Magnetix Therapy Limited

Magnetix Therapy Limited is a small, active company based in Crewe, UK, founded eleven years ago in 2013. With £31,202 in assets and a real registered address, it’s a tight-knit operation employing just two people and overseen by two directors, one owner. The company operates in the retail sale via mail order houses or via internet industries, specializing in magnetic therapy products for horses and dogs. Its website showcases a range of products, from horse rugs and boots to dog collars and coats, emphasizing free UK delivery and a focus on animal wellbeing.

The company’s online presence highlights a commitment to natural animal care, with blog posts and customer reviews promoting the benefits of magnetic therapy. Products are marketed towards owners seeking pain relief and improved comfort for their animals, and the site even offers advice on using magnetic therapy effectively. The company’s branding and messaging suggest a focus on quality, customer service, and a passion for animal welfare.

Financially, Magnetix Therapy Limited shows a mixed picture. Cash bank on hand decreased by 23% to £11,000, while creditors increased by 2.2% to £41,000. Trade debtors decreased by a significant 890%, which could indicate improved collection rates or a shift in payment terms. Accumulated depreciation increased by 180%, reflecting investment in computer equipment, and net assets rose dramatically by 1900% to £860. 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 flexibility, but the fluctuating debt levels warrant close monitoring. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Magnetix Therapy Limited appears to be a small business navigating the challenges of the e-commerce landscape. While the company's financial performance is somewhat volatile, its strong online presence and focus on a niche market suggest potential for continued growth, though a bit more cash flow would be nice.

Registered in England/Wales under the registration number 08652243, with a registered address at CW1 5TY, England, Crewe, Cheshire, 26 Portland Grove, Haslington.

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