# MAGNETS FIRST LTD (15299035)

> MAGNETS FIRST LTD is an active private limited company (company number 15299035) incorporated on 21 November 2023, registered in Swindon. Its registered activity is manufacture of other fabricated metal products n.e.c. (SIC 25990). Latest micro accounts cover the period ending 30 April 2026, showing net assets of £16k, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets rose 514% on the prior period (£2,590).

- Status: Active
- Incorporated: 2023-11-21
- Registered office: Swindon, SN5 8YZ
- SIC 25990: Manufacture of other fabricated metal products n.e.c.
- Next accounts due: 2028-01-30
- Confirmation statement due: 2026-12-05
- Accounts type: MICRO ENTITY

By net assets it sits in the lower half of 1,292 comparable companies in Other (median £24k, upper quartile £215k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2026-04-30 | £16k | — | — | £63k | — | — | 1 |
| 2025-04-30 | £2,590 | — | — | £24k | — | — | 2 |

current ratio 1.22; size band micro.

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

- Net assets above zero: Net assets £15,900 at 30 April 2026
- Net assets up 10% or more on the prior period: +513.9% vs prior period
- Incorporated two to five years ago: Incorporated 21 November 2023

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

## Persons with significant control

- Mr David John Pierce — owns 50–75% of shares; holds 50–75% of voting rights; can appoint or remove directors, since 2023-11-21
- Mr Colin French — owns 25–50% of shares, since 2024-10-01

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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/15299035
HTML: https://firmoscan.com/company/15299035-magnets-first-ltd