MGC CARPETS LTD Financials
- Company number
- 08148896CopyCopy
- Industry
- Retail sale of carpets rugs wall and floor coverings in specialised stores (47.53 - SIC 2007)
- Registered office
- Unit 14 Worcester Trade Park, Sherriff Street, Worcester, Worcestershire WR4 9AB
- Incorporated
- 19/07/2012
Company snapshot
- Status
- Active
- Employees
- 8 (2026)
- Latest financial data
- 2026
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2026.
Net Assets
-21.29%vs 20252025: £175.57K
Total Assets
-0.77%vs 20252025: £287.07K
Total Liabilities
-20.57%vs 20242024: £140.37K
Employees
-1vs 20252025: 9
In 2026, MGC CARPETS LTD reported net assets of £138.19K. The same filing shows total assets of £284.87K and total liabilities of £111.50K. Reported headcount was 8 in 2026. Net Assets fell from £175.57K in 2025 to £138.19K in 2026 (-21.29%). Okredo holds filed figures for 2022–2026; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-21.29%from £175.57K in 2025Year-on-year change
Net Assets as filed for 2022–2026. Every figure in this chart is also in the financial history table.
3-year financial trend (2024–2026)
How the figures MGC CARPETS LTD filed moved across the three reported years 2024, 2025 and 2026 — measured end to end rather than year on year.
Net Assets
-20.6%vs 2024-10.9% a year compound (CAGR)
Total Assets
-9.4%vs 2024-4.8% a year compound (CAGR)
Employees
0%vs 2024Biggest decrease
Net Assets-20.6%
£174.08K in 2024 to £138.19K in 2026
Every measure that changed in MGC CARPETS LTD's filings between 2024 and 2026 fell. The steepest fall came in net assets, pointing to a weakening balance sheet, with total assets falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MGC CARPETS LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 48.51%2026
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 38.84%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MGC CARPETS LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Assets£ | 201.52K | 172.35K | 174.08K | 175.57K | 138.19K |
| Total Assets£ | 356.02K | 315.46K | 314.45K | 287.07K | 284.87K |
| Cash in Bank£ | – | – | – | – | – |
| Total Liabilities£ | 154.50K | 143.11K | 140.37K | 111.50K | – |
| Employees | 9 | 8 | 8 | 9 | 8 |
MGC CARPETS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MGC CARPETS LTD covering 2022–2026, across 4 reported indicators. The most recent reported year is 2026.
MGC CARPETS LTD reported net assets of £138.19K for 2026. That compares with £175.57K in 2025, a change of -21.29%.
MGC CARPETS LTD reported total assets of £284.87K for 2026. That compares with £287.07K in 2025, a change of -0.77%.
MGC CARPETS LTD reported total liabilities of £111.50K for 2025. That compares with £140.37K in 2024, a change of -20.57%.
MGC CARPETS LTD reported 8 employees in 2026, compared with 9 in 2025.
Between 2024 and 2026, MGC CARPETS LTD's net assets fell by 20.6%, total assets fell by 9.4% and employee numbers was unchanged. Net assets contracted at 10.9% a year across the two years to 2026, from £174.08K to £138.19K. Reported headcount went from 8 in 2024 to 8 in 2026.
Okredo holds reported figures for the years 2022, 2023, 2024, 2025, 2026. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.