Magic Life Limited
08285062
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/11/2012
DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 13 other boards
director · Since 07/11/2012
DIRECTOR
BRITISH · UNITED KINGDOM · Age 62
Also on 51 other boards
Persons with Significant Control
Mr Simon John Oliver
British · United Kingdom · Age 62
Magic House 5-11, Green Lanes, London, N13 4TN
Notified 06/04/2016
Hartsfield Investments Uk Limited
Magic House, 5-11 Green Lanes, London, N13 4TN
Notified 23/11/2020
Former PSCs
Ms Miriam Petch
Ceased 21/03/2017
Mr Christofis Michael
Ceased 23/11/2020
Mr Kudakwashe Chiweda
Ceased 23/06/2017
Charges1 outstanding
THE ROYAL BANK OF SCOTLAND PLC
MAGIC HOMES LIMITED
THE ROYAL BANK OF SCOTLAND PLC (AS LENDER)
CompanyRankvs 590+ SIC 87200 peers69
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t
Key FinancialsYear ending 30/11/2024
Turnover
£16.5M
Annual revenue
Net Worth
£3.9M
Balance sheet strength
Cash
£183k
Cash in the bank
Profit Before Tax
£1.0M
Bottom line earnings
Net Current Assets
£3.6M
Working capital
Current Assets
£6.6M
Current Liabilities
£3.0M
Fixed Assets
£1.6M
Debtors
£6.4M
Cost of Sales
£12.2M
Gross Profit
£4.2M
Admin Expenses
£3.1M
Operating Profit
£1.1M
Profit After Tax
£668k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.20 | +£0 |
| 2024 | 2.20 | +£668k |
| 2023 | 2.67 | +£3.1M |
| 2019 | 0.37 | -£13k |
| 2018 | 1.98 | — |
Derived from filed accounts. Not audited figures.