magic man limited

Live (Voluntary Arrangement)MatureMidDeclining

magic man limited Company Information

Share MAGIC MAN LIMITED

Company Number

04143687

Shareholders

mark kevin henderson

vanessa henderson

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Group Structure

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Industry

Other building completion and finishing

 

Registered Address

warehouse w 3 western gateway, royal victoria docks, london, E16 1BD

magic man limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of MAGIC MAN LIMITED at £2.2m based on a Turnover of £5.8m and 0.39x industry multiple (adjusted for size and gross margin).

magic man limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MAGIC MAN LIMITED at £0 based on an EBITDA of £-382.2k and a 4.25x industry multiple (adjusted for size and gross margin).

magic man limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MAGIC MAN LIMITED at £0 based on Net Assets of £-1.2m and 2.41x industry multiple (adjusted for liquidity).

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Magic Man Limited Overview

Magic Man Limited is a live company located in london, E16 1BD with a Companies House number of 04143687. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in January 2001, it's largest shareholder is mark kevin henderson with a 55% stake. Magic Man Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.8m with declining growth in recent years.

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Magic Man Limited Health Check

Pomanda's financial health check has awarded Magic Man Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £5.8m, make it larger than the average company (£300.6k)

£5.8m - Magic Man Limited

£300.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (6.6%)

-13% - Magic Man Limited

6.6% - Industry AVG

production

Production

with a gross margin of 25.1%, this company has a comparable cost of product (25.1%)

25.1% - Magic Man Limited

25.1% - Industry AVG

profitability

Profitability

an operating margin of -11.3% make it less profitable than the average company (6.6%)

-11.3% - Magic Man Limited

6.6% - Industry AVG

employees

Employees

with 106 employees, this is above the industry average (4)

106 - Magic Man Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.7k, the company has an equivalent pay structure (£34.7k)

£34.7k - Magic Man Limited

£34.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £54.8k, this is less efficient (£125.9k)

£54.8k - Magic Man Limited

£125.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 40 days, this is near the average (48 days)

40 days - Magic Man Limited

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 27 days, this is quicker than average (35 days)

27 days - Magic Man Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 41 days, this is more than average (16 days)

41 days - Magic Man Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (21 weeks)

7 weeks - Magic Man Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 141%, this is a higher level of debt than the average (76.1%)

141% - Magic Man Limited

76.1% - Industry AVG

MAGIC MAN LIMITED financials

EXPORTms excel logo

Magic Man Limited's latest turnover from September 2022 is estimated at £5.8 million and the company has net assets of -£1.2 million. According to their latest financial statements, Magic Man Limited has 106 employees and maintains cash reserves of £278.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover5,807,2825,225,2435,046,2158,715,8099,190,4607,468,5335,049,0953,951,5323,263,4382,679,8215,485,9726,299,2915,332,043
Other Income Or Grants
Cost Of Sales4,352,3543,794,1983,474,9336,123,9096,356,7985,131,0423,165,9782,407,6922,147,4911,878,8833,839,5754,396,5163,667,421
Gross Profit1,454,9281,431,0451,571,2832,591,9002,833,6622,337,4911,883,1171,543,8401,115,947800,9381,646,3971,902,7761,664,621
Admin Expenses2,109,2701,463,2912,362,5412,931,7242,723,3232,051,9901,437,895808,2011,038,051559,6231,711,2741,988,1981,732,328
Operating Profit-654,342-32,246-791,258-339,824110,339285,501445,222735,63977,896241,315-64,877-85,422-67,707
Interest Payable132,11954,12031,01914,0048,48910,49992,42880,63748,52887,0004,2872,505
Interest Receivable3,398110102176248102154
Pre-Tax Profit-783,063-86,256-822,174-353,652102,099275,105352,794655,00229,368-328,315-69,162-87,922-67,703
Tax-19,399-55,021-89,010-21,9891,57813,088
Profit After Tax-783,063-86,256-822,174-353,65282,700220,084263,784633,01330,946-315,227-69,162-87,922-67,703
Dividends Paid
Retained Profit-783,063-86,256-822,174-353,65282,700220,084263,784633,01330,946-315,227-69,162-87,922-67,703
Employee Costs3,682,1543,384,9413,429,1343,660,2554,035,0843,709,5363,195,218645,336504,133433,577851,7111,106,0051,021,818
Number Of Employees10610310611211910383171413273635
EBITDA*-382,179218,860-527,567-45,945438,539642,103659,909909,497200,083358,59757,40540,73142,344

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets873,1961,154,824892,4351,119,2061,799,4361,627,804699,233499,966343,277219,000356,397482,633599,658
Intangible Assets113,960130,240150,772162,800
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets987,1561,285,0641,043,2071,282,0061,799,4361,627,804699,233499,966343,277219,000356,397482,633599,658
Stock & work in progress493,271594,484554,326505,561374,904371,469301,328187,86842,40052,400164,393164,393164,393
Trade Debtors639,832663,112380,1211,029,5891,331,241915,627768,553597,919586,606346,041463,062578,990423,558
Group Debtors
Misc Debtors538,623448,724302,159998,463286,55439,83245,38497,564
Cash278,80923,215196,6678,27538,73627,42154,40847,77120,46922,8945291,493
misc current assets
total current assets1,950,5351,729,5351,433,2732,541,8882,031,4351,354,3491,169,673931,122649,475421,335627,455743,912589,444
total assets2,937,6913,014,5992,476,4803,823,8943,830,8712,982,1531,868,9061,431,088992,752640,335983,8521,226,5451,189,102
Bank overdraft10,160291,66133,08322,93422,934
Bank loan249,356110,15029,896
Trade Creditors 331,116212,984366,456626,941302,661209,234218,58062,437690,222407,1451,047,3301,112,948889,539
Group/Directors Accounts240,000
other short term finances428,069435,641108,301375,565
hp & lease commitments424,548424,471286,601332,716726,956486,969217,759
other current liabilities445,111980,7771,181,5071,460,2631,746,215996,597702,562499,603
total current liabilities1,879,0042,345,5342,083,9202,530,0702,805,7281,725,8831,270,136960,539690,222407,1451,047,3301,112,948889,539
loans1,693,234344,111453,660203,84671,051117,49054,14877,082100,016122,95054,81577,082
hp & lease commitments569,265745,703273,393564,148210,369440,802112,874169,278121,284
Accruals and Deferred Income
other liabilities93,301590,198648,57691,728166,282328,625
provisions38,14953,11071,26443,9196,8431,57814,66625,75838,541
total long term liabilities2,262,4991,089,814727,053806,143334,530629,556210,941346,504811,498773,104161,209269,122367,166
total liabilities4,141,5033,435,3482,810,9733,336,2133,140,2582,355,4391,481,0771,307,0431,501,7201,180,2491,208,5391,382,0701,256,705
net assets-1,203,812-420,749-334,493487,681690,613626,714387,829124,045-508,968-539,914-224,687-155,525-67,603
total shareholders funds-1,203,812-420,749-334,493487,681690,613626,714387,829124,045-508,968-539,914-224,687-155,525-67,603
Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-654,342-32,246-791,258-339,824110,339285,501445,222735,63977,896241,315-64,877-85,422-67,707
Depreciation255,883251,106247,411293,879328,200356,602214,687173,858122,187117,282122,282126,153110,051
Amortisation16,28016,280
Tax-19,399-55,021-89,010-21,9891,57813,088
Stock-101,21340,15848,765130,6573,43570,141113,460145,468-10,000-111,993164,393
Debtors66,619429,556-1,345,772410,257662,336141,522118,454108,877240,565-117,021-115,928155,432423,558
Creditors118,132-153,472-260,485324,28093,427-9,346156,143-627,785283,077-640,185-65,618223,409889,539
Accruals and Deferred Income-535,666-200,730-278,756-285,952749,618294,035202,959499,603
Deferred Taxes & Provisions-38,149-14,961-18,15427,34537,0766,843-1,578-13,088-11,092-12,78338,541
Cash flow from operations-765,119-605,056192,050-563,492578,260687,453735,163511,824252,595-52,57496,62395,925382,473
Investing Activities
capital expenditure25,745-492,963-24,892223,551-499,832-1,285,173-413,954-330,547-246,46420,1153,954-9,128-709,709
Change in Investments
cash flow from investments25,745-492,963-24,892223,551-499,832-1,285,173-413,954-330,547-246,46420,1153,954-9,128-709,709
Financing Activities
Bank loans-249,356139,20680,25429,896
Group/Directors Accounts240,000
Other Short Term Loans -7,572435,641-108,301-267,264375,565
Long term loans1,349,123-109,549249,814132,795-46,43963,342-22,934-22,934-22,93468,135-22,26777,082
Hire Purchase and Lease Commitments-176,361610,180-336,870-40,4619,554597,138161,35547,994121,284
other long term liabilities-93,301-496,897-58,378556,848-74,554-162,343328,625
share issue150,720-18,80118,801100
interest-128,721-54,010-30,917-13,828-8,241-10,397-92,428-80,637-48,528-87,000-4,286-2,5004
cash flow from financing1,276,469632,90621,233309,480-34,031560,583-314,572-176,909-8,556537,983-101,107-87,761328,729
cash and cash equivalents
cash255,594-173,452188,392-30,46111,315-26,9876,63727,302-2,42522,894-529-9641,493
overdraft-281,501291,661-33,08310,14922,934
change in cash537,095-465,113188,392-30,46144,398-37,1366,6374,368-2,42522,894-529-9641,493

magic man limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Magic Man Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for magic man limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in E16 area or any other competitors across 12 key performance metrics.

magic man limited Ownership

MAGIC MAN LIMITED group structure

Magic Man Limited has no subsidiary companies.

Ultimate parent company

MAGIC MAN LIMITED

04143687

MAGIC MAN LIMITED Shareholders

mark kevin henderson 55%
vanessa henderson 40%
kevin maxted 5%

magic man limited directors

Magic Man Limited currently has 2 directors. The longest serving directors include Mr Mark Henderson (Jul 2008) and Ms Vanessa Henderson (Aug 2017).

officercountryagestartendrole
Mr Mark Henderson63 years Jul 2008- Director
Ms Vanessa Henderson60 years Aug 2017- Director

P&L

September 2022

turnover

5.8m

+11%

operating profit

-654.3k

0%

gross margin

25.1%

-8.52%

turnover

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

Balance Sheet

September 2022

net assets

-1.2m

+1.86%

total assets

2.9m

-0.03%

cash

278.8k

+11.01%

net assets

Total assets minus all liabilities

magic man limited company details

company number

04143687

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

incorporation date

January 2001

age

24

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2022

previous names

N/A

accountant

PIERCE C A LIMITED

auditor

-

address

warehouse w 3 western gateway, royal victoria docks, london, E16 1BD

Bank

-

Legal Advisor

-

magic man limited Charges & Mortgages

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 10 charges/mortgages relating to magic man limited. Currently there are 3 open charges and 7 have been satisfied in the past.

magic man limited Capital Raised & Share Issues BETA

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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magic man limited Companies House Filings - See Documents

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