Magh Ltd

Magh Ltd, based in Ilford, UK, is a small, active company founded eight years ago. It employs 21 people and holds £138,537 in assets. The company has a real address and is overseen by one director and owner. It’s an irregular importer, primarily dealing with iron or steel products, with just one month of import activity recorded as of January 2022.

The company’s website reveals a dynamic business focused on temporary site services for the construction industry. MAG Ltd provides electrical, mechanical, and environmental services, including temporary installations, plant hire, and waste disposal. They’ve worked on high-profile projects like the Shell Tower and HS2 development, boasting over 150 years of combined workforce experience. The site highlights their capabilities in providing comprehensive site support services, emphasizing cost-effective, robust, and flexible solutions. They even have a section dedicated to case studies, showcasing their work on various projects.

Financially, Magh Ltd presents a mixed picture. Cash reserves decreased by 45% to £6,200, while bank borrowings were reduced by 28% to £26,000. Creditors remained relatively stable at £390,000, but trade debtors increased by 9.3% to £120,000. Net assets grew by 150% to £8,100, a significant improvement. 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 decrease in cash flow could indicate tighter margins. No auditor is mentioned, consistent with its status as a small, exempt company. The increase in intangible assets by 58% suggests investment in the business, but the decrease in depreciation for plant and machinery may be a cause for concern.

Registered in England/Wales under the registration number 10501569, with a registered address at IG1 4PG, England, Ilford, 55 Cranbrook Road.

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