Magmatic Limited

  • Liquidation
  • Small
  • Holding
  • 23 years
  • 9 employees
  • £191,041 (cur assets)
  • 0-1m
  • Regular importer
  • Regular exporter
  • Real address
  • 2 directors
  • 2 owners
  • Maidstone

Field of Operation

Manufacture of other plastic products
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Wholesale of household goods (other than musical instruments) n.e.c.
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Website

magmaticresources.com↗

Social media

linkedin↗ facebook↗

Summary

Magmatic Limited is a small, holding company based in Bristol, UK, with an active status. Founded 22 years ago in 2003, the company employs nine people and holds £191,041 in assets. It operates from a virtual address, shared by forty-six other companies, and is managed by two directors and two owners. Magmatic is a regular importer of leather goods, travel bags, and animal harnesses, with 71 months of import activity recorded, and a regular exporter of furniture, lighting, and prefabricated buildings, with 101 months of export activity.

The company describes itself as an ASX-listed mining exploration company, focused on gold and copper discoveries in the East Lachlan region of Australia. Its website details several projects, including Wellington North, Parkes, and Myall, all targeting porphyry deposits. It seems to be actively seeking investors, with a section dedicated to recent announcements and a share price history. The company’s activities include drilling for gold and copper, and it highlights a strategic position in an emerging discovery hotspot.

Financially, Magmatic Limited’s recent performance paints a mixed picture. Cash reserves have decreased significantly, dropping 43% to £190,000. Convertible bonds in issue have increased dramatically, jumping from zero to £2.2 million, while creditors have surged by a staggering 910% to £2.2 million. Equity has remained relatively stable, but net assets and liabilities have stayed consistent. The company’s small size (meeting two of three conditions for being a small company) allows for flexibility, but the increase in creditors and decrease in cash could indicate financial strain. The company’s accounts are unaudited, and no auditor is mentioned.

The sharp increase in convertible bonds suggests a reliance on external funding, while the rise in creditors could be a result of increased business activity or delayed payments. It's likely the company is burning through cash to fund exploration activities, and the lack of a clear path to profitability could be a concern.

Registered in England/Wales under the registration number 04669286, with a registered address at ME14 1JP, Maidstone, Kent, Medway Bridge House, 1-8, Fairmeadow.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.

Owners & PSC

  • Bgf Nominees Ac Bgf Investments Lp Ltd
  • 8 years
  • 6
  • 25%+
  • Law Robert
  • 9 years
  • 5
  • 50%+

Managers

  • Dewhurst Richard Philip
  • 3 years
  • 48
Director
  • Chubb David Christian Clark
  • 3 years
  • 51
Director

Last reports

Download the last financial report
Download the last confirmation report
* may contain a full shareholder list

Last news

  1. Register inspection address has been changed to The Hill Company Ltd Solus 31 Motherwell Way West Sussex Essex RM20 3XD
  2. Appointment of a voluntary liquidator
  3. Declaration of solvency

Importer profile by HS codes

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Import HS codes in detail

Last imported products

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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.

Exporter profile by HS codes

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Export HS codes in detail

Last exported products

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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.

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