Magnetawan Ltd
12556528
Details
Compliance
Last accounts
30/04/2024
total exemption full
Next accounts due
31/01/2026
Confirmation statement
Last: 11/01/2026
Due 25/01/2027
Industry
Officers
Manpreet Kaur
director · Since 11/01/2026
Indian
Former
Shannon Henry
director · Resigned 24/06/2020
Sajid Hussain
director · Resigned 20/10/2020
Prabhsharan Singh
director · Resigned 11/01/2026
CompanyRankvs 460+ SIC 46320 peers79
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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 30/04/2024
Turnover
£8.5M
Annual revenue
Net Worth
£2.5M
Balance sheet strength
Cash
£1.2M
Cash in the bank
Profit Before Tax
£1.2M
Bottom line earnings
Net Current Assets
£1.5M
Working capital
Current Assets
£1.9M
Current Liabilities
£399k
Fixed Assets
£990k
Debtors
£248k
Cost of Sales
£5.3M
Gross Profit
£3.2M
Admin Expenses
£2.0M
Operating Profit
£1.2M
Profit After Tax
£955k
Tax at Year End
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 4.70 | +£1.0M |
| 2022 | 3.54 | — |
Derived from filed accounts. Not audited figures.