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Mgim Optical Limited

10049667

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 3 outstanding charges (-6)

Details

UNIT 317, DARWEN, BB3 1AE
Incorporated 08/03/2016

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 07/11/2025

Due 21/11/2026

On track

Industry

47782
Retail sale by opticians

Officers

Mr Ali-Raza Mukhtar Meghjee

director · Since 08/03/2016

OPTOMETRIST

BRITISH · UNITED KINGDOM · Age 38

Also on 2 other boards

Mrs Sayyada Mehaboob Meghjee

director · Since 04/07/2024

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 3 other boards

Mr Imran Hakim

director · Since 30/09/2024

DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 457 other boards

Persons with Significant Control

Ho2 Management Limited

25–50% shares
25–50% votes
Appoint directors

Unit 317, India Mill Business Centre, Darwen, BB3 1AE

Reg: 05476134 · Companies House · Private Company Limited By Shares

Notified 30/09/2024

Megga Group Holdings Ltd

25–50% shares
25–50% votes

89, Rowland Avenue, Harrow, HA3 9AG

Reg: 13755903 · Companies House · Private Company Limited By Shares

Notified 30/09/2024

Former PSCs

Mr Ali-Raza Mukhtar Meghjee

Ceased 30/09/2024

Mr Mazharali Nisar Gulamhusein

Ceased 04/07/2024

Mrs Sayyada Mehaboob Meghjee

Ceased 30/09/2024

Charges3 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 16/04/2018Registered 19/04/2018
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 16/08/2017Registered 24/08/2017
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 10/01/2017Registered 12/01/2017

CompanyRankvs 10850+ SIC 47782 peers
43

Financial strength3th percentile among SIC peers · 1/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.59× · 16/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees11/15 pts

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

Liquidity16/20 pts

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

Longevity10/15 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.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/09/2024

Net Worth

-£131k

Balance sheet strength

Cash

£25k

Cash in the bank

Net Current Assets

£27k

Working capital

Current Assets

£72k

Current Liabilities

£45k

Fixed Assets

£12k

Debtors

£23k

5avg. employees-2

Tax at Year End

Corp tax£14k

Director Loans

Company owes directors£12k

Balance Sheet

Assets less current liabilities£39k
Signed by Mr Ali-Raza Meghjee Mrs Sayyada Meghjee 7 March 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.59-£6k
20231.30-£16k
20221.26-£9k
20211.16-£176k
20200.53+£153k
20190.53

Derived from filed accounts. Not audited figures.