Magrun Ltd

Magrun Ltd from Enfield UK: a small company with an active status, was founded 16 years ago and employs nine people. It holds assets worth £1,612,487 and has a real address. With three directors and two owners, the company is a regular importer of furniture, lighting, and prefabricated buildings, having imported for 15 months, with the last operation occurring in December 2024.

The company operates in the construction of domestic buildings, electrical installation, plumbing, heat and air-conditioning installation industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. While the company’s website is not available, it’s clear that Magrun Ltd focuses on importing and construction-related services.

Financially, Magrun Ltd’s recent accounts show a mixed picture. Current assets decreased by 12%, dropping to £1,600,000, while net assets increased by 44%, reaching £730,000. Bank borrowings decreased by 31%, falling to £22,000, and cash reserves plummeted 70%, leaving only £84,000. Creditors decreased by 18%, suggesting better debt management, but trade debtors increased by 8.9%. The company’s equity has increased significantly, which is a positive sign, but the drop in cash reserves is something to keep an eye on. The lack of an auditor mentioned suggests the company is exempt as a small entity, and the accounts are unaudited. It seems like Magrun Ltd is navigating a period of change, with some areas showing improvement and others needing attention.

Registered in England/Wales under the registration number 06701428, with a registered address at EN2 7LT, England, Enfield, 39 Lower Kenwood Avenue.

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