Magics Technologies Ltd
11433567
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Previously known as
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 25/06/2026
Due 09/07/2027
Industry
Officers
Former
director · Resigned 05/10/2018
Persons with Significant Control
Former PSCs
Mr Jens Jef Roza Verbeeck
Ceased 26/06/2018
Change History
Active
Private Limited Company
WESTWOOD HOUSE
SOUTH CAVE
CompanyRankvs 2719+ SIC 46520 peers43
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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 31/12/2024
Net Worth
£100
Balance sheet strength
Cash
£2k
Cash in the bank
Net Current Assets
-£18k
Working capital
Current Assets
£41k
Current Liabilities
£59k
Debtors
£871
Profit After Tax
-£3k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.69 |
| 2023 | 0.15 |
Derived from filed accounts. Not audited figures.