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MAGNATECH LED (UK) LTD
MAGNA HOUSE, DALES MANOR BUSINESS PARK, SAWSTON, CAMBRIDGESHIRE, CB22 3TJPrevious name: MAGNA FREQUENCY MANAGEMENT LIMITED (changed on 01-Dec-2011)
Previous name: MAGNA FREQUENCY COMPONENTS LIMITED (changed on 21-Sep-2005)
Company Number: 05560076
Incorporation date: 09-Sep-2005
Status: Active
Entity type: Private Limited Company
SIC codes:
46470 Wholesale of furniture, carpets and lighting equipment
46520 Wholesale of electronic and telecommunications equipment and parts
SUMMARY
This company is 18.6 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -12.1 thousand which has worsened since the previous year's figure of GBP 6 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -18.1 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -12.2 thousand), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 1 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: TOTAL EXEMPTION FULL (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2022 | GBP | 8,150 | 185,146 | 197,277 | 100 | -12,231 | -12,131 | ||
31-Dec-2021 | GBP | 6,224 | 142,080 | 136,071 | 100 | 5,909 | 6,009 | ||
31-Dec-2020 | GBP | 12,426 | 186,726 | 183,411 | 100 | 3,215 | 3,315 | ||
31-Dec-2019 | GBP | 5,590 | 178,723 | 178,617 | 100 | 6 | 106 | ||
31-Dec-2018 | GBP | 454 | 97,233 | 120,404 | 100 | -23,271 | -23,171 | ||
31-Dec-2017 | GBP | 2,902 | 90,878 | 166,958 | 100 | -76,180 | -76,080 | ||
31-Dec-2016 | GBP | 1,188 | 83,627 | 161,087 | 100 | -77,560 | -77,460 | ||
31-Dec-2015 | GBP | 1,613 | 87,883 | 168,985 | 100 | -81,202 | -81,102 |
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 | Roger David NEWLAND | 01 Sep 2009 | 28 Mar 2024 | Company Director | British | 4 - 0 |
Resigned | Kenneth Richard TODD | 09 Sep 2005 | 01 Sep 2009 | 2 - 2 | ||
Resigned | KEY LEGAL SERVICES (SECRETARIAL) LTD | 09 Sep 2005 | 09 Sep 2005 | 0 - 1095 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Resigned | KEY LEGAL SERVICES (NOMINEES) LTD | 09 Sep 2005 | 09 Sep 2005 | 0 - 1060 | 519 (49.0%) | ||
Active | Roger David NEWLAND | 09 Sep 2005 | Director | British | 4 - 0 | 0 (0.0%) | |
Active | Kenneth Richard TODD | 09 Sep 2005 | Director | British | 2 - 2 | 0 (0.0%) |
Average tenure of active directors: 18.6 years
Average tenure of resigned directors: 0.0 years
Average active director Dissolution Rate: 0.0%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
Name
|
|||
---|---|---|---|
MAGNA FREQUENCY COMPONENTS LIMITED (02210071) - Active | ✔ | ✔ | |
MAGNATECH LED (UK) LTD (05560076) - Active | ✔ | ✔ |
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
MAGNATECH LED (UK) LTD
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
46470 Wholesale of furniture, carpets and lighting equipment)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
IKEA DISTRIBUTION SERVICES LIMITED | 100 AVEBURY BOULEVARD, MILTON KEYNES, UNITED KINGDOM, MK9 1FH | 03568682 | 2017-08-31 | 82,263,000 | 2,967,000 |
46499-Wholesale of household goods (other than musical instruments) not elsewhere classified |
BENTLEY DESIGNS (UK) LIMITED | UNIT A1, SYMMETRY PARK, MORRELL WAY, BICESTER, ENGLAND, OX26 6GF | 02159353 | 2017-09-30 | 26,236,352 | 0 | |
HEATSEAM LIMITED | C/O LIKEWISE GROUP PLC UNIT 4 RADIAL PARK, RADIAL WAY, BIRMINGHAM BUSINESS PARK, SOLIHULL, BIRMINGHAM, UNITED KINGDOM, B37 7WN | 03220392 | 2018-03-31 | 18,997,849 | 0 | |
MAZE RATTAN LIMITED | BOWDEN HOUSE, 36 NORTHAMPTON ROAD, MARKET HARBOROUGH, LEICS, LE16 9HE | 06830840 | 2017-12-31 | 13,453,880 | 0 | |
K J FLANAGAN & CO LTD | MILLPOND BUSINESS PARK, SAINTFIELD, BT24 7EP | NI041021 | 2017-09-30 | 12,447,959 | 0 | |
RAMEZANI (LONDON) LIMITED | 38 FOURTH WAY, WEMBLEY, MIDDLESEX, HA9 0LH | 02847718 | 2017-12-31 | 1,452,602 | 0 | |
CLARITION DESIGNS LIMITED | 25 MINERVA ROAD, LONDON, NW10 6HJ | 03672903 | 2016-11-30 | 1,154,366 | 0 | |
EURO BEDS LTD | UNIT 1, MANOR STREET, MANCHESTER, M12 6HE | 09113232 | 2018-07-31 | 558,156 | 0 |
47599-Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store |
MAYFIELDS AFRICA EXPORTS LTD | 15 CHADWICK PLACE, LONG DITTON, SURBITON, ENGLAND, KT6 5RE | 07682168 | 2018-06-30 | 391,762 | 0 |
46499-Wholesale of household goods (other than musical instruments) not elsewhere classified |
DAISALUX LIMITED | THE OLD GRANARY, DUNTON ROAD, LAINDON, ESSEX, UNITED KINGDOM, SS15 4DB | 09583350 | 2018-05-31 | 154,744 | 0 | |
M.LYDON COMPANY LTD | UNIT 9 CREEKMOUTH IND ESTATE, 57 RIVER ROAD, BARKING, ESSEX, IG11 0DA | 07003377 | 2018-08-31 | 97,140 | 0 | |
BINARY LIGHTING LIMITED | 7 CHURCH COURT, CHURCH ROAD, HAYWARDS HEATH, WEST SUSSEX, UNITED KINGDOM, RH16 3UE | 07897565 | 2018-03-31 | 85,663 | 0 | |
KATWOOD LIMITED | 17 ELAND ROAD, CROYDON, SURREY, UNITED KINGDOM, CR0 4LJ | 08879534 | 2018-02-28 | 82,756 | 0 | |
OZZMIUM LIMITED | 3 HORSTED SQUARE, BELLBROOK INDUSTRIAL ESTATE, UCKFIELD, ENGLAND, TN22 1QG | 07933609 | 2017-12-31 | 80,391 | 0 | |
FURNITURE SHOWROOM LIMITED | UNIT 5, ANTHONY COURT, 41, CLYDE STREET, CLYDEBANK, DUNBARTONSHIRE, SCOTLAND, G81 1PF | SC395676 | 2018-03-31 | 69,659 | 0 | |
LED PANEL PRO LTD | 20-22 WENLOCK ROAD, LONDON, N1 7GU | 09151882 | 2018-07-31 | 41,499 | 0 | |
1ST CHOICE OFFICE FURNITURE LIMITED | 4 OLD PARK LANE, LONDON, ENGLAND, W1K 1QW | 02977237 | 2017-12-31 | 17,108 | 0 | |
ALARWOOL UK LTD | 19 THE CIRCLE, QUEEN ELIZABETH STREET, LONDON, ENGLAND, SE1 2JE | 10181527 | 2018-05-31 | 13,645 | 0 | |
CARPET PRINT EUROPE LIMITED | 7 TACKFORD CLOSE, CASTLE BROMWICH, SOLIHULL, ENGLAND, B36 9TA | 09752801 | 2018-08-31 | 10,639 | 0 | |
HUNDEL LIGHTING LIMITED | 71-75 SHELTON STREET, COVENT GARDEN, LONDON, UNITED KINGDOM, WC2H 9JQ | 10598497 | 2018-02-28 | 7,166 | 0 | |
FRANK HUDSON LIMITED | C/O GALLERY DIRECT LTD CASTLE ROAD, EUROLINK COMMERCIAL PARK, SITTINGBOURNE, KENT, ME10 3RN | 03302255 | 2018-12-31 | 0 | 0 |
47599-Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store |
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 |
---|---|---|---|---|
MAGNATECH LED (UK) LTD | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | 0.4% | 3.0% | 8.2% | Medium |
Age | 0.4% | 1.7% | 3.3% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.5% | 2.1% | 4.2% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.8% | 3.8% | 7.5% | Medium |