Magnus Shoes Limited

Magnus Shoes Ltd, based in Northampton, UK, is a small, active company founded 11 years ago. Employing six people, it holds £508,831 in assets and operates from a virtual address – a fact highlighted by the presence of 47 other companies registered at the same location. The business is led by two directors, with Drinkwater Simon as the solo owner and founder. It runs a thriving e-commerce site, earning a perfect 5.0 Google rating from 29 reviews, and regularly imports footwear and related items, with 38 months of import activity recorded.

The company’s website showcases a wide range of shoes, specializing in larger sizes for women – sizes 8 to 12 – with a focus on brands like Gabor, Josef Seibel, and Mustang. It caters to customers seeking comfortable and stylish footwear, offering a catalogue of ankle boots, trainers, sandals, and more. Notably, it has a London store which will be closing permanently at the end of May 2025. The site also provides sizing conversion tables and encourages customers to contact them for advice, demonstrating a commitment to personalized service.

Financially, Magnus Shoes Ltd presents a mixed picture. Current assets have decreased by 34% to £510,000, while net assets have increased by 18% to £620,000. Bank borrowings have decreased significantly, with current financial instruments dropping by 17% to £41,000. However, creditors have increased substantially, jumping 95% to £280,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in creditors warrants attention. As a small company, it's likely exempt from an audit, so these figures are unaudited.

The company's regular import activity and online presence suggest a consistent revenue stream, but the increasing creditors indicate a need to manage cash flow more effectively. It’s possible that the company is investing in its online platform or expanding its product range, which could explain the increased debt.

Registered in England/Wales under the registration number 08861053, with a registered address at NN1 4EP, Northampton, Northamptonshire, 310 Wellingborough Road.

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