# MAGNITT VENTURES LTD (15977656)

> MAGNITT VENTURES LTD is an active private limited company (company number 15977656) incorporated on 25 September 2024, registered in Newport. Its registered activity is information technology consultancy activities (SIC 62020). Latest small accounts cover the period ending 30 September 2025, showing net assets of −£131k and cash of £82k, with 2 employees on average.

- Status: Active
- Incorporated: 2024-09-25
- Registered office: Newport, NP20 2DW
- SIC 62020: Information technology consultancy activities
- SIC 62090: Other information technology service activities
- Next accounts due: 2027-06-30
- Confirmation statement due: 2027-10-09
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the bottom quarter of 918 comparable companies in Cardiff (median £3,169, upper quartile £32k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-09-30 | −£131k | £82k | £3,569 | £505k | — | — | 2 |

current ratio 0.17; size band micro.

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

- Net assets below zero: Net assets £-130,726 at 30 September 2025
- Current assets below creditors within one year: Current ratio 0.17
- Cash at bank of £50,000 or more: Cash £82,324
- Incorporated two to five years ago: Incorporated 25 September 2024

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

## Persons with significant control

- Mr Bradley Michael Barritt — owns 25–50% of shares; holds 50–75% of voting rights; can appoint or remove directors, since 2024-09-25
- Mr Lorenzo Riccardo Magni — owns 25–50% of shares, since 2024-09-25
- Plane Tree Private Equity (Pty) Ltd (corporate-entity) — holds 25–50% of voting rights; can appoint or remove directors, since 2025-08-26

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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/15977656
HTML: https://firmoscan.com/company/15977656-magnitt-ventures-ltd