NICHE FUSED MAGNESIA LIMITED
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Cash
£809K
+2.3% vs 2024
Net assets
£5.1M
+5.3% highest in 3 filed years
Employees
51
-1.9% lowest in 3 filed years
Profit before tax
£353K
+46.5% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £14,270,000 | £12,604,000 | £12,337,000 | -2.1% | |
| Operating profit | £297,000 | £283,000 | £399,000 | +41% | |
| Profit before tax | £223,000 | £241,000 | £353,000 | +46.5% | |
| Net profit | £123,000 | £194,000 | £254,000 | +30.9% | |
| Cash | £1,067,000 | £791,000 | £809,000 | +2.3% | |
| Total assets less current liabilities | £4,788,000 | £4,962,000 | £5,198,000 | +4.8% | |
| Net assets | £4,612,000 | £4,806,000 | £5,060,000 | +5.3% | |
| Equity | £4,612,000 | £4,806,000 | £5,060,000 | +5.3% | |
| Average employees | 56 | 52 | 51 | -1.9% | |
| Wages | £2,188,000 | £2,096,000 | £2,159,000 | +3% | |
| Directors' remuneration | £234,000 | £232,000 | £241,000 | +3.9% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.1% | 2.2% | 3.2% | |
| Net margin | 0.9% | 1.5% | 2.1% | |
| Return on capital employed | 6.2% | 5.7% | 7.7% | |
| Gearing (liabilities / total assets) | 50.5% | 40.0% | 41.5% | |
| Current ratio | 1.52x | 1.89x | 1.92x | |
| Interest cover | 4.01x | 5.55x | 8.67x |
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.
Name history
Renamed 4 times since incorporation
- NICHE FUSED MAGNESIA LIMITED 2019-03-06 → present
- IMERYS FUSED MINERALS HULL LIMITED 2013-12-20 → 2019-03-06
- UCM MAGNESIA LIMITED 2008-12-01 → 2013-12-20
- ELECTRO FURNACE PRODUCTS LTD. 1993-03-25 → 2008-12-01
- OFFSHELF 182 LTD. 1992-11-17 → 1993-03-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on their assessment of the Company's financial performance, the Company's directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “The Company has incorporated Brexit driven changes within existing business systems and was therefore able to successfully manage Brexit with little or no disruption to the supply of product to customers or the receipt of raw materials.”
- “The Company continues to monitor and manage the instability caused by the Ukraine/Russia conflict and the conflict in Iran and the Strait of Hormuz.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SELKIRK, Daniel | Director | 2016-05-02 | Oct 1977 | British |
| STEELE, Andrew | Director | 2021-09-09 | Mar 1962 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CUFF, Allan | Secretary | 1995-07-01 | 2007-06-30 |
| DHESI, Dalvir | Secretary | 2007-09-06 | 2009-03-31 |
| ELLIS, Peter Tennant | Secretary | 1992-11-17 | 1993-01-27 |
| FOOKES, Melvyn | Secretary | 1993-01-27 | 1995-07-01 |
| TRAHAIR-DAVIES, Henri Simon | Secretary | 2009-04-01 | 2019-03-01 |
| BENNETT, Gordon | Director | 1995-07-01 | 2000-01-20 |
| BERGER, Olivier | Director | 2016-05-02 | 2019-03-01 |
| BORNE, Eric Thierry | Director | 2014-08-25 | 2016-05-02 |
| BRUNDELL, Jamie Keith | Director | 2004-02-01 | 2008-08-31 |
| BUNESS, Trevor David | Director | 2019-03-01 | 2021-07-15 |
| BUTTERS, James Bryan | Director | 2012-02-01 | 2016-05-02 |
| CUFF, Allan | Director | 1995-07-01 | 2007-06-30 |
| DUGHAN, Terence Graham | Director | 1995-07-01 | 2007-04-18 |
| ELLIS, Peter Tennant | Director | 1992-11-17 | 1993-01-27 |
| FOOKES, Melvyn | Director | 1993-01-27 | 2007-05-01 |
| HABISREITINGER, John Blaise | Director | 2019-03-01 | 2021-07-15 |
| HARRISON, Tony | Director | 1995-07-01 | 2010-03-18 |
| HUGHES, Robert | Director | 1993-01-27 | 2005-06-30 |
| JORDAN, Raymond David | Director | 1995-07-01 | 2001-08-16 |
| MAURY, Olivier Raymond Marie Pierre | Director | 2008-09-01 | 2012-02-29 |
| MOORE, James Gilbert | Director | 1992-11-17 | 1993-01-27 |
| MUSSON, Denis Philippe Marie | Director | 2007-05-01 | 2008-09-23 |
| PALMER, Ian Christopher | Director | 2004-02-01 | 2009-09-21 |
| ROEMER, Carsten | Director | 2012-03-01 | 2014-08-25 |
| WILHELM, Pirmin Georg | Director | 2008-09-24 | 2012-02-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Polly D'Addario | Individual | Shares 25–50% | 2022-05-01 | Active |
| Mr David D'Addario | Individual | Shares 25–50% | 2019-03-01 | Ceased 2019-03-01 |
| Mr David Francis D'Addario | Individual | Shares 25–50% | 2019-03-01 | Active |
| Imerys Uk Limited | Corporate entity | Shares 75–100% | 2017-09-21 | Ceased 2019-03-01 |
| Ucm Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2017-09-21 |
Filing timeline
Last 20 of 158 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-12-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type full | |
| 2026-03-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-18 | AA | accounts | Accounts with accounts type full | |
| 2024-03-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-03 | AA | accounts | Accounts with accounts type full | |
| 2022-11-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-11 | AA | accounts | Accounts with accounts type full | |
| 2022-10-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-10-04 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-05-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-12-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-01 | SH20 | capital | Legacy | |
| 2021-12-01 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2021-12-01 | CAP-SS | insolvency | Legacy | |
| 2021-12-01 | RESOLUTIONS | resolution | Resolution | |
| 2021-09-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.