magic staff ltd
magic staff ltd Company Information
Company Number
12364609
Website
-Registered Address
boston enterprise centre, venture house, boston, lincs, PE21 7TW
Industry
Other business support service activities n.e.c.
Other information service activities n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Natesan Varatheesan4 Years
Shareholders
natesan varatheesan 90%
malini varatheesan 10%
magic staff ltd Estimated Valuation
Pomanda estimates the enterprise value of MAGIC STAFF LTD at £178 based on a Turnover of £320 and 0.56x industry multiple (adjusted for size and gross margin).
magic staff ltd Estimated Valuation
Pomanda estimates the enterprise value of MAGIC STAFF LTD at £0 based on an EBITDA of £-463 and a 3.1x industry multiple (adjusted for size and gross margin).
magic staff ltd Estimated Valuation
Pomanda estimates the enterprise value of MAGIC STAFF LTD at £216 based on Net Assets of £104 and 2.08x industry multiple (adjusted for liquidity).
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Magic Staff Ltd Overview
Magic Staff Ltd is a live company located in boston, PE21 7TW with a Companies House number of 12364609. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2019, it's largest shareholder is natesan varatheesan with a 90% stake. Magic Staff Ltd is a young, micro sized company, Pomanda has estimated its turnover at £320.9 with unknown growth in recent years.
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Magic Staff Ltd Health Check
Pomanda's financial health check has awarded Magic Staff Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £320.9, make it smaller than the average company (£2.9m)
- Magic Staff Ltd
£2.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Magic Staff Ltd
- - Industry AVG
Production
with a gross margin of 29.3%, this company has a higher cost of product (54.8%)
- Magic Staff Ltd
54.8% - Industry AVG
Profitability
an operating margin of -144.3% make it less profitable than the average company (6.7%)
- Magic Staff Ltd
6.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (25)
- Magic Staff Ltd
25 - Industry AVG
Pay Structure
on an average salary of £46.2k, the company has an equivalent pay structure (£46.2k)
- Magic Staff Ltd
£46.2k - Industry AVG
Efficiency
resulting in sales per employee of £320.9, this is less efficient (£121.1k)
- Magic Staff Ltd
£121.1k - Industry AVG
Debtor Days
it gets paid by customers after 133 days, this is later than average (43 days)
- Magic Staff Ltd
43 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (34 days)
- Magic Staff Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Magic Staff Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Magic Staff Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.1%, this is a lower level of debt than the average (55.1%)
11.1% - Magic Staff Ltd
55.1% - Industry AVG
magic staff ltd Credit Report and Business Information
Magic Staff Ltd Competitor Analysis
Perform a competitor analysis for magic staff ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
magic staff ltd Ownership
MAGIC STAFF LTD group structure
Magic Staff Ltd has no subsidiary companies.
Ultimate parent company
MAGIC STAFF LTD
12364609
magic staff ltd directors
Magic Staff Ltd currently has 1 director, Mr Natesan Varatheesan serving since Dec 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Natesan Varatheesan | United Kingdom | 60 years | Dec 2019 | - | Director |
MAGIC STAFF LTD financials
Magic Staff Ltd's latest turnover from December 2022 is estimated at £321 and the company has net assets of £104. According to their latest financial statements, we estimate that Magic Staff Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| 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
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 117 | 2,615 | 1,300 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 117 | 2,615 | 1,300 |
| total assets | 117 | 2,615 | 1,300 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 13 | 2,048 | 960 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 13 | 2,048 | 960 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 13 | 2,048 | 960 |
| net assets | 104 | 567 | 340 |
| total shareholders funds | 104 | 567 | 340 |
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -2,498 | 1,315 | 1,300 |
| Creditors | -2,035 | 1,088 | 960 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
P&L
December 2022turnover
320.9
-96%
operating profit
-463
0%
gross margin
29.4%
-0.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
104
-0.82%
total assets
117
-0.96%
cash
0
0%
net assets
Total assets minus all liabilities
magic staff ltd company details
company number
12364609
Type
Private limited with Share Capital
industry
58190 - Other publishing activities
82990 - Other business support service activities n.e.c.
63990 - Other information service activities n.e.c.
incorporation date
December 2019
age
5
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
boston enterprise centre, venture house, boston, lincs, PE21 7TW
last accounts submitted
December 2022
magic staff 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 magic staff ltd.
magic staff ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
