m & g olympic products limited
m & g olympic products limited Company Information
Company Number
03589140
Website
www.mgolympic.co.ukRegistered Address
no 1 whitehall riverside, whitehall road, leeds, LS1 4BN
Industry
Manufacture of metal structures and parts of structures
Manufacture of other fabricated metal products n.e.c.
Telephone
01142758410
Next Accounts Due
898 days late
Group Structure
View All
Directors
Neil Clayton3 Years
Shareholders
neville anthony taylor 100%
m & g olympic products limited Estimated Valuation
Pomanda estimates the enterprise value of M & G OLYMPIC PRODUCTS LIMITED at £1.2m based on a Turnover of £2.4m and 0.52x industry multiple (adjusted for size and gross margin).
m & g olympic products limited Estimated Valuation
Pomanda estimates the enterprise value of M & G OLYMPIC PRODUCTS LIMITED at £0 based on an EBITDA of £-484k and a 3.89x industry multiple (adjusted for size and gross margin).
m & g olympic products limited Estimated Valuation
Pomanda estimates the enterprise value of M & G OLYMPIC PRODUCTS LIMITED at £152.7k based on Net Assets of £71k and 2.15x industry multiple (adjusted for liquidity).
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M & G Olympic Products Limited Overview
M & G Olympic Products Limited is a live company located in leeds, LS1 4BN with a Companies House number of 03589140. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in June 1998, it's largest shareholder is neville anthony taylor with a 100% stake. M & G Olympic Products Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.
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M & G Olympic Products Limited Health Check
Pomanda's financial health check has awarded M & G Olympic Products Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
9 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£10.5m)
£2.4m - M & G Olympic Products Limited
£10.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.6%)
- M & G Olympic Products Limited
4.6% - Industry AVG
Production
with a gross margin of 20.7%, this company has a higher cost of product (27.2%)
20.7% - M & G Olympic Products Limited
27.2% - Industry AVG
Profitability
an operating margin of -21.7% make it less profitable than the average company (4.4%)
-21.7% - M & G Olympic Products Limited
4.4% - Industry AVG
Employees
with 47 employees, this is below the industry average (77)
47 - M & G Olympic Products Limited
77 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£36.5k)
£35.9k - M & G Olympic Products Limited
£36.5k - Industry AVG
Efficiency
resulting in sales per employee of £50.1k, this is less efficient (£130.7k)
£50.1k - M & G Olympic Products Limited
£130.7k - Industry AVG
Debtor Days
it gets paid by customers after 106 days, this is later than average (66 days)
106 days - M & G Olympic Products Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (49 days)
66 days - M & G Olympic Products Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 52 days, this is in line with average (48 days)
52 days - M & G Olympic Products Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - M & G Olympic Products Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96%, this is a higher level of debt than the average (52.2%)
96% - M & G Olympic Products Limited
52.2% - Industry AVG
M & G OLYMPIC PRODUCTS LIMITED financials
M & G Olympic Products Limited's latest turnover from March 2020 is £2.4 million and the company has net assets of £71 thousand. According to their latest financial statements, M & G Olympic Products Limited has 47 employees and maintains cash reserves of £39 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,355,000 | 3,688 | |||||||||
| Other Income Or Grants | 0 | 0 | |||||||||
| Cost Of Sales | 1,868,000 | 2,659 | |||||||||
| Gross Profit | 487,000 | 1,029 | |||||||||
| Admin Expenses | 999,000 | 1,011 | |||||||||
| Operating Profit | -512,000 | 18 | |||||||||
| Interest Payable | 19,000 | 13 | |||||||||
| Interest Receivable | 0 | 0 | |||||||||
| Pre-Tax Profit | -531,000 | -31 | |||||||||
| Tax | 0 | 3 | |||||||||
| Profit After Tax | -531,000 | -28 | |||||||||
| Dividends Paid | 0 | 33 | |||||||||
| Retained Profit | -531,000 | -61 | |||||||||
| Employee Costs | 1,689,000 | 1,779 | |||||||||
| Number Of Employees | 47 | 51 | 50 | 47 | |||||||
| EBITDA* | -484,000 | 90 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 463,000 | 379 | 241,590 | 311,271 | 358,136 | 337,266 | 446,837 | 490,579 | 499,717 | 520,916 | 560,932 |
| Intangible Assets | 0 | 0 | 6,755 | 18,320 | 29,885 | 41,450 | 53,007 | 67,463 | 79,028 | 90,593 | 102,158 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 168 | 142,680 | 150,469 | 0 | 155,435 | 151,874 | 182,818 | 137,157 | 144,040 | 0 |
| Total Fixed Assets | 463,000 | 379 | 391,025 | 480,060 | 388,021 | 534,151 | 651,718 | 740,860 | 715,902 | 755,549 | 663,090 |
| Stock & work in progress | 269,000 | 196 | 278,591 | 294,798 | 177,098 | 273,791 | 356,215 | 310,101 | 242,540 | 226,809 | 198,480 |
| Trade Debtors | 684,000 | 1,090 | 810,445 | 885,302 | 738,956 | 629,380 | 660,976 | 853,869 | 368,364 | 407,459 | 629,772 |
| Group Debtors | 264,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 28,000 | 0 | 123,206 | 38,293 | 42,507 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 39,000 | 22 | 44,795 | 12,728 | 145,054 | 5,981 | 500 | 500 | 489 | 54 | 466 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,300,000 | 1,308 | 1,257,037 | 1,231,121 | 1,103,615 | 909,152 | 1,017,691 | 1,164,470 | 611,393 | 634,322 | 828,718 |
| total assets | 1,763,000 | 1,687 | 1,648,062 | 1,711,181 | 1,491,636 | 1,443,303 | 1,669,409 | 1,905,330 | 1,327,295 | 1,389,871 | 1,491,808 |
| Bank overdraft | 0 | 0 | 23 | 67,843 | 153,366 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 338,000 | 880 | 353,588 | 403,543 | 237,055 | 838,027 | 1,079,909 | 1,153,303 | 641,545 | 669,479 | 549,801 |
| Group/Directors Accounts | 0 | 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 |
| hp & lease commitments | 156,000 | 0 | 48,995 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 964,000 | 0 | 385,657 | 441,003 | 317,229 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,458,000 | 979 | 788,263 | 912,389 | 707,650 | 838,027 | 1,079,909 | 1,153,303 | 641,545 | 669,479 | 549,801 |
| loans | 394,000 | 138 | 0 | 0 | 0 | 0 | 0 | 0 | 74,997 | 2,871 | 15,235 |
| hp & lease commitments | 197,000 | 0 | 117,264 | 151,430 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 37 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 106,464 | 113,362 | 131,237 | 115,993 | 0 | 110,291 | 101,164 |
| provisions | 74,000 | 0 | 36,637 | 19,971 | 25,118 | 16,635 | 2,705 | 19,378 | 6,382 | 0 | 22,427 |
| total long term liabilities | 234,000 | 106 | 153,901 | 171,401 | 131,582 | 129,997 | 133,942 | 135,371 | 81,379 | 113,162 | 138,826 |
| total liabilities | 1,692,000 | 1,085 | 942,164 | 1,083,790 | 839,232 | 968,024 | 1,213,851 | 1,288,674 | 722,924 | 782,641 | 688,627 |
| net assets | 71,000 | 602 | 705,898 | 627,391 | 652,404 | 475,279 | 455,558 | 616,656 | 604,371 | 607,230 | 803,181 |
| total shareholders funds | 71,000 | 602 | 705,898 | 627,391 | 652,404 | 475,279 | 455,558 | 616,656 | 604,371 | 607,230 | 803,181 |
| Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -512,000 | 18 | |||||||||
| Depreciation | 28,000 | 72 | 398 | 66,884 | 48,730 | 46,408 | 56,846 | 47,704 | 48,481 | 57,713 | 69,958 |
| Amortisation | 0 | 0 | 11,565 | 11,565 | 11,565 | 11,557 | 14,456 | 11,565 | 11,565 | 11,565 | 11,565 |
| Tax | 0 | 3 | |||||||||
| Stock | 268,804 | -278,395 | -16,207 | 117,700 | -96,693 | -82,424 | 46,114 | 67,561 | 15,731 | 28,329 | 198,480 |
| Debtors | 974,742 | -1,075,073 | 2,267 | 292,601 | -3,352 | -28,035 | -223,837 | 531,166 | -45,978 | -78,273 | 629,772 |
| Creditors | 337,120 | -352,708 | -49,955 | 166,488 | -600,972 | -241,882 | -73,394 | 511,758 | -27,934 | 119,678 | 549,801 |
| Accruals and Deferred Income | 963,963 | -385,620 | -55,346 | 123,774 | 317,229 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 74,000 | -36,637 | 16,666 | -5,147 | 8,483 | 13,930 | -16,673 | 12,996 | 6,382 | -22,427 | 22,427 |
| Cash flow from operations | -352,463 | 578,596 | |||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | -99 | 99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 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 |
| Long term loans | 393,862 | 138 | 0 | 0 | 0 | 0 | 0 | -74,997 | 72,126 | -12,364 | 15,235 |
| Hire Purchase and Lease Commitments | 353,000 | -166,259 | 14,829 | 151,430 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -106,464 | -6,898 | -17,875 | 15,244 | 115,993 | -110,291 | 9,127 | 101,164 |
| share issue | |||||||||||
| interest | -19,000 | -13 | |||||||||
| cash flow from financing | 1,329,161 | -871,270 | |||||||||
| cash and cash equivalents | |||||||||||
| cash | 38,978 | -44,773 | 32,067 | -132,326 | 139,073 | 5,481 | 0 | 11 | 435 | -412 | 466 |
| overdraft | 0 | -23 | -67,820 | -85,523 | 153,366 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 38,978 | -44,750 | 99,887 | -46,803 | -14,293 | 5,481 | 0 | 11 | 435 | -412 | 466 |
m & g olympic products limited Credit Report and Business Information
M & G Olympic Products Limited Competitor Analysis
Perform a competitor analysis for m & g olympic products limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
m & g olympic products limited Ownership
M & G OLYMPIC PRODUCTS LIMITED group structure
M & G Olympic Products Limited has 1 subsidiary company.
Ultimate parent company
M & G OLYMPIC PRODUCTS LIMITED
03589140
1 subsidiary
m & g olympic products limited directors
M & G Olympic Products Limited currently has 1 director, Mr Neil Clayton serving since Aug 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Clayton | England | 61 years | Aug 2020 | - | Director |
P&L
March 2020turnover
2.4m
+63756%
operating profit
-512k
-2844544%
gross margin
20.7%
-25.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
71k
+116.94%
total assets
1.8m
+1044.05%
cash
39k
+1771.73%
net assets
Total assets minus all liabilities
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m & g olympic products limited company details
company number
03589140
Type
Private limited with Share Capital
industry
25110 - Manufacture of metal structures and parts of structures
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
June 1998
age
26
accounts
Full Accounts
ultimate parent company
previous names
topicduty limited (December 1998)
incorporated
UK
address
no 1 whitehall riverside, whitehall road, leeds, LS1 4BN
last accounts submitted
March 2020
m & g olympic products limited Charges & Mortgages
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 m & g olympic products limited. Currently there are 2 open charges and 7 have been satisfied in the past.
m & g olympic products limited Companies House Filings - See Documents
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