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Mga Software Solutions Ltd

15935367

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

47 SUNDERLAND PLACE, BEDFORD, MK42 0FE
Incorporated 04/09/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Matthew Geoffrey Annetts

director · Since 04/09/2024

SOFTWARE ENGINEER

AUSTRALIAN · ENGLAND · Age 38

Also on 2 other boards

Mrs Monica Alexandra Spycher-Annetts

director · Since 12/09/2025

DIRECTOR

SWISS · ENGLAND · Age 36

Also on 2 other boards

Persons with Significant Control

Sumsa Ltd

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

47, Sunderland Place, Bedford, MK42 0FE

Reg: 16737430 · Register Of Companies · Limited Company

Notified 29/09/2025

Former PSCs

Mr Matthew Geoffrey Annetts

Ceased 29/09/2025

Mrs Monica Alexandra Spycher-Annetts

Ceased 29/09/2025

CompanyRankvs 34283+ SIC 62020 peers
54

Financial strength64th percentile among SIC peers · 16/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 2.49× · 20/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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34283Mga Software Solutions Ltd
63
How is this score calculated?
Financial strength16/25 pts

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

Employees11/15 pts

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

Liquidity20/20 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.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company

Key FinancialsYear ending 30/09/2025

Net Worth

£14k

Balance sheet strength

Cash

£22k

Cash in the bank

Net Current Assets

£13k

Working capital

Current Assets

£22k

Current Liabilities

£9k

Fixed Assets

£611

Debtors

£115

2avg. employees

Balance Sheet

Assets less current liabilities£14k
Signed by Mr M Annetts,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.49+£0
20252.49—

Derived from filed accounts. Not audited figures.