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Magic Assets International Limited

12474951

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

46/47, 5TH FLOOR THE WHITEHOUSE, BIRMINGHAM, B2 4EU
Incorporated 20/02/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Ho Fai Chung

director · Since 20/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 55

Yuen Man Lo

director · Since 20/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 53

Persons with Significant Control

Yuen Man Lo

25–50% shares
25–50% votes
Appoint directors

British · England · Age 53

46/47, 5th Floor, The Whitehouse, Birmingham, B2 4EU

Notified 20/02/2020

Ho Fai Chung

25–50% shares
25–50% votes
Appoint directors

British · England · Age 55

46/47, 5th Floor, The Whitehouse, Birmingham, B2 4EU

Notified 20/02/2020

Charges2 outstanding

Charge
outstanding

GATEHOUSE BANK PLC

Created 04/02/2021Registered 16/02/2021
Charge
outstanding

GATEHOUSE BANK PLC

Created 26/01/2021Registered 04/02/2021

CompanyRankvs 111835+ SIC 68100 peers
27

Financial strength8th percentile among SIC peers · 2/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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111835Magic Assets International Limited
37
How is this score calculated?
Financial strength2/25 pts

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

Employees12/15 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.

Longevity6/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 28/02/2025

Net Worth

-£43k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£164k

Working capital

Current Assets

£4k

Current Liabilities

£168k

Fixed Assets

£437k

2avg. employees

Balance Sheet

Assets less current liabilities£273k
Signed by Mr Ho Fai Chung 19th June 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.02+£6k
20240.01+£2k
20230.01+£4k
20220.00-£20k
20210.07—

Derived from filed accounts. Not audited figures.