Magnacell Ltd

Magnacell Ltd is a small, active company based in Penarth, UK, founded four years ago in 2020. With just one employee and £3,895 in assets, it’s a modest operation overseen by one director and two owners. The company operates an e-commerce site and engages in a diverse range of activities, including wholesale of chemical products, retail sales online, engineering consulting, and biotechnology research.

The website, magnacol.co.uk, highlights a focus on supplying scientific products and consumables at affordable prices. Originally founded as a research company developing magnetic fluids, Magnacol Ltd began trading in 2005 and now offers a wide range of laboratory equipment, microscopy consumables, dyes, and testing kits. The business caters to a broad customer base, from universities and schools to dog breeders and TV production companies. The company ships exclusively within the UK and processes payments securely through PayPal.

Financially, Magnacell Ltd’s recent performance shows some concerning trends. Cash bank on hand has fallen by a significant 58%, dropping to £3,900, while current assets have also plummeted 60%, reaching just £3,900. Equity has halved to £7,000, and net assets have also decreased by 50%. While creditors remain relatively stable, the sharp decline in cash and equity suggests the company is burning through money. Trade debtors have also fallen dramatically, which is good, but the decrease in cash is a worry. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the financial pressures are evident. There is no auditor mentioned, which is typical for a small company exempt from an audit. It's likely the company is reliant on its e-commerce sales to sustain operations, and the decrease in assets is a concern.

Registered in England/Wales under the registration number 12763218, with a registered address at CF64 3RH, United Kingdom, Penarth, 31 Waun Ganol.

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