Magic Sound Ltd

Magic Sound Ltd, based in London, UK, is a small, active company founded fourteen years ago in 2010. Employing five people, the company holds £9,374,679 in assets and operates from a real address. It’s a solo-founded operation with two directors overseeing its activities. The company regularly imports electrical machinery and equipment – twenty-two months of import activity recorded, the latest in December 2024 – but has only sporadically exported clothing and accessories, with just one month of export activity in September 2024.

The company’s website, Magic Sound Entertainment, focuses on promoting and organizing concerts and events, particularly K-Pop shows. It lists upcoming and past shows, including tours by artists like JJ Lin, Joker Xue, Jacky Cheung, Jay Chou, and NCT. The site’s emphasis is on live entertainment, showcasing a calendar of events across the UK and Europe. It also has a section for K-Pop events, suggesting a focus on this genre.

Financially, Magic Sound Ltd shows a mixed picture. Cash reserves have impressively increased by 400%, reaching £6,000,000, while accrued liabilities have decreased by 36%, down to -£2,300,000. The number of employees has risen by 40%, now at seven, suggesting expansion. However, net assets have dramatically improved, jumping 140% to £600,000. Debtors have decreased by 28%, which is a good sign. Prepayments and accrued income have increased significantly, up 840%, to £380,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Magic Sound Ltd is showing signs of financial improvement, despite a history of losses. The company’s focus on live entertainment, particularly K-Pop, seems to be driving growth, but the company’s ability to maintain this momentum remains to be seen.

Registered in England/Wales under the registration number 07433425, with a registered address at EC2A 2EA, United Kingdom, London, 44 1st Floor, 44 Worship Street.

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