Myconcept Ltd

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myconcept ltd Company Information

Live

EstablishedMicroLow

Company Number

05917141

Website

www.myconcept.co.uk

Registered Address

1-2 craven road, london, W5 2UA

Industry

Other personal service activities n.e.c.

Telephone

Next Accounts Due

May 2025

Group Structure

View All

Directors

Ricardo Pirroni18 Years

Shareholders

ricardo pirroni 90%

giovanni pirroni 10%

myconcept ltd Estimated Valuation

£11.5k

Pomanda estimates the enterprise value of MYCONCEPT LTD at £11.5k based on a Turnover of £23k and 0.5x industry multiple (adjusted for size and gross margin).

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Myconcept Ltd is a live company located in london, W5 2UA with a Companies House number of 05917141. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in August 2006, it's largest shareholder is ricardo pirroni with a 90% stake. Myconcept Ltd is a established, micro sized company, Pomanda has estimated its turnover at £23k with low growth in recent years.

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Pomanda's financial health check has awarded Myconcept Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £23k, make it smaller than the average company (£865.5k)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.1%)

EXPORT

Myconcept Ltd's latest turnover from August 2023 is estimated at £23 thousand and the company has net assets of £133. According to their latest financial statements, Myconcept Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	22,966	19,588	20,075	20,779	23,088	22,851	21,885	0	5,580	7,136	5,009	11,218	7,687	8,885	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	18,343	15,857	16,509	16,755	18,608	18,304	17,376	0	4,374	5,664	3,903	8,773	5,969	6,783	0
Gross Profit	4,623	3,731	3,566	4,025	4,480	4,547	4,509	0	1,206	1,472	1,106	2,445	1,717	2,103	0
Admin Expenses	5,723	4,156	2,670	2,957	5,570	3,277	5,274	-332	1,014	948	109	4,881	3,347	1,476	-3,822
Operating Profit	-1,100	-425	896	1,068	-1,090	1,270	-765	332	192	524	997	-2,436	-1,630	627	3,822
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	1	17	15	6	7	13	10	10	21	32	32	15
Pre-Tax Profit	-1,100	-425	896	1,069	-1,073	1,285	-759	339	205	534	1,006	-2,415	-1,598	660	3,838
Tax	0	0	-170	-203	0	-244	0	-68	-41	-112	-231	0	0	-185	-1,074
Profit After Tax	-1,100	-425	726	866	-1,073	1,041	-759	271	164	422	775	-2,415	-1,598	475	2,763
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,100	-425	726	866	-1,073	1,041	-759	271	164	422	775	-2,415	-1,598	475	2,763
Employee Costs	30,086	28,425	27,797	26,227	26,750	25,620	24,604	0	26,363	25,926	25,830	25,623	25,420	24,597	0
Number Of Employees	1	1	1	1	1	1	1	0	1	1	1	1	1	1	0
EBITDA*	-1,100	-425	896	1,068	-1,090	1,270	-559	538	399	959	1,433	-2,001	-1,630	627	3,822

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	0	0	0	0	0	0	0	206	412	0	435	871	0	0	0
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	206	412	0	435	871	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	3,103	2,561	2,922	2,962	0	0	0	0	0	0	646	0	875	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	1,845	2,797	1,259	3,513	2,200	2,844	1,233	2,663	5,792	6,994	6,003
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,103	2,561	2,922	2,962	1,845	2,797	1,259	3,513	2,200	2,844	1,879	2,663	6,667	6,994	6,003
total assets	3,103	2,561	2,922	2,962	1,845	2,797	1,259	3,719	2,612	2,844	2,314	3,534	6,667	6,994	6,003
Bank overdraft	0	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	0
Trade Creditors	2,970	1,328	1,264	2,030	1,679	1,558	1,061	0	1,926	2,322	2,214	4,209	4,927	3,656	3,140
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	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	2,762	0	0	0	0	0	0	0
total current liabilities	2,970	1,328	1,264	2,030	1,679	1,558	1,061	2,762	1,926	2,322	2,214	4,209	4,927	3,656	3,140
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	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	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	2,970	1,328	1,264	2,030	1,679	1,558	1,061	2,762	1,926	2,322	2,214	4,209	4,927	3,656	3,140
net assets	133	1,233	1,658	932	166	1,239	198	957	686	522	100	-675	1,740	3,338	2,863
total shareholders funds	133	1,233	1,658	932	166	1,239	198	957	686	522	100	-675	1,740	3,338	2,863

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-1,100	-425	896	1,068	-1,090	1,270	-765	332	192	524	997	-2,436	-1,630	627	3,822
Depreciation	0	0	0	0	0	0	206	206	207	435	436	435	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-170	-203	0	-244	0	-68	-41	-112	-231	0	0	-185	-1,074
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	542	-361	-40	2,962	0	0	0	0	0	-646	646	-875	875	0	0
Creditors	1,642	64	-766	351	121	497	1,061	-1,926	-396	108	-1,995	-718	1,271	516	3,140
Accruals and Deferred Income	0	0	0	0	0	0	-2,762	2,762	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	-1,746	-969	1,523	-2,260	1,306	-38	1,601	-1,439	-1,844	-1,234	958	5,888
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	-619	0	0	-1,306	0	0	0
Change in Investments	0	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	-619	0	0	-1,306	0	0	0
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	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	-100	0	0	0	0	0	0	0	0	0	0	100
interest	0	0	0	1	17	15	6	7	13	10	10	21	32	32	15
cash flow from financing	0	0	0	-99	17	15	6	7	13	10	10	21	32	32	115
cash and cash equivalents
cash	0	0	0	-1,845	-952	1,538	-2,254	1,313	-644	1,611	-1,430	-3,129	-1,202	991	6,003
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	-1,845	-952	1,538	-2,254	1,313	-644	1,611	-1,430	-3,129	-1,202	991	6,003

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for myconcept ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in W 5 area or any other competitors across 12 key performance metrics.

MYCONCEPT LTD group structure

Myconcept Ltd has no subsidiary companies.

Ultimate parent company

MYCONCEPT LTD

05917141

MYCONCEPT LTD Shareholders

ricardo pirroni	90%
giovanni pirroni	10%

Myconcept Ltd currently has 1 director, Mr Ricardo Pirroni serving since Aug 2006.

officer	country	age	start	end	role
Mr Ricardo Pirroni	England	53 years	Aug 2006	-	Director

P&L

August 2023

turnover

23k

+17%

operating profit

-1.1k

gross margin

20.2%

+5.68%

turnover

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

Balance Sheet

August 2023

net assets

133

-0.89%

total assets

3.1k

+0.21%

cash

net assets

Total assets minus all liabilities

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company number

05917141

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

August 2006

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

August 2023

address

1-2 craven road, london, W5 2UA

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 myconcept ltd.

myconcept ltd Company Information

myconcept ltd Estimated Valuation

myconcept ltd Estimated Valuation

myconcept ltd Estimated Valuation

Myconcept Ltd Overview

Myconcept Ltd Health Check

MYCONCEPT LTD financials

myconcept ltd Credit Report and Business Information

Myconcept Ltd Competitor Analysis

myconcept ltd Ownership

myconcept ltd directors

myconcept ltd company details

myconcept ltd Charges & Mortgages

myconcept ltd Companies House Filings - See Documents