Magnet & Steel Ltd

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magnet & steel ltd Company Information

Live

EstablishedSmallDeclining

Company Number

05836433

Website

www.magnetsteel.com

Registered Address

unit 6 vale business park, llandow, cowbridge, south glamorgan, CF71 7PF

Industry

Printing (other than printing of newspapers and printing on labels and tags) n.e.c.

Telephone

01446776199

Next Accounts Due

June 2024

Group Structure

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Directors

Philip Cartledge17 Years

David Thompson6 Years

View All

Shareholders

philip vincent david cartledge 100%

magnet & steel ltd Estimated Valuation

£664.3k - £2.9m

The estimated valuation range for magnet & steel ltd, derived from financial data as of September 2022 and the most recent industry multiples, is between £664.3k to £2.9m

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Magnet & Steel Ltd AI Business Plan

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Magnet & Steel Ltd is a live company located in cowbridge, CF71 7PF with a Companies House number of 05836433. It operates in the printing n.e.c. sector, SIC Code 18129. Founded in June 2006, it's largest shareholder is philip vincent david cartledge with a 100% stake. Magnet & Steel Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Magnet & Steel Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £2.5m, make it smaller than the average company (£9m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (-2.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MAGNET & STEEL LTD group structure

Magnet & Steel Ltd has no subsidiary companies.

Ultimate parent company

MAGNET & STEEL LTD

05836433

MAGNET & STEEL LTD Shareholders

philip vincent david cartledge

100%

Magnet & Steel Ltd currently has 4 directors. The longest serving directors include Mr Philip Cartledge (Jun 2006) and Mr David Thompson (May 2017).

officer	country	age	start	end	role
Mr Philip Cartledge	Wales	56 years	Jun 2006	-	Director
Mr David Thompson	United Kingdom	50 years	May 2017	-	Director
Mr Adam Harvey		35 years	Jul 2017	-	Director
Mr Richard Coombs		50 years	Oct 2019	-	Director

EXPORT

Magnet & Steel Ltd's latest turnover from September 2022 is estimated at £2.5 million and the company has net assets of £1.5 million. According to their latest financial statements, Magnet & Steel Ltd has 10 employees and maintains cash reserves of £627.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	2,454,419	3,769,164	3,990,016	3,697,792	3,549,932	3,680,449	3,695,628	4,649,018	4,894,155	5,284,634	4,835,874	3,976,566	4,036,441	1,973,070
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,699,262	2,700,495	2,806,168	2,564,269	2,449,432	2,484,487	2,418,140	3,039,257	3,223,964	3,510,269	3,123,235	2,503,649	2,521,223	0
Gross Profit	755,157	1,068,669	1,183,848	1,133,522	1,100,500	1,195,962	1,277,488	1,609,761	1,670,191	1,774,366	1,712,640	1,472,917	1,515,218	0
Admin Expenses	615,081	907,755	860,081	622,618	497,084	1,265,195	1,233,227	1,450,526	1,586,116	1,717,961	1,672,461	1,451,340	1,426,784	-209,961
Operating Profit	140,076	160,914	323,767	510,904	603,416	-69,233	44,261	159,235	84,075	56,405	40,179	21,577	88,434	209,961
Interest Payable	104,895	78,016	84,575	97,253	83,182	49,022	16,340	0	0	0	0	0	0	0
Interest Receivable	9,642	194	158	942	548	73	20	172	162	240	576	392	173	139
Pre-Tax Profit	44,823	83,091	239,351	414,593	520,783	-118,183	27,941	159,406	84,237	56,644	40,755	21,969	88,607	210,100
Tax	-8,516	-15,787	-45,477	-78,773	-98,949	0	-5,588	-31,881	-17,690	-13,028	-9,781	-5,712	-24,810	-58,828
Profit After Tax	36,307	67,304	193,874	335,820	421,834	-118,183	22,353	127,525	66,547	43,616	30,974	16,257	63,797	151,272
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	36,307	67,304	193,874	335,820	421,834	-118,183	22,353	127,525	66,547	43,616	30,974	16,257	63,797	151,272
Employee Costs	353,632	436,431	453,861	443,563	631,344	640,206	646,012	1,318,335	1,396,150	1,450,942	1,384,015	1,229,785	1,260,788	0
Number Of Employees	10	13	13	13	19	20	20	41	44	47	44	39	41	0
EBITDA*	230,601	253,424	398,920	596,515	690,722	23,366	44,261	256,482	199,853	171,328	158,208	126,429	162,778	254,304

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	676,465	746,356	735,653	778,916	830,018	745,189	769,190	809,110	852,290	925,258	910,386	897,717	738,935	692,227
Intangible Assets	0	0	0	0	0	3,600	7,200	10,800	14,400	0	0	0	0	0
Investments & Other	233,359	233,359	233,359	233,359	233,359	8,359	667	667	667	667	667	667	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	909,824	979,715	969,012	1,012,275	1,063,377	757,148	777,057	820,577	867,357	925,925	911,053	898,384	738,935	692,227
Stock & work in progress	1,000,134	1,324,651	1,299,351	1,381,860	1,134,322	842,767	995,217	735,381	798,131	850,064	798,568	843,889	913,122	704,187
Trade Debtors	112,002	290,128	325,302	213,915	298,346	443,612	290,752	563,046	509,684	511,076	448,607	272,500	190,005	201,471
Group Debtors	869,334	719,885	595,924	548,284	464,675	358,559	248,593	0	0	0	0	0	0	0
Misc Debtors	44,605	73,851	47,033	79,024	77,708	267,763	128,647	0	0	0	0	0	0	0
Cash	627,321	229,784	157,355	159,124	92,011	54,228	3,954	12,397	56,277	8,481	87,328	143,078	13,864	55,420
misc current assets	0	0	0	0	0	0	0	0	0	0	0	29,483	0	0
total current assets	2,653,396	2,638,299	2,424,965	2,382,207	2,067,062	1,966,929	1,667,163	1,310,824	1,364,092	1,369,621	1,334,503	1,288,950	1,116,991	961,078
total assets	3,563,220	3,618,014	3,393,977	3,394,482	3,130,439	2,724,077	2,444,220	2,131,401	2,231,449	2,295,546	2,245,556	2,187,334	1,855,926	1,653,305
Bank overdraft	123,006	402,192	354,729	262,143	423,226	515,456	180,813	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	657,882	822,361	551,910	575,279	618,562	662,150	754,481	1,040,682	1,287,270	1,469,462	1,210,210	962,751	939,752	632,779
Group/Directors Accounts	716	660	1,662	230	455	5,974	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	1,916	19,735	10,526	0	0	0	0	0	0	0
other current liabilities	84,016	45,726	95,496	108,435	167,004	511,029	510,882	0	0	0	0	0	0	0
total current liabilities	865,620	1,270,939	1,003,797	946,087	1,211,163	1,714,344	1,456,702	1,040,682	1,287,270	1,469,462	1,210,210	962,751	939,752	632,779
loans	1,172,161	845,544	955,448	1,200,626	995,579	530,378	342,067	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	20,916	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
other liabilities	0	0	0	0	0	0	0	487,837	464,645	417,413	681,707	943,257	701,005	869,154
provisions	41,142	53,541	54,046	60,957	72,705	50,197	52,194	52,894	57,071	52,755	41,339	0	0	0
total long term liabilities	1,213,303	899,085	1,009,494	1,261,583	1,068,284	580,575	415,177	540,731	521,716	470,168	723,046	943,257	701,005	869,154
total liabilities	2,078,923	2,170,024	2,013,291	2,207,670	2,279,447	2,294,919	1,871,879	1,581,413	1,808,986	1,939,630	1,933,256	1,906,008	1,640,757	1,501,933
net assets	1,484,297	1,447,990	1,380,686	1,186,812	850,992	429,158	572,341	549,988	422,463	355,916	312,300	281,326	215,169	151,372
total shareholders funds	1,484,297	1,447,990	1,380,686	1,186,812	850,992	429,158	572,341	549,988	422,463	355,916	312,300	281,326	215,169	151,372

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	140,076	160,914	323,767	510,904	603,416	-69,233	44,261	159,235	84,075	56,405	40,179	21,577	88,434	209,961
Depreciation	90,525	92,510	75,153	85,611	83,706	88,999	0	93,647	112,178	114,923	118,029	104,852	74,344	44,343
Amortisation	0	0	0	0	3,600	3,600	0	3,600	3,600	0	0	0	0	0
Tax	-8,516	-15,787	-45,477	-78,773	-98,949	0	-5,588	-31,881	-17,690	-13,028	-9,781	-5,712	-24,810	-58,828
Stock	-324,517	25,300	-82,509	247,538	291,555	-152,450	259,836	-62,750	-51,933	51,496	-45,321	-69,233	208,935	704,187
Debtors	-57,923	115,605	127,036	494	-229,205	401,942	104,946	53,362	-1,392	62,469	176,107	82,495	-11,466	201,471
Creditors	-164,479	270,451	-23,369	-43,283	-43,588	-92,331	-286,201	-246,588	-182,192	259,252	247,459	22,999	306,973	632,779
Accruals and Deferred Income	38,290	-49,770	-12,939	-58,569	-344,025	147	510,882	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-12,399	-505	-6,911	-11,748	22,508	-1,997	-700	-4,177	4,316	11,416	41,339	0	0	0
Cash flow from operations	465,937	316,908	265,697	156,110	164,318	-320,307	-102,128	-16,776	57,612	315,003	306,439	130,454	247,472	-77,403
Investing Activities
capital expenditure	-20,634	-103,213	-31,890	-34,509	-168,535	-64,998	43,520	-50,467	-57,210	-129,795	-130,698	-263,634	-121,052	-736,570
Change in Investments	0	0	0	0	225,000	7,692	0	0	0	0	0	667	0	0
cash flow from investments	-20,634	-103,213	-31,890	-34,509	-393,535	-72,690	43,520	-50,467	-57,210	-129,795	-130,698	-264,301	-121,052	-736,570
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	56	-1,002	1,432	-225	-5,519	5,974	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	326,617	-109,904	-245,178	205,047	465,201	188,311	342,067	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-1,916	-17,819	-11,707	31,442	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-487,837	23,192	47,232	-264,294	-261,550	242,252	-168,149	869,154
share issue	0	0	0	0	0	-25,000	0	0	0	0	0	49,900	0	100
interest	-95,253	-77,822	-84,417	-96,311	-82,634	-48,949	-16,320	172	162	240	576	392	173	139
cash flow from financing	231,420	-188,728	-328,163	106,595	359,229	108,629	-130,648	23,364	47,394	-264,054	-260,974	292,544	-167,976	869,393
cash and cash equivalents
cash	397,537	72,429	-1,769	67,113	37,783	50,274	-8,443	-43,880	47,796	-78,847	-55,750	129,214	-41,556	55,420
overdraft	-279,186	47,463	92,586	-161,083	-92,230	334,643	180,813	0	0	0	0	0	0	0
change in cash	676,723	24,966	-94,355	228,196	130,013	-284,369	-189,256	-43,880	47,796	-78,847	-55,750	129,214	-41,556	55,420

P&L

September 2022

turnover

2.5m

-35%

operating profit

140.1k

gross margin

30.8%

+8.52%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2022

net assets

1.5m

+0.03%

total assets

3.6m

-0.02%

cash

627.3k

+1.73%

net assets

Total assets minus all liabilities

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company number

05836433

Type

Private limited with Share Capital

industry

18129 - Printing (other than printing of newspapers and printing on labels and tags) n.e.c.

incorporation date

June 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 6 vale business park, llandow, cowbridge, south glamorgan, CF71 7PF

last accounts submitted

September 2022

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 7 charges/mortgages relating to magnet & steel ltd. Currently there are 3 open charges and 4 have been satisfied in the past.

magnet & steel ltd Company Information

magnet & steel ltd Estimated Valuation

magnet & steel ltd Estimated Valuation

magnet & steel ltd Estimated Valuation

Magnet & Steel Ltd AI Business Plan

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magnet & steel ltd Ownership

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MAGNET & STEEL LTD financials

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magnet & steel ltd Charges & Mortgages

magnet & steel ltd Companies House Filings - See Documents