Magic Software Services Limited
10675727
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Sandeep Sahai
American · United States · Age 63
847, Alvermar Ridge, Mclean
Notified 17/03/2017
Former PSCs
Mr Sandeep Sahai
Ceased 18/03/2024
Mr Arjun Malhotra
Ceased 18/03/2024
CompanyRankvs 33715+ SIC 62012 peers41
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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 31/03/2025
Net Worth
£100
Balance sheet strength
Cash
£5k
Cash in the bank
Net Current Assets
-£23k
Working capital
Current Assets
£6k
Current Liabilities
£29k
Debtors
£642
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.19 | — |
| 2023 | 0.50 | -£2k |
| 2022 | — | -£2k |
| 2021 | — | -£1k |
| 2020 | — | -£1k |
Derived from filed accounts. Not audited figures.