Magnate Resources Limited
12671454
Healthy
- No accounts filed in last 18 months (-5)
Details
Compliance
Last accounts
30/06/2024
micro entity
Next accounts due
31/03/2026
Confirmation statement
Last: 22/02/2025
Due 08/03/2026
Industry
Officers
director · Since 17/02/2022
COMPANY DIRECTOR
NIGERIAN · UNITED KINGDOM · Age 41
Persons with Significant Control
Mr Olanrewaju Adebayo Banjo
Nigerien · England · Age 41
66, Madison Street, Manchester, M18 8SD
Notified 19/03/2022
Former PSCs
Miss Bintou Fall
Ceased 18/04/2022
CompanyRankvs 4106+ SIC 43341 peers58
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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 30/06/2024
Net Worth
£38k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£31k
Working capital
Current Assets
£9k
Current Liabilities
£40k
Fixed Assets
£39k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.23 | -£902 |
| 2023 | 0.11 | -£4k |
| 2022 | 0.10 | -£3k |
| 2021 | 0.07 | — |
Derived from filed accounts. Not audited figures.