Magna Components Limited

Magna Components Ltd from Dewsbury UK is a small, active company founded two years ago. With just two employees and £552,536 in assets, it’s a compact operation managed by three directors and two owners. The company operates in the manufacture of other furniture industries and regularly imports textile padding, felt, and nonwoven fabrics, special yarns, and ropes and cables – a consistent pattern over the last 27 months, with the latest import occurring in February 2025.

The company's website, currently "Coming Soon," teases the launch of a new online destination for furniture and bed component suppliers. It promises to be a place for "top-quality components and accessories" aimed at the furniture and bed manufacturing industry. This suggests a shift towards a more direct-to-manufacturer sales model, potentially leveraging e-commerce.

Financially, Magna Components Ltd presents a mixed picture. While the company’s assets are substantial, several key metrics show concerning trends. Accumulated depreciation for motor vehicles increased by 2700, and bank borrowings jumped significantly, with one director receiving a £46,000 advance. Cash reserves, however, remained steady at £75,000. Creditors also remained stable at £580,000. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the increase in director advances and the lack of profit are points to consider. As a small company, it's exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 14679633, with a registered address at WF13 2HR, England, Dewsbury, West Yorkshire, Firth Yard, Mill Road.

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