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Mg Tech Solutions Limited

15746150

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

128 CITY ROAD, LONDON, EC1V 2NX
Incorporated 28/05/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet

Officers

Mr Oladapo Daniel Meshioye

director · Since 28/05/2024

COMPANY DIRECTOR

NIGERIAN · ENGLAND · Age 33

Also on 5 other boards

Persons with Significant Control

Mr Oladapo Daniel Meshioye

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

Nigerian · England · Age 33

128, City Road, London, EC1V 2NX

Notified 28/05/2024

CompanyRankvs 55029+ SIC 47910 peers
36

Financial strength58th percentile among SIC peers · 14/25
Employees21th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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55029Mg Tech Solutions Limited
37
How is this score calculated?
Financial strength14/25 pts

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

Employees3/15 pts

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

Liquidity2/20 pts

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

Longevity2/15 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 31/05/2025

Net Worth

£335

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£336

Working capital

Current Assets

£14

Current Liabilities

£350

0avg. employees

Balance Sheet

Assets less current liabilities£335
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20250.04

Derived from filed accounts. Not audited figures.