Mag Fashion Limited

Mag Fashion Limited, based in London, UK, is a small, active company established twelve years ago in 2013. With a single employee and £26,665 in assets, it operates from a real address and is managed by one director and owner. The company regularly imports and exports clothing and accessories—excluding knitted or crocheted items—with 65 months of import activity and 6 months of export activity recorded. Its core business revolves around manufacturing other wearing apparel and accessories.

The company's website, Guangzhou Meiyi Fashion Limited, presents itself as a supplier specializing in high-quality fashion production since 2010. It emphasizes quick sampling, massive turnover, and professional service, catering to clients seeking rapid prototyping and bulk production. The website highlights the company's ability to quickly source fabrics, produce samples within days, and offer competitive pricing for bulk orders. It also advertises expertise in fabric development, quick sampling, and competitive bulk orders. Contact information includes a mobile number, WhatsApp/WeChat, and an email address, alongside a physical address in Guangzhou, China.

Financially, Mag Fashion Limited shows a mixed picture. Current assets have decreased by 35% to £27,000, while net assets have fallen by 14% to -£260,000. Bank borrowings have seen a significant decrease of 54%, settling at £44,000, and cash reserves have increased by 34% to £2,400. Creditors have increased by 23% to £220,000, and trade debtors have decreased by 64% to £4,700. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

While the company's financial situation is a little concerning with the negative equity, the ongoing import and export activity suggests it's still operational. The focus on quick sampling and competitive pricing, as highlighted on its website, indicates a strategy geared toward attracting clients seeking efficient and cost-effective fashion production—although it’s unclear if this is enough to offset the current financial pressures.

Registered in England/Wales under the registration number 08366702, with a registered address at E14 9SS, United Kingdom, London, 2007 Arena Tower 25 Cross Harbour Plaza.

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