Majic Merchants Limited

Majic Merchants Limited, based in Buxton, UK, is a small, active company founded 18 years ago. With just three employees and £83,178 in assets, it operates as a solo-founded e-commerce business, managed by a single director and owner, Griffiths Adam David. The company’s Google rating stands at a perfect 5.0 based on six reviews, a testament to its customer service. The registered address is a virtual one, shared by fifteen other companies.

Majic Merchants Limited specializes in non-specialized wholesale trade and retail sales via mail order and internet. The company's website showcases a range of products, catering to a diverse customer base. While the specific product offerings aren’t detailed, the business appears to be focused on providing goods directly to consumers through its online platform.

Financially, Majic Merchants Limited presents a mixed picture. Cash bank on hand increased by a significant 72% to £26,000, a positive sign of improved liquidity. However, net assets also saw a substantial jump of 190% to £2,600, largely due to retained earnings. Creditors increased by 14% to £81,000, and debtors rose by 30% to £21,000. A notable trend is the increase in bank overdrafts, decreasing by 35% to £19,000. Despite the rise in creditors and debtors, the company’s small size (meeting two of three conditions for a small company) allows for flexibility. The accounts are unaudited, which is typical for companies of this size.

Overall, Majic Merchants Limited seems to be navigating a period of growth, though the increase in both creditors and debtors suggests a need for careful financial management. The strong Google rating and active e-commerce site indicate a focus on customer satisfaction, which could help sustain the business through any challenges.

Registered in England/Wales under the registration number 05894610, with a registered address at SK17 6DH, Buxton, Derbyshire, Montgomery Chambers, 22 Hardwick Street.

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