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Magnet Expert Ltd

06728679

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

MAGNET EXPERT LTD WALKER INDUSTRIAL ESTATE, TUXFORD, NG22 0PQ
Incorporated 21/10/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46720
Wholesale of metals and metal ores

Officers

Mr Matthew James George Ellis-Mather

director · Since 06/08/2012

DIRECTOR

BRITISH · ENGLAND · Age 35

Also on 4 other boards

Mr Stuart Anderson Ellis-Mather

director · Since 06/08/2012

DIRECTOR

BRITISH · ENGLAND · Age 38

Also on 4 other boards

Mrs Lindsey Debra Melady

director · Since 03/01/2014

ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 48

Also on 1 other board

Mr Lawrance Ralph Allen

director · Since 08/02/2022

HEAD OF OPERATIONS

BRITISH · ENGLAND · Age 38

Also on 1 other board

Persons with Significant Control

Ellis Mather Group Limited

75–100% shares
75–100% votes

Magnet Expert Ltd, Walker Industrial Estate, Tuxford, NG22 0PQ

Reg: 09992500 · Companies House, England · Private Limited Company

Notified 06/04/2016

Charges1 outstanding

Charge
satisfied

IAN DOUGLAS ASQUITH

Created 15/03/2016Registered 19/03/2016Satisfied 06/03/2018
Charge
outstanding

HSBC BANK PLC

Created 17/03/2016Registered 18/03/2016

CompanyRankvs 48+ SIC 46720 peers
77

Financial strength91th percentile among SIC peers · 23/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 6.28× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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48Magnet Expert Ltd
87
How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 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 31/12/2025

Net Worth

£2.5M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Net Current Assets

£2.4M

Working capital

Current Assets

£2.9M

Current Liabilities

£460k

Fixed Assets

£77k

Debtors

£918k

19avg. employees-3

Balance Sheet

Intangible assets£23k
Assets less current liabilities£2.5M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20256.28+£207k
20245.07+£166k
20236.47+£47k
20224.91-£43k
20215.58—

Derived from filed accounts. Not audited figures.