MG DIAMONDS LTD

Company number 05537249 · Active

MG DIAMONDS LTD is a private limited company, United Kingdom, incorporated on 16 Aug 2005. Its registered activity is wholesale of watches and jewellery. Its latest published accounts for the period ending 30 Sep 2025 show equity of £122k, total assets of £322k. It has filed 7 sets of accounts, 2 of them after the deadline. Our model estimates a 0.03 % probability that it becomes insolvent within 12 months, 0.2 times the average for active companies (low risk).

Insolvency risk, next 12 months

0.03 %
Low risk
Lowest riskHighest risk

Higher than 87 % of active companies in the United Kingdom. 0.2× the average annual insolvency rate (0.12 %).

Raises the risk

Cash ÷ assets3.7×0.00304687–0.0300733 · 0.44 % became insolvent
Company age (years)3.3×12.986–22.502 · 0.38 % became insolvent
Total assets (log)3.0×5.45007–6.05274 · 0.34 % became insolvent
Current liabilities ÷ assets2.9×0.523499–0.961567 · 0.33 % became insolvent
Late filings2.5×≥ 2 · 0.29 % became insolvent
Current ratio2.4×1.20204–2.65202 · 0.28 % became insolvent

Lowers the risk

Accounts filed0.3×≥ 6 · 0.04 % became insolvent
Accounts overdue0.8×0 · 0.09 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.99, trained 8 Nov 2026), not a credit rating. How it works.

Company details

Company number
05537249 · official register
Status
Active
Legal form
Private Limited Company
Incorporated
16 Aug 2005 (21 years)
Registered address
E5 9BN
Postcode area
London East
Activity
46480 Wholesale of watches and jewellery
Industry
Wholesale trade
Accounts overdue
No

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
30 Sep 202515 Apr 2026– –£122k£322k £200k£7,2992
30 Sep 202415 Aug 2025– –£134k£306k £164k£6,1202
30 Sep 202315 May 2024– –£137k£274k £119k£3,9242
30 Sep 202215 Aug 2023– –£134k£278k £116k£19k2
30 Sep 202115 Jun 2022– –£105k£288k £135k£54k2
30 Sep 202015 Apr 2021– –£100k£219k £70k£95k2
30 Sep 201915 Feb 2020– –£102k£164k £62k––

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

Similar companies in London East

Questions about MG DIAMONDS LTD

What is the company number of MG DIAMONDS LTD?

MG DIAMONDS LTD is registered under company number 05537249 in the official register of United Kingdom. View it at the official register.

Is MG DIAMONDS LTD still active?

Yes. MG DIAMONDS LTD is registered as active (status: Active).

Has MG DIAMONDS LTD gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for MG DIAMONDS LTD in the official data.

How likely is MG DIAMONDS LTD to become insolvent?

Our model estimates a 0.03 % probability that MG DIAMONDS LTD becomes insolvent within the next 12 months (low risk). That is higher than 87 % of active companies in the United Kingdom.

When was MG DIAMONDS LTD founded?

MG DIAMONDS LTD was incorporated on 16 Aug 2005.

Where is MG DIAMONDS LTD registered?

MG DIAMONDS LTD's registered address is in E5 9BN (London East), United Kingdom.

What do the latest accounts of MG DIAMONDS LTD show?

The latest published accounts (period ending 30 Sep 2025) show equity of £122k, total assets of £322k, 2 employees.

Data: Companies House – Free Company Data Product, Accounts Data Product, Public Data API (Contains public sector information licensed under the Open Government Licence v3.0.). Last updated 8 Nov 2026.