# MAGINESS PROPERTY DEVELOPMENT LIMITED (SC654531)

> MAGINESS PROPERTY DEVELOPMENT LIMITED is an active (proposal to strike off) private limited company (company number SC654531) incorporated on 13 February 2020, registered in Glasgow. Its registered activity is other building completion and finishing (SIC 43390). Latest micro accounts cover the period ending 27 February 2025, showing net assets of £30k, with 4 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets rose 20% on the prior period (£25k).

- Status: Active - Proposal to Strike off
- Incorporated: 2020-02-13
- Registered office: Glasgow, G5 0PD
- SIC 43390: Other building completion and finishing
- SIC 68209: Other letting and operating of own or leased real estate
- Next accounts due: 2026-11-27
- Confirmation statement due: 2027-02-27
- Accounts type: MICRO ENTITY

By net assets it sits in the upper half of 388 comparable companies in Glasgow (median £3,669, upper quartile £43k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-02-27 | £30k | — | — | £9,763 | — | — | 4 |
| 2024-02-27 | £25k | — | — | £4,480 | — | — | 4 |

current ratio 2.17; size band micro.

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

- Net assets above zero: Net assets £30,196 at 27 February 2025
- Net assets up 10% or more on the prior period: +20.3% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 2.17
- Incorporated five or more years ago: Incorporated 13 February 2020
- Register status is not Active: Active - Proposal to Strike off

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

## Persons with significant control

- null (persons-with-significant-control-statement) — , since 2020-02-13

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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/SC654531
HTML: https://firmoscan.com/company/SC654531-maginess-property-development-limited