Magdek Thermal Systems Limited

Magdek Thermal Systems Limited, based in Lisburn, Northern Ireland, is a small, active company established 29 years ago. With four employees and £523,819 in assets, it’s a well-established operation. The company, which has two directors and one owner, boasts a perfect 5.0 Google rating based on a single review. It’s an irregular importer, specializing in electrical machinery and equipment, with its last import activity occurring two months ago in May 2024.

The company’s website highlights its focus on animal welfare, positioning itself as an innovator in ventilation, heating, and cooling systems for livestock farmers. It offers a range of products, including calf vent systems, dairy farm ventilations, and drying systems, and even operates an online store with items like Cyclone Fans available for purchase. The website also features a separate division focused on piano restoration, showcasing museum-grade restorations and disaster recovery services. It’s a fascinating blend of agricultural technology and high-end musical instruments.

Financially, Magdek Thermal Systems Limited presents a mixed picture. While current assets increased by 31% to £520,000, equity dropped by 14% to £100,000, and net assets also fell by 14% to £100,000. Bank borrowings decreased by 36% to £58,000, and trade debtors increased significantly by 130%. Creditors also rose by 77% to £370,000. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decline in equity warrants attention. The company is exempt from an audit, so the financial statements are unaudited.

Overall, Magdek Thermal Systems Limited appears to be a stable, albeit slightly pressured, business. Its diverse offerings and focus on specialized markets suggest a resilient model, but the financial trends indicate a need for careful management and a close eye on expenses.

Registered in Northern Ireland under the registration number NI030445, with a registered address at BT28 2GN, Lisburn, County Antrim, Century House, 40 Crescent Business Park.

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