The Firmwatch take
Mgc Agencies Limited is a 6-year-old wholesale, subject to strike-off action. The latest filed accounts (year to 30 September 2025) show −£10k in net assets, with 1 distress signal extracted from the filing (negative net assets). Most recent public risk event: first gazette notice.
Auto-generated from filings·Refreshed 24 May 2026
1 public risk event on file
Pulse · Net assets, 2024–2025
↘ £3kIncorporated
24 September 2019
6 years on the register
Sector
Wholesale trade
SIC 46510 · matched to division
Size
Not classified
Net assets
−£10k
-£9,690
Cash at bank
Not disclosed
Not required for this filing type
Risk events
1 on file
Public Gazette / Companies House
Analytics
Risk, value and sector comparison
Insolvency risk
30/100
watch risk
Estimated public-data value
-£9,690 - £0
low confidence - negative net assets visible value
Sector comparison
Sector: Wholesale
Sample: 35,750 companies
Negative net assets: 19.2%
- Net assets vs sector median
- -£10,690
- Working capital vs sector median
- £2,908
- Sector median current ratio
- 1.20
Negative net assets
Visible liabilities exceed visible assets in the extracted accounts.
Risk and value are estimates from public accounts only. They are not a credit score, valuation opinion or insolvency prediction guarantee.
Balance sheet
Full extracted balance sheet
Cash at bank
Bank balances disclosed in the public accounts.
Not disclosed
Current assets
Assets expected to turn into cash within one year.
£18,982
Current liabilities
Amounts due within one year (short-term creditors).
£11,381
Working capital
Current assets minus current liabilities.
£7,601
Fixed assets
Long-term tangible and intangible assets.
£11,199
Total assets less current liabilities
Fixed assets plus working capital.
£18,800
Net assets
What's left after liabilities are deducted from assets.
-£9,690
Equity (capital & reserves)
Shareholder funds.
£1
Figures extracted from the company's public XBRL/iXBRL filing. Fields shown as Not disclosed are not legally required for this filing type and are absent from the source document — they are not necessarily zero.
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.