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Mgh Offshore Limited

10588729

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

SWALLOW HOUSE, WASHINGTON, NE37 1EZ
Incorporated 27/01/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Matthew Ian Lynn

director · Since 27/01/2017

ELECTRICAL

BRITISH · ENGLAND · Age 41

Also on 3 other boards

Mrs Erica Helen Lynn

director · Since 01/06/2017

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 1 other board

Persons with Significant Control

Mgh Uk Holdings Limited

75–100% shares
75–100% votes

Swallow House, Parsons Road, Washington, NE37 1EZ

Reg: 15979810 · Companies House · Private Limited Company

Notified 17/01/2025

Former PSCs

Mr Matthew Ian Lynn

Ceased 17/01/2025

CompanyRankvs 22863+ SIC 82990 peers
78

Financial strength92th percentile among SIC peers · 23/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.53× · 16/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 pts

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

Liquidity16/20 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.

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

Key FinancialsYear ending 31/01/2026

Net Worth

£422k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

£890k

Working capital

Current Assets

£2.6M

Current Liabilities

£1.7M

Fixed Assets

£124k

Debtors

£2.6M

13avg. employees+8

Tax at Year End

Corp tax£187k

Balance Sheet

Assets less current liabilities£1.0M
Prepared with Sage Accounts Production Advanced 2025 - FRS102_2025

EstimatesDerived

YearCurrent RatioImplied Profit
20261.53+£9k
20251.88-£122k
20241.62+£315k
20231.78—

Derived from filed accounts. Not audited figures.