MAGNA EXTERIORS (BANBURY) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-19 (in 4mo)
Last made up 2025-09-05
Watchouts
None on the register
Cash
£252K
+12,500% vs 2023
Net assets
£4M
+37.2% vs 2023
Employees
815
-13.9% vs 2023
Profit before tax
£4M
+18% vs 2023
Name history
Renamed 2 times since incorporation
- MAGNA EXTERIORS (BANBURY) LIMITED 2016-01-04 → present
- DECOMA EXTERIOR SYSTEMS U.K. LIMITED 2001-07-20 → 2016-01-04
- MAGNA EXTERIOR SYSTEMS LIMITED 1996-09-23 → 2001-07-20
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £167,937,000 | £148,366,000 | |
| Operating profit | £5,029,000 | £5,901,000 | |
| Profit before tax | £3,122,000 | £3,685,000 | |
| Net profit | £2,901,000 | £1,133,000 | |
| Cash | £2,000 | £252,000 | |
| Total assets less current liabilities | £6,699,000 | £7,893,000 | |
| Net assets | £3,042,000 | £4,175,000 | |
| Equity | £3,042,000 | £4,175,000 | |
| Average employees | 947 | 815 | |
| Wages | £34,802,000 | £32,001,000 |
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 | 3.0% | 4.0% | |
| Net margin | 1.7% | 0.8% | |
| Return on capital employed | 75.1% | 74.8% | |
| Current ratio | 0.73x | 0.73x | |
| Interest cover | 2.64x | 2.66x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this, the directors have a reasonable expectation that Magna has the liquidity to ensure that the Company has adequate funds to continue in operational existence and meet its liabilities as they fall due for a minimum of 12 months after signing these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The Company has long term contracts in place with BMW, JLR and Nissan that underpin the business until 2030 and beyond.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| POTENZA, Frank George | Director | 2023-12-14 | Jun 1966 | American |
| SMITH, Mark John | Director | 2011-11-23 | Oct 1968 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENSON, Ronald David | Secretary | 2001-06-08 | 2006-03-30 |
| COLBURN, John Brian | Secretary | 2000-01-04 | 2001-06-08 |
| KAMSCHAL, Margherita | Secretary | 1996-12-03 | 1997-07-10 |
| NORRINGTON, Peter John Courtenay | Secretary | 1997-07-10 | 2000-01-04 |
| SEITZ, Alexej | Secretary | 2006-03-30 | 2018-10-15 |
| S&A SECRETARIES LIMITED | Corporate Secretary | 1996-09-23 | 1996-12-03 |
| ANDREWS, Michael David | Director | 2013-03-14 | 2015-04-01 |
| BENSON, Ronald David | Director | 2002-06-04 | 2006-03-30 |
| BROWNLEE, Robert Addison | Director | 2012-04-10 | 2013-03-14 |
| BROWNLEE, Robert Addison | Director | 2003-12-01 | 2005-03-01 |
| BRUSIUS, Gerd Richard | Director | 2000-01-04 | 2003-12-01 |
| BURROW, Grahame Keith | Director | 2013-10-29 | 2023-12-14 |
| EIBECK, Manfred | Director | 2005-03-01 | 2008-08-12 |
| LIDAUER, Albert | Director | 2011-03-03 | 2012-04-10 |
| MORTIBOYS, David John | Director | 2008-08-12 | 2011-11-30 |
| NAEGELE, Jean Marie | Director | 2002-06-04 | 2002-09-06 |
| NAEGELE, Jean-Marie | Director | 2000-01-04 | 2001-06-08 |
| NORRINGTON, Peter John Courtenay | Director | 1997-07-10 | 2000-01-04 |
| PARK, Anthony Robert Charles William | Director | 2018-10-15 | 2026-03-31 |
| POWER, Alan Joseph | Director | 2001-06-08 | 2005-08-29 |
| SCHULTHEISS, Thomas Albert | Director | 1996-09-23 | 1997-01-23 |
| SEITZ, Alexej | Director | 2006-03-30 | 2018-10-15 |
| SMALLBONE, Sydney Randall | Director | 2001-06-08 | 2005-06-02 |
| WILLIAMS, Richard Dexter | Director | 1996-12-03 | 1999-07-02 |
| WINKLER, Erwin | Director | 2008-01-15 | 2011-03-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Magna International Inc | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 126 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-21 | AA | accounts | Accounts with accounts type full | |
| 2024-09-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-03 | AA | accounts | Accounts with accounts type full | |
| 2023-09-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-28 | AA | accounts | Accounts with accounts type full | |
| 2022-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-11 | AA | accounts | Accounts with accounts type full | |
| 2021-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-20 | AA | accounts | Accounts with accounts type full | |
| 2020-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-03 | AA | accounts | Accounts with accounts type full | |
| 2018-11-08 | AP01 | officers | Appoint person director company with name date | |
| 2018-10-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2018-10-26 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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
-11.7%
£167,937,000 £148,366,000
-
Cash
+12,500%
£2,000 £252,000
-
Net assets
+37.2%
£3,042,000 £4,175,000
-
Employees
-13.9%
947 815
-
Operating profit
+17.3%
£5,029,000 £5,901,000
-
Profit before tax
+18%
£3,122,000 £3,685,000
-
Wages
-8%
£34,802,000 £32,001,000
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