Mag Finance Limited
10651718
Healthy
- Negative net worth (-10)
Details
Compliance
Last accounts
28/03/2026
dormant
Next accounts due
28/12/2027
Confirmation statement
Last: 04/03/2026
Due 18/03/2027
Industry
Officers
Persons with Significant Control
Mr Mark Gray
British · United Kingdom · Age 55
8 Woodholm Road, Sheffield, S11 9HT
Notified 13/03/2017
Mrs Kathryn Gray
British · United Kingdom · Age 59
8 Woodholm Road, Sheffield, S11 9HT
Notified 13/03/2017
CompanyRankvs 5738+ SIC 70221 peers58
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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 28/03/2026
Net Worth
-£10
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£10
Working capital
Current Assets
£40
Current Liabilities
£10
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2026 | 4.00 |
| 2026 | 4.00 |
| 2024 | Infinity |
| 2023 | Infinity |
| 2022 | 3.05 |
| 2021 | 1.07 |
| 2020 | 1.04 |
| 2019 | 1.38 |
Derived from filed accounts. Not audited figures.