Magnatech Led (uk) Ltd

Magnatech Led (uk) Ltd, based in Sawston, UK, is a small, active company founded nineteen years ago in 2005. With two employees and £216,671 in assets, it operates from a real address at Magna House, Dales Manor Business Park. The company has three directors and two owners, and is a somewhat irregular importer of electrical machinery and equipment, with its last import operation recorded one months ago in April 2023. It’s a tight-knit operation, and the company operates in the wholesale of furniture, carpets and lighting equipment, the wholesale of electronic and telecommunications equipment and parts industries.

The company’s website is currently unavailable, so it’s difficult to assess its e-commerce presence or specific offerings beyond the broad industry descriptions. It seems the business is focused on wholesale rather than direct consumer sales.

Financially, Magnatech Led (uk) Ltd presents a mixed picture. Current assets increased by 17% to £220,000, while bank cash rose by a modest 3.2% to £8,400. However, net losses deepened to -£21,000, and creditors surged by 20% to £240,000. Trade debtors decreased by 15% to £47,000, suggesting improved collection efforts. 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 increasing debt levels warrant attention. With no auditor mentioned, the figures are unaudited.

The company's equity has decreased, which is a concern. It's possible that the company is reinvesting in its business, but it’s also possible that it’s burning through cash. The company’s directors, Newland Roger David and Todd Kenneth Richard, will need to carefully manage its finances to ensure its long-term survival.

Registered in England/Wales under the registration number 05560076, with a registered address at CB22 3TJ, Sawston, Cambridgeshire, Magna House, Dales Manor Business Park.

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