MZ RAGS LTD Financials
- Company number
- 08133041CopyCopy
- Registered office
- 4th Floor, Metroline House, 118-122 College Road, Harrow HA1 1BQ
- Incorporated
- 06/07/2012
Company snapshot
- Status
- Active
- Employees
- 11 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-38.38%vs 20242024: £24.24K
Total Assets
-0.73%vs 20242024: £399.99K
Cash in Bank
2.68K%vs 20242024: £2.56K
Total Liabilities
5.69%vs 20242024: £319.28K
Employees
-4vs 20242024: 15
In 2025, MZ RAGS LTD reported net assets of £14.94K. The same filing shows total assets of £397.06K, cash in bank of £71.20K and total liabilities of £337.45K. Reported headcount was 11 in 2025. Cash in Bank rose from £2.56K in 2024 to £71.20K in 2025 (2.68K%). Okredo holds filed figures for 2021–2025; 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
-38.38%from £24.24K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures MZ RAGS LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-71%vs 2023-46.2% a year compound (CAGR)
Cash in Bank
+193%vs 2023+71.1% a year compound (CAGR)
Total Assets
+2.7%vs 2023+1.3% a year compound (CAGR)
Total Liabilities
+0.7%vs 2023+0.4% a year compound (CAGR)
Employees
-35.3%vs 2023-6Biggest increase
Cash in Bank+193%
£24.33K in 2023 to £71.20K in 2025
Biggest decrease
Net Assets-71%
£51.54K in 2023 to £14.94K in 2025
MZ RAGS LTD's filings pull in both directions between 2023 and 2025. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MZ RAGS 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
- 3.76%2025
- 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
- 84.99%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.
- Cash to liabilities
- 21.10%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 17.93%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MZ RAGS LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 74.17K | 82.95K | 51.54K | 24.24K | 14.94K |
| Total Assets£ | 443.67K | 418.52K | 386.64K | 399.99K | 397.06K |
| Cash in Bank£ | 217.33K | 14.89K | 24.33K | 2.56K | 71.20K |
| Total Liabilities£ | 369.51K | 335.57K | 335.10K | 319.28K | 337.45K |
| Employees | 31 | 29 | 17 | 15 | 11 |
MZ RAGS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MZ RAGS LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
MZ RAGS LTD reported net assets of £14.94K for 2025. That compares with £24.24K in 2024, a change of -38.38%.
MZ RAGS LTD reported total assets of £397.06K for 2025. That compares with £399.99K in 2024, a change of -0.73%.
MZ RAGS LTD reported cash in bank of £71.20K for 2025. That compares with £2.56K in 2024, a change of 2.68K%.
MZ RAGS LTD reported 11 employees in 2025, compared with 15 in 2024.
Between 2023 and 2025, MZ RAGS LTD's net assets fell by 71%, cash in bank rose by 193%, total assets rose by 2.7% and total liabilities rose by 0.7%. Net assets contracted at 46.2% a year across the two years to 2025, from £51.54K to £14.94K. Reported headcount went from 17 in 2023 to 11 in 2025 (-6).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.