mk finance group ltd Company Information
Company Number
06376027
Website
www.mkcarfinance.co.ukRegistered 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
View All
Shareholders
james lockley 50%
vaughan nash 26%
View Allmk finance group ltd Estimated Valuation
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).
mk finance group ltd Estimated Valuation
Pomanda estimates the enterprise value of MK FINANCE GROUP LTD at £96.4k based on an EBITDA of £21.7k and a 4.44x industry multiple (adjusted for size and gross margin).
mk finance group ltd Estimated Valuation
Pomanda estimates the enterprise value of MK FINANCE GROUP LTD at £0 based on Net Assets of £-18k and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mk Finance Group Ltd Overview
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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Mk Finance Group Ltd Health Check
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
3 Strong
2 Regular
6 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£4.3m)
- Mk Finance Group Ltd
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6.6%)
- Mk Finance Group Ltd
6.6% - Industry AVG
Production
with a gross margin of 62.5%, this company has a comparable cost of product (62.5%)
- Mk Finance Group Ltd
62.5% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (30%)
- Mk Finance Group Ltd
30% - Industry AVG
Employees
with 8 employees, this is above the industry average (5)
8 - Mk Finance Group Ltd
5 - Industry AVG
Pay Structure
on an average salary of £66.6k, the company has an equivalent pay structure (£66.6k)
- Mk Finance Group Ltd
£66.6k - Industry AVG
Efficiency
resulting in sales per employee of £226k, this is less efficient (£407.5k)
- Mk Finance Group Ltd
£407.5k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (233 days)
- Mk Finance Group Ltd
233 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (24 days)
- Mk Finance Group Ltd
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mk Finance Group Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (9 weeks)
23 weeks - Mk Finance Group Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.6%, this is a higher level of debt than the average (87.6%)
112.6% - Mk Finance Group Ltd
87.6% - Industry AVG
MK FINANCE GROUP LTD financials
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 | |||||||||||||||
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 | 8 | 8 | 12 | 14 | 14 | 13 | 13 | 11 | |||||||
EBITDA* |
* 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 | |||||||||||||||
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 | |||||||||||||||
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 | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
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 | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
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 |
mk finance group ltd Credit Report and Business Information
Mk Finance Group Ltd Competitor Analysis
Perform a competitor analysis for mk finance group ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in NN5 area or any other competitors across 12 key performance metrics.
mk finance group ltd Ownership
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 directors
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 2023turnover
1.8m
0%
operating profit
20.3k
0%
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 2023net assets
-18k
-0.36%
total assets
143.1k
-0.31%
cash
59.5k
-0.52%
net assets
Total assets minus all liabilities
mk finance group ltd company details
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
age
17
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
unique financial services south east limited (May 2018)
accountant
-
auditor
-
address
100 st. james road, northampton, northamptonshire, NN5 5LF
Bank
-
Legal Advisor
-
mk finance group 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 mk finance group ltd.
mk finance group ltd Companies House Filings - See Documents
date | description | view/download |
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