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Mag Industrial Laundry Equipment Ltd

14542894

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

BARNARD BUILDINGS, BRADFORD, BD4 7EA
Incorporated 15/12/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46690
Wholesale of other machinery and equipment

Officers

Mr Kieron Kendell

director · Since 15/12/2022

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 8 other boards

Persons with Significant Control

Mag Group Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Mag House, Chatham Street, Halifax, HX1 5BU

Reg: 12324320 · England & Wales · Limited Compnay

Notified 15/12/2022

CompanyRankvs 3183+ SIC 46690 peers
40

Financial strength24th percentile among SIC peers · 6/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.98× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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3183Mag Industrial Laundry Equipment Ltd
35
How is this score calculated?
Financial strength6/25 pts

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

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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 31/12/2025

Net Worth

£100

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£3k

Working capital

Current Assets

£108k

Current Liabilities

£111k

Debtors

£19k

2avg. employees

Tax at Year End(2023)

Corp tax£1k

Balance Sheet

Assets less current liabilities-£3k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.98
20241.05
20231.39

Derived from filed accounts. Not audited figures.