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MAGNESIUM ELEKTRON LIMITED
LUMNS LANE, MANCHESTER, M27 8LNCompany Number: 03141950
Incorporation date: 28-Dec-1995
Status: Active
Entity type: Private Limited Company
SIC codes:
20130 Manufacture of other inorganic basic chemicals
24450 Other non-ferrous metal production
SUMMARY
This company is 28.3 years old and is currently active. It is controlled by Luxfer Group Limited. The company has 3 active officers (directors or partners) who are or were officers of 14 other companies. The company has no public disputes filed on the Business Disputes Register. There are 2 court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: FULL (31-Dec-2022)
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 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | Megan GLISE | 19 Aug 2020 | 29 Mar 2024 | 1 - 0 | ||
Resigned | Jamie Mark SAVAGE | 01 Jan 2018 | 19 Aug 2020 | 0 - 1 | ||
Resigned | David Nicholas FLETCHER | 04 Mar 2016 | 01 Jan 2018 | 0 - 1 | ||
Resigned | Linda Frances SEDDON | 22 Jul 1997 | 04 Mar 2016 | British | 0 - 40 | |
Resigned | HSE SECRETARIES LIMITED | 27 Nov 1996 | 22 Jul 1997 | 1 - 666 | ||
Resigned | Richard BURNS | 27 Jun 1996 | 27 Nov 1996 | 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 - 0 | 0 (0.0%) | |
Active | Stephen Mark Dale WEBSTER | 01 Jan 2018 | Group Financial Controller | British | 8 - 5 | 0 (0.0%) | |
Resigned | Chris Allen BARNES | 01 Jan 2018 | 01 Jul 2019 | Divisional President | American | 0 - 1 | 0 (0.0%) |
Resigned | David Nicholas FLETCHER | 17 Jul 2017 | 01 Jan 2018 | Company Secretary/Director | British | 0 - 12 | 0 (0.0%) |
Resigned | Alok MASKARA | 17 Jul 2017 | 06 May 2022 | Chief Executive | American | 0 - 9 | 0 (0.0%) |
Resigned | David Terence RIX | 10 Dec 2013 | 30 Jun 2017 | Managing Director | British | 3 - 7 | 0 (0.0%) |
Resigned | Andrew Michael BEADEN | 26 Jun 2012 | 30 Sep 2017 | Group Finance Director | British | 7 - 15 | 3 (13.6%) |
Active | Graham David WARDLOW | 27 Mar 2009 | Managing Director | British | 1 - 1 | 1 (50.0%) | |
Resigned | Neil KERSHAW | 27 Mar 2009 | 10 Dec 2013 | Divisional Finance Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Stephen Norman WILLIAMS | 17 Mar 2009 | 05 Oct 2011 | Accountant | British | 0 - 7 | 0 (0.0%) |
Resigned | Edward John HAUGHEY | 01 Oct 2003 | 17 Jul 2017 | Divisional Managing Director | British | 0 - 3 | 0 (0.0%) |
Resigned | Alan FOSTER | 08 May 2001 | 30 Sep 2003 | Managing Director | British | 1 - 3 | 1 (25.0%) |
Resigned | Christopher John Hilary DAGGER | 08 May 2001 | 31 Jan 2013 | Managing Director | British | 0 - 9 | 3 (33.3%) |
Resigned | Brian Gordon PURVES | 27 Jun 2000 | 17 Jul 2017 | Chief Executive | British | 2 - 23 | 3 (12.0%) |
Resigned | Ian Bannochie MCKINNON | 15 Feb 1996 | 28 Sep 2001 | Director | British | 1 - 17 | 1 (5.6%) |
Resigned | DM COMPANY SERVICES LIMITED | 28 Dec 1995 | 27 Jun 1996 | 6 - 617 | 323 (51.8%) | ||
Resigned | 25 NOMINEES LIMITED | 28 Dec 1995 | 15 Feb 1996 | 0 - 253 | 128 (50.6%) |
Average tenure of active directors: 7.7 years
Average tenure of resigned directors: 5.3 years
Average active director Dissolution Rate: 16.7%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
||||
---|---|---|---|---|
LUXFER MAGTECH INTERNATIONAL LIMITED (02891444) - Active | ✔ | |||
LUXFER OVERSEAS HOLDINGS LIMITED (03081726) - Active | ✔ | ✔ | ||
MAGNESIUM ELEKTRON LIMITED (03141950) - Active | ✔ | ✔ | ✔ | |
BIGGLESWICK LIMITED (03349880) - Active | ✔ | |||
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 | ✔ | |||
READY TO VIEW LIMITED (05051384) - Dissolved | ✔ | |||
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 | ||||
---|---|---|---|---|---|---|
2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | ||
LUXFER GROUP LTD | REDEEMABLE PREFERENCE | 31,700,000 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 LIMITED | REDEEMABLE PREFERENCE | 27,000,000 40.5% | 27,000,000 40.5% | 27,000,000 40.5% | 27,000,000 40.5% | 27,000,000 40.5% |
LUXFER GROUP LTD | ORDINARY | 8,000,000 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 LIMITED | ORDINARY | 750 75% |
MAGNESIUM ELEKTRON LIMITED | ORDINARY | 250 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 |
---|---|---|---|---|---|
2023-07-03 | 2023-12-31 | 51 | 19% | 39% | 81584 |
2023-01-01 | 2023-07-02 | 50 | 21% | 36% | 73096 |
2022-06-27 | 2022-12-31 | 58 | 20% | 45% | 68205 |
2022-01-01 | 2022-06-26 | 52 | 24% | 58% | 60761 |
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, RUNCORN, CHESHIRE, UNITED KINGDOM, WA7 4EL | 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 |