How much does The Magstim Company Limited make?

The Magstim Company Limited reported revenue of £12m and a loss of £451k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does The Magstim Company Limited have?

The Magstim Company Limited reported an average of 92 employees in the year to 31 Dec 2025.

Is The Magstim Company Limited profitable?

No — The Magstim Company Limited reported a loss of £451k in the year to 31 Dec 2025.

Company No. 02308367 · Incorporated 24 Oct 1988

The Magstim Company Limited

Registered name: THE MAGSTIM COMPANY LIMITED

Part of Welcony Incorporated group

The Magstim Company Limited made £12m revenue and a £451k loss in the year to 31 Dec 2025.

The Magstim Company Limited’s revenue fell 8% to £12m in the year to 31 Dec 2025, with a loss of £451k and 92 employees. The company is classified under “manufacture of consumer electronics” and is based in Whitland; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 26400Manufacture of consumer electronics

Status: Active
Location: Whitland, Wales
Age: 38 yrs · since 1988
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The directors regard Welcony Inc., a company registered in the USA, as the ultimate parent company and controlling party.Welcony Inc. is the parent of the smallest and largest group of which the Compa”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£12m

Growth ▼8.5%

Profit

−£451k

Growth —

Profit margin

−3.8%

Gross 51%

Employees

Change ▲5.8%

Profit / employee

−£4.9k

Revenue/employee £131k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15.2m	£9.4m	£13.2m	£12m
Cost of sales	£9.3m	£4.9m	£5.3m	£5.9m
Gross profit	£5.9m	£4.5m	£7.8m	£6.1m
Operating profit	£653k	−£2.4m	−£489k	−£598k
Profit before tax	£474k	−£2.5m	−£670k	−£776k
Profit after tax	£936k	−£1.7m	−£403k	−£451k
Profit (best available)	£936k	−£1.7m	−£403k	−£451k
Staff costs	£4.4m	£4.4m	£4.4m	—
Employees (average)	102	87	87	92
Ratios
Profit margin	6.2%	−18.6%	−3.1%	−3.8%
Gross margin	38.8%	48.2%	59.7%	51%
Revenue per employee	£149k	£108k	£151k	£131k
Profit per employee	£9.2k	−£20.1k	−£4.6k	−£4.9k
Cash conversion	8.3%	—	—	—
Growth (year on year)
Revenue growth	—	▼38%	▲39.9%	▼8.5%
Profit growth	—	▼286.3%	—	—
Headcount growth	—	▼14.7%	0%	▲5.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.7k	£129k	£175k	£468k
Net assets	£7.2m	£5.5m	£5.1m	£4.6m
Fixed assets	£637k	£525k	£438k	£634k
Current assets	£18.1m	£15.4m	£16.8m	£15.9m
Debtors	£1.2m	£1.1m	£863k	£987k
Deferred income	£800k	£622k	£790k	£780k
Cash from operations	£54.2k	£172k	−£267k	−£341k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −3.8%; Profit ÷ revenue.
Gross margin: 51%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £131k; Revenue ÷ average employees.
Profit per employee: −£4.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.2%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼9%; Now £4.6m
Cash at bank: ▲168%; Now £468k
Headcount: ▲6%; Now 92
Deferred income: ▼1%; Now £780k
Fixed assets: ▲45%; Now £634k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Welcony Incorporated (registered outside the UK register)ultimate parent75–100%
The Magstim Company Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£451k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 24 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.