Mag M & E Limited

Mag M & E Limited is a small, active holding company based in London, UK. Founded thirteen years ago in 2012, it employs just two people and holds £460,997 in assets. The company operates from a real address at 41 Hood Avenue and is led by one director and owner. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import operation occurring in February 2023. The company’s primary business involves electrical installation.

The company’s website highlights its role as a leading supplier of commercial laundry equipment, targeting sectors like healthcare, hospitality, and equestrian facilities. It emphasizes durable, energy-efficient machines, a unique five-year service care plan, and expert support available around the clock. The website also showcases testimonials from satisfied customers, reinforcing the company’s reputation for reliability and service.

Financially, Mag M & E Limited presents a mixed picture. While current assets increased by 15% to £460,000, cash reserves took a significant hit, falling 50% to just £160,000. Bank borrowings increased dramatically, reaching £280,000, while trade debtors soared by 250% to £300,000. Creditors also increased, rising 30% to £160,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in cash reserves and the increase in debt are worth noting. The accounts are unaudited, likely due to the company’s small size and exemption from audit. It's a bit concerning that the company’s net losses deepened, but the increase in debtors could be a sign of growth.

The company's reliance on a single director and owner, coupled with the fluctuating financials, suggests a business navigating challenges while striving to maintain its position in the commercial laundry equipment market.

Registered in England/Wales under the registration number 07954470, with a registered address at N14 4QJ, London, 41 Hood Avenue.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.