magec limited

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magec limited Company Information

Share MAGEC LIMITED
Live 
EstablishedMicroDeclining

Company Number

08784652

Website

-

Registered Address

93 burford road, chipping norton, OX7 5EE

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Telephone

-

Next Accounts Due

August 2025

Group Structure

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Directors

Michael Nicolaou8 Years

Shareholders

michael nicolaou 39.5%

minas demetriou 20%

View All

magec limited Estimated Valuation

£618k

Pomanda estimates the enterprise value of MAGEC LIMITED at £618k based on a Turnover of £277k and 2.23x industry multiple (adjusted for size and gross margin).

magec limited Estimated Valuation

£322.3k

Pomanda estimates the enterprise value of MAGEC LIMITED at £322.3k based on an EBITDA of £63.2k and a 5.1x industry multiple (adjusted for size and gross margin).

magec limited Estimated Valuation

£727.1k

Pomanda estimates the enterprise value of MAGEC LIMITED at £727.1k based on Net Assets of £448.8k and 1.62x industry multiple (adjusted for liquidity).

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Magec Limited Overview

Magec Limited is a live company located in chipping norton, OX7 5EE with a Companies House number of 08784652. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in November 2013, it's largest shareholder is michael nicolaou with a 39.5% stake. Magec Limited is a established, micro sized company, Pomanda has estimated its turnover at £277k with declining growth in recent years.

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Magec Limited Health Check

Pomanda's financial health check has awarded Magec Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £277k, make it smaller than the average company (£849.3k)

£277k - Magec Limited

£849.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.9%)

-14% - Magec Limited

2.9% - Industry AVG

production

Production

with a gross margin of 30.5%, this company has a higher cost of product (73.8%)

30.5% - Magec Limited

73.8% - Industry AVG

profitability

Profitability

an operating margin of 22.8% make it as profitable than the average company (27.2%)

22.8% - Magec Limited

27.2% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (4)

1 - Magec Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)

£31.9k - Magec Limited

£31.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £277k, this is more efficient (£182.6k)

£277k - Magec Limited

£182.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 27 days, this is near the average (32 days)

27 days - Magec Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1326 days, this is slower than average (36 days)

1326 days - Magec Limited

36 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Magec Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Magec Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 60.9%, this is a lower level of debt than the average (68.4%)

60.9% - Magec Limited

68.4% - Industry AVG

MAGEC LIMITED financials

EXPORTms excel logo

Magec Limited's latest turnover from November 2023 is estimated at £277 thousand and the company has net assets of £448.8 thousand. According to their latest financial statements, we estimate that Magec Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014
Turnover276,981840,287533,614433,269407,734431,716305,84023,59330,48323,725
Other Income Or Grants0000000000
Cost Of Sales192,498603,913388,041307,137286,815299,869207,71015,75421,41717,184
Gross Profit84,483236,373145,573126,132120,919131,84798,1307,8399,0666,541
Admin Expenses21,259173,338101,55784,69257,93868,648109,029-81,053-75,904-57,222
Operating Profit63,22463,03544,01641,44062,98163,199-10,89988,89284,97063,763
Interest Payable0000000000
Interest Receivable0000006260201143
Pre-Tax Profit63,22463,03544,01641,44062,98163,199-10,83788,95385,17163,905
Tax-15,806-11,977-8,363-7,874-11,966-12,0080-17,790-17,034-13,420
Profit After Tax47,41851,05835,65333,56651,01551,191-10,83771,16268,13750,485
Dividends Paid0000000000
Retained Profit47,41851,05835,65333,56651,01551,191-10,83771,16268,13750,485
Employee Costs31,92091,13356,80154,87556,52653,65325,58026,00026,13025,000
Number Of Employees1322221111
EBITDA*63,22463,03544,01641,44062,98163,199-10,89989,26485,34363,763

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014
Tangible Assets1,127,0901,146,7891,167,5761,189,0081,209,8381,229,4051,250,05903720
Intangible Assets0000000000
Investments & Other00000001,332,6751,332,6751,332,675
Debtors (Due After 1 year)0000000000
Total Fixed Assets1,127,0901,146,7891,167,5761,189,0081,209,8381,229,4051,250,0591,332,6751,333,0471,332,675
Stock & work in progress0000000000
Trade Debtors21,095156,20280,89322,47913,07932,2627,457000
Group Debtors0000000000
Misc Debtors0000000000
Cash000000024,95123,35657,003
misc current assets0000000000
total current assets21,095156,20280,89322,47913,07932,2627,45724,95123,35657,003
total assets1,148,1851,302,9911,248,4691,211,4871,222,9171,261,6671,257,5161,357,6261,356,4031,389,678
Bank overdraft0000000000
Bank loan0000000000
Trade Creditors 699,337901,561898,097896,768941,7641,031,5291,078,56929,37027,30919,221
Group/Directors Accounts00000001,138,2721,210,2721,319,772
other short term finances0000000000
hp & lease commitments0000000000
other current liabilities0000000000
total current liabilities699,337901,561898,097896,768941,7641,031,5291,078,5691,167,6421,237,5811,338,993
loans0000000000
hp & lease commitments0000000000
Accruals and Deferred Income0000000000
other liabilities0000000000
provisions0000000000
total long term liabilities0000000000
total liabilities699,337901,561898,097896,768941,7641,031,5291,078,5691,167,6421,237,5811,338,993
net assets448,848401,430350,372314,719281,153230,138178,947189,984118,82250,685
total shareholders funds448,848401,430350,372314,719281,153230,138178,947189,984118,82250,685
Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014
Operating Activities
Operating Profit63,22463,03544,01641,44062,98163,199-10,89988,89284,97063,763
Depreciation00000003723730
Amortisation0000000000
Tax-15,806-11,977-8,363-7,874-11,966-12,0080-17,790-17,034-13,420
Stock0000000000
Debtors-135,10775,30958,4149,400-19,18324,8057,457000
Creditors-202,2243,4641,329-44,996-89,765-47,0401,049,1992,0618,08819,221
Accruals and Deferred Income0000000000
Deferred Taxes & Provisions0000000000
Cash flow from operations-19,699-20,787-21,432-20,830-19,567-20,6541,030,84373,53576,39769,564
Investing Activities
capital expenditure19,69920,78721,43220,83019,56720,654-1,250,0590-7450
Change in Investments000000-1,332,675001,332,675
cash flow from investments19,69920,78721,43220,83019,56720,65482,6160-745-1,332,675
Financing Activities
Bank loans0000000000
Group/Directors Accounts000000-1,138,272-72,000-109,5001,319,772
Other Short Term Loans 0000000000
Long term loans0000000000
Hire Purchase and Lease Commitments0000000000
other long term liabilities0000000000
share issue000000-20000200
interest0000006260201143
cash flow from financing000000-1,138,410-71,940-109,2991,320,115
cash and cash equivalents
cash000000-24,9511,595-33,64757,003
overdraft0000000000
change in cash000000-24,9511,595-33,64757,003

magec 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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Magec Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for magec limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in OX7 area or any other competitors across 12 key performance metrics.

magec limited Ownership

MAGEC LIMITED group structure

Magec Limited has no subsidiary companies.

Ultimate parent company

MAGEC LIMITED

08784652

MAGEC LIMITED Shareholders

michael nicolaou 39.5%
minas demetriou 20%
constantine demetriou 20%
george demetriou 20%
eleni demetriou 0.5%

magec limited directors

Magec Limited currently has 1 director, Mr Michael Nicolaou serving since Sep 2016.

officercountryagestartendrole
Mr Michael Nicolaou59 years Sep 2016- Director

P&L

November 2023

turnover

277k

-67%

operating profit

63.2k

0%

gross margin

30.6%

+8.43%

turnover

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

Balance Sheet

November 2023

net assets

448.8k

+0.12%

total assets

1.1m

-0.12%

cash

0

0%

net assets

Total assets minus all liabilities

magec limited company details

company number

08784652

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

November 2013

age

11

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

November 2023

previous names

N/A

accountant

-

auditor

-

address

93 burford road, chipping norton, OX7 5EE

Bank

-

Legal Advisor

-

magec 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 did not find charges/mortgages relating to magec limited.

charges

magec limited Companies House Filings - See Documents

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