Mag Innovations Ltd
Registered name: MAG INNOVATIONS LTD
Mag Innovations Ltd made £421k revenue and £7.6k profit in the year to 31 Dec 2024. read from filing text
Mag Innovations Ltd’s revenue grew 304% to £421k in the year to 31 Dec 2024, with £7.6k profit and 1 employee. The company is classified under “other professional, scientific and technical activities” and is based in Chigwell; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Chigwell, London
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | — | £104k | £421k |
| Cost of sales | — | £62.5k | £364k |
| Gross profit | — | £41.9k | £57.3k |
| Profit before tax | — | £6.9k | £8.9k |
| Profit after tax | — | £4.8k | £7.6k |
| Profit (best available) | — | £4.8k | £7.6k |
| Employees (average) | 1 | 1 | 1 |
| Ratios | |||
| Profit margin | — | 4.6% | 1.8% |
| Gross margin | — | 40.2% | 13.6% |
| Revenue per employee | — | £104k | £421k |
| Profit per employee | — | £4.8k | £7.6k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲303.6% |
| Profit growth | — | — | ▲57.3% |
| Headcount growth | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £18.5k | £12.1k | £190k |
| Net assets | £4k | £8.8k | £16.4k |
| Fixed assets | £2.4k | £1.8k | £4k |
| Current assets | £128k | £137k | £262k |
| Debtors | £1.3k | £0 | — |
| Deferred income | £1k | £1k | £1k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 1.8%
- Profit ÷ revenue.
- Gross margin
- 13.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £421k
- Revenue ÷ average employees.
- Profit per employee
- £7.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.2%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- ▲86%
- Now £16.4k
- Cash at bank
- ▲1468%
- Now £190k
- Headcount
- 0%
- Now 1
- Deferred income
- 0%
- Now £1k
- Fixed assets
- ▲120%
- Now £4k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £7.6k), from the Companies House accounts bulk data published Sep 2025. 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.