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Mgi 720 Ltd

11438187

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 11 FOREST GATE, CHIPPENHAM, SN15 3RS
Incorporated 28/06/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies
68209
Other letting and operating of own or leased real estate

Officers

Mr Martin John Hughes

director · Since 28/06/2018

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 4 other boards

Mr Timothy Weeks

director · Since 28/06/2018

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 1 other board

Persons with Significant Control

Mr Timothy Weeks

25–50% shares
25–50% votes
Appoint directors

British · England · Age 43

Unit 11 Forest Gate, Chippenham, SN15 3RS

Notified 28/06/2018

Mr Martin John Hughes

25–50% shares
25–50% votes
Appoint directors

British · England · Age 44

Unit 11 Forest Gate, Chippenham, SN15 3RS

Notified 28/06/2018

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 22/11/2019Registered 25/11/2019

CompanyRankvs 21896+ SIC 64209 peers
44

Financial strength57th percentile among SIC peers · 14/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.9× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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21896Mgi 720 Ltd
50
How is this score calculated?
Financial strength14/25 pts

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

Employees11/15 pts

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

Liquidity6/20 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.

Risk deductions

Outstanding charges: -10 pts

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

£2k

Balance sheet strength

Cash

£47k

Cash in the bank

Net Current Assets

-£25k

Working capital

Current Assets

£232k

Current Liabilities

£258k

Fixed Assets

£59k

Debtors

£185k

2avg. employees

Balance Sheet

Assets less current liabilities£34k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.90+£0
20230.91+£495
20220.91+£182
20210.88—

Derived from filed accounts. Not audited figures.