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Mg Glass Installation Limited

13690926

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

6 PAYNE CLOSE, BARKING, IG11 9PL
Incorporated 20/10/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43342
Glazing

Officers

Mr Marius Ion Gheorghe

director · Since 20/10/2021

COMPANY DIRECTOR

ROMANIAN · ENGLAND · Age 50

Persons with Significant Control

Mr Marius Ion Gheorghe

75–100% shares
75–100% votes
Appoint directors

Romanian · England · Age 50

6, Payne Close, Barking, IG11 9PL

Notified 20/10/2021

CompanyRankvs 5921+ SIC 43342 peers
26

Financial strength3th percentile among SIC peers · 1/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.2× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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5921Mg Glass Installation Limited
25
How is this score calculated?
Financial strength1/25 pts

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

Employees3/15 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.

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

-£52k

Balance sheet strength

Cash

£13k

Cash in the bank

Net Current Assets

-£53k

Working capital

Current Assets

£13k

Current Liabilities

£66k

Fixed Assets

£468

Debtors

£47k

1avg. employees+1
Prepared with v2026.27.1 limited_company_frs_102_section_1a_v1_1_3 companies_house

EstimatesDerived

YearCurrent RatioImplied Profit
20250.20-£34k
20240.76-£100k
20231.57—

Derived from filed accounts. Not audited figures.