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Magneto It Solutions Uk Ltd

13912888

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

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

Details

DOCK SPACE CITY, LEICESTER, LE4 5NU
Incorporated 14/02/2022

Compliance

Last accounts

31/03/2025

micro entity

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 13/02/2026

Due 27/02/2027

On track

Industry

62020
Information technology consultancy activities

Officers

Mr Ronak Harilal Meghani

director · Since 14/02/2022

DIRECTOR

INDIAN · INDIA · Age 39

Mr Pritesh Vegad

director · Since 14/02/2022

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 5 other boards

Persons with Significant Control

Mr Pritesh Vegad

Significant control

British · England · Age 45

Unit 3, 5, Knights Close, Leicester, LE4 8EW

Notified 14/02/2022

CompanyRankvs 49984+ SIC 62020 peers
59

Financial strength76th percentile among SIC peers · 19/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 1.87× · 16/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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49984Magneto It Solutions Uk Ltd
55
How is this score calculated?
Financial strength19/25 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.

Liquidity16/20 pts

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

Longevity4/15 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 31/03/2025

Net Worth

£37k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£48k

Working capital

Current Assets

£103k

Current Liabilities

£55k

Fixed Assets

£884

1avg. employees

Balance Sheet

Assets less current liabilities£49k
Signed by Mr Pritesh Vegad 23/12/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.87+£19k
20241.84+£7k
20231.41—

Derived from filed accounts. Not audited figures.