Technique Magazine Ltd

Technique Magazine Ltd is a small, active company based in Nottingham, UK. Founded four years ago in 2020, it's a solo-founded operation with two employees and £68,968 in assets. The company operates from a virtual address – sixty nine other companies are registered at the same location – and is led by one director and owner, Glynn Peter James. It runs an e-commerce site, offering magazine subscriptions and single issues, delivering worldwide.

The website, uniquemagazines.co.uk, showcases a vast selection of magazines, from art and culture to sports and hobbies, catering to diverse interests. It offers flexible subscription services, allowing customers to easily change, cancel, or swap their magazines. The site also features a "Click Collect" service, allowing customers to pick up their orders from a physical store. A key differentiator is its focus on independent, specialist, and unique titles, often hard to find elsewhere. The site also offers personalised magazine recommendations through its "Uniquely You" platform.

Financially, Technique Magazine Ltd presents a mixed picture. Cash bank on hand increased by 51% to £67,000, and current assets grew by 48% to £69,000, suggesting improved liquidity. However, trade debtors decreased by 46% to £1,200, which could indicate slower customer payments. Equity increased by 49% to £60,000, but other creditors decreased by 100% to zero. The company’s small size – meeting two of three criteria for a small company – helps it remain agile. As a small company, it is exempt from an audit, so the figures are unaudited.

The company’s growth in assets and cash is encouraging, but the decrease in trade debtors warrants further attention. It seems that the company is doing well, but it is important to keep an eye on the collection of payments.

Registered in England/Wales under the registration number 13007278, with a registered address at NG2 6AB, England, Nottingham, 12 Bridgford Road, West Bridgford.

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