Mg Industries Limited

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mg industries limited Company Information

Live

MatureSmallDeclining

Company Number

04934196

Website

www.mg-ind.co.uk

Registered Address

unit b9 grove park, springvale road grimethorpe, barnsley, south yorkshire, S72 7BF

Industry

Manufacture of other special-purpose machinery n.e.c.

Installation of industrial machinery and equipment

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Telephone

01226715400

Next Accounts Due

August 2025

Group Structure

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Directors

Michael Gill20 Years

Christian Heeson5 Years

Shareholders

michael marshall gill 50%

michael gill 50%

mg industries limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of MG INDUSTRIES LIMITED at £3.4m based on Net Assets of £1.3m and 2.72x industry multiple (adjusted for liquidity).

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Mg Industries Limited is a live company located in barnsley, S72 7BF with a Companies House number of 04934196. It operates in the manufacture of equipment for concrete crushing and screening and roadworks sector, SIC Code 28923. Founded in October 2003, it's largest shareholder is michael marshall gill with a 50% stake. Mg Industries Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Mg Industries Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£11.8m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (5.2%)

EXPORT

Mg Industries Limited's latest turnover from November 2023 is estimated at £1.1 million and the company has net assets of £1.3 million. According to their latest financial statements, Mg Industries Limited has 14 employees and maintains cash reserves of £432.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	1,094,445	1,238,799	1,445,607	1,383,262	1,154,789	1,098,903	1,047,072	988,568	1,374,368	1,244,610	1,191,971	1,392,282	617,783	425,055	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	899,869	1,016,320	1,171,656	1,125,650	920,217	892,460	844,926	781,305	1,109,622	1,003,938	946,643	1,119,664	484,346	333,462	0
Gross Profit	194,576	222,479	273,951	257,612	234,572	206,443	202,146	207,263	264,745	240,672	245,327	272,618	133,437	91,593	0
Admin Expenses	80,008	234,919	24,388	222,488	275,715	161,199	114,279	174,883	-13,460	-31,839	28,915	164,570	56,378	56,234	-185,081
Operating Profit	114,568	-12,440	249,563	35,124	-41,143	45,244	87,867	32,380	278,205	272,511	216,412	108,048	77,059	35,359	185,081
Interest Payable	0	0	0	0	5,456	11,367	10,156	7,491	7,768	9,170	8,808	8,265	8,546	4,359	0
Interest Receivable	19,798	12,157	313	150	1,169	1,510	1,042	507	679	417	434	344	334	226	55
Pre-Tax Profit	134,367	-283	249,877	35,274	-45,430	35,386	78,753	25,396	271,116	263,758	208,039	100,128	68,847	31,226	185,136
Tax	-33,592	0	-47,477	-6,702	0	-6,723	-14,963	-5,079	-54,223	-55,389	-47,849	-24,031	-17,900	-8,743	-51,838
Profit After Tax	100,775	-283	202,400	28,572	-45,430	28,663	63,790	20,317	216,893	208,369	160,190	76,097	50,947	22,483	133,298
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	100,775	-283	202,400	28,572	-45,430	28,663	63,790	20,317	216,893	208,369	160,190	76,097	50,947	22,483	133,298
Employee Costs	653,651	722,106	775,080	631,423	665,774	635,753	679,854	151,848	151,581	152,683	142,625	185,858	103,143	69,837	0
Number Of Employees	14	16	18	15	16	16	17	4	4	4	4	5	3	2	0
EBITDA*	199,216	61,078	343,576	121,210	47,028	121,734	135,983	84,699	338,264	305,288	242,088	122,303	91,291	47,967	197,651

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	491,886	316,577	328,579	362,992	416,386	413,671	281,648	274,036	315,843	280,940	193,878	202,199	186,069	195,109	186,121
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	110,040	110,040	110,040	110,040	110,040	110,040	104,723	104,723	40,000	40,000	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	10,065	10,065	0	0	0	0	0	0	0
Total Fixed Assets	601,926	426,617	438,619	473,032	526,426	523,711	396,436	388,824	355,843	320,940	193,878	202,199	186,069	195,109	186,121
Stock & work in progress	213,673	238,593	258,077	386,104	374,478	369,869	367,406	512,523	410,092	379,265	206,704	204,671	203,000	140,778	119,075
Trade Debtors	349,386	481,974	521,251	470,944	364,764	393,197	380,786	312,351	419,688	397,408	401,618	410,129	147,653	123,382	164,340
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	26,183	11,739	14,702	0	0	0	0	0	0	0
Cash	432,803	359,129	451,325	174,854	125,748	186,064	216,489	200,164	205,516	65,909	101,064	72,670	64,964	68,698	21,885
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	995,862	1,079,696	1,230,653	1,031,902	864,990	975,313	976,420	1,039,740	1,035,296	842,582	709,386	687,470	415,617	332,858	305,300
total assets	1,597,788	1,506,313	1,669,272	1,504,934	1,391,416	1,499,024	1,372,856	1,428,564	1,391,139	1,163,522	903,264	889,669	601,686	527,967	491,421
Bank overdraft	0	0	0	0	0	12,363	13,300	13,300	0	0	0	3,497	3,497	3,497	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	218,444	173,204	311,504	313,629	227,378	96,900	39,740	147,866	302,733	276,819	279,875	401,956	192,204	154,595	147,075
Group/Directors Accounts	0	0	0	0	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	0	0	0	0
hp & lease commitments	0	0	0	0	0	39,442	25,538	22,938	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	79,635	121,428	114,624	0	0	0	0	0	0	0
total current liabilities	218,444	173,204	311,504	313,629	227,378	228,340	200,006	298,728	302,733	276,819	279,875	405,453	195,701	158,092	147,075
loans	0	0	0	0	0	149,301	161,838	124,053	102,355	136,652	145,517	121,997	125,311	130,635	0
hp & lease commitments	0	0	0	0	0	106,566	44,114	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	0
other liabilities	80,313	135,074	159,450	211,911	218,683	0	0	103,410	114,663	97,280	27,888	70,000	70,000	77,133	208,289
provisions	31,850	31,629	31,629	15,105	9,638	33,670	14,414	13,679	3,011	1,287	6,869	9,294	3,846	6,226	2,659
total long term liabilities	112,163	166,703	191,079	227,016	228,321	289,537	220,366	241,142	220,029	235,219	180,274	201,291	199,157	213,994	210,948
total liabilities	330,607	339,907	502,583	540,645	455,699	517,877	420,372	539,870	522,762	512,038	460,149	606,744	394,858	372,086	358,023
net assets	1,267,181	1,166,406	1,166,689	964,289	935,717	981,147	952,484	888,694	868,377	651,484	443,115	282,925	206,828	155,881	133,398
total shareholders funds	1,267,181	1,166,406	1,166,689	964,289	935,717	981,147	952,484	888,694	868,377	651,484	443,115	282,925	206,828	155,881	133,398

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	114,568	-12,440	249,563	35,124	-41,143	45,244	87,867	32,380	278,205	272,511	216,412	108,048	77,059	35,359	185,081
Depreciation	84,648	73,518	94,013	86,086	88,171	76,490	48,116	52,319	60,059	32,777	25,676	14,255	14,232	12,608	10,775
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,795
Tax	-33,592	0	-47,477	-6,702	0	-6,723	-14,963	-5,079	-54,223	-55,389	-47,849	-24,031	-17,900	-8,743	-51,838
Stock	-24,920	-19,484	-128,027	11,626	4,609	2,463	-145,117	102,431	30,827	172,561	2,033	1,671	62,222	21,703	119,075
Debtors	-132,588	-39,277	50,307	106,180	-54,616	16,790	65,472	-82,570	22,280	-4,210	-8,511	262,476	24,271	-40,958	164,340
Creditors	45,240	-138,300	-2,125	86,251	130,478	57,160	-108,126	-154,867	25,914	-3,056	-122,081	209,752	37,609	7,520	147,075
Accruals and Deferred Income	0	0	0	0	-79,635	-41,793	6,804	114,624	0	0	0	0	0	0	0
Deferred Taxes & Provisions	221	0	16,524	5,467	-24,032	19,256	735	10,668	1,724	-5,582	-2,425	5,448	-2,380	3,567	2,659
Cash flow from operations	368,593	-18,461	388,218	88,420	123,846	130,381	100,078	30,184	258,572	72,910	76,211	49,325	22,127	69,566	12,132
Investing Activities
capital expenditure	-259,957	-61,516	-59,600	-32,692	-90,886	-208,513	-55,728	-10,512	-94,962	-119,839	-17,355	-30,385	-5,192	-21,596	-198,691
Change in Investments	0	0	0	0	0	5,317	0	64,723	0	40,000	0	0	0	0	0
cash flow from investments	-259,957	-61,516	-59,600	-32,692	-90,886	-213,830	-55,728	-75,235	-94,962	-159,839	-17,355	-30,385	-5,192	-21,596	-198,691
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	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	0	0	0	0
Long term loans	0	0	0	0	-149,301	-12,537	37,785	21,698	-34,297	-8,865	23,520	-3,314	-5,324	130,635	0
Hire Purchase and Lease Commitments	0	0	0	0	-146,008	76,356	46,714	22,938	0	0	0	0	0	0	0
other long term liabilities	-54,761	-24,376	-52,461	-6,772	218,683	0	-103,410	-11,253	17,383	69,392	-42,112	0	-7,133	-131,156	208,289
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	19,798	12,157	313	150	-4,287	-9,857	-9,114	-6,984	-7,089	-8,753	-8,374	-7,921	-8,212	-4,133	55
cash flow from financing	-34,963	-12,219	-52,148	-6,622	-80,913	53,962	-28,025	26,399	-24,003	51,774	-26,966	-11,235	-20,669	-4,654	208,444
cash and cash equivalents
cash	73,674	-92,196	276,471	49,106	-60,316	-30,425	16,325	-5,352	139,607	-35,155	28,394	7,706	-3,734	46,813	21,885
overdraft	0	0	0	0	-12,363	-937	0	13,300	0	0	-3,497	0	0	3,497	0
change in cash	73,674	-92,196	276,471	49,106	-47,953	-29,488	16,325	-18,652	139,607	-35,155	31,891	7,706	-3,734	43,316	21,885

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MG INDUSTRIES LIMITED group structure

Mg Industries Limited has no subsidiary companies.

Ultimate parent company

MG INDUSTRIES LIMITED

04934196

MG INDUSTRIES LIMITED Shareholders

michael marshall gill	50%
michael gill	50%

Mg Industries Limited currently has 2 directors. The longest serving directors include Mr Michael Gill (Nov 2003) and Mr Christian Heeson (Oct 2018).

officer	country	age	start	end	role
Mr Michael Gill	England	58 years	Nov 2003	-	Director
Mr Christian Heeson	England	49 years	Oct 2018	-	Director

P&L

November 2023

turnover

1.1m

-12%

operating profit

114.6k

gross margin

17.8%

-1.01%

turnover

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

Balance Sheet

November 2023

net assets

1.3m

+0.09%

total assets

1.6m

+0.06%

cash

432.8k

+0.21%

net assets

Total assets minus all liabilities

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company number

04934196

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

33200 - Installation of industrial machinery and equipment

33120 - Repair of machinery

incorporation date

October 2003

ultimate parent company

None

previous names

xtx limited (November 2003)

address

unit b9 grove park, springvale road grimethorpe, barnsley, south yorkshire, S72 7BF

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 6 charges/mortgages relating to mg industries limited. Currently there are 6 open charges and 0 have been satisfied in the past.

mg industries limited Company Information

mg industries limited Estimated Valuation

mg industries limited Estimated Valuation

mg industries limited Estimated Valuation

Mg Industries Limited Overview

Mg Industries Limited Health Check

MG INDUSTRIES LIMITED financials

mg industries limited Credit Report and Business Information

Mg Industries Limited Competitor Analysis

mg industries limited Ownership

mg industries limited directors

mg industries limited company details

mg industries limited Charges & Mortgages

mg industries limited Companies House Filings - See Documents