Crystal Magick Wholesale Limited

Crystal Magick Wholesale Ltd, based in Ramsgate, UK, is a small, active family business established fifteen years ago. With fourteen employees and £515,998 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports jewelry, precious stones, and metals—a consistent activity spanning sixty-one months, with the most recent import occurring in February 2025—and has also exported these items for eight months, the last shipment made in March 2023. It’s a modest operation, meeting two of the three criteria to be classified as small: turnover under £10.2 million and assets under £5.1 million.

The company’s website is currently unavailable, making it difficult to assess its online presence and direct sales activities. However, its business is described as operating in the other business support service activities n.e.c. industries.

A review of the company’s financial data reveals a mixed picture. While property, plant, and equipment increased by a substantial 64% to £200,000, net assets decreased by 5.3% to £540,000. Cash reserves took a significant hit, plummeting 95% to just £1,700. Trade debtors rose by 19% to £69,000, suggesting a possible increase in outstanding invoices. Creditors also increased by 19% to £160,000. The number of employees reported has dramatically fallen from fourteen to just seven—a 50% decrease—which could be a sign of cost-cutting measures or restructuring. It's worth noting that the company is exempt from a full audit, so the financial information is unaudited.

Overall, Crystal Magick Wholesale Ltd appears to be navigating a period of financial adjustment. While asset growth is positive, the sharp decline in cash and employee numbers raises concerns. The company’s continued import and export activity suggests it remains engaged in its core business, but its long-term financial health will depend on managing its debts and potentially exploring new revenue streams.

Registered in England/Wales under the registration number 07051630, with a registered address at CT12 6PB, Ramsgate, Kent, 29 Ozengell Place Eurokent Business Park.

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