How much does Magic Media Works Limited make?

Magic Media Works Limited reported revenue of £920k and a loss of £7.9m in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Magic Media Works Limited have?

Magic Media Works Limited reported an average of 35 employees in the year to 31 Dec 2022.

Is Magic Media Works Limited profitable?

No — Magic Media Works Limited reported a loss of £7.9m in the year to 31 Dec 2022.

Company No. 09054377 · Incorporated 23 May 2014

Magic Media Works Limited

Registered name: MAGIC MEDIA WORKS LIMITED

Magic Media Works Limited made £920k revenue and a £7.9m loss in the year to 31 Dec 2022.

Magic Media Works Limited’s revenue fell 24% to £920k in the year to 31 Dec 2022, with a loss of £7.9m and 35 employees. The company is classified under “ready-made interactive leisure and entertainment software development” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62011Ready-made interactive leisure and entertainment software development

Status: In Administration
Location: London, London
Age: 12 yrs · since 2014
Type: Private Limited Company

Latest accounts · year to 31 Dec 2022

Key figures

IndependentCapital-light

Revenue

£920k

Growth ▼23.6%

Profit

−£7.9m

Growth —

Profit margin

−855.6%

Gross 7.4%

Employees

Change 0%

Profit / employee

−£225k

Revenue/employee £26.3k

Profitable streak

0yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.2m	£920k
Cost of sales	£1.1m	£853k
Gross profit	£119k	£67.7k
Operating profit	−£9.1m	−£7.5m
Profit before tax	−£9.3m	−£7.9m
Profit after tax	−£8.7m	−£7.9m
Profit (best available)	−£8.7m	−£7.9m
Employees (average)	35	35
Ratios
Profit margin	−724%	−855.6%
Gross margin	9.9%	7.4%
Revenue per employee	£34.4k	£26.3k
Profit per employee	−£249k	−£225k
Growth (year on year)
Revenue growth	—	▼23.6%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.9m	£2.1m
Net assets	−£9.2m	−£15.3m
Fixed assets	£12k	£11.1k
Current assets	£8.7m	£5.5m
Debtors	£95.8k	£14.5k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: −855.6%; Profit ÷ revenue.
Gross margin: 7.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £26.3k; Revenue ÷ average employees.
Profit per employee: −£225k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.6%; 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: —; Now −£15.3m
Cash at bank: ▼29%; Now £2.1m
Headcount: 0%; Now 35
Deferred income: —; Now —
Fixed assets: ▼7%; Now £11.1k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2022 (profit −£7.9m), from the Companies House accounts bulk data published Aug 2024. 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.