Magnokinetics Ltd

Magnokinetics Ltd is a small, active company registered in London, UK, founded two years ago in May 2023. It employs just one person and holds £5,692 in assets, operating from a virtual address shared by over 90,000 other companies. The company is run by two directors, both of whom are also the owner. It's an irregular importer, primarily dealing with optical and medical tools and devices, with the last import operation occurring in October 2024.

The company’s website highlights a focus on “electrifying the future,” offering “innovative electrification solutions” across various applications and industries. It boasts access to a wide network of experts and researchers in electrification systems, and even mentions services like training solutions and global trading. The site suggests a focus on electrical machine design, permanent magnet specialists, electric drives control, power electronics, and renewable microgrids—a broad range of technical services.

Financially, Magnokinetics Ltd shows a concerning picture. While cash on hand remained steady at £5,700, net assets plunged into negative territory at -£1,300. Creditors also stayed at £7,000, and current assets remained at £5,700. The company’s small size (meeting two of three conditions for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the negative equity suggests it’s burning through cash. As a small company, it is exempt from an audit, so the figures are unaudited.

It seems the company is struggling to maintain a healthy financial position, despite its technical expertise. Whether it can turn things around remains to be seen.

Registered in England/Wales under the registration number 14839607, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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