Magnet Motos Ltd

Magnet Motos Ltd, based in Kingston Upon Thames, UK, is a small, active company founded just two years ago. With two employees and £239,755 in assets, it operates from a virtual address, managed by a solo founder who also serves as director and owner. The company enjoys a stellar 5.0 Google rating based on 76 reviews, reflecting its commitment to customer service. Magnet Motos regularly imports vehicles, parts, and accessories (excluding trains and trams), with 12 months of import activity recorded.

The company's website reveals a dual focus: electric motorcycle sales and CFMOTO authorized retail and service. It’s a specialist in electric off-road motorcycles, offering a wide range of brands like Zero, Stark, and Vmoto. The site also features a showroom and offers test rides, emphasizing its expertise in electric vehicle technology. It's clear they're targeting enthusiasts and those seeking alternatives to traditional petrol motorcycles. The website also mentions delivery services and a finance options.

Financially, Magnet Motos Ltd presents a mixed picture. While cash bank on hand increased by 14% to £45,000, current assets decreased by 16% to £240,000. Debtors dropped significantly by 46% to £19,000, which could indicate improved collection efforts, but trade creditors also decreased by 16% to £190,000. Equity remained relatively stable at £29,000. Bank borrowings, however, surged by 2400% to £29,000, suggesting the company is relying more on debt financing. 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 increase in borrowings and decrease in assets raises questions about its financial health. As a small company, it’s exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 14257562, with a registered address at KT1 1BQ, England, Kingston Upon Thames, 5-9 Eden Street.

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