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Mgn Drywall Ltd

12445702

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

12B SUN STREET, WALTHAM ABBEY, EN9 1EE
Incorporated 06/02/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Michael John Offredi

director · Since 06/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 37

Glenn Harris

director · Since 11/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 45

Mr Nicholas Playle

director · Since 11/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 55

Persons with Significant Control

Mr Michael John Offredi

Significant control

British · England · Age 37

12b Sun Street, Waltham Abbey, EN9 1EE

Notified 06/02/2020

Mr Nicholas Playle

Significant control

British · England · Age 55

12b Sun Street, Waltham Abbey, EN9 1EE

Notified 11/02/2020

Glenn Harris

Significant control

British · England · Age 45

12b Sun Street, Waltham Abbey, EN9 1EE

Notified 11/02/2020

Aquila Homes Limited

25–50% shares
25–50% votes

Kalamu House, 11 Coldbath Square, London, EC16 5HL

Reg: 07337362 · Companies House · Limited Company

Notified 06/03/2020

CompanyRankvs 9635+ SIC 43999 peers
70

Financial strength89th percentile among SIC peers · 22/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.3× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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9635Mgn Drywall Ltd
69
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.

Employees14/15 pts

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

Liquidity12/20 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.

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

Key FinancialsYear ending 31/03/2026

Net Worth

£265k

Balance sheet strength

Cash

£20k

Cash in the bank

Net Current Assets

£282k

Working capital

Current Assets

£1.2M

Current Liabilities

£941k

Fixed Assets

£39k

Debtors

£889k

11avg. employees-2

Balance Sheet

Assets less current liabilities£321k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20261.30+£7k
20251.26-£72k
20241.37+£83k
20231.31—

Derived from filed accounts. Not audited figures.