W Mages (rewinds) Limited

W Mages Rewinds Ltd from Cheddar, UK, is a small, active company established 37 years ago. With 37 employees and £2,117,926 in assets, it’s a well-established business operating from a real address. The company has two directors and one owner, who is also the solo founder, and boasts a stellar 5.0 Google rating based on seven reviews. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances—parts, with the last import operation occurring in April 2024.

The company’s website, infomagesgroup.com, highlights its services as a supplier of motors, pumps, and gearboxes, alongside electrical, mechanical, machining, and fabrication services. The Mages team prides itself on unparalleled service in the electrical and mechanical engineering industry, from initial contact to post-work follow-up. It also advertises 24/7 breakdown service and links to suppliers like Crompton Greaves. The website provides contact information, an address at Cheddar Business Park, and career opportunities.

Financially, W Mages Rewinds Ltd shows a mixed picture. Current assets jumped a substantial 29% to £2,100,000, while net assets increased by 37% to £1,900,000. Bank borrowings decreased significantly by -69%, reaching £72,000, and cash reserves rose 8% to £340,000. Creditors decreased by 18%, which is a positive sign. Trade debtors increased by 39%, which could indicate the company is extending credit to customers. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debtors warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s growth in assets and cash reserves suggests a period of expansion, but the rise in trade debtors indicates a need to manage customer payments more closely. The company seems to be doing well, but it’s important to keep an eye on those debts.

Registered in England/Wales under the registration number 02144706, with a registered address at BS27 3EB, United Kingdom, Cheddar, Somerset, Cheddar Industrial Business Park, Wedmore Road.

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