Magma Global Limited

Magma Global Ltd, hailing from Portsmouth, UK, is a sizable holding company with an active status. Established seventeen years ago, the firm employs seventy-six individuals and boasts assets totaling £9,058,801. Yearly revenue stands at £12,602,641, reflecting a robust business. The company, managed by five directors and owned by one individual, maintains a perfect 5.0 Google rating based on five reviews—a testament to its customer satisfaction. Regular imports of optical and medical tools and devices have been recorded for twenty-seven months, while exports of stone, plaster, cement, and similar materials span twenty-one months.

The company's website showcases a highly specialized operation: the design and manufacture of subsea oil and gas pipe, branded "mpipe." It utilizes carbon fibre and advanced polymers, aiming to simplify architecture and reduce costs within the oil and gas industry. The site highlights benefits like simplified engineering, faster deployments, lower costs, and higher performance capabilities—all geared toward a niche market. The company even offers solutions for jumper spools and drilling risers, demonstrating a comprehensive approach to subsea pipe technology.

Financially, Magma Global Ltd presents a mixed picture. While turnover increased by a substantial 63%, reaching £13 million, net assets have declined. Creditors have decreased, suggesting improved debt management, but cash reserves have fallen significantly, and bank borrowings have increased. A notable decrease in accumulated depreciation on plant and machinery, however, suggests successful asset management. The company’s size—meeting two of three conditions for a large company—indicates a mature business, but the fluctuating financials warrant close attention. Although no auditor is mentioned, the company’s unaudited accounts provide a snapshot of its performance. The company’s strong Google rating and specialized product offering suggest a resilient business model, even as it navigates financial pressures.

Registered in England/Wales under the registration number 06528820, with a registered address at PO6 4PX, Portsmouth, Magma House Trafalgar Wharf, Hamilton Road.

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