The Majik House Co. Limited

The Majik House Co. Limited, based in Kendal, UK, is a small, family-run business with an active status, celebrating 26 years since its founding in 1998. Employing nine people and holding £243,539 in assets, it operates from a real address at the Gatebeck Industrial Estate. With four directors and two owners, the company has a 3.0 Google rating based on just two reviews, suggesting room for improvement in online reputation. It’s an irregular importer of electrical machinery and equipment, with just one month of imports recorded in 2020.

The company’s website showcases a focus on bespoke home cinema installation, automation, and lighting design. It positions itself as experts in smart home technology, catering to high-end residential projects across the North West. The site highlights a portfolio of stunning installations, from lighting design to full-scale home cinema setups, and emphasizes a client-centric approach with a showroom and dedicated support. It's clear they're targeting a premium market, offering a full-service solution from initial consultation to ongoing maintenance.

Financially, The Majik House Co. Limited presents a mixed picture. Current assets are up 8%, reaching £240,000, while net assets have decreased by 7.6%, settling at £120,000. Bank borrowings have been reduced by 40%, dropping to £21,000, and cash reserves have increased significantly by 110%, reaching £63,000. Creditors have risen by 6%, reaching £250,000, and trade debtors have increased by 40%, suggesting a possible shift in payment terms. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There's no auditor mentioned, so the figures are unaudited.

The sharp decrease in equity is notable, and it’s possible this reflects investments in new equipment or marketing efforts to expand the business. The increase in trade debtors could indicate a growing customer base but also a need to manage cash flow effectively. Overall, The Majik House Co. Limited seems to be navigating a competitive market, leveraging its expertise and family-run ethos to deliver high-end smart home solutions.

Registered in England/Wales under the registration number 03589056, with a registered address at LA8 0HW, England, Kendal, 12a Gatebeck Industrial Estate, Gatebeck.

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