Magdrive Ltd
12206174
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Dr. Thomas Albert Clayson
British · England · Age 34
Unit 4 Bep-0 Building, Thomson Avenue, Harwell Oxford, OX11 0GD
Notified 13/09/2019
Former PSCs
Mr Mark Yasu Stokes
Ceased 01/01/2025
Charges0 outstanding
SPRK CAPITAL LIMITED
ROCKING HORSE SOLUTIONS UK LIMITED
CompanyRankvs 54+ SIC 51220 peers40
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/07/2024
Net Worth
-£128k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£559k
Working capital
Current Assets
£482k
Current Liabilities
£1.0M
Fixed Assets
£431k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.46 | -£600k |
| 2023 | 3.18 | -£1k |
| 2022 | 15.57 | -£461k |
| 2021 | 82.71 | +£896k |
| 2020 | 3.12 | — |
Derived from filed accounts. Not audited figures.