KYOTHERM MAGMA LTD
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Cash
£19K
EUR 22,682
-21.9% vs 2024
Net assets
£772K
EUR 900,066
+6% vs 2024
Employees
0
Average over period
Profit before tax
£62K
EUR 72,426
+108.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company is currently in a sales process expected to be completed shortly after the approval of these financial statements which will result in a change in ownership. The directors accept they will not have full control of the company post acquisition and therefore do not have full knowledge of the intended business strategy, plans and financing of the company in the event of an ownership change.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£445,260 | £323,932 | +172.8% | |
| Profit before tax | -£749,228 | £62,088 | +108.3% | |
| Net profit | -£770,302 | £43,348 | +105.6% | |
| Cash | £24,883 | £19,444 | -21.9% | |
| Total assets less current liabilities | £3,493,998 | £3,195,919 | -8.5% | |
| Net assets | £728,247 | £771,595 | +6% | |
| Equity | £728,247 | £771,595 | +6% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
Figures converted to GBP from EUR at 0.857 per EUR (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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | -12.7% | 10.1% | |
| Gearing (liabilities / total assets) | 79.6% | 76.7% | |
| Current ratio | 1.97x | 0.93x | |
| Interest cover | -1.46x | 1.24x |
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 2 times since incorporation
- KYOTHERM MAGMA LTD 2022-04-05 → present
- EECO EVERGREEN LIMITED 2015-08-08 → 2022-04-05
- EECO PLATFORM NO. 1 LTD 2015-04-23 → 2015-08-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company is currently in a sales process expected to be completed shortly after the approval of these financial statements which will result in a change in ownership. The directors accept they will not have full control of the company post acquisition and therefore do not have full knowledge of the intended business strategy, plans and financing of the company in the event of an ownership change.”
Significant events
- “The Company was registered in England and Wales as EECO Platform No.1 Limited on 23 April 2015. On 8 August 2015 the Company changed its named to EECO Evergreen Limited. On 5 April 2022, the Company changed its name to SEEIT Magma Limited after it ceased to be dormant.”
- “The Company is currently in a sales process expected to be completed shortly after the date of approval of these financial statements which will result in a change in ownership.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2024-04-03 | — | — |
| SUSPLUGAS, Arnaud | Director | 2026-04-24 | Oct 1980 | French |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| APEX GROUP SECRETARIES (UK) LIMITED | Corporate Secretary | 2021-07-01 | 2024-04-03 |
| ALEXANDER, Miles Barrington | Director | 2019-03-18 | 2021-07-05 |
| GRIFFITHS, Ben Richard Glenton | Director | 2024-11-01 | 2026-04-24 |
| KHAN, Fuaad Noor | Director | 2024-11-01 | 2026-04-24 |
| KINGHORN, Andre Eugene | Director | 2019-03-18 | 2026-04-24 |
| MAXWELL, David Oliver | Director | 2015-08-05 | 2019-03-18 |
| MAXWELL, Jonathan Marc | Director | 2015-04-23 | 2019-03-18 |
| MUTHU, Joseph | Director | 2015-08-05 | 2019-03-18 |
| PULLAN, Russell Frederick | Director | 2015-04-23 | 2015-08-05 |
| SAPRE, Purvi | Director | 2021-07-05 | 2024-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Seeit Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-18 | Active |
Filing timeline
Last 20 of 58 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-05 | CH01 | officers | Change person director company with change date | |
| 2025-12-05 | AA | accounts | Accounts with accounts type full | |
| 2025-09-15 | CH01 | officers | Change person director company with change date | |
| 2025-09-15 | CH01 | officers | Change person director company with change date | |
| 2025-07-15 | AA | accounts | Accounts with accounts type small | |
| 2025-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-11 | AA | accounts | Accounts with accounts type small | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-16 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-04-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-04-27 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.