the new magic wok limited
the new magic wok limited Company Information
Group Structure
View All
Industry
Take away food shops and mobile food stands
Registered Address
58 long lane, broughty ferry, dundee, DD5 1HH
Website
-the new magic wok limited Estimated Valuation
Pomanda estimates the enterprise value of THE NEW MAGIC WOK LIMITED at £186.6k based on a Turnover of £242.9k and 0.77x industry multiple (adjusted for size and gross margin).
the new magic wok limited Estimated Valuation
Pomanda estimates the enterprise value of THE NEW MAGIC WOK LIMITED at £0 based on an EBITDA of £-6k and a 4.84x industry multiple (adjusted for size and gross margin).
the new magic wok limited Estimated Valuation
Pomanda estimates the enterprise value of THE NEW MAGIC WOK LIMITED at £170.1k based on Net Assets of £68.2k and 2.49x industry multiple (adjusted for liquidity).
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The New Magic Wok Limited Overview
The New Magic Wok Limited is a dissolved company that was located in dundee, DD5 1HH with a Companies House number of SC472320. It operated in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in March 2014, it's largest shareholder was tin sun lee with a 100% stake. The last turnover for The New Magic Wok Limited was estimated at £242.9k.
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The New Magic Wok Limited Health Check
Pomanda's financial health check has awarded The New Magic Wok Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £242.9k, make it larger than the average company (£189.4k)
- The New Magic Wok Limited
£189.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (8.4%)
- The New Magic Wok Limited
8.4% - Industry AVG
Production
with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)
- The New Magic Wok Limited
56.7% - Industry AVG
Profitability
an operating margin of -2.5% make it less profitable than the average company (3.4%)
- The New Magic Wok Limited
3.4% - Industry AVG
Employees
with 10 employees, this is below the industry average (33)
10 - The New Magic Wok Limited
33 - Industry AVG
Pay Structure
on an average salary of £10.7k, the company has an equivalent pay structure (£10.7k)
- The New Magic Wok Limited
£10.7k - Industry AVG
Efficiency
resulting in sales per employee of £24.3k, this is less efficient (£35.4k)
- The New Magic Wok Limited
£35.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- The New Magic Wok Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (28 days)
- The New Magic Wok Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The New Magic Wok Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1127880 weeks, this is more cash available to meet short term requirements (16 weeks)
1127880 weeks - The New Magic Wok Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0%, this is a lower level of debt than the average (84.4%)
0% - The New Magic Wok Limited
84.4% - Industry AVG
THE NEW MAGIC WOK LIMITED financials
The New Magic Wok Limited's latest turnover from March 2018 is estimated at £242.9 thousand and the company has net assets of £68.2 thousand. According to their latest financial statements, The New Magic Wok Limited has 10 employees and maintains cash reserves of £21.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|
| 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 | 10 | 10 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|
| Tangible Assets | 5,065 | 2,216 | 1,760 | |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | 30,000 | 30,000 | ||
| Total Fixed Assets | 35,065 | 32,216 | 1,760 | |
| Stock & work in progress | 1,200 | 2,300 | 2,942 | |
| Trade Debtors | 1,765 | 1,155 | 666 | |
| Group Debtors | ||||
| Misc Debtors | 34,151 | |||
| Cash | 21,690 | 70,255 | 47,535 | 71,576 |
| misc current assets | 12,378 | |||
| total current assets | 68,219 | 73,220 | 50,990 | 75,184 |
| total assets | 68,219 | 108,285 | 83,206 | 76,944 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 1 | 4,841 | 6,991 | 42,265 |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 29,451 | 30,535 | ||
| total current liabilities | 1 | 34,292 | 37,526 | 42,265 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 1 | 34,292 | 37,526 | 42,265 |
| net assets | 68,218 | 73,993 | 45,680 | 34,679 |
| total shareholders funds | 68,218 | 73,993 | 45,680 | 34,679 |
| Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 1,007 | 495 | 440 | |
| Amortisation | ||||
| Tax | ||||
| Stock | -1,200 | -1,100 | -642 | 2,942 |
| Debtors | 2,386 | 610 | 30,489 | 666 |
| Creditors | -4,840 | -2,150 | -35,274 | 42,265 |
| Accruals and Deferred Income | -29,451 | -1,084 | 30,535 | |
| 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 | ||||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -48,565 | 22,720 | -24,041 | 71,576 |
| overdraft | ||||
| change in cash | -48,565 | 22,720 | -24,041 | 71,576 |
the new magic wok limited Credit Report and Business Information
The New Magic Wok Limited Competitor Analysis
Perform a competitor analysis for the new magic wok limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other undefined companies, companies in DD5 area or any other competitors across 12 key performance metrics.
the new magic wok limited Ownership
THE NEW MAGIC WOK LIMITED group structure
The New Magic Wok Limited has no subsidiary companies.
Ultimate parent company
THE NEW MAGIC WOK LIMITED
SC472320
the new magic wok limited directors
The New Magic Wok Limited currently has 1 director, Mr Tin Lee serving since Mar 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tin Lee | Scotland | 70 years | Mar 2014 | - | Director |
P&L
March 2018turnover
242.9k
+31%
operating profit
-6k
0%
gross margin
56.8%
-2.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2018net assets
68.2k
-0.08%
total assets
68.2k
-0.37%
cash
21.7k
-0.69%
net assets
Total assets minus all liabilities
the new magic wok limited company details
company number
SC472320
Type
Private limited with Share Capital
industry
56103 - Take away food shops and mobile food stands
incorporation date
March 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2018
previous names
N/A
accountant
-
auditor
-
address
58 long lane, broughty ferry, dundee, DD5 1HH
Bank
-
Legal Advisor
-
the new magic wok 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 the new magic wok limited.
the new magic wok 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 THE NEW MAGIC WOK LIMITED. This can take several minutes, an email will notify you when this has completed.
the new magic wok limited Companies House Filings - See Documents
| date | description | view/download |
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