£20k
vs Oct 2024ActiveNI694617Private limited companyBelfast
MAGEM LTD
Significant control: Elizabeth Bannon (50–75%), Thomas Gerard Bannon (25–50%)
From public filings as at 31 Aug 2026; may contain errors or be out of date.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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What does Magem Ltd sell?
Registered activity: Dispensing chemist in specialised stores (SIC 47730). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
MAGEM LTD is an active private limited company (company number NI694617) incorporated on 16 February 2023, registered in Belfast. Its registered activity is dispensing chemist in specialised stores (SIC 47730). Latest small accounts cover the period ending 31 October 2025, showing net assets of £20k and cash of £62k, with 10 employees on average. Net assets rose 8479% on the prior period (−£240).
Peer position · net assets
By net assets it sits in the lower half of 131 comparable companies in Belfast (median £113k, upper quartile £489k).
02
Ownership and control
- Mrs Elizabeth Bannon
- owns 50–75% of shares
- holds 50–75% of voting rights
- Mr Thomas Gerard Bannon
- owns 25–50% of shares
- holds 25–50% of voting rights
- can appoint or remove directors
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
- 16 February 20233 yrs ago
- Next accounts due
- 31 July 2027in 281 days
- Confirmation statement due
- 2 March 2027in 130 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 47730
- Dispensing chemist in specialised stores
- Accounts type
- Total Exemption Full
- Size band
- MicroCompanies Act thresholds
05
Financials
£62k
−61%vs Oct 2024Not reported
10
No changevs Oct 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 October 2025 | £20k | £62k | £120k | £1.10m | — | — | 10 |
| 31 October 2024 | −£240 | £159k | £109k | £1.32m | — | — | 10 |
Current ratio0.22Current assets ÷ creditors within one year
Cash per employee£6,191Cash ÷ 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 £20,110 at 31 October 2025
- Net assets up 10% or more on the prior period+8479.2% vs prior period
- Current assets below creditors within one yearCurrent ratio 0.22
- Cash at bank of £50,000 or moreCash £61,910
- Incorporated two to five years agoIncorporated 16 February 2023
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 281 days
- Confirmation statement duein 130 days
- Accounts period endNet assets £20k · small accounts
- Accounts period endNet liabilities £240 · small accounts
- Incorporated
08
Similar companies in Belfast
- WARNOCK HEALTHCARE LTDOmagh · inc. Jan 2023
- FULLARTON HEALTHCARE LTDBelfast · inc. Jan 2023
- BURNS PHARM LTDLondonderry · inc. Apr 2023
- NATE NMC LIMITEDEnniskillen · inc. Oct 2022
- A & C PHARMA LTDBelfast · inc. Jun 2023
- NORTH COAST HEALTHCARE LIMITEDArmagh · inc. Sept 2022
All companies incorporated on 16 February 2023 · in Feb 2023.
09
Reminders for MAGEM LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.