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Company No. 08285062 · Incorporated 7 Nov 2012

Magic Life Limited

Registered name: MAGIC LIFE LIMITED

Magic Life Limited made £16.5m revenue and £668k profit in the year to 30 Nov 2024.

Magic Life Limited’s revenue grew 27% to £16.5m in the year to 30 Nov 2024, with £668k profit and 424 employees. The company is classified under “residential care activities for learning difficulties, mental health and substance abuse” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 87200Residential care activities for learning difficulties, mental health and substance abuse
Status
Active
Location
London, London
Age
13 yrs · since 2012
Type
Private Limited Company
Latest accounts · year to 30 Nov 2024

Key figures

IndependentCapital-lightCash flow filed
Revenue
£16.5m
Growth ▲27%
Profit
£668k
Growth ▼38.3%
Profit margin
4.1%
Gross 25.6%
Employees
424
Change ▲15.5%
Profit / employee
£1.6k
Revenue/employee £38.8k
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Nov 202230 Nov 202330 Nov 2024
DisclosureNo P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)—£13m£16.5m
Cost of sales—£8.8m£12.2m
Gross profit—£4.2m£4.2m
Operating profit—£1.5m£1.1m
Profit before tax—£1.5m£1m
Profit after tax—£1.1m£668k
Profit (best available)—£1.1m£668k
Staff costs—£7.8m£11.3m
Employees (average)187367424
Ratios
Profit margin—8.4%4.1%
Gross margin—32.4%25.6%
Revenue per employee—£35.3k£38.8k
Profit per employee—£3k£1.6k
Cash conversion—−24.5%39.3%
Growth (year on year)
Revenue growth——▲27%
Profit growth——▼38.3%
Headcount growth—▲96.3%▲15.5%
Balance sheet — indirect signals, not revenue
Cash at bank£528k£214k£183k
Net assets£2.2m£3.2m£3.9m
Fixed assets£1.7m£1.7m£1.6m
Current assets£2.9m£5m£6.6m
Debtors£1.1m£1.8m£2.4m
Cash from operations—−£374k£420k
SourceFilletedAccounts · bulk data Nov 2024FilletedAccounts · bulk data Nov 2024FullAccounts · bulk data Feb 2026
Derived from the latest filing

How the business works

Profit margin
4.1%
Profit ÷ revenue.
Gross margin
25.6%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£38.8k
Revenue ÷ average employees.
Profit per employee
£1.6k
Profit ÷ average employees.
Cash conversion
39.3%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
9.4%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
14.7%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▲21%
Now £3.9m
Cash at bank
▼15%
Now £183k
Headcount
▲16%
Now 424
Deferred income
—
Now —
Fixed assets
▼10%
Now £1.6m
Corporate ownership

Group structure

Minority corporate shareholders

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2024 (profit £668k), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.