mg produce marketing ltd
mg produce marketing ltd Company Information
Company Number
04934134
Website
-Registered Address
30 finsbury square, london, ec2p 1ag, EC2A 1AG
Industry
Other processing and preserving of fruit and vegetables
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Directors
Michael Perry20 Years
Shareholders
michael perry 54.6%
graham saunders 45.5%
mg produce marketing ltd Estimated Valuation
Pomanda estimates the enterprise value of MG PRODUCE MARKETING LTD at £1.1m based on a Turnover of £3.5m and 0.31x industry multiple (adjusted for size and gross margin).
mg produce marketing ltd Estimated Valuation
Pomanda estimates the enterprise value of MG PRODUCE MARKETING LTD at £62.9k based on an EBITDA of £18.5k and a 3.4x industry multiple (adjusted for size and gross margin).
mg produce marketing ltd Estimated Valuation
Pomanda estimates the enterprise value of MG PRODUCE MARKETING LTD at £229.5k based on Net Assets of £143.2k and 1.6x industry multiple (adjusted for liquidity).
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Mg Produce Marketing Ltd Overview
Mg Produce Marketing Ltd is a dissolved company that was located in ec2p 1ag, EC2A 1AG with a Companies House number of 04934134. It operated in the other processing and preserving of fruit and vegetables sector, SIC Code 10390. Founded in October 2003, it's largest shareholder was michael perry with a 54.5% stake. The last turnover for Mg Produce Marketing Ltd was estimated at £3.5m.
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Mg Produce Marketing Ltd Health Check
Pomanda's financial health check has awarded Mg Produce Marketing Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £3.5m, make it smaller than the average company (£14.8m)
- Mg Produce Marketing Ltd
£14.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mg Produce Marketing Ltd
- - Industry AVG
Production
with a gross margin of 12.8%, this company has a higher cost of product (24.4%)
- Mg Produce Marketing Ltd
24.4% - Industry AVG
Profitability
an operating margin of 0.4% make it less profitable than the average company (3.9%)
- Mg Produce Marketing Ltd
3.9% - Industry AVG
Employees
with 10 employees, this is below the industry average (124)
- Mg Produce Marketing Ltd
124 - Industry AVG
Pay Structure
on an average salary of £24.4k, the company has an equivalent pay structure (£24.4k)
- Mg Produce Marketing Ltd
£24.4k - Industry AVG
Efficiency
resulting in sales per employee of £347.8k, this is more efficient (£188.5k)
- Mg Produce Marketing Ltd
£188.5k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is later than average (43 days)
- Mg Produce Marketing Ltd
43 days - Industry AVG
Creditor Days
its suppliers are paid after 106 days, this is slower than average (41 days)
- Mg Produce Marketing Ltd
41 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (33 days)
- Mg Produce Marketing Ltd
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (5 weeks)
0 weeks - Mg Produce Marketing Ltd
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.3%, this is a higher level of debt than the average (58.5%)
86.3% - Mg Produce Marketing Ltd
58.5% - Industry AVG
MG PRODUCE MARKETING LTD financials
Mg Produce Marketing Ltd's latest turnover from December 2010 is estimated at £3.5 million and the company has net assets of £143.2 thousand. According to their latest financial statements, we estimate that Mg Produce Marketing Ltd has 10 employees and maintains cash reserves of £815 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2010 | Dec 2009 | |
|---|---|---|
| Turnover | ||
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | ||
| Interest Payable | ||
| Interest Receivable | ||
| Pre-Tax Profit | ||
| Tax | ||
| Profit After Tax | ||
| Dividends Paid | ||
| Retained Profit | ||
| Employee Costs | ||
| Number Of Employees | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2010 | Dec 2009 | |
|---|---|---|
| Tangible Assets | 10,296 | 15,218 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 150,490 | 150,490 |
| Debtors (Due After 1 year) | 84,696 | 78,096 |
| Total Fixed Assets | 245,482 | 243,804 |
| Stock & work in progress | 44,853 | 16,564 |
| Trade Debtors | 755,602 | 570,673 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 815 | 733 |
| misc current assets | 0 | 0 |
| total current assets | 801,270 | 587,970 |
| total assets | 1,046,752 | 831,774 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 888,940 | 680,008 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 0 | 0 |
| total current liabilities | 888,940 | 680,008 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 14,570 | 18,290 |
| provisions | 0 | 0 |
| total long term liabilities | 14,570 | 18,290 |
| total liabilities | 903,510 | 698,298 |
| net assets | 143,242 | 133,476 |
| total shareholders funds | 143,242 | 133,476 |
| Dec 2010 | Dec 2009 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 4,922 | 6,020 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 28,289 | 16,564 |
| Debtors | 191,529 | 648,769 |
| Creditors | 208,932 | 680,008 |
| Accruals and Deferred Income | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 150,490 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | -3,720 | 18,290 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 82 | 733 |
| overdraft | 0 | 0 |
| change in cash | 82 | 733 |
mg produce marketing ltd Credit Report and Business Information
Mg Produce Marketing Ltd Competitor Analysis
Perform a competitor analysis for mg produce marketing ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mg produce marketing ltd Ownership
MG PRODUCE MARKETING LTD group structure
Mg Produce Marketing Ltd has no subsidiary companies.
Ultimate parent company
MG PRODUCE MARKETING LTD
04934134
mg produce marketing ltd directors
Mg Produce Marketing Ltd currently has 1 director, Mr Michael Perry serving since Oct 2003.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Perry | 63 years | Oct 2003 | - | Director |
P&L
December 2010turnover
3.5m
0%
operating profit
13.6k
0%
gross margin
12.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2010net assets
143.2k
+0.07%
total assets
1m
+0.26%
cash
815
+0.11%
net assets
Total assets minus all liabilities
Similar Companies
mg produce marketing ltd company details
company number
04934134
Type
Private limited with Share Capital
industry
10390 - Other processing and preserving of fruit and vegetables
incorporation date
October 2003
age
21
accounts
Total Exemption Small
ultimate parent company
previous names
dynamic produce marketing limited (May 2012)
incorporated
UK
address
30 finsbury square, london, ec2p 1ag, EC2A 1AG
last accounts submitted
December 2010
mg produce marketing ltd 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 3 charges/mortgages relating to mg produce marketing ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
mg produce marketing ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
