MGS LTD
Company number 05250332 · Active · Lancashire BB12 8JH
MGS LTD is an active private limited company (company number 05250332) incorporated on 5 October 2004, registered in Lancashire. Its registered activity is painting (SIC 43341). Latest micro accounts cover the period ending 31 October 2025, showing net assets of −£18k, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 6% on the prior period (−£17k).
By net assets it sits in the bottom quarter of 171 comparable companies in Lancashire (median £4,824, upper quartile £25k).
Key dates
- Incorporated
- 5 October 2004
- Next accounts due
- 31 July 2027 — in 282 days
- Confirmation statement due
- 19 October 2027 — in 362 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
Activity
- SIC 43341
- Painting
- Accounts type
- Micro Entity
- Size band
- Micro (Companies Act thresholds)
Financials — 2 periods on record, latest ending 31 October 2025
| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 October 2025 | −£18k | — | — | £23k | — | — | 1 |
| 31 October 2024 | −£17k | — | — | £22k | — | — | 1 |
- Current ratio
- 0.07 — current liabilities exceed current assets
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing; micro-entity accounts contain no profit and loss account.
Firmoscan score: 35/100 (grade D)
- -15 Negative net assets — Net assets £-17,956 at 2025-10-31
- -8 Current liabilities exceed current assets — Current ratio 0.07
- +8 Established — Incorporated 2004-10-05 (22 years)
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice.
Ownership and control
- Mr Mark Goodwin — owns 75–100% of shares · since 1 July 2016
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
Similar companies in Lancashire
Same activity (painting), closest in incorporation date.
- FARLEY DECORATORS LIMITED — Preston, inc. Sept 2004
- BIRKDALE DECORATORS LIMITED — Merseyside, inc. Sept 2004
- FRANK HOLMES LIMITED — Lancaster, inc. Mar 2005
- LEAD SOLUTIONS LIMITED — Blackpool, inc. May 2005
- BILL HOLGATE & SON LIMITED — Barrow Clitheroe, inc. Dec 2003
- FINISHING FIRST (UK) LTD — Burnley, inc. Aug 2005
Reminders for MGS LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.