Magnet And Steel Properties Ltd
14060239
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/04/2022
DIRECTOR
BRITISH · UNITED KINGDOM · Age 31
Also on 2 other boards
Persons with Significant Control
Mr Samuel Black
British · United Kingdom · Age 31
C/O Jaccountancy, Maling Exchange, Hoults Yard, Newcastle Upon Tyne, NE6 2HL
Notified 21/04/2022
Charges2 outstanding
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CompanyRankvs 15096+ SIC 68201 peers15
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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 30/04/2025
Net Worth
-£63k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£85k
Working capital
Current Assets
£1k
Current Liabilities
£86k
Fixed Assets
£140k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.01 | -£43k |
| 2024 | 0.73 | -£69k |
| 2023 | 0.00 | — |
Derived from filed accounts. Not audited figures.