MAGENTAVERSE CIC

Executive Summary

MAGENTAVERSE CIC is an early-stage community interest company focused on arts and sports education for disadvantaged youth in Sandwell, currently without operational activity or financial assets. Positioned as a niche social enterprise aligning with sector trends emphasizing youth wellbeing and social inclusion, it faces typical challenges of new entrants in securing funding and building capacity. Its future success will depend on establishing stakeholder relationships, securing sustainable resources, and demonstrating impact in a competitive community services landscape.

MAGENTAVERSE CIC - Analysis Report

Company Number: 15113238

Analysis Date: 2025-07-20 14:18 UTC

1. Industry Classification
   MAGENTAVERSE CIC operates primarily under SIC code 90030 ("Artistic creation") with a secondary classification of 85510 ("Sports and recreation education"). This places the company within the community interest sector focused on arts and sports education aimed at social and mental wellbeing outcomes for disadvantaged youth. Key industry characteristics include a reliance on grant funding, community engagement, non-commercial objectives, and a focus on social impact rather than profit generation. Operators in this sector typically have limited fixed assets and employ few staff, often relying on volunteers or part-time workers.

2. Relative Performance
   As a newly incorporated company (September 2023), MAGENTAVERSE CIC has reported no trading activity, no assets, liabilities, or employees during its first financial period ending September 2024. This is not unusual for a social enterprise in its start-up phase, especially in the arts and community sports sectors where initial fundraising and program development precede operational activity. Compared to typical sector benchmarks, where community interest companies might show modest revenues from grants, donations, or service contracts and some fixed assets related to equipment or facilities, MAGENTAVERSE currently has no financial footprint. Thus, its financial metrics are below sector averages, but this is consistent with a company in formation rather than operational maturity.

3. Sector Trends Impact
   The arts and sports education sector serving disadvantaged youth is influenced by several market dynamics:

• Increasing demand for mental health and wellbeing support through non-clinical interventions.
• Growing availability of government and charitable funding targeting youth engagement and social inclusion.
• Challenges in securing sustainable funding amid public sector budget constraints and competition for grants.
• A shift towards digital and hybrid delivery models post-COVID, requiring investment in technology and skills.
• Emphasis on measuring social impact and outcomes to justify funding and stakeholder support.
  MAGENTAVERSE’s focus aligns well with these trends, positioning it to leverage growing attention on youth wellbeing. However, the sector’s financial volatility and dependency on external funding pose risks to new entrants.

4. Competitive Positioning
   MAGENTAVERSE CIC is clearly a niche player within the community interest and social enterprise landscape, targeting a specific geographic region (Sandwell) and demographic (disadvantaged young people). Strengths include its dual focus on arts and sports as complementary tools for mental health support, which can differentiate it from organizations specializing in only one domain. The company’s governance structure (private limited by guarantee) aligns with best practices for CICs, and control by a director with local ties suggests potential for community trust and engagement. However, weaknesses at this stage include:

• Lack of operational history or financial resources may limit initial service delivery and fundraising capability.
• No established partnerships or stakeholder consultations reported yet, which are critical in this sector for credibility and referrals.
• Absence of employees or volunteers restricts program rollout and community reach initially.
  In comparison, established competitors may have ongoing funding streams, experienced staff, and proven impact data, giving them an advantage in attracting support.