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Mgc Logistics (Bham) Ltd

11619748

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

6TH FLOOR, LONDON, EC2Y 5AU
Incorporated 12/10/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49410
Freight transport by road

Officers

Mr Matthew Gordon Creighton

director · Since 12/10/2018

HAULAGE CONTRACTOR

BRITISH · ENGLAND · Age 42

Also on 4 other boards

Persons with Significant Control

Mr Matthew Gordon Creighton

75–100% shares
75–100% votes
Appoint directors

British · England · Age 42

6th Floor, 2 London Wall Place, London, EC2Y 5AU

Notified 12/10/2018

Charges1 outstanding

Charge
outstanding

TIME INVOICE FINANCE LIMITED

Created 13/08/2021Registered 18/08/2021
Charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED

Created 15/07/2019Registered 16/07/2019Satisfied 25/01/2022

CompanyRankvs 15+ SIC 49410 peers
19

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.65× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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 31/10/2023

Net Worth

£59k

Balance sheet strength

Cash

£49k

Cash in the bank

Net Current Assets

-£464k

Working capital

Current Assets

£878k

Current Liabilities

£1.3M

Fixed Assets

£938k

Debtors

£669k

26avg. employees+5

Tax at Year End

VAT£84k

Director Loans

Company owes directors£161k

Balance Sheet

Assets less current liabilities£474k
Signed by Mr Matthew Creighton 31/01/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20230.65+£13k£1.7M
20220.64+£51k£2.7M
20210.88——

Derived from filed accounts. Not audited figures.