Magenta Corporation Limited

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magenta corporation limited Company Information

Company Number

03645416

Next Accounts

Dec 2025

Directors

Howard Kitchner

Quentin Solt

Shareholders

magenta recoveries ltd

Group Structure

View All

Industry

Business and domestic software development

Registered Address

third floor 8 golden square, london, W1F 9HY

Website

magenta-technology.com

magenta corporation limited Estimated Valuation

£43.6k

Pomanda estimates the enterprise value of MAGENTA CORPORATION LIMITED at £43.6k based on Net Assets of £18.8k and 2.31x industry multiple (adjusted for liquidity).

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Magenta Corporation Limited is a live company located in london, W1F 9HY with a Companies House number of 03645416. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 1998, it's largest shareholder is magenta recoveries ltd with a 100% stake. Magenta Corporation Limited is a mature, micro sized company, Pomanda has estimated its turnover at £89.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Magenta Corporation Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £89.6k, make it smaller than the average company (£5.6m)

Growth

3 year (CAGR) sales growth of -53%, show it is growing at a slower rate (9.8%)

EXPORT

Magenta Corporation Limited's latest turnover from March 2024 is £89.6 thousand and the company has net assets of £18.8 thousand. According to their latest financial statements, Magenta Corporation Limited has 2 employees and maintains cash reserves of £87.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Oct 2015	Oct 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	89,585	432,963	855,051	1,235,245	5,646,750	2,357,319	2,085,759	1,738,816	3,914,269	5,854,146	4,542,542	8,924,734	11,433,957	2,929,670
Other Income Or Grants
Cost Of Sales	88,934	197,997	327,090	556,017	3,495,108	874,629	774,144	645,195	1,405,702	2,148,596	1,713,904	3,353,589	4,233,773	1,044,956
Gross Profit	651	234,966	527,961	679,228	2,151,642	1,482,691	1,311,615	1,093,621	2,508,567	3,705,550	2,828,638	5,571,145	7,200,184	1,884,715
Admin Expenses	56,038	62,886	63,997	324,889	1,954,529	1,616,534	1,748,040	1,293,981	1,990,384	3,826,120	3,967,049	5,955,809	1,967,840	2,644,835	7,282,898
Operating Profit	-55,387	172,080	463,964	354,339	197,113	-133,843	-436,425	-200,360	518,183	-120,570	-1,138,411	-384,664	5,232,344	-760,120	-7,282,898
Interest Payable		1,149	14,393	23,421	25,000			6,250	22,750	16,250
Interest Receivable				18,753	71	1,838	1,613	2,194	3,593	1,197	1,184	864	869	432	114
Pre-Tax Profit	-55,387	170,931	449,571	349,671	172,184	-132,005	-434,812	-204,416	499,026	-135,623	-1,137,227	-383,800	5,233,214	-759,688	-7,282,784
Tax	8,000	-8,000		256,732	318,457				-99,805				-1,360,636
Profit After Tax	-47,387	162,931	449,571	606,403	490,641	-132,005	-434,812	-204,416	399,221	-135,623	-1,137,227	-383,800	3,872,578	-759,688	-7,282,784
Dividends Paid
Retained Profit	-47,387	162,931	449,571	606,403	490,641	-132,005	-434,812	-204,416	399,221	-135,623	-1,137,227	-383,800	3,872,578	-759,688	-7,282,784
Employee Costs	140,441	134,927	326,829	1,296,413	1,233,831	1,155,487	874,590	841,973	1,721,729	2,513,130	1,967,867	3,824,445	4,877,237	1,259,600
Number Of Employees	2	2	5	21	20	19	15	15	32	47	37	73	94	25
EBITDA*	-55,387	172,080	464,744	355,119	207,380	-124,690	-426,882	-191,682	526,570	-113,626	-1,130,769	-375,510	5,247,678	-742,554	-7,260,365

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Oct 2015	Oct 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets					32,218	11,493	15,779	13,891	10,555	10,972	12,457	16,686	8,120	17,508	27,634
Intangible Assets
Investments & Other					725	725	725	725	725	725	725	725	725	725	725
Debtors (Due After 1 year)
Total Fixed Assets					32,943	12,218	16,504	14,616	11,280	11,697	13,182	17,411	8,845	18,233	28,359
Stock & work in progress
Trade Debtors			119,221	214,718	546,271	442,880	431,614	313,143	660,751	1,064,927	825,839	1,592,729	1,907,115	386,354	243,600
Group Debtors			200,000	200,000	200,000	200,000	200,000	200,000					2,058,840
Misc Debtors	15,440	2,184	3,220	4,126	63,573	44,538	36,303	21,848
Cash	87,642	1,610,023	1,761,512	1,235,400	629,827	293,081	196,921	448,324	1,306,608	130,616	348,231	125,172	220,471	127,218	45,758
misc current assets
total current assets	103,082	1,612,207	2,083,953	1,654,244	1,439,671	980,499	864,838	983,315	1,967,359	1,195,543	1,174,070	1,717,901	4,186,426	513,572	289,358
total assets	103,082	1,612,207	2,083,953	1,654,244	1,472,614	992,717	881,342	997,931	1,978,639	1,207,240	1,187,252	1,735,312	4,195,271	531,805	317,717
Bank overdraft
Bank loan
Trade Creditors	4,102	13,495	716	25,241	58,452	63,194	40,884	30,419	1,168,198	496,020	340,409	251,242	2,327,401	2,536,513	1,562,737
Group/Directors Accounts			404,755	209,783	725	725	725
other short term finances			45,000	50,000
hp & lease commitments
other current liabilities	80,137	49,943	127,644	182,954	583,588	589,590	368,520	561,487
total current liabilities	84,239	63,438	578,115	467,978	642,765	653,509	410,129	591,906	1,168,198	496,020	340,409	251,242	2,327,401	2,536,513	1,562,737
loans									200,000	500,000
hp & lease commitments
Accruals and Deferred Income
other liabilities											500,000
provisions
total long term liabilities									200,000	500,000	500,000
total liabilities	84,239	63,438	578,115	467,978	642,765	653,509	410,129	591,906	1,368,198	996,020	840,409	251,242	2,327,401	2,536,513	1,562,737
net assets	18,843	1,548,769	1,505,838	1,186,266	829,849	339,208	471,213	406,025	610,441	211,220	346,843	1,484,070	1,867,870	-2,004,708	-1,245,020
total shareholders funds	18,843	1,548,769	1,505,838	1,186,266	829,849	339,208	471,213	406,025	610,441	211,220	346,843	1,484,070	1,867,870	-2,004,708	-1,245,020

	Mar 2024	Mar 2023	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Oct 2015	Oct 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-55,387	172,080	463,964	354,339	197,113	-133,843	-436,425	-200,360	518,183	-120,570	-1,138,411	-384,664	5,232,344	-760,120	-7,282,898
Depreciation			780	780	10,267	9,153	9,543	8,678	8,387	6,944	7,642	9,154	15,334	17,566	22,533
Amortisation
Tax	8,000	-8,000		256,732	318,457				-99,805				-1,360,636
Stock
Debtors	13,256	2,184	-96,403	-391,000	122,426	19,501	132,926	-125,760	-404,176	239,088	-766,890	-2,373,226	3,579,601	142,754	243,600
Creditors	-9,393	13,495	-24,525	-33,211	-4,742	22,310	10,465	-1,137,779	672,178	155,611	89,167	-2,076,159	-209,112	973,776	1,562,737
Accruals and Deferred Income	30,194	49,943	-55,310	-400,634	-6,002	221,070	-192,967	561,487
Deferred Taxes & Provisions
Cash flow from operations	-39,842	225,334	481,312	569,006	392,667	99,189	-742,310	-642,214	1,503,119	-197,103	-274,712	-78,443	98,329	88,468	-5,941,228
Investing Activities
capital expenditure			-780	31,438	-30,992	-4,867	-11,431	-12,014	-7,970	-5,459	-3,413	-17,720	-5,946	-7,440	-50,167
Change in Investments				-725											725
cash flow from investments			-780	32,163	-30,992	-4,867	-11,431	-12,014	-7,970	-5,459	-3,413	-17,720	-5,946	-7,440	-50,892
Financing Activities
Bank loans
Group/Directors Accounts			194,972	209,058			725
Other Short Term Loans			-5,000	50,000
Long term loans								-200,000	-300,000	500,000
Hire Purchase and Lease Commitments
other long term liabilities										-500,000	500,000
share issue	-1,482,539	1,385,838	-129,999	-249,986			500,000								6,037,764
interest		-1,149	-14,393	-4,668	-24,929	1,838	1,613	-4,056	-19,157	-15,053	1,184	864	869	432	114
cash flow from financing	-1,482,539	1,384,689	45,580	4,404	-24,929	1,838	502,338	-204,056	-319,157	-15,053	501,184	864	869	432	6,037,878
cash and cash equivalents
cash	-1,522,381	1,610,023	526,112	605,573	336,746	96,160	-251,403	-858,284	1,175,992	-217,615	223,059	-95,299	93,253	81,460	45,758
overdraft
change in cash	-1,522,381	1,610,023	526,112	605,573	336,746	96,160	-251,403	-858,284	1,175,992	-217,615	223,059	-95,299	93,253	81,460	45,758

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MAGENTA CORPORATION LIMITED group structure

Magenta Corporation Limited has no subsidiary companies.

Ultimate parent company

MAGENTA CORPORATION LIMITED

03645416

MAGENTA CORPORATION LIMITED Shareholders

magenta recoveries ltd

100%

Magenta Corporation Limited currently has 2 directors. The longest serving directors include Mr Howard Kitchner (Dec 2001) and Mr Quentin Solt (Sep 2015).

officer	country	age	start	end	role
Mr Howard Kitchner		80 years	Dec 2001	-	Director
Mr Quentin Solt	England	59 years	Sep 2015	-	Director

P&L

March 2024

turnover

89.6k

-79%

operating profit

-55.4k

-132%

gross margin

0.8%

-98.66%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

18.8k

-0.99%

total assets

103.1k

-0.94%

cash

87.6k

-0.95%

net assets

Total assets minus all liabilities

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company number

03645416

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

62090 - Other information technology and computer service activities

incorporation date

October 1998

ultimate parent company

None

previous names

magenta corporation plc (December 2001)

magenta multi-agent applications limited (August 2000)

address

third floor 8 golden square, london, W1F 9HY

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to magenta corporation limited. Currently there are 1 open charges and 1 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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magenta corporation limited Company Information

magenta corporation limited Estimated Valuation

magenta corporation limited Estimated Valuation

magenta corporation limited Estimated Valuation

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