mg diamonds ltd
mg diamonds ltd Company Information
Company Number
05537249
Next Accounts
Jun 2025
Directors
Shareholders
mendi gertner
esther rachel gertner
Group Structure
View All
Industry
Wholesale of watches and jewellery
Registered Address
16 lingwood road, london, E5 9BN
Website
mgdiamonds.commg diamonds ltd Estimated Valuation
Pomanda estimates the enterprise value of MG DIAMONDS LTD at £266.9k based on a Turnover of £502.7k and 0.53x industry multiple (adjusted for size and gross margin).
mg diamonds ltd Estimated Valuation
Pomanda estimates the enterprise value of MG DIAMONDS LTD at £30.4k based on an EBITDA of £8.3k and a 3.65x industry multiple (adjusted for size and gross margin).
mg diamonds ltd Estimated Valuation
Pomanda estimates the enterprise value of MG DIAMONDS LTD at £234.9k based on Net Assets of £137.4k and 1.71x industry multiple (adjusted for liquidity).
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Mg Diamonds Ltd Overview
Mg Diamonds Ltd is a live company located in london, E5 9BN with a Companies House number of 05537249. It operates in the wholesale of watches and jewellery sector, SIC Code 46480. Founded in August 2005, it's largest shareholder is mendi gertner with a 50% stake. Mg Diamonds Ltd is a mature, small sized company, Pomanda has estimated its turnover at £502.7k with healthy growth in recent years.
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Mg Diamonds Ltd Health Check
Pomanda's financial health check has awarded Mg Diamonds Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
7 Weak
Size
annual sales of £502.7k, make it smaller than the average company (£12.8m)
- Mg Diamonds Ltd
£12.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.2%)
- Mg Diamonds Ltd
5.2% - Industry AVG
Production
with a gross margin of 28.8%, this company has a comparable cost of product (28.8%)
- Mg Diamonds Ltd
28.8% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (3.9%)
- Mg Diamonds Ltd
3.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (36)
2 - Mg Diamonds Ltd
36 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Mg Diamonds Ltd
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £251.3k, this is less efficient (£450.8k)
- Mg Diamonds Ltd
£450.8k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is near the average (33 days)
- Mg Diamonds Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (26 days)
- Mg Diamonds Ltd
26 days - Industry AVG
Stock Days
it holds stock equivalent to 235 days, this is more than average (130 days)
- Mg Diamonds Ltd
130 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Mg Diamonds Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.9%, this is a similar level of debt than the average (49.3%)
49.9% - Mg Diamonds Ltd
49.3% - Industry AVG
MG DIAMONDS LTD financials
Mg Diamonds Ltd's latest turnover from September 2023 is estimated at £502.7 thousand and the company has net assets of £137.4 thousand. According to their latest financial statements, Mg Diamonds Ltd has 2 employees and maintains cash reserves of £3.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 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 | 2 | 2 | 2 | 2 | 3 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,282 | 2,684 | 1,007 | 399 | 469 | 551 | 783 | 921 | 1,084 | 1,355 | 1,694 | 2,118 | 2,646 | 286 | 357 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,282 | 2,684 | 1,007 | 399 | 469 | 551 | 783 | 921 | 1,084 | 1,355 | 1,694 | 2,118 | 2,646 | 286 | 357 |
| Stock & work in progress | 230,700 | 220,000 | 180,000 | 60,000 | 95,000 | 105,000 | 120,000 | 40,000 | 65,000 | 90,000 | 42,500 | 65,000 | 55,000 | 12,500 | |
| Trade Debtors | 37,080 | 28,562 | 45,669 | 53,286 | 44,183 | 173,239 | 65,576 | 99,267 | 60,571 | 27,146 | 52,197 | 53,990 | 21,483 | 42,465 | 97,758 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 7,200 | 7,200 | 10,200 | 3,000 | |||||||||||
| Cash | 3,924 | 19,248 | 54,013 | 95,395 | 20,862 | 20,119 | 14,322 | 32,275 | 12,435 | 13,142 | 57,290 | 23,544 | 20,347 | 12,690 | |
| misc current assets | |||||||||||||||
| total current assets | 271,704 | 275,010 | 286,882 | 218,881 | 163,045 | 173,239 | 190,695 | 233,589 | 132,846 | 104,581 | 155,339 | 153,780 | 110,027 | 117,812 | 122,948 |
| total assets | 273,986 | 277,694 | 287,889 | 219,280 | 163,514 | 173,790 | 191,478 | 234,510 | 133,930 | 105,936 | 157,033 | 155,898 | 112,673 | 118,098 | 123,305 |
| Bank overdraft | 10,000 | 10,000 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 17,054 | 56,700 | 86,019 | 61,614 | 52,533 | 64,006 | 80,719 | 133,425 | 57,355 | 36,392 | 90,400 | 90,382 | 56,163 | 65,720 | 73,241 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 91,871 | 49,578 | 49,083 | 7,957 | 9,428 | ||||||||||
| total current liabilities | 118,925 | 116,278 | 135,102 | 69,571 | 61,961 | 64,006 | 80,719 | 133,425 | 57,355 | 36,392 | 90,400 | 90,382 | 56,163 | 65,720 | 73,241 |
| loans | 17,681 | 27,681 | 47,506 | 50,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 17,681 | 27,681 | 47,506 | 50,000 | |||||||||||
| total liabilities | 136,606 | 143,959 | 182,608 | 119,571 | 61,961 | 64,006 | 80,719 | 133,425 | 57,355 | 36,392 | 90,400 | 90,382 | 56,163 | 65,720 | 73,241 |
| net assets | 137,380 | 133,735 | 105,281 | 99,709 | 101,553 | 109,784 | 110,759 | 101,085 | 76,575 | 69,544 | 66,633 | 65,516 | 56,510 | 52,378 | 50,064 |
| total shareholders funds | 137,380 | 133,735 | 105,281 | 99,709 | 101,553 | 109,784 | 110,759 | 101,085 | 76,575 | 69,544 | 66,633 | 65,516 | 56,510 | 52,378 | 50,064 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 402 | 474 | 172 | 70 | 163 | 271 | 339 | 423 | 529 | 144 | 71 | 63 | |||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | 10,700 | 40,000 | 120,000 | -35,000 | 95,000 | -105,000 | -15,000 | 80,000 | -25,000 | -25,000 | 47,500 | -22,500 | 10,000 | 42,500 | 12,500 |
| Debtors | 1,318 | -17,107 | -10,617 | 16,303 | -126,056 | 107,663 | -33,691 | 38,696 | 33,425 | -25,051 | -1,793 | 32,507 | -20,982 | -55,293 | 97,758 |
| Creditors | -39,646 | -29,319 | 24,405 | 9,081 | -11,473 | -16,713 | -52,706 | 76,070 | 20,963 | -54,008 | 18 | 34,219 | -9,557 | -7,521 | 73,241 |
| Accruals and Deferred Income | 42,293 | 495 | 41,126 | -1,471 | 9,428 | ||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -10,000 | -19,825 | -2,494 | 50,000 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -15,324 | -34,765 | -41,382 | 74,533 | 20,862 | -20,119 | 5,797 | -17,953 | 19,840 | -707 | -44,148 | 33,746 | 3,197 | 7,657 | 12,690 |
| overdraft | 10,000 | ||||||||||||||
| change in cash | -15,324 | -44,765 | -41,382 | 74,533 | 20,862 | -20,119 | 5,797 | -17,953 | 19,840 | -707 | -44,148 | 33,746 | 3,197 | 7,657 | 12,690 |
mg diamonds ltd Credit Report and Business Information
Mg Diamonds Ltd Competitor Analysis
Perform a competitor analysis for mg diamonds ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in E 5 area or any other competitors across 12 key performance metrics.
mg diamonds ltd Ownership
MG DIAMONDS LTD group structure
Mg Diamonds Ltd has no subsidiary companies.
Ultimate parent company
MG DIAMONDS LTD
05537249
mg diamonds ltd directors
Mg Diamonds Ltd currently has 1 director, Mr Mendi Gertner serving since Aug 2005.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mendi Gertner | 49 years | Aug 2005 | - | Director |
P&L
September 2023turnover
502.7k
+27%
operating profit
7.9k
0%
gross margin
28.8%
-15.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
137.4k
+0.03%
total assets
274k
-0.01%
cash
3.9k
-0.8%
net assets
Total assets minus all liabilities
Similar Companies
mg diamonds ltd company details
company number
05537249
Type
Private limited with Share Capital
industry
46480 - Wholesale of watches and jewellery
incorporation date
August 2005
age
20
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
SUGARWHTE MEYER ACCOUNTANTS LTD
auditor
-
address
16 lingwood road, london, E5 9BN
Bank
-
Legal Advisor
-
mg diamonds 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 mg diamonds ltd.
mg diamonds ltd Capital Raised & Share Issues BETA
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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mg diamonds ltd Companies House Filings - See Documents
| date | description | view/download |
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