MAGNA INSURANCE BROKERS LIMITED

Active
Company number 12347304Private limited companyIncorporated 2019

Key figures

£18,422-76.3%
Net assets 2024/25
+240.9%
Average annual growth 2019/20–2024/25
020 k40 k60 k80 k2019/202020/212021/222022/232023/242024/25

Like most small UK companies, MAGNA INSURANCE BROKERS LIMITED does not publish a profit and loss account in its latest accounts. The figures below come from the balance sheet.

Ratios

2024/25

Sector comparison

SIC 66220

Where the company stands among the 5,848 active companies whose first SIC code is 66220 (Activities of insurance agents and brokers).

Net assets£18,422
Lower than 59% · median £35,313
Total assets£85,607
Lower than 54% · median £102,736
Cash£83,924
Higher than 52% · median £71,736
Employees0
Lower than 75% · median 2
Company age6.9 years
Younger than 62% · median 9.7 years
Largest in this sector by net assets
  1. AON UK LIMITED£1.4bn
  2. MARSH LIMITED£1.2bn
  3. PIB GROUP LIMITED£799.9m
  4. FIRST CENTRAL INSURANCE MANAGEMENT LIMITED£636.6m
  5. AUTOMOBILE ASSOCIATION INSURANCE SERVICES LIMITED£311m
  6. MONY GROUP FINANCIAL HOLDINGS LIMITED£249.6m
  7. MATTERHORN HOLDCO LIMITED£228.3m
  8. MATTERHORN BIDCO LIMITED£180.5m
  9. PIB GROUP BENELUX (UK) LIMITED£150.2m
  10. PARAGON INTERNATIONAL INSURANCE BROKERS LIMITED£131.9m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 5,848. The line on each bar marks the median.

Summary: MAGNA INSURANCE BROKERS LIMITED

What kind of company is it?

MAGNA INSURANCE BROKERS LIMITED is a private limited company registered with Companies House under company number 12347304. It was incorporated on 4 Dec 2019. Its status is active. The registered office is in Huddersfield (HD1). Its nature of business (SIC 2007) is activities of insurance agents and brokers (66220).

How is the company doing financially?

The latest accounts in the database are for 2024/25 (period ending 31 Jul 2025); the company files small company accounts (filleted). Net assets were £18,422, down 76.3% on the previous year. Cash at bank and in hand was £83,924. Total assets were £85,607 and total liabilities £150,212. The company had an average of 0 employees. Figures are available for 6 financial years (2019/20–2024/25).

How does it compare with similar companies?

Compared with 5,848 active companies whose first SIC code is 66220: By net assets it ranks lower than 59% of them (median £35,313). By total assets it ranks lower than 54% of them (median £102,736). By cash it ranks higher than 52% of them (median £71,736). By number of employees it ranks lower than 75% of them (median 2). It is younger than 62% of them (median age 9.7 years).

Who runs and controls the company?

The company has 2 current directors. 2 persons with significant control are registered.

When are its next filings due?

The next accounts are due by 30 Apr 2027. The next confirmation statement is due by 17 Dec 2026.

Filed accounts2019/20–2024/25
2020/212021/222022/232023/242024/25
Cash at bank and in hand11,99259,71281,578100,12883,924
Total assets23,31660,48898,388101,39785,607
Total liabilities22,67345,281121,857145,893150,212
Net assets / total equity64315,20759,30077,67718,422
Average number of employees33550

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.

History

18 events
  1. Financial year 2024/25 endedAccounts: net assets £18.4k, 0 employees
  2. Financial year 2023/24 endedAccounts: net assets £77.7k, 5 employees
  3. Katherine Michelle NICHOLSON appointedDirector
  4. Katherine Michelle Nicholson registered as a person with significant control
  5. James Michael Gerald MANNING resignedDirector
  6. James Michael Gerald Manning ceased to be a person with significant control
  7. Financial year 2022/23 endedAccounts: net assets £59.3k, 5 employees
  8. Financial year 2021/22 endedAccounts: net assets £15.2k, 3 employees
Earlier events (10)
  1. Financial year 2020/21 endedAccounts: net assets £643, 3 employees
  2. Lee Robert NICHOLSON appointedDirector
  3. Lee Robert Nicholson registered as a person with significant control
  4. Katherine Michelle Nicholson ceased to be a person with significant control
  5. Name changed to MAGNA INSURANCE BROKERS LIMITEDPreviously MAGNA BROKERS LIMITED
  6. Financial year 2019/20 endedAccounts: net assets £40, 1 employee
  7. James Michael Gerald MANNING appointedDirector
  8. James Michael Gerald Manning registered as a person with significant control
  9. Katherine Michelle Nicholson registered as a person with significant control
  10. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current and former persons with significant control, and the end of each financial year with figures in the database.