Magimix Uk Limited

Magimix UK Limited is a medium-sized company based in Surrey, UK, with a 37-year history. Employing 28 people, it boasts assets of £8,300,072 and yearly revenue of £19,461,157. The company, active since its incorporation on June 25, 1987, operates in the wholesale of radio, television goods & electrical household appliances. It has three directors, but no owners were reported. The company regularly imports and exports electrical machinery and equipment, with 17 months of import activity and 41 months of export activity.

The company’s website, retailmagimixspares.co.uk, positions it as the official supplier of Magimix spares, offering guaranteed parts and attachments for kitchen appliances. It's a comprehensive online store showcasing a wide range of Magimix products, from food processors and blenders to juicers and coffee machines. The site also offers reboxed offers and parts guides.

Financially, Magimix UK Limited’s numbers paint a mixed picture. While turnover increased by 7.8% to £19,000,000, net assets decreased by 10% to £4,900,000. Cash and cash equivalents dropped by 37% to £1,300,000, and bank borrowings increased by 140% to £10,000. Trade debtors decreased by 20% to £3,000,000, suggesting improved collection efforts. The decrease in cash reserves could be due to investments in inventory or marketing, or perhaps a slowdown in payments from customers. The company’s size (meeting two of three criteria for a medium company) allows for flexibility, but the decrease in equity raises questions about its long-term financial health. The company's auditor is Ward Williams Limited.

The increased focus on online sales, as reflected in the website, likely contributes to the company's revenue growth. However, the decrease in cash reserves suggests a need to manage working capital more effectively. The company’s continued success will depend on its ability to maintain its reputation for quality and service while navigating the challenges of a competitive market.

Registered in England/Wales under the registration number 02142370, with a registered address at GU7 1HY, Surrey, 19 Bridge Street, Godalming.

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