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Magicorange Group Limited

12805411

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

CANNON PLACE, LONDON, EC4N 6AF
Incorporated 11/08/2020

Compliance

Last accounts

31/03/2025

group

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 25/09/2025

Due 09/10/2026

On track

Industry

62012
Business and domestic software development
62020
Information technology consultancy activities

Officers

Mr David Timothy Harding

director · Since 11/08/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 1 other board

Mr Greg Louis Guye

director · Since 12/11/2021

CHIEF PRODUCT OFFICER

SOUTH AFRICAN · SOUTH AFRICA · Age 58

Mr Thijs Nicolaas Schouten

director · Since 18/01/2022

FINANCIER

DUTCH · NETHERLANDS · Age 32

Mr Richard Bolton

director · Since 07/11/2023

DIRECTOR

BRITISH · ENGLAND · Age 36

Also on 1 other board

Mrs Anne Marie Grim

director · Since 01/08/2024

DIRECTOR

BRITISH,AMERICAN · UNITED STATES · Age 65

Mr Mark Charles Bilbe

director · Since 19/12/2024

DIRECTOR

AMERICAN · UNITED STATES · Age 51

Also on 2 other boards

Mr Hilmar Eggertsson

director · Since 30/01/2025

DIRECTOR

LUXEMBOURGER · ENGLAND · Age 31

Also on 1 other board

Persons with Significant Control

Former PSCs

Mr David Timothy Harding

Ceased 26/08/2021

CompanyRankvs 3718+ SIC 62012 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.96× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength25/25 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.

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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

£4.2M

Balance sheet strength

Cash

£102k

Cash in the bank

Net Current Assets

£1.7M

Working capital

Current Assets

£2.5M

Current Liabilities

£855k

Fixed Assets

£2.5M

Debtors

£2.4M

Profit After Tax

-£2.9M

9avg. employees+3

People Costs(2024)

Wages & salaries£823k
NI contributions£10k

Balance Sheet

Intangible assets£80k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20252.96-£2.7M
202411.19+£3.5M
202329.60+£878k
20220.80+£2.6M
20210.04

Derived from filed accounts. Not audited figures.