Company Overview
Magnazen Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 13 July 2018, so this is a well established company. Magnazen Ltd has been in business for 7 years and 8 months. The accounts status is total exemption full and the accounts are next due on Saturday 31 December 2022.
Registered Address

The Cube, Haverton Hill Road, Billingham, TS23 1PY
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Companies House Data
Company NameMAGNAZEN LTD
Company Number11463109
Registered Office AddressThe Cube
 Haverton Hill Road
 TS23 1PY
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date13/07/2018
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date31/12/2022
Accounts Last Made Up Date31/12/2020
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date10/08/2019
Directors & Members
Show Resigned
Dumitru Samuel - Director
(Romanian, 36 years old, born December 1990)
Appointed 02 November 2022
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Dumitru Samuel
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2020 31-Dec-2019
Balance Sheet
Fixed Assets 10,836 3,443
Current Assets 50,762 42,882
Creditors Due Within One Year 2,764 7,399
Working Cap 47,998 35,483
Total Assets Less Current Liabilities 58,834 38,926
Long-term Liabilities 57,210 37,717
Net Assets 1,624 1,209
Share Capital & Reserves
Share Cap - -
Profit & Loss Reserves - -
Other Reserves - -
Shareholders Funds 1,624 1,209
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2020 31-Dec-2019
Tangible Fixed Assets - -
Fixed Assets 17.6% 7.4%
Stocks Inventory - -
Debtors 81.9% -
Cash Bank In Hand 0.5% 92.6%
Current Assets 82.4% 92.6%
Creditors Due Within One Year 4.5% 16.0%
Net Current Assets Liabilities 77.9% 76.6%
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 2.6% 2.6%
Capital Employed - -
Total Assets Less Current Liabilities 95.5% 84.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2020 31-Dec-2019
Liquidity Ratio 18.4 5.8
Solvency Ratio 1.0 1.0
Reserves to Assets - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2020 31-Dec-2019
Assets 61,598 46,325
Debt 59,974 45,116
Net Assets/Debt 1,624 1,209
The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest 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 latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest 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 latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest 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 latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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
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Document Filings
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Confirmation statement made on 1 February 2023 with updates
Notification of Samuel Dumitru as a person with significant control on 2 November 2022
Termination of appointment of Mohammad Sharif as a director on 2 November 2022
Cessation of Mohammad Sharif as a person with significant control on 2 November 2022
Appointment of Mr Dumitru Samuel as a director on 2 November 2022
Registered office address changed from 71-75 Shelton Street Covent Garden London WC2H 9JQ England to The Cube Haverton Hill Road Billingham TS23 1PY on 1 February 2023
Confirmation statement made on 6 May 2022 with updates
Confirmation statement made on 1 December 2021 with updates
Amended total exemption full accounts made up to 31 December 2020
Confirmation statement made on 1 December 2020 with updates
Confirmation statement made on 12 July 2020 with no updates
Confirmation statement made on 12 July 2019 with no updates
Current accounting period extended from 31 July 2019 to 31 December 2019
Incorporation
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