THE MAGIC BEAN CO. LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-02-15 (in 9mo)
Last made up 2026-02-01
Watchouts
None on the register
Cash
£964K
+10.2% vs 2023
Net assets
£3M
-17.7% vs 2023
Employees
590
+25% vs 2023
Profit before tax
-£306K
-125.1% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-09-30
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £24,594,807 | £31,668,799 | |
| Operating profit | — | — | — | — | £1,708,525 | £470,958 | |
| Profit before tax | — | — | — | — | £1,218,065 | -£305,942 | |
| Net profit | — | — | — | — | £475,163 | -£305,942 | |
| Cash | — | — | — | — | £875,240 | £964,457 | |
| Total assets less current liabilities | — | — | — | — | £12,188,281 | £14,860,584 | |
| Net assets | — | — | — | — | £3,421,138 | £2,815,196 | |
| Equity | -£392,796 | — | — | — | £3,421,138 | £2,815,196 | |
| Average employees | — | — | — | — | 472 | 590 | |
| Wages | — | — | — | — | £5,363,575 | £7,141,768 | |
| Directors' remuneration | — | — | — | — | £136,809 | £56,708 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
+28.8%
£24,594,807 £31,668,799
-
Cash
+10.2%
£875,240 £964,457
-
Net assets
-17.7%
£3,421,138 £2,815,196
-
Employees
+25%
472 590
-
Operating profit
-72.4%
£1,708,525 £470,958
-
Profit before tax
-125.1%
£1,218,065 -£305,942
-
Wages
+33.2%
£5,363,575 £7,141,768
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 6.9% | 1.5% | |
| Net margin | — | — | — | — | 1.9% | -1.0% | |
| Return on capital employed | — | — | — | — | 14.0% | 3.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | 81.0% | 86.1% | |
| Current ratio | — | — | — | — | 0.48x | 0.58x | |
| Interest cover | — | — | — | — | 3.48x | 0.61x |
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
- WBV Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, 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 financial statements are authorised for issue.”
Group structure
- THE MAGIC BEAN CO. LIMITED · parent
- Purely Coffee Company Limited 100%
Significant events
- “During the year under review the company has continued building on the successes of the prior year, acquiring sites, and opening new stores, despite the continuing challenges posed by inflation, the cost-of-living crisis and the Gaza conflict.”
- “While the underlying business has adjusted to a 'post-covid norm', it remains profitable and cash generative; there was a slight downturn in sales volumes during this period which was due to a combination of customers being more cautious with their spend and some sites saw politically motivated boycotts follow ng the Gaza conflict, which has been seen across multiple geographic markets.”
- “The company started the financial year with 38 trading sites, comprising 18 Drive thru and 20 Core (Café) sites and has since made further significant capex investments on 4 new sites opened and 2 acquired sites during the year. There were 4 loss-making sites closed during the year, 2 of which related to sites with leases that expired and not renewed, with the business focussing more on higher volume drive thru sites going forward.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ESFAHANI, Leon Reza | Director | 2013-02-01 | Oct 1981 | British |
| REED, Martin Stuart | Director | 2020-12-01 | Aug 1960 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| STAPLETON, Graham Barry | Director | 2021-01-21 | 2022-07-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Leon Reza Esfahani | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-30 | Active |
Filing timeline
Last 20 of 46 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-09 | CH01 | officers | Change person director company with change date | |
| 2025-12-12 | CH01 | officers | Change person director company with change date | |
| 2025-06-30 | AA | accounts | Accounts with accounts type full | |
| 2025-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-06 | AA | accounts | Accounts with accounts type full | |
| 2023-02-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-30 | SH03 | capital | Capital return purchase own shares | |
| 2022-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-20 | SH06 | capital | Capital cancellation shares | |
| 2022-05-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-02-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-22 | AA | accounts | Accounts with accounts type full | |
| 2021-05-21 | CH01 | officers | Change person director company with change date | |
| 2021-05-10 | AA | accounts | Accounts with accounts type small | |
| 2021-04-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-02-04 | SH02 | capital | Capital alter shares subdivision |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.