MAGNETIX LTD Financials
- Company number
- SC681153Copy
Copy - Registered office
- 1 Cambuslang Court, Glasgow G32 8FH
- Incorporated
- 17/11/2020
Company snapshot
- Status
- Active
- Employees
- 5 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-12.56%vs 20242024: £39.30K
Total Assets
-9.40%vs 20242024: £205.35K
Cash in Bank
42.76%vs 20242024: £31.64K
Total Liabilities
-8.65%vs 20242024: £166.05K
Employees
0vs 20242024: 5
In 2025, MAGNETIX LTD reported net assets of £34.36K. The same filing shows total assets of £186.05K, cash in bank of £45.17K and total liabilities of £151.69K. Reported headcount was 5 in 2025. Total Assets fell from £205.35K in 2024 to £186.05K in 2025 (-9.40%). Okredo holds filed figures for 2021–2025; 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
-12.56%from £39.30K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures MAGNETIX LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+10.8%vs 2023+5.2% a year compound (CAGR)
Cash in Bank
-37.2%vs 2023-20.7% a year compound (CAGR)
Total Assets
+1%vs 2023+0.5% a year compound (CAGR)
Total Liabilities
-0.9%vs 2023-0.5% a year compound (CAGR)
Employees
+25%vs 2023+1Biggest increase
Employees+25%
4 in 2023 to 5 in 2025
Biggest decrease
Cash in Bank-37.2%
£71.91K in 2023 to £45.17K in 2025
MAGNETIX LTD's filings pull in both directions between 2023 and 2025. The steepest rise came in employee numbers, pointing to an expanding team, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MAGNETIX LTD'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
- 18.47%2025
- Liabilities to total assets
- 81.53%2025
- Cash to liabilities
- 29.78%2025
- Cash to total assets
- 24.28%2025
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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MAGNETIX LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 283.00 | 1.05K | 31.03K | 39.30K | 34.36K |
| Total Assets£ | 127.08K | 215.13K | 184.13K | 205.35K | 186.05K |
| Cash in Bank£ | 10.01K | 162.81K | 71.91K | 31.64K | 45.17K |
| Total Liabilities£ | 126.80K | 214.08K | 153.10K | 166.05K | 151.69K |
| Employees | 4 | 4 | 4 | 5 | 5 |
MAGNETIX LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has MAGNETIX LTD filed financial statements?
Yes. Okredo holds filed figures for MAGNETIX LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
What net assets did MAGNETIX LTD report in 2025?
MAGNETIX LTD reported net assets of £34.36K for 2025. That compares with £39.30K in 2024, a change of -12.56%.
What total assets did MAGNETIX LTD report in 2025?
MAGNETIX LTD reported total assets of £186.05K for 2025. That compares with £205.35K in 2024, a change of -9.40%.
What cash in bank did MAGNETIX LTD report in 2025?
MAGNETIX LTD reported cash in bank of £45.17K for 2025. That compares with £31.64K in 2024, a change of 42.76%.
How many people does MAGNETIX LTD employ?
MAGNETIX LTD reported 5 employees in 2025, compared with 5 in 2024.
How have MAGNETIX LTD financials changed over the last 3 years?
Between 2023 and 2025, MAGNETIX LTD's net assets rose by 10.8%, cash in bank fell by 37.2%, total assets rose by 1% and total liabilities fell by 0.9%. Net assets compounded at 5.2% a year across the two years to 2025, from £31.03K to £34.36K. Reported headcount went from 4 in 2023 to 5 in 2025 (+1).
Which years of MAGNETIX LTD financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.