mitg ltd Company Information
Company Number
05372321
Registered Address
43 coniscliffe road, darlington, county durham, DL3 7EH
Industry
Other human resources provision
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
jcb ne ltd 20%
gc84 limited 20%
View Allmitg ltd Estimated Valuation
Pomanda estimates the enterprise value of MITG LTD at £384.2k based on a Turnover of £1.1m and 0.35x industry multiple (adjusted for size and gross margin).
mitg ltd Estimated Valuation
Pomanda estimates the enterprise value of MITG LTD at £31.7k based on an EBITDA of £10.9k and a 2.91x industry multiple (adjusted for size and gross margin).
mitg ltd Estimated Valuation
Pomanda estimates the enterprise value of MITG LTD at £942 based on Net Assets of £501 and 1.88x industry multiple (adjusted for liquidity).
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Mitg Ltd Overview
Mitg Ltd is a live company located in county durham, DL3 7EH with a Companies House number of 05372321. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in February 2005, it's largest shareholder is jcb ne ltd with a 20% stake. Mitg Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.
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Mitg Ltd Health Check
Pomanda's financial health check has awarded Mitg Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£5.4m)
- Mitg Ltd
£5.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4%)
- Mitg Ltd
4% - Industry AVG
Production
with a gross margin of 7.3%, this company has a higher cost of product (21.2%)
- Mitg Ltd
21.2% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (3.7%)
- Mitg Ltd
3.7% - Industry AVG
Employees
with 36 employees, this is similar to the industry average (34)
36 - Mitg Ltd
34 - Industry AVG
Pay Structure
on an average salary of £52.8k, the company has an equivalent pay structure (£52.8k)
- Mitg Ltd
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £30.5k, this is less efficient (£97.6k)
- Mitg Ltd
£97.6k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (53 days)
- Mitg Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (10 days)
- Mitg Ltd
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mitg Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (12 weeks)
3 weeks - Mitg Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.7%, this is a higher level of debt than the average (75.1%)
99.7% - Mitg Ltd
75.1% - Industry AVG
mitg ltd Credit Report and Business Information
Mitg Ltd Competitor Analysis
Perform a competitor analysis for mitg ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mitg ltd Ownership
MITG LTD group structure
Mitg Ltd has no subsidiary companies.
Ultimate parent company
MITG LTD
05372321
mitg ltd directors
Mitg Ltd currently has 5 directors. The longest serving directors include Mr Nicholas Vassilounis (Feb 2005) and Mr Karl Gordon (Apr 2012).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Nicholas Vassilounis | 58 years | Feb 2005 | - | Director | |
Mr Karl Gordon | 45 years | Apr 2012 | - | Director | |
Miss Jenny Beadnall | 45 years | Apr 2012 | - | Director | |
Mr Lee Harris | England | 41 years | Apr 2012 | - | Director |
Mr Simon Davies | England | 46 years | Jun 2018 | - | Director |
MITG LTD financials
Mitg Ltd's latest turnover from March 2023 is estimated at £1.1 million and the company has net assets of £501. According to their latest financial statements, Mitg Ltd has 36 employees and maintains cash reserves of £10.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 36 | 34 | 29 | 30 | 30 | 31 | 31 | 26 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 31,434 | 28,797 | 33,529 | 41,187 | 43,289 | 37,002 | 47,560 | 43,413 | 46,574 | 62,549 | 53,450 | 51,124 | 43,589 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 31,434 | 28,797 | 33,529 | 41,187 | 43,289 | 37,002 | 47,560 | 43,413 | 46,574 | 62,549 | 53,450 | 51,124 | 43,589 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 152,649 | 138,254 | 0 | 84,788 | 222,692 | 210,613 | 232,304 | 196,414 | 156,440 | 54,322 | 84,658 | 42,758 | 283,381 | 231,487 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 108,072 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 10,924 | 2,412 | 54,245 | 5,542 | 3,557 | 7,803 | 1,069 | 1,859 | 18,173 | 4,523 | 49,962 | 79,915 | 52,183 | 65,636 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82,379 |
total current assets | 163,573 | 140,666 | 162,317 | 90,330 | 226,249 | 218,416 | 233,373 | 198,273 | 174,613 | 58,845 | 134,620 | 122,673 | 335,564 | 379,502 |
total assets | 195,007 | 169,463 | 195,846 | 131,517 | 269,538 | 255,418 | 280,933 | 241,686 | 221,187 | 121,394 | 188,070 | 173,797 | 379,153 | 379,502 |
Bank overdraft | 0 | 0 | 7,108 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 165,684 | 131,136 | 19,330 | 123,465 | 261,147 | 247,852 | 271,897 | 233,130 | 212,136 | 109,320 | 178,016 | 129,442 | 217,364 | 301,059 |
Group/Directors Accounts | 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 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 119,849 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 165,684 | 131,136 | 146,287 | 123,465 | 261,147 | 247,852 | 271,897 | 233,130 | 212,136 | 109,320 | 178,016 | 129,442 | 217,364 | 301,059 |
loans | 0 | 0 | 42,893 | 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 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 22,452 | 32,539 | 0 | 0 | 0 | 0 | 0 | 0 | 8,551 | 11,574 | 9,554 | 8,804 | 6,942 | 0 |
provisions | 6,370 | 5,287 | 6,165 | 7,552 | 7,891 | 7,066 | 8,536 | 8,056 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 28,822 | 37,826 | 49,058 | 7,552 | 7,891 | 7,066 | 8,536 | 8,056 | 8,551 | 11,574 | 9,554 | 8,804 | 6,942 | 0 |
total liabilities | 194,506 | 168,962 | 195,345 | 131,017 | 269,038 | 254,918 | 280,433 | 241,186 | 220,687 | 120,894 | 187,570 | 138,246 | 224,306 | 301,059 |
net assets | 501 | 501 | 501 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 35,551 | 154,847 | 78,443 |
total shareholders funds | 501 | 501 | 501 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 35,551 | 154,847 | 78,443 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 11,163 | 11,023 | 12,615 | 10,975 | 9,128 | 10,703 | 10,274 | 10,098 | 12,911 | 13,872 | 12,459 | 10,729 | 2,843 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 14,395 | 30,182 | 23,284 | -137,904 | 12,079 | -21,691 | 35,890 | 39,974 | 102,118 | -30,336 | 41,900 | -240,623 | 51,894 | 231,487 |
Creditors | 34,548 | 111,806 | -104,135 | -137,682 | 13,295 | -24,045 | 38,767 | 20,994 | 102,816 | -68,696 | 48,574 | -87,922 | -83,695 | 301,059 |
Accruals and Deferred Income | 0 | -119,849 | 119,849 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 1,083 | -878 | -1,387 | -339 | 825 | -1,470 | 480 | 8,056 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 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 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | -42,893 | 42,893 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -10,087 | 32,539 | 0 | 0 | 0 | 0 | 0 | -8,551 | -3,023 | 2,020 | 750 | 1,862 | 6,942 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 8,512 | -51,833 | 48,703 | 1,985 | -4,246 | 6,734 | -790 | -16,314 | 13,650 | -45,439 | -29,953 | 27,732 | -13,453 | 65,636 |
overdraft | 0 | -7,108 | 7,108 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 8,512 | -44,725 | 41,595 | 1,985 | -4,246 | 6,734 | -790 | -16,314 | 13,650 | -45,439 | -29,953 | 27,732 | -13,453 | 65,636 |
P&L
March 2023turnover
1.1m
0%
operating profit
-283.4
0%
gross margin
7.3%
+16.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
501
0%
total assets
195k
+0.15%
cash
10.9k
+3.53%
net assets
Total assets minus all liabilities
mitg ltd company details
company number
05372321
Type
Private limited with Share Capital
industry
78300 - Other human resources provision
incorporation date
February 2005
age
19
accounts
Unaudited Abridged
ultimate parent company
previous names
mitchell gordon limited (January 2011)
mitchell gordon services limited (May 2005)
incorporated
UK
address
43 coniscliffe road, darlington, county durham, DL3 7EH
last accounts submitted
March 2023
mitg 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 did not find charges/mortgages relating to mitg ltd.
mitg ltd Companies House Filings - See Documents
date | description | view/download |
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