Mgm Ltd

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mgm ltd Company Information

Live

MatureMidHigh

Company Number

02682028

Website

http://www.mgmconstruction.co.uk

Registered Address

unit 333 dukesway court, team valley trading estate, gateshead, tyne and wear, NE11 0BH

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01914822100

Next Accounts Due

December 2024

Group Structure

View All

Directors

Steven Roberts11 Years

Thomas Hayes3 Years

View All

Shareholders

northern bear construction limited 100%

mgm ltd Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of MGM LTD at £6.9m based on Net Assets of £2.6m and 2.61x industry multiple (adjusted for liquidity).

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Mgm Ltd is a live company located in gateshead, NE11 0BH with a Companies House number of 02682028. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in January 1992, it's largest shareholder is northern bear construction limited with a 100% stake. Mgm Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £11.3m with high growth in recent years.

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Pomanda's financial health check has awarded Mgm Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

4 Regular

1 Weak

Size

annual sales of £11.3m, make it larger than the average company (£5.8m)

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (6.2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MGM LTD group structure

Mgm Ltd has no subsidiary companies.

Ultimate parent company

NORTHERN BEAR PLC

05780581

1 parent

MGM LTD

02682028

MGM LTD Shareholders

northern bear construction limited

100%

Mgm Ltd currently has 6 directors. The longest serving directors include Mr Steven Roberts (Oct 2012) and Mr Thomas Hayes (Jun 2020).

officer	country	age	start	end	role
Mr Steven Roberts	England	58 years	Oct 2012	-	Director
Mr Thomas Hayes	England	45 years	Jun 2020	-	Director
Mr Philip Burridge		63 years	Aug 2020	-	Director
Mr Ryan Gardiner		35 years	Sep 2022	-	Director
Mr John Davies	England	58 years	Jan 2024	-	Director
Mr Christopher Evans		41 years	Apr 2024	-	Director

EXPORT

Mgm Ltd's latest turnover from March 2023 is £11.3 million and the company has net assets of £2.6 million. According to their latest financial statements, Mgm Ltd has 63 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	11,322,618	9,801,659	5,588,316	5,359,940	6,616,608	6,902,343	5,587,244	4,013,840	4,508,381	5,222,440	6,526,844	7,125,817	5,794,646	5,854,691
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,152,780	7,971,894	4,470,123	4,406,809	5,572,879	5,854,149	4,669,300	3,178,074	3,559,256	4,208,913	6,235,585	6,099,073	4,536,277	4,937,066
Gross Profit	2,169,838	1,829,765	1,118,193	953,131	1,043,729	1,048,194	917,944	835,766	949,125	1,013,527	291,259	1,026,744	1,258,369	917,625
Admin Expenses	1,492,998	1,046,112	549,829	859,285	777,775	831,874	728,775	722,168	822,747	839,008	912,893	929,138	919,930	749,619
Operating Profit	676,840	783,653	568,364	93,846	265,954	216,320	189,169	113,598	126,378	174,519	-621,634	97,606	338,439	168,006
Interest Payable	0	0	0	0	0	16,211	6,007	0	0	1,531	1,436	1,078	1,018	1,248
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	627,744	637,140	430,136	95,075	267,743	200,109	183,162	113,598	126,378	172,988	-623,070	96,528	337,421	166,758
Tax	-22,769	6,930	30,779	-18,759	-49,472	-29,934	-30,352	-23,611	-26,784	-4,131	-3,334	1,557	-39,121	7,847
Profit After Tax	604,975	644,070	460,915	76,316	218,271	170,175	152,810	89,987	99,594	168,857	-626,404	98,085	298,300	174,605
Dividends Paid	0	0	100,000	0	0	0	0	0	0	950,000	0	0	500,000	0
Retained Profit	604,975	644,070	360,915	76,316	218,271	170,175	152,810	89,987	99,594	-781,143	-626,404	98,085	-201,700	174,605
Employee Costs	2,299,708	1,832,851	1,580,940	1,547,429	1,646,696	2,522,318	2,161,597	1,123,152	1,128,759	1,247,342	1,322,825	1,551,885	1,634,268	1,625,246
Number Of Employees	63	56	51	57	61	62	54	45	44	50	56	68	67	72
EBITDA*	691,385	793,580	575,634	101,659	276,082	228,813	197,561	123,515	138,828	191,477	-597,134	127,600	369,687	207,709

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	63,886	52,396	28,397	38,271	44,177	60,037	42,840	45,642	54,951	63,456	85,840	109,325	129,482	130,230
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	44,045	45,711	22,658	0	0	0	0	0	1,127,771	1,890,447	1,551,121	1,079,567	1,347,599
Total Fixed Assets	63,886	96,441	74,108	60,929	44,177	60,037	42,840	45,642	54,951	1,191,227	1,976,287	1,660,446	1,209,049	1,477,829
Stock & work in progress	2,615	3,279	2,951	1,884	1,461	1,461	3,610	2,405	1,873	17,860	19,216	19,216	20,686	14,271
Trade Debtors	1,077,209	1,221,620	472,516	506,083	505,816	490,815	835,646	763,827	731,054	846,358	1,661,729	1,385,364	1,325,291	1,180,164
Group Debtors	2,286,141	1,690,309	1,147,024	2,029,352	1,737,582	1,403,061	1,409,036	1,430,586	1,291,879	0	0	63,787	0	0
Misc Debtors	388,092	230,537	253,964	33,655	90,440	391,982	36,869	31,166	23,842	118,498	48,198	24,536	26,281	27,371
Cash	1,319,294	1,976,854	1,088,435	246,210	496,332	441,363	139,156	777	378	772	877	16,403	116,570	6,043
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,073,351	5,122,599	2,964,890	2,817,184	2,831,631	2,728,682	2,424,317	2,228,761	2,049,026	983,488	1,730,020	1,509,306	1,488,828	1,227,849
total assets	5,137,237	5,219,040	3,038,998	2,878,113	2,875,808	2,788,719	2,467,157	2,274,403	2,103,977	2,174,715	3,706,307	3,169,752	2,697,877	2,705,678
Bank overdraft	0	0	0	0	0	0	0	910,042	891,174	889,869	720,269	270,309	0	33,978
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,041,623	1,729,302	600,633	522,268	689,911	709,980	716,570	538,564	575,417	766,165	1,624,907	1,127,320	890,014	645,792
Group/Directors Accounts	280,464	280,464	270,767	963,974	882,544	871,185	906,980	45,483	26,022	0	0	1,440	0	41,526
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	782	5,167	7,000	6,016	5,751
other current liabilities	1,174,645	1,174,107	782,970	366,433	354,007	475,934	285,533	375,050	296,086	295,273	356,848	134,702	267,844	244,826
total current liabilities	2,496,732	3,183,873	1,654,370	1,852,675	1,926,462	2,057,099	1,909,083	1,869,139	1,788,699	1,952,089	2,707,191	1,540,771	1,163,874	971,873
loans	0	0	0	0	0	0	0	0	0	6,560	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	584	5,750	7,500	1,349
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	7,709	7,346	877	2,602	2,826	3,371	0	0	0	382	1,705	0	1,357	5,610
total long term liabilities	7,709	7,346	877	2,602	2,826	3,371	0	0	0	6,942	2,289	5,750	8,857	6,959
total liabilities	2,504,441	3,191,219	1,655,247	1,855,277	1,929,288	2,060,470	1,909,083	1,869,139	1,788,699	1,959,031	2,709,480	1,546,521	1,172,731	978,832
net assets	2,632,796	2,027,821	1,383,751	1,022,836	946,520	728,249	558,074	405,264	315,278	215,684	996,827	1,623,231	1,525,146	1,726,846
total shareholders funds	2,632,796	2,027,821	1,383,751	1,022,836	946,520	728,249	558,074	405,264	315,278	215,684	996,827	1,623,231	1,525,146	1,726,846

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	676,840	783,653	568,364	93,846	265,954	216,320	189,169	113,598	126,378	174,519	-621,634	97,606	338,439	168,006
Depreciation	14,545	9,927	7,270	7,813	10,128	12,493	8,392	9,917	12,450	16,958	24,500	29,994	31,248	39,703
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-22,769	6,930	30,779	-18,759	-49,472	-29,934	-30,352	-23,611	-26,784	-4,131	-3,334	1,557	-39,121	7,847
Stock	-664	328	1,067	423	0	-2,149	1,205	532	-15,987	-1,356	0	-1,470	6,415	14,271
Debtors	564,931	1,267,296	-672,533	257,910	47,980	4,307	55,972	178,804	-45,852	-1,507,747	575,566	593,669	-123,995	2,555,134
Creditors	-687,679	1,128,669	78,365	-167,643	-20,069	-6,590	178,006	-36,853	-190,748	-858,742	497,587	237,306	244,222	645,792
Accruals and Deferred Income	538	391,137	416,537	12,426	-121,927	190,401	-89,517	78,964	813	-61,575	222,146	-133,142	23,018	244,826
Deferred Taxes & Provisions	363	6,469	-1,725	-224	-545	3,371	0	0	-382	-1,323	1,705	-1,357	-4,253	5,610
Cash flow from operations	-582,429	1,059,161	1,771,056	-330,874	36,089	383,903	198,521	-37,321	-16,434	774,809	-454,596	-360,235	711,133	-1,457,621
Investing Activities
capital expenditure	-26,035	-33,926	2,604	-1,907	5,732	-29,690	-5,590	-608	-3,945	5,426	-1,015	-9,837	-30,500	-169,933
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-26,035	-33,926	2,604	-1,907	5,732	-29,690	-5,590	-608	-3,945	5,426	-1,015	-9,837	-30,500	-169,933
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	9,697	-693,207	81,430	11,359	-35,795	861,497	19,461	26,022	0	-1,440	1,440	-41,526	41,526
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-6,560	6,560	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	-782	-4,969	-6,999	-766	6,416	7,100
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-1	0	0	0	0	0	1,552,241
interest	0	0	0	0	0	-16,211	-6,007	0	0	-1,531	-1,436	-1,078	-1,018	-1,248
cash flow from financing	0	9,697	-693,207	81,430	11,359	-52,006	855,490	19,460	18,680	60	-9,875	-404	-36,128	1,599,619
cash and cash equivalents
cash	-657,560	888,419	842,225	-250,122	54,969	302,207	138,379	399	-394	-105	-15,526	-100,167	110,527	6,043
overdraft	0	0	0	0	0	0	-910,042	18,868	1,305	169,600	449,960	270,309	-33,978	33,978
change in cash	-657,560	888,419	842,225	-250,122	54,969	302,207	1,048,421	-18,469	-1,699	-169,705	-465,486	-370,476	144,505	-27,935

P&L

March 2023

turnover

11.3m

+16%

operating profit

676.8k

gross margin

19.2%

+2.66%

turnover

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

Balance Sheet

March 2023

net assets

2.6m

+0.3%

total assets

5.1m

-0.02%

cash

1.3m

-0.33%

net assets

Total assets minus all liabilities

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company number

02682028

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

January 1992

age

accounts

Full Accounts

ultimate parent company

NORTHERN BEAR PLC

previous names

m g m preservation limited (July 1999)

chancebasis limited (March 1992)

incorporated

address

unit 333 dukesway court, team valley trading estate, gateshead, tyne and wear, NE11 0BH

last accounts submitted

March 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 9 charges/mortgages relating to mgm ltd. Currently there are 3 open charges and 6 have been satisfied in the past.

mgm ltd Company Information

mgm ltd Estimated Valuation

mgm ltd Estimated Valuation

mgm ltd Estimated Valuation

Mgm Ltd AI Business Plan

Mgm Ltd Overview

Mgm Ltd Health Check

mgm ltd Credit Report and Business Information

Mgm Ltd Competitor Analysis

mgm ltd Ownership

mgm ltd directors

MGM LTD financials

mgm ltd company details

mgm ltd Charges & Mortgages

mgm ltd Companies House Filings - See Documents