Mk Finance Group Ltd

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mk finance group ltd Company Information

Live (In Liquidation)

EstablishedSmallDeclining

Company Number

06376027

Website

www.mkcarfinance.co.uk

Registered Address

100 st. james road, northampton, northamptonshire, NN5 5LF

Industry

Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.

Telephone

03335775533

Next Accounts Due

September 2025

Group Structure

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Directors

David Lockley17 Years

Vaughan Nash13 Years

Shareholders

james lockley 50%

vaughan nash 26%

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mk finance group ltd Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of MK FINANCE GROUP LTD at £2.6m based on a Turnover of £1.8m and 1.46x industry multiple (adjusted for size and gross margin).

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Mk Finance Group Ltd is a live company located in northamptonshire, NN5 5LF with a Companies House number of 06376027. It operates in the other credit granting n.e.c. sector, SIC Code 64929. Founded in September 2007, it's largest shareholder is james lockley with a 50% stake. Mk Finance Group Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Mk Finance Group Ltd a 2.5 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 Rating2.5out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£4.3m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6.6%)

EXPORT

Mk Finance Group Ltd's latest turnover from December 2023 is estimated at £1.8 million and the company has net assets of -£18 thousand. According to their latest financial statements, Mk Finance Group Ltd has 8 employees and maintains cash reserves of £59.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Sep 2009
Turnover	1,807,911	1,811,289	2,393,461	2,347,951	2,843,434	2,289,382	2,097,318	1,669,741	105,306	70,298	56,361	46,706	22,782	6,436	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	677,681	582,485	674,087	742,929	929,442	615,352	487,201	467,222	28,733	18,047	22,195	13,718	6,495	2,016	0
Gross Profit	1,130,230	1,228,805	1,719,374	1,605,021	1,913,992	1,674,031	1,610,117	1,202,519	76,572	52,252	34,166	32,987	16,287	4,421	0
Admin Expenses	1,109,952	1,280,973	1,792,646	1,613,342	1,840,228	1,659,236	1,568,000	1,190,683	73,757	53,875	31,544	17,569	6,278	1,824	-188
Operating Profit	20,278	-52,168	-73,272	-8,321	73,764	14,795	42,117	11,836	2,815	-1,623	2,622	15,418	10,009	2,597	188
Interest Payable	11,226	14,207	11,491	5,948	4,219	6,294	3,490	1,434	0	0	0	0	0	0	0
Interest Receivable	4,568	5,716	598	233	1,494	1,388	668	261	408	223	181	165	80	21	0
Pre-Tax Profit	13,620	-60,659	-84,165	-14,036	71,040	9,889	39,295	10,663	3,223	-1,400	2,803	15,583	10,089	2,618	188
Tax	-3,405	0	0	0	-13,498	-1,879	-7,466	-2,132	-644	0	-645	-3,740	-2,623	-733	-52
Profit After Tax	10,215	-60,659	-84,165	-14,036	57,542	8,010	31,829	8,530	2,578	-1,400	2,158	11,843	7,466	1,885	135
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	10,215	-60,659	-84,165	-14,036	57,542	8,010	31,829	8,530	2,578	-1,400	2,158	11,843	7,466	1,885	135
Employee Costs	533,105	488,508	733,338	802,625	756,911	674,250	617,492	505,981	34,757	35,420	34,224	37,318	34,256	30,788	0
Number Of Employees	8	8	12	14	14	13	13	11	1	1	1	1	1	1	0
EBITDA*	21,724	-50,829	-73,272	-8,321	73,764	16,980	44,424	14,140	3,487	-931	2,975	16,374	10,751	3,341	479

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Sep 2009
Tangible Assets	1,598	3,044	0	0	0	522	2,707	5,014	631	915	1,121	199	455	1,197	580
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	1,598	3,044	0	0	0	522	2,707	5,014	631	915	1,121	199	455	1,197	580
Stock & work in progress	0	0	0	27,603	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	21,701	22,775	18,259	32,957	65,909	76,717	53,522	66,023	42,803	20,036	20,192	19,910	16,021	970	258
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	60,386	59,729	59,153	69,018	14,035	4,455	4,180	17,705	1,200	0	0	0	0	0	0
Cash	59,464	123,274	203,364	274,646	190,926	207,576	162,544	104,623	103,824	59,188	30,189	42,171	23,940	8,246	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	141,551	205,778	280,776	404,224	270,870	288,748	220,246	188,351	147,827	79,224	50,381	62,081	39,961	9,216	258
total assets	143,149	208,822	280,776	404,224	270,870	289,270	222,953	193,365	148,458	80,139	51,502	62,280	40,416	10,413	838
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	39,996	30,008	21,842	48,715	0	27,892	17,067	14,356	1,514	57,952	27,915	40,851	30,830	8,293	603
Group/Directors Accounts	0	0	0	0	5,372	0	0	0	45,575	0	0	0	0	0	0
other short term finances	51,156	48,675	46,306	22,300	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	43,004	69,774	43,759	33,869	59,822	63,144	78,762	99,828	38,619	0	0	0	0	0	0
total current liabilities	134,156	148,457	111,907	104,884	65,194	91,036	95,829	114,184	85,708	57,952	27,915	40,851	30,830	8,293	603
loans	26,562	77,719	126,394	172,700	0	125,000	61,500	45,886	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	10,000	10,000	10,000	75,000	0	0	0	37,985	0	0	0	0	0	0
provisions	400	830	0	0	0	100	500	0	0	0	0	0	0	0	0
total long term liabilities	26,962	88,549	136,394	182,700	75,000	125,100	62,000	45,886	37,985	0	0	0	0	0	0
total liabilities	161,118	237,006	248,301	287,584	140,194	216,136	157,829	160,070	123,693	57,952	27,915	40,851	30,830	8,293	603
net assets	-17,969	-28,184	32,475	116,640	130,676	73,134	65,124	33,295	24,765	22,187	23,587	21,429	9,586	2,120	235
total shareholders funds	-17,969	-28,184	32,475	116,640	130,676	73,134	65,124	33,295	24,765	22,187	23,587	21,429	9,586	2,120	235

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Sep 2009
Operating Activities
Operating Profit	20,278	-52,168	-73,272	-8,321	73,764	14,795	42,117	11,836	2,815	-1,623	2,622	15,418	10,009	2,597	188
Depreciation	1,446	1,339	0	0	0	2,185	2,307	2,304	672	692	353	956	742	744	291
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,405	0	0	0	-13,498	-1,879	-7,466	-2,132	-644	0	-645	-3,740	-2,623	-733	-52
Stock	0	0	-27,603	27,603	0	0	0	0	0	0	0	0	0	0	0
Debtors	-417	5,092	-24,563	22,031	-1,228	23,470	-26,026	39,725	23,967	-156	282	3,889	15,051	712	258
Creditors	9,988	8,166	-26,873	48,715	-27,892	10,825	2,711	12,842	-56,438	30,037	-12,936	10,021	22,537	7,690	603
Accruals and Deferred Income	-26,770	26,015	9,890	-25,953	-3,322	-15,618	-21,066	61,209	38,619	0	0	0	0	0	0
Deferred Taxes & Provisions	-430	830	0	0	-100	-400	500	0	0	0	0	0	0	0	0
Cash flow from operations	1,524	-20,910	-38,089	-35,193	30,180	-13,562	45,129	46,334	-38,943	29,262	-10,888	18,766	15,614	9,586	772
Investing Activities
capital expenditure	0	-4,383	0	0	522	0	0	-6,687	-388	-486	-1,275	-700	0	-1,361	-871
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-4,383	0	0	522	0	0	-6,687	-388	-486	-1,275	-700	0	-1,361	-871
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	-5,372	5,372	0	0	-45,575	45,575	0	0	0	0	0	0
Other Short Term Loans	2,481	2,369	24,006	22,300	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-51,157	-48,675	-46,306	172,700	-125,000	63,500	15,614	45,886	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	-10,000	0	0	-65,000	75,000	0	0	-37,985	37,985	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-6,658	-8,491	-10,893	-5,715	-2,725	-4,906	-2,822	-1,173	408	223	181	165	80	21	0
cash flow from financing	-65,334	-54,797	-33,193	118,913	-47,353	58,594	12,792	-38,847	83,968	223	181	165	80	21	100
cash and cash equivalents
cash	-63,810	-80,090	-71,282	83,720	-16,650	45,032	57,921	799	44,636	28,999	-11,982	18,231	15,694	8,246	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-63,810	-80,090	-71,282	83,720	-16,650	45,032	57,921	799	44,636	28,999	-11,982	18,231	15,694	8,246	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MK FINANCE GROUP LTD group structure

Mk Finance Group Ltd has no subsidiary companies.

Ultimate parent company

MK FINANCE GROUP LTD

06376027

MK FINANCE GROUP LTD Shareholders

james lockley	50%
vaughan nash	26%
rozalia nash	24%

Mk Finance Group Ltd currently has 2 directors. The longest serving directors include Mr David Lockley (Sep 2007) and Mr Vaughan Nash (Jan 2011).

officer	country	age	start	end	role
Mr David Lockley	England	45 years	Sep 2007	-	Director
Mr Vaughan Nash		58 years	Jan 2011	-	Director

P&L

December 2023

turnover

1.8m

operating profit

20.3k

gross margin

62.6%

-7.85%

turnover

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

Balance Sheet

December 2023

net assets

-18k

-0.36%

total assets

143.1k

-0.31%

cash

59.5k

-0.52%

net assets

Total assets minus all liabilities

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company number

06376027

Type

Private limited with Share Capital

industry

64929 - Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.

incorporation date

September 2007

ultimate parent company

None

previous names

unique financial services south east limited (May 2018)

address

100 st. james road, northampton, northamptonshire, NN5 5LF

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 mk finance group ltd.

mk finance group ltd Company Information

mk finance group ltd Estimated Valuation

mk finance group ltd Estimated Valuation

mk finance group ltd Estimated Valuation

Mk Finance Group Ltd Overview

Mk Finance Group Ltd Health Check

MK FINANCE GROUP LTD financials

mk finance group ltd Credit Report and Business Information

Mk Finance Group Ltd Competitor Analysis

mk finance group ltd Ownership

mk finance group ltd directors

mk finance group ltd company details

mk finance group ltd Charges & Mortgages

mk finance group ltd Companies House Filings - See Documents