£324k
+47%vs Dec 2024Active06664153Private limited companyNewark
MAGNET INSURANCE SERVICES LTD
Significant control: Ataraxia 18 Limited (50–75%)
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
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Registered activity: Non-life insurance (SIC 65120). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
MAGNET INSURANCE SERVICES LTD is an active private limited company (company number 06664153) incorporated on 5 August 2008, registered in Newark. Its registered activity is non-life insurance (SIC 65120). Latest small accounts cover the period ending 31 December 2025, showing net assets of £324k and cash of £252k, with 11 employees on average. Net assets rose 47% on the prior period (£220k).
Peer position · net assets
By net assets it sits in the top quarter of 1,423 comparable companies in the UK (median £30k, upper quartile £220k).
02
Ownership and control
- Ataraxia 18 Limited
- owns 50–75% of shares
- holds 50–75% of voting rights
- Mr David Nicholas Beach
- owns 25–50% of shares
- holds 25–50% of voting rights
- Mr Anthony Morgan Bound
- owns 75–100% of shares
- holds 75–100% of voting rights
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents. Directors and secretaries: see the officers list at Companies House.
03
Key dates
- Incorporated
- 5 August 200818 yrs ago
- Next accounts due
- 30 September 2027in 337 days
- Confirmation statement due
- 19 August 2027in 295 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 65120
- Non-life insurance
- Accounts type
- Total Exemption Full
- Size band
- MicroCompanies Act thresholds
05
Financials
£252k
+56%vs Dec 2024Not reported
11
No changevs Dec 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 December 2025 | £324k | £252k | £129k | — | — | — | 11 |
| 31 December 2024 | £220k | £162k | £91k | — | — | — | 11 |
Cash per employee£23kCash ÷ average employees
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
06
Filing and accounts signals
- Net assets above zeroNet assets £324,418 at 31 December 2025
- Net assets up 10% or more on the prior period+47.4% vs prior period
- Cash at bank of £50,000 or moreCash £251,912
- Incorporated five or more years agoIncorporated 5 August 2008
Neutral facts read from the register and filed accounts, each with its evidence. They are not a rating, a prediction or advice, and may be incomplete or out of date. How each signal is derived.
07
Timeline
- Next accounts duein 337 days
- Confirmation statement duein 295 days
- Accounts period endNet assets £324k · small accounts
- Accounts period endNet assets £220k · small accounts
- Incorporated
08
Similar companies in Nottingham
- C7 NAMECO LIMITEDGrantham · inc. Sept 2008
- NEW MOON INSURANCE SERVICES LTDNewark · inc. Jun 2008
- LONGSHIP LTDNewark · inc. Mar 2008
- HAVEN CAPITAL LIMITEDGrantham · inc. Jul 2009
- WHEELHOUSE UNDERWRITING LIMITEDGrantham · inc. Jul 2009
- HUDSON UNDERWRITING SERVICES LIMITEDGrantham · inc. Jul 2009
All companies incorporated on 5 August 2008 · in Aug 2008.
09
Reminders for MAGNET INSURANCE SERVICES LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.