Magma celebrates 10-year anniversary as turnover hits £6.5m

Magma accountants is celebrating its 10-year anniversary in a year which has seen its turnover hit £6.5m.

Since the firm’s inception in 2011 it has seen its practice grow from 23 members of staff to over a 100. It has also expanded its presence to three offices across the UK in Ruby, Milton Keynes and Leicester.

The firm works with owner managed businesses and specialises in privately owned businesses in the £2m – £50m turnover range.

Mark Tuckwell, managing partner at Magma, said: “The last 10 years have truly flown by, but what Magma has achieved during this period is very pleasing to look back on.

“Progression and development of our people underpins everything – we’ve seen numerous graduates or school leavers joining us as trainees and progressing to senior managerial positions, service divisions established and flourishing into key components of the business, and our team growing to over 100 talented individuals – and counting.”

He added: “Magma’s future is very exciting and I’m eager to see what the business, and the nevermore talented team within it, will go on to achieve in the next 10 years and beyond.”