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Mag Groundworks Limited

12474471

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

THE OLD BAKERY 3A KING STREET, OLDHAM, OL3 5DL
Incorporated 20/02/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Martin Paul Whitehead

director · Since 20/02/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 48

Persons with Significant Control

Mr Martin Paul Whitehead

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

British · England · Age 48

The Old Bakery, 3a King Street, Oldham, OL3 5DL

Notified 20/02/2020

CompanyRankvs 10289+ SIC 43999 peers
69

Financial strength90th percentile among SIC peers · 23/25
Employees26th percentile among SIC peers · 4/15
LiquidityCurrent ratio 2.61× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

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

Employees4/15 pts

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

Liquidity20/20 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 31/01/2026

Net Worth

£313k

Balance sheet strength

Cash

£373k

Cash in the bank

Net Current Assets

£262k

Working capital

Current Assets

£425k

Current Liabilities

£163k

Fixed Assets

£52k

Debtors

£52k

1avg. employees

Balance Sheet

Assets less current liabilities£313k
Signed by 2025-02-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20262.61+£0
20262.61+£115k
20253.10-£62k
20244.40+£103k
20232.28

Derived from filed accounts. Not audited figures.