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Conversion Magic Ltd

11130151

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

REDWOODS, 2 CLYST WORKS CLYST ROAD, EXETER, EX3 0DB
Incorporated 03/01/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Alwyn Joy Veliyeth

director · Since 03/01/2018

SENIOR E-COMMERCE CONSULTANT

INDIAN · ENGLAND · Age 47

Also on 1 other board

Persons with Significant Control

Mr Alwyn Joy Veliyeth

50–75% shares
50–75% votes
Appoint directors

Indian · England · Age 47

23, Chard Road, Exeter, EX1 3AY

Notified 03/01/2018

Mrs Reji Jose Kombarakaran

25–50% shares
25–50% votes

Indian · England · Age 41

23, Chard Road, Exeter, EX1 3AY

Notified 03/01/2018

CompanyRankvs 39632+ SIC 62020 peers
60

Financial strength59th percentile among SIC peers · 15/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 5.44× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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39632Conversion Magic Ltd
60
How is this score calculated?
Financial strength15/25 pts

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

Employees2/15 pts

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

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 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 31/01/2025

Net Worth

£8k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£12k

Current Liabilities

£2k

0avg. employees

Balance Sheet

Assets less current liabilities£10k
Signed by 11130151 2024-02-01 2025-01-31 11130151 2025-01-31 11130151 bus: 1 1 2025-01-31 11130151 core:CurrentFinancialInstrumentPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20255.44

Derived from filed accounts. Not audited figures.