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Magnum Smart Ride Private Hire Limited

11457783

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

205A CHURCH STREET, BOLTON, BL3 1BW
Incorporated 10/07/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49320
Taxi operation

CompanyRankvs 14890+ SIC 49320 peers
67

Financial strength80th percentile among SIC peers · 20/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.5× · 12/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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1489Magnum Smart Ride Private Hire Limited
67
How is this score calculated?
Financial strength20/25 pts

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

Employees12/15 pts

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

Liquidity12/20 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 31/12/2024

Net Worth

£16k

Balance sheet strength

Cash

£40k

Cash in the bank

Net Current Assets

£13k

Working capital

Current Assets

£40k

Current Liabilities

£27k

Fixed Assets

£3k

3avg. employees

Tax at Year End

Corp tax£3k

Director Loans

Company owes directors£6k

Balance Sheet

Assets less current liabilities£16k
Signed by Mr M Bilal Nazar Qasier 15/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20241.50

Derived from filed accounts. Not audited figures.