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Magic Media Works Limited

09054377

in administration
Private Limited Company
Companies House
Health Score
N/A

Details

PEARL ASSURANCE HOUSE, LONDON, N12 8LY
Incorporated 23/05/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62011
Ready-made interactive leisure and entertainment software development

Officers

Mr Robert John Lewis

director · Since 19/06/2014

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 57

Also on 3 other boards

Mr William Geraint Morgan

director · Since 19/06/2014

TECHNOLOGIST

BRITISH · ENGLAND · Age 55

Also on 2 other boards

Mr Mohammed Sohail Bhatti

director · Since 05/11/2016

ACCOUNTANT

BRITISH · ENGLAND · Age 66

Miss Serene Sass

director · Since 18/02/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 2 other boards

Persons with Significant Control

Former PSCs

Mr Robert John Lewis

Ceased 21/12/2018

Yolo Leisure And Technology Plc

Ceased 12/06/2018

Charges1 outstanding

Charge
outstanding

ROXI SECURITY TRUSTEE LIMITED

Created 28/03/2024Registered 18/04/2024
Charge
satisfied

YOLO LEISURE AND TECHNOLOGY PLC

Created 05/11/2016Registered 08/11/2016Satisfied 11/12/2020

CompanyRankvs 24940+ SIC 62011 peers
44

Financial strength0th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.45× · 12/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity12/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2022

Turnover

£920k

Annual revenue

Net Worth

-£15.3M

Balance sheet strength

Cash

£2.1M

Cash in the bank

Profit Before Tax

-£7.9M

Bottom line earnings

Net Current Assets

£1.7M

Working capital

Current Assets

£5.5M

Current Liabilities

£3.8M

Fixed Assets

£11k

Debtors

£2.9M

Cost of Sales

£853k

Gross Profit

£68k

Admin Expenses

£6.4M

Operating Profit

-£7.5M

Profit After Tax

-£7.9M

35avg. employees

Balance Sheet

Assets less current liabilities£1.7M
Signed by Mr Craig Harrison Mr Robert Lewis 12/08/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20221.45-£6.1M
20213.00-£6.0M
20202.13+£516k
20192.33-£695k
20182.89

Derived from filed accounts. Not audited figures.