Multi Glazing Systems Limited

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multi glazing systems limited Company Information

Live

MatureSmallHigh

Company Number

02628441

Website

www.mgsuk.com

Registered Address

dormakaba wilbury way, hitchin, SG4 0AB

Industry

Wholesale of other intermediate products

Telephone

01384293141

Next Accounts Due

November 2024

Group Structure

View All

Directors

Paul Wright2 Years

Paul Lewis0 Years

Shareholders

dormakaba uk limited 100%

multi glazing systems limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of MULTI GLAZING SYSTEMS LIMITED at £1.3m based on a Turnover of £4.7m and 0.28x industry multiple (adjusted for size and gross margin).

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Multi Glazing Systems Limited is a live company located in hitchin, SG4 0AB with a Companies House number of 02628441. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in July 1991, it's largest shareholder is dormakaba uk limited with a 100% stake. Multi Glazing Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.7m with high growth in recent years.

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Pomanda's financial health check has awarded Multi Glazing Systems Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £4.7m, make it smaller than the average company (£16.5m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MULTI GLAZING SYSTEMS LIMITED group structure

Multi Glazing Systems Limited has no subsidiary companies.

Ultimate parent company

DORMAKABA HOLDING AG

#0099532

DORMAKABA UK LIMITED

01361508

2 parents

MULTI GLAZING SYSTEMS LIMITED

02628441

MULTI GLAZING SYSTEMS LIMITED Shareholders

dormakaba uk limited

100%

Multi Glazing Systems Limited currently has 2 directors. The longest serving directors include Mr Paul Wright (Feb 2022) and Mr Paul Lewis (Mar 2024).

officer	country	age	start	end	role
Mr Paul Wright	England	42 years	Feb 2022	-	Director
Mr Paul Lewis	England	52 years	Mar 2024	-	Director

EXPORT

Multi Glazing Systems Limited's latest turnover from February 2023 is estimated at £4.7 million and the company has net assets of £704.5 thousand. According to their latest financial statements, Multi Glazing Systems Limited has 18 employees and maintains cash reserves of £398.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Aug 2010	Aug 2009
Turnover	4,705,194	3,407,415	3,320,774	2,560,706	2,146,563	2,545,446	1,199,213	960,969	1,150,869	1,203,140	559,562	502,679	536,594	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,514,945	2,543,769	2,501,361	1,956,127	1,646,851	1,948,400	915,045	722,071	863,334	899,451	419,889	377,764	399,284	0
Gross Profit	1,190,250	863,647	819,414	604,580	499,712	597,047	284,168	238,898	287,535	303,688	139,673	124,915	137,310	0
Admin Expenses	1,086,822	584,603	502,769	637,454	562,915	512,821	261,655	234,716	287,435	303,032	147,135	229,992	162,775	40,847
Operating Profit	103,428	279,044	316,645	-32,874	-63,203	84,226	22,513	4,182	100	656	-7,462	-105,077	-25,465	-40,847
Interest Payable	0	1,596	3,553	2,275	0	0	0	0	0	0	0	0	0	0
Interest Receivable	23,440	3,026	338	901	28	17	0	0	103	110	10	0	0	0
Pre-Tax Profit	126,868	280,474	313,430	-34,247	-63,175	84,243	18,046	3,417	203	766	-7,452	-105,077	-25,465	-40,847
Tax	-24,105	-53,290	-59,552	0	0	-16,006	0	0	-43	-176	0	0	0	0
Profit After Tax	102,763	227,184	253,878	-34,247	-63,175	68,237	18,046	3,417	160	590	-7,452	-105,077	-25,465	-40,847
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	102,763	227,184	253,878	-34,247	-63,175	68,237	18,046	3,417	160	590	-7,452	-105,077	-25,465	-40,847
Employee Costs	807,333	910,923	823,400	614,483	592,334	577,316	287,699	194,988	150,112	145,541	70,272	70,189	66,218	0
Number Of Employees	18	21	20	15	15	15	15	3	4	4	2	2	2	0
EBITDA*	115,150	312,516	359,588	28,890	-18,461	114,088	51,966	11,759	5,949	1,560	-2,841	-84,316	-11,681	-27,189

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Aug 2010	Aug 2009
Tangible Assets	37,896	41,696	89,922	138,865	202,111	204,555	147,631	79,988	66,897	51,520	2,125	4,091	23,892	37,046
Intangible Assets	0	0	0	0	0	0	0	11,000	11,000	11,000	11,000	11,000	11,000	11,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	37,896	41,696	89,922	138,865	202,111	204,555	147,631	90,988	77,897	62,520	13,125	15,091	34,892	48,046
Stock & work in progress	269,637	269,634	91,166	80,758	97,181	90,978	56,329	63,722	102,000	126,259	98,464	71,045	80,648	98,629
Trade Debtors	747,413	305,846	496,509	411,583	204,574	342,559	269,839	233,562	219,126	203,744	106,642	104,140	78,472	80,895
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	34,338	28,775	24,380	24,380	61,000	122,500	0	0	0	0	0	0	0	0
Cash	398,527	773,473	436,964	239,149	1,243	6,223	506	34,894	897	40,171	3,980	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,449,915	1,377,728	1,049,019	755,870	363,998	562,260	326,674	332,178	322,023	370,174	209,086	175,185	159,120	179,524
total assets	1,487,811	1,419,424	1,138,941	894,735	566,109	766,815	474,305	423,166	399,920	432,694	222,211	190,276	194,012	227,570
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	617,855	436,039	356,960	166,749	281,005	386,359	274,929	232,763	272,336	302,305	83,720	80,333	162,004	201,534
Group/Directors Accounts	47,284	49,543	0	30,000	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	1,481	16,510	33,505	38,295	0	0	0	0	0	0	0	0	0	0
other current liabilities	109,761	307,046	219,940	225,143	0	0	0	0	0	0	0	0	0	0
total current liabilities	776,381	809,138	610,405	460,187	281,005	386,359	274,929	232,763	272,336	302,305	83,720	80,333	162,004	201,534
loans	0	0	49,105	67,393	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	1,169	29,890	71,506	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	92,994	205,092	160,300	192,477	79,634	88,665	114,263	117,228	125,920	114,920	98,220	66,783
provisions	6,967	7,417	12,037	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	6,967	8,586	184,026	343,991	160,300	192,477	79,634	88,665	114,263	117,228	125,920	114,920	98,220	66,783
total liabilities	783,348	817,724	794,431	804,178	441,305	578,836	354,563	321,428	386,599	419,533	209,640	195,253	260,224	268,317
net assets	704,463	601,700	344,510	90,557	124,804	187,979	119,742	101,738	13,321	13,161	12,571	-4,977	-66,212	-40,747
total shareholders funds	704,463	601,700	344,510	90,557	124,804	187,979	119,742	101,738	13,321	13,161	12,571	-4,977	-66,212	-40,747

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Aug 2010	Aug 2009
Operating Activities
Operating Profit	103,428	279,044	316,645	-32,874	-63,203	84,226	22,513	4,182	100	656	-7,462	-105,077	-25,465	-40,847
Depreciation	11,722	33,472	42,943	61,764	44,742	29,862	29,453	7,577	5,849	904	4,621	20,761	13,784	13,658
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-24,105	-53,290	-59,552	0	0	-16,006	0	0	-43	-176	0	0	0	0
Stock	3	178,468	10,408	-16,423	6,203	34,649	-7,393	-38,278	-24,259	27,795	27,419	71,045	-17,981	98,629
Debtors	447,130	-186,268	84,926	170,389	-199,485	195,220	36,277	14,436	15,382	97,102	2,502	104,140	-2,423	80,895
Creditors	181,816	79,079	190,211	-114,256	-105,354	111,430	42,166	-39,573	-29,969	218,585	3,387	80,333	-39,530	201,534
Accruals and Deferred Income	-197,285	87,106	-5,203	225,143	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-450	-4,620	12,037	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-372,007	428,591	401,747	-14,189	69,467	-20,357	65,248	-3,972	-15,186	95,072	-29,375	-179,168	-30,807	-5,179
Investing Activities
capital expenditure	-7,922	14,754	6,000	1,482	-42,298	-86,786	-86,096	-20,668	-21,226	-50,299	-2,655	-35,852	-630	-61,704
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-7,922	14,754	6,000	1,482	-42,298	-86,786	-86,096	-20,668	-21,226	-50,299	-2,655	-35,852	-630	-61,704
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-2,259	49,543	-30,000	30,000	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-49,105	-18,288	67,393	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-16,198	-45,716	-46,406	109,801	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-92,994	-112,098	44,792	-32,177	112,843	-9,031	-25,598	-2,965	-8,692	11,000	114,920	31,437	66,783
share issue	0	30,006	75	0	0	0	-42	85,000	0	0	25,000	100,100	0	100
interest	23,440	1,430	-3,215	-1,374	28	17	0	0	103	110	10	0	0	0
cash flow from financing	4,983	-106,836	-209,932	250,612	-32,149	112,860	-9,073	59,402	-2,862	-8,582	36,010	215,020	31,437	66,883
cash and cash equivalents
cash	-374,946	336,509	197,815	237,906	-4,980	5,717	-34,388	33,997	-39,274	36,191	3,980	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-374,946	336,509	197,815	237,906	-4,980	5,717	-34,388	33,997	-39,274	36,191	3,980	0	0	0

P&L

February 2023

turnover

4.7m

+38%

operating profit

103.4k

gross margin

25.3%

-0.2%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2023

net assets

704.5k

+0.17%

total assets

1.5m

+0.05%

cash

398.5k

-0.48%

net assets

Total assets minus all liabilities

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company number

02628441

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

incorporation date

July 1991

age

accounts

Small Company

ultimate parent company

DORMAKABA HOLDING AG

previous names

N/A

incorporated

address

dormakaba wilbury way, hitchin, SG4 0AB

last accounts submitted

February 2023

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