Mag Equipment Limited
- Active
- Small
- 20 years
- 30 employees
- £1,925,691 (cur assets)
- 1m-15m
- Regular importer
- Regular exporter
- Real address
- 1 director
- No owners
- Bradford
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Mag Equipment Ltd, based in Bradford, UK, is a small holding company with an active status, having been founded eighteen years ago in 2006. The company employs twenty-five people and holds £2,463,847 in assets. It operates from a real address and is overseen by three directors and one owner. Mag Equipment Ltd is a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts, with nineteen months of import activity and fifty-two months of export activity recorded.
The company's website reveals its core business: supplying commercial laundry equipment. It specializes in providing durable and high-performing machines for various sectors, including healthcare, hospitality, equestrian, and sports. Mag Laundry Equipment offers a wide range of products, from washing machines and dryers to ironing equipment and detergents, and provides services like installation, maintenance, and spare parts. The website emphasizes energy efficiency, reliability, and a unique five-year service care plan, with a 24/7 support team available. It even has a section dedicated to testimonials from satisfied customers, like care homes and entertainment venues.
Financially, Mag Equipment Ltd’s recent report shows some interesting trends. Accrued liabilities have increased significantly, jumping 1500% to £95,000, while bank borrowings have decreased by 18% to £49,000. Cash reserves, however, have seen a substantial increase, rising 100% to £770,000. Creditors have also increased, by 54% to £410,000, and trade debtors have ballooned by 46% to £390,000. The company's small size—meeting two of three criteria for being a small company—helps it remain flexible, but the increase in liabilities suggests it may be burning through cash more quickly. The company’s net assets have increased by 27% to £730,000. No auditor is mentioned, likely due to the company’s small size and exemption from an audit. Overall, Mag Equipment Ltd appears to be a stable business, but the rising liabilities warrant close monitoring.
Registered in England/Wales under the registration number 05844767, with a registered address at BD4 7EA, England, Bradford, West Yorkshire, Barnard Buildings, Rutland Street.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Managers
-
Individual
- 16 years
- 8
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eleven months ago.
Last news
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Director's details changed for Mr Kieron Kendell on 2025-06-17Download 2 pages pdf report
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Director's details changed for Mr Kieron Kendell on 2025-06-17Download 2 pages pdf report
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Total exemption full accounts made up to 2025-12-31Download 10 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Exporter profile by HS codes
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Export HS codes in detail
Last exported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
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