STORMAGIC LIMITED
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Cash
£1.7m
-29.8% lowest in 3 filed years
Net assets
-£6m
-37.5% lowest in 3 filed years
Employees
69
+7.8% highest in 3 filed years
Profit before tax
-£1.8m
-18.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £7,509,657 | £7,802,041 | £7,857,895 | +0.7% | |
| Operating profit | -£478,336 | -£1,223,631 | -£1,453,889 | -18.8% | |
| Profit before tax | -£629,267 | -£1,533,566 | -£1,819,690 | -18.7% | |
| Net profit | -£805,560 | -£1,096,958 | -£2,060,641 | -87.9% | |
| Cash | £2,066,461 | £2,355,991 | £1,654,845 | -29.8% | |
| Total assets less current liabilities | £830,795 | £2,125,860 | -£629,428 | -129.6% | |
| Net assets | -£3,595,328 | -£4,384,467 | -£6,030,075 | -37.5% | |
| Equity | -£3,595,328 | -£4,384,467 | -£6,030,075 | -37.5% | |
| Average employees | 61 | 64 | 69 | +7.8% | |
| Wages | £4,875,126 | £5,689,175 | £5,794,196 | +1.8% | |
| Directors' remuneration | £783,441 | £1,039,752 | £777,400 | -25.2% | |
| Directors' pension contributions | £9,490 | £17,682 | £8,183 | -53.7% | |
| Highest paid director | £319,294 | £316,090 | £202,625 | -35.9% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -6.4% | -15.7% | -18.5% | |
| Net margin | -10.7% | -14.1% | -26.2% | |
| Return on capital employed | -57.6% | -57.6% | — | |
| Gearing (liabilities / total assets) | 156.5% | 157.4% | 190.1% | |
| Current ratio | 0.78x | 0.94x | 0.57x | |
| Interest cover | -3.05x | -3.40x | -3.83x |
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 2 times since incorporation
- STORMAGIC LIMITED 2008-01-07 → present
- EXSEQUI LIMITED 2006-05-10 → 2008-01-07
- STAPLE IT LIMITED 2006-02-13 → 2006-05-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors are satisfied that the Group will maintain sufficient liquidity to meet its liabilities as they fall due and will continue to comply with the financial covenants attaching to the facility”
Group structure
- STORMAGIC LIMITED · parent
- StorMagic Inc 100%
- StorMagic Canada Inc 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ODDING, Maarten | Secretary | 2022-09-22 | — | — |
| BEER, Danial | Director | 2021-06-24 | Sep 1970 | Canadian |
| DUCKWORTH, Sally Louise | Director | 2006-10-22 | Jun 1968 | British |
| HALLMEN, David | Director | 2026-01-12 | Dec 1961 | American |
| O'SULLIVAN, Hans | Director | 2022-02-04 | Jul 1958 | Irish |
| ODDING, Maarten | Director | 2025-04-01 | Dec 1984 | Dutch |
| ODLE, Susan | Director | 2025-04-01 | Jun 1971 | Canadian |
| THOMSON, Else Herforth | Director | 2020-04-15 | Jan 1969 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Ian Gerard | Secretary | 2020-04-15 | 2021-04-06 |
| FARRELL, Nigel | Secretary | 2006-02-17 | 2015-04-02 |
| MOORE, Deborah Claire | Secretary | 2015-04-03 | 2020-01-10 |
| BRISTOL LEGAL SERVICES LIMITED | Corporate Secretary | 2006-02-13 | 2006-03-17 |
| BALDOCK, Geoffrey Martin | Director | 2021-05-27 | 2022-07-21 |
| DURKIN, Matthew James | Director | 2014-07-29 | 2015-02-13 |
| FAREY, Christopher John | Director | 2006-02-17 | 2020-01-01 |
| GLENDENNING, John Richard | Director | 2015-02-18 | 2019-04-30 |
| GRAINGER, Brian | Director | 2019-01-02 | 2025-03-31 |
| HUDSON-SEARLE, Geoff Michael | Director | 2020-04-15 | 2024-08-30 |
| JOBBINS, Amanda Catherine St Levens | Director | 2014-07-29 | 2016-02-18 |
| MACMILLAN, Jeffrey Earl | Director | 2020-03-17 | 2021-05-13 |
| MCARTHUR, John Timothy | Director | 2008-02-25 | 2016-10-31 |
| MONSHAW, Andrew | Director | 2018-05-24 | 2024-08-30 |
| O SULLIVAN, Hans | Director | 2006-02-17 | 2020-03-27 |
| STOLZ, Michael John | Director | 2007-08-02 | 2014-08-15 |
| THOMSON, Darren Craig | Director | 2020-09-01 | 2024-08-30 |
| BOURSE NOMINEES LIMITED | Corporate Director | 2006-02-13 | 2006-03-17 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 221 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-20 MA Memorandum articles
- 2025-01-20 RESOLUTIONS Resolution
- 2024-07-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type group | |
| 2026-08-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-09 | AA | accounts | Accounts with accounts type group | |
| 2025-08-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-20 | MA | incorporation | Memorandum articles | |
| 2025-01-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-12 | AA | accounts | Accounts with accounts type group | |
| 2024-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-03 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-12 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
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.