Magroup Limited
The principal activity of the group continued to be that of the management of building insurance claims on behalf of insurance companies and other related building and repairs work. The group also develop and provide software systems. These accounts consolidate the financial statements of MAGroup Limited, MAAssist Limited, Cipher UK Property Limited , New Homes Customer Care Limited, Virtus Validations Limited, Innoflex Systems Limited, Revival Group Limited, REPC Solutions Ltd, The Revival Company (UK) Ltd, Revival Commercial Limited, The Revival Company (Oxford) Limited, The Revival Company (Gloucester) Ltd, Revival Blue Limited, from 12 September 2023 MAG Home Claims Services Limited and from 28 October 2024 The Cosmetic Repair Company (Northern) Limited.
Revenue
£16.1m
▲ +17.7% vs prior ~12m period
Profit after tax
£100k
Margin 2.2%
Employees
21
– 0.0% vs prior ~12m period
Net assets
£1.4m
Total assets £4.6m
Financial history
Revenue by accounting period
6 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2024 | — | — | £1.1m | 21 | £1.4m |
| 31 Dec 2023 | — | — | £2.1m | 21 | £1.8m |
| 31 Dec 2022 | — | — | £911k | 21 | £945k |
| 31 Dec 2021 | £16.1m | ▲ +17.7% | £148k | 20 | £658k |
| 31 Dec 2020 | £13.7m | — | £1.3m | 16 | £1.0m |
| 31 Dec 2019 | — | — | — | — | — |
Latest available figures
Period ending 31 Dec 2021. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
Profit & loss
- Revenue
- £16.1m
- Gross profit
- £5.1m
- Operating profit
- £349k
- Profit before tax
- £148k
- Profit after tax
- £100k
Balance sheet
- Total assets
- £4.6m
- Cash
- £4.0m
- Total liabilities
- £3.2m
- Net assets
- £1.4m
- Revenue per employee
- Not available
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