Magpie Solutions Ltd
- Small
- Active
- 19 years
- 9 employees
- £542,673 (assets)
- Virtual address
- 3 directors
- 2 owners
- Irregular importer
- Regular exporter
- Family business
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
The directors list was changed 4 months ago, a good sign to sell them something.
Field of Operation
Website
Social media
Summary
Magpie Solutions Ltd is a small, active company based in Brentwood, UK, founded eighteen years ago in 2006. With nine employees and £542,673 in assets, it operates from a virtual address – a fact highlighted by the presence of seventy-nine other companies registered at the same location. The company is a family business, overseen by three directors and two owners, and its director list was changed two months ago.
The core of Magpie Solutions’ business is exporting electrical machinery and equipment – a consistent activity spanning 116 months, with the latest export recorded in February 2025. However, its import activity is sporadic, with just two months of imports recorded, the last in 2021, and no specific category listed. The company’s website reveals a significant focus on multi-carrier shipping software for e-commerce, offering features like cloud-based access, AI-powered transit times, and automated invoice reconciliation. It caters to businesses of all sizes, offering plugins for popular platforms like Woocommerce and Magento, as well as an API for custom integrations. The company even boasts an augmented reality app allowing users to price and book shipments simply by pointing their phone camera at a box.
Financially, Magpie Solutions Ltd shows a concerning trend. Current assets have plummeted by a staggering 69%, dropping to £540,000, while net assets have also suffered a significant decline, falling 83% to just £290,000. Bank borrowings have increased, and cash reserves have decreased. While creditors have also decreased, the overall picture suggests a company facing financial pressure. The company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the figures are unaudited. It's a little unclear what is happening, but the company seems to be burning through money.
Registered in England/Wales under the registration number 05829449, with a registered address at CM14 4BA, United Kingdom, Brentwood, Essex, 29a Crown Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 8 years
- 25%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 2
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 4 months
- 1
-
Resident of United Kingdom
-
Individual
- 1 year
- 12
-
Resident of United Kingdom
-
Individual
- 19 years
- 3
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted seventeen days ago.
Last news
-
Confirmation statement made on 2025-06-03 with updatesDownload 5 pages pdf report
-
Appointment of Mrs Aimee Lauren Temperley as a director on 2025-02-06Download 2 pages pdf report
-
Confirmation statement made on 2024-08-30 with updatesDownload 5 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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Similar exporters
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FAQ about Magpie Solutions Ltd
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