MAGNESIUM ELEKTRON LIMITED

LUMNS LANE, MANCHESTER, M27 8LN

Company 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-2024
Accounts 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**
Insufficient available data for calculating valuations.

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 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 - 00 (0.0%)
Active Stephen Mark Dale WEBSTER 01 Jan 2018 Group Financial Controller British 8 - 50 (0.0%)
Resigned Chris Allen BARNES 01 Jan 2018 01 Jul 2019 Divisional President American 0 - 10 (0.0%)
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 David Terence RIX 10 Dec 2013 30 Jun 2017 Managing Director British 3 - 70 (0.0%)
Resigned Andrew Michael BEADEN 26 Jun 2012 30 Sep 2017 Group Finance Director British 7 - 153 (13.6%)
Active Graham David WARDLOW 27 Mar 2009 Managing Director British 1 - 11 (50.0%)
Resigned Neil KERSHAW 27 Mar 2009 10 Dec 2013 Divisional Finance Director British 0 - 10 (0.0%)
Resigned Stephen Norman WILLIAMS 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 - 30 (0.0%)
Resigned Alan FOSTER 08 May 2001 30 Sep 2003 Managing Director British 1 - 31 (25.0%)
Resigned Christopher John Hilary DAGGER 08 May 2001 31 Jan 2013 Managing Director British 0 - 93 (33.3%)
Resigned Brian Gordon PURVES 27 Jun 2000 17 Jul 2017 Chief Executive British 2 - 233 (12.0%)
Resigned Ian Bannochie MCKINNON 15 Feb 1996 28 Sep 2001 Director British 1 - 171 (5.6%)
Resigned DM COMPANY SERVICES LIMITED 28 Dec 1995 27 Jun 1996 6 - 617323 (51.8%)
Resigned 25 NOMINEES LIMITED 28 Dec 1995 15 Feb 1996 0 - 253128 (50.6%)
Number of active directors: 3
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
2015-09-302014-09-302013-09-302012-09-302011-09-30
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
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
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