Magventure Ltd

Magventure Ltd, based in Llandeilo, UK, is a small, active company founded seven years ago. With a single employee and £293,229 in assets, it’s a solo founder operation led by one director and owner. The company regularly imports optical and medical tools and devices – 7 months of activity recorded – but exports irregularly, with just 2 months of activity. It's a real address, and the company is registered with only one other business at the same location.

Magventure Ltd specializes in transcranial magnetic stimulation (TMS) solutions, a technology used for brain stimulation. Its website, MagVenture, highlights the company as a leading provider of innovative TMS solutions, with a history spanning over 30 years. The company offers a range of TMS packages, from standard therapy systems to neuronavigated systems, catering to psychiatrists, researchers, and neurologists. They even have a presence in multiple countries, including the USA, Brazil, the UK, China, and Germany. The website emphasizes research-backed solutions and caters to various applications, including depression, OCD, and addiction.

Financially, Magventure Ltd’s recent reports show some interesting trends. While cash reserves increased by a healthy 58% to £120,000, net assets still sit at a negative £180,000. Average number of employees jumped significantly, increasing by 200% to 3. Trade debtors dropped considerably, falling by 57% to £21,000, which could indicate improved collection practices, or a reduction in sales. Creditors, however, rose by 26% to £480,000, suggesting increased reliance on short-term financing. The company’s small size—meeting two of three criteria for a small company—helps it remain agile. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Magventure Ltd seems to be navigating a period of growth and change. The increase in employees and cash reserves are positive signs, but the negative equity and rising creditors warrant closer attention.

Registered in England/Wales under the registration number 10985508, with a registered address at SA19 6BJ, United Kingdom, Llandeilo, Camarthenshire, 18 Yr Hen Farchnad.

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