Magazine Heaven Direct Limited

Magazine Heaven Direct Ltd from Northampton UK: small company, active status, founded 4 years ago, 4 employees, £292,924 assets, real address, 5 directors, 4 owners, family business. Regular importer of printed materials like books, newspapers, and pictures (11 months imported). Regular exporter of printed materials like books, newspapers, and pictures (4 months exported). 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 company is a regular importer, with its top import category being Printed materials like books, newspapers, and pictures, totaling 11 months of imports. The last import operation was conducted on November 01, 2024. The company is a regular exporter, with its top export categories including Printed materials like books, newspapers, and pictures, totaling 4 of months exports. The last export operation took place on November 01, 2024.

The company’s website showcases a wide selection of specialist magazines, catering to diverse interests from architecture and design to lifestyle and culture. It operates as an online retailer, offering a “buy online” option for numerous titles, including ARK Journal, The New Era, and Simply Scandi. The site is well-organized, with categories for genre, and a client login area. A disclaimer and copyright notice are also present, along with a privacy policy. It's a fairly standard e-commerce setup, focused on a niche market of magazine enthusiasts.

Financially, Magazine Heaven Direct Ltd presents a mixed picture. Current assets have decreased by 12%, dropping to £290,000, while net assets have plummeted 76%, leaving just £11,000. Bank cash has also fallen significantly, down 15% to £210,000. Trade debtors have increased by a substantial 70%, reaching £24,000, which could indicate delayed payments or a strategy to offer more credit to customers. Creditors, however, have decreased by nearly 50%, 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) helps it remain agile, but the sharp decline in equity raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Magazine Heaven Direct Ltd is facing financial pressures despite its active import and export operations. The family-run nature of the business and its focus on a specialist market are strengths, but the declining equity and cash reserves require close attention. It's a bit worrying, really, but hopefully they can turn things around.

Registered in England/Wales under the registration number 12811758, with a registered address at NN2 7AZ, England, Northampton, 22-24 Harborough Road Kingsthorpe.

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