MAGNA PROJECTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-09 (in 10mo)
Last made up 2026-02-23
Watchouts
None on the register
Cash
£3M
-34.5% vs 2023
Net assets
£2M
+1.4% highest in 4 filed years
Employees
21
+23.5% highest in 4 filed years
Profit before tax
£2M
+14.8% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £18,497,705 | £22,185,046 | |
| Operating profit | — | — | £1,844,390 | £2,018,152 | |
| Profit before tax | — | — | £1,830,205 | £2,101,308 | |
| Net profit | — | — | £1,405,068 | £1,567,492 | |
| Cash | £386,810 | £2,042,686 | £4,531,719 | £2,966,568 | |
| Total assets less current liabilities | £292,901 | £1,511,124 | £2,479,563 | £2,420,308 | |
| Net assets | £292,219 | £1,139,348 | £2,067,846 | £2,097,568 | |
| Equity | £292,219 | £1,139,348 | £2,067,846 | £2,097,568 | |
| Average employees | 0 | 11 | 17 | 21 | |
| Wages | — | — | £821,004 | £1,107,041 | |
| Directors' remuneration | — | — | £12,570 | £202,101 |
Values shown as filed in the company's annual accounts. — 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
+19.9%
£18,497,705 £22,185,046
-
Cash
-34.5%
£4,531,719 £2,966,568
-
Net assets
+1.4%
£2,067,846 £2,097,568
highest in 4 filed years
-
Employees
+23.5%
17 21
highest in 4 filed years
-
Operating profit
+9.4%
£1,844,390 £2,018,152
-
Profit before tax
+14.8%
£1,830,205 £2,101,308
-
Wages
+34.8%
£821,004 £1,107,041
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 | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 10.0% | 9.1% | |
| Net margin | — | — | 7.6% | 7.1% | |
| Return on capital employed | — | — | 74.4% | 83.4% | |
| Gearing (liabilities / total assets) | — | — | 73.2% | 66.8% | |
| Current ratio | — | — | 1.35x | 1.46x | |
| Interest cover | — | — | 82.72x | 99.40x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Michael Dufty Partnership Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis. The director anticipates that the company will continue to be profitable in the forthcoming period and in the foreseeable future. It is anticipated that the company will maintain positive cash flow, sufficient to meet finance obligations as they fall due.”
Significant events
- “Turnover for the year ended 31 December 2024 increased from £18.5 million to £22.2 million.”
- “The company continues to make significant net profit before tax and dividends and achieved a figure of £2.1m for the year. This is up from £1.8m in 2023.”
- “The company's shareholders' funds have increased from £2.068 million as at 31 December 2023 to £2.098 million in 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUTLER, Thomas | Director | 2024-06-21 | Sep 1988 | British |
| FORD, Jodie Leigh | Director | 2024-04-29 | Jun 1993 | British |
| HEATON, Stefan | Director | 2024-06-21 | Feb 1989 | British |
| MORRIS, Christopher | Director | 2024-06-21 | Jul 1984 | British |
| PARKER, Karl Roy | Director | 2021-02-24 | Nov 1988 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WAIN, Tanya Melissa | Secretary | 2022-03-15 | 2024-05-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lott 3 Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-03-22 | Ceased 2024-04-15 |
| Kp Holdings (North West) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-22 | Active |
| Mr Karl Roy Parker | Individual | Shares 75–100%, Voting 75–100% | 2021-02-24 | Ceased 2023-03-22 |
Filing timeline
Last 20 of 46 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-23 | AA | accounts | Accounts with accounts type full | |
| 2025-04-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-13 | CH01 | officers | Change person director company with change date | |
| 2024-12-12 | CH01 | officers | Change person director company with change date | |
| 2024-12-12 | CH01 | officers | Change person director company with change date | |
| 2024-12-12 | CH01 | officers | Change person director company with change date | |
| 2024-12-12 | CH01 | officers | Change person director company with change date | |
| 2024-12-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-10 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-25 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-04-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- 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.