Magnet Expert Ltd

Magnet Expert Ltd, based in Tuxford, UK, is a small, holding company with an active status. Founded sixteen years ago in 2008, the company employs twenty-five people and holds £2,447,225 in assets. It’s a real address, managed by four directors and one owner. The company regularly imports and exports electrical machinery and equipment—nineteen months of imports and ninety-one months of exports recorded.

Magnet Expert Ltd operates as a wholesale supplier of magnetic assemblies and systems, catering to a diverse range of industries, including aerospace, automotive, and energy. Its website showcases a vast catalog of magnets—neodymium, ferrite, samarium cobalt, and alnico—available in various shapes and sizes. It also offers bespoke magnet design services, catering to specialized customer needs. The website has a clean, professional design and emphasizes expertise, technical advice, and a 40-year history in the magnetics industry. It also has a great Google rating.

Financially, Magnet Expert Ltd shows a mixed picture. Current assets have decreased by 3%, dropping to £2,400,000. Bank cash has increased significantly, jumping 62% to £600,000, a positive sign. However, trade debtors have risen slightly, increasing by 0.49% to £1,100,000. Creditors have decreased by 26%, a good sign for debt management. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible. There’s no auditor mentioned, which is typical for a small company exempt from an audit.

The company’s financial data also reveals some interesting trends. Accumulated depreciation for property, plant, and equipment has increased by 10%, while cash and cash equivalents have seen a substantial rise. Future minimum lease payments have increased, which could be a factor to monitor. Overall, Magnet Expert Ltd seems to be navigating a dynamic market, leveraging its expertise and customer focus to sustain its operations, although it would be good to see some profit.

Registered in England/Wales under the registration number 06728679, with a registered address at NG22 0PQ, England, Tuxford, Nottinghamshire, Magnet Expert Ltd Walker Industrial Estate, Ollerton Road.

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