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Paul Simon Magic Group Holdings Ltd

14508887

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

MAGIC HOUSE 5-11 GREEN LANES, LONDON, N13 4TN
Incorporated 28/11/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Mario Michael

director · Since 28/11/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 6 other boards

Simon John Oliver

director · Since 28/11/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Persons with Significant Control

Simon John Oliver

Significant control

British · United Kingdom · Age 62

Magic House, 5-11 Green Lanes, London, N13 4TN

Notified 28/11/2022

Hartsfield Investments Uk Limited

25–50% shares

Magic House 5-11, Green Lanes, London, N13 4TN

Reg: 13036181 · Companies House · Private Limited Company

Notified 28/11/2022

Charges3 outstanding

Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 15/09/2023Registered 21/09/2023
Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 15/09/2023Registered 21/09/2023
Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 14/03/2023Registered 23/03/2023

CompanyRankvs 18932+ SIC 64209 peers
44

Financial strength88th percentile among SIC peers · 22/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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18932Paul Simon Magic Group Holdings Ltd
53
How is this score calculated?
Financial strength22/25 pts

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

Employees11/15 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.

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 30/09/2024

Net Worth

£1.2M

Balance sheet strength

Cash

£100k

Cash in the bank

Net Current Assets

-£40.6M

Working capital

Current Assets

£2.2M

Current Liabilities

£42.8M

Fixed Assets

£91.7M

Debtors

£2.2M

2avg. employees

Balance Sheet

Bank loans & overdrafts£49.8M
Assets less current liabilities£51.1M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.05+£690k
20230.04—

Derived from filed accounts. Not audited figures.