Colormagic Ltd

Colormagic Ltd, based in Chelmsford, UK, is a small, active company founded two years ago. With just one employee and £333,030 in assets, it's a family business run by two directors and two owners. The company regularly imports and exports tanning and dyeing products – 22 months of importing and 10 months of exporting, with the latest export activity recorded in December 2024. It operates within the “other manufacturing n.e.c.” industry.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear if they operate an e-commerce site or primarily serve business-to-business clients.

Financially, Colormagic Ltd's numbers paint a mixed picture. While cash reserves increased by 45% to £7,800, net assets only rose by 85% to £2,100. Bank borrowings increased significantly, jumping 84% to £110,000, and creditors rose by 48% to £360,000. The company’s employee count has increased dramatically, from one to eight, which is a big change. Trade debtors also increased by 21%, which could indicate a reliance on customer payments. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Despite the increase in bank borrowings and creditors, the company’s assets have also increased, suggesting growth. However, the significant increase in employee numbers alongside increased debt raises questions about its operational efficiency. The company’s financial statements are unaudited, so it's difficult to get a complete picture of its health.

Registered in England/Wales under the registration number 14502734, with a registered address at CM3 1QX, England, Chelmsford, Banters House Main Road, Great Leighs.

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