Magnus Trading Uk Ltd

Magnus Trading Uk Ltd is a small, active company based in London, UK, founded four years ago. Despite its active status and e-commerce site, the company is currently facing challenges, with accounts overdue for eight months and confirmation overdue for five. It operates with a virtual address, a single director, and one owner, employing just one person.

The company is classified as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. Its primary business involves retail sales via mail order and the internet, catering to a B2B market. The company operates as a growth consultancy and proud B Corp, helping organisations grow in a way that has a positive impact for all. They identify how to reach and retain more customers, create competitive advantage, and restructure for future success.

However, the company’s financial health raises concerns. Cash bank on hand remains steady at £37,000, but creditors have significantly increased, jumping from £26,000 to £15,000 within a year. Equity has also taken a hit, declining from -£2600 to £1400, and net current assets have plummeted to £22,000. While trade creditors have decreased slightly, the overall trend suggests the company is burning through cash. The company's assets are £11,098, and net assets liabilities are -£2600.

The company's website showcases a team of consultants and analysts, including Patel Jinalkumar Fulchandbhai, who serves as both director and owner. The website also highlights partnerships with various clients and showcases insights on growth strategies and marketing effectiveness. The company’s website is well-designed and informative, but the financial data paints a less optimistic picture. It’s possible the company is reinvesting heavily in growth, but the declining equity and rising creditors warrant close monitoring. With no auditor mentioned, the figures rely on unaudited statements.

Registered in England/Wales under the registration number 12980615, with a registered address at E14 4QA, England, London, C/O Blake & Ernst 25 Cabot Square, 14th Floor.

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