THE MAGSTIM COMPANY LIMITEDActive
Key figures
Ratios
2025Balance sheet structure
Filed accounts2020–2025
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Turnover | 14,883,316 | 15,153,787 | — | — | 12,039,687 |
| Profit for the year | 2,215,941 | 936,494 | -1,744,311 | -402,806 | -451,480 |
| Cash at bank and in hand | 370,124 | 4,672 | 129,219 | 174,678 | 468,314 |
| Total assets | 17,071,889 | 18,702,059 | 15,898,906 | 17,283,513 | 16,493,120 |
| Total liabilities | 10,624,535 | 11,338,652 | 10,399,350 | 12,186,763 | — |
| Net assets / total equity | 6,307,373 | 7,243,867 | 5,499,556 | 5,096,750 | 4,645,270 |
| Average number of employees | 94 | 102 | 87 | 87 | 92 |
| Average pay (per year) | 32,114 | 29,839 | 50,042 | 50,024 | — |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2025The principal activity of the Company continued to be the development, manufacture and selling of nerve stimulation and nerve monitoring medical devices which are both sold in research and clinicals market. The directors do not envisage any change to the current principal activity of the Company. The Company's ultimate parent is Welcony Inc., which also owns Magstim Inc., a fellow subsidiary involved in the selling and distribution of the Company's products within the US market. Welcony Inc. also owns Technomed Engineering BV, a company whose main activity is the development, manufacture and selling of intraoperative nerve monitoring accessories.
As described in the company's latest filed accounts.
Summary: THE MAGSTIM COMPANY LIMITED
Company
THE MAGSTIM COMPANY LIMITED is a private limited company registered with Companies House under company number 02308367. It was incorporated on 24 Oct 1988. Its status is active. The registered office is in Whitland (SA34). Its nature of business (SIC 2007) is manufacture of consumer electronics (26400).
Accounts
The latest accounts in the database are for 2025 (period ending 31 Dec 2025); the company files medium company accounts. Turnover was £12,039,687. Loss for the year was £451,480. Net assets were £4,645,270, down 8.9% on the previous year. Cash at bank and in hand was £468,314. The company had an average of 92 employees. Figures are available for 6 financial years (2020–2025).
Control and charges
The company has 2 current directors. One person with significant control is registered. 2 of 6 registered charges are outstanding.
Filing deadlines
The next accounts are due by 30 Sep 2027. The next confirmation statement is due by 14 May 2027.