Re Mago Ltd
10070410
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 14/10/2022
DIRECTOR
ITALIAN · UNITED KINGDOM · Age 45
Also on 26 other boards
director · Since 22/11/2022
DIRECTOR
ITALIAN · ENGLAND · Age 45
Also on 23 other boards
Persons with Significant Control
An Idea Lives On Ltd
Unit 14, The Westbourne Studios, London, W10 5JJ
Reg: 09153572 · Registrar Of Companies · Private Limited Company
Notified 14/10/2022
Former PSCs
Amasing Holding Sa
Ceased 01/02/2019
Mr Marco Valerio Masi
Ceased 09/09/2020
Valarea'N Limited
Ceased 14/10/2022
CompanyRankvs 56660+ SIC 62090 peers21
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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.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 31/12/2024
Net Worth
-£3.2M
Balance sheet strength
Cash
£127k
Cash in the bank
Net Current Assets
-£69k
Working capital
Current Assets
£1.5M
Current Liabilities
£1.5M
Fixed Assets
£17k
Debtors
£1.3M
Tax at Year End(2021)
Director Loans(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 0.96 | -£1.5M | — |
| 2023 | 0.91 | -£523k | — |
| 2022 | 0.61 | -£823k | — |
| 2021 | 0.20 | +£260k | £323k |
| 2020 | 0.56 | -£953k | £323k |
| 2019 | 3.73 | +£1.1M | — |
| 2018 | 0.40 | — | — |
Derived from filed accounts. Not audited figures.