Megnet Ltd.

Megnet Ltd from London UK: a small, active company founded 21 years ago, employs three people, and holds £923,717 in assets. It’s a solo-founded operation with one director and owner. The company regularly imports and exports electrical machinery and equipment, with 99 months of import activity and 179 months of export activity recorded. It operates from a real address in Mortlake Business Centre.

Megnet’s website, Chimera Global, showcases a broad range of networking products, from transceivers to patch leads, catering to sectors like data centres, telecom, retail, and government. The site emphasizes OEM-compatible products, lifetime guarantees, and cost savings—up to 80%. It also features a blog with articles on topics like PoE and Nvidia cables, reinforcing its expertise in networking solutions. The company even offers virtual appointments and quote requests.

Financially, Megnet Ltd presents a mixed picture. While current assets increased by a healthy 41% to £920,000, equity dropped by 38% to £500,000. Bank borrowings decreased by 24% to £160,000, and cash reserves grew by a substantial 100% to £610,000. Creditors decreased by 24%, suggesting improved debt management. However, other creditors jumped by a huge 900% to £92,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There's no mention of an auditor, likely due to its small size.

The sharp drop in equity, despite the increase in cash, is a point of interest. It could be related to investments in growth or changes in accounting practices. The rise in other creditors also warrants further investigation. Overall, Megnet Ltd seems to be navigating a complex financial landscape, balancing growth with financial stability.

Registered in England/Wales under the registration number 04748999, with a registered address at SW14 8JN, England, London, Mortlake Business Centre, 20, Mortlake High Street.

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