MAGMA PRODUCTS LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
6 live charges · 4 lenders · oldest 14.4y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 14.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 confirmation-statement
- • 1 officers
- • 2 accounts
- • 2 other
- • 1 confirmation-statement
- • 3 accounts
- • 2 other
- • 1 confirmation-statement
Corporate timeline (60 events)Click to expand
- 2026-05-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-30➖RUSHTON, Paul Kevin resigneddirector
- 2026-02-16📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-02-16📄legacyaccounts · PARENT_ACC
- 2026-02-16📄legacyother · GUARANTEE2
- 2026-02-16📄legacyother · GUARANTEE2
- 2025-12-18📄accounts-with-accounts-type-smallaccounts · AA
- 2025-08-11➕MCGINIGAL, Scott appointeddirector
- 2025-08-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-17➕MORRISON, Geoffrey Elmslie, Mr. appointeddirector
- 2025-04-11➖ALLAN, Terry Michael resigneddirector
- 2025-02-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-07-10📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-10-24📄accounts-with-accounts-type-smallaccounts · AA
- 2023-06-16📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2023-02-15📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2023-02-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-10🔓Charge satisfied #6
- 2023-02-08➕BLACKWOOD PARTNERS LLP appointedcorporate-secretary
- 2023-02-08➖FARMER, Gordon James resigneddirector
- 2023-02-08➖MACGREGOR, John Angus resigneddirector
- 2023-02-08➖MACGREGOR, Roderick James resigneddirector
- 2023-01-04📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-01-04📄legacyother · GUARANTEE2
- 2021-11-09🔓Charge satisfied #4
- 2021-11-09🔓Charge satisfied #1
- 2021-10-26🔒Charge registered #6Lender: Bank of Scotland PLC (SC327000) as Security Trustee
- 2021-07-20➖COBBAN, Ian George resigneddirector
- 2020-03-03➕MITCHELL, Derek George appointeddirector
- 2020-03-03➖RUSHTON, Helen resignedsecretary
- 2020-03-03➕ALLAN, Terry Michael appointeddirector
- 2020-03-03➕COBBAN, Ian George appointeddirector
- 2020-03-03➕FARMER, Gordon James appointeddirector
- 2020-03-03➕MACGREGOR, John Angus appointeddirector
- 2020-03-03➕MACGREGOR, Roderick James appointeddirector
- 2015-07-30🔓Charge satisfied #2
- 2015-05-16🔓Charge satisfied #5
- 2014-08-21🔒Charge registered #5Lender: Bank of Scotland PLC
- 2014-06-24🔓Charge satisfied #3
- 2014-06-20🔒Charge registered #4Lender: Lloyds Bank Commercial Finance Limited
- 2012-05-24🔒Charge registered #3Lender: Bibby Factors Scotland Limited
- 2012-03-14🔒Charge registered #2Lender: Bank of Scotland PLC
- 2011-12-23🔒Charge registered #1Lender: Bank of Scotland PLC
- 2007-10-17➕RUSHTON, Helen appointedsecretary
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Nexos Solutions Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Nexos Solutions Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 03/03/2020 |
2 historic (ceased) PSCs
- Mr Paul Kevin Rushtonceased 03/03/2020· 25-50% shares
- Mrs Helen Rushtonceased 03/03/2020· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (4 active · 11 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC (SC327000) as Security Trustee | A registered charge | — | 26/10/2021 | 10/02/2023 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 21/08/2014 | 16/05/2015 | |
| satisfied | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 20/06/2014 | 09/11/2021 | |
| satisfied | Bibby Financial Services Bibby Factors Scotland Limited | Floating charge | 1 property | 24/05/2012 | 24/06/2014 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 14/03/2012 | 30/07/2015 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Floating charge | 1 property | 23/12/2011 | 09/11/2021 |