MAGNESIUM ELEKTRON LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-08 (in 5mo)
Last made up 2025-09-24
Watchouts
None on the register
Cash
£0
Latest balance sheet
Net assets
£101M
-2.5% vs 2023
Employees
298
-5.4% vs 2023
Profit before tax
£13M
+28.7% vs 2023
Name history
Renamed 1 time since incorporation
- MAGNESIUM ELEKTRON LIMITED 1996-02-26 → present
- DMWSL 172 LIMITED 1995-12-28 → 1996-02-26
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £83,857,000 | £78,320,000 | |
| Operating profit | £7,971,000 | £10,224,000 | |
| Profit before tax | £10,250,000 | £13,190,000 | |
| Net profit | £9,575,000 | £12,049,000 | |
| Cash | £0 | £0 | |
| Total assets less current liabilities | £104,028,000 | £101,726,000 | |
| Net assets | £103,300,000 | £100,741,000 | |
| Equity | £103,300,000 | £100,741,000 | |
| Average employees | 315 | 298 | |
| Wages | £13,721,000 | £14,004,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 9.5% | 13.1% | |
| Net margin | 11.4% | 15.4% | |
| Return on capital employed | 7.7% | 10.1% | |
| Gearing (liabilities / total assets) | 9.0% | 11.6% | |
| Current ratio | 7.12x | 5.60x | |
| Interest cover | 16.37x | 19.59x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the Directors are confident that through cash generated from operations and access to Group funding if required, the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of the approval of the financial statements. Therefore, the financial statements have been prepared on a going concern basis.”
Significant events
- “During the Group's strategic review in December 2023, the Group determined that the Graphic Arts business no longer aligns with the overall Luxfer strategy and have initiated a process to divest the Graphic Arts business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COULSON, Benjamin Michael | Secretary | 2024-11-01 | — | — |
| BUTCHER, Andrew William John, Mr. | Director | 2022-05-06 | Oct 1968 | American |
| WARDLOW, Graham David | Director | 2009-03-27 | Jan 1968 | British |
| WEBSTER, Stephen Mark Dale | Director | 2018-01-01 | Oct 1971 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNS, Richard | Secretary | 1996-06-27 | 1996-11-27 |
| FLETCHER, David Nicholas | Secretary | 2016-03-04 | 2018-01-01 |
| GLISE, Megan | Secretary | 2020-08-19 | 2024-11-01 |
| SAVAGE, Jamie Mark | Secretary | 2018-01-01 | 2020-08-19 |
| SEDDON, Linda Frances | Secretary | 1997-07-22 | 2016-03-04 |
| DM COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 1995-12-28 | 1996-06-27 |
| HAMMOND SUDDARDS SECRETARIES LIMITED | Corporate Secretary | 1996-11-27 | 1997-07-22 |
| BARNES, Chris Allen | Director | 2018-01-01 | 2019-07-01 |
| BEADEN, Andrew Michael | Director | 2012-06-26 | 2017-09-30 |
| DAGGER, Christopher John Hilary | Director | 2001-05-08 | 2013-01-31 |
| FLETCHER, David Nicholas | Director | 2017-07-17 | 2018-01-01 |
| FOSTER, Alan | Director | 2001-05-08 | 2003-09-30 |
| HAUGHEY, Edward John | Director | 2003-10-01 | 2017-07-17 |
| KERSHAW, Neil | Director | 2009-03-27 | 2013-12-10 |
| MASKARA, Alok | Director | 2017-07-17 | 2022-05-06 |
| MCKINNON, Ian Bannochie | Director | 1996-02-15 | 2001-09-28 |
| PURVES, Brian Gordon | Director | 2000-06-27 | 2017-07-17 |
| RIX, David Terence | Director | 2013-12-10 | 2017-06-30 |
| WILLIAMS, Stephen Norman | Director | 2009-03-17 | 2011-10-05 |
| 25 NOMINEES LIMITED | Corporate Director | 1995-12-28 | 1996-02-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Luxfer Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 193 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-15 | AA | accounts | Accounts with accounts type full | |
| 2025-05-02 | CH01 | officers | Change person director company with change date | |
| 2024-11-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-27 | AA | accounts | Accounts with accounts type full | |
| 2023-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-14 | AA | accounts | Accounts with accounts type full | |
| 2022-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-06-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-09-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-21 | AP03 | officers | Appoint person secretary company with name date | |
| 2020-08-21 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
-6.6%
£83,857,000 £78,320,000
-
Cash
—
Not reported
-
Net assets
-2.5%
£103,300,000 £100,741,000
-
Employees
-5.4%
315 298
-
Operating profit
+28.3%
£7,971,000 £10,224,000
-
Profit before tax
+28.7%
£10,250,000 £13,190,000
-
Wages
+2.1%
£13,721,000 £14,004,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers