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Mgd Engineering Ltd

14244128

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

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

Details

C/O D & K ACCOUNTANCY SERVICES LIMITED SOLAR HOUSE, LONDON, N12 8QJ
Incorporated 19/07/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mrs Fionnuala Bridget Durkan

secretary · Since 19/07/2022

Mr Mark Gerard Durkan

director · Since 19/07/2022

MANAGING DIRECTOR/ELECTRICAL ENGINEER

IRISH · ENGLAND · Age 45

Also on 1 other board

Persons with Significant Control

Mr Mark Gerard Durkan

25–50% shares
25–50% votes
Appoint directors

Irish · England · Age 45

C/O D & K Accountancy Services Limited, Solar House, London, N12 8QJ

Notified 19/07/2022

Mrs Fionnuala Bridget Durkan

25–50% shares
25–50% votes
Appoint directors

Irish · England · Age 48

C/O D & K Accountancy Services Limited, Solar House, London, N12 8QJ

Notified 19/07/2022

CompanyRankvs 12020+ SIC 71129 peers
54

Financial strength91th percentile among SIC peers · 23/25
Employees65th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

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

Employees10/15 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.

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 31/07/2025

Net Worth

£224k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£79k

Working capital

Current Assets

£4k

Current Liabilities

£83k

Fixed Assets

£303k

Debtors

£58

2avg. employees

Tax at Year End

Corp tax£10k
VAT£6k

Director Loans

Company owes directors£140

Balance Sheet

Assets less current liabilities£224k
Signed by Mr Mark Durkan 27/03/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20250.04+£168k£125k
20240.65+£27k£86k
20232.45—£81k

Derived from filed accounts. Not audited figures.