Magpie Line Ltd

Magpie Line Ltd is a small, active company based in London, UK, founded six years ago in 2019. With four employees and £167,769 in assets, it operates from a virtual address, a detail that’s a bit odd as 237 other companies are registered at the same location. The company is run by a solo founder who also serves as director and owner. It has a thriving e-commerce site and regularly imports ceramic products—a consistent 36 months of import activity—while also exporting them, though less frequently, with just three months of export activity.

The company’s website showcases a collaboration with Peanuts, featuring a range of homewares like mugs, key charms, and framed mirrors. It also partners with Hornsea, a mid-century pottery brand, reissuing and updating their stoneware textiles. The website’s design is professional, and it highlights a diverse product range, from vegan fine china to retro key charms, catering to a broad customer base. It also sells on Faire, a B2B marketplace.

Financially, Magpie Line Ltd presents a mixed picture. Current assets have increased by a good 46%, reaching £170,000, while net assets have jumped a remarkable 200%, now standing at £95,000. However, bank overdrafts have decreased by 49%, falling to £27,000. Trade debtors have also increased by 25%, reaching £46,000. The company’s small size—meeting two of three conditions for being classified as small—allows for flexibility, but the increase in debtors might indicate some challenges with customer payments. The accounts are unaudited, a common situation for small companies, and there’s no auditor mentioned. It’s also worth noting that the number of employees decreased slightly, from four to three. Overall, Magpie Line Ltd appears to be growing, but it's important to keep an eye on those trade debtors.

Registered in England/Wales under the registration number 11868443, with a registered address at EC4M 7JN, England, London, Office 7 35-37 Ludgate Hill.

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