THE MAGNET BAR (DERRY) LTD Financials
- Company number
- NI622419Copy
Copy - Registered office
- 1 Clooney Park Gardens, Londonderry BT47 6NU
- Incorporated
- 22/01/2014
Company snapshot
- Status
- Active
- Employees
- 44 (2025)
- Latest financial data
- 2025
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-63.76%vs 20242024: £21.13K
Total Assets
6.50%vs 20242024: £211.43K
Cash in Bank
-7.35%vs 20242024: £53.75K
Total Liabilities
4.66%vs 20242024: £176.36K
Employees
-7vs 20242024: 51
In 2025, THE MAGNET BAR (DERRY) LTD reported net assets of £7.66K. The same filing shows total assets of £225.17K, cash in bank of £49.80K and total liabilities of £184.59K. Reported headcount was 44 in 2025. Total Assets rose from £211.43K in 2024 to £225.17K in 2025 (6.50%). 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
-63.76%from £21.13K 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 THE MAGNET BAR (DERRY) LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-64.1%vs 2023-40.1% a year compound (CAGR)
Cash in Bank
-30.7%vs 2023-16.8% a year compound (CAGR)
Total Assets
+14.8%vs 2023+7.2% a year compound (CAGR)
Total Liabilities
+15.3%vs 2023+7.4% a year compound (CAGR)
Employees
+10%vs 2023+4Biggest increase
Total Liabilities+15.3%
£160.13K in 2023 to £184.59K in 2025
Biggest decrease
Net Assets-64.1%
£21.32K in 2023 to £7.66K in 2025
THE MAGNET BAR (DERRY) LTD's filings pull in both directions between 2023 and 2025. 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 THE MAGNET BAR (DERRY) 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
- 3.40%2025
- Liabilities to total assets
- 81.98%2025
- Cash to liabilities
- 26.98%2025
- Cash to total assets
- 22.12%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 THE MAGNET BAR (DERRY) 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£ | 36.32K | 43.45K | 21.32K | 21.13K | 7.66K |
| Total Assets£ | 100.92K | 197.09K | 196.06K | 211.43K | 225.17K |
| Cash in Bank£ | – | 115.20K | 71.87K | 53.75K | 49.80K |
| Total Liabilities£ | 64.60K | 145.13K | 160.13K | 176.36K | 184.59K |
| Employees | 25 | 41 | 40 | 51 | 44 |
THE MAGNET BAR (DERRY) LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has THE MAGNET BAR (DERRY) LTD filed financial statements?
Yes. Okredo holds filed figures for THE MAGNET BAR (DERRY) LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
What net assets did THE MAGNET BAR (DERRY) LTD report in 2025?
THE MAGNET BAR (DERRY) LTD reported net assets of £7.66K for 2025. That compares with £21.13K in 2024, a change of -63.76%.
What total assets did THE MAGNET BAR (DERRY) LTD report in 2025?
THE MAGNET BAR (DERRY) LTD reported total assets of £225.17K for 2025. That compares with £211.43K in 2024, a change of 6.50%.
What cash in bank did THE MAGNET BAR (DERRY) LTD report in 2025?
THE MAGNET BAR (DERRY) LTD reported cash in bank of £49.80K for 2025. That compares with £53.75K in 2024, a change of -7.35%.
How many people does THE MAGNET BAR (DERRY) LTD employ?
THE MAGNET BAR (DERRY) LTD reported 44 employees in 2025, compared with 51 in 2024.
How have THE MAGNET BAR (DERRY) LTD financials changed over the last 3 years?
Between 2023 and 2025, THE MAGNET BAR (DERRY) LTD's net assets fell by 64.1%, cash in bank fell by 30.7%, total assets rose by 14.8% and total liabilities rose by 15.3%. Net assets contracted at 40.1% a year across the two years to 2025, from £21.32K to £7.66K. Reported headcount went from 40 in 2023 to 44 in 2025 (+4).
Which years of THE MAGNET BAR (DERRY) 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.