Company Overview
Mga Cover Services Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 14 March 2013, so this is a well established company. Mga Cover Services Limited has been in business for 13 years. The accounts status is micro entity and the accounts are next due on Wednesday 30 September 2026.
Registered Address

135 High Street Rock Insurance Services Ltd, High Street, Crawley, RH10 1DQ
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Companies House Data
Company NameMGA COVER SERVICES LIMITED
Company Number08444204
Registered Office Address135 High Street Rock Insurance Services Ltd
 High Street
 RH10 1DQ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date14/03/2013
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date11/04/2017
Returns Last Made Up Date14/03/2016
Directors & Members
Show Resigned
Julian Kearney - Director
(British, 62 years old, born December 1964)
Appointed 07 July 2021
 Active
Secretaries
Show Resigned
Other Company Directorships
Julian Kearney
ROCK (SFC) COVER SERVICES LTD
ROCK COVER SERVICES LIMITED
ROCK INSURANCE SERVICES LIMITED
ROCK SERVICES HOLDINGS LIMITED
TIGON COVER SERVICES LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2021 31-Dec-2020
Balance Sheet
Fixed Assets 0 0 0
Current Assets 101,104 101,104 184,503
Creditors Due Within One Year 91,261 91,261 160,632
Working Cap 9,843 9,843 23,871
Total Assets Less Current Liabilities 9,843 9,843 23,871
Long-term Liabilities 0 0 0
Net Assets 9,843 9,843 23,871
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 9,843 9,843 23,871
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2021 31-Dec-2020
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors - - 16.9%
Cash Bank In Hand - - 83.1%
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 90.3% 90.3% 87.1%
Net Current Assets Liabilities 9.7% 9.7% 12.9%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 9.7% 9.7% 12.9%
Capital Employed - - -
Total Assets Less Current Liabilities 9.7% 9.7% 12.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2021 31-Dec-2020
Liquidity Ratio 1.1 1.1 1.1
Solvency Ratio 1.1 1.1 1.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2021 31-Dec-2020
Assets 101,104 101,104 184,503
Debt 91,261 91,261 160,632
Net Assets/Debt 9,843 9,843 23,871

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 presents modest net assets. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

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 presents modest net assets. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.   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 presents modest net assets. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

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
Termination of appointment of Anthony John Martin as a director on 17 April 2025
Confirmation statement made on 4 March 2025 with no updates
Confirmation statement made on 4 March 2024 with no updates
Confirmation statement made on 7 March 2023 with no updates
Compulsory strike-off action has been discontinued
Confirmation statement made on 14 March 2022 with no updates
Cessation of Advantage Finacial Services Ltd as a person with significant control on 6 April 2016
Notification of Advantage Financial Services Limited as a person with significant control on 6 April 2016
Change of details for Rock Insurance Services Ltd as a person with significant control on 6 April 2016
First Gazette notice for compulsory strike-off
Appointment of Mr Julian Kearney as a director on 7 July 2021
Confirmation statement made on 14 March 2021 with no updates
Termination of appointment of David Anthony Sharp as a director on 31 July 2020
Termination of appointment of Guy Robert William Wates as a secretary on 18 May 2020
Confirmation statement made on 14 March 2020 with no updates
Confirmation statement made on 14 March 2019 with no updates
Registered office address changed from C/O a L B Accountancy Ltd Farren House the Street Farren Court Cowfold West Sussex RH13 8BP to 135 High Street Rock Insurance Services Ltd High Street Crawley RH10 1DQ on 1 May 2018
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