Magnum Furniture Store Limited

Magnum Furniture Store Ltd from Leigh UK is a small, active company founded 16 years ago. With 16 employees and £404,139 in assets, it's a well-established business operating from a real address. Two directors and two owners manage the company, which boasts a respectable Google rating of 4.0 based on 153 reviews. It's a regular importer of furniture, lighting, and prefabricated buildings, with 17 months of import activity recorded, the last in December 2024.

The company operates in the retail of furniture, lighting, and similar products, catering to customers seeking quality home furnishings. While no website is listed, it’s likely the business relies on a physical showroom and local marketing efforts. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

Financially, Magnum Furniture Store Ltd presents a mixed picture. Current assets have decreased by 9%, dropping to £400,000, while net assets have also declined by 2.3%, settling at £370,000. Bank borrowings have increased significantly by 39%, reaching £96,000, and cash reserves remain at a modest £3,000. Creditors have also decreased by 2.8%, suggesting better debt management. Trade debtors have increased by 36%, which could be a positive sign of increased sales, but it could also indicate difficulties in collecting payments. The company’s small size helps it stay agile, but the decrease in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Magnum Furniture Store Ltd seems to be holding steady, but facing some financial pressures. The company’s long-standing presence and positive customer reviews suggest a loyal customer base, but the declining equity and increasing borrowings warrant close monitoring.

Registered in England/Wales under the registration number 06882553, with a registered address at WN7 1BY, Leigh, Lancashire, 33 Lord Street.

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