Magscapes Limited

Magscapes Limited, a small, active company established nineteen years ago in 2006, operates from London and boasts a perfect 5.0 Google rating from eleven reviews. With just one employee and £17,483 in assets, it's a lean operation led by three directors and a single owner, Lee Jeremy. The company’s core business is inventing and manufacturing magnetic wallpaper, selling direct to customers worldwide via its e-commerce site. It’s a regular importer of plastics and plastic products, with its last import activity recorded three months ago.

The company’s website, MagScapes, highlights its pioneering role in magnetic wallpaper technology. It offers a range of wallcoverings, paints, trims, and adhesives designed to work together, allowing users to create interactive walls with magnets, whiteboard pens, and even projectors. The site emphasizes ease of installation and offers a 10-year warranty on its products. It even has a London showroom and a brochure available for viewing.

Financially, Magscapes Limited’s recent performance presents a mixed picture. While cash bank on hand increased to £4,800, creditors have risen significantly by 37% to £55,000 within the last year. Trade debtors have disappeared completely, which is unusual. Net assets are down to -£48,000, a considerable drop from -£39,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the declining equity suggests it's burning through money. There’s no mention of an auditor, which is common for small companies.

Overall, Magscapes Limited appears to be a niche manufacturer facing financial challenges. Its innovative product and strong online presence are positives, but the declining equity and rising debts indicate a need for careful management.

Registered in England/Wales under the registration number 05822080, with a registered address at EC1V 4JB, 5 Albemarle Way, London.

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