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
director · Since 14/04/2023
CHIEF FINANCIAL OFFICER
AMERICAN · UNITED STATES · Age 44
Also on 5 other boards
director · Since 01/02/2025
DIRECTOR
ENGLISH · ENGLAND · Age 58
Also on 4 other boards
director · Since 12/05/2025
MANAGING DIRECTOR
BELGIAN · BELGIUM · Age 52
Also on 4 other boards
Persons with Significant Control
Brady Corporation
6555, West Good Hope Road, Milwaukee, 53223
Reg: 1b07531 · Wisconsin · Corporation
Notified 16/10/2023
Former PSCs
Ultra Electronics Limited
Ceased 22/08/2016
Magicard Holdings Limited
Ceased 16/10/2023
Ldc (Managers) Limited
Ceased 21/05/2021
Brady Corporation
Ceased 21/05/2021
Charges0 outstanding
THE ROYAL BANK OF SCOTLAND PLC AS SECURITY TRUSTEE FOR THE SECURED PARTIES
THE ROYAL BANK OF SCOTLAND PLC AS SECURITY TRUSTEE (REGISTERED IN SCOTLAND WITH NUMBER SC090312
LDC (MANAGERS) LIMITED AS SECURITY TRUSTEE
CompanyRankvs 32+ 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.