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Magnomatics Limited

05878200

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

PARK HOUSE, SHEFFIELD, S2 5BQ
Incorporated 17/07/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

72190
Other research and experimental development on natural sciences and engineering

Officers

Mr David Latimer

director · Since 07/11/2014

CHIEF EXECUTIVE OFFICER

BRITISH · ENGLAND · Age 64

Also on 5 other boards

Mr Ian Williamson

director · Since 06/01/2016

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 75

David Latimer

secretary · Since 31/10/2019

Mr Gary Rodgers

director · Since 02/08/2023

DIRECTOR

BRITISH · ENGLAND · Age 54

Dr Stuart David Calverley

director · Since 18/03/2026

BRITISH · ENGLAND · Age 50

Also on 1 other board

Persons with Significant Control

Ip Group Plc

25–50% shares
25–50% votes

2nd Floor, 3 Pancras Square, London, N1C 4AG

Reg: 04204490 · Not Applicable · Private Limited Company

Notified 06/04/2016

Finance Yorkshire Limited

25–50% shares
25–50% votes

1 Capitol Court, Capitol Business Park, Barnsley, S75 3TZ

Reg: 07075478 · Not Applicable · Private Limited Company

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

IAN WILLIAMSON (AS SECURITY TRUSTEE)

Created 28/03/2019Registered 03/04/2019
Charge
outstanding

FINANCE YORKSHIRE EQUITY GP LIMITED

Created 28/03/2019Registered 02/04/2019

CompanyRankvs 71+ SIC 72190 peers
79

Financial strength97th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.97× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

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

£3.0M

Balance sheet strength

Cash

£1.3M

Cash in the bank

Net Current Assets

£2.1M

Working capital

Current Assets

£3.2M

Current Liabilities

£1.1M

Fixed Assets

£1.4M

Debtors

£1.6M

35avg. employees+4

Balance Sheet

Intangible assets£1.3M
Assets less current liabilities£3.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.97+£124k
20232.25-£247k
20222.89-£653k
20211.87-£103k
20203.75—

Derived from filed accounts. Not audited figures.