Magna Colours Limited

Magna Colours Ltd, based in Barnsley, UK, is a large company holding a significant position in the industry, having been active for 46 years. With 48 employees and £13.24 million in assets, the company generated £12.39 million in revenue last year. It’s led by four directors and has one owner, maintaining a solid 4.0-star rating on Google based on 11 reviews. The company regularly imports and exports tanning and dyeing products, demonstrating a strong international presence.

The company’s core business revolves around water-based screen printing inks and related textile finishing solutions. Its website showcases a range of products, including inks, dyes, chemicals, and functional finishes, catering to the garment industry and beyond. MagnaPrint inks are a key offering, with various formulations designed for different applications. The site also highlights MagnaLab, its development hub, and MagnaMix, a colourmatching tool. The website is clearly geared towards B2B sales, offering technical support, training courses (MagnaAcademy), and case studies demonstrating its expertise.

Financially, Magna Colours Ltd exhibits a mixed picture. While current assets increased by 11% to £13 million, net assets decreased by 10% to £11 million. Bank borrowings rose by 12% to £1.1 million, and cash reserves decreased by 15% to £4.1 million. Creditors decreased by 5% to £1.6 million, suggesting improved debt management. Turnover declined by 12% to £12 million, which could be attributed to various market factors. The company meets two of three criteria to be considered a large company: turnover exceeding £36 million, balance sheet total exceeding £18 million, and average number of employees exceeding 250. The lack of auditor information suggests the company is exempt from full auditing.

Overall, Magna Colours Ltd appears to be a well-established player in its niche, maintaining a strong brand and technical expertise. However, the decline in turnover and cash reserves warrants attention, and the company will need to continue adapting to market dynamics to ensure long-term success.

Registered in England/Wales under the registration number 01378495, with a registered address at S75 3SP, Barnsley, South Yorkshire, Dodworth Business Park, Upper Cliffe Road Dodworth.

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