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Magnet Developments Limited

12672619

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 4 outstanding charges (-8)

Details

217 QUEENS DOCK BUSINESS CENTRE, LIVERPOOL, L1 0BG
Incorporated 15/06/2020

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

Mr Peter Christopher

director · Since 15/06/2020

CONSTRUCTION WORKER

BRITISH · UNITED KINGDOM · Age 41

Also on 2 other boards

Persons with Significant Control

Mr Peter Christopher

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

British · United Kingdom · Age 41

215, Queens Dock Business Address, Norfolk Street, Liverpool, L1 0BG

Notified 15/06/2020

Charges4 outstanding

Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 09/06/2023Registered 15/06/2023
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 13/06/2022Registered 15/06/2022
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 30/05/2022Registered 07/06/2022
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 28/05/2021Registered 07/06/2021

CompanyRankvs 184681+ SIC 68100 peers
14

Financial strength5th percentile among SIC peers · 1/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.31× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees0/15 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 30/06/2024

Net Worth

-£81k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£108k

Working capital

Current Assets

£49k

Current Liabilities

£157k

Fixed Assets

£439k

Debtors

£49k

Director Loans

Company owes directors£79k

Balance Sheet

Assets less current liabilities£331k
Signed by Mr Peter Christopher 21/03/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.31-£42k
20230.58-£31k
20220.01-£6k

Derived from filed accounts. Not audited figures.