Mag Cargo Ltd

Mag Cargo Ltd from London UK: small company, active status, founded 5 years ago, £18,894 assets, real address, 1 director, 1 owner, solo founder. Regular importer of furniture, lighting, and prefabricated buildings (6 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £18,894.

Based on its website, Mag Cargo Ltd operates as a logistics company specializing in international transportation between Turkey and Europe. With centers in London and Istanbul, it offers services including international expert logistics solutions, overseas removals, new furniture removals, commercial goods transport, and vehicle transport. The company caters to various industries, including wholesale of fruit and vegetables, removal services, and transportation support activities. The website highlights services like international moving, new furniture transport, commercial goods transport, and cargo transport, emphasizing secure and fast deliveries across Europe. It even offers specialized vehicle transport solutions, customs clearance support, and a range of other logistics services.

Financially, Mag Cargo Ltd presents a mixed picture. While current assets have increased significantly, jumping from £100 to £19,000—a staggering 19,000% increase—net assets have plummeted to -£1,300. Bank borrowings have also increased, reaching £29,000. Cash reserves, however, have seen a substantial drop, falling 250% to £350. Creditors remain stable at £20,000, and trade debtors are steady at £4,900. The company’s solo founder, Mehmet Maybarskan, appears to be managing the business with a small team, as no employees are reported. The company's accounts are described as "filleted" and unaudited, which is common for small companies. The company is not audited, relying on director-reported data.

Registered in England/Wales under the registration number 12090537, with a registered address at N3 2LN, England, London, 338a Regents Park Road, Finchley Central.

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