The Firmwatch take
Magma Products Limited (SC218417) currently shows: Watch signal detected, based on accounts to 31 March 2024; last refreshed 24 May 2026. Old public accounts — extracted from the latest filed accounts.
Companies House source·Accounts to 31 Mar 2024·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
Incorporated
24 April 2001
25 years on the register
Sector
Other professional, scientific and technical activities n.e.c.
SIC 74909
Size
Not classified
Net assets
£192k
Top 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
Low insolvency risk
The latest public accounts do not show obvious balance-sheet stress. This does not rule out trading problems, but the filed numbers look comparatively steady.
Positive net assets
The latest extracted accounts show assets exceeding liabilities.
Sector benchmark · Professional Services
How this company compares in 52,274 filers in this sector
Top 10% in sector — Magma Products Limited shows £192k in net assets. Sector median is £3k.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
Money
What the balance sheet says
Net assets
£192k
Top 10% in sector · sector median £3k · 52,274 filers in this sector
Cash
Not disclosed
Working cap.
£190k
Median £6k
Current ratio
1.2×
Median 1.4×
Signals · 2
Positive net assets
The latest filed accounts show assets exceeding liabilities.
Old public accounts
The latest extracted accounts period is more than 18 months old.
People
Who runs this company
- MS
MCGINIGAL, Scott
director · since 2025
- MD
MITCHELL, Derek George
director · since 2020
Registered office
Address intelligence
73 other companies use this address.
High-volume registered-office service. Many UK companies use these legitimately, but they are also a known hosting location for shell entities. Treat this as a flag, not a verdict.
Address pattern · AB10 6XU
73 other UK companies registered at this postcode.
Active
72
Dissolved
0
Strike-off action
1
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.