Magorex Ltd

Magorex Ltd from Salisbury UK is a small, active company founded nine years ago. With a single employee and £5,831 in assets, it’s a solo founder operation led by one director and owner. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, Magorex, reveals a focus on baking equipment. It's not just a retailer; it’s a manufacturer, producing everything from baking trays and molds to furniture for bakeries and industrial ovens. The site is available in Polish, German, and English, suggesting a focus on export markets. They even offer custom solutions and collaborate with clients to create tailored equipment. The site’s blog and technology sections highlight their expertise in baking processes and equipment design.

Financially, Magorex Ltd shows a mixed picture. Current assets have decreased by 18%, dropping to £5,800, while net assets have fallen significantly, down 41% to £2,900. Cash reserves have also taken a hit, declining 70% to just £640. Trade debtors have increased slightly, by 3.7%, to £5,200. It’s worth noting that creditors have also risen by 22%, to £3,200. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the drop in equity is a concern. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

While the company’s website suggests a thriving business with a focus on quality and custom solutions, the financials indicate a period of financial pressure. The decline in cash reserves and net assets suggests that Magorex Ltd is burning through money, although the increase in debtors could indicate delayed payments. Whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 09553477, with a registered address at SP2 8FY, United Kingdom, Salisbury, 1 Sadler Drive.

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