# MAGNETEC LIMITED (01940441)

> MAGNETEC LIMITED is an active private limited company (company number 01940441) incorporated on 20 August 1985, registered in Portsmouth. Its registered activity is freight transport by road (SIC 49410). Latest small accounts cover the period ending 30 June 2025, showing net assets of £129k and cash of £61k, with 17 employees on average. Net assets fell 16% on the prior period (£154k).

- Status: Active
- Incorporated: 1985-08-20
- Registered office: Portsmouth, PO6 1SU
- SIC 49410: Freight transport by road
- Next accounts due: 2027-03-30
- Confirmation statement due: 2027-09-03
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 192 comparable companies in Portsmouth (median £1,369, upper quartile £16k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-06-30 | £129k | £61k | £154k | — | — | — | 17 |
| 2024-06-30 | £154k | £80k | £171k | — | — | — | 19 |

size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £128,716 at 30 June 2025
- Cash at bank of £50,000 or more: Cash £60,986
- Incorporated five or more years ago: Incorporated 20 August 1985

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Kevin Leonard Matchan — owns 75–100% of shares; holds 75–100% of voting rights, since 2016-04-06

---
Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/01940441
HTML: https://firmoscan.com/company/01940441-magnetec-limited