Orange Magic Ltd
13094624
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 22/12/2020
ENGINEER
BRITISH · UNITED KINGDOM · Age 58
Also on 2 other boards
Persons with Significant Control
Mr Kevan Whitbread
British · England · Age 58
Atbs House, London Road, Beccles, NR34 8TS
Notified 22/12/2020
Charges3 outstanding
EASTERN CREDIT LIMITED
EASTERN CREDIT LIMITED
EASTERN CREDIT LIMITED
CompanyRankvs 3891+ SIC 55209 peers41
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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 31/12/2024
Net Worth
-£5k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£137k
Working capital
Current Assets
£309k
Current Liabilities
£172k
Fixed Assets
£95k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.80 | +£15k |
| 2023 | 2.51 | -£15k |
| 2021 | 1.54 | — |
Derived from filed accounts. Not audited figures.