Mg Randalls Way Limited
10429780
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/10/2016
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 48
Also on 24 other boards
director · Since 17/10/2016
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 12 other boards
Persons with Significant Control
Titan Property Developments Ltd
C/O Certius, Bayside Business Centre, Sovereign Business Parrk, 48 Willis Way, Poole, BH15 3TB
Reg: 8925047 · England & Wales · Limited Liability Company
Notified 17/10/2016
Former PSCs
Cloud Wing Investment Co Ltd
Ceased 26/05/2022
Charges1 outstanding
IRE SECURITY LIMITED
AMICUS FINANCE PLC
LANCASHIRE MORTGAGE CORPORATION LIMITED
LANCASHIRE MORTGAGE CORPORATION LIMITED
CompanyRankvs 60605+ SIC 41100 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
Outstanding charges: -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 31/03/2025
Net Worth
-£2.9M
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£434
Working capital
Current Assets
£22k
Current Liabilities
£23k
Debtors
£22k
Admin Expenses
-£23k
Operating Profit
£23k
Profit After Tax
£23k
Tax at Year End(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.98 | +£23k | — |
| 2024 | 0.54 | -£5k | — |
| 2023 | 0.59 | -£49k | £61.4M |
| 2022 | 0.65 | +£3.6M | £61.4M |
| 2021 | 0.61 | -£1.6M | — |
| 2020 | 0.67 | -£1.4M | — |
| 2019 | 1.25 | — | — |
Derived from filed accounts. Not audited figures.