Magnetawan Ltd
Registered name: MAGNETAWAN LTD
Magnetawan Ltd made £8.5m revenue and £955k profit in the year to 30 Apr 2024.
Magnetawan Ltd’s revenue fell 6% to £8.5m in the year to 30 Apr 2024, with £955k profit and 20 employees. The company is classified under “wholesale of meat and meat products” and is based in Huddersfield; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Huddersfield, Yorkshire and The Humber
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £10m | £9m | £8.5m |
| Cost of sales | £7.3m | £5.7m | £5.3m |
| Gross profit | £2.7m | £3.3m | £3.2m |
| Operating profit | £1.4m | £1.3m | £1.2m |
| Profit before tax | £1.4m | £1.3m | £1.2m |
| Profit after tax | £1.2m | £1.1m | £955k |
| Profit (best available) | £1.2m | £1.1m | £955k |
| Employees (average) | 24 | 22 | 20 |
| Ratios | |||
| Profit margin | 11.8% | 12.1% | 11.2% |
| Gross margin | 26.8% | 36.4% | 37.5% |
| Revenue per employee | £416k | £410k | £426k |
| Profit per employee | £49.3k | £49.7k | £47.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▼9.8% | ▼5.5% |
| Profit growth | — | ▼7.5% | ▼12.7% |
| Headcount growth | — | ▼8.3% | ▼9.1% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £277k | £801k | £1.2m |
| Net assets | £1.5m | £2m | £2.5m |
| Fixed assets | £682k | £980k | £990k |
| Current assets | £1.1m | £1.3m | £1.9m |
| Debtors | £90.6k | £81.6k | £248k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data May 2025 |
How the business works
- Profit margin
- 11.2%
- Profit ÷ revenue.
- Gross margin
- 37.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £426k
- Revenue ÷ average employees.
- Profit per employee
- £47.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 11.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 2.9%
- Money owed by customers. Low = customers pay quickly.
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
- ▲24%
- Now £2.5m
- Cash at bank
- ▲52%
- Now £1.2m
- Headcount
- ▼9%
- Now 20
- Deferred income
- —
- Now —
- Fixed assets
- ▲1%
- Now £990k
Similar profitable businesses
- Cheale Meats LimitedBrentwood · Wholesale of meat and meat products
- Revenue
- £8.3m
- Profit
- £369k
- Staff
- 6
- Foodbridge FSG LimitedWorcester · Wholesale of meat and meat products
- Revenue
- £9.9m
- Profit
- £374k
- Staff
- 6
- The Bury Black Pudding Co LimitedBury · Wholesale of meat and meat products
- Revenue
- £11.1m
- Profit
- £515k
- Staff
- 119
- George Bolam (Foods) LtdSedgefield Co Durham · Wholesale of meat and meat products
- Revenue
- £12m
- Profit
- £122k
- Staff
- 55
- Astbridge LimitedManchester · Wholesale of meat and meat products
- Revenue
- £12.4m
- Profit
- £1.1m
- Staff
- 6
- Primepak Foods LimitedDriffield · Wholesale of meat and meat products
- Revenue
- £12.6m
- Profit
- £751k
- Staff
- 67
Sources
Latest figures from FullAccounts for the year to 30 Apr 2024 (profit £955k), from the Companies House accounts bulk data published May 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.