Mmg (g.b.) Limited

Mmg (g.b.) Limited, based in London, UK, is a small, active company founded four years ago. It operates with a single employee and holds £117,110 in assets, using a virtual address shared by twelve other companies. The company has two directors and one owner, and regularly imports wood and wood products—the last import operation occurred in February 2025. Officially, it’s involved in retail sales and wholesale of wood, construction materials, and sanitary equipment.

The company’s website, Magnet Applications, is actually a division of Bunting Magnetics, a larger entity with operations in North America and Europe. It specializes in engineered magnets, magnetic assemblies, soft magnetics, magnetizing equipment, and magnet sourcing, serving industries like automotive, aerospace, military, and medical. The website highlights a range of products and services, including custom magnetizers, magnetic testing, and engineering design, and even has a blog with technical articles. It’s a professional operation, and they’re clearly focused on high-value magnetic solutions.

Financially, Mmg (g.b.) Limited presents a mixed picture. While cash bank on hand remains steady at £48,000, creditors increased slightly to £95,000, and trade debtors are at £7,900. The company’s equity is minimal, at just £1,100, and net assets are also low. Although the company meets the criteria to be considered small—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—the low equity and reliance on bank borrowings suggest it’s operating on a tight margin. There’s no mention of an auditor, which is common for small, exempt companies. It's possible the company is experiencing some cash flow issues, but it’s also likely that it’s a lean operation focused on specialized services.

Registered in England/Wales under the registration number 13123911, with a registered address at EC1M 5PA, United Kingdom, London, 2nd Floor 1-5 Clerkenwell Road.

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