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Magnific Limited

09874073

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

92A THE WILLOWS, WOLVERHAMPTON, WV6 0BX
Incorporated 16/11/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities
74909
Other professional, scientific and technical activities
78109
Other activities of employment placement agencies
78300
Human resources provision and management of human resources functions

Officers

Mr Aarandeep Uppal

director · Since 14/09/2022

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 33

Also on 1 other board

Persons with Significant Control

Mr Aarandeep Uppal

75–100% shares
ownership-of-shares-75-to-100-percent-as-trust
ownership-of-shares-75-to-100-percent-as-firm

British · United Kingdom · Age 33

92a The Willows, Tettenhall Road, Wolverhampton, WV6 0BX

Notified 01/01/2022

Former PSCs

Ms Sandaljit Bains

Ceased 01/01/2022

CompanyRankvs 144855+ SIC 70229 peers
37

Financial strength10th percentile among SIC peers · 3/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.29× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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144855Magnific Limited
36
How is this score calculated?
Financial strength3/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees6/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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

-£4k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£5k

Working capital

Current Assets

£2k

Current Liabilities

£8k

Fixed Assets

£1k

1avg. employees

Balance Sheet

Assets less current liabilities-£4k
Signed by Mr Aarandeep Uppal 30/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.29-£1k
20230.13—

Derived from filed accounts. Not audited figures.