MAGNECO METREL U.K. LIMITED Financials
- Company number
- 02501896CopyCopy
- Registered office
- Hackworth Ind Park, Shildon, County Durham DL4 1HG
- Incorporated
- 14/05/1990
Company snapshot
- Status
- Active
- Employees
- 24 (2024)
- Latest financial data
- 2024
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-81.80%vs 20232023: £3.86M
Total Assets
-22.77%vs 20232023: £8.86M
Cash in Bank
-63.93%vs 20232023: £4.81M
Total Liabilities
25.40%vs 20232023: £4.75M
Employees
0vs 20232023: 24
In 2024, MAGNECO METREL U.K. LIMITED reported net assets of £702.07K. The same filing shows total assets of £6.85M, cash in bank of £1.73M and total liabilities of £5.96M. Reported headcount was 24 in 2024. Net Assets fell from £3.86M in 2023 to £702.07K in 2024 (-81.80%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-81.80%from £3.86M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures MAGNECO METREL U.K. LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-90.4%vs 2022-69.1% a year compound (CAGR)
Cash in Bank
-65.1%vs 2022-40.9% a year compound (CAGR)
Total Assets
-40.1%vs 2022-22.6% a year compound (CAGR)
Total Liabilities
+57.8%vs 2022+25.6% a year compound (CAGR)
Employees
-4%vs 2022-1Biggest increase
Total Liabilities+57.8%
£3.78M in 2022 to £5.96M in 2024
Biggest decrease
Net Assets-90.4%
£7.35M in 2022 to £702.07K in 2024
MAGNECO METREL U.K. LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MAGNECO METREL U.K. LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 10.26%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 87.09%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 29.10%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 25.34%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £405.30K2024
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MAGNECO METREL U.K. LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 5.63M | 7.35M | 3.86M | 702.07K |
| Total Assets£ | 9.61M | 11.44M | 8.86M | 6.85M |
| Cash in Bank£ | 2.56M | 4.97M | 4.81M | 1.73M |
| Total Liabilities£ | 3.64M | 3.78M | 4.75M | 5.96M |
| Employees | 24 | 25 | 24 | 24 |
MAGNECO METREL U.K. LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MAGNECO METREL U.K. LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
MAGNECO METREL U.K. LIMITED reported net assets of £702.07K for 2024. That compares with £3.86M in 2023, a change of -81.80%.
MAGNECO METREL U.K. LIMITED reported total assets of £6.85M for 2024. That compares with £8.86M in 2023, a change of -22.77%.
MAGNECO METREL U.K. LIMITED reported cash in bank of £1.73M for 2024. That compares with £4.81M in 2023, a change of -63.93%.
MAGNECO METREL U.K. LIMITED reported 24 employees in 2024, compared with 24 in 2023.
Between 2022 and 2024, MAGNECO METREL U.K. LIMITED's net assets fell by 90.4%, cash in bank fell by 65.1%, total assets fell by 40.1% and total liabilities rose by 57.8%. Net assets contracted at 69.1% a year across the two years to 2024, from £7.35M to £702.07K. Reported headcount went from 25 in 2022 to 24 in 2024 (-1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.