MAGNECO METREL U.K. LIMITED
Get an alert when MAGNECO METREL U.K. LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1.7M
-63.9% vs 2023
Net assets
£702K
-81.8% lowest in 6 filed years
Employees
24
0% vs 2023
Profit before tax
£1.5M
+110.4% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £13,730,157 | £11,345,638 | £12,576,927 | £13,010,686 | £13,216,972 | £9,727,310 | -26.4% | |
| Operating profit | £1,449,447 | £1,906,771 | £1,746,926 | £2,097,482 | £668,997 | £1,397,333 | +108.9% | |
| Profit before tax | £1,449,682 | £1,906,727 | £1,746,925 | £2,112,761 | £726,061 | £1,527,850 | +110.4% | |
| Net profit | £1,172,707 | £1,545,957 | £1,406,833 | — | £535,678 | £1,189,985 | +122.1% | |
| Cash | £1,238,125 | £2,053,695 | £2,564,440 | £4,971,135 | £4,809,478 | £1,734,840 | -63.9% | |
| Total assets less current liabilities | £4,166,604 | £5,709,039 | £5,672,289 | £7,379,974 | £3,897,428 | £724,541 | -81.4% | |
| Net assets | £4,116,582 | £5,662,539 | £5,626,338 | £7,346,480 | £3,858,293 | £702,071 | -81.8% | |
| Equity | £4,116,582 | £5,662,539 | £5,626,338 | £7,346,480 | £3,858,293 | £702,071 | -81.8% | |
| Average employees | 26 | 26 | 24 | 25 | 24 | 24 | 0% | |
| Wages | £921,965 | £594,134 | £641,045 | £683,477 | £741,501 | £696,008 | -6.1% | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 10.6% | 16.8% | 13.9% | 16.1% | 5.1% | 14.4% | |
| Net margin | 8.5% | 13.6% | 11.2% | — | 4.1% | 12.2% | |
| Return on capital employed | 34.8% | 33.4% | 30.8% | 28.4% | 17.2% | 192.9% | |
| Current ratio | — | — | — | — | 1.77x | 1.09x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Waltons Business Advisers Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MALLOY, Susan | Secretary | 2000-05-14 | — | American |
| CONNORS, Ann | Director | 1994-08-31 | Apr 1937 | American |
| CONNORS, Colleen | Director | 1999-04-01 | Nov 1961 | American |
| CONNORS, George Mccabe, Mr. | Director | 2020-07-09 | Jan 1972 | American |
| CONNORS JR, Charles | Director | 1999-04-01 | Nov 1962 | American |
| MALLOY, Susan | Director | 2000-05-14 | Jul 1964 | American |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CONNORS, Chester Lee | Secretary | — | 1994-08-31 |
| CONNORS, Timothy | Secretary | 1994-08-31 | 1999-04-01 |
| BUTLER, Kim | Director | 1999-04-01 | 2000-05-14 |
| CONNORS, Charles W | Director | — | 2023-04-02 |
| CONNORS, Chester Lee | Director | — | 1999-04-01 |
| CONNORS, Lenore Ann | Director | 1994-08-31 | 1999-04-01 |
| CONNORS, Timothy | Director | 1993-06-01 | 1999-04-01 |
| FYFE, John Morton | Director | 1994-08-31 | 1996-09-27 |
| MARSHALL, John Walton | Director | — | 2000-07-31 |
| RAMSEY, Gary L | Director | — | 1992-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Charles W Connors Family Fund Limited Partnership | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 127 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-06-09 | AA | accounts | Accounts with accounts type full | |
| 2025-05-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-28 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-05-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-23 | CH01 | officers | Change person director company with change date | |
| 2023-05-23 | CH01 | officers | Change person director company with change date | |
| 2023-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-23 | CH01 | officers | Change person director company with change date | |
| 2022-11-05 | AA | accounts | Accounts with accounts type full | |
| 2022-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-02 | AA | accounts | Accounts with accounts type full | |
| 2021-05-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-11 | AA | accounts | Accounts with accounts type full | |
| 2020-08-24 | AP01 | officers | Appoint person director company with name date | |
| 2020-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-08-09 | AA | accounts | Accounts with accounts type small | |
| 2019-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-08-16 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months