Magna Specialist Confectioners Limited

  • Large
  • Holding
  • Active
  • 53 years
  • 514 employees
  • £37,763,061 (assets)
  • £152,112,664 (revenue)
  • Real address
  • 6 directors
  • 5 owners
  • Regular importer
  • Regular exporter
  • Rating 4.0 (256)

Field of Operation

Manufacture of cocoa and chocolate confectionery
10821 970 companies

Website

magna.co.uk↗

Social media

linkedin↗ instagram↗ facebook↗

Phones

01952290952 08008030135

Summary

Magna Specialist Confectioners Limited, based in Telford, UK, is a large, holding company with an active status. Established 53 years ago in 1972, the company employs 514 people and holds assets worth £37.76 million. Annual revenue reached £152.12 million. With six directors and five owners, the company has a solid 4.0-star rating on Google based on 256 reviews. It regularly imports machinery and parts and exports cocoa products.

The company operates as a manufacturer of chocolate confectionery, supplying global brands and investing over £10 million annually in its factory. Its website highlights a focus on technical solutions and progressive factory development. It’s a sizeable operation, meeting two of the three criteria to be considered large: turnover exceeding £36 million and a balance sheet total over £18 million, as well as having more than 250 employees.

Financially, Magna Specialist Confectioners Limited shows some interesting trends. Current assets have increased by 13% to £38 million, while net assets have decreased by 16% to £36 million. Bank borrowings have increased significantly by 91% to £18 million, and cash reserves have decreased by 98% to £77,000. Creditors have increased by 21%, which could indicate expanding operations or increased reliance on short-term financing. The company’s revenue has increased by 24% to £150 million, which is a positive sign.

The company’s auditor is Fraser Russell Limited. It’s worth noting that the company is not paying much in taxes, with a current tax for period of £1.1 million. The company’s research and development expenses have increased by 4.3% to £220,000. Overall, Magna Specialist Confectioners Limited appears to be a stable, established player in the confectionery industry, though the decrease in cash reserves and increase in bank borrowings warrants monitoring.

Registered in England/Wales under the registration number 01050340, with a registered address at TF3 3BH, Telford, Shropshire, Magna House, Stafford Park 3.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.

Full overview report

Owners & PSC

  • Blackladies Investments Ltd
  • 7 months
  • 50%+
  • Alice Rebecca Mchale
  • 5 years
  • psc
  • Philip Thomas Mchale
  • 5 years
  • psc
  • Robert Benjamin Foskett
  • 5 years
  • psc
  • Foskett Beryl Irene
  • 9 years
  • psc

Managers

Director
Consultant
  • Bould-griffiths Andrea Jane
  • 18 years
  • 1
Finance manager
  • Foskett Robert Benjamin
  • 22 years
  • 5
Company director
  • Mchale Alice Rebecca
  • 22 years
  • 1
Company director

Last reports

Download the last financial report
Download the last confirmation report
* may contain a full shareholder list

Last news

  1. Full accounts made up to 2024-04-30
  2. Notification of Blackladies Investments Limited as a person with significant control on 2024-09-24
  3. Confirmation statement made on 2024-05-21 with updates

Importer profile by HS codes

Last imported products

All imported products

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Exporter profile by HS codes

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Fiddes Payne Ltd
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Tree Harvest Ltd
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