Magma Moulding Ltd
- Small
- Holding
- Active
- 12 years
- 53 employees
- £583,543 (assets)
- Real address
- 1 director
- 1 owner
- Regular importer
- Regular exporter
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
The directors list was changed 3 months ago, a good sign to sell them something.
Field of Operation
Website
Social media
Summary
Magma Moulding Ltd from Swansea UK: a small holding company with an active status, was founded twelve years ago in 2012. Employing 53 people, the company holds £583,543 in assets and operates from a real address. It’s managed by one director and one owner. The company regularly imports textile products, used clothing, and rags (for 17 months), and exports vehicles, parts, and accessories (for 38 months).
However, a recent review of the company’s website reveals a surprising twist. Magma Moulding Ltd has ceased operations. For over 30 years, they supported customers in designing and manufacturing high-quality injection moulded products, but now, the business is closed. The website directs former customers to a contact form for support.
The financial data paints a concerning picture. While the company’s turnover isn’t specified, its net assets have plummeted by 84%, falling to just £69,000. Cash reserves have also drastically reduced by 74%, leaving only £20,000. Bank borrowings have increased significantly, rising by 330% to £200,000. Trade debtors have increased by 27%, while creditors have risen by 60%. The number of employees has also fallen considerably, dropping 36% to 34. These figures suggest the company was struggling financially before its closure, and it's likely the decline in assets and cash reserves contributed to the decision to cease operations. It’s worth noting that the company is exempt from an audit, so the figures are unaudited.
Registered in England/Wales under the registration number 08149953, with a registered address at SA7 9LA, Wales, Swansea, Cardigan House C/O Bevan Buckland Llp, Cardigan House, Castle Court, Swansea Enterprise Park.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Corporate
- 1 year
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 2 years
- 3
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted three months ago.
Last news
-
Total exemption full accounts made up to 2024-12-31Download 13 pages pdf report
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Confirmation statement made on 2025-02-28 with no updatesDownload 3 pages pdf report
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Termination of appointment of Alastair James Zucker as a director on 2025-03-28Download 1 page pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Magma Moulding Ltd
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