MAGNETAR FINANCIAL (UK) LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-12 (in 7mo)
Last made up 2025-11-28
Watchouts
None on the register
Cash
£1M
-58.2% vs 2023
Net assets
£38M
+64.1% vs 2023
Employees
15
-11.8% vs 2023
Profit before tax
£20M
+17.5% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £36,499,930 | £66,717,560 | |
| Operating profit | £17,330,234 | £20,527,737 | |
| Profit before tax | £17,012,626 | £19,998,216 | |
| Net profit | £17,012,626 | £19,998,216 | |
| Cash | £2,393,662 | £1,001,562 | |
| Total assets less current liabilities | £37,186,880 | £74,651,481 | |
| Net assets | £23,227,930 | £38,110,420 | |
| Equity | £23,227,930 | £38,110,420 | |
| Average employees | 17 | 15 | |
| Wages | £15,110,839 | £38,012,860 |
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 | 47.5% | 30.8% | |
| Net margin | 46.6% | 30.0% | |
| Return on capital employed | 46.6% | 27.5% | |
| Gearing (liabilities / total assets) | 53.1% | 58.7% | |
| Current ratio | 3.92x | 5.19x |
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
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for a period of twelve months from the date that these financial statements were approved. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. The members believe that there is minimal risk to profitability and solvency of the LLP.”
Significant events
- “Post balance sheet events have been evaluated through 24 April 2025. There were no material subsequent events that required recognition or disclosure in the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAGNETAR CAPITAL (UK) LIMITED | Corporate Llp Designated Member | 2005-12-13 | — | — |
| MAGNETAR MANAGEMENT (UK) LIMITED | Corporate Llp Designated Member | 2005-12-13 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| David Jay Snyderman | Individual | significant-influence-or-control-limited-liability-partnership | 2023-10-23 | Ceased 2023-10-23 |
| Alec Litowitz | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2016-04-06 |
| Ross Steven Laser | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2016-04-06 |
| Magnetar Capital (Uk) Limited | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
| Magnetar Management (Uk) Limited | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 62 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-15 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-12-11 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2024-12-10 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2024-12-10 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2024-12-10 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2024-12-10 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2024-12-10 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2024-12-10 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2023-12-05 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-01 | LLPSC01 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-04-20 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2023-03-17 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2022-11-30 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-01 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2022-11-01 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
+82.8%
£36,499,930 £66,717,560
-
Cash
-58.2%
£2,393,662 £1,001,562
-
Net assets
+64.1%
£23,227,930 £38,110,420
-
Employees
-11.8%
17 15
-
Operating profit
+18.5%
£17,330,234 £20,527,737
-
Profit before tax
+17.5%
£17,012,626 £19,998,216
-
Wages
+151.6%
£15,110,839 £38,012,860
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