Mag Orthotics Limited

Mag Orthotics Ltd, based in Sheffield, UK, is a small, family-run business with an active status, celebrating 21 years since its founding. Employing 35 people and holding assets of £359,364, the company operates from a real address and is overseen by three directors and two owners. Google users have given it a perfect 5.0 rating based on three reviews, and it’s a regular importer of footwear and related items, with 16 months of import activity recorded.

The company’s website highlights its specialization in orthotic devices, materials, and products, catering to the orthotic, podiatry, and associated markets. It offers a wide range of items, from insoles and heel lifts to bespoke products and even iPhone/iPad scanning capabilities for creating custom foot orthotics. The site also showcases a B2B offering, with separate contact details for sales and trade inquiries. It’s clear Mag Orthotics is a key supplier to the healthcare sector, emphasizing quality and innovation.

Financially, Mag Orthotics Ltd presents a mixed picture. Current assets increased by 7.9% to £360,000, while net assets grew by 14% to £520,000. Bank borrowings decreased significantly, falling by 63% to £50,000, and cash reserves surged by 230% to £18,000—a very positive sign. Creditors decreased by 16%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp increase in cash reserves is the most encouraging trend. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Mag Orthotics Ltd seems to be in a healthy position, capitalizing on its reputation for quality and innovation. The company’s ability to manage its finances effectively, combined with its strong Google rating, suggests a bright future.

Registered in England/Wales under the registration number 05032201, with a registered address at S9 2RX, United Kingdom, Sheffield, South Yorkshire, Unit 31 Jessops Riverside, 800 Brightside Lane.

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