# MAGEM LTD (NI694617)

> 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).

- Status: Active
- Incorporated: 2023-02-16
- Registered office: Belfast, BT1 2GW
- SIC 47730: Dispensing chemist in specialised stores
- Next accounts due: 2027-07-31
- Confirmation statement due: 2027-03-02
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the lower half of 131 comparable companies in Belfast (median £113k, upper quartile £489k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-10-31 | £20k | £62k | £120k | £1.10m | — | — | 10 |
| 2024-10-31 | −£240 | £159k | £109k | £1.32m | — | — | 10 |

current ratio 0.22; size band micro.

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

- Net assets above zero: Net 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 year: Current ratio 0.22
- Cash at bank of £50,000 or more: Cash £61,910
- Incorporated two to five years ago: Incorporated 16 February 2023

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

## Persons with significant control

- Mrs Elizabeth Bannon — owns 50–75% of shares; holds 50–75% of voting rights, since 2023-02-16
- Mr Thomas Gerard Bannon — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors, since 2023-02-16

---
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/NI694617
HTML: https://firmoscan.com/company/NI694617-magem-ltd