# MGM IT SOLUTIONS LTD (07273017)

> MGM IT SOLUTIONS LTD is an active private limited company (company number 07273017) incorporated on 3 June 2010, registered in Sutton Coldfield. Its registered activity is business and domestic software development (SIC 62012). Latest micro accounts cover the period ending 31 March 2025, showing net assets of −£6,830, with 2 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 299% on the prior period (£3,438).

- Status: Active
- Incorporated: 2010-06-03
- Registered office: Sutton Coldfield, B75 7QL
- SIC 62012: Business and domestic software development
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-06-17
- Accounts type: MICRO ENTITY

By net assets it sits in the bottom quarter of 1,282 comparable companies in Birmingham (median £585, upper quartile £26k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | −£6,830 | — | — | £51k | — | — | 2 |
| 2024-03-31 | £3,438 | — | — | £65k | — | — | 2 |

current ratio 0.87; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-6,830 at 31 March 2025
- Net assets down 25% or more on the prior period: -298.7% vs prior period
- Current assets below creditors within one year: Current ratio 0.87
- Incorporated five or more years ago: Incorporated 3 June 2010

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Samson Karnikoti — owns 50–75% of shares; holds 50–75% of voting rights; can appoint or remove directors, since 2016-07-01
- Mrs Sandhya Pilli — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors, since 2018-01-15

---
Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/07273017
HTML: https://firmoscan.com/company/07273017-mgm-it-solutions-ltd