Megabay Limited
11656751
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 25/04/2024
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 37
Also on 3 other boards
Persons with Significant Control
Mr Harpreet Singh
British · England · Age 37
5 Theobald Court, Theobald Street, Elstree, WD6 4RN
Notified 30/07/2025
Former PSCs
Woodberry Secretarial Limited
Ceased 15/11/2018
Mr Torlork Singh
Ceased 30/07/2025
Charges2 outstanding
ONESAVINGS BANK PLC
HANDELSBANKEN PLC
CompanyRankvs 68363+ SIC 41100 peers23
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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.
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 31/03/2025
Net Worth
-£169k
Balance sheet strength
Cash
£6k
Cash in the bank
Net Current Assets
-£1.0M
Working capital
Current Assets
£10k
Current Liabilities
£1.0M
Fixed Assets
£1.4M
Debtors
£4k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.01 | +£0 |
| 2025 | 0.01 | -£60k |
| 2024 | 0.01 | -£38k |
| 2023 | 0.01 | -£12k |
| 2022 | — | +£2k |
| 2021 | — | -£13k |
Derived from filed accounts. Not audited figures.