Mag Residential Ltd
12968586
Some Concerns
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/10/2024
micro entity
Next accounts due
31/07/2026
Confirmation statement
Last: 21/10/2025
Due 04/11/2026
Industry
Officers
Persons with Significant Control
Mr Umar Farooq
British · England · Age 49
1016, Stockport Road, Manchester, M19 3WN
Notified 22/10/2020
Charges3 outstanding
ALDERMORE BANK PLC
ALDERMORE BANK PLC
CHARTER COURT FINANCIAL SERVICES LIMITED
CompanyRankvs 88267+ SIC 68100 peers34
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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.
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 31/10/2025
Net Worth
£51k
Balance sheet strength
Cash
£7k
Cash in the bank
Net Current Assets
-£35k
Working capital
Current Assets
—
Current Liabilities
£42k
Fixed Assets
£275k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | +£4k |
| 2024 | 0.02 | +£45k |
| 2023 | 5.62 | — |
Derived from filed accounts. Not audited figures.