Mag Developments Sw Limited
14178628
Some Concerns
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/06/2022
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 3 other boards
director · Since 23/06/2025
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 1 other board
director · Since 23/06/2025
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 50
Also on 3 other boards
Persons with Significant Control
Mr Mark David Russell
British · England · Age 47
Highlands, Nursery Close, Plymouth, PL5 4QG
Notified 17/06/2022
CompanyRankvs 61440+ SIC 41100 peers37
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2025
Net Worth
-£365
Balance sheet strength
Cash
£532k
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
—
Current Liabilities
£854k
Fixed Assets
£41k
Debtors
£37k
EstimatesDerived
| Year | Implied Profit |
|---|---|
| 2024 | -£12k |
Derived from filed accounts. Not audited figures.