7magok Ltd

7magok Ltd, based in Ivybridge, UK, is a small, active company founded seven years ago. With three employees and £85,595 in assets, it operates from a real address and is managed by two directors and owners. The company is irregular importer of wood and wood products (just one month of imports recorded), but a regular exporter of furniture, lighting, and prefabricated buildings (four months of exports).

The company’s website, 7magokfurniture.co.uk, showcases a range of handcrafted, sustainable furniture, primarily solid oak tables and desks. The site emphasizes natural, ethical, and handmade products, catering to both residential and commercial customers. It’s clear the company focuses on direct-to-consumer sales through its website, with a strong emphasis on customizable options and UK-wide delivery. The website also includes a blog with helpful tips on furniture care and design inspiration, suggesting a desire to engage with customers beyond just sales.

Financially, 7magok Ltd shows a mixed picture. Current assets have significantly decreased by 62%, falling to £86,000, while net assets have also declined by 33%, reaching £120,000. Bank cash has plummeted 69%, down to £61,000. Trade debtors have shrunk by 28%, which could indicate better cash flow management, but creditors have also decreased by 45%, suggesting a reduction in outstanding payments. Fixed assets, however, have seen a substantial increase of 110%, likely due to investment in equipment. The company, qualifying as small (meeting two of three criteria), benefits from agility, but the decrease in equity raises questions about its long-term financial health. As a small company, it's exempt from an audit, so the financial statements are unaudited.

Overall, 7magok Ltd appears to be a small business navigating a competitive market. Its focus on sustainable, handcrafted furniture and direct-to-consumer sales is a strong foundation, but the recent financial trends suggest a need to carefully manage costs and maintain a healthy cash flow.

Registered in England/Wales under the registration number 10925066, with a registered address at PL21 0LD, England, Ivybridge, Devon, Quither, Whiteley Farm, Bittaford.

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