Greenwood Magnetics Limited

Greenwood Magnetics Ltd from Rochdale, UK, is a small, holding company with an active status, having been established for a remarkable 77 years. The company employs twelve people and holds £729,947 in assets. It operates from a real address and is managed by one director and one owner, although the owner list may not be exhaustive. Greenwood Magnetics regularly imports and exports electrical machinery and equipment, with eight months of import activity and five months of export activity recorded.

The company's website highlights its specialization in magnet manufacturing and supply, catering to a range of industries including food processing, pharmaceuticals, and powder handling. They offer bespoke magnetic solutions and even provide magnet testing services for the food industry. A significant portion of their business involves supplying magnets for steel can conveyors to some of the world’s largest canning companies. They also have a presence in the piano restoration business, which seems to be a separate venture.

Financially, Greenwood Magnetics Ltd shows a mixed picture. Cash bank on hand has increased significantly by 82%, reaching £210,000, which is a positive sign. However, creditors have also risen, increasing by 23% to £230,000. While the company’s net assets have increased slightly by 1.4%, it’s worth noting that property, plant, and equipment have decreased by 6.5%. The company’s small size – meeting two of three conditions for a small company – allows for agility, but the rising creditor levels could indicate a need for careful financial management. With no auditor mentioned, the financial statements are unaudited, relying on director-reported data. It’s also worth noting that the company’s turnover is not mentioned in the report.

Registered in England/Wales under the registration number 00449828, with a registered address at OL12 9EF, England, Rochdale, Lancashire, Unit 1 Buckley Road Industrial Estate, Buckley Road.

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