Magnum Car Panels Limited

Magnum Car Panels Ltd from Rochdale, UK, is a small, active company established 52 years ago in 1973. Employing 26 people, it holds £1,787,162 in assets and operates from a real address with five directors and one owner. The company is a regular importer and exporter, specializing in vehicles, parts, and accessories (excluding trains and trams) – importing for 28 months and exporting for 55 months.

The business focuses on manufacturing classic car replacement body panels, creating exact replicas from original panels. It’s been doing this successfully for over 44 years, with a varied range of panels available for classic Fords, Minis, Mercedes, Volkswagens, and Mustangs. Magnum Classic Car Panels markets itself through a website and Facebook page, offering details of local stockists and the latest news on panel production. Contact is made via phone or email, and the company operates from Graham Works in Rochdale.

Financially, Magnum Car Panels Ltd presents a mixed picture. While cash bank holdings increased by a significant 38% to £770,000, current assets declined by 4.3% to £1,800,000. Debtors saw a considerable drop of 27%, which could indicate improved collection efforts, but trade creditors also decreased by 22%. Equity remained steady at £3,700,000. The company’s small size—meeting two of three criteria for being classified as small—allows for flexibility, but the decrease in debtors is something to keep an eye on. No auditor is mentioned, which is common for companies of this size. The company is using IRIS Accounts Production software version 24.2.0.383.

Registered in England/Wales under the registration number 01104964, with a registered address at OL12 0HQ, Rochdale, Lancashire, Units 1 & 2 Graham Works, Regent Street.

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