Magna Construction I Ltd
13256965
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/03/2024
micro entity
Next accounts due
31/03/2026
Confirmation statement
Last: 19/07/2025
Due 02/08/2026
Industry
Officers
director · Since 10/03/2021
DIRECTOR
BRITISH · UNITED KINGDOM · Age 54
Also on 6 other boards
director · Since 19/07/2022
DIRECTOR
BRITISH · ENGLAND · Age 29
Also on 2 other boards
Persons with Significant Control
Mr Balihar Singh
British · England · Age 74
Holyhead, Holyhead, Ashbrooke Range, Sunderland, SR2 7TR
Notified 10/03/2021
Mr Herjit Singh
British · United Kingdom · Age 54
195, Darras Road, Newcastle Upon Tyne, NE20 9AF
Notified 10/03/2021
CompanyRankvs 41967+ SIC 41202 peers42
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2024
Net Worth
£20k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£20k
Working capital
Current Assets
£16k
Current Liabilities
£36k
Fixed Assets
£379
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.44 | +£32k |
| 2023 | 0.42 | -£5k |
| 2022 | 0.80 | — |
Derived from filed accounts. Not audited figures.