Pomanda estimates the enterprise value of M.G INSURANCE CONSULTANTS LIMITED at £1.4m based on a Turnover of £1.5m and 0.91x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of M.G INSURANCE CONSULTANTS LIMITED at £1.9m based on an EBITDA of £387k and a 4.93x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of M.G INSURANCE CONSULTANTS LIMITED at £953.5k based on Net Assets of £492.8k and 1.94x industry multiple (adjusted for liquidity).
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M.g Insurance Consultants LimitedOverview
M.g Insurance Consultants Limited is a live company located in stalybridge, SK15 2LF with a Companies House number of 03315805. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in February 1997, it's largest shareholder is
mgic holdings ltd
with a 100% stake. M.g Insurance Consultants Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.5m with
declining
growth in recent years.
Pomanda's financial health check has awarded M.G Insurance Consultants Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
3 Regular
5 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£3m)
£1.5m - M.g Insurance Consultants Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (6.9%)
-10% - M.g Insurance Consultants Limited
6.9% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (95.3%)
100% - M.g Insurance Consultants Limited
95.3% - Industry AVG
Profitability
an operating margin of 23.2% make it more profitable than the average company (19.2%)
23.2% - M.g Insurance Consultants Limited
19.2% - Industry AVG
Employees
with 19 employees, this is similar to the industry average (19)
19 - M.g Insurance Consultants Limited
19 - Industry AVG
Pay Structure
on an average salary of £52.9k, the company has an equivalent pay structure (£52.9k)
£52.9k - M.g Insurance Consultants Limited
£52.9k - Industry AVG
Efficiency
resulting in sales per employee of £79.5k, this is less efficient (£125.8k)
£79.5k - M.g Insurance Consultants Limited
£125.8k - Industry AVG
Debtor Days
it gets paid by customers after 111 days, this is later than average (73 days)
111 days - M.g Insurance Consultants Limited
73 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - M.g Insurance Consultants Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - M.g Insurance Consultants Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 45 weeks, this is more cash available to meet short term requirements (33 weeks)
45 weeks - M.g Insurance Consultants Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.9%, this is a higher level of debt than the average (58.3%)
77.9% - M.g Insurance Consultants Limited
58.3% - Industry AVG
M.G INSURANCE CONSULTANTS LIMITED financials
EXPORT
M.G Insurance Consultants Limited's latest turnover from December 2023 is £1.5 million and the company has net assets of £492.8 thousand. According to their latest financial statements, M.G Insurance Consultants Limited has 19 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Turnover
1,510,170
1,533,075
2,349,935
2,090,357
2,032,744
1,701,956
1,762,125
1,929,426
1,802,075
2,223,491
2,475,555
1,174,338
781,584
558,985
Other Income Or Grants
Cost Of Sales
284,803
241,100
295,613
199,033
226,386
252,324
402,932
562,559
784,904
397,451
211,790
136,755
Gross Profit
1,510,170
1,533,075
2,065,132
1,849,257
1,737,131
1,502,923
1,535,739
1,677,103
1,399,143
1,660,932
1,690,652
776,887
569,794
422,231
Admin Expenses
1,160,550
1,285,113
1,822,631
1,816,857
1,670,391
1,349,592
1,401,436
1,696,217
1,315,007
1,377,021
1,377,559
405,939
399,962
430,498
-462,533
Operating Profit
349,620
247,962
242,501
32,400
66,740
153,331
134,303
-19,114
84,136
283,911
313,093
370,948
169,832
-8,267
462,533
Interest Payable
Interest Receivable
8,464
3,619
1,428
1,125
6,860
5,885
1,534
1,272
3,103
3,797
3,550
3,201
2,728
1,985
949
Pre-Tax Profit
358,084
251,581
243,930
33,525
73,600
159,216
135,837
-17,842
87,239
287,708
316,643
374,149
172,559
-6,282
463,482
Tax
-85,884
-21,886
-46,347
-6,370
-13,984
-30,251
-25,809
-17,448
-60,419
-72,828
-89,796
-44,865
-129,775
Profit After Tax
272,200
229,695
197,583
27,155
59,616
128,965
110,028
-17,842
69,791
227,289
243,815
284,353
127,694
-6,282
333,707
Dividends Paid
1,795,000
Retained Profit
-1,522,800
229,695
197,583
27,155
59,616
128,965
110,028
-17,842
69,791
227,289
243,815
284,353
127,694
-6,282
333,707
Employee Costs
1,005,336
746,116
845,195
775,506
745,514
702,931
741,223
898,596
857,073
1,026,616
1,213,963
553,466
390,940
272,706
Number Of Employees
19
15
17
16
16
16
17
21
20
25
30
14
10
7
EBITDA*
386,953
266,640
255,162
43,750
76,786
164,797
146,948
-3,071
99,376
301,422
320,963
376,510
181,024
-1,082
475,943
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Tangible Assets
116,667
34,272
39,774
37,450
38,250
42,913
46,209
49,444
63,948
60,396
21,863
27,658
269,962
272,019
263,896
Intangible Assets
71,666
62,245
Investments & Other
Debtors (Due After 1 year)
736,990
870,578
944,173
992,365
1,040,359
1,090,055
996,575
775,845
524,644
Total Fixed Assets
188,333
96,517
39,774
774,440
908,828
987,086
1,038,574
1,089,803
1,154,003
1,056,971
797,708
552,302
269,962
272,019
263,896
Stock & work in progress
Trade Debtors
460,913
345,969
723,801
549,064
492,628
438,340
447,346
455,996
421,913
569,794
675,380
323,928
204,341
141,395
143,211
Group Debtors
5,728
1,549,798
688,393
Misc Debtors
92,708
84,055
64,976
74,213
76,765
50,681
60,140
55,186
46,302
Cash
1,478,542
774,982
1,615,137
1,241,469
1,007,749
821,506
747,799
479,349
538,582
702,702
816,128
603,750
676,569
414,522
379,500
misc current assets
total current assets
2,037,891
2,754,804
3,092,307
1,864,746
1,577,142
1,310,527
1,255,285
990,531
1,006,797
1,272,496
1,491,508
927,678
880,910
555,917
522,711
total assets
2,226,224
2,851,321
3,132,081
2,639,186
2,485,970
2,297,613
2,293,859
2,080,334
2,160,800
2,329,467
2,289,216
1,479,980
1,150,872
827,936
786,607
Bank overdraft
Bank loan
Trade Creditors
1,429,143
661,852
1,150,863
869,089
734,093
658,916
686,133
681,749
680,459
1,113,255
1,301,029
735,479
564,566
372,590
334,601
Group/Directors Accounts
9,730
other short term finances
hp & lease commitments
other current liabilities
250,311
152,809
190,131
177,216
186,199
133,664
231,171
131,701
192,572
total current liabilities
1,689,184
814,661
1,340,994
1,046,305
920,292
792,580
917,304
813,450
873,031
1,113,255
1,301,029
735,479
564,566
372,590
334,601
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
4,208
provisions
44,271
21,091
5,213
4,590
4,542
3,513
4,000
4,357
7,400
5,634
4,898
5,027
2,430
2,422
3,242
total long term liabilities
44,271
21,091
5,213
4,590
4,542
3,513
4,000
4,357
7,400
5,634
4,898
5,027
2,430
2,422
7,450
total liabilities
1,733,455
835,752
1,346,207
1,050,895
924,834
796,093
921,304
817,807
880,431
1,118,889
1,305,927
740,506
566,996
375,012
342,051
net assets
492,769
2,015,569
1,785,874
1,588,291
1,561,136
1,501,520
1,372,555
1,262,527
1,280,369
1,210,578
983,289
739,474
583,876
452,924
444,556
total shareholders funds
492,769
2,015,569
1,785,874
1,588,291
1,561,136
1,501,520
1,372,555
1,262,527
1,280,369
1,210,578
983,289
739,474
583,876
452,924
444,556
Dec 2023
Dec 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Operating Activities
Operating Profit
349,620
247,962
242,501
32,400
66,740
153,331
134,303
-19,114
84,136
283,911
313,093
370,948
169,832
-8,267
462,533
Depreciation
16,118
14,312
12,661
11,350
10,046
11,466
12,645
16,043
15,240
17,511
7,870
5,562
11,192
7,185
13,410
Amortisation
21,215
4,366
Tax
-85,884
-21,886
-46,347
-6,370
-13,984
-30,251
-25,809
-17,448
-60,419
-72,828
-89,796
-44,865
-129,775
Stock
Debtors
-1,420,473
502,652
116,903
-79,704
6,777
-66,657
-51,690
-6,729
-8,099
115,144
602,653
644,231
62,946
-1,816
143,211
Creditors
767,291
-489,011
281,774
134,996
75,177
-27,217
4,384
1,290
-432,796
-187,774
565,550
170,913
191,976
37,989
334,601
Accruals and Deferred Income
97,502
-37,322
12,915
-8,983
52,535
-97,507
99,470
-60,871
192,572
Deferred Taxes & Provisions
23,180
15,878
623
48
1,029
-487
-357
-3,043
1,766
736
-129
2,597
8
-820
3,242
Cash flow from operations
2,609,515
-768,353
387,224
243,145
184,766
75,992
276,326
-58,966
-148,431
-61,179
210,903
-184,007
265,197
37,903
540,800
Investing Activities
capital expenditure
-129,149
-75,421
-14,985
-10,550
-5,383
-8,170
-9,410
-1,539
-18,792
-56,044
-2,075
236,742
-9,135
-15,308
-277,306
Change in Investments
cash flow from investments
-129,149
-75,421
-14,985
-10,550
-5,383
-8,170
-9,410
-1,539
-18,792
-56,044
-2,075
236,742
-9,135
-15,308
-277,306
Financing Activities
Bank loans
Group/Directors Accounts
9,730
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-4,208
4,208
share issue
-128,755
3,258
14,650
110,849
interest
8,464
3,619
1,428
1,125
6,860
5,885
1,534
1,272
3,103
3,797
3,550
3,201
2,728
1,985
949
cash flow from financing
18,194
3,619
1,428
1,125
6,860
5,885
1,534
1,272
3,103
3,797
3,550
-125,554
5,986
12,427
116,006
cash and cash equivalents
cash
703,560
-840,155
373,668
233,720
186,243
73,707
268,450
-59,233
-164,120
-113,426
212,378
-72,819
262,047
35,022
379,500
overdraft
change in cash
703,560
-840,155
373,668
233,720
186,243
73,707
268,450
-59,233
-164,120
-113,426
212,378
-72,819
262,047
35,022
379,500
m.g insurance consultants limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for m.g insurance consultants limited. Get real-time insights into m.g insurance consultants limited's credit score, group structure and payment trends.
Perform a competitor analysis for m.g insurance consultants limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SK15 area or any other competitors across 12 key performance metrics.
m.g insurance consultants limited Ownership
M.G INSURANCE CONSULTANTS LIMITED group structure
M.G Insurance Consultants Limited has no subsidiary companies.
The sole shareholder of M.G Insurance Consultants Limited is Mgic Holdings Ltd.
mgic holdings ltd
100%
m.g insurance consultants limited directors
M.G Insurance Consultants Limited currently has 5 directors.
The longest serving directors include
Mr John Page (May 2022) and
Mr Simon Bland (May 2022).
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 2 charges/mortgages relating to m.g insurance consultants limited. Currently there are 0 open charges and 2 have been satisfied in the past.
m.g insurance consultants limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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m.g insurance consultants limitedCompanies House Filings - See Documents
