Mg Concept Ltd
10582990
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Frasineanu Mihai
British · United Kingdom · Age 44
International House, 142 Cromwell Road, London, SW7 4EF
Notified 25/01/2017
CompanyRankvs 4880+ SIC 31090 peers28
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/01/2025
Net Worth
-£33k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£36k
Working capital
Current Assets
£340
Current Liabilities
£36k
Fixed Assets
£3k
Tax at Year End(2023)
Director Loans(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.01 | -£8k | — |
| 2024 | 0.00 | -£2k | — |
| 2023 | 0.19 | -£4k | £24k |
| 2022 | 0.07 | -£28k | — |
| 2021 | 0.65 | +£5k | — |
| 2020 | 0.00 | +£2k | — |
| 2019 | 0.01 | — | — |
Derived from filed accounts. Not audited figures.