magic rock brewing company ltd
magic rock brewing company ltd Company Information
Company Number
07371022
Next Accounts
540 days late
Shareholders
in good company operations ltd
Group Structure
View All
Industry
Manufacture of beer
Registered Address
c/o frp advisory trading limited, 2nd floor, london, EC4N 6EU
Website
www.magicrockbrewing.commagic rock brewing company ltd Estimated Valuation
Pomanda estimates the enterprise value of MAGIC ROCK BREWING COMPANY LTD at £3.5m based on a Turnover of £5.3m and 0.67x industry multiple (adjusted for size and gross margin).
magic rock brewing company ltd Estimated Valuation
Pomanda estimates the enterprise value of MAGIC ROCK BREWING COMPANY LTD at £410.2k based on an EBITDA of £108.8k and a 3.77x industry multiple (adjusted for size and gross margin).
magic rock brewing company ltd Estimated Valuation
Pomanda estimates the enterprise value of MAGIC ROCK BREWING COMPANY LTD at £712.7k based on Net Assets of £377.1k and 1.89x industry multiple (adjusted for liquidity).
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Magic Rock Brewing Company Ltd Overview
Magic Rock Brewing Company Ltd is a live company located in london, EC4N 6EU with a Companies House number of 07371022. It operates in the manufacture of beer sector, SIC Code 11050. Founded in September 2010, it's largest shareholder is in good company operations ltd with a 100% stake. Magic Rock Brewing Company Ltd is a established, mid sized company, Pomanda has estimated its turnover at £5.3m with healthy growth in recent years.
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Magic Rock Brewing Company Ltd Health Check
Pomanda's financial health check has awarded Magic Rock Brewing Company Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
6 Regular
3 Weak
Size
annual sales of £5.3m, make it smaller than the average company (£7.7m)
£5.3m - Magic Rock Brewing Company Ltd
£7.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (-13.1%)
- Magic Rock Brewing Company Ltd
-13.1% - Industry AVG
Production
with a gross margin of 36.6%, this company has a lower cost of product (28.6%)
36.6% - Magic Rock Brewing Company Ltd
28.6% - Industry AVG
Profitability
an operating margin of -1% make it more profitable than the average company (-7%)
-1% - Magic Rock Brewing Company Ltd
-7% - Industry AVG
Employees
with 65 employees, this is similar to the industry average (79)
65 - Magic Rock Brewing Company Ltd
79 - Industry AVG
Pay Structure
on an average salary of £27.1k, the company has an equivalent pay structure (£27.1k)
- Magic Rock Brewing Company Ltd
£27.1k - Industry AVG
Efficiency
resulting in sales per employee of £80.9k, this is equally as efficient (£70.4k)
£80.9k - Magic Rock Brewing Company Ltd
£70.4k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (40 days)
41 days - Magic Rock Brewing Company Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (49 days)
16 days - Magic Rock Brewing Company Ltd
49 days - Industry AVG
Stock Days
it holds stock equivalent to 47 days, this is in line with average (46 days)
47 days - Magic Rock Brewing Company Ltd
46 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is average cash available to meet short term requirements (6 weeks)
8 weeks - Magic Rock Brewing Company Ltd
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.6%, this is a higher level of debt than the average (57.7%)
87.6% - Magic Rock Brewing Company Ltd
57.7% - Industry AVG
MAGIC ROCK BREWING COMPANY LTD financials
Magic Rock Brewing Company Ltd's latest turnover from December 2021 is £5.3 million and the company has net assets of £377.1 thousand. According to their latest financial statements, Magic Rock Brewing Company Ltd has 65 employees and maintains cash reserves of £394.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,256,886 | 5,824,182 | 5,528,873 | ||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 3,334,802 | 4,930,145 | 4,191,822 | ||||||||
| Gross Profit | 1,922,084 | 894,037 | 1,337,051 | ||||||||
| Admin Expenses | 1,974,494 | 2,592,678 | 1,328,096 | ||||||||
| Operating Profit | -52,410 | -1,698,641 | 8,955 | ||||||||
| Interest Payable | 11,868 | 5,421 | 32,958 | ||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | -64,278 | -1,704,062 | -24,003 | ||||||||
| Tax | 273,028 | -59,250 | |||||||||
| Profit After Tax | -64,278 | -1,431,034 | -83,253 | ||||||||
| Dividends Paid | |||||||||||
| Retained Profit | -64,278 | -1,431,034 | -83,253 | ||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 65 | 35 | 47 | 32 | 32 | 23 | |||||
| EBITDA* | 108,838 | -1,477,663 | 323,905 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,320,378 | 1,423,166 | 2,609,415 | 2,200,077 | 1,703,602 | 1,531,827 | 1,190,424 | 574,590 | 176,532 | 176,222 | 140,392 |
| Intangible Assets | 61,602 | 70,422 | 76,051 | 16,960 | 4,130 | 4,720 | 5,310 | ||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 1,320,378 | 1,423,166 | 2,671,017 | 2,270,499 | 1,779,653 | 1,548,787 | 1,194,554 | 579,310 | 181,842 | 176,222 | 140,392 |
| Stock & work in progress | 437,324 | 264,689 | 408,893 | 362,833 | 298,397 | 212,699 | 116,011 | 62,420 | 56,677 | 45,567 | 26,184 |
| Trade Debtors | 595,984 | 595,128 | 907,764 | 733,473 | 469,651 | 389,860 | 215,313 | 122,653 | 112,460 | 80,550 | 37,697 |
| Group Debtors | 133,523 | ||||||||||
| Misc Debtors | 170,024 | 32,810 | 45,907 | 180,924 | 17,065 | 14,479 | 8,751 | ||||
| Cash | 394,115 | 752,107 | 284,235 | 289,126 | 262,688 | 156,122 | 81,836 | 24,526 | 66,845 | 16,330 | 12,916 |
| misc current assets | |||||||||||
| total current assets | 1,730,970 | 1,644,734 | 1,646,799 | 1,566,356 | 1,047,801 | 773,160 | 421,911 | 209,599 | 235,982 | 142,447 | 76,797 |
| total assets | 3,051,348 | 3,067,900 | 4,317,816 | 3,836,855 | 2,827,454 | 2,321,947 | 1,616,465 | 788,909 | 417,824 | 318,669 | 217,189 |
| Bank overdraft | 49,796 | 48,326 | 30,558 | 52,080 | |||||||
| Bank loan | |||||||||||
| Trade Creditors | 148,852 | 166,951 | 329,976 | 133,402 | 207,743 | 212,399 | 97,101 | 251,289 | 126,784 | 97,535 | 70,539 |
| Group/Directors Accounts | 1,844,314 | 1,726,610 | 1,304,225 | 27,464 | 48,192 | ||||||
| other short term finances | |||||||||||
| hp & lease commitments | 275,288 | 159,335 | |||||||||
| other current liabilities | 531,084 | 732,963 | 538,177 | 798,444 | 683,346 | 376,513 | 355,515 | ||||
| total current liabilities | 2,524,250 | 2,626,524 | 2,172,378 | 981,642 | 939,415 | 922,222 | 712,223 | 251,289 | 126,784 | 97,535 | 70,539 |
| loans | 49,018 | 98,840 | 30,560 | ||||||||
| hp & lease commitments | 611,274 | 194,724 | 352,678 | 312,308 | |||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 150,000 | 160,000 | 172,553 | 205,048 | 200,000 | ||||||
| provisions | 273,028 | 239,258 | 117,230 | 148,681 | 40,672 | 41,000 | 24,000 | ||||
| total long term liabilities | 150,000 | 273,028 | 899,550 | 410,794 | 501,359 | 383,540 | 201,000 | 196,553 | 205,048 | 200,000 | |
| total liabilities | 2,674,250 | 2,626,524 | 2,445,406 | 1,881,192 | 1,350,209 | 1,423,581 | 1,095,763 | 452,289 | 323,337 | 302,583 | 270,539 |
| net assets | 377,098 | 441,376 | 1,872,410 | 1,955,663 | 1,477,245 | 898,366 | 520,702 | 336,620 | 94,487 | 16,086 | -53,350 |
| total shareholders funds | 377,098 | 441,376 | 1,872,410 | 1,955,663 | 1,477,245 | 898,366 | 520,702 | 336,620 | 94,487 | 16,086 | -53,350 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -52,410 | -1,698,641 | 8,955 | ||||||||
| Depreciation | 161,248 | 216,568 | 306,130 | 303,723 | 221,864 | 175,676 | 87,703 | 36,873 | 31,650 | 24,325 | 13,482 |
| Amortisation | 4,410 | 8,820 | 8,602 | 3,811 | 3,652 | 590 | 590 | 590 | |||
| Tax | 273,028 | -59,250 | |||||||||
| Stock | 172,635 | -144,204 | 46,060 | 64,436 | 85,698 | 96,688 | 53,591 | 5,743 | 11,110 | 19,383 | 26,184 |
| Debtors | 271,593 | -325,733 | 39,274 | 427,681 | 82,377 | 180,275 | 101,411 | 10,193 | 31,910 | 42,853 | 37,697 |
| Creditors | -18,099 | -163,025 | 196,574 | -74,341 | -4,656 | 115,298 | -154,188 | 124,505 | 29,249 | 26,996 | 70,539 |
| Accruals and Deferred Income | -201,879 | 194,786 | -260,267 | 115,098 | 306,833 | 20,998 | 355,515 | ||||
| Deferred Taxes & Provisions | -273,028 | 33,770 | 122,028 | -31,451 | 108,009 | -328 | 17,000 | 24,000 | |||
| Cash flow from operations | -555,368 | -975,965 | 149,398 | ||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | 117,704 | 422,385 | 1,304,225 | -27,464 | -20,728 | 48,192 | |||||
| Other Short Term Loans | |||||||||||
| Long term loans | -49,018 | -49,822 | 98,840 | -30,560 | 30,560 | ||||||
| Hire Purchase and Lease Commitments | -611,274 | 416,550 | -433,242 | 156,323 | 471,643 | ||||||
| other long term liabilities | 150,000 | -160,000 | -12,553 | -32,495 | 5,048 | 200,000 | |||||
| share issue | |||||||||||
| interest | -11,868 | -5,421 | -32,958 | ||||||||
| cash flow from financing | 255,836 | 416,964 | 610,975 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | -357,992 | 467,872 | -4,891 | 26,438 | 106,566 | 74,286 | 57,310 | -42,319 | 50,515 | 3,414 | 12,916 |
| overdraft | -49,796 | 1,470 | 17,768 | -21,522 | 52,080 | ||||||
| change in cash | -357,992 | 467,872 | 44,905 | 24,968 | 88,798 | 95,808 | 5,230 | -42,319 | 50,515 | 3,414 | 12,916 |
magic rock brewing company ltd Credit Report and Business Information
Magic Rock Brewing Company Ltd Competitor Analysis
Perform a competitor analysis for magic rock brewing company ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EC4N area or any other competitors across 12 key performance metrics.
magic rock brewing company ltd Ownership
MAGIC ROCK BREWING COMPANY LTD group structure
Magic Rock Brewing Company Ltd has no subsidiary companies.
Ultimate parent company
2 parents
MAGIC ROCK BREWING COMPANY LTD
07371022
magic rock brewing company ltd directors
Magic Rock Brewing Company Ltd currently has 3 directors. The longest serving directors include Mr Triston King (Jan 2020) and Mr Stephen Cox (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Triston King | 50 years | Jan 2020 | - | Director | |
| Mr Stephen Cox | England | 53 years | Aug 2022 | - | Director |
| Mr Brian Bolger | 57 years | Aug 2024 | - | Director |
P&L
December 2021turnover
5.3m
-10%
operating profit
-52.4k
-97%
gross margin
36.6%
+138.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
377.1k
-0.15%
total assets
3.1m
-0.01%
cash
394.1k
-0.48%
net assets
Total assets minus all liabilities
magic rock brewing company ltd company details
company number
07371022
Type
Private limited with Share Capital
industry
11050 - Manufacture of beer
incorporation date
September 2010
age
15
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
KPMG LLP
address
c/o frp advisory trading limited, 2nd floor, london, EC4N 6EU
Bank
-
Legal Advisor
-
magic rock brewing company ltd 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 4 charges/mortgages relating to magic rock brewing company ltd. Currently there are 2 open charges and 2 have been satisfied in the past.
magic rock brewing company ltd 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 rock brewing company ltd Companies House Filings - See Documents
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