MAGNETIC SYSTEMS TECHNOLOGY LIMITEDActive

Company number 02763007Private limited companyIncorporated 1992
⚠ Accounts overdue. The next accounts were due on 30 Sep 2026 and had not been filed when the register was last updated.

Key figures

£4,050,628+36.9%
Net assets 2022
+25.9%
Average annual growth 2020–2022
02 m4 m6 m202020212022

Ratios

2022
Balance sheet structure
Current assetsFixed assetsLiabilitiesNet assets
05 m10 m15 m202020212022

Dividends

from the accounts
2022

Dividends paid in the financial year: £4,796 (<1% of the profit for the year).

History
2022£4,796
2021£14,277
Filed accounts2020–2022
202020212022
Turnover—10,862,62722,955,835
Profit for the year-22,854216,7881,096,032
Cash at bank and in hand357,325762,285153,933
Total assets8,263,70011,989,45314,816,274
Total liabilities5,669,1849,002,70110,742,503
Net assets / total equity2,557,0352,959,3924,050,628
Average number of employees102131159
Dividends paid—14,2774,796

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 2022

The company's principal activity during the year was the design and

As described in the company's latest filed accounts.

Summary: MAGNETIC SYSTEMS TECHNOLOGY LIMITED

Company

MAGNETIC SYSTEMS TECHNOLOGY LIMITED is a private limited company registered with Companies House under company number 02763007. It was incorporated on 9 Nov 1992. Its status is active. The registered office is in Rotherham (S60). Its nature of business (SIC 2007) is manufacture of electric motors, generators and transformers (27110), manufacture of other electrical equipment (27900), other research and experimental development on natural sciences and engineering (72190).

Accounts

The latest accounts in the database are for 2022 (period ending 31 Dec 2022); the company files full accounts. Turnover was £22,955,835. Profit for the year was £1,096,032. Net assets were £4,050,628, up 36.9% on the previous year. Cash at bank and in hand was £153,933. Total assets were £14,816,274 and total liabilities £10,742,503. The company had an average of 159 employees. Figures are available for 3 financial years (2020–2022).

Control and charges

One person with significant control is registered. 2 of 4 registered charges are outstanding.

Filing deadlines

The next accounts are due by 30 Sep 2026. The next confirmation statement is due by 23 Nov 2026.