magnacares limited
magnacares limited Company Information
Company Number
10690678
Website
www.magnacares.comRegistered Address
368 forest road, london, E17 5JF
Industry
Other retail sale not in stores, stalls or markets
Telephone
02083671234
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
erdal mehmet 70%
zehra mehmet 15%
View Allmagnacares limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNACARES LIMITED at £19.3k based on a Turnover of £63.4k and 0.3x industry multiple (adjusted for size and gross margin).
magnacares limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNACARES LIMITED at £0 based on an EBITDA of £-3.2k and a 3.13x industry multiple (adjusted for size and gross margin).
magnacares limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNACARES LIMITED at £43.6k based on Net Assets of £20.3k and 2.15x industry multiple (adjusted for liquidity).
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Magnacares Limited Overview
Magnacares Limited is a live company located in london, E17 5JF with a Companies House number of 10690678. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in March 2017, it's largest shareholder is erdal mehmet with a 70% stake. Magnacares Limited is a young, micro sized company, Pomanda has estimated its turnover at £63.4k with declining growth in recent years.
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Magnacares Limited Health Check
Pomanda's financial health check has awarded Magnacares Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £63.4k, make it smaller than the average company (£817.4k)
- Magnacares Limited
£817.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.3%)
- Magnacares Limited
4.3% - Industry AVG
Production
with a gross margin of 33.2%, this company has a comparable cost of product (33.2%)
- Magnacares Limited
33.2% - Industry AVG
Profitability
an operating margin of -5.1% make it less profitable than the average company (5.7%)
- Magnacares Limited
5.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (9)
- Magnacares Limited
9 - Industry AVG
Pay Structure
on an average salary of £33.9k, the company has an equivalent pay structure (£33.9k)
- Magnacares Limited
£33.9k - Industry AVG
Efficiency
resulting in sales per employee of £63.4k, this is less efficient (£190.2k)
- Magnacares Limited
£190.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Magnacares Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Magnacares Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 160 days, this is more than average (71 days)
- Magnacares Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (26 weeks)
36 weeks - Magnacares Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.3%, this is a lower level of debt than the average (65.9%)
34.3% - Magnacares Limited
65.9% - Industry AVG
MAGNACARES LIMITED financials
Magnacares Limited's latest turnover from March 2023 is estimated at £63.4 thousand and the company has net assets of £20.3 thousand. According to their latest financial statements, we estimate that Magnacares Limited has 1 employee and maintains cash reserves of £2.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | 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 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 18,620 | 21,550 | 25,922 | 29,380 | 25,100 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 275 | 119 | 1,894 | 0 |
| Cash | 2,508 | 6,606 | 0 | 4,705 | 861 | 100 |
| misc current assets | 9,717 | 10,630 | 21,913 | 0 | 0 | 0 |
| total current assets | 30,845 | 38,786 | 48,110 | 34,204 | 27,855 | 100 |
| total assets | 30,845 | 38,786 | 48,110 | 34,204 | 27,855 | 100 |
| Bank overdraft | 0 | 0 | 916 | 0 | 0 | 0 |
| Bank loan | 3,000 | 3,000 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 18,185 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 568 | 1,279 | 2,684 | 16,224 | 9,622 | 0 |
| total current liabilities | 3,568 | 4,279 | 3,600 | 16,224 | 27,807 | 0 |
| loans | 7,000 | 10,000 | 15,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,000 | 10,000 | 15,000 | 0 | 0 | 0 |
| total liabilities | 10,568 | 14,279 | 18,600 | 16,224 | 27,807 | 0 |
| net assets | 20,277 | 24,507 | 29,510 | 17,980 | 48 | 100 |
| total shareholders funds | 20,277 | 24,507 | 29,510 | 17,980 | 48 | 100 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | -2,930 | -4,372 | -3,458 | 4,280 | 25,100 | 0 |
| Debtors | 0 | -275 | 156 | -1,775 | 1,894 | 0 |
| Creditors | 0 | 0 | 0 | -18,185 | 18,185 | 0 |
| Accruals and Deferred Income | -711 | -1,405 | -13,540 | 6,602 | 9,622 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 3,000 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -3,000 | -5,000 | 15,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -4,098 | 6,606 | -4,705 | 3,844 | 761 | 100 |
| overdraft | 0 | -916 | 916 | 0 | 0 | 0 |
| change in cash | -4,098 | 7,522 | -5,621 | 3,844 | 761 | 100 |
magnacares limited Credit Report and Business Information
Magnacares Limited Competitor Analysis
Perform a competitor analysis for magnacares limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in E17 area or any other competitors across 12 key performance metrics.
magnacares limited Ownership
MAGNACARES LIMITED group structure
Magnacares Limited has no subsidiary companies.
Ultimate parent company
MAGNACARES LIMITED
10690678
magnacares limited directors
Magnacares Limited currently has 2 directors. The longest serving directors include Mr Erdal Mehmet (Mar 2017) and Mrs Zehra Mehmet (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Erdal Mehmet | 63 years | Mar 2017 | - | Director | |
| Mrs Zehra Mehmet | United Kingdom | 58 years | Dec 2021 | - | Director |
P&L
March 2023turnover
63.4k
-18%
operating profit
-3.2k
0%
gross margin
33.3%
+1.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
20.3k
-0.17%
total assets
30.8k
-0.2%
cash
2.5k
-0.62%
net assets
Total assets minus all liabilities
Similar Companies
magnacares limited company details
company number
10690678
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
March 2017
age
7
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
368 forest road, london, E17 5JF
accountant
-
auditor
-
magnacares 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 magnacares limited.
magnacares limited Companies House Filings - See Documents
| date | description | view/download |
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