Mags Creative Limited

Mags Creative Limited is a small, active company based in London, UK, founded nine years ago in 2015. With 14 employees and £126,508 in assets, it operates from a virtual address and is a family business run by two directors and owners, Russell Faith and Russell Hannah. The company’s core business is professional podcast production and promotion, offering full-service agency services to build powerful communities.

The company's website highlights its work with leading brands, major commissioning platforms, and talent, showcasing a portfolio of podcasts and social media content. It's clear they're focused on audio-first content, supercharged by video and social media. They’re really pushing the podcasting angle, and it seems like they’re doing a good job of getting their name out there.

Financially, Mags Creative Limited has experienced some turbulence. Cash reserves have plummeted 47% to £100,000, and net assets have taken a significant hit, dropping 200% to -£6,300. Debtor’s have also fallen dramatically, down 71% to just £26,000. On the positive side, creditors have decreased by 49%, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decline in equity is a concern. The accounts are unaudited, which is common for small companies.

Overall, Mags Creative Limited appears to be navigating a challenging period. While its podcasting services seem to be in demand, the financial figures suggest it's burning through cash. Whether this is a temporary setback or a longer-term trend remains to be seen—but the company's focus on quality content and client relationships may help it weather the storm.

Registered in England/Wales under the registration number 09589756, with a registered address at WC2A 2JR, United Kingdom, London, 7 Bell Yard.

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