MG Electrical Ltd
MG Electrical Ltd is an active company incorporated on 12 July 2021 with the registered office located in Motherwell, Lanarkshire. MG Electrical Ltd was registered 4 years ago.
Status
Active
Active since incorporation
Active proposal to strike off
Company No
SC703916
Private limited company
Scottish Company
Age
4 years
Incorporated 12 July 2021
Size
Micro
Turnover is under £1M
Balance sheet is under £500,000
Under 10 employees
Confirmation
Overdue
Confirmation statement overdue by 192 days
Dated 11 July 2024 (1 year 6 months ago)
Next confirmation dated 11 July 2025
Was due on 25 July 2025 (6 months ago)
No changes occurred since incorporation
Accounts
Overdue
Accounts overdue by 199 days
For period 1 Aug ⟶ 31 Jul 2023 (12 months)
Accounts type is Total Exemption Full
Next accounts for period 18 October 2024
Was due on 18 July 2025 (6 months ago)
Shareholders, PSCs & Group Structure
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Financials
Net Assets, Total Assets & Total Liabilities (2022–2023)
Period Ended
31 Jul 2023
For period 31 Jul ⟶ 31 Jul 2023
Traded for 12 months
Cash in Bank
£20.24K
Increased by £18.25K (+918%)
Turnover
Unreported
Same as previous period
Employees
3
Increased by 1 (+50%)
Total Assets
£43.73K
Increased by £18.29K (+72%)
Total Liabilities
-£43.63K
Increased by £25.76K (+144%)
Net Assets
£102
Decreased by £7.47K (-99%)
Debt Ratio (%)
100%
Increased by 29.52% (+42%)
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Repayment History
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