Magnet Limited

Reference number: 674360

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Authorised, but in a compromise arrangement

This firm has a formal arrangement with its creditors, which can limit what customers are able to recover from it. Check how it affects you before acting.

What the FCA says

ATTENTION - Firm in a compromise arrangement

This firm has entered into a statutory compromise arrangement with its creditors and/or shareholders. This means it has entered into an arrangement with its creditors and/or shareholders which has altered the rights and obligations of the parties. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. Firms enter into a compromise arrangement for various reasons, so if you are a customer check with the firm to determine whether the compromise arrangement affects you.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When magnet.co.uk first appeared online, and whether it can receive email
  • What kind of line 01325 469441 is
  • Who else gives the postcode DL1 4XT
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • Magnet Kitchens Trading name

FCA permissions and consumer protection

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (1 permission)
  • Credit Broking

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Concerns on the company record

  • Companies House records this company in a voluntary arrangement, but it is still authorised on the FCA register.
  • This company has insolvency history on record.
Company number
02762625
Company status
Voluntary-Arrangement
Company type
Private limited company
Incorporated
6 November 1992 (33 years old)
Registered office
C/O Magnet Limited, 3 Allington Way Yarm Road, Business Park Darlington, County Durham, DL1 4XT
Nature of business
  • Other manufacturing not elsewhere classified (SIC 32990)

Directors and company secretaries

Name Role Born Appointed Other companies
Gemma Claire Louise Doyle Director Mar 1986 17 Jan 2023 22 other companies
Sophie Louise Rose Director May 1986 10 Dec 2025 19 other companies

Other companies run by these 2 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
22
still active
21
went insolvent
1

In the full report: all 22 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • The one that went into liquidation or administration
  • The 19 companies these 2 directors run together
  • All 43 people who have ever been directors, with their dates
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Key dates in its history

Magnet’s history from the FCA register and Companies House, newest first.

Key events (6) All events (89)

2026

30 June 2026

  • Magnet Group Holdco Limited took control (75–100% of shares)
  • Nobia Holdings UK Limited gave up control

Companies House

2016

6 April 2016

  • Nobia Holdings UK Limited took control (75–100% of shares)

Companies House

2015

18 May 2015

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

1992

6 November 1992

  • Incorporated at Companies House

Companies House

In the full report: all 89 events

  • All 89 events in its history (6 shown here)
  • Every director appointment and resignation: 80
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Firms like Magnet

Other firms of the same type (credit broker), nearest first.

In Darlington

Charles WilsonDarlingtonAuthorisedChristopher LandDarlingtonAuthorisedOsman AnwarDarlingtonAuthorisedCharles MooreDarlingtonAppointed representativeStephen EynonDarlingtonAppointed representativeBanner Contracts (Halnaby) LimitedDarlingtonAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Magnet

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 22 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 89 events in its history

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Frequently asked questions about this firm

Is Magnet Limited FCA authorised?
Yes, Magnet Limited (FRN 674360) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since May 2015 and works as a credit broker. The FCA has placed no limits on its permissions.
What is Magnet’s phone number and website?
The FCA register lists the phone number 01325 469441 and the website magnet.co.uk for Magnet. If you were given different contact details, use these to check with the firm before going any further.
Is Magnet a scam or clone?
Magnet is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Magnet?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Magnet handles your money, so check the specific product before you commit. You can also refer complaints about Magnet to the Financial Ombudsman Service, free of charge.
Who owns Magnet?
Magnet is owned by Magnet Group Holdco Limited, which holds 75–100% of shares and 75–100% of votes, since 30 June 2026. Before that, it was controlled by Nobia Holdings UK Limited.
Who runs Magnet?
Companies House lists 2 directors of Magnet: Gemma Claire Louise Doyle and Sophie Louise Rose.
How long has Magnet been in business?
The company was formed on 6 November 1992. Companies House now lists it as voluntary-arrangement.
Does Magnet use any other names?
It trades as Magnet Kitchens.

Sources and links

The full report on Magnet Limited

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