Magnalux Ltd

Magnalux Ltd from Newry UK: a small, active company founded nine years ago, employs six people, and holds £730,920 in assets. With a real address, one director, and one owner, it maintains a solid 4.0 Google rating based on four reviews. The company is a regular importer of furniture, lighting, and prefabricated buildings, with 15 months of import activity recorded, the latest in January 2025.

The company operates in the retail of furniture, lighting, and similar items, as well as the retail sale of electrical household appliances. It's a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s also a regular importer, with its top import category being Furniture, Lighting, and Prefabricated Buildings, totaling 15 months of imports. The last import operation was conducted on January 01, 2025.

Financially, Magnalux Ltd presents a mixed picture. Current assets have increased by 15% to £730,000, which is good. However, cash bank on hand has plummeted 88% to a concerning £10,000. Creditors have risen by 13% to £490,000, and bank borrowings are also up. The company’s equity has remained relatively stable, however, and the increase in debtors suggests that customers are taking longer to pay. It's worth noting that the company’s net assets liabilities have increased by 8.6% to £470,000. As a small company, it’s exempt from an audit, so the figures are unaudited.

It seems like the company is facing some cash flow challenges, despite the increase in assets. Perhaps it’s investing heavily in inventory or expanding its operations—but the sharp decline in cash reserves is something to watch.

Registered in Northern Ireland under the registration number NI631784, with a registered address at BT34 2QX, Northern Ireland, Newry, Unit 14 Greenbank Business Centre.

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