Quick Pick Magic Ltd

Quick Pick Magic Ltd from Bootle UK: a small, active company founded four years ago, employs three people, and holds £7,948 in assets. It’s a solo-founder operation with one director and owner, operating an e-commerce site. The company is registered at a real address, shared by three other businesses, suggesting a legitimate presence.

The business specializes in retail sale of games and toys, both in specialised stores and online. Its website, though minimal, points to a focus on online sales. It’s a small company, meeting two of three criteria: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees.

Financially, Quick Pick Magic Ltd is showing some concerning trends. Cash bank on hand has fallen by a significant 40% to £7,900, and current assets have also dropped by 40% to the same amount. Equity has also decreased by 13%, and net assets are down to £21,000. There's a negative net current assets of -£2,400. Trade debtors have increased, which could be a sign of delayed payments, or maybe the company is expanding credit terms. The average number of employees has also decreased by 33%, from three to two. While creditors have decreased by 17%, this is a positive sign. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Quick Pick Magic Ltd appears to be facing financial pressures, though it’s difficult to say if this is a temporary setback or a longer-term challenge. The decrease in cash and assets suggests the company is burning through money, but the decrease in creditors is a positive sign.

Registered in England/Wales under the registration number 13066613, with a registered address at L30 1PR, England, Bootle, 56 Hereford Drive.

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