Magical Bamboo Ltd

Magical Bamboo Ltd from Ulverston UK: small company, active status, founded 7 years ago, 2 employees, £5,664 assets, real address, 2 directors, 1 owner, solo founder. 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 last reported current assets is £5,664.

Magical Bamboo Ltd operates within the health and fitness sector, primarily serving as a platform for industry news, job postings, and magazine content. The website, HCM, caters to professionals in the health club management space, offering a comprehensive resource for information and networking. It’s not an e-commerce site directly selling fitness equipment or apparel; instead, it functions as a digital hub for industry-related content, including press releases, product news, and supplier showcases. The site also hosts the HCM Summit, a major event for the sector, and features company profiles and job listings. It seems they are trying to be a one-stop-shop for everything fitness related.

Financially, Magical Bamboo Ltd presents a mixed picture. Current assets have decreased by 21%, falling to £5,700, while net assets also declined by 26%, landing at -£6,600. Bank borrowings increased significantly by 1300%, reaching £160, and cash reserves dropped 1300%, sitting at just £160. Creditors decreased by 24%, falling to £13,000, which could indicate improved debt management. The company’s small size, meeting two of three conditions for being considered small, helps it remain nimble, but the sharp decline in equity raises concerns. The lack of an auditor mentioned (likely due to being a small company) means the figures are unaudited. It’s a bit worrying that they are running a loss, but it could be a startup phase.

Registered in England/Wales under the registration number 11311569, with a registered address at LA12 0HJ, England, Ulverston, 70 Park Road, Swarthmoor.

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