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Mcg Education Limited

10484170

active
Private Limited Company
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

3 BROOK BUSINESS CENTRE, UXBRIDGE, UB8 2FX
Incorporated 17/11/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

78200
Temporary employment agency activities

Officers

Mr Ford Garrard

director · Since 31/07/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 10 other boards

Persons with Significant Control

Auxo Group (Midco) Limited

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

56, Clarendon Road, Watford, WD17 1DA

Reg: 13640110 · England And Wales · Private Limited Company

Notified 18/11/2021

Former PSCs

Mr Colm John Mcginley

Ceased 16/05/2019

The Mcg Group Holdings Ltd

Ceased 18/11/2021

Charges3 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 08/05/2019Registered 14/05/2019
Charge
outstanding

HSBC UK BANK PLC

Created 29/01/2019Registered 30/01/2019
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 08/10/2018Registered 08/10/2018
Charge
satisfied

LLOYDS BANK PLC

Created 16/06/2017Registered 20/06/2017Satisfied 05/12/2018

CompanyRankvs 10822+ SIC 78200 peers
28

Financial strength0th percentile among SIC peers · 0/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees11/15 pts

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

Liquidity2/20 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2023

Net Worth

-£724k

Balance sheet strength

Cash

£10

Cash in the bank

Net Current Assets

-£724k

Working capital

Current Assets

£2k

Current Liabilities

£727k

Debtors

£2k

3avg. employees

Balance Sheet

Bank loans & overdrafts£1
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent Ratio
20230.00

Derived from filed accounts. Not audited figures.