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The Magneto Effect Limited

11163013

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

GATEWAY HOUSE, MANCHESTER, M22 5WY
Incorporated 22/01/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

73110
Advertising agencies

Officers

Mr Grant Eagle

director · Since 22/01/2018

MANAGING DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Persons with Significant Control

Mr Grant Eagle

75–100% shares
ownership-of-shares-75-to-100-percent-as-trust
ownership-of-shares-75-to-100-percent-as-firm
75–100% votes
voting-rights-75-to-100-percent-as-trust
voting-rights-75-to-100-percent-as-firm
Appoint directors
right-to-appoint-and-remove-directors-as-trust
right-to-appoint-and-remove-directors-as-firm

British · United Kingdom · Age 61

Kemp House, 160 City Road, London, EC1V 2NX

Notified 22/01/2018

CompanyRankvs 25741+ SIC 73110 peers
28

Financial strength2th percentile among SIC peers · 1/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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25741The Magneto Effect Limited
28
How is this score calculated?
Financial strength1/25 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.

Liquidity2/20 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 31/08/2024

Net Worth

-£105k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£55

Current Liabilities

£47k

Fixed Assets

£874

0avg. employees

Balance Sheet

Total assets£929

EstimatesDerived

YearCurrent RatioImplied Profit
20240.00-£4k
20230.04-£8k
20220.06—
202040.58—
20192.59—

Derived from filed accounts. Not audited figures.