Company Overview
Mgim Optical Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 08 March 2016, so this is a well established company. Mgim Optical Limited has been in business for 10 years. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Unit 317 India Mill Business Centre, Darwen, BB3 1AE
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Companies House Data
Company NameMGIM OPTICAL LIMITED
Company Number10049667
Registered Office AddressUnit 317 India Mill Business Centre
 BB3 1AE
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date08/03/2016
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date05/04/2017
Directors & Members
Show Resigned
Imran Hakim - Director
(British, 49 years old, born September 1977)
Appointed 30 September 2024
 Active
Ali-Raza Meghjee - Director
(British, 38 years old, born June 1988)
Appointed 08 March 2016
 Active
Sayyada Meghjee - Director
(British, 38 years old, born June 1988)
Appointed 04 July 2024
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Imran Hakim
ALMATT (CITY ROAD) LIMITED
ALMATT (DERBYSHIRE) LTD
ALMATT (DRONFIELD) LIMITED
ALMATT OPTICAL LIMITED
BUSH THE OPTICIANS LTD
CELIA VLISMAS LIMITED
CRONUS HOLDINGS LIMITED
EAR PLACE LIMITED
EVANS & JONES OPTICAL LIMITED
EYE PLACE (BAKEWELL) LTD
EYE PLACE (BELSIZE) LTD
EYE PLACE (DORE) LTD
EYE PLACE (FITZROVIA) LTD
EYE PLACE (FLEET STREET) LTD
EYE PLACE (SHOREDITCH) LTD
GERRY COWLEY LIMITED
HAKIM GROUP 2 LIMITED
HAKIM GROUP 3 LIMITED
HAKIM GROUP 4 LIMITED
HAKIM GROUP 6 LIMITED
HSH OPTICAL (OADBY) LIMITED
HSH OPTICAL (PETERBOROUGH) LIMITED
HSH OPTICAL (SYSTON AND LFE) LIMITED
JRG CARRINGTON LIMITED
MKO (S5) LTD
PENGUIN HOLDINGS LTD
PENGUIN OPTICAL LTD
PETERS OPTICAL (PROPCO) LIMITED
PG ALLDER (AMPTHILL) LIMITED
PG ALLDER (BARTON) LIMITED
PG ALLDER (BIGGLESWADE) LIMITED
PG ALLDER (DUNSTABLE) LIMITED
PG ALLDER (SANDY) LIMITED
SPECS OF KENSINGTON LIMITED
SUNHAY LIMITED
Ali-Raza Meghjee
MEGGA PROPERTIES LIMITED
SHM HEALTH & WELLBEING LTD
Sayyada Meghjee
CLEAR HEARING CARE LTD
MEGGA PROPERTIES LIMITED
SHM HEALTH & WELLBEING LTD
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Mar-2022 31-Mar-2021
Balance Sheet
Fixed Assets 91,527 91,527 126,837
Current Assets 138,287 138,287 137,607
Creditors Due Within One Year 109,869 109,869 115,418
Working Cap 28,418 28,418 22,189
Total Assets Less Current Liabilities 119,945 119,945 149,026
Long-term Liabilities 119,845 119,845 148,926
Net Assets 100 100 100
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 100 100 100
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Mar-2022 31-Mar-2021
Tangible Fixed Assets - - -
Fixed Assets 39.8% 39.8% 48.0%
Stocks Inventory - - -
Debtors 24.2% 24.2% 13.8%
Cash Bank In Hand 22.6% 22.6% 28.0%
Current Assets 60.2% 60.2% 52.0%
Creditors Due Within One Year 47.8% 47.8% 43.6%
Net Current Assets Liabilities 12.4% 12.4% 8.4%
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 0.0% 0.0% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities 52.2% 52.2% 56.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Mar-2022 31-Mar-2021
Liquidity Ratio 1.3 1.3 1.2
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 3
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Mar-2022 31-Mar-2021
Assets 229,814 229,814 264,444
Debt 229,714 229,714 264,344
Net Assets/Debt 100 100 100

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also 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
Other Business around BB3 1AE
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ADLAM AND COOMBER OPTOMETRISTS LIMITED
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Unit 317 India Mill Business Centre, Darwen, Lancashire, BB3 1AE
JAMES KIDNER OPTICIANS LIMITED
Unit 317 India Mill Business Centre, Darwen, BB3 1AE
MAKERFIELD OPTICAL LIMITED
UNIT 317 INDIA MILL BUSINESS CENTRE, BOLTON ROAD, DARWEN, LANCASHIRE, BB3 1AE
C.P.T. HOLDINGS LIMITED
Unit 317 India Mill Business Centre, Darwen, Lancashire, BB3 1AE
STOKERS OPTICAL LTD
UNIT 317 INDIA MILL BUSINESS CENTRE, BOLTON ROAD, DARWEN, LANCASHIRE, BB3 1AE
OLIVE ESTATES LIMITED
UNIT 317, INDIA MILL BUSINESS CENTRE, DARWEN, LANCASHIRE, BB3 1AE
Document Filings
Confirmation statement made on 7 November 2025 with updates
Consolidated accounts of parent company for subsidiary company period ending 31/12/24
Notice of agreement to exemption from audit of accounts for period ending 31/12/24
Audit exemption statement of guarantee by parent company for period ending 31/12/24
Previous accounting period shortened from 30 September 2025 to 31 December 2024
Previous accounting period extended from 31 March 2024 to 30 September 2024
Memorandum and Articles of Association
Resolutions
Particulars of variation of rights attached to shares
Change of share class name or designation
Confirmation statement made on 7 November 2024 with updates
Appointment of Mr Imran Hakim as a director on 30 September 2024
Notification of Megga Group Holdings Ltd as a person with significant control on 30 September 2024
Notification of Ho2 Management Limited as a person with significant control on 30 September 2024
Cessation of Sayyada Mehaboob Meghjee as a person with significant control on 30 September 2024
Cessation of Ali-Raza Mukhtar Meghjee as a person with significant control on 30 September 2024
Registered office address changed from 1 Ayleston Lane Wigston Magna Leicester Leicestershire LE18 1AB England to Unit 317 India Mill Business Centre Darwen BB3 1AE on 7 November 2024
Confirmation statement made on 17 September 2024 with updates
Confirmation statement made on 9 July 2024 with updates
Appointment of Mrs Sayyada Mehaboob Meghjee as a director on 4 July 2024
Notification of Sayyada Mehaboob Meghjee as a person with significant control on 4 July 2024
Cessation of Mazharali Nisar Gulamhusein as a person with significant control on 4 July 2024
Termination of appointment of Mazharali Nisar Gulamhusein as a director on 4 July 2024
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