Animal Magic Pets Limited

Animal Magic Pets Ltd, based in Margate, UK, is a small, family-run business with an active status, established fifteen years ago in 2010. The company employs just two people and holds £46,693 in assets. With four directors and two owners, it operates from a real address and is registered as a private limited company. Notably, it functions as an irregular importer, primarily dealing in textile products, used clothing, and rags, with just two months of import activity recorded as of March 2016.

The company's core business revolves around the retail sale of flowers, plants, seeds, fertilizers, pet animals, and pet food – a diverse range of products catering to both gardening and pet-owning customers. It operates in specialised stores, suggesting a focus on providing niche products and services. The company has a website, but it's not clear if it's an e-commerce site.

Financially, Animal Magic Pets Ltd presents a mixed picture. While current assets increased by 21% to £47,000, net assets remained stagnant at -£47,000. Bank borrowings were relatively stable, and cash reserves grew significantly by 160% to £10,000. Creditors increased by 7%, and trade debtors remained consistent. The company meets the criteria for a small business, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited financial statements.

The company’s irregular import activity and consistent losses suggest it’s facing challenges. While it maintains a diverse product range and a real address, its financial performance indicates a need for careful management and strategic adjustments.

Registered in England/Wales under the registration number 07169766, with a registered address at CT9 2QY, England, Margate, Kent, 121 Northdown Road.

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