Mga Crane Hire Limited

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mga crane hire limited Company Information

Live

EstablishedMidHigh

Company Number

05377956

Website

www.mgacranehireltd.co.uk

Registered Address

8 winmarleigh street, warrington, cheshire, WA1 1JW

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

08456037748

Next Accounts Due

April 2025

Group Structure

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Directors

Michael Tinsley18 Years

Carol Tinsley5 Years

View All

Shareholders

mga northwest holdings limited 100%

mga crane hire limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of MGA CRANE HIRE LIMITED at £3.8m based on Net Assets of £1.4m and 2.61x industry multiple (adjusted for liquidity).

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Mga Crane Hire Limited AI Business Plan

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Mga Crane Hire Limited is a live company located in cheshire, WA1 1JW with a Companies House number of 05377956. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in February 2005, it's largest shareholder is mga northwest holdings limited with a 100% stake. Mga Crane Hire Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.1m with high growth in recent years.

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Pomanda's financial health check has awarded Mga Crane Hire Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

6 Regular

2 Weak

Size

annual sales of £5.1m, make it in line with the average company (£6.2m)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MGA CRANE HIRE LIMITED group structure

Mga Crane Hire Limited has no subsidiary companies.

Ultimate parent company

MGA CRANE HIRE LIMITED

05377956

MGA CRANE HIRE LIMITED Shareholders

mga northwest holdings limited

100%

Mga Crane Hire Limited currently has 6 directors. The longest serving directors include Mr Michael Tinsley (Mar 2006) and Mrs Carol Tinsley (Apr 2019).

officer	country	age	start	end	role
Mr Michael Tinsley	England	62 years	Mar 2006	-	Director
Mrs Carol Tinsley	England	62 years	Apr 2019	-	Director
Mr Adam Tinsley	England	34 years	Jul 2023	-	Director
Miss Danielle Knight	England	32 years	Jul 2023	-	Director
Mr Gareth Tinsley	England	31 years	Jul 2023	-	Director
Mr Shaun Quigley	England	56 years	Jul 2023	-	Director

EXPORT

Mga Crane Hire Limited's latest turnover from July 2023 is estimated at £5.1 million and the company has net assets of £1.4 million. According to their latest financial statements, Mga Crane Hire Limited has 28 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jan 2010
Turnover	5,080,249	3,773,623	2,450,705	2,651,136	3,032,816	2,601,523	2,677,141	1,889,579	2,331,954	2,776,558	2,224,360	1,009,342	1,246,966	937,990
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,862,377	2,844,553	1,890,733	2,023,390	2,289,954	1,952,836	1,983,752	1,392,466	1,756,024	2,086,962	1,636,404	732,882	895,977	677,682
Gross Profit	1,217,872	929,070	559,972	627,746	742,861	648,687	693,389	497,113	575,931	689,595	587,956	276,460	350,989	260,308
Admin Expenses	977,326	489,736	439,022	534,802	763,016	761,319	520,559	334,905	193,828	551,261	427,270	288,280	280,626	219,812
Operating Profit	240,546	439,334	120,950	92,944	-20,155	-112,632	172,830	162,208	382,103	138,334	160,686	-11,820	70,363	40,496
Interest Payable	21,589	17,219	9,150	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	33,380	3,379	231	153	799	639	366	873	512	162	122	30	13	0
Pre-Tax Profit	252,337	425,494	112,031	91,572	-19,356	-111,993	173,196	163,081	382,615	138,496	160,808	-11,790	70,376	40,496
Tax	-63,084	-80,844	-21,286	-17,399	0	0	-32,907	-32,616	-76,523	-29,084	-36,986	0	-18,298	-11,339
Profit After Tax	189,253	344,650	90,745	74,173	-19,356	-111,993	140,289	130,465	306,092	109,412	123,822	-11,790	52,078	29,157
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	189,253	344,650	90,745	74,173	-19,356	-111,993	140,289	130,465	306,092	109,412	123,822	-11,790	52,078	29,157
Employee Costs	1,288,752	1,116,576	1,009,725	1,147,166	848,765	838,431	680,435	473,942	547,604	642,264	554,258	256,316	356,746	259,314
Number Of Employees	28	26	24	27	20	20	17	12	14	17	15	7	10	7
EBITDA*	668,699	731,367	377,247	351,929	231,415	179,885	385,372	353,210	501,304	209,997	197,273	17,677	125,347	78,563

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jan 2010
Tangible Assets	4,941,297	3,935,624	2,717,077	2,507,298	2,616,923	2,082,515	1,957,561	1,627,423	1,322,241	875,144	632,662	417,574	192,418	152,681
Intangible Assets	3,949	5,699	7,449	9,199	10,949	12,693	14,437	16,187	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	4,945,246	3,941,323	2,724,526	2,516,497	2,627,872	2,095,208	1,971,998	1,643,610	1,322,241	875,144	632,662	417,574	192,418	152,681
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,001,145	818,452	521,737	476,768	706,253	570,764	598,254	482,224	411,685	441,036	348,743	181,216	222,294	138,429
Group Debtors	391,277	500,751	520,326	510,233	375,175	300,000	0	0	0	0	0	0	0	0
Misc Debtors	5,737	151,505	2,215	17,306	12,091	27,720	44,732	16,613	0	0	0	0	0	0
Cash	1,033,067	302,144	238,498	223,554	82,215	130,851	124,854	167,925	181,190	23,505	41,462	7,174	5,008	86
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,431,226	1,772,852	1,282,776	1,227,861	1,175,734	1,029,335	767,840	666,762	592,875	464,541	390,205	188,390	227,302	138,515
total assets	7,376,472	5,714,175	4,007,302	3,744,358	3,803,606	3,124,543	2,739,838	2,310,372	1,915,116	1,339,685	1,022,867	605,964	419,720	291,196
Bank overdraft	0	0	25,000	1,667	0	0	0	0	0	0	0	0	0	0
Bank loan	50,000	50,000	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	479,572	209,388	121,216	131,639	161,659	118,182	199,012	54,155	322,417	444,827	378,221	135,532	178,191	139,787
Group/Directors Accounts	33	11,602	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	1,106,886	924,864	548,671	574,939	562,049	514,653	339,183	283,031	0	0	0	0	0	0
other current liabilities	129,488	43,030	224,874	386,910	377,543	183,249	147,052	157,667	0	0	0	0	0	0
total current liabilities	1,765,979	1,238,884	919,761	1,095,155	1,101,251	816,084	685,247	494,853	322,417	444,827	378,221	135,532	178,191	139,787
loans	117,524	175,000	225,000	48,333	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	2,923,784	2,582,545	1,589,445	1,456,903	1,667,575	1,276,805	923,817	809,007	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	773,792	405,583	382,160	175,227	132,280	100,434
provisions	1,122,186	460,000	360,000	321,616	286,602	264,120	251,247	267,274	210,134	117,377	0	38,363	28,012	21,816
total long term liabilities	4,163,494	3,217,545	2,174,445	1,826,852	1,954,177	1,540,925	1,175,064	1,076,281	983,926	522,960	382,160	213,590	160,292	122,250
total liabilities	5,929,473	4,456,429	3,094,206	2,922,007	3,055,428	2,357,009	1,860,311	1,571,134	1,306,343	967,787	760,381	349,122	338,483	262,037
net assets	1,446,999	1,257,746	913,096	822,351	748,178	767,534	879,527	739,238	608,773	371,898	262,486	256,842	81,237	29,159
total shareholders funds	1,446,999	1,257,746	913,096	822,351	748,178	767,534	879,527	739,238	608,773	371,898	262,486	256,842	81,237	29,159

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jan 2010
Operating Activities
Operating Profit	240,546	439,334	120,950	92,944	-20,155	-112,632	172,830	162,208	382,103	138,334	160,686	-11,820	70,363	40,496
Depreciation	426,403	290,283	254,547	257,235	249,826	290,753	210,792	191,002	119,201	71,663	36,587	29,497	54,984	38,067
Amortisation	1,750	1,750	1,750	1,750	1,744	1,764	1,750	0	0	0	0	0	0	0
Tax	-63,084	-80,844	-21,286	-17,399	0	0	-32,907	-32,616	-76,523	-29,084	-36,986	0	-18,298	-11,339
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-72,549	426,430	39,971	-89,212	195,035	255,498	144,149	87,152	-29,351	92,293	167,527	-41,078	83,865	138,429
Creditors	270,184	88,172	-10,423	-30,020	43,477	-80,830	144,857	-268,262	-122,410	66,606	242,689	-42,659	38,404	139,787
Accruals and Deferred Income	86,458	-181,844	-162,036	9,367	194,294	36,197	-10,615	157,667	0	0	0	0	0	0
Deferred Taxes & Provisions	662,186	100,000	38,384	35,014	22,482	12,873	-16,027	57,140	92,757	117,377	-38,363	10,351	6,196	21,816
Cash flow from operations	1,696,992	230,421	181,915	438,103	296,633	-107,373	326,531	179,987	424,479	272,603	197,086	26,447	67,784	90,398
Investing Activities
capital expenditure	-1,432,076	-1,508,830	-464,326	-147,610	-784,234	-415,727	-540,930	-512,371	-566,298	-314,145	-251,675	-254,653	-94,721	-190,748
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,432,076	-1,508,830	-464,326	-147,610	-784,234	-415,727	-540,930	-512,371	-566,298	-314,145	-251,675	-254,653	-94,721	-190,748
Financing Activities
Bank loans	0	50,000	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-11,569	11,602	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	-57,476	-50,000	176,667	48,333	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	523,261	1,369,293	106,274	-197,782	438,166	528,458	170,962	1,092,038	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-773,792	368,209	23,423	206,933	42,947	31,846	100,434
share issue	0	0	0	0	0	0	0	0	-69,217	0	-118,178	187,395	0	2
interest	11,791	-13,840	-8,919	-1,372	799	639	366	873	512	162	122	30	13	0
cash flow from financing	466,007	1,367,055	274,022	-150,821	438,965	529,097	171,328	319,119	299,504	23,585	88,877	230,372	31,859	100,436
cash and cash equivalents
cash	730,923	63,646	14,944	141,339	-48,636	5,997	-43,071	-13,265	157,685	-17,957	34,288	2,166	4,922	86
overdraft	0	-25,000	23,333	1,667	0	0	0	0	0	0	0	0	0	0
change in cash	730,923	88,646	-8,389	139,672	-48,636	5,997	-43,071	-13,265	157,685	-17,957	34,288	2,166	4,922	86

P&L

July 2023

turnover

5.1m

+35%

operating profit

240.5k

gross margin

24%

-2.63%

turnover

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

Balance Sheet

July 2023

net assets

1.4m

+0.15%

total assets

7.4m

+0.29%

cash

+2.42%

net assets

Total assets minus all liabilities

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2.5

company number

05377956

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

February 2005

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

mga (north west) limited (March 2021)

incorporated

address

8 winmarleigh street, warrington, cheshire, WA1 1JW

last accounts submitted

July 2023

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 2 charges/mortgages relating to mga crane hire limited. Currently there are 0 open charges and 2 have been satisfied in the past.

mga crane hire limited Company Information

mga crane hire limited Estimated Valuation

mga crane hire limited Estimated Valuation

mga crane hire limited Estimated Valuation

Mga Crane Hire Limited AI Business Plan

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MGA CRANE HIRE LIMITED financials

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