Mag Innovations Ltd
09800212
Healthy
- No accounts filed in last 18 months (-5)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 29/09/2015
DIRECTOR
BRITISH · ENGLAND · Age 49
Also on 1 other board
Persons with Significant Control
Mr Andrew Paul Henry Williams
British · England · Age 49
Unit 7, Gravel Lane, Chigwell, IG7 6DQ
Notified 28/09/2016
Former PSCs
Mr Martin Michael Nabarro
Ceased 20/05/2018
CompanyRankvs 23645+ SIC 74909 peers59
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
£16k
Balance sheet strength
Cash
£190k
Cash in the bank
Profit Before Tax
£9k
Bottom line earnings
Net Current Assets
£42k
Working capital
Current Assets
£262k
Current Liabilities
£220k
Fixed Assets
£4k
Admin Expenses
£48k
Profit After Tax
£8k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.19 | +£8k |
| 2023 | 1.46 | — |
Derived from filed accounts. Not audited figures.