Magic Madhouse Limited

Magic Madhouse Ltd, based in Enfield, UK, is a sizable company with an active status, having been founded thirteen years ago. While it boasts £6,114,541 in assets and a real address, accounts are currently overdue by three months, a potential cause for concern. The company employs 54 people and is managed by one director and one owner. It operates an e-commerce site and regularly imports and exports toys, games, and sports equipment—102 months of imports and 45 months of exports, respectively.

As a large company, Magic Madhouse met two of three conditions: turnover exceeding £36 million, a balance sheet total surpassing £18 million, and more than 250 employees. The company’s core business involves retail sales of games and toys, both in specialized stores and via online platforms. The website showcases a vast selection, from Magic: The Gathering and Pokémon cards to board games and figurines, catering to a wide range of interests. The site also features a range of merchandise, including apparel, homewares, and figures.

Financially, Magic Madhouse Ltd has seen some notable shifts. Accrued liabilities and deferred income have increased significantly, rising by 190%, while depreciation on computer equipment has decreased by 39%. Staff costs have risen by 16%, reflecting the company’s ongoing operations, but net assets have fallen by 30% to £800,000. Bank borrowings have increased, reaching £29,000, and cash reserves have decreased by 30% to £910,000. Trade debtors have ballooned by 890%, suggesting potential issues with customer payments.

Despite these challenges, Magic Madhouse Ltd continues to operate, importing and exporting a wide range of products. The company's large size and established presence in the trading card and gaming market suggest a degree of resilience, but the overdue accounts and financial pressures warrant close monitoring. The company's auditor is Gravita Audit Limited, and the financial statements are unaudited.

Registered in England/Wales under the registration number 07969584, with a registered address at EN1 1SH, England, Enfield, Unit 1 Great Cambridge Industrial Estate.

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