Company Overview
M.A.G.Engineering Company Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Monday 11 May 1970, so this is a well established company. M.A.G.Engineering Company Limited has been in business for 55 years and 11 months. The accounts status is micro entity and the accounts are next due on Monday 28 February 2022.
Registered Address

Bpo Insolvency Ltd, 37 Walter Road, Swansea, SA1 5NW
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Companies House Data
Company NameM.A.G.ENGINEERING COMPANY LIMITED
Company Number00979315
Registered Office AddressBpo Insolvency Ltd
 37 Walter Road
 SA1 5NW
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date11/05/1970
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date28/02/2022
Accounts Last Made Up Date31/05/2020
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date28/08/2016
Returns Last Made Up Date31/07/2015
Directors & Members
Show Resigned
Douglas Watson - Director
(British, 62 years old, born February 1964)
Appointed 15 December 2022
Active
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-May-2020 31-May-2019 31-May-2018
Balance Sheet
Fixed Assets 212,500 250,000 132,001
Current Assets 85,000 85,000 0
Creditors Due Within One Year 85,000 85,000 0
Working Cap 0 0 0
Total Assets Less Current Liabilities 212,500 250,000 132,001
Long-term Liabilities 85,000 85,000 0
Net Assets 127,500 165,000 132,001
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 127,500 165,000 132,001
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2020 31-May-2019 31-May-2018
Tangible Fixed Assets - - -
Fixed Assets 71.4% 74.6% 100.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 28.6% 25.4% 0.0%
Creditors Due Within One Year 28.6% 25.4% 0.0%
Net Current Assets Liabilities 0.0% 0.0% 0.0%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 42.9% 49.3% 100.0%
Capital Employed - - -
Total Assets Less Current Liabilities 71.4% 74.6% 100.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2020 31-May-2019 31-May-2018
Liquidity Ratio 1.0 1.0 0.0
Solvency Ratio 1.8 2.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 7
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 7
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2020 31-May-2019 31-May-2018
Assets 297,500 335,000 132,001
Debt 170,000 170,000 0
Net Assets/Debt 127,500 165,000 132,001
It is not clear that the company was actively trading prior to the latest financial data filed. Examination of the full accounts may provide further information. If the company remains active on the company register it may have traded in the period since the date of the latest filed accounts. A full credit report may provide information relating to trade payment history and county court or court judgments if any.
Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Notice to Registrar of Companies of Notice of disclaimer
Registered office address changed from Suite 174 Edgar Buildings 3 George Street Bath Banes BA1 2FJ England to Bpo Insolvency Ltd 37 Walter Road Swansea SA1 5NW on 3 June 2025
Appointment of a liquidator
Order of court to wind up
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Termination of appointment of Vanessa Jannie Watson as a director on 30 November 2022
Compulsory strike-off action has been discontinued
Confirmation statement made on 14 March 2024 with no updates
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Compulsory strike-off action has been discontinued
Confirmation statement made on 14 March 2023 with no updates
Appointment of Mr Douglas Philip Watson as a director on 15 December 2022
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Compulsory strike-off action has been discontinued
Confirmation statement made on 14 March 2022 with no updates
First Gazette notice for compulsory strike-off
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 14 March 2021 with no updates
Compulsory strike-off action has been discontinued

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