HIMAG PLANAR MAGNETICS LTD
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Cash
£858K
-2.7% vs 2023
Net assets
£442K
+206.5% vs 2023
Employees
17
-10.5% vs 2023
Profit before tax
£223K
USD 297,942
-14.2% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £2,364,876 | £2,317,599 | -2% | |
| Operating profit | £271,929 | £233,481 | -14.1% | |
| Profit before tax | £259,968 | £223,044 | -14.2% | |
| Net profit | £259,968 | £223,044 | -14.2% | |
| Cash | £882,067 | £858,194 | -2.7% | |
| Total assets less current liabilities | £322,808 | £508,647 | +57.6% | |
| Net assets | £144,249 | £442,191 | +206.5% | |
| Equity | £144,249 | £442,191 | +206.5% | |
| Average employees | 19 | 17 | -10.5% | |
| Wages | £527,724 | £518,839 | -1.7% | |
| Directors' remuneration | £0 | £0 | — |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|
| Operating margin | 11.5% | 10.1% | |
| Net margin | 11.0% | 9.6% | |
| Return on capital employed | 84.2% | 45.9% | |
| Gearing (liabilities / total assets) | 94.5% | 83.9% | |
| Current ratio | 0.90x | 1.03x | |
| Interest cover | 17.02x | 16.75x |
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 1 time since incorporation
- HIMAG PLANAR MAGNETICS LTD 2012-12-21 → present
- PAYTON UK LIMITED 2012-12-20 → 2012-12-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Smith Cooper Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the immediate parent company, Payton Planar Magnetics Limited. The directors have received confirmation that Payton Planar Magnetics Limited intends to support the company for at least one year after these financial statements are signed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LICHTENSTEIN, Michal | Director | 2013-01-16 | Jun 1972 | Israeli |
| YATIV, David | Director | 2012-12-20 | Aug 1946 | Israeli |
| YATIV, Doron | Director | 2013-01-16 | Sep 1970 | Israeli |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CURRAN, Dean | Director | 2013-01-16 | 2014-10-22 |
| DAY, Colin John | Director | 2015-04-29 | 2022-04-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Yativ | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 37 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-29 | CH01 | officers | Change person director company with change date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-05 | CH01 | officers | Change person director company with change date | |
| 2024-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-06 | AA | accounts | Accounts with accounts type full | |
| 2022-04-27 | TM01 | officers | Termination director company | |
| 2021-12-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-03 | AA | accounts | Accounts with accounts type full | |
| 2021-01-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-10-01 | AA | accounts | Accounts with accounts type full | |
| 2020-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-12 | AA | accounts | Accounts with accounts type full | |
| 2018-12-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-07-20 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.