Back to search

Mg Foods Ltd

15064389

active
Private Limited Company
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

UNIT 6, WALSALL, WS2 8AU
Incorporated 11/08/2023

Compliance

Last accounts

31/08/2024

micro entity

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 10/08/2025

Due 24/08/2026

On track

Industry

47240
Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores

Officers

Mrs Gurpreet Kaur Jhand

director · Since 11/08/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 41

Persons with Significant Control

Mrs Gurpreet Kaur Jhand

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

British · England · Age 41

Unit 6, North Street, Walsall, WS2 8AU

Notified 11/08/2023

CompanyRankvs 1261+ SIC 47240 peers
61

Financial strength84th percentile among SIC peers · 21/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 1.17× · 12/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
How is this score calculated?
Financial strength21/25 pts

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

Employees10/15 pts

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

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity3/15 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 30/09/2025

Net Worth

£56k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£13k

Working capital

Current Assets

£93k

Current Liabilities

£80k

Fixed Assets

£43k

5avg. employees+1

Balance Sheet

Assets less current liabilities£56k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20251.17+£43k
20241.21

Derived from filed accounts. Not audited figures.