RE: Reasonable discussion about ingenuine and fake posters at MMAG.21 Dec 2023 12:39
For the record....(I was being generous and used Mazuma Gross Profit and MMAG's Profit befor Tax - Now corrected using Gross Profit for both)
Mazuma ARE much smaller scale than MMAG
The only P&L info i can find shows that in FY20
FY20
Revenue
Mazuma - £26.7m
MusicMagpie - £153m
Gross Profit
Mazuma - £0.4m
MusicMagpie - £44.7m
And the Mazuma balance sheet shows the company in 2022 is no bigger than it was in 2020
Here is the LINK:
https://companycheck.co.uk/company/05909550/MAZUMA-MOBILE-LIMITED/financials
And here is the extract of key metrics
Year End Date FY22 FY21 FY20 FY19 FY18
Gross Profit £379,251 £632,805 £3,139,640
Turnover £26,769,458 £15,088,121 £12,250,617
Working Capital £3,169,685 £2,665,439 -£2,452,316 £617,681 £3,956,327
Total Assets £4,375,745 £3,684,301 £3,742,426 £8,423,832 £5,410,619
Total Liabilitie £4,147,876 £5,700,784 £7,637,951 £8,194,983 £1,071,323
Net Assets £227,869 -£2,016,483 -£3,895,525 £228,849 £4,339,296