Magnopus Ltd

Magnopus Ltd, based in St. Albans, UK, is a small, active company founded thirteen years ago in 2011. Employing fifty-one people and holding assets of £894,059, it’s a real address operation with five directors, though curiously, no owners are listed. The company boasts a perfect 5.0 Google rating based on fifteen reviews. Magnopus operates as an irregular importer and exporter, specializing in optical and medical tools and devices, with recent activity recorded in July 2024 for imports and November 2024 for exports.

The company's website reveals a focus on creating "extraordinary experiences" through innovative technology. It describes itself as a studio designing and building one-of-a-kind experiences for global companies, with a particular emphasis on "Connected Spaces"—an immersive, cross-device geospatial platform that unites physical and digital worlds. The website highlights past projects including AR experiences for Disney, Immersive Concerts for Sony Music, and virtual production for The Lion King. The company operates two studios: one in downtown Los Angeles and another in St. Albans, UK, with a distributed team working remotely across the United States.

Financially, Magnopus Ltd’s recent report shows a mixed picture. Cash reserves increased dramatically by 610% to £670,000, a positive sign. However, net losses deepened to -£5.2 million, a significant increase from the previous year. Bank borrowings also increased, reaching £4.5 million, and trade debtors decreased, suggesting potential issues with customer payments. Creditors increased, though, by 41%, and the company’s net assets decreased by 50%. 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 increased losses and borrowing raise questions. The report was audited by HW Fisher LLP.

While the company's innovative work and high Google rating suggest a strong brand, the financial data indicates a period of intense investment and potential strain. Whether Magnopus Ltd can sustain its growth trajectory remains to be seen, but its focus on cutting-edge technology and creative experiences positions it for continued interest.

Registered in England/Wales under the registration number 07680684, with a registered address at AL3 4EL, England, St. Albans, 20 High Street.

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