magnet (finance) limited Company Information
Company Number
01320035
Website
magnetmfb.comRegistered Address
3 moor field whalley, clitheroe, lancashire, BB7 9SA
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
01254822017
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
h.j. mitchell 35%
r.l. mcloughlin 35%
View Allmagnet (finance) limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNET (FINANCE) LIMITED at £0 based on a Turnover of £0 and 1.22x industry multiple (adjusted for size and gross margin).
magnet (finance) limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNET (FINANCE) LIMITED at £291k based on an EBITDA of £61.2k and a 4.75x industry multiple (adjusted for size and gross margin).
magnet (finance) limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNET (FINANCE) LIMITED at £652.3k based on Net Assets of £366k and 1.78x industry multiple (adjusted for liquidity).
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Magnet (finance) Limited Overview
Magnet (finance) Limited is a live company located in lancashire, BB7 9SA with a Companies House number of 01320035. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in July 1977, it's largest shareholder is h.j. mitchell with a 35% stake. Magnet (finance) Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Magnet (finance) Limited Health Check
Pomanda's financial health check has awarded Magnet (Finance) Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 1 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
1 Strong
![positive_score](/assets/images/scoreRate1.png)
0 Regular
![positive_score](/assets/images/scoreRate0.png)
1 Weak
![size](/assets/images/scoreRate-1.png)
Size
There is insufficient data available for this Key Performance Indicator!
- - Magnet (finance) Limited
- - Industry AVG
![growth](/assets/images/scoreRate-1.png)
Growth
There is insufficient data available for this Key Performance Indicator!
- Magnet (finance) Limited
- - Industry AVG
![production](/assets/images/scoreRate-1.png)
Production
There is insufficient data available for this Key Performance Indicator!
- Magnet (finance) Limited
- - Industry AVG
![profitability](/assets/images/scoreRate-1.png)
Profitability
There is insufficient data available for this Key Performance Indicator!
- Magnet (finance) Limited
- - Industry AVG
![employees](/assets/images/scoreRate-1.png)
Employees
There is insufficient data available for this Key Performance Indicator!
- - Magnet (finance) Limited
- - Industry AVG
![paystructure](/assets/images/scoreRate-1.png)
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Magnet (finance) Limited
- - Industry AVG
![efficiency](/assets/images/scoreRate-1.png)
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Magnet (finance) Limited
- - Industry AVG
![debtordays](/assets/images/scoreRate-1.png)
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Magnet (finance) Limited
- - Industry AVG
![creditordays](/assets/images/scoreRate-1.png)
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Magnet (finance) Limited
- - Industry AVG
![stockdays](/assets/images/scoreRate-1.png)
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Magnet (finance) Limited
- - Industry AVG
![cashbalance](/assets/images/scoreRate0.png)
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
- - Magnet (finance) Limited
- - Industry AVG
![debtlevel](/assets/images/scoreRate2.png)
Debt Level
it has a ratio of liabilities to total assets of 62.1%, this is a lower level of debt than the average (69.6%)
- - Magnet (finance) Limited
- - Industry AVG
MAGNET (FINANCE) LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Magnet (Finance) Limited's latest turnover from July 2023 is estimated at 0 and the company has net assets of £366 thousand. According to their latest financial statements, we estimate that Magnet (Finance) Limited has no employees and maintains cash reserves of £483 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
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Turnover | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | |||||||||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 730,350 | 730,701 | 730,000 | 730,250 | 730,350 | 730,500 | 730,680 | 1,076,900 | 1,049,258 | 1,015,294 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 965,052 | 965,052 | 965,052 | 965,052 | 965,052 | 0 | 0 | 0 | 0 | 0 | 50 | 50 | 50 | 50 | 50 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 965,052 | 965,052 | 965,052 | 965,052 | 965,052 | 730,350 | 730,701 | 730,000 | 730,250 | 730,350 | 730,550 | 730,730 | 1,076,950 | 1,049,308 | 1,015,344 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,710 | 54,563 | 7,682 | 10,700 | 44,128 | 55,881 | 52,456 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 1,484 | 3,049 | 3,484 | 4,367 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 483 | 1,183 | 1,634 | 2,651 | 2,968 | 5,116 | 18,152 | 33,743 | 34,966 | 19,171 | 45,354 | 187,254 | 4,075 | 12,292 | 41,983 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 483 | 1,183 | 1,634 | 2,651 | 4,452 | 8,165 | 21,636 | 38,110 | 84,676 | 73,734 | 53,036 | 197,954 | 48,203 | 68,173 | 94,439 |
total assets | 965,535 | 966,235 | 966,686 | 967,703 | 969,504 | 738,515 | 752,337 | 768,110 | 814,926 | 804,084 | 783,586 | 928,684 | 1,125,153 | 1,117,481 | 1,109,783 |
Bank overdraft | 0 | 16,000 | 16,000 | 16,000 | 0 | 0 | 0 | 25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 16,000 | 0 | 4,167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,487 | 44,170 | 33,897 | 27,893 | 31,294 | 70,526 | 55,445 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 7,341 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 20,500 | 21,999 | 17,400 | 10,900 | 11,067 | 11,117 | 11,603 | 7,389 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 20,500 | 37,999 | 33,400 | 26,900 | 27,067 | 11,117 | 15,870 | 39,730 | 39,487 | 44,170 | 33,897 | 27,893 | 31,294 | 70,526 | 55,445 |
loans | 579,012 | 559,960 | 563,044 | 142,874 | 565,593 | 350,212 | 361,618 | 356,461 | 0 | 0 | 0 | 4,167 | 29,167 | 54,137 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 424,414 | 0 | 0 | 0 | 0 | 403,716 | 388,573 | 380,263 | 527,802 | 694,716 | 606,652 | 673,787 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 579,012 | 559,960 | 563,044 | 567,288 | 565,593 | 350,212 | 361,618 | 356,461 | 403,716 | 388,573 | 380,263 | 531,969 | 723,883 | 660,789 | 673,787 |
total liabilities | 599,512 | 597,959 | 596,444 | 594,188 | 592,660 | 361,329 | 377,488 | 396,191 | 443,203 | 432,743 | 414,160 | 559,862 | 755,177 | 731,315 | 729,232 |
net assets | 366,023 | 368,276 | 370,242 | 373,515 | 376,844 | 377,186 | 374,849 | 371,919 | 371,723 | 371,341 | 369,426 | 368,822 | 369,976 | 386,166 | 380,551 |
total shareholders funds | 366,023 | 368,276 | 370,242 | 373,515 | 376,844 | 377,186 | 374,849 | 371,919 | 371,723 | 371,341 | 369,426 | 368,822 | 369,976 | 386,166 | 380,551 |
Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 0 | 0 | 0 | 0 | 350 | 351 | 351 | 250 | 100 | 150 | 180 | 544 | 1,000 | 1,293 | 1,021 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 0 | 0 | 0 | -1,484 | -1,565 | -435 | -883 | -45,343 | -4,853 | 46,881 | -3,018 | -33,428 | -11,753 | 3,425 | 52,456 |
Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -39,487 | -4,683 | 10,273 | 6,004 | -3,401 | -39,232 | 15,081 | 55,445 |
Accruals and Deferred Income | -1,499 | 4,599 | 6,500 | -167 | -50 | -486 | 4,214 | 7,389 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 965,052 | 0 | 0 | 0 | 0 | -50 | 0 | 0 | 0 | 0 | 50 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | -16,000 | 16,000 | -4,167 | 4,167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -100 | -7,241 | 7,341 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 19,052 | -3,084 | 420,170 | -422,719 | 215,381 | -11,406 | 5,157 | 356,461 | 0 | 0 | -4,167 | -25,000 | -24,970 | 54,137 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | -424,414 | 424,414 | 0 | 0 | 0 | -403,716 | 15,143 | 8,310 | -147,539 | -166,914 | 88,064 | -67,135 | 673,787 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -700 | -451 | -1,017 | -317 | -2,148 | -13,036 | -15,591 | -1,223 | 15,795 | -26,183 | -141,900 | 183,179 | -8,217 | -29,691 | 41,983 |
overdraft | -16,000 | 0 | 0 | 16,000 | 0 | 0 | -25,000 | 25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 15,300 | -451 | -1,017 | -16,317 | -2,148 | -13,036 | 9,409 | -26,223 | 15,795 | -26,183 | -141,900 | 183,179 | -8,217 | -29,691 | 41,983 |
magnet (finance) limited Credit Report and Business Information
Magnet (finance) Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for magnet (finance) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mature companies, companies in BB7 area or any other competitors across 12 key performance metrics.
magnet (finance) limited Ownership
MAGNET (FINANCE) LIMITED group structure
Magnet (Finance) Limited has no subsidiary companies.
Ultimate parent company
MAGNET (FINANCE) LIMITED
01320035
magnet (finance) limited directors
Magnet (Finance) Limited currently has 4 directors. The longest serving directors include Mrs Agnes Seery (Feb 1992) and Mrs Helen Mitchell (Dec 1995).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mrs Agnes Seery | England | 75 years | Feb 1992 | - | Director |
Mrs Helen Mitchell | England | 45 years | Dec 1995 | - | Director |
Mrs Rebecca McLoughlin | England | 42 years | Dec 1995 | - | Director |
Mr Michael Seery | 70 years | Mar 2015 | - | Director |
P&L
July 2023turnover
0
0%
operating profit
61.2k
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
366k
-0.01%
total assets
965.5k
0%
cash
483
-0.59%
net assets
Total assets minus all liabilities
Similar Companies
magnet (finance) limited company details
company number
01320035
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
July 1977
age
47
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
3 moor field whalley, clitheroe, lancashire, BB7 9SA
last accounts submitted
July 2023
magnet (finance) limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to magnet (finance) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
![charges](/assets/images/company_charges.png)
magnet (finance) limited Companies House Filings - See Documents
date | description | view/download |
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