mag business solutions ltd
mag business solutions ltd Company Information
Company Number
09488348
Website
-Registered Address
212 lloyd street south, manchester, M14 7DY
Industry
Management consultancy activities (other than financial management)
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Directors
Zain Sabir4 Years
Shareholders
zain ul huda sabir 100%
mag business solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of MAG BUSINESS SOLUTIONS LTD at £37k based on a Turnover of £80.2k and 0.46x industry multiple (adjusted for size and gross margin).
mag business solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of MAG BUSINESS SOLUTIONS LTD at £0 based on an EBITDA of £-3k and a 3.29x industry multiple (adjusted for size and gross margin).
mag business solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of MAG BUSINESS SOLUTIONS LTD at £0 based on Net Assets of £-38.8k and 2.67x industry multiple (adjusted for liquidity).
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Mag Business Solutions Ltd Overview
Mag Business Solutions Ltd is a live company located in manchester, M14 7DY with a Companies House number of 09488348. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in March 2015, it's largest shareholder is zain ul huda sabir with a 100% stake. Mag Business Solutions Ltd is a young, micro sized company, Pomanda has estimated its turnover at £80.2k with declining growth in recent years.
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Mag Business Solutions Ltd Health Check
Pomanda's financial health check has awarded Mag Business Solutions Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
9 Weak
Size
annual sales of £80.2k, make it smaller than the average company (£285.2k)
- Mag Business Solutions Ltd
£285.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (5.1%)
- Mag Business Solutions Ltd
5.1% - Industry AVG
Production
with a gross margin of 25.2%, this company has a higher cost of product (55.9%)
- Mag Business Solutions Ltd
55.9% - Industry AVG
Profitability
an operating margin of -3.7% make it less profitable than the average company (8.9%)
- Mag Business Solutions Ltd
8.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Mag Business Solutions Ltd
4 - Industry AVG
Pay Structure
on an average salary of £41.2k, the company has an equivalent pay structure (£41.2k)
- Mag Business Solutions Ltd
£41.2k - Industry AVG
Efficiency
resulting in sales per employee of £40.1k, this is less efficient (£109k)
- Mag Business Solutions Ltd
£109k - Industry AVG
Debtor Days
it gets paid by customers after 179 days, this is later than average (76 days)
- Mag Business Solutions Ltd
76 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (28 days)
- Mag Business Solutions Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mag Business Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mag Business Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 191.9%, this is a higher level of debt than the average (56.3%)
191.9% - Mag Business Solutions Ltd
56.3% - Industry AVG
MAG BUSINESS SOLUTIONS LTD financials
Mag Business Solutions Ltd's latest turnover from February 2023 is estimated at £80.2 thousand and the company has net assets of -£38.8 thousand. According to their latest financial statements, Mag Business Solutions Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | 3 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,795 | 6,837 | 11,295 | 15,753 | 20,211 | 11,469 | 13,947 | 510 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,795 | 6,837 | 11,295 | 15,753 | 20,211 | 11,469 | 13,947 | 510 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 39,418 | 40,030 | 39,818 | 39,817 | 37,890 | 36,371 | 36,676 | 24,200 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 468 | 858 | 2,022 | 4,334 | 2,421 | 4,803 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 39,418 | 40,030 | 40,286 | 40,675 | 39,912 | 40,705 | 39,097 | 29,003 |
| total assets | 42,213 | 46,867 | 51,581 | 56,428 | 60,123 | 52,174 | 53,044 | 29,513 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 850 | 1,300 | 650 | 0 | 2,162 | 350 | 300 | 1,381 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 850 | 1,300 | 650 | 0 | 2,162 | 350 | 300 | 1,381 |
| loans | 0 | 0 | 0 | 0 | 57,500 | 57,500 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 80,149 | 81,349 | 84,030 | 59,000 | 0 | 0 | 57,500 | 25,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 80,149 | 81,349 | 84,030 | 59,000 | 57,500 | 57,500 | 57,500 | 25,000 |
| total liabilities | 80,999 | 82,649 | 84,680 | 59,000 | 59,662 | 57,850 | 57,800 | 26,381 |
| net assets | -38,786 | -35,782 | -33,099 | -2,572 | 461 | -5,676 | -4,756 | 3,132 |
| total shareholders funds | -38,786 | -35,782 | -33,099 | -2,572 | 461 | -5,676 | -4,756 | 3,132 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 4,458 | 4,458 | 2,478 | 2,478 | 90 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | |||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -612 | 212 | 1 | 1,927 | 1,519 | -305 | 12,476 | 24,200 |
| Creditors | -450 | 650 | 650 | -2,162 | 1,812 | 50 | -1,081 | 1,381 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -57,500 | 0 | 57,500 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,200 | -2,681 | 25,030 | 59,000 | 0 | -57,500 | 32,500 | 25,000 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | -468 | -390 | -1,164 | -2,312 | 1,913 | -2,382 | 4,803 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -468 | -390 | -1,164 | -2,312 | 1,913 | -2,382 | 4,803 |
mag business solutions ltd Credit Report and Business Information
Mag Business Solutions Ltd Competitor Analysis
Perform a competitor analysis for mag business solutions ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in M14 area or any other competitors across 12 key performance metrics.
mag business solutions ltd Ownership
MAG BUSINESS SOLUTIONS LTD group structure
Mag Business Solutions Ltd has no subsidiary companies.
Ultimate parent company
MAG BUSINESS SOLUTIONS LTD
09488348
mag business solutions ltd directors
Mag Business Solutions Ltd currently has 1 director, Mr Zain Sabir serving since Nov 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Zain Sabir | England | 45 years | Nov 2019 | - | Director |
P&L
February 2023turnover
80.2k
+5%
operating profit
-3k
0%
gross margin
25.3%
+0.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
-38.8k
+0.08%
total assets
42.2k
-0.1%
cash
0
0%
net assets
Total assets minus all liabilities
mag business solutions ltd company details
company number
09488348
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
March 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
-
address
212 lloyd street south, manchester, M14 7DY
Bank
-
Legal Advisor
-
mag business solutions 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 did not find charges/mortgages relating to mag business solutions ltd.
mag business solutions ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
