Bunting Magnetics Europe Limited
00790396
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 23/06/2023
BUSINESS EXECUTIVE
AMERICAN · UNITED STATES · Age 46
director · Since 23/06/2023
ENGINEER
BRITISH · ENGLAND · Age 58
Also on 6 other boards
director · Since 08/07/2025
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 61
Also on 2 other boards
Persons with Significant Control
Bunting Magnetics Co
500, South Spencer Road, Newton
Notified 06/04/2016
Charges2 outstanding
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MORGAN GRENFELL & CO. LIMITEDFOR ITSELF AND AS TRUSTEE FOR AND ON BEHALF OF THE LENDERS
MORGAN GRENFELL & CO. LIMITED (THE "SECURITY AGENT")
CompanyRankvs 77+ SIC 25990 peers69
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d
Key FinancialsYear ending 31/12/2022
Net Worth
£4.1M
Balance sheet strength
Cash
£1.6M
Cash in the bank
Net Current Assets
£5.7M
Working capital
Current Assets
£10.7M
Current Liabilities
£5.0M
Fixed Assets
£3.6M
Debtors
£4.7M
Profit After Tax
£633k
Tax at Year End
People Costs(2019)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 2.14 | +£521k |
| 2021 | 1.17 | +£210k |
| 2019 | 1.93 | — |
Derived from filed accounts. Not audited figures.