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The Magstim Company Limited
- Incorporated
- 24 October 1988 (38 years)
- Industry
- Manufacture of consumer electronics (26400)
- Directors
- David Scott ReesJohn Matthew Mackowski
- Owned by
- Welcony Incorporated
- Accounts type
- Medium
- Region
- Wales
- Address
- Spring GardensWhitlandSA34 0HR
Filing status
- Accounts due
- 30 September 2027
- Last accounts
- 31 December 2025
- Conf. stmt due
- 14 May 2027
- Last conf. stmt
- 30 April 2026
Charges
- Total
- 6
- Outstanding
- 2
- Part satisfied
- 0
- Satisfied
- 4
Officers 2 active
Officer details are public data from the Companies House register.
Rees, David Scott
Director · Appointed 3 June 2025
British
Born May 1978 (48)
Mackowski, John Matthew
Director · Appointed 24 September 2015
American
Born June 1954 (72)
Officer history (20 former)
29 April 2026
Resigned Stolec-Campo, Rhonda as Director
12 June 2025
Resigned Davies, David Gareth Lloyd as Director
3 June 2025
Appointed Rees, David Scott as Director
5 September 2022
Resigned Campbell, William Thomas as Director
5 September 2022
Appointed Davies, David Gareth Lloyd as Director
28 March 2022
Appointed Stolec-Campo, Rhonda as Director
24 March 2022
Resigned Krinke, Lothar as Director
21 May 2021
Resigned Davies, David Gareth Lloyd as Director
1 December 2020
Appointed Campbell, William Thomas as Director
31 March 2018
Resigned Mullen, John Phillip as Director
15 June 2017
Appointed Davies, David Gareth Lloyd as Director
15 June 2017
Appointed Krinke, Lothar as Director
15 June 2017
18 November 2016
Resigned Davies-Scourfield, Jennifer as Director
18 November 2016
Appointed Mullen, John Phillip as Director
18 November 2016
Resigned Polson, Michael John Ross, Dr as Director
18 November 2016
Resigned Davies, Robin Huw as Director
31 October 2015
Resigned Codd, Stephen Stuart as Secretary
24 September 2015
Resigned Jalinous, Reza, Dr as Director
24 September 2015
Appointed Mackowski, John Matthew as Director
24 September 2015
24 September 2015
Resigned Hovey, Roy Leonard Anthony as Director
1 June 2015
31 December 2014
Resigned Whittington, Richard Gordon as Director
31 December 2014
Resigned Roach, Daniel James William, Doctor as Director
31 October 2014
Resigned Freeston, Ian Leslie, Professor as Director
1 April 2013
31 March 2013
1 January 2013
Appointed Polson, Michael John Ross, Dr as Director
1 August 2012
Appointed Whittington, Richard Gordon as Director
1 August 2012
Appointed Roach, Daniel James William, Doctor as Director
1 March 2012
Appointed Davies, Robin Huw as Director
21 December 2011
Resigned Starzewski, John Henry as Director
1 April 2009
Appointed Davies-Scourfield, Jennifer as Director
1 February 2005
Appointed Starzewski, John Henry as Director
31 December 1997
Resigned Davies, Robin Huw as Director
1 November 1996
Appointed Davies, Robin Huw as Director
Ownership 1 active
People and entities with significant control, from the Companies House PSC register
Welcony Incorporated
Corporate entity · Notified 6 April 2016
Owns 75–100% of shares
Corporation
Financials
Figures from 2024 accounts. Newer accounts, made up to 31 December 2025, are filed but not read yet. See them on Companies House
- Cash
- £174,678
- Profit Before Tax
- (£669,976)
- Employees
- 87
- Current Ratio
- 1.4x
- Return on Equity
- -8%
Trend
Shareholder Funds
Balance sheet detail
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Fixed Assets | £437,866 | £525,011 | £637,283 | £759,857 | £845,001 | £968,992 |
| Current Assets | £16,845,647 | £15,373,895 | £18,064,776 | £16,312,032 | £13,594,954 | £9,575,432 |
| Debtors | £13,536,510 | £13,034,316 | £15,326,632 | £10,858,376 | £8,876,704 | £7,464,786 |
| Cash | £174,678 | £129,219 | £4,672 | £370,124 | £480,738 | £145,094 |
| Creditors (< 1 year) | £12,186,763 | £10,399,350 | £11,338,652 | £10,567,635 | £9,943,138 | £7,611,726 |
| Creditors (> 1 year) | £0 | £56,900 | £344,981 | |||
| Net Current Assets | £4,658,884 | £4,974,545 | £6,726,124 | £5,744,397 | £3,651,816 | £1,963,706 |
| Net Assets | £5,499,556 | £7,243,867 | £6,307,373 | £4,091,432 | £2,862,397 | |
| Shareholder Funds | £5,096,750 | £5,499,556 | £7,243,867 | £6,307,373 | £4,091,432 | £2,862,397 |
| Turnover | £15,153,787 | £14,883,316 | £11,252,477 | £11,518,642 | ||
| Cost of Sales | £5,304,365 | £4,865,838 | £9,277,890 | £5,747,022 | £4,230,548 | £5,100,084 |
| Gross Profit | £5,875,897 | £9,136,294 | £7,021,929 | £6,418,558 | ||
| Admin Expenses | £8,335,612 | £6,885,967 | £5,223,392 | £6,651,837 | £6,137,174 | £6,222,760 |
| Staff Costs | £4,352,127 | £4,353,613 | £3,043,599 | £3,018,744 | £3,351,355 | £2,975,744 |
| Operating Profit | £652,505 | £2,484,541 | £1,266,641 | £257,550 | ||
| Profit Before Tax | (£669,976) | (£2,531,281) | £473,597 | £2,301,337 | £1,088,905 | £108,654 |
| Tax | (£267,170) | (£786,970) | (£462,897) | £85,396 | (£140,130) | (£328,864) |
| Profit for Period | (£402,806) | (£1,744,311) | £936,494 | £2,215,941 | £1,229,035 | £437,518 |
Filings 186
| Date | Description | Made Up To | Pages | |
|---|---|---|---|---|
| 29 September 2026 | Accounts for a medium company | 31 December 2025 | ||
| 13 May 2026 | Confirmation statement with no updates | 30 April 2026 | ||
| 1 May 2026 | Termination of appointment of a director | |||
| 17 September 2025 | Full accounts | 31 December 2024 | ||
| 12 June 2025 | Termination of appointment of a director |
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