MAGNAGHI UK LIMITED
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Cash
£282K
+257.5% highest in 4 filed years
Net assets
£3M
-18.5% vs 2024
Employees
103
-3.7% vs 2024
Profit before tax
-£672K
-164.8% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £5,221,531 | £7,343,162 | £9,982,245 | £11,465,285 | +14.9% | |
| Operating profit | — | -£211,399 | £267,882 | -£470,515 | -275.6% | |
| Profit before tax | £63,204 | -£304,545 | £1,037,669 | -£672,336 | -164.8% | |
| Net profit | £61,635 | -£125,539 | £1,037,669 | -£672,336 | -164.8% | |
| Cash | £280,595 | £15,599 | £78,872 | £281,966 | +257.5% | |
| Total assets less current liabilities | £3,806,614 | £2,908,181 | £4,813,170 | £4,348,919 | -9.6% | |
| Net assets | £2,713,652 | £2,588,113 | £3,625,782 | £2,953,446 | -18.5% | |
| Equity | £2,713,652 | £2,588,113 | £3,625,782 | £2,953,446 | -18.5% | |
| Average employees | 75 | 87 | 107 | 103 | -3.7% | |
| Wages | £1,923,829 | £2,566,886 | £3,262,412 | £4,000,123 | +22.6% | |
| Directors' remuneration | £311,925 | £295,653 | £300,881 | £375,748 | +24.9% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | -2.9% | 2.7% | -4.1% | |
| Net margin | 1.2% | -1.7% | 10.4% | -5.9% | |
| Return on capital employed | — | -7.3% | 5.6% | -10.8% | |
| Gearing (liabilities / total assets) | — | 52.0% | 53.6% | 58.5% | |
| Current ratio | — | 1.20x | 1.75x | 1.69x | |
| Interest cover | — | -2.27x | 2.08x | -2.33x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation — the current trading name was adopted 2024-10-01
- MAGNAGHI UK LIMITED 2024-10-01 → present
- NU-PRO LIMITED 2010-03-05 → 2024-10-01
- NU-PRO SURFACE TREATMENTS LIMITED 1999-03-04 → 2010-03-05
- BI PROCESSES LIMITED 1998-06-08 → 1999-03-04
- INGLEBY (1094) LIMITED 1998-04-14 → 1998-06-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- ML Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements were authorised for issue.”
Significant events
- “At the end of the 3rd Quarter FY2024 the Directors of the Holding Company, Magnaghi UK (Holdings) Ltd, decided to voluntarily liquidate Stanmar Ltd a fellow subsidiary, and transfer the trade and assets of Stanmar to Magnaghi UK Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WILLIMENT, Peter | Secretary | 2003-12-19 | — | British |
| BAILEY, Jason Marcus James | Director | 1998-06-01 | Aug 1964 | British |
| DE BENEDICTIS, Alberto | Director | 2022-07-19 | May 1952 | Italian |
| WILLIMENT, Peter | Director | 2005-06-01 | Dec 1970 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLEY, Ian | Secretary | 2000-11-01 | 2003-12-19 |
| HARDY, Paul James | Secretary | 1999-02-19 | 1999-04-23 |
| MCCARNEY, Paul Reid | Secretary | 1999-12-21 | 2000-11-01 |
| WAIN, Stephen Gerrard | Secretary | 1998-05-28 | 1999-02-19 |
| WOOD, John Hadfield | Secretary | 1999-04-23 | 1999-12-21 |
| INGLEBY NOMINEES LIMITED | Corporate Nominee Secretary | 1998-04-14 | 1998-05-28 |
| COLEY, Ian | Director | 2003-09-30 | 2003-12-19 |
| FLETCHER, Alan Thomas | Director | 2003-12-19 | 2004-01-28 |
| FORSYTH, John Anderson | Director | 2004-01-28 | 2008-11-21 |
| GIANI, Jean-Paul, Dr. | Director | 2022-07-19 | 2026-05-31 |
| HARDY, Paul James | Director | 2003-12-19 | 2004-04-28 |
| HARDY, Paul James | Director | 1998-06-01 | 2003-09-30 |
| HAYES, Stephen Hedley | Director | 1998-05-28 | 1999-02-19 |
| IANNOTTI, Giorgio | Director | 2022-07-19 | 2025-09-30 |
| ILLIANO, Anna | Director | 2023-04-01 | 2026-03-29 |
| MACPHERSON, Duncan Campbell Neil | Director | 1998-06-01 | 1999-02-19 |
| MOORE, Brian Stanley | Director | 1999-04-23 | 2003-06-11 |
| WAIN, Stephen Gerrard | Director | 1998-05-28 | 1999-02-19 |
| WOOD, John Hadfield | Director | 1998-06-01 | 1999-12-21 |
| INGLEBY HOLDINGS LIMITED | Corporate Nominee Director | 1998-04-14 | 1998-05-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Magnaghi (Uk) Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-22 | Active |
| Five Valleys Aerospace Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Appoints directors (as firm) | 2016-06-30 | Ceased 2016-06-30 |
| Five Valleys Aerospace Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-12-22 |
Filing timeline
Last 20 of 157 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-23 RESOLUTIONS Resolution
- 2024-10-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-23 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-19 | AA | accounts | Accounts with accounts type full | |
| 2026-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-15 | AD02 | address | Change sail address company with old address new address | |
| 2026-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-31 | CH03 | officers | Change person secretary company with change date | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-02 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-18 | AD03 | address | Move registers to sail company with new address | |
| 2024-12-18 | AD02 | address | Change sail address company with new address | |
| 2024-10-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-07-29 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-04 | AA | accounts | Accounts with accounts type full | |
| 2023-04-03 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.