Magnetic Solutions Limited

Magnetic Solutions Ltd, based in Sheffield, UK, is a small, active company founded 19 years ago. With seven employees and £519,896 in assets, it operates from a real address and is led by two directors and one owner. The company regularly imports and exports electrical machinery and equipment, with 91 months of import activity and 29 months of export activity recorded.

The company's website showcases a diverse range of magnetic products and services, catering to various industries. Magnetic Solutions Ltd specializes in magnetic media, steel tape, promotional magnets, and flooring, offering both standard and custom solutions. It even has a sister company in Spain and a parent company in Holland, suggesting a wider European reach. The website highlights its expertise in design, manufacturing, and distribution, with a focus on quality and innovation. The company’s website also mentions a unique "Green Power" product, which is a magnetic application for quick and easy changing of advertising messages.

Financially, Magnetic Solutions Ltd presents a mixed picture. Current assets decreased by 22%, dropping to £520,000, while equity plummeted 64%, ending at £110,000. Bank borrowings remained relatively stable, but cash reserves decreased by 19% to £11,000. Creditors increased by 16%, reaching £430,000, and trade debtors decreased by 12%. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The company's decline in equity is a cause for concern, suggesting potential financial pressures. However, its consistent import and export activity, combined with its diverse product range and established European presence, indicates resilience. The company’s focus on custom solutions and its commitment to quality may help it navigate these challenges and maintain its position in the market.

Registered in England/Wales under the registration number 05657776, with a registered address at S9 2PR, England, Sheffield, Unit 3 And 4 Brooklands Business Park, Leigh Street.

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