MAGNESIUM ELEKTRON LIMITED

, LUMNS LANE, MANCHESTER, M27 8LN

Company Number: 03141950
Incorporation date: 28-Dec-1995
Status: Active
Company type: Private Limited Company

SIC codes:
20130 Manufacture of other inorganic basic chemicals
24450 Other non-ferrous metal production





FINANCIALS (BETA)


Accounts Filed: FULL

P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 14,149,000
31-Dec-2018 GBP 16,508,000 207,000
31-Dec-2017 GBP
31-Dec-2016 GBP 7,375,000
28-Jun-2016 GBP 5,712,000
31-Dec-2014 GBP 65,541,000 8,250,000 641,000 6,924,000
31-Dec-2013 GBP 67,268,000 8,656,000 732,000 7,000,000
31-Dec-2012 GBP 80,653,000 13,732,000 41,000 10,075,000
31-Dec-2011 GBP 89,191,000 13,068,000 7,000 11,317,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 41,613,000 218,000 23,678,000
31-Dec-2018 GBP 49,114,000 24,244,000
31-Dec-2017 GBP 27,887,000 18,042,000
31-Dec-2016 GBP 39,034,000 28,242,000
28-Jun-2016 GBP 24,805,000 13,114,000 9,734,000
31-Dec-2014 GBP 21,578,000 14,062,000 4,650,000 3,224,000 70,287,000
31-Dec-2013 GBP 19,914,000 11,670,000 3,887,000 70,747,000
31-Dec-2012 GBP 23,801,000 14,842,000 4,800,000 71,500,000
31-Dec-2011 GBP 46,429,000 18,872,000 4,725,000 71,425,000

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Megan GLISE 2020-08-19 1 - 0
Resigned SAVAGE, Jamie Mark 2018-01-01 2020-08-19 0 - 1
Resigned FLETCHER, David Nicholas 2016-03-04 2018-01-01 0 - 1
Resigned Linda Frances SEDDON 1997-07-22 2016-03-04 British 0 - 33
Resigned HSE SECRETARIES LIMITED 1996-11-27 1997-07-22 1 - 580
Resigned Richard BURNS 1996-06-27 1996-11-27 0 - 32

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Andrew William John BUTCHER 06 May 2022 Chief Executive Officer American 9 - 00 (0.0%)
Resigned BARNES, Chris Allen 01 Jan 2018 01 Jul 2019 Divisional President American 0 - 10 (0.0%)
Active WEBSTER, Stephen Mark Dale 01 Jan 2018 Group Financial Controller British 8 - 52 (15.4%)
Resigned David Nicholas FLETCHER 17 Jul 2017 01 Jan 2018 Company Secretary/Director British 0 - 120 (0.0%)
Resigned Alok MASKARA 17 Jul 2017 06 May 2022 Chief Executive American 0 - 90 (0.0%)
Resigned RIX, David Terence 10 Dec 2013 30 Jun 2017 Managing Director British 3 - 72 (20.0%)
Resigned BEADEN, Andrew Michael 26 Jun 2012 30 Sep 2017 Group Finance Director British 7 - 156 (27.3%)
Active WARDLOW, Graham David 27 Mar 2009 Managing Director British 2 - 11 (33.3%)
Active WARDLOW, Graham David 27 Mar 2009 Managing Director British 2 - 11 (33.3%)
Resigned KERSHAW, Neil 27 Mar 2009 10 Dec 2013 Divisional Finance Director British 0 - 10 (0.0%)
Resigned WILLIAMS, Stephen Norman 17 Mar 2009 05 Oct 2011 Accountant British 0 - 70 (0.0%)
Resigned Edward John HAUGHEY 01 Oct 2003 17 Jul 2017 Divisional Managing Director British 0 - 31 (33.3%)
Resigned Alan FOSTER 08 May 2001 30 Sep 2003 Managing Director British 1 - 20 (0.0%)
Resigned DAGGER, Christopher John Hilary 08 May 2001 31 Jan 2013 Managing Director British 0 - 93 (33.3%)
Resigned PURVES, Brian Gordon 27 Jun 2000 17 Jul 2017 Chief Executive British 2 - 239 (36.0%)
Resigned MCKINNON, Ian Bannochie 15 Feb 1996 28 Sep 2001 Director British 1 - 175 (27.8%)
Resigned DM COMPANY SERVICES LIMITED 28 Dec 1995 27 Jun 1996 7 - 513297 (57.1%)
Resigned 25 NOMINEES LIMITED 28 Dec 1995 15 Feb 1996 0 - 251151 (60.2%)
Number of active directors: 4
Average tenure of active directors: 7.8 years
Average tenure of resigned directors: 5.3 years
Average active director Dissolution Rate: 20.5%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
LUXFER MAGTECH INTERNATIONAL LIMITED (02891444 ) - Dissolved
LUXFER OVERSEAS HOLDINGS LIMITED (03081726 ) - Active
MAGNESIUM ELEKTRON LIMITED (03141950 ) - Active
BIGGLESWICK LIMITED (03349880 ) - Dissolved
LUXFER GAS CYLINDERS LIMITED (03376625 ) - Active
LUXFER HOLDINGS PLC (03690830 ) - Active
WIRRAL COMMUNITY NARROWBOAT TRUST (03853212 ) - Active
LUXFER GROUP LIMITED (03944037 ) - Active
LUXFER GROUP SERVICES LIMITED (03981395 ) - Active
LUXFER GROUP 2000 LIMITED (04027006 ) - Active
JT INTERNATIONAL BUSINESS SERVICES LIMITED (04586920 ) - Active
(05051384 )
LUXFER GAS CYLINDERS CHINA HOLDINGS LIMITED (05165622 ) - Active
LUMINA TRUSTEE LIMITED (06055812 ) - Active
LUXFER GROUP UK PENSION TRUSTEE LIMITED (12575132 ) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-09-302014-09-302013-09-302012-09-302011-09-30
LUXFER GROUP LTDREDEEMABLE PREFERENCE31,700,000
47.5%
31,700,000
47.5%
31,700,000
47.5%
31,700,000
47.5%
31,700,000
47.5%
LUXFER GROUP 2000 LIMITEDREDEEMABLE PREFERENCE27,000,000
40.5%
27,000,000
40.5%
27,000,000
40.5%
27,000,000
40.5%
27,000,000
40.5%
LUXFER GROUP LTDORDINARY8,000,000
12.0%
8,000,000
12.0%
8,000,000
12.0%
8,000,000
12.0%
8,000,000
12.0%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2016-05-20
MAGNESIUM ELEKTRON LIMITEDORDINARY750
75%
MAGNESIUM ELEKTRON LIMITEDORDINARY250
25%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

MAGNESIUM ELEKTRON LIMITED

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2021-06-28 2021-12-31 52 24% 57% 55253
2021-01-01 2021-06-27 56 26% 53% 48618
2020-06-29 2020-12-31 69 24% 55% 40464
2020-01-01 2020-06-28 54 19% 65% 33836
2019-07-01 2019-12-31 64 24% 60% 28053
2019-01-01 2019-06-30 55 27% 61% 19972
2018-07-02 2018-12-31 49 18% 23% 13078
2018-01-01 2018-07-01 37 14% 1% 2611


COURT CASES


Date Title Reference Subject
2017-11-24 Magnesium Elektron Ltd v Neo Chemicals & Oxides (Europe) Ltd & Ors [2017] EWHC 2957 (Pat)
2015-12-15 Magnesium Elektron Ltd v Molycorp Chemicals & Oxides (Europe) Ltd & Anor [2015] EWHC 3596 (Pat)

PATENTS


Title Date filed Status Publication number
Magnesium alloys 1979-05-17 Ceased GB2022138

COMPETITORS

(Based on Sic code: 20130 Manufacture of other inorganic basic chemicals)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
BP AROMATICS LIMITED , , HAWKSLEASE, CHAPEL LANE, LYNDHURST, HAMPSHIRE, , SO43 7FG 06226624 2017-12-31 965,526,000 38,646,000
DOW SILICONES UK LIMITED , , BARRY PLANT, CARDIFF ROAD, BARRY, GLAMORGAN, , CF63 2YL 00486170 2017-12-31 518,282,000 51,777,000
DOW CHEMICAL COMPANY LIMITED , , 5 OAKWATER AVENUE, CHEADLE ROYAL BUSINESS PARK, CHEADLE, , UNITED KINGDOM, SK8 3SR 00537161 2017-12-31 319,996,000 25,223,000
INEOS ENTERPRISES GROUP LIMITED , , BANKES LANE OFFICE BANKES LANE, PO BOX 9, RUNCORN, CHESHIRE, UNITED KINGDOM, WA7 4JE 04687714 2017-12-31 290,800,000 1,500,000
CRI/CRITERION CATALYST COMPANY LIMITED , , SHELL CENTRE, YORK ROAD, LONDON, , ENGLAND, SE1 7NA 02206314 2017-12-31 247,900,000 23,100,000
UOP LIMITED , , HONEYWELL HOUSE, SKIMPED HILL LANE, BRACKNELL, BERKS, ENGLAND, RG12 1EB 00521570 2017-12-31 233,412,000 49,385,000 82990-Other business support service activities not elsewhere classified
CRISTAL PIGMENT UK LIMITED , , LAPORTE ROAD, STALLINGBOROUGH, GRIMSBY, NORTH EAST LINCOLNSHIRE, ENGLAND, DN40 2PR 00162303 2017-12-31 218,140,000 15,215,000
DOW AGROSCIENCES LIMITED , , CPC2 CAPITAL PARK, FULBOURN, CAMBRIDGE, , ENGLAND, CB21 5XE 02381612 2017-12-31 215,951,000 15,888,000
SIKA LIMITED , , WATCHMEAD, WELWYN GARDEN CITY, HERTS, , , AL7 1BQ 00226822 2017-12-31 141,241,376 7,578,948
SYNGENTA UK LIMITED , , CPC4, CAPITAL PARK, FULBOURN, CAMBRIDGE, , , CB21 5XE 00849037 2017-12-31 135,568,000 -2,091,000 20590-Manufacture of other chemical products not elsewhere classified
46900-Non-specialised wholesale trade
NALCO LIMITED , , WINNINGTON AVENUE, NORTHWICH, CHESHIRE, , , CW8 4DX 00615548 2017-11-30 113,071,000 15,362,000
LANXESS SOLUTIONS UK LTD , , ACCOUNTS DEPARTMENT, TENAX ROAD, TRAFFORD PARK, MANCHESTER, , , M17 1WT 02624692 2017-12-31 86,856,000 9,022,000
PQ SILICAS UK LIMITED , , BANK QUAY, 4 LIVERPOOL ROAD, WARRINGTON, CHESHIRE, , WA5 1AQ 06458647 2017-12-31 84,117,000 12,165,000
INEOS SOLVENTS ETHANOL LIMITED , , ANCHOR HOUSE 15-19 BRITTEN STREET, CHELSEA, LONDON, , UNITED KINGDOM, SW3 3TY 09728620 2017-12-31 81,700,000 -3,200,000
INEOS COMPOUNDS AYCLIFFE LIMITED , , SCHOOL AYCLIFFE LANE, NEWTON AYCLIFFE, CO DURHAM, , , DL5 6EA 08651343 2017-12-31 73,000,000 -1,161,000
MAGNESIUM ELEKTRON LIMITED , , , LUMNS LANE, MANCHESTER, , ENGLAND, M27 8LN 03141950 2017-12-31 72,844,000 5,709,000 24450-Other non-ferrous metal production
WARWICK INTERNATIONAL GROUP LIMITED , , THE KNOWLE NETHER LANE, HAZELWOOD, DERBY, , , DE56 4AN 02982784 2017-12-31 70,213,000 8,757,000
SGL CARBON FIBERS LIMITED , , MUIR OF ORD INDUSTRIAL ESTATE, GREAT NORTH ROAD, MUIR OF ORD, ROSS-SHIRE, , IV6 7UA SC078081 2017-12-31 67,101,000 10,939,000 20600-Manufacture of man-made fibres
AMES GOLDSMITH U.K. LIMITED , , 2 C/O ADAMS ACCOUNTANTS LIVERPOOL LLP, 2 MILLERS BRIDGE, BOOTLE, LIVERPOOL, MERSEYSIDE, UNITED KINGDOM, L20 8LH 05951718 2017-06-30 60,008,114 0
BP CHEMICALS LIMITED , , CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, , , TW16 7BP 00194971 2017-12-31 59,700,000 48,784,000
TENNANTS FINE CHEMICALS LIMITED , , , MACCLESFIELD ROAD, LEEK, STAFFORDSHIRE, , ST13 8LD 00646784 2018-12-31 58,037,000 1,635,000
MULTISOL LIMITED , , ALPHA HOUSE, LAWNSWOOD BUSINESS PARK, REDVERS CLOSE, LEEDS, , ENGLAND, LS16 6QY 00931537 2017-12-31 53,109,000 7,038,000 20140-Manufacture of other organic basic chemicals
49410-Freight transport by road
AIREDALE CHEMICAL COMPANY LIMITED , , AIREDALE MILLS SKIPTON ROAD, CROSS HILLS, KEIGHLEY, WEST YORKSHIRE, , BD20 7BX 01149113 2017-12-31 43,167,794 0
AIREDALE CHEMICAL HOLDINGS LIMITED , , AIREDALE MILLS SKIPTON ROAD, CROSSHILLS, KEIGHLEY, WEST YORKSHIRE, , BD20 7BX 08368496 0000-00-00 0 0
INEOS COMPOUNDS HOLDINGS LIMITED , , SCHOOL AYCLIFFE LANE, NEWTON AYCLIFFE, CO DURHAM, , , DL5 6EA 08650822 0000-00-00 0 0
INVISTA (U.K.) HOLDINGS LIMITED , , 20 GRESHAM STREET, 4TH FLOOR, LONDON, , UNITED KINGDOM, EC2V 7JE 00565289 0000-00-00 0 0 20160-Manufacture of plastics in primary forms
20590-Manufacture of other chemical products not elsewhere classified
20600-Manufacture of man-made fibres
LANXESS HOLDING UK UNLIMITED , , UK FINANCE 2ND FLOOR, TENAX ROAD, TRAFFORD PARK, MANCHESTER, , , M17 1WT 00250695 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
MAGNESIUM ELEKTRON LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.8% 3.8% 7.5% Medium
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