# BY MAGS LTD (15574798)

> BY MAGS LTD is an active private limited company (company number 15574798) incorporated on 18 March 2024, registered in Salford. Its registered activity is wholesale of perfume and cosmetics (SIC 46450). Latest micro accounts cover the period ending 31 March 2025, showing net assets of £8,447, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public.

- Status: Active
- Incorporated: 2024-03-18
- Registered office: Salford, M7 1BP
- SIC 46450: Wholesale of perfume and cosmetics
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-04-01
- Accounts type: MICRO ENTITY

By net assets it sits in the upper half of 223 comparable companies in Manchester (median £450, upper quartile £18k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | £8,447 | — | — | £53 | — | — | 1 |

current ratio 84.91; size band micro.

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

- Net assets above zero: Net assets £8,447 at 31 March 2025
- Current assets at least 1.5× creditors within one year: Current ratio 84.91
- Incorporated two to five years ago: Incorporated 18 March 2024

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

## Persons with significant control

- Miss Margaret Iyinoluwa Onabanjo — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2024-03-18

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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/15574798
HTML: https://firmoscan.com/company/15574798-by-mags-ltd