magnificent ministries
magnificent ministries Company Information
Company Number
05638439
Next Accounts
Aug 2025
Shareholders
-
Group Structure
View All
Industry
Activities of religious organisations
Registered Address
62 springfield avenue, london, SW20 9JX
magnificent ministries Estimated Valuation
Pomanda estimates the enterprise value of MAGNIFICENT MINISTRIES at £32k based on a Turnover of £50.6k and 0.63x industry multiple (adjusted for size and gross margin).
magnificent ministries Estimated Valuation
Pomanda estimates the enterprise value of MAGNIFICENT MINISTRIES at £130.8k based on an EBITDA of £41.9k and a 3.12x industry multiple (adjusted for size and gross margin).
magnificent ministries Estimated Valuation
Pomanda estimates the enterprise value of MAGNIFICENT MINISTRIES at £634.1k based on Net Assets of £259k and 2.45x industry multiple (adjusted for liquidity).
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Magnificent Ministries Overview
Magnificent Ministries is a live company located in london, SW20 9JX with a Companies House number of 05638439. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in November 2005, it's largest shareholder is unknown. Magnificent Ministries is a mature, micro sized company, Pomanda has estimated its turnover at £50.6k with low growth in recent years.
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Magnificent Ministries Health Check
Pomanda's financial health check has awarded Magnificent Ministries a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
3 Weak
Size
annual sales of £50.6k, make it smaller than the average company (£288.2k)
£50.6k - Magnificent Ministries
£288.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (2%)
2% - Magnificent Ministries
2% - Industry AVG
Production
with a gross margin of 88%, this company has a comparable cost of product (88%)
88% - Magnificent Ministries
88% - Industry AVG
Profitability
an operating margin of 82.8% make it more profitable than the average company (2.9%)
82.8% - Magnificent Ministries
2.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Magnificent Ministries
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Magnificent Ministries
- - Industry AVG
Efficiency
resulting in sales per employee of £50.6k, this is less efficient (£60.4k)
- Magnificent Ministries
£60.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Magnificent Ministries
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Magnificent Ministries
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Magnificent Ministries
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10660 weeks, this is more cash available to meet short term requirements (381 weeks)
10660 weeks - Magnificent Ministries
381 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.4%, this is a lower level of debt than the average (5.4%)
0.4% - Magnificent Ministries
5.4% - Industry AVG
MAGNIFICENT MINISTRIES financials
Magnificent Ministries's latest turnover from November 2023 is £50.6 thousand and the company has net assets of £259 thousand. According to their latest financial statements, we estimate that Magnificent Ministries has 1 employee and maintains cash reserves of £236.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 50,644 | 44,808 | 33,443 | 47,089 | 51,337 | 62,835 | 63,122 | 43,272 | 70,419 | 42,633 | 36,991 | 29,886 | 35,222 | 32,966 | 41,591 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 473 | 383 | 269 | 262 | |||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 40,148 | 34,798 | 28,081 | 32,769 | 15,009 | 22,190 | 25,275 | 9,522 | 37,759 | 9,943 | 3,932 | -935 | -211 | 428 | -2,046 |
| Tax | |||||||||||||||
| Profit After Tax | 40,148 | 34,798 | 28,081 | 32,769 | 15,009 | 22,190 | 25,275 | 9,522 | 37,759 | 9,943 | 3,932 | -935 | -211 | 428 | -2,046 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 40,148 | 34,798 | 28,081 | 32,769 | 15,009 | 22,190 | 25,275 | 9,522 | 37,759 | 9,943 | 3,932 | -935 | -211 | 428 | -2,046 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 775 | ||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 775 | ||||||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 24,000 | 14,550 | 7,900 | 7,000 | 15,000 | 8,000 | 19,686 | 4,000 | 4,000 | 982 | |||||
| Cash | 236,182 | 205,430 | 177,283 | 150,102 | 109,315 | 101,226 | 67,200 | 58,231 | 47,939 | 14,141 | 4,168 | 205 | 1,140 | 1,291 | |
| misc current assets | |||||||||||||||
| total current assets | 260,182 | 219,980 | 185,183 | 157,102 | 124,315 | 109,226 | 86,886 | 62,231 | 51,939 | 14,141 | 4,168 | 205 | 1,140 | 1,291 | 982 |
| total assets | 260,182 | 219,980 | 185,183 | 157,102 | 124,315 | 109,226 | 86,886 | 62,231 | 51,939 | 14,141 | 4,168 | 205 | 1,140 | 1,291 | 1,757 |
| Bank overdraft | 909 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 720 | ||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,152 | 1,098 | 1,098 | 1,098 | 1,080 | 1,000 | 850 | 750 | 700 | 660 | 630 | 600 | 600 | 540 | 525 |
| total current liabilities | 1,152 | 1,098 | 1,098 | 1,098 | 1,080 | 1,000 | 850 | 1,470 | 700 | 660 | 630 | 600 | 600 | 540 | 1,434 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 1,152 | 1,098 | 1,098 | 1,098 | 1,080 | 1,000 | 850 | 1,470 | 700 | 660 | 630 | 600 | 600 | 540 | 1,434 |
| net assets | 259,030 | 218,882 | 184,085 | 156,004 | 123,235 | 108,226 | 86,036 | 60,761 | 51,239 | 13,481 | 3,538 | -395 | 540 | 751 | 323 |
| total shareholders funds | 259,030 | 218,882 | 184,085 | 156,004 | 123,235 | 108,226 | 86,036 | 60,761 | 51,239 | 13,481 | 3,538 | -395 | 540 | 751 | 323 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 775 | 924 | |||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 9,450 | 6,650 | 900 | -8,000 | 7,000 | -11,686 | 15,686 | 4,000 | -982 | 982 | |||||
| Creditors | -720 | 720 | |||||||||||||
| Accruals and Deferred Income | 54 | 18 | 80 | 150 | 100 | 50 | 40 | 30 | 30 | 60 | 15 | 525 | |||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -473 | -383 | -269 | -262 | |||||||||||
| cash flow from financing | -1 | -1 | 1 | -473 | -383 | -269 | 2,107 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 30,752 | 28,147 | 27,181 | 40,787 | 8,089 | 34,026 | 8,969 | 10,292 | 33,798 | 9,973 | 3,963 | -935 | -151 | 1,291 | |
| overdraft | -909 | 909 | |||||||||||||
| change in cash | 30,752 | 28,147 | 27,181 | 40,787 | 8,089 | 34,026 | 8,969 | 10,292 | 33,798 | 9,973 | 3,963 | -935 | -151 | 2,200 | -909 |
magnificent ministries Credit Report and Business Information
Magnificent Ministries Competitor Analysis
Perform a competitor analysis for magnificent ministries by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in SW20 area or any other competitors across 12 key performance metrics.
magnificent ministries Ownership
MAGNIFICENT MINISTRIES group structure
Magnificent Ministries has no subsidiary companies.
Ultimate parent company
MAGNIFICENT MINISTRIES
05638439
magnificent ministries directors
Magnificent Ministries currently has 13 directors. The longest serving directors include Mrs Angela Obaseki (Nov 2005) and Mr Osagie Obaseki (Nov 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Angela Obaseki | England | 57 years | Nov 2005 | - | Director |
| Mr Osagie Obaseki | 60 years | Nov 2005 | - | Director | |
| Mrs Remi Adewale-Duckrell | 53 years | Nov 2011 | - | Director | |
| Ms Blessing Oparinde | 59 years | Sep 2012 | - | Director | |
| Ms Linda Egwurugwu | 65 years | Sep 2012 | - | Director | |
| Chisa Egwurugwu | 38 years | Sep 2012 | - | Director | |
| Ms Gabriel Emiowele | 71 years | Sep 2012 | - | Director | |
| Funke Oluogbagbemi | 62 years | Sep 2012 | - | Director | |
| Oluremi Ariba | 59 years | Sep 2012 | - | Director | |
| Ms Theresa Nnodi | 64 years | Sep 2012 | - | Director |
P&L
November 2023turnover
50.6k
+13%
operating profit
41.9k
0%
gross margin
88%
-5.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
259k
+0.18%
total assets
260.2k
+0.18%
cash
236.2k
+0.15%
net assets
Total assets minus all liabilities
magnificent ministries company details
company number
05638439
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94910 - Activities of religious organisations
incorporation date
November 2005
age
20
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
AJAY RAJANI
auditor
-
address
62 springfield avenue, london, SW20 9JX
Bank
HSBC BANK PLC
Legal Advisor
-
magnificent ministries 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 did not find charges/mortgages relating to magnificent ministries.
magnificent ministries 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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magnificent ministries Companies House Filings - See Documents
| date | description | view/download |
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