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Magnetic Surfaces Limited

12316507

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNITS A1 & A2 STIRLING ROAD, SOUTH MARSTON, SN3 4TQ
Incorporated 15/11/2019

Compliance

Last accounts

31/12/2024

micro entity

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 14/11/2025

Due 28/11/2026

On track

Industry

32990
Other manufacturing

Officers

Mr David Adrian Bowers

director · Since 15/11/2019

DIRECTOR

BRITISH · ENGLAND · Age 81

Also on 10 other boards

Mr Jonathan Andrew Bowers

director · Since 15/11/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 3 other boards

Mrs Lisa Jane Wooldridge

director · Since 24/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 9 other boards

Persons with Significant Control

Xstone Uk Limited

25–50% shares
25–50% votes

Elliot Road, Love Lane, Cirencester, GL7 1YG

Reg: 11835395 · England & Wales · Limited Company

Notified 15/11/2019

Malmesbury Woodworking Company Limited

25–50% shares
25–50% votes

Elliot Road, Love Lane, Cirencester, GL7 1YG

Reg: 00971778 · Uk Companies Register · Limited Company

Notified 30/06/2021

Former PSCs

Israel Asset Management Ug

Ceased 30/06/2021

CompanyRankvs 14199+ SIC 32990 peers
31

Financial strength4th percentile among SIC peers · 1/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.66× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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14199Magnetic Surfaces Limited
26
How is this score calculated?
Financial strength1/25 pts

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

Employees2/15 pts

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

Liquidity6/20 pts

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

Longevity7/15 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.

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

-£112k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£136k

Working capital

Current Assets

£267k

Current Liabilities

£407k

Fixed Assets

£24k

0avg. employees

Balance Sheet

Assets less current liabilities-£112k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.66-£63k
20230.75-£35k
20220.93+£21k
20210.50+£11k
20200.30—

Derived from filed accounts. Not audited figures.