Magnetic Separations Limited

Magnetic Separations Limited, based in Cheam, UK, is a small, active company established 45 years ago. With four employees and £3,214,364 in assets, it operates from a virtual address shared by 78 other companies, a detail that warrants closer inspection. The business is led by a single director and owner, Gibbard Paul, who also serves as a director. The company regularly imports machinery, boilers, and mechanical appliances; parts, with 83 months of import activity recorded, the latest in February 2025. It also exports these same items, though less frequently, with 5 months of export activity ending in October 2024.

The company’s website highlights its role as a “market leading specialist” in metal and waste recycling solutions, boasting over 130 years of experience and serving over 300 applications worldwide. It offers a wide range of services, from equipment installation and optimization to parts supply and training, catering to both primary and secondary raw materials sectors. The site also features a blog with industry insights and technological updates. It's clear that Magnetic Separations Limited is focused on providing comprehensive solutions for recycling and waste management, with a strong emphasis on technical expertise and customer support.

Financially, Magnetic Separations Limited presents a mixed picture. While cash bank on hand increased by a substantial 29% to £2.3 million, current assets also rose by 42% to £3.2 million. However, net losses deepened, and bank borrowings surged by 2,400%, reaching £29,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The increase from depreciation charge for the year property plant equipment remained constant at £3,400.

In short, Magnetic Separations Limited is holding steady but facing pressures. The company’s focus on technical expertise and customer support, combined with its long history in the industry, suggests a resilient business—but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 01493159, with a registered address at SM2 6JT, England, Cheam, Surrey, Hayles Bridge Offices, 228 Mulgrave Road.

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