Company Overview
Mgs Business Services Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 30 May 2013, so this is a well established company. Mgs Business Services Limited has been in business for 12 years and 10 months. The accounts status is micro entity and the accounts are next due on Saturday 28 February 2026.
Registered Address

11 Hawkewood Road, Sunbury-On-Thames, Middlesex, TW16 6HL
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Companies House Data
Company NameMGS BUSINESS SERVICES LIMITED
Company Number08548616
Registered Office Address11 Hawkewood Road
 TW16 6HL
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date30/05/2013
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date28/02/2026
Accounts Last Made Up Date31/05/2024
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date27/06/2017
Returns Last Made Up Date30/05/2016
Directors & Members
Show Resigned
Gurpreet Saggu - Director
(British, 64 years old, born June 1962)
Appointed 12 April 2021
 Active
Secretaries
Show Resigned
Other Company Directorships
Gurpreet Saggu
AGGREGATIS HEALTHCARE LTD
AGGREGATIS LIMITED
MGG CAPITAL PARTNERS LLP
MGS INVESTMENT HOLDINGS LTD
MGS VEHICLE SERVICES LIMITED
Balance Sheet Unlock full report
Accounts Date 31-May-2024 31-May-2022 31-May-2021
Balance Sheet
Fixed Assets -1,617 -1,617 -2,224
Current Assets 5,083 5,083 5,518
Creditors Due Within One Year -37,924 -37,924 -25,087
Working Cap 43,007 43,007 30,605
Total Assets Less Current Liabilities 41,390 41,390 28,381
Long-term Liabilities 75,848 75,848 50,174
Net Assets 41,390 41,390 28,381
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 41,390 41,390 28,381
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2024 31-May-2022 31-May-2021
Tangible Fixed Assets - - -
Fixed Assets -46.7% -46.7% -67.5%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 146.7% 146.7% 167.5%
Creditors Due Within One Year -1094.2% -1094.2% -761.6%
Net Current Assets Liabilities 1240.8% 1240.8% 929.1%
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 1194.2% 1194.2% 861.6%
Capital Employed - - -
Total Assets Less Current Liabilities 1194.2% 1194.2% 861.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2024 31-May-2022 31-May-2021
Liquidity Ratio -0.1 -0.1 -0.2
Solvency Ratio 0.1 0.1 0.1
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-May-2024 31-May-2022 31-May-2021
Assets 3,466 3,466 3,294
Debt 37,924 37,924 25,087
Net Assets/Debt 41,390 41,390 28,381

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.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. 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.

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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. 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.   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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. 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.

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
Confirmation statement made on 21 August 2025 with updates
Confirmation statement made on 21 August 2024 with updates
Director's details changed for Mr Gurpreet Singh Saggu on 31 July 2024
Confirmation statement made on 21 August 2023 with no updates
Change of details for Mr Gurpreet Singh Saggu as a person with significant control on 1 March 2022
Director's details changed for Mr Gurpreet Singh Saggu on 30 November 2022
Compulsory strike-off action has been discontinued
Confirmation statement made on 21 August 2022 with no updates
First Gazette notice for compulsory strike-off
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Cessation of Navkiran Saggu as a person with significant control on 31 July 2021
Confirmation statement made on 21 August 2021 with updates
Termination of appointment of Navkiran Saggu as a director on 15 July 2021
Termination of appointment of Navkiran Saggu as a secretary on 15 July 2021
Appointment of Mr Gurpreet Singh Saggu as a director on 12 April 2021
Confirmation statement made on 21 August 2020 with no updates
Confirmation statement made on 21 August 2019 with no updates
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