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Magnesium Medical Ltd

14634598

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

THE ACCOUNTANCY PARTNERSHIP, WIRRAL, CH41 5FE
Incorporated 02/02/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

86220
Specialist medical practice activities

Officers

Wendy Knoops

director · Since 02/02/2023

DIRECTOR

BRITISH · SCOTLAND · Age 49

Michael Leggate

director · Since 02/02/2023

DIRECTOR

BRITISH · SCOTLAND · Age 47

Persons with Significant Control

Wendy Knoops

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

British · Scotland · Age 49

The Accountancy Partnership, 70 Grange Road East, Wirral, CH41 5FE

Notified 02/02/2023

Michael Leggate

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

British · Scotland · Age 47

The Accountancy Partnership, 70 Grange Road East, Wirral, CH41 5FE

Notified 02/02/2023

CompanyRankvs 23689+ SIC 86220 peers
32

Financial strength6th percentile among SIC peers · 2/25
Employees32th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.72× · 6/20
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 strength2/25 pts

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

Employees5/15 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 09/07/2026

Net Worth

-£5k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£5k

Working capital

Current Assets

£12k

Current Liabilities

£16k

Fixed Assets

£818

1avg. employees

Balance Sheet

Assets less current liabilities-£5k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20260.72+£5k
20250.44-£5k
20240.57—

Derived from filed accounts. Not audited figures.