Magna Electronics Limited

Magna Electronics Ltd, based in Hereford, UK, is a small, active company founded 25 years ago. With 14 employees and £939,189 in assets, it’s a solo-founded operation run by a single director and owner. The company operates in the manufacture of electronic components, a sector known for its precision and technical expertise. It’s an irregular importer of machinery, boilers, and mechanical appliances, with just one month of import activity recorded, and a regular exporter of electrical machinery and equipment, with five months of export activity.

The company's website highlights its capabilities in design, development, and manufacture. It offers internal design management, PCB layout services using Zuken Cadstar, and assistance with product lifecycle management. It also boasts automated manufacturing processes, a skilled workforce, and expertise in supply chain management, negotiating skills, and buying power. The website is well-designed and professional, reflecting a focus on quality and customer service.

Financially, Magna Electronics Ltd shows some concerning trends. While net assets increased by 25% to £1.3 million, cash reserves dropped by 35% to £240,000. Bank borrowings surged by 180% to £22,000, and accrued liabilities increased by 150% to £3,700. Trade debtors rose by 6% to £320,000, and creditors increased by 88% to £78,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in debt and decrease in cash raises questions about its short-term financial health. There’s no auditor mentioned, so the figures are unaudited.

It's clear that Magna Electronics Ltd is navigating a period of change, balancing growth with financial stability. The company’s expertise in electronics manufacturing and its focus on customer service position it well for the future, but careful management of its finances will be crucial.

Registered in England/Wales under the registration number 03800101, with a registered address at HR4 0EH, Herefordshire, 9 Harrow Road, Hereford.

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