M & G Developers Limited

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m & g developers limited Company Information

Live

MatureSmallRapid

Company Number

03974564

Next Accounts

Jan 2025

Industry

Buying and selling of own real estate

Directors

Grant Murphy

Mark Way

Shareholders

mark way

grant murphy

Group Structure

View All

Contact

Registered Address

3, acorn business centre, northarbo, portsmouth, PO6 3TH

Website

www.gmdevelopments.co.uk

m & g developers limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of M & G DEVELOPERS LIMITED at £2.5m based on a Turnover of £842.5k and 2.98x industry multiple (adjusted for size and gross margin).

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M & G Developers Limited is a live company located in portsmouth, PO6 3TH with a Companies House number of 03974564. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in April 2000, it's largest shareholder is mark way with a 50% stake. M & G Developers Limited is a mature, small sized company, Pomanda has estimated its turnover at £842.5k with rapid growth in recent years.

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Pomanda's financial health check has awarded M & G Developers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

5 Regular

4 Weak

Size

annual sales of £842.5k, make it in line with the average company (£840.1k)

Growth

3 year (CAGR) sales growth of 52%, show it is growing at a faster rate (2.1%)

EXPORT

M & G Developers Limited's latest turnover from April 2023 is estimated at £842.5 thousand and the company has net assets of £1.2 million. According to their latest financial statements, M & G Developers Limited has 2 employees and maintains cash reserves of £10.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	842,455	823,258	202,951	241,783	400,000	398,933	416,481	235,975	140,171	131,959	648,208	603,629	2,132,265	2,179,000
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	264,303	273,071	65,750	79,451	124,430	132,054	137,820	78,298	52,526	54,868	253,410	237,463	794,027	837,267
Gross Profit	578,152	550,187	137,200	162,332	275,570	266,879	278,662	157,677	87,645	77,091	394,798	366,166	1,338,238	1,341,733
Admin Expenses	273,214	393,046	4,335	20,225	113,150	126,117	140,833	37,272	-11,957	-54,258	34,636	248,640	1,210,625	1,316,746
Operating Profit	304,938	157,141	132,865	142,107	162,420	140,762	137,829	120,405	99,602	131,349	360,162	117,526	127,613	24,987
Interest Payable	142,153	100,060	93,790	96,976	111,612	102,810	93,415	99,386	59,447	60,712	104,382	112,033	118,050	58,691
Interest Receivable	375	70	12	10	109	106	36	27	0	0	209	39	36	20
Pre-Tax Profit	163,160	57,152	39,088	45,141	50,917	38,059	44,451	21,046	40,155	70,637	255,990	5,532	9,599	-33,684
Tax	-40,790	-10,859	-7,427	-8,577	-9,674	-7,231	-8,446	-4,209	-8,044	-14,144	-58,878	-1,328	-2,496	0
Profit After Tax	122,370	46,293	31,661	36,564	41,243	30,828	36,005	16,837	32,111	56,493	197,112	4,204	7,103	-33,684
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	122,370	46,293	31,661	36,564	41,243	30,828	36,005	16,837	32,111	56,493	197,112	4,204	7,103	-33,684
Employee Costs	72,180	73,370	71,861	81,171	77,550	74,150	71,600	77,187	2,230	2,574	105,337	100,329	339,543	396,676
Number Of Employees	2	2	2	2	2	2	2	2	1	1	3	3	10	12
EBITDA*	304,938	157,428	132,961	142,234	162,590	140,843	137,865	120,453	99,666	131,434	360,276	117,561	127,648	25,034

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	0	0	287	383	510	680	108	144	192	256	575,341	575,455	575,106	575,141
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,780,000	2,950,000	2,950,000	2,950,000	2,950,000	2,950,000	2,950,000	2,950,000	2,950,000	2,364,710	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	2,780,000	2,950,000	2,950,287	2,950,383	2,950,510	2,950,680	2,950,108	2,950,144	2,950,192	2,364,966	575,341	575,455	575,106	575,141
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	1,789,710	1,789,710	1,789,710	1,789,710
Trade Debtors	108,885	114,283	0	0	0	0	0	0	0	0	67,772	67,707	219,534	240,411
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	112,474	112,474	0	3,582	12,845	14,196	0	0	0	0
Cash	10,602	7,042	11,656	12,823	6,727	22,454	20,139	8,949	1,873	10,041	74,480	9,174	6,262	8,011
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	119,487	121,325	11,656	12,823	119,201	134,928	20,139	12,531	14,718	24,237	1,931,962	1,866,591	2,015,506	2,038,132
total assets	2,899,487	3,071,325	2,961,943	2,963,206	3,069,711	3,085,608	2,970,247	2,962,675	2,964,910	2,389,203	2,507,303	2,442,046	2,590,612	2,613,273
Bank overdraft	0	0	0	0	0	0	0	28,566	87,148	244,148	79,563	85,287	48,203	110,143
Bank loan	65,454	65,454	67,440	65,760	65,508	63,800	0	0	0	0	0	0	0	0
Trade Creditors	2,747	9,558	5,172	1,269	0	0	0	8,427	9,808	2,474	114,031	66,182	507,475	550,871
Group/Directors Accounts	0	0	2,900	2,900	2,605	0	0	153,400	149,200	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	184,995	225,760	93,975	90,572	188,318	184,800	307,261	141,070	127,006	141,799	0	0	0	0
total current liabilities	253,196	300,772	169,487	160,501	256,431	248,600	307,261	331,463	373,162	388,421	193,594	151,469	555,678	661,014
loans	1,260,969	1,381,848	1,449,990	1,491,881	1,556,377	1,621,333	1,478,241	1,482,472	1,459,845	1,486,280	1,511,456	1,535,436	1,778,241	1,695,734
hp & lease commitments	0	0	0	0	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	0	0	0	0	0	0	0	0	344,244	494,244	0	6,935
provisions	190,045	165,026	165,080	165,099	147,742	147,757	147,655	173,712	173,712	0	0	0	0	0
total long term liabilities	1,451,014	1,546,874	1,615,070	1,656,980	1,704,119	1,769,090	1,625,896	1,656,184	1,633,557	1,486,280	1,855,700	2,029,680	1,778,241	1,702,669
total liabilities	1,704,210	1,847,646	1,784,557	1,817,481	1,960,550	2,017,690	1,933,157	1,987,647	2,006,719	1,874,701	2,049,294	2,181,149	2,333,919	2,363,683
net assets	1,195,277	1,223,679	1,177,386	1,145,725	1,109,161	1,067,918	1,037,090	975,028	958,191	514,502	458,009	260,897	256,693	249,590
total shareholders funds	1,195,277	1,223,679	1,177,386	1,145,725	1,109,161	1,067,918	1,037,090	975,028	958,191	514,502	458,009	260,897	256,693	249,590

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	304,938	157,141	132,865	142,107	162,420	140,762	137,829	120,405	99,602	131,349	360,162	117,526	127,613	24,987
Depreciation	0	287	96	127	170	81	36	48	64	85	114	35	35	47
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-40,790	-10,859	-7,427	-8,577	-9,674	-7,231	-8,446	-4,209	-8,044	-14,144	-58,878	-1,328	-2,496	0
Stock	0	0	0	0	0	0	0	0	0	-1,789,710	0	0	0	1,789,710
Debtors	-5,398	114,283	0	-112,474	0	112,474	-3,582	-9,263	-1,351	-53,576	65	-151,827	-20,877	240,411
Creditors	-6,811	4,386	3,903	1,269	0	0	-8,427	-1,381	7,334	-111,557	47,849	-441,293	-43,396	550,871
Accruals and Deferred Income	-40,765	131,785	3,403	-97,746	3,518	-122,461	166,191	14,064	-14,793	141,799	0	0	0	0
Deferred Taxes & Provisions	25,019	-54	-19	17,357	-15	102	-26,057	0	173,712	0	0	0	0	0
Cash flow from operations	246,989	168,403	132,821	167,011	156,419	-101,221	264,708	138,190	259,226	1,990,818	349,182	-173,233	102,633	-1,454,216
Investing Activities
capital expenditure	0	0	0	0	0	-653	0	0	0	0	0	-384	0	-575,188
Change in Investments	-170,000	0	0	0	0	0	0	0	585,290	2,364,710	0	0	0	0
cash flow from investments	170,000	0	0	0	0	-653	0	0	-585,290	-2,364,710	0	-384	0	-575,188
Financing Activities
Bank loans	0	-1,986	1,680	252	1,708	63,800	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-2,900	0	295	2,605	0	-153,400	4,200	149,200	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	-120,879	-68,142	-41,891	-64,496	-64,956	143,092	-4,231	22,627	-26,435	-25,176	-23,980	-242,805	82,507	1,695,734
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-344,244	-150,000	494,244	-6,935	6,935
share issue	-150,772	0	0	0	0	0	26,057	0	411,578	0	0	0	0	283,274
interest	-141,778	-99,990	-93,778	-96,966	-111,503	-102,704	-93,379	-99,359	-59,447	-60,712	-104,173	-111,994	-118,014	-58,671
cash flow from financing	-413,429	-173,018	-133,989	-160,915	-172,146	104,188	-224,953	-72,532	474,896	-430,132	-278,153	139,445	-42,442	1,927,272
cash and cash equivalents
cash	3,560	-4,614	-1,167	6,096	-15,727	2,315	11,190	7,076	-8,168	-64,439	65,306	2,912	-1,749	8,011
overdraft	0	0	0	0	0	0	-28,566	-58,582	-157,000	164,585	-5,724	37,084	-61,940	110,143
change in cash	3,560	-4,614	-1,167	6,096	-15,727	2,315	39,756	65,658	148,832	-229,024	71,030	-34,172	60,191	-102,132

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M & G DEVELOPERS LIMITED group structure

M & G Developers Limited has no subsidiary companies.

Ultimate parent company

M & G DEVELOPERS LIMITED

03974564

M & G DEVELOPERS LIMITED Shareholders

mark way	50%
grant murphy	50%

M & G Developers Limited currently has 2 directors. The longest serving directors include Mr Grant Murphy (Apr 2000) and Mr Mark Way (Apr 2000).

officer	country	age	start	end	role
Mr Grant Murphy	United Kingdom	62 years	Apr 2000	-	Director
Mr Mark Way		65 years	Apr 2000	-	Director

P&L

April 2023

turnover

842.5k

+2%

operating profit

304.9k

gross margin

68.7%

+2.69%

turnover

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

Balance Sheet

April 2023

net assets

1.2m

-0.02%

total assets

2.9m

-0.06%

cash

10.6k

+0.51%

net assets

Total assets minus all liabilities

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company number

03974564

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

April 2000

ultimate parent company

None

previous names

N/A

address

3, acorn business centre, northarbo, portsmouth, PO6 3TH

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 14 charges/mortgages relating to m & g developers limited. Currently there are 5 open charges and 9 have been satisfied in the past.

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 developers limited Company Information

m & g developers limited Estimated Valuation

m & g developers limited Estimated Valuation

m & g developers limited Estimated Valuation

M & G Developers Limited Overview

M & G Developers Limited Health Check

M & G DEVELOPERS LIMITED financials

m & g developers limited Credit Report and Business Information

M & G Developers Limited Competitor Analysis

m & g developers limited Ownership

m & g developers limited directors

m & g developers limited company details

m & g developers limited Charges & Mortgages

m & g developers limited Capital Raised & Share Issues BETA

m & g developers limited Companies House Filings - See Documents