Mj1 Electrical Limited

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mj1 electrical limited Company Information

Live

EstablishedMicroDeclining

Company Number

06218702

Website

www.mj1services.co.uk

Registered Address

73 stoneleigh broadway, stoneleigh, epsom, surrey, KT17 2HP

Industry

Electrical installation

Telephone

02076422124

Next Accounts Due

255 days late

Group Structure

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Directors

Marvin Jones17 Years

Wesley Quarshie8 Years

Shareholders

marvin jones 65%

wesley quarshie 35%

mj1 electrical limited Estimated Valuation

£42k

Pomanda estimates the enterprise value of MJ1 ELECTRICAL LIMITED at £42k based on a Turnover of £97.5k and 0.43x industry multiple (adjusted for size and gross margin).

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Mj1 Electrical Limited is a live company located in epsom, KT17 2HP with a Companies House number of 06218702. It operates in the electrical installation sector, SIC Code 43210. Founded in April 2007, it's largest shareholder is marvin jones with a 65% stake. Mj1 Electrical Limited is a established, micro sized company, Pomanda has estimated its turnover at £97.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Mj1 Electrical Limited a 1 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

Health Rating1out of 5

1 Strong

1 Regular

7 Weak

Size

annual sales of £97.5k, make it smaller than the average company (£818.2k)

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (4.4%)

EXPORT

Mj1 Electrical Limited's latest turnover from April 2022 is estimated at £97.5 thousand and the company has net assets of £331. According to their latest financial statements, we estimate that Mj1 Electrical Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	97,460	95,096	257,536	246,864	236,025	139,742	78,249	43,944	57,059	33,706	46,299	44,729	44,961
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	81,092	80,482	214,801	202,060	193,636	114,276	63,470	35,824	46,765	27,063	37,284	34,796	34,732
Gross Profit	16,367	14,614	42,735	44,805	42,389	25,466	14,780	8,120	10,295	6,643	9,015	9,933	10,229
Admin Expenses	16,367	14,614	42,735	46,970	40,217	27,029	15,650	7,961	9,601	6,365	8,879	8,168	9,029
Operating Profit	0	0	0	-2,165	2,172	-1,563	-870	159	694	278	136	1,765	1,200
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	5	5	0	0	0	0
Pre-Tax Profit	0	0	0	-2,165	2,172	-1,563	-870	164	699	278	136	1,765	1,200
Tax	0	0	0	0	-413	0	0	-33	-147	-64	-33	-459	-336
Profit After Tax	0	0	0	-2,165	1,759	-1,563	-870	131	552	214	103	1,306	864
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	0	0	-2,165	1,759	-1,563	-870	131	552	214	103	1,306	864
Employee Costs	39,274	38,087	78,033	80,960	77,994	39,652	39,716	39,828	38,041	37,073	37,232	36,040	36,511
Number Of Employees	1	1	2	2	2	1	1	1	1	1	1	1	1
EBITDA*	0	0	0	-2,165	2,172	-1,563	211	1,503	694	2,122	2,751	4,309	1,435

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	4,719	4,719	4,719	4,719	4,719	6,027	6,345	7,426	7,521	7,521	9,365	9,944	1,338
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,719	4,719	4,719	4,719	4,719	6,027	6,345	7,426	7,521	7,521	9,365	9,944	1,338
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	23,244	23,244	71,054	71,054	71,054	40,464	24,296	14,555	17,627	7,608	13,291	13,298	12,416
Group Debtors	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
Cash	0	0	0	0	0	0	0	0	1,921	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	23,244	23,244	71,054	71,054	71,054	40,464	24,296	14,555	19,548	7,608	13,291	13,298	12,416
total assets	27,963	27,963	75,773	75,773	75,773	46,491	30,641	21,981	27,069	15,129	22,656	23,242	13,754
Bank overdraft	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
Trade Creditors	27,632	27,632	47,810	47,810	41,145	27,156	9,593	4,227	8,968	10,295	8,268	8,297	7,881
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	27,632	27,632	47,810	47,810	41,145	27,156	9,593	4,227	8,968	10,295	8,268	8,297	7,881
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	27,632	27,632	32,132	18,598	18,648	14,484	14,962	2,247	12,015	12,675	4,909
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	27,632	27,632	32,132	18,598	18,648	14,484	14,962	2,247	12,015	12,675	4,909
total liabilities	27,632	27,632	75,442	75,442	73,277	45,754	28,241	18,711	23,930	12,542	20,283	20,972	12,790
net assets	331	331	331	331	2,496	737	2,400	3,270	3,139	2,587	2,373	2,270	964
total shareholders funds	331	331	331	331	2,496	737	2,400	3,270	3,139	2,587	2,373	2,270	964

	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	0	0	0	-2,165	2,172	-1,563	-870	159	694	278	136	1,765	1,200
Depreciation	0	0	0	0	0	0	1,081	1,344	0	1,844	2,615	2,544	235
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-413	0	0	-33	-147	-64	-33	-459	-336
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	-47,810	0	0	30,590	16,168	9,741	-3,072	10,019	-5,683	-7	882	12,416
Creditors	0	-20,178	0	6,665	13,989	17,563	5,366	-4,741	-1,327	2,027	-29	416	7,881
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	27,632	0	4,500	-14,842	-168	-4,164	-199	-10,799	9,768	2,696	3,384	-3,436
Investing Activities
capital expenditure	0	0	0	0	1,308	318	0	-1,249	0	0	-2,036	-11,150	-1,573
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	1,308	318	0	-1,249	0	0	-2,036	-11,150	-1,573
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-27,632	0	-4,500	13,534	-50	4,164	-478	12,715	-9,768	-660	7,766	4,909
share issue	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	5	5	0	0	0	0
cash flow from financing	0	-27,632	0	-4,500	13,534	-150	4,164	-473	12,720	-9,768	-660	7,766	5,009
cash and cash equivalents
cash	0	0	0	0	0	0	0	-1,921	1,921	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-1,921	1,921	0	0	0	0

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 mj1 electrical limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in KT17 area or any other competitors across 12 key performance metrics.

MJ1 ELECTRICAL LIMITED group structure

Mj1 Electrical Limited has no subsidiary companies.

Ultimate parent company

MJ1 ELECTRICAL LIMITED

06218702

MJ1 ELECTRICAL LIMITED Shareholders

marvin jones	65%
wesley quarshie	35%

Mj1 Electrical Limited currently has 2 directors. The longest serving directors include Mr Marvin Jones (Apr 2007) and Mr Wesley Quarshie (Jun 2016).

officer	country	age	start	end	role
Mr Marvin Jones	United Kingdom	42 years	Apr 2007	-	Director
Mr Wesley Quarshie	United Kingdom	41 years	Jun 2016	-	Director

P&L

April 2022

turnover

97.5k

+2%

operating profit

gross margin

16.8%

+9.28%

turnover

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

Balance Sheet

April 2022

net assets

331

total assets

28k

cash

net assets

Total assets minus all liabilities

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company number

06218702

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

April 2007

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

mj1 services limited (April 2017)

last accounts submitted

April 2022

address

73 stoneleigh broadway, stoneleigh, epsom, surrey, KT17 2HP

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 mj1 electrical limited.

mj1 electrical limited Company Information

mj1 electrical limited Estimated Valuation

mj1 electrical limited Estimated Valuation

mj1 electrical limited Estimated Valuation

Mj1 Electrical Limited Overview

Mj1 Electrical Limited Health Check

MJ1 ELECTRICAL LIMITED financials

mj1 electrical limited Credit Report and Business Information

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mj1 electrical limited Ownership

mj1 electrical limited directors

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