Londonmagicstore Uk Limited

Londonmagicstore Uk Limited, based in Upminster, UK, is a small holding company with an active status, established ten years ago in 2014. The company employs eight people and holds £418,558 in assets, operating from a virtual address shared by numerous other businesses. It’s led by one director and one owner, and regularly imports electrical machinery and equipment – 22 months of import activity were recorded, with the latest in February 2025. Export activity is minimal, with just one month of exporting “None” recorded back in May 2017.

The company’s website, londonmagicstore.co.uk, focuses on the retail sale of mobile phones and accessories, with a wide selection of iPhones, Samsung devices, and related chargers and spares. The site emphasizes competitive pricing, free delivery worldwide, and a 12-month warranty on all handsets. It also features a "new phones" section and collections like "budget-friendly handsets" and "staff picks," catering to a broad range of customer needs. The website also advertises piano restoration services, which is a little unusual.

Financially, Londonmagicstore Uk Limited presents a mixed picture. Current assets decreased by 13% to £420,000, while net assets increased by 12% to £88,000. Bank borrowings overdrafts increased by 24% to £2,800, and cash bank on hand remained steady at £1. Trade creditors decreased significantly by 43%, suggesting improved debt management. However, other creditors increased substantially to £68,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, as is typical for small companies.

The increase in other creditors, coupled with the decrease in current assets, suggests the company might be facing some cash flow challenges, although the decrease in trade creditors is a positive sign. The dual focus on mobile phone retail and piano restoration—a little odd—could indicate diversification efforts or a broader business strategy. It's likely the company is burning through money, but the decrease in trade creditors is a good sign.

Registered in England/Wales under the registration number 09234705, with a registered address at RM14 2SJ, England, Upminster, Essex, Suite 17, Essex House, Station Road.

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