Magna Dry Uk Ltd

Magna Dry Uk Ltd, based in Tewkesbury, UK, is a small, active company founded three years ago. It holds £3,812 in assets, operates from a real address, and is managed by two directors and one owner. The company’s core business revolves around the wholesale of chemical products and retail sales through mail order and internet industries. It’s a small company, meeting two of three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, magnapower.com, showcases a specialized focus on metal separation equipment. It’s not an e-commerce site in the traditional sense; instead, it functions as a detailed product catalog and resource hub. Magnapower manufactures and supplies eddy current separators, overband magnets, drum magnets, and magnetic head pulleys—essential tools for waste management, scrap metal recycling, and various industrial processes. The website highlights applications across diverse sectors, including waste management, dry recyclable separation, fridge recycling, and even window frame recycling. They offer support services, parts, repairs, and refurbishment, suggesting a focus on long-term customer relationships rather than just initial sales. They even have a new Induction Sensor Sorter system.

Financially, Magna Dry Uk Ltd presents a mixed picture. Current assets are up slightly to £3,800, while cash bank on hand has fallen significantly to £1,700. Net assets have increased to £2,200, a positive sign, but trade debtors have surged to £2,100, which could indicate challenges in collecting payments. Director loans have decreased, and creditors have also fallen, suggesting improved debt management. The company is exempt from an audit as a small company, relying on unaudited accounts.

While the business appears to be operating, the increased trade debtors are a cause for concern. The company’s focus on specialized equipment and support services, however, points to a sustainable business model, even if it's facing some short-term financial pressures.

Registered in England/Wales under the registration number 13366381, with a registered address at GL20 5DW, England, Tewkesbury, 39 Cotswold Gardens.

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