HIMAG PLANAR MAGNETICS LTD

Get an alert when HIMAG PLANAR MAGNETICS LTD files next

Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.

Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-01-03 (in 8mo)

Last made up 2025-12-20

Watchouts

None on the register

Cash

£858K

-2.7% vs 2023

Net assets

£442K

USD 679,450

+206.5% vs 2023

Employees

-10.5% vs 2023

Profit before tax

£223K

USD 297,942

-14.2% vs 2023

Net assets

5-year trend · vs Industrials median

HIMAG PLANAR MAGNETICS LTD·Industrials median · n=22756

Accounts

5-year trend · latest reflected 2024-12-31

Metric	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31
Turnover	—	—	—	£2,361,517	£2,314,307
Operating profit	—	—	—	£271,543	£233,149
Profit before tax	—	—	—	£259,599	£222,727
Net profit	—	—	—	£259,599	£222,727
Cash	£499,591	£609,557	£796,356	£882,067	£858,194
Total assets less current liabilities	—	—	—	£322,350	£507,924
Net assets	—	—	—	£144,249	£442,191
Equity	—	—	—	£144,249	£442,191
Average employees	—	—	—	19	17
Wages	—	—	—	£527,724	£518,839
Directors' remuneration	—	—	—	£0	£0

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Turnover

-2%

£2,361,517 £2,314,307
Cash

-2.7%

£882,067 £858,194
Net assets

+206.5%

£144,249 £442,191
Employees

-10.5%

19 17
Operating profit

-14.1%

£271,543 £233,149
Profit before tax

-14.2%

£259,599 £222,727
Wages

-1.7%

£527,724 £518,839

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31
Operating margin	—	—	—	11.5%	10.1%
Net margin	—	—	—	11.0%	9.6%
Return on capital employed	—	—	—	84.2%	45.9%
Gearing (liabilities / total assets)	—	—	—	94.5%	83.9%
Current ratio	—	—	—	0.90x	1.03x
Interest cover	—	—	—	16.99x	16.72x

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 1 time since incorporation

HIMAG PLANAR MAGNETICS LTD 2012-12-21 → present
PAYTON UK LIMITED 2012-12-20 → 2012-12-21

Audit & accounting basis

Accounting basis: IFRS
Reporting scope: Standalone (parent only)
Auditor: PKF Smith Cooper Audit Limited
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the immediate parent company, Payton Planar Magnetics Limited. The directors have received confirmation that Payton Planar Magnetics Limited intends to support the company for at least one year after these financial statements are signed.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

3 active · 2 resigned

Name	Role	Appointed	Born	Nationality
LICHTENSTEIN, Michal	Director	2013-01-16	Jun 1972	Israeli
YATIV, David	Director	2012-12-20	Aug 1946	Israeli
YATIV, Doron	Director	2013-01-16	Sep 1970	Israeli

Show 2 resigned officers

Name	Role	Appointed	Resigned
CURRAN, Dean	Director	2013-01-16	2014-10-22
DAY, Colin John	Director	2015-04-29	2022-04-16

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Mr David Yativ	Individual	Shares 50–75%, Voting 50–75%	2016-04-06	Active

Filing timeline

Last 20 of 37 total filings

Date	Type	Category	Description
2026-02-23	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2026-01-29	CH01	officers	Change person director company with change date	PDF
2025-09-30	AA	accounts	Accounts with accounts type full	PDF
2025-01-20	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-09-30	AA	accounts	Accounts with accounts type full	PDF
2024-02-12	TM01	officers	Termination director company with name termination date	PDF
2024-02-05	CH01	officers	Change person director company with change date	PDF
2024-01-25	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-09-28	AA	accounts	Accounts with accounts type full	PDF
2023-01-11	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-09-06	AA	accounts	Accounts with accounts type full
2022-04-27	TM01	officers	Termination director company	PDF
2021-12-22	CS01	confirmation-statement	Confirmation statement with updates	PDF
2021-09-03	AA	accounts	Accounts with accounts type full
2021-01-12	CS01	confirmation-statement	Confirmation statement with updates	PDF
2020-10-01	AA	accounts	Accounts with accounts type full
2020-01-09	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2019-09-12	AA	accounts	Accounts with accounts type full
2018-12-20	CS01	confirmation-statement	Confirmation statement with updates	PDF
2018-07-20	AA	accounts	Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 3
Capital events: 0
Officers appointed: 0
Officers resigned: 0

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page