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Magic Restaurant Group Limited

12724442

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

1315 NEATH ROAD, SWANSEA, SA1 2LF
Incorporated 06/07/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Mr Leon Reza Esfahani

director · Since 06/07/2020

MANAGING DIRECTOR

BRITISH · WALES · Age 44

Persons with Significant Control

Mr Leon Reza Esfahani

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

British · Wales · Age 44

1315, Neath Road, Swansea, SA1 2LF

Notified 06/07/2020

CompanyRankvs 17074+ SIC 56101 peers
37

Financial strength24th percentile among SIC peers · 6/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.52× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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17074Magic Restaurant Group Limited
43
How is this score calculated?
Financial strength6/25 pts

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

Employees14/15 pts

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

Liquidity6/20 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

Going concern doubt: -10 pts

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

Going Concern Doubt

companies to enable the company to meet its liabilities as they fall due. The company's ability to meet its future working capital requirements and therefore its ability to continue as a going concern is dependent on its ability to generate sufficient revenues and free cash flows. Whilst inherently there is uncertainty in relation to the above matters, the director consider it appropriate for the

Key FinancialsYear ending 30/09/2025

Net Worth

-£11k

Balance sheet strength

Cash

£33k

Cash in the bank

Net Current Assets

-£79k

Working capital

Current Assets

£87k

Current Liabilities

£166k

Fixed Assets

£197k

Debtors

£40k

31avg. employees+30

Balance Sheet

Intangible assets£195k
Assets less current liabilities£118k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.52-£13k
20240.61-£28k
20231.08—

Derived from filed accounts. Not audited figures.