Magic Bullet Fuel Treatments Ltd

Magic Bullet Fuel Treatments Ltd is a small, active company based in Lisburn, Northern Ireland, founded ten years ago in 2015. With just four employees and £83,349 in assets, it’s a solo-founded operation managed by a single director and owner. The company operates in the wholesale of chemical products industries and is an irregular importer, with its top import category being Miscellaneous manufactured goods, totaling one month of imports. The last import operation was conducted in October 2020.

The company’s website showcases a range of fuel treatments designed to improve vehicle performance and efficiency. It appears to be an e-commerce operation, selling products like gasoline and diesel power boosters, E10 fuel treatments, and emission busters. The site also features blog content and customer testimonials, highlighting the benefits of its products. It’s a well-designed website, although the loading speed could be improved.

Financially, Magic Bullet Fuel Treatments Ltd shows some interesting trends. Cash reserves increased dramatically by 72,000%, reaching £35,000, which is a good sign. However, net assets also increased by 65%, reaching £21,000, but creditors increased by 38% to £92,000, which could indicate a reliance on short-term financing. Bank borrowings have disappeared completely, which is positive. 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 stay nimble, but the increase in creditors is something to watch. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Magic Bullet Fuel Treatments Ltd seems to be a small but potentially growing business. The company’s focus on fuel treatments and its online presence suggest a niche market, but the increase in creditors warrants further investigation. It’s a business that’s clearly working hard, and hopefully, it can continue to grow and thrive.

Registered in Northern Ireland under the registration number NI630207, with a registered address at BT28 2EX, Northern Ireland, Lisburn, County Antrim, 15 Ferguson Drive, Knockmore Hill Industrial Estate.

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