£34k
−13%vs Nov 2024ActiveSC681153Private limited companyGlasgow
MAGNETIX LTD
Significant control: Sharon Fletcher (25–50%), Sean Summers (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From public filings as at 31 Aug 2026; may contain errors or be out of date.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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Registered activity: Other engineering activities (SIC 71129). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
MAGNETIX LTD is an active private limited company (company number SC681153) incorporated on 17 November 2020, registered in Glasgow. Its registered activity is other engineering activities (SIC 71129). Latest small accounts cover the period ending 30 November 2025, showing net assets of £34k and cash of £45k, with 5 employees on average. Net assets fell 13% on the prior period (£39k).
Peer position · net assets
By net assets it sits in the upper half of 525 comparable companies in Glasgow (median £9,152, upper quartile £36k).
02
Ownership and control
- Mrs Sharon Fletcher
- owns 25–50% of shares
- holds 25–50% of voting rights
- can appoint or remove directors
- Mr Sean Summers
- 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
- 17 November 20205 yrs ago
- Next accounts due
- 30 August 2027in 311 days
- Confirmation statement due
- 1 December 2026in 39 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 71129
- Other engineering activities
- Accounts type
- Total Exemption Full
- Size band
- MicroCompanies Act thresholds
05
Financials
£45k
+43%vs Nov 2024Not reported
5
No changevs Nov 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 30 November 2025 | £34k | £45k | £90k | — | — | — | 5 |
| 30 November 2024 | £39k | £32k | £99k | — | — | — | 5 |
Cash per employee£9,034Cash ÷ 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 £34,361 at 30 November 2025
- Incorporated five or more years agoIncorporated 17 November 2020
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 311 days
- Confirmation statement duein 39 days
- Accounts period endNet assets £34k · small accounts
- Accounts period endNet assets £39k · small accounts
- Incorporated
08
Similar companies in Glasgow
- SINTEC DESIGN LTDGlasgow · inc. Nov 2020
- AVSF CONSULTING LTDGlasgow · inc. Nov 2020
- WHITEFORD CONTRACTING LIMITEDErskine · inc. Dec 2020
- C2E DESIGN LTDGlasgow · inc. Oct 2020
- ELECTREK LTDGreenock · inc. Dec 2020
- MFRS RIGGING LTDJohnstone · inc. Oct 2020
All companies incorporated on 17 November 2020 · in Nov 2020.
09
Reminders for MAGNETIX LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.