Magnet Contracts Limited
04429756
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/05/2002
ELECTRICAL CONTRACTOR
BRITISH · UNITED KINGDOM · Age 72
Persons with Significant Control
Mr James Leslie Donbavand
British · England · Age 72
9, Holly Bank Rise, Dukinfield, SK16 5EG
Notified 22/11/2021
CompanyRankvs 1475+ SIC 33140 peers60
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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 31/05/2025
Net Worth
£100
Balance sheet strength
Cash
£171k
Cash in the bank
Net Current Assets
£169k
Working capital
Current Assets
£184k
Current Liabilities
£15k
Fixed Assets
£304
Debtors
£13k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 12.39 | — |
| 2024 | 25.82 | — |
| 2023 | 26.97 | — |
| 2022 | 18.72 | -£6k |
| 2021 | 21.55 | — |
Derived from filed accounts. Not audited figures.