Mgh Corporation Limited
13322603
Notable Risks
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 7 outstanding charges (-10)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 07/04/2026
Due 21/04/2027
Industry
Officers
secretary · Since 08/04/2021
director · Since 08/04/2021
DIRECTOR
BRITISH · ENGLAND · Age 68
Also on 8 other boards
Persons with Significant Control
Michael Joseph Heler
British · United Kingdom · Age 68
Laurels Farm, Hatherton, Nantwich, CW5 7PE
Notified 08/04/2021
Mr George Joseph Heler
British · England · Age 38
Laurels Farm, Hatherton, Nantwich, CW5 7PE
Notified 22/06/2021
Charges7 outstanding
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
NATIONAL WESTMINSTER BANK PLC
GEORGE JOSEPH HELER · MICHAEL JOSEPH HELER
NATIONAL WESTMINSTER BANK PLC
RBS INVOICE FINANCE LIMITED
LOMBARD NORTH CENTRAL PLC
CompanyRankvs 22234+ SIC 64209 peers30
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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
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£29.2M
Balance sheet strength
Cash
£2.1M
Cash in the bank
Net Current Assets
-£7.6M
Working capital
Current Assets
£154k
Current Liabilities
£7.7M
Fixed Assets
£16.9M
Debtors
£154k
Cost of Sales
£158.1M
Admin Expenses
£9.0M
Profit After Tax
£4.4M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.02 | +£64.5M |
| 2023 | 0.13 | — |
Derived from filed accounts. Not audited figures.