Magicard Ltd
10124762
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/07/2025
full
Next accounts due
30/04/2027
Confirmation statement
Last: 13/04/2026
Due 27/04/2027
Industry
Officers
Ann Elizabeth Thornton
director · Since 14/04/2023
American
David Mark Walmsley
director · Since 01/02/2025
English
Brett Wilms
director · Since 12/05/2025
Belgian
Former
Michael Baptist
director · Resigned 23/08/2016
James Clarke
director · Resigned 12/05/2023
Ian David Cliffe
director · Resigned 29/10/2021
Andy Cornelius
director · Resigned 16/12/2022
Sally Felstead
director · Resigned 14/10/2022
India Kalsi
director · Resigned 23/08/2016
Guillaume Lafont
director · Resigned 03/01/2023
Simon Joseph Laws
director · Resigned 23/09/2021
Andrew Boris Matko
director · Resigned 20/03/2018
James Michael Nauman
director · Resigned 01/04/2022
Richard Andrew O’Mahoney
director · Resigned 01/02/2025
Aaron James Pearce
director · Resigned 14/04/2023
Richard Antony Cargill Scott
director · Resigned 31/07/2019
Russell Richard Shaller
director · Resigned 12/05/2025
Amitabh Sharma
director · Resigned 23/08/2016
CompanyRankvs 105+ SIC 26200 peers75
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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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/07/2024
Turnover
£20.4M
Annual revenue
Net Worth
£25.9M
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
£2.7M
Bottom line earnings
Net Current Assets
£18.3M
Working capital
Current Assets
£20.5M
Current Liabilities
£2.2M
Fixed Assets
£9.2M
Debtors
£17.4M
Cost of Sales
£12.1M
Gross Profit
£8.3M
Admin Expenses
£5.6M
Operating Profit
£2.4M
Profit After Tax
£3.2M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 9.46 |
Derived from filed accounts. Not audited figures.