Back to search

Magic42 Limited

11572347

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

OFFICE 1, IZABELLA HOUSE, BIRMINGHAM, B1 3NJ
Incorporated 17/09/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Alex Ashman

director · Since 17/09/2018

CLIENT SERVICES

BRITISH · ENGLAND · Age 42

Also on 1 other board

Mr Anthony Cook Bsc Hons

director · Since 17/09/2018

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 5 other boards

Mr Paul Terence Dunn

director · Since 17/09/2018

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 1 other board

Persons with Significant Control

Mr Anthony Cook

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

British · England · Age 48

Unit 3, Ashted Lock, Birmingham, B7 4AZ

Notified 17/09/2018

CompanyRankvs 18782+ SIC 62020 peers
76

Financial strength89th percentile among SIC peers · 22/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.72× · 16/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
How is this score calculated?
Financial strength22/25 pts

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

Employees15/15 pts

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

Liquidity16/20 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

£117k

Balance sheet strength

Cash

£138k

Cash in the bank

Net Current Assets

£107k

Working capital

Current Assets

£258k

Current Liabilities

£150k

Fixed Assets

£18k

Debtors

£120k

17avg. employees+1

Tax at Year End

Corp tax£31k

Balance Sheet

Intangible assets£12k
Assets less current liabilities£126k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.72+£66k
20231.42-£3k
20221.55+£14k
20211.40+£16k
20201.29
20190.57

Derived from filed accounts. Not audited figures.