MGY CONSTRUCTION LTD

Company number 16033014 · Active

MGY CONSTRUCTION LTD is a private limited company registered in LEYBURN, United Kingdom, incorporated on 22 Oct 2024. Its registered activity is development of building projects. Its latest published accounts for the period ending 31 Oct 2025 show equity of £7,859, total assets of £22k. It has filed 1 set of accounts. Our model estimates a 0.00 % probability that it becomes insolvent within 12 months, 0.0 times the average for active companies (low risk).

Insolvency risk, next 12 months

0.00 %
Low risk
Lowest riskHighest risk

Higher than 0 % of active companies in the United Kingdom. 0.0× the average annual insolvency rate (0.12 %).

Raises the risk

Employees3.1×3–8 · 0.36 % became insolvent
Current liabilities ÷ assets2.9×0.523499–0.961567 · 0.33 % became insolvent
Current ratio2.4×1.20204–2.65202 · 0.28 % became insolvent
Region1.9×DL · 0.22 % became insolvent
Accounts type1.6×balance sheet only · 0.18 % became insolvent
Industry1.4×41 · 0.17 % became insolvent

Lowers the risk

Company age (years)0.0×1.728–6.256 · 0.00 % became insolvent
Accounts filed0.5×0–3 · 0.06 % became insolvent
Late filings0.8×0–1 · 0.09 % 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
16033014 · official register
Status
Active
Legal form
Private Limited Company
Incorporated
22 Oct 2024 (2 years)
Registered address
DL8 5PP LEYBURN
Postcode area
Darlington
Activity
41100 Development of building projects
Industry
Construction of buildings
Accounts overdue
No

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
31 Oct 202515 Mar 2026– –£7,859£22k £13k–3

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

Similar companies in Darlington

Questions about MGY CONSTRUCTION LTD

What is the company number of MGY CONSTRUCTION LTD?

MGY CONSTRUCTION LTD is registered under company number 16033014 in the official register of United Kingdom. View it at the official register.

Is MGY CONSTRUCTION LTD still active?

Yes. MGY CONSTRUCTION LTD is registered as active (status: Active).

Has MGY CONSTRUCTION LTD gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for MGY CONSTRUCTION LTD in the official data.

How likely is MGY CONSTRUCTION LTD to become insolvent?

Our model estimates a 0.00 % probability that MGY CONSTRUCTION LTD becomes insolvent within the next 12 months (low risk). That is higher than 0 % of active companies in the United Kingdom.

When was MGY CONSTRUCTION LTD founded?

MGY CONSTRUCTION LTD was incorporated on 22 Oct 2024.

Where is MGY CONSTRUCTION LTD registered?

MGY CONSTRUCTION LTD's registered address is in DL8 5PP LEYBURN (Darlington), United Kingdom.

What do the latest accounts of MGY CONSTRUCTION LTD show?

The latest published accounts (period ending 31 Oct 2025) show equity of £7,859, total assets of £22k, 3 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.