Magnetic Separations Limited
01493159
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/09/2011
ENGINEERING
BRITISH · ENGLAND · Age 48
Also on 2 other boards
Persons with Significant Control
Mr Paul Ralph Gibbard
British · United Kingdom · Age 48
Sutton Business Centre, Restmor Way, Wallington, SM6 7AH
Notified 06/04/2016
Former PSCs
Mr Michael William Gibbard
Ceased 18/04/2024
CompanyRankvs 346+ SIC 71129 peers88
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
£1.4M
Balance sheet strength
Cash
£1.5M
Cash in the bank
Net Current Assets
£1.4M
Working capital
Current Assets
£1.8M
Current Liabilities
£378k
Fixed Assets
£29k
Debtors
£262k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 4.75 | -£791k | £895k |
| 2023 | 3.26 | +£248k | £3.0M |
| 2022 | 7.81 | +£169k | £3.0M |
| 2021 | 3.82 | +£121k | £2.5M |
| 2020 | 8.09 | +£244k | £1.8M |
| 2019 | 5.35 | +£448k | £2.9M |
| 2018 | 5.79 | — | £527k |
| 2017 | 5.32 | — | — |
Derived from filed accounts. Not audited figures.