Magic River Limited
15058620
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Tsz Tat Wong
Hong Konger · Hong Kong · Age 42
128, City Road, London, EC1V 2NX
Notified 08/08/2023
Charges2 outstanding
BANK OF EAST ASIA LIMITED
THE BANK OF EAST ASIA LIMITED
CompanyRankvs 174518+ SIC 68100 peers21
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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 31/12/2024
Net Worth
-£15k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£15k
Working capital
Current Assets
£75k
Current Liabilities
£90k
Debtors
£75k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.83 | -£8k |
| 2023 | 0.91 | — |
Derived from filed accounts. Not audited figures.