Permag Limited
- Active
- Small
- 44 years
- 13 employees
- £783,302 (cur assets)
- Regular importer
- Regular exporter
- Real address
- 4 directors
- 2 owners
- Family business
- Larkhall
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
The directors list was changed 1 month ago, a good sign to sell them something.
Field of Operation
Website
Summary
Permag Ltd from Larkhall, UK, is a small, family-run business with an active status, celebrating 43 years in operation. Founded in 1982, the company employs 12 people and holds assets valued at £862,371. It has a real registered address, is overseen by six directors, and is owned by two individuals. Permag Ltd regularly imports electrical machinery and equipment, with a history of 10 months of import activity, and has exported "None" for 15 months.
The company specializes in the manufacture and supply of strip-wound magnetic cores, a niche area within the transformer industry. Its website details a focus on flexible service, small batch orders, and technical assistance. They cater to a wide range of customers, offering various grades and gauges of silicone iron, and even providing custom dimensions and finishes. The company also boasts BS EN ISO 9001:2015 registration, demonstrating a commitment to quality management. It’s clear that Permag Ltd is focused on providing specialized products and services to a specific industrial market.
Financially, Permag Ltd shows a mixed picture. Current assets increased by 11% to £860,000, while net assets grew by 3% to £910,000. Bank borrowings decreased by 66% to £1,000, and cash reserves increased by 290% to £330,000. Trade debtors decreased by 32%, suggesting improved collection practices. However, creditors rose by 140%, which could indicate increased supplier payments. The company meets the criteria to be classified as a small company, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, and the figures are unaudited.
Overall, Permag Ltd appears to be in a reasonably healthy position, with growing assets and strong cash reserves. The increase in creditors should be monitored, but the company’s long history, specialized focus, and commitment to quality suggest a stable and sustainable business.
Registered in Scotland under the registration number SC077253, with a registered address at ML9 2PJ, Larkhall, Baird Avenue, Strutherhill Industrial Estate.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 9 years
- 25%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 3 years
-
Resident of United Kingdom
-
Individual
- 16 years
-
Resident of United Kingdom
-
Individual
- 28 years
-
Resident of United Kingdom
-
Individual
- 28 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted twenty six days ago.
Last news
-
Termination of appointment of Edith Scott Steel Ryan as a director on 2026-01-01Download 1 page pdf report
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Confirmation statement made on 2025-12-31 with updatesDownload 4 pages pdf report
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Termination of appointment of Kenneth Ryan as a director on 2026-01-01Download 1 page pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Permag Limited
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