MAGIC LIFE LIMITED
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Next accounts due
2026-08-29 (in 3mo)
Last filed for 2024-11-30
Confirmation statement due
2026-11-19 (in 6mo)
Last made up 2025-11-05
Watchouts
None on the register
Cash
£183K
-14.5% vs 2023
Net assets
£4M
+20.6% vs 2023
Employees
424
+16.8% vs 2023
Profit before tax
£1M
-31.4% vs 2023
Name history
Renamed 1 time since incorporation
- MAGIC LIFE LIMITED 2018-08-07 → present
- MAGIC CARE SOLUTIONS LIMITED 2012-11-07 → 2018-08-07
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · latest reflected 2024-11-30
| Metric | Trend | 2022-11-30 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|
| Turnover | — | £12,959,402 | £16,454,288 | |
| Operating profit | — | £1,527,785 | £1,070,839 | |
| Profit before tax | — | £1,458,778 | £1,001,362 | |
| Net profit | — | £1,083,603 | £668,188 | |
| Cash | — | £214,380 | £183,203 | |
| Total assets less current liabilities | — | £4,854,054 | £5,153,550 | |
| Net assets | — | £3,243,134 | £3,911,322 | |
| Equity | £2,159,531 | £3,243,134 | £3,911,322 | |
| Average employees | — | 363 | 424 | |
| Wages | — | £7,033,811 | £10,180,822 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-11-30 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|
| Operating margin | — | 11.8% | 6.5% | |
| Net margin | — | 8.4% | 4.1% | |
| Return on capital employed | — | 31.5% | 20.8% | |
| Interest cover | — | 22.14x | 15.41x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “The key business risks and uncertainties affecting the company are considered to relate to the continue provision of adequate government funding and the ongoing compliance with current and future legislation affecting the sector.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MICHAEL, Mario | Director | 2012-11-07 | Nov 1967 | British |
| OLIVER, Simon John | Director | 2012-11-07 | Sep 1963 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHIWEDA, Kudakwashe | Director | 2015-03-21 | 2017-06-23 |
| PETCH, Miriam | Director | 2012-11-07 | 2015-03-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hartsfield Investments Uk Limited | Corporate entity | Shares 25–50% | 2020-11-23 | Active |
| Mr Kudakwashe Chiweda | Individual | Shares 25–50% | 2017-03-21 | Ceased 2017-06-23 |
| Mr Christofis Michael | Individual | Shares 25–50% | 2016-04-06 | Ceased 2020-11-23 |
| Ms Miriam Petch | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-03-21 |
| Mr Simon John Oliver | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | AA | accounts | Accounts with accounts type full | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-28 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-11-27 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-08 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-11-22 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-11-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-09-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-11-19 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-06 | CH01 | officers | Change person director company with change date | |
| 2020-11-06 | CH01 | officers | Change person director company with change date | |
| 2020-11-06 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2020-11-06 | PSC04 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-11-30 vs 2023-11-30
-
Turnover
+27%
£12,959,402 £16,454,288
-
Cash
-14.5%
£214,380 £183,203
-
Net assets
+20.6%
£3,243,134 £3,911,322
-
Employees
+16.8%
363 424
-
Operating profit
-29.9%
£1,527,785 £1,070,839
-
Profit before tax
-31.4%
£1,458,778 £1,001,362
-
Wages
+44.7%
£7,033,811 £10,180,822
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers