Magic Ring Limited
13831965
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Tsz Tat Wong
Hong Konger · Hong Kong · Age 42
Flat 3205, Blade Tower, 15 Silvercroft Street, Manchester, M15 4YU
Notified 06/01/2022
Charges2 outstanding
THE BANK OF EAST ASIA LIMITED
THE BANK OF EAST ASIA LIMITED
CompanyRankvs 172766+ SIC 68100 peers16
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
-£32k
Balance sheet strength
Cash
£278
Cash in the bank
Net Current Assets
-£162k
Working capital
Current Assets
£288
Current Liabilities
£163k
Fixed Assets
£361k
Debtors
£10
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.00 | -£21k |
| 2023 | 0.87 | -£5k |
| 2022 | 0.93 | — |
Derived from filed accounts. Not audited figures.