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Magnus Power Limited

12084786

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

20 HAVELOCK ROAD, HASTINGS, TN34 1BP
Incorporated 04/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26512
Manufacture of electronic industrial process control equipment

Officers

Mr Graham Hawkins

secretary · Since 04/07/2019

Also on 1 other board

Mr Graham Hawkins

director · Since 04/07/2019

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 1 other board

Persons with Significant Control

Mr Graham Hawkins

Significant control

British · United Kingdom · Age 62

20 Havelock Road, Hastings, TN34 1BP

Notified 04/07/2019

CompanyRankvs 690+ SIC 26512 peers
23

Financial strength22th percentile among SIC peers · 6/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.09× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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690Magnus Power Limited
33
How is this score calculated?
Financial strength6/25 pts

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

Employees3/15 pts

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

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

they fall due for the foreseeable future. In reaching this conclusion he considers that no material uncertainty exists. As a result, the director has concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements. Turnover Turnover reflects charges made in relation to rates incurred. Taxation Taxation for the year comprises current and deferred ta

Key FinancialsYear ending 31/07/2025

Net Worth

£100

Balance sheet strength

Cash

£91

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£196

Current Liabilities

£2k

Debtors

£105

0avg. employees

Balance Sheet

Assets less current liabilities-£2k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.09
20240.07
20230.12

Derived from filed accounts. Not audited figures.