Magna Industrials Limited

Magna Industrials Ltd from Cheltenham, UK, is a small, family-run business with an active status, established 42 years ago. Employing 12 people, the company holds assets valued at £546,427 and operates from a real address. Led by three directors and owned by two individuals, it’s a long-standing operation with a solo founder at its core. The company regularly imports miscellaneous chemical products (for 8 months) and exports ceramic products (for 110 months), showcasing a diverse trading profile.

The company’s website, though not actively used for e-commerce, provides a glimpse into its operations as a manufacturer of refractory products. It’s a modest operation, meeting two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The business has a long history, and it's been around for a while.

Looking at the financials, Magna Industrials Ltd presents a mixed picture. While cash bank on hand increased by 8% to £170,000, trade debtors surged by 44% to £280,000, suggesting a potential reliance on customer payments. Net assets decreased by 3.2% to £590,000, and net current assets also fell by a similar amount. There was a significant drop in inventories, down 51% to £94,000. Bank borrowings remained stable, and creditors decreased slightly. The company’s long-standing presence and consistent import/export activity suggest a degree of stability, but the increase in debtors and decrease in inventories warrant further observation. The lack of an auditor mentioned likely means the accounts are unaudited, which is common for small companies.

Registered in England/Wales under the registration number 01703535, with a registered address at GL54 4LB, Cheltenham, Gloucestershire, Unit P Andoversford Link, Andoversford Industrial Estate.

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