Magickitchens Manchester Ltd

Magickitchens Manchester Ltd, based in Bolton, UK, is a small, active company founded 14 years ago. With three employees and £114,659 in assets, it operates from a real address and is managed by one director and owner. Boasting a perfect 5.0 Google rating from two reviews, the company is an irregular importer of glass and glassware, with its last import activity recorded one month ago in May 2022.

The company’s website showcases a diverse range of products and services, primarily catering to commercial clients. It specializes in shop displays, kiosks, receptions, shop counters, nail bars, and kitchens – offering everything from standard modular reception desks to bespoke kitchen doors and hand-made kitchens. The website also features a section dedicated to previous projects, highlighting its experience and capabilities. It's clear that the company is focused on providing comprehensive solutions for retail and commercial spaces, with a strong emphasis on quality and customization.

Financially, Magickitchens Manchester Ltd presents a mixed picture. While current assets increased by 13% to £110,000, net assets rose by 13% to £190,000, and bank borrowings decreased by 12% to £37,000, there's also a concerning trend. Accumulated depreciation on plant machinery increased by 12%, and cash bank on hand fell by 23% to £14,000. Trade debtors also increased significantly, rising 21% to £100,000. 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 flexibility, but the increase in debtors suggests potential challenges in collecting payments. With no auditor mentioned, the financial data relies on unaudited statements.

Overall, Magickitchens Manchester Ltd appears to be navigating a period of change. While the business is generating revenue and maintaining a strong online presence, the financial figures indicate a need for careful management of cash flow and debt collection.

Registered in England/Wales under the registration number 07575012, with a registered address at BL4 7EA, England, Bolton, Unit 3 Cawdor Street, Farnworth.

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