Magnetic Systems Technology Limited
Magnetic Systems Technology Limited is an active company incorporated on 9 November 1992 with the registered office located in Rotherham, South Yorkshire. Magnetic Systems Technology Limited was registered 32 years ago.
Status
Active
Active since incorporation
Company No
02763007
Private limited company
Age
32 years
Incorporated 9 November 1992
Size
Medium
Turnover is under £54M
Under 250 employees
Confirmation
Submitted
Dated 9 November 2024 (10 months ago)
Next confirmation dated 9 November 2025
Due by 23 November 2025 (2 months remaining)
Last change occurred 3 years ago
Accounts
Due Soon
For period 1 Jan ⟶ 31 Dec 2023 (12 months)
Accounts type is Full
Next accounts for period 31 December 2024
Due by 30 September 2025 (22 days remaining)
Shareholders, PSCs & Group Structure
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Mutual Companies
Andrew Robert Sloan is a mutual person.
Active
Mr Marcus Kennedy Jenkins is a mutual person.
Active
Brands
Magtec is a supplier of electric drive systems and hybrid solutions, designing and manufacturing systems for various vehicle types.
Financials
Net Assets, Total Assets & Total Liabilities (2014–2023)
Period Ended
31 Dec 2023
For period 31 Dec ⟶ 31 Dec 2023
Traded for 12 months
Cash in Bank
£77K
Decreased by £77K (-50%)
Turnover
£15.88M
Decreased by £7.08M (-31%)
Employees
131
Decreased by 28 (-18%)
Total Assets
£12.56M
Decreased by £2.25M (-15%)
Total Liabilities
-£7.88M
Decreased by £2.88M (-27%)
Net Assets
£4.68M
Increased by £630K (+16%)
Debt Ratio (%)
63%
Decreased by 9.91% (-14%)
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Repayment History
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