Company Overview
Titan Mgl Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Wednesday 28 October 1998, so this is a well established company. Titan Mgl Limited has been in business for 27 years and 5 months. The accounts status is full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

C/O Begbies Traynor (London) Llp 31St Floor, 40 Bank Street, London, E14 5NR
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Companies House Data
Company NameTITAN MGL LIMITED
Company Number03657564
Registered Office AddressC/O Begbies Traynor (London) Llp 31st Floor
 40 Bank Street
 E14 5NR
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date28/10/1998
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryFULL
Returns Next Due Date25/11/2016
Returns Last Made Up Date28/10/2015
Previous Company NameChanged Date
METTIS GROUP LIMITED03 Sep 2025
Directors & Members
Show Resigned
Michael Dussinger - Director
(American, 49 years old, born August 1977)
Appointed 16 December 2023
Active
Stephen Hammell - Director
(British, 53 years old, born July 1973)
Appointed 16 December 2024
Active
Philip O'leary - Director
(Irish, 41 years old, born March 1985)
Appointed 16 December 2023
Active
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2012 31-Mar-2011
Balance Sheet
Fixed Assets 17,506,000 17,506,000 17,406,000
Current Assets 25,491,000 25,491,000 23,746,000
Creditors Due Within One Year 24,176,000 24,176,000 22,347,000
Working Cap 1,315,000 1,315,000 1,399,000
Total Assets Less Current Liabilities 18,821,000 18,821,000 18,805,000
Long-term Liabilities 5,116,000 5,116,000 2,466,000
Net Assets 13,705,000 13,705,000 16,339,000
Share Capital & Reserves
Share Cap 17,946,000 17,946,000 17,947,000
Profit & Loss Reserves -62,020,000 -62,020,000 -59,387,000
Other Reserves 57,779,000 57,779,000 57,779,000
Shareholders Funds 13,705,000 13,705,000 16,339,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2012 31-Mar-2011
Tangible Fixed Assets - - -
Fixed Assets 40.7% 40.7% 42.3%
Stocks Inventory 21.8% 21.8% 18.4%
Debtors 33.7% 33.7% 34.6%
Cash Bank In Hand 3.8% 3.8% 4.7%
Current Assets 59.3% 59.3% 57.7%
Creditors Due Within One Year 56.2% 56.2% 54.3%
Net Current Assets Liabilities 3.1% 3.1% 3.4%
Creditors Due After One Year 1.5% 1.5% 1.6%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 31.9% 31.9% 39.7%
Called Up Share Capital 41.7% 41.7% 43.6%
Share Capital Allotted Called Up Paid 41.7% 41.7% 43.6%
Profit Loss Account Reserve -144.2% -144.2% -144.3%
Shareholder Funds 31.9% 31.9% 39.7%
Capital Employed - - -
Total Assets Less Current Liabilities 43.8% 43.8% 45.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2012 31-Mar-2011
Liquidity Ratio 1.1 1.1 1.1
Solvency Ratio 1.5 1.5 1.7
Reserves to Assets -1.4 -1.4 -1.4
Secured Creditors Unlock full report
Mortgages Charges 20
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 18
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2012 31-Mar-2011
Assets 42,997,000 42,997,000 41,152,000
Debt 29,292,000 29,292,000 24,813,000
Net Assets/Debt 13,705,000 13,705,000 16,339,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Registered office address changed from Windsor Road Redditch Worcestershire B97 6EF to C/O Begbies Traynor (London) Llp 31st Floor 40 Bank Street London E14 5NR on 29 September 2025
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Certificate of change of name
Registration of charge 036575640020, created on 16 April 2025
Termination of appointment of Christopher Edward Alan Dobbins as a director on 4 April 2025
Termination of appointment of Jonathan Lister Heathcote as a director on 4 April 2025
Termination of appointment of Adam Matthew Glazzard as a director on 28 March 2025
Termination of appointment of Adam Matthew Glazzard as a secretary on 28 March 2025
Termination of appointment of David John Smith as a director on 25 March 2025
Appointment of Mr Stephen John Hammell as a director on 16 December 2024
Confirmation statement made on 28 October 2024 with no updates
Appointment of Mr Martin Brian Varley Whittaker as a director on 17 June 2024
Termination of appointment of Philip Ivor Taylor as a director on 16 May 2024
Termination of appointment of Gordon Lunn Fraser as a director on 16 May 2024
Termination of appointment of Jonathan Samuel Connell as a director on 31 March 2024
Director's details changed for Managing Director Philip O'leary on 16 December 2023
Director's details changed for Managing Director Michael Dussinger on 16 December 2023
Resolutions
Appointment of Managing Director Philip O'leary as a director on 16 December 2023
Appointment of Managing Director Michael Dussinger as a director on 16 December 2023
Appointment of Mr Christopher Edward Alan Dobbins as a director on 21 December 2023

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