The Magstim Company Limited
02308367
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/09/2015
PRIVATE EQUITY INVESTMENTS
AMERICAN · UNITED STATES · Age 72
Persons with Significant Control
Welcony Incorporated
2711 Centerville Road, Suite 400, Wilmington
Notified 06/04/2016
Charges2 outstanding
BARCLAYS BANK PLC
BARCLAYS BANK PLC
FINANCE WALES INVESTMENTS LIMITED
LLOYDS TSB COMMERCIAL FINANCE LIMITED
LLOYDS BANK PLC
3I PLC
CompanyRankvs 88+ SIC 26400 peers57
Show leaderboard
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the C ompany'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
Key FinancialsYear ending 31/12/2024
Net Worth
£37k
Balance sheet strength
Cash
£175k
Cash in the bank
Profit Before Tax
-£670k
Bottom line earnings
Net Current Assets
£4.7M
Working capital
Current Assets
£16.8M
Current Liabilities
£12.2M
Fixed Assets
£438k
Debtors
£13.5M
Cost of Sales
£5.3M
Admin Expenses
£8.3M
Profit After Tax
-£403k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.38 | -£5.5M |
| 2023 | 1.48 | -£1.7M |
| 2022 | 1.59 | +£936k |
| 2021 | 1.54 | — |
Derived from filed accounts. Not audited figures.