Cemag Ltd

Cemag Ltd is a small, active company based in London, UK, founded six years ago in 2019. With just one employee and £23,083 in assets, it’s a solo-founded operation run by a single director and owner, Yegin Cenk. The company operates from a virtual address, registered with eighty-six other companies, and regularly imports furniture, lighting, and prefabricated buildings—five months of import activity were recorded, the last in February 2025.

Cemag Ltd positions itself as a sourcing company and consultancy, offering a range of services from market evaluation to business consultancy. Its website highlights expertise in heavyside building materials and interior fitout solutions, catering to industries like build-to-rent, commercial, residential, hospitality, student accommodation, and healthcare. The company also provides production systems consultancy, specializing in roll forming manufacturing systems and architectural aluminium production. The founder, Cenk Yegin, brings fifteen years of experience from senior roles in multinational companies.

Financially, Cemag Ltd’s recent performance presents a mixed picture. Cash bank on hand increased by a significant 130%, reaching £63,000, which is good news. However, net assets decreased by 63%, settling at £1,600, and bank overdrafts increased by a whopping 210%, now at £5,000. Trade debtors have ballooned by 370%, reaching -£40,000, suggesting difficulties collecting payments. Despite this, creditors decreased by 39%, indicating improved debt management. The company’s small size (meeting two of three conditions for a small company) helps with agility, but the drop in equity and increased overdrafts are concerning. With no auditor mentioned, the figures are unaudited.

Overall, Cemag Ltd seems to be navigating a challenging period. While it’s building a reputation for sourcing and consultancy, the financial data suggest it may be burning through cash—although the increase in cash reserves offers a glimmer of hope.

Registered in England/Wales under the registration number 11940507, with a registered address at N16 9BS, United Kingdom, London, 17 Green Lanes.

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