Magic Whiteboard Limited

Magic Whiteboard Ltd, based in Worcester, UK, is a small, family-run business with an active status. Founded sixteen years ago in 2008, the company employs three people and holds £394,272 in assets. It operates from a real address on the Blackpole West Industrial Estate and is overseen by three directors and two owners. The business runs an e-commerce site, selling whiteboards and related products, and regularly imports miscellaneous manufactured goods—the latest import was in October 2024. It also exports paper and paperboard products, though less frequently, with the last export occurring in June 2017.

The company's website showcases a range of whiteboard products, including rolls, blackout blinds, and markers, catering to both schools and businesses. It even offers invoice options for larger orders and highlights its status as a "Dragons' Den Winner," emphasizing its success and quality. The site promotes special offers, like "buy 4, pay for 3," and features video guides and FAQs to assist customers. The website is well-designed, and the product range is extensive, suggesting a focus on both retail and potential wholesale opportunities.

Financially, Magic Whiteboard Ltd presents a mixed picture. Cash bank increased by a significant 22%, reaching £170,000, and current assets grew by 47% to £390,000. However, debtors surged by a massive 160%, reaching £160,000, which could indicate difficulties in collecting payments. Deferred tax liabilities jumped by an astonishing 2100%, reaching £35,000—a potentially concerning trend. Equity, however, increased by 14%, reaching £1.5 million, and net assets also grew by 14% to £1.5 million. The company, classified as small due to meeting two of three criteria, benefits from agility but needs to manage its debtors effectively. As a small company, it's exempt from a full audit, so the figures are unaudited.

Overall, Magic Whiteboard Ltd seems to be growing, but the increase in debtors warrants closer monitoring. The company’s focus on innovation, as evidenced by its Dragons’ Den success and product range, positions it well for continued growth, though financial discipline will be key.

Registered in England/Wales under the registration number 06615498, with a registered address at WR3 8TJ, Worcester, Worcestershire, 95c Blackpole West Industrial Estate.

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