MAGNATECH LED (UK) LTD

MAGNA HOUSE, DALES MANOR BUSINESS PARK, SAWSTON, CAMBRIDGESHIRE, CB22 3TJ

Previous 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-2024
Accounts Filed: TOTAL EXEMPTION FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
No P&L data available


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**
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 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 - 1060519 (49.0%)
Active Roger David NEWLAND 09 Sep 2005 Director British 4 - 00 (0.0%)
Active Kenneth Richard TODD 09 Sep 2005 Director British 2 - 20 (0.0%)
Number of active directors: 2
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
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