BUNTING MAGNETICS EUROPE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-04 (in 2mo)
Last made up 2025-06-20
Watchouts
None on the register
Cash
£3M
+103.5% highest in 4 filed years
Net assets
£6M
+14.2% highest in 4 filed years
Employees
75
-16.7% vs 2023
Profit before tax
£1M
-13.2% vs 2023
Name history
Renamed 1 time since incorporation
- BUNTING MAGNETICS EUROPE LIMITED 2012-01-03 → present
- MAGNET APPLICATIONS LIMITED 1964-02-03 → 2012-01-03
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £18,349,465 | £15,934,288 | |
| Operating profit | — | — | — | — | £1,416,129 | £1,220,164 | |
| Profit before tax | — | — | — | — | £1,296,521 | £1,125,952 | |
| Net profit | — | — | — | — | £1,003,828 | £723,887 | |
| Cash | — | — | £1,224,944 | £1,647,802 | £1,709,396 | £3,477,866 | |
| Total assets less current liabilities | — | — | £7,612,970 | £9,337,368 | £6,965,071 | £7,443,222 | |
| Net assets | — | — | £3,575,910 | £4,096,507 | £5,100,335 | £5,824,222 | |
| Equity | £3,365,755 | £3,490,390 | £3,575,910 | £4,096,507 | £5,100,335 | £5,824,222 | |
| Average employees | — | — | 73 | 96 | 90 | 75 | |
| Wages | — | — | — | — | £3,724,862 | £3,536,667 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 7.7% | 7.7% | |
| Net margin | — | — | — | — | 5.5% | 4.5% | |
| Return on capital employed | — | — | — | — | 20.3% | 16.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | 62.3% | 58.0% | |
| Current ratio | — | — | — | — | 1.54x | 1.65x | |
| Interest cover | — | — | — | — | 11.84x | 12.95x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- BUNTING MAGNETICS EUROPE LIMITED · parent
- E Magnets UK 100%
- Master Magnets Limited 100%
- Mastermag Limited 100%
- Metal Detection Limited 100%
Significant events
- “During the year Bunting Magnetics Limited advanced £37,500 (2023: £75,000) to Pilamec Limited, a company previously owned by Bunting Magnetics. The loan advanced was repaid in the post year end period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUNTING JR, Robert John | Director | 2023-06-23 | May 1980 | American |
| CHIRIKURE, Murisi | Director | 2025-07-08 | Jul 1964 | British |
| COLEMAN, Adrian Grant | Director | 2023-06-23 | Dec 1967 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, David Edward Knowles | Secretary | — | 1993-12-30 |
| DANES, Christopher Martin | Secretary | 1998-11-20 | 2010-08-20 |
| DANES, Christopher Martin | Secretary | 1993-12-31 | 1995-11-27 |
| GILLING, Sarah | Secretary | 2018-05-31 | 2021-10-07 |
| MILLS, Yvonne | Secretary | 2021-10-07 | 2023-08-31 |
| PAPWORTH, Gordon Stanley | Secretary | 1995-11-13 | 1998-11-20 |
| TURNER, Robert Bryan | Secretary | 2010-08-20 | 2013-02-19 |
| WEBB, Robert Arthur | Secretary | 2013-02-20 | 2018-05-30 |
| ALLENZA, Antonino | Director | 1995-11-13 | 1998-11-20 |
| AYLING, Simon Adrian | Director | 2013-01-01 | 2023-08-04 |
| BENNETT, David Edward Knowles | Director | — | 1993-12-30 |
| BLUNDEN, Keith | Director | — | 2003-09-28 |
| BROOKER CAREY, Brian | Director | — | 1993-03-20 |
| BUNTING, Robert John | Director | 2008-04-03 | 2025-06-17 |
| CARR, David Glenn | Director | 2008-04-03 | 2008-07-21 |
| CHARPENTIER, Jacques | Director | — | 1994-02-23 |
| COLLIER, Charles Leslie | Director | 2009-10-16 | 2010-08-31 |
| COOPER, James | Director | 1994-03-12 | 1996-10-31 |
| CRAWFORD, Larry Lee | Director | 2011-01-04 | 2011-02-08 |
| DANES, Christopher Martin | Director | 1993-12-31 | 2008-03-28 |
| DONAGHUE, Douglas | Director | 2008-11-06 | 2010-09-28 |
| GILLING, Sarah Jane | Director | 2018-05-31 | 2021-10-07 |
| HUDSON, David John | Director | — | 1998-01-31 |
| SADLER, Peter | Director | 1994-03-12 | 1995-11-13 |
| STEFF, Richard | Director | — | 2011-10-31 |
| THOMPSON, Alan Sydney | Director | 1994-03-12 | 1995-11-13 |
| TURNER, Robert Bryan | Director | 2009-10-16 | 2013-05-13 |
| WEBB, Robert Arthur | Director | 2013-05-14 | 2018-05-30 |
| WIGHTMAN, Timothy Redmayne | Director | 1995-11-13 | 1998-11-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bunting Magnetics Co | Legal person | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 195 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-08-29 MA Memorandum articles
- 2023-08-29 RESOLUTIONS Resolution
- 2023-08-23 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type group | |
| 2023-09-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-08-29 | MA | incorporation | Memorandum articles | |
| 2023-08-29 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-23 | CC04 | change-of-constitution | Statement of companys objects | |
| 2023-08-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-12-20 | AA | accounts | Accounts with accounts type group | |
| 2022-07-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-07 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-13.2%
£18,349,465 £15,934,288
-
Cash
+103.5%
£1,709,396 £3,477,866
highest in 4 filed years
-
Net assets
+14.2%
£5,100,335 £5,824,222
highest in 4 filed years
-
Employees
-16.7%
90 75
-
Operating profit
-13.8%
£1,416,129 £1,220,164
-
Profit before tax
-13.2%
£1,296,521 £1,125,952
-
Wages
-5.1%
£3,724,862 £3,536,667
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers