Blue Magik Limited

Blue Magik Limited, based in Leicester, UK, is a small, active company founded 14 years ago in 2010. It employs just two people and holds £123,690 in assets, operating from a virtual address shared by 186 other companies. The company is run by a solo founder, Khan Rehan Ali, who also serves as director and owner. Blue Magik runs an e-commerce site specializing in alternative clothing, importing clothing and accessories (excluding knitted or crocheted items) irregularly—just two months of imports were recorded as of January 2017.

The website, bluemagikuk, showcases a wide range of alternative fashion, from punk rock to gothic styles, catering to women, men, and children. It emphasizes quirky prints, trendsetting designs, and competitive pricing, with a focus on online sales and a 15% discount for new subscribers. The site also features a blog, offering style advice and highlighting new arrivals.

Financially, Blue Magik Limited presents a mixed picture. While turnover remains undisclosed, net assets have significantly declined, dropping 270% to -£46,000. Bank borrowings have increased, and cash reserves have fallen, suggesting the company is burning through money. Creditors have also decreased, indicating better debt management. The company’s small size (meeting two of three criteria for a small company) helps it remain agile, but the sharp decline in equity raises concerns. The accounts are unaudited, as is typical for small companies. It’s likely that the company is struggling to become profitable, despite its active online presence and unique product offering.

Registered in England/Wales under the registration number 07391742, with a registered address at LE5 4LE, United Kingdom, Leicester, 109 Coleman Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.