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Mag Rental Ltd

13646711

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

C/O MJ EVANS & CO UNIT D MINERVA WAY, NEWTON ABBOT, TQ12 4PJ
Incorporated 28/09/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Gavin Martin Teague

director · Since 28/09/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 40

Also on 1 other board

Persons with Significant Control

Mr Martin Teague

75–100% shares
75–100% votes

British · United Kingdom · Age 62

The Dutch Barn, Dawlish Road, Exeter, EX2 8XW

Notified 28/09/2021

Charges1 outstanding

Charge
outstanding

ONESAVINGS BANK PLC TRADING AS KENT RELIANCE

Created 31/03/2022Registered 07/04/2022

CompanyRankvs 282692+ SIC 68209 peers
17

Financial strength18th percentile among SIC peers · 5/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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282692Mag Rental Ltd
26
How is this score calculated?
Financial strength5/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity5/15 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.

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 28/02/2025

Net Worth

-£5k

Balance sheet strength

Cash

£7

Cash in the bank

Net Current Assets

-£1k

Working capital

Current Assets

£7

Current Liabilities

£1k

Fixed Assets

£270k

Balance Sheet

Assets less current liabilities£269k
Signed by Mr Gavin Teague 19 November 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.01-£891
20240.03-£1k
20230.48—

Derived from filed accounts. Not audited figures.