Mg Marine Limited

POWER SEARCH PRICING

SOLUTIONS

mg marine limited Company Information

Live

EstablishedMicroHealthy

Company Number

05771519

Website

www.mgmarine.co.uk

Registered Address

28 newcombe park, mill hill, london, NW7 3QL

Industry

Sea and coastal freight water transport

Telephone

02089061949

Next Accounts Due

January 2025

Group Structure

View All

Directors

Michael Giblin18 Years

Shareholders

michael francis giblin 100%

mg marine limited Estimated Valuation

£76.7k

Pomanda estimates the enterprise value of MG MARINE LIMITED at £76.7k based on a Turnover of £141.9k and 0.54x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Mg Marine Limited is a live company located in london, NW7 3QL with a Companies House number of 05771519. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in April 2006, it's largest shareholder is michael francis giblin with a 100% stake. Mg Marine Limited is a established, micro sized company, Pomanda has estimated its turnover at £141.9k with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Mg Marine Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £141.9k, make it smaller than the average company (£8.6m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (10.1%)

EXPORT

Mg Marine Limited's latest turnover from April 2023 is estimated at £141.9 thousand and the company has net assets of -£77.5 thousand. According to their latest financial statements, Mg Marine Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	141,860	120,688	118,932	96,634	144,507	147,387	110,910	145,159	125,252	95,654	80,379	45,782	48,334	52,297
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	124,672	106,509	111,307	87,484	134,949	138,084	105,420	135,607	114,747	88,448	75,346	42,531	43,962	48,163
Gross Profit	17,187	14,179	7,625	9,150	9,558	9,302	5,490	9,552	10,505	7,207	5,033	3,250	4,372	4,135
Admin Expenses	24,995	13,996	13,765	17,646	18,038	16,523	8,116	17,553	18,642	19,594	13,776	3,658	3,549	3,997
Operating Profit	-7,808	183	-6,140	-8,496	-8,480	-7,221	-2,626	-8,001	-8,137	-12,387	-8,743	-408	823	138
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	1	5	9	6	6	19	37	24
Pre-Tax Profit	-7,808	183	-6,140	-8,496	-8,480	-7,221	-2,625	-7,996	-8,128	-12,381	-8,737	-389	859	163
Tax	0	-35	0	0	0	0	0	0	0	0	0	0	-223	-45
Profit After Tax	-7,808	148	-6,140	-8,496	-8,480	-7,221	-2,625	-7,996	-8,128	-12,381	-8,737	-389	636	117
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-7,808	148	-6,140	-8,496	-8,480	-7,221	-2,625	-7,996	-8,128	-12,381	-8,737	-389	636	117
Employee Costs	66,667	56,974	55,256	54,383	55,645	52,597	51,980	52,085	49,353	47,405	46,086	43,935	44,227	44,264
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-7,808	183	-6,140	-8,496	-8,480	-7,221	-2,626	-8,001	-8,137	-12,387	-8,743	-408	823	138

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,344	1,284	657	440	243	609	987	3,750	3,750	3,750	8,363	3,750	6,750	3,750
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	938	938	1,875	3,750	0	0	0	0	0	0	0	5,426	0	0
Cash	0	0	0	0	0	0	0	872	1,109	2,419	0	2,378	5,049	9,617
misc current assets	0	0	0	0	3,750	3,750	3,750	0	0	0	0	0	0	0
total current assets	2,282	2,222	2,532	4,190	3,993	4,359	4,737	4,622	4,859	6,169	8,363	11,554	11,799	13,367
total assets	2,282	2,222	2,532	4,190	3,993	4,359	4,737	4,622	4,859	6,169	8,363	11,554	11,799	13,367
Bank overdraft	0	0	0	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	79,182	71,314	71,772	66,990	58,297	49,983	42,740	41,499	33,740	26,922	16,735	11,189	11,045	13,249
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	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	79,182	71,314	71,772	66,990	58,297	49,983	42,740	41,499	33,740	26,922	16,735	11,189	11,045	13,249
loans	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
Accruals and Deferred Income	600	600	600	900	900	1,100	1,500	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	600	600	600	900	900	1,100	1,500	0	0	0	0	0	0	0
total liabilities	79,782	71,914	72,372	67,890	59,197	51,083	44,240	41,499	33,740	26,922	16,735	11,189	11,045	13,249
net assets	-77,500	-69,692	-69,840	-63,700	-55,204	-46,724	-39,503	-36,877	-28,881	-20,753	-8,372	365	754	118
total shareholders funds	-77,500	-69,692	-69,840	-63,700	-55,204	-46,724	-39,503	-36,877	-28,881	-20,753	-8,372	365	754	118

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-7,808	183	-6,140	-8,496	-8,480	-7,221	-2,626	-8,001	-8,137	-12,387	-8,743	-408	823	138
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-35	0	0	0	0	0	0	0	0	0	0	-223	-45
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	60	-310	-1,658	3,947	-366	-378	-2,763	0	0	-4,613	-813	2,426	3,000	3,750
Creditors	7,868	-458	4,782	8,693	8,314	7,243	1,241	7,759	6,818	10,187	5,546	144	-2,204	13,249
Accruals and Deferred Income	0	0	-300	0	-200	-400	1,500	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	-3,750	0	0	2,878	-242	-1,319	2,413	-2,384	-2,690	-4,604	9,592
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-1	0	0	0	0	0	0	1
interest	0	0	0	0	0	0	1	5	9	6	6	19	37	24
cash flow from financing	0	0	0	0	0	0	0	5	9	6	6	19	37	25
cash and cash equivalents
cash	0	0	0	0	0	0	-872	-237	-1,310	2,419	-2,378	-2,671	-4,568	9,617
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-872	-237	-1,310	2,419	-2,378	-2,671	-4,568	9,617

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for mg marine limited. Get real-time insights into mg marine limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for mg marine limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

MG MARINE LIMITED group structure

Mg Marine Limited has no subsidiary companies.

Ultimate parent company

MG MARINE LIMITED

05771519

MG MARINE LIMITED Shareholders

michael francis giblin

100%

Mg Marine Limited currently has 1 director, Mr Michael Giblin serving since Apr 2006.

officer	country	age	start	end	role
Mr Michael Giblin		59 years	Apr 2006	-	Director

P&L

April 2023

turnover

141.9k

+18%

operating profit

-7.8k

gross margin

12.2%

+3.13%

turnover

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

Balance Sheet

April 2023

net assets

-77.5k

+0.11%

total assets

2.3k

+0.03%

cash

net assets

Total assets minus all liabilities

Similar Companies

Agree?

auto group limited

inchcape shipping services (gibraltar) limited

the sustainable shipping initiative limited

weston shipping agency ltd

1.5

intership agencies (london) limited

company number

05771519

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

incorporation date

April 2006

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

28 newcombe park, mill hill, london, NW7 3QL

last accounts submitted

April 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 did not find charges/mortgages relating to mg marine limited.

mg marine limited Company Information

mg marine limited Estimated Valuation

mg marine limited Estimated Valuation

mg marine limited Estimated Valuation

Mg Marine Limited Overview

Mg Marine Limited Health Check

MG MARINE LIMITED financials

mg marine limited Credit Report and Business Information

Mg Marine Limited Competitor Analysis

mg marine limited Ownership

mg marine limited directors

mg marine limited company details

mg marine limited Charges & Mortgages

mg marine limited Companies House Filings - See Documents