Mg Electrical (Southern) Ltd
10707537
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Martin Garrett
British · United Kingdom · Age 51
7 Eastern Road, West End, Southampton, SO30 3EP
Notified 04/04/2017
Mrs Sally Garrett
British · United Kingdom · Age 49
7 Eastern Road, West End, Southampton, SO30 3EP
Notified 03/04/2025
CompanyRankvs 13103+ SIC 43210 peers62
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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 30/04/2025
Net Worth
£100
Balance sheet strength
Cash
£655k
Cash in the bank
Net Current Assets
£666k
Working capital
Current Assets
£671k
Current Liabilities
£4k
Fixed Assets
£27k
Debtors
£11k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 149.04 |
| 2024 | 4.30 |
| 2023 | 17.12 |
| 2022 | 6.52 |
| 2021 | 1.91 |
| 2020 | 7.07 |
| 2019 | 14.81 |
Derived from filed accounts. Not audited figures.