Cermag Limited
- Small
- Active
- 46 years
- 14 employees
- £503,167 (assets)
- Real address
- 3 directors
- 3 owners
- Regular importer
- Regular exporter
- Family business
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Cermag Ltd is a small, family-owned business with an active status, having been established 46 years ago. Based in Sheffield, UK, the company employs 14 people and holds assets worth £503,167. It operates from a real address and is managed by three directors and three owners. A regular importer and exporter of electrical machinery and equipment, Cermag has 120 months of import activity and 15 months of export activity, with the latest operations in January and February 2025 respectively.
The company’s website showcases a specialized business: the sale of magnets online. It offers a wide range of neodymium, alnico, and ceramic magnets, catering to various applications from guitar pickups to industrial equipment. The site includes detailed product specifications, sizing guides, and even a magnet polarity tester—demonstrating a focus on technical expertise. It also has a section for delivery, taxes, returns policy and helpful info. The company operates an e-commerce platform, with a customer login and various currency options (EUR, GBP, USD).
Financially, Cermag Ltd’s recent performance presents a mixed picture. Current assets have decreased by 6.2% to £500,000, while net assets have fallen by 21% to £290,000. Bank borrowings have decreased by 29% to £24,000, and cash reserves have increased by 19% to £120,000. Trade debtors have risen by 19% to £230,000, while creditors have increased by 21% to £280,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity suggests potential financial pressure. The company is exempt from an audit, so the figures are unaudited.
Registered in England/Wales under the registration number 01385250, with a registered address at S4 8AS, 92-94 Holywell Road, Sheffield.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 5 years
- 25%+
-
Resident of United Kingdom
-
Individual
- 5 years
- 1
- 25%+
-
Resident of United Kingdom
-
Individual
- 5 years
- 2
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 8 years
-
Resident of United Kingdom
-
Individual
- 8 years
-
Resident of United Kingdom
-
Individual
- 8 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted six months ago.
Last news
-
Total exemption full accounts made up to 2024-06-30Download 10 pages pdf report
-
Confirmation statement made on 2024-12-23 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2023-06-30Download 9 pages pdf report
Importer profile by HS codes
Click on the map to see detailed UK statistics on HS code, including companies list.
Last imported products
Click on items to see detailed UK statistics on HS code, including companies list.
Similar importers
- Company names
- HS codes
- Financial data
- Officers and owners
Exporter profile by HS codes
Click on the map to see detailed UK statistics on HS code, including companies list.
Last exported products
Click on items to see detailed UK statistics on HS code, including companies list.
Similar exporters
- Company names
- HS codes
- Financial data
- Officers and owners
FAQ about Cermag Limited
Looking for leads in the UK?
Try our FREE App—access UK datasets with limited features!