magnificent developments limited
magnificent developments limited Company Information
Company Number
10612511
Next Accounts
Apr 2025
Directors
Shareholders
fred done
domis construction limited
View AllGroup Structure
View All
Industry
Development of building projects
Registered Address
rsm restructuring advisory llp, 9th floor, manchester, M3 3HF
Website
-magnificent developments limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNIFICENT DEVELOPMENTS LIMITED at £22.5m based on a Turnover of £27.8m and 0.81x industry multiple (adjusted for size and gross margin).
magnificent developments limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNIFICENT DEVELOPMENTS LIMITED at £6.5m based on an EBITDA of £1m and a 6.4x industry multiple (adjusted for size and gross margin).
magnificent developments limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNIFICENT DEVELOPMENTS LIMITED at £0 based on Net Assets of £-293.6k and 1.41x industry multiple (adjusted for liquidity).
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Magnificent Developments Limited Overview
Magnificent Developments Limited is a dissolved company that was located in manchester, M3 3HF with a Companies House number of 10612511. It operated in the development of building projects sector, SIC Code 41100. Founded in February 2017, it's largest shareholder was fred done with a 50% stake. The last turnover for Magnificent Developments Limited was estimated at £27.8m.
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Magnificent Developments Limited Health Check
Pomanda's financial health check has awarded Magnificent Developments Limited a 2.5 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
3 Strong
3 Regular
4 Weak
Size
annual sales of £27.8m, make it larger than the average company (£2m)
- Magnificent Developments Limited
£2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Magnificent Developments Limited
- - Industry AVG
Production
with a gross margin of 27%, this company has a comparable cost of product (27%)
- Magnificent Developments Limited
27% - Industry AVG
Profitability
an operating margin of 3.6% make it less profitable than the average company (10.3%)
- Magnificent Developments Limited
10.3% - Industry AVG
Employees
with 106 employees, this is above the industry average (6)
- Magnificent Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £43.4k, the company has an equivalent pay structure (£43.4k)
- Magnificent Developments Limited
£43.4k - Industry AVG
Efficiency
resulting in sales per employee of £261.8k, this is equally as efficient (£264.2k)
- Magnificent Developments Limited
£264.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Magnificent Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (30 days)
- Magnificent Developments Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 793 days, this is more than average (236 days)
- Magnificent Developments Limited
236 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Magnificent Developments Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.6%, this is a higher level of debt than the average (73.3%)
100.6% - Magnificent Developments Limited
73.3% - Industry AVG
MAGNIFICENT DEVELOPMENTS LIMITED financials
Magnificent Developments Limited's latest turnover from March 2020 is estimated at £27.8 million and the company has net assets of -£293.6 thousand. According to their latest financial statements, we estimate that Magnificent Developments Limited has 106 employees and maintains cash reserves of £202.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|
| 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 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | |||
| Stock & work in progress | 44,049,063 | 23,413,748 | 4,801,300 |
| Trade Debtors | |||
| Group Debtors | 2,415 | 14,736 | 17,136 |
| Misc Debtors | 1,568,613 | 992,948 | 1,401,794 |
| Cash | 202,083 | 188,459 | 91,760 |
| misc current assets | |||
| total current assets | 45,822,174 | 24,609,891 | 6,311,990 |
| total assets | 45,822,174 | 24,609,891 | 6,311,990 |
| Bank overdraft | 31,390,735 | ||
| Bank loan | |||
| Trade Creditors | 2,257,534 | 4,112,311 | 124,049 |
| Group/Directors Accounts | 173 | 173 | 173 |
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 12,467,317 | 10,946,019 | 6,207,014 |
| total current liabilities | 46,115,759 | 15,058,503 | 6,331,236 |
| loans | 9,602,139 | ||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | 9,602,139 | ||
| total liabilities | 46,115,759 | 24,660,642 | 6,331,236 |
| net assets | -293,585 | -50,751 | -19,246 |
| total shareholders funds | -293,585 | -50,751 | -19,246 |
| Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | 20,635,315 | 18,612,448 | 4,801,300 |
| Debtors | 563,344 | -411,246 | 1,418,930 |
| Creditors | -1,854,777 | 3,988,262 | 124,049 |
| Accruals and Deferred Income | 1,521,298 | 4,739,005 | 6,207,014 |
| 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 | 173 | ||
| Other Short Term Loans | |||
| Long term loans | -9,602,139 | 9,602,139 | |
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 13,624 | 96,699 | 91,760 |
| overdraft | 31,390,735 | ||
| change in cash | -31,377,111 | 96,699 | 91,760 |
magnificent developments limited Credit Report and Business Information
Magnificent Developments Limited Competitor Analysis
Perform a competitor analysis for magnificent developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in M 3 area or any other competitors across 12 key performance metrics.
magnificent developments limited Ownership
MAGNIFICENT DEVELOPMENTS LIMITED group structure
Magnificent Developments Limited has 1 subsidiary company.
Ultimate parent company
MAGNIFICENT DEVELOPMENTS LIMITED
10612511
1 subsidiary
magnificent developments limited directors
Magnificent Developments Limited currently has 1 director, Mr Fred Done serving since Dec 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Fred Done | England | 82 years | Dec 2018 | - | Director |
P&L
March 2020turnover
27.8m
-12%
operating profit
1m
0%
gross margin
27%
-4.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
-293.6k
+4.78%
total assets
45.8m
+0.86%
cash
202.1k
+0.07%
net assets
Total assets minus all liabilities
magnificent developments limited company details
company number
10612511
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2020
previous names
N/A
accountant
-
auditor
-
address
rsm restructuring advisory llp, 9th floor, manchester, M3 3HF
Bank
-
Legal Advisor
-
magnificent developments 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 5 charges/mortgages relating to magnificent developments limited. Currently there are 0 open charges and 5 have been satisfied in the past.
magnificent developments 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.
Click to start generating capital raising & share issue transactions for MAGNIFICENT DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
magnificent developments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
