Magix Solutions Ltd

Magix Solutions Ltd, based in Birmingham, UK, is a small, active company founded six years ago. With two employees and £226,711 in assets, it operates as a solo-founder venture with a real address and a single director. The company runs an e-commerce site and regularly imports and exports electrical machinery and equipment – 60 months of import activity and 11 months of export activity recorded, the latest in June 2024 and October 2023 respectively. It’s described as wholesale of computers, computer peripheral equipment and software, retail sale via mail order houses or via internet industries.

The company’s website, Magix Technology, showcases a wide range of products, including chargers, cables, USB hubs, flash memory, laptop backpacks, and SSDs. It caters to various needs, from smartphones and tablets to gaming and professional video production. The site emphasizes fast charging, video cables, and storage solutions, with a focus on GaN technology and high-performance products. There's a strong emphasis on collection and use, with sections dedicated to gaming, video and photo professionals, and working/travelling. The website also has a community section, a support area, and a business section offering discounts and distribution applications.

Financially, Magix Solutions Ltd presents a mixed picture. Cash bank on hand increased significantly by 65%, reaching £60,000, but current assets decreased by 15%, settling at £230,000. Debtors have plummeted by a substantial 61%, down to £44,000, while creditors remained steady at £240,000. Equity, however, took a hit, dropping to -£12,000 – a significant decline. Loans from directors increased by 140%, reaching £43,000. 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 decrease in equity raises questions. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Despite the financial challenges, Magix Solutions Ltd appears to be a well-organized e-commerce business with a diverse product range and a focus on technology and innovation. The company's ability to maintain a strong online presence and a loyal customer base will be key to its future success.

Registered in England/Wales under the registration number 11400862, with a registered address at B1 1FD, England, Birmingham, Apartment 1 Granville Lofts, Holliday Street.

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