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Magfern Group Limited

10481610

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

FIRST FLOOR STERLING HOUSE, LITTLE EATON, DE21 5EL
Incorporated 16/11/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Antony James Hibbs

director · Since 16/11/2016

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 1 other board

Persons with Significant Control

Eagerreport Limited

75–100% shares
75–100% votes
Appoint directors

The Old Vicarage, Church Lane, Burton-On-Trent, DE13 8TF

Reg: 03218049 · England And Wales · Limited Company

Notified 16/11/2016

CompanyRankvs 150337+ SIC 82990 peers
24

Financial strength13th percentile among SIC peers · 3/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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150337Magfern Group Limited
29
How is this score calculated?
Financial strength3/25 pts

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

Employees0/15 pts

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

Liquidity6/20 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

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 identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern

Key FinancialsYear ending 30/11/2023

Net Worth

-£3k

Balance sheet strength

Cash

£1

Cash in the bank

Net Current Assets

-£3k

Working capital

Current Assets

£261k

Current Liabilities

£264k

Debtors

£261k

Balance Sheet

Assets less current liabilities-£3k
Signed by Mr A Hibbs 18 November 2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20230.99

Derived from filed accounts. Not audited figures.