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Mgh Homes Limited

12613542

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

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

Details

WILLOW LODGE KAYSBURN, DURHAM, DH7 6TL
Incorporated 20/05/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mrs Erica Helen Lynn

director · Since 20/05/2020

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 1 other board

Mr Matthew Ian Lynn

director · Since 20/05/2020

DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 3 other boards

Persons with Significant Control

Mrs Erica Lynn

25–50% shares

British · United Kingdom · Age 44

Swallow House, Parsons Road, Washington, NE37 1EZ

Notified 20/05/2020

Mr Matthew Lynn

25–50% shares

British · United Kingdom · Age 41

Swallow House, Parsons Road, Washington, NE37 1EZ

Notified 20/05/2020

Charges6 outstanding

Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 18/11/2022Registered 09/12/2022
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 18/11/2022Registered 08/12/2022
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 18/11/2022Registered 21/11/2022
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED TRADING AS PRECISE MORTGAGES

Created 01/07/2022Registered 01/07/2022
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED

Created 11/03/2022Registered 17/03/2022
Charge
outstanding

LANDBAY PARTNERS LIMITED

Created 30/09/2021Registered 30/09/2021
Charge
satisfied

TOGETHER COMMERCIAL FINANCE LIMITED

Created 06/01/2021Registered 02/02/2021Satisfied 08/03/2022
Charge
satisfied

TOGETHER COMMERCIAL FINANCE LIMITED

Created 06/01/2021Registered 02/02/2021Satisfied 08/03/2022

CompanyRankvs 152483+ SIC 68209 peers
34

Financial strength1th percentile among SIC peers · 0/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 2.63× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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152483Mgh Homes Limited
44
How is this score calculated?
Financial strength0/25 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.

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.

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 31/01/2026

Net Worth

-£215k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

£2k

Working capital

Current Assets

£3k

Current Liabilities

£1k

Fixed Assets

£321k

Debtors

£1k

0avg. employees

Balance Sheet

Assets less current liabilities£323k
Prepared with Sage Accounts Production Advanced 2025 - FRS102_2025

EstimatesDerived

YearCurrent RatioImplied Profit
20262.63-£17k
20252.34-£48k
2024—-£29k

Derived from filed accounts. Not audited figures.