Mag Equipment Limited

Mag Equipment Ltd, based in Bradford, UK, is a small holding company with an active status, having been founded eighteen years ago in 2006. The company employs twenty-five people and holds £2,463,847 in assets. It operates from a real address and is overseen by three directors and one owner. Mag Equipment Ltd is a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts, with nineteen months of import activity and fifty-two months of export activity recorded.

The company's website reveals its core business: supplying commercial laundry equipment. It specializes in providing durable and high-performing machines for various sectors, including healthcare, hospitality, equestrian, and sports. Mag Laundry Equipment offers a wide range of products, from washing machines and dryers to ironing equipment and detergents, and provides services like installation, maintenance, and spare parts. The website emphasizes energy efficiency, reliability, and a unique five-year service care plan, with a 24/7 support team available. It even has a section dedicated to testimonials from satisfied customers, like care homes and entertainment venues.

Financially, Mag Equipment Ltd’s recent report shows some interesting trends. Accrued liabilities have increased significantly, jumping 1500% to £95,000, while bank borrowings have decreased by 18% to £49,000. Cash reserves, however, have seen a substantial increase, rising 100% to £770,000. Creditors have also increased, by 54% to £410,000, and trade debtors have ballooned by 46% to £390,000. The company's small size—meeting two of three criteria for being a small company—helps it remain flexible, but the increase in liabilities suggests it may be burning through cash more quickly. The company’s net assets have increased by 27% to £730,000. No auditor is mentioned, likely due to the company’s small size and exemption from an audit. Overall, Mag Equipment Ltd appears to be a stable business, but the rising liabilities warrant close monitoring.

Registered in England/Wales under the registration number 05844767, with a registered address at BD4 7EA, England, Bradford, West Yorkshire, Barnard Buildings, Rutland Street.

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