MG CONNECT LTD

Company number 11431743 · Active (Active - Proposal to Strike off)

MG CONNECT LTD is a private limited company registered in READING, United Kingdom, incorporated on 25 Jun 2018. Its registered activity is construction of utility projects for electricity and telecommunications. Its latest published accounts for the period ending 30 Jun 2019 show equity of −£14k, total assets of £37k. It has filed 1 set of accounts, 1 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

Filing delay of last accounts (days)3.7×≥ 321 · 0.43 % became insolvent
Share of filings late3.6×≥ 0.666667 · 0.42 % became insolvent
Days since last period end3.2×≥ 642 · 0.37 % became insolvent
Employees3.1×3–8 · 0.36 % became insolvent
Current liabilities ÷ assets2.9×0.523499–0.961567 · 0.33 % became insolvent
Equity ratio2.8×-0.882818–0.00404851 · 0.33 % became insolvent

Lowers the risk

Accounts filed0.5×0–3 · 0.06 % became insolvent
Region0.6×RG · 0.07 % became insolvent
Equity (signed log)0.8×-4.26854–0.30103 · 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
11431743 · official register
Status
Active - Proposal to Strike off
Legal form
Private Limited Company
Incorporated
25 Jun 2018 (8 years)
Registered address
RG30 3SS READING
Postcode area
Reading
Activity
42220 Construction of utility projects for electricity and telecommunications
Industry
Civil engineering
Accounts overdue
Yes

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
30 Jun 201915 Jun 2020– –−£14k£37k £31k–4

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

Similar companies in Reading

Questions about MG CONNECT LTD

What is the company number of MG CONNECT LTD?

MG CONNECT LTD is registered under company number 11431743 in the official register of United Kingdom. View it at the official register.

Is MG CONNECT LTD still active?

Yes. MG CONNECT LTD is registered as active (status: Active - Proposal to Strike off).

Has MG CONNECT LTD gone bankrupt or into insolvency?

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

How likely is MG CONNECT LTD to become insolvent?

Our model estimates a 0.03 % probability that MG CONNECT 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 CONNECT LTD founded?

MG CONNECT LTD was incorporated on 25 Jun 2018.

Where is MG CONNECT LTD registered?

MG CONNECT LTD's registered address is in RG30 3SS READING (Reading), United Kingdom.

What do the latest accounts of MG CONNECT LTD show?

The latest published accounts (period ending 30 Jun 2019) show equity of −£14k, total assets of £37k, 4 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.