Mag Developments (London) Ltd
14764785
Some Concerns
- 5 outstanding charges (-10)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 22/01/2026
Due 05/02/2027
Industry
Officers
director · Since 28/03/2023
DIRECTOR
BRITISH · UNITED KINGDOM · Age 72
Also on 6 other boards
Persons with Significant Control
Syed Manzar Abbas Naqvi
British · United Kingdom · Age 72
23a, Dudden Hill Lane, London, NW10 2ET
Notified 28/03/2023
Charges5 outstanding
THE MORTGAGE WORKS (UK) PLC
PARATUS AMC LIMITED
THE MORTGAGE WORKS (UK) PLC
NOTTINGHAM BUILDING SOCIETY
THE MORTGAGE WORKS (UK) PLC
CompanyRankvs 80304+ SIC 68100 peers35
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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.
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 31/03/2025
Net Worth
£856k
Balance sheet strength
Cash
£13k
Cash in the bank
Net Current Assets
-£182k
Working capital
Current Assets
—
Current Liabilities
£195k
Fixed Assets
£3.0M
Balance Sheet
EstimatesDerived
| Year | Implied Profit |
|---|---|
| 2025 | +£860k |
Derived from filed accounts. Not audited figures.