−£41k
vs Aug 202401
Summary
MG COMMERCE LTD is an active private limited company (company number 12791883) incorporated on 4 August 2020, registered in London. Its registered activity is other retail sale not in stores, stalls or markets (SIC 47990). Latest micro accounts cover the period ending 31 August 2025, showing net assets of −£41k, with 0 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 34% on the prior period (−£31k). Across the last 3 periods on record the net-asset trend is volatile.
Peer position · net assets
By net assets it sits in the bottom quarter of 3,298 comparable companies in London (median £100, upper quartile £8,088).
02
Key dates
- Incorporated
- 4 August 20206 yrs ago
- Next accounts due
- 31 May 2027in 221 days
- Confirmation statement due
- 18 August 2027in 300 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
03
Activity
- SIC 47990
- Other retail sale not in stores, stalls or markets
- Accounts type
- Micro Entity
- Size band
- MicroCompanies Act thresholds
04
Financials
Not reported
Not disclosed
0
vs Aug 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 August 2025 | −£41k | — | — | £49k | — | — | 0 |
| 31 August 2024 | −£31k | — | — | £21k | — | — | 0 |
| 31 August 2023 | −£32k | — | — | £21k | — | — | 0 |
Current ratio0.17Current 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.
05
Firmoscan score
32 / 100 · grade E
| 50 | Starting scoreEvery scored company starts here |
| −15 | Negative net assetsNet assets £-41,317 at 2025-08-31 |
| −8 | Net assets falling-33.5% vs prior period |
| −8 | Current liabilities exceed current assetsCurrent ratio 0.17 |
| +5 | Multi-year filing history3 periods on record |
| +8 | EstablishedIncorporated 2020-08-04 (6 years) |
| 32 | Score, grade E |
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice. How the score is computed.
06
Ownership and control
- Mr Manjul Ganatra
- owns 75–100% of shares
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
07
Timeline
- Confirmation statement duein 300 days
- Next accounts duein 221 days
- Accounts period endNet liabilities £41k · micro accounts
- Accounts period endNet liabilities £31k · micro accounts
- Accounts period endNet liabilities £32k · micro accounts
- Incorporated
08
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All companies incorporated on 4 August 2020 · in Aug 2020.
09
Reminders for MG COMMERCE LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.