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Mpm Development Ltd

13751018

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

86-90 PAUL STREET, LONDON, EC2A 4NE
Incorporated 18/11/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings
68100
Buying and selling of own real estate

Officers

Mr Gari Magalov

director · Since 18/11/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 44

Also on 1 other board

Persons with Significant Control

Mr Gari Magalov

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

British · United Kingdom · Age 44

86-90, Paul Street, London, EC2A 4NE

Notified 18/11/2021

Former PSCs

Mr Sebastian Lawrence Power

Ceased 09/11/2023

Mr Luka Maghalov

Ceased 09/11/2023

CompanyRankvs 59113+ SIC 41202 peers
20

Financial strength10th percentile among SIC peers · 3/25
Employees32th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength3/25 pts

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

Employees5/15 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

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern

Key FinancialsYear ending 30/11/2024

Net Worth

-£15k

Balance sheet strength

Cash

£11

Cash in the bank

Net Current Assets

-£15k

Working capital

Current Assets

£11

Current Liabilities

£15k

1avg. employees

Director Loans

Company owes directors£7k

Balance Sheet

Assets less current liabilities-£15k
Signed by Gari Magalov 9 May 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.00-£3k
20230.13—
20220.98—

Derived from filed accounts. Not audited figures.