mg networks ltd
mg networks ltd Company Information
Company Number
06877716
Next Accounts
Feb 2025
Directors
Shareholders
mr gerard thomas mcgirr
mrs susanna mcgirr
View AllGroup Structure
View All
Industry
Renting and leasing of construction and civil engineering machinery and equipment
Registered Address
22 ashfield, sturton by stowe, lincoln, LN1 2BN
Website
-mg networks ltd Estimated Valuation
Pomanda estimates the enterprise value of MG NETWORKS LTD at £446.3k based on a Turnover of £934.7k and 0.48x industry multiple (adjusted for size and gross margin).
mg networks ltd Estimated Valuation
Pomanda estimates the enterprise value of MG NETWORKS LTD at £676.8k based on an EBITDA of £252k and a 2.69x industry multiple (adjusted for size and gross margin).
mg networks ltd Estimated Valuation
Pomanda estimates the enterprise value of MG NETWORKS LTD at £622k based on Net Assets of £278.7k and 2.23x industry multiple (adjusted for liquidity).
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Mg Networks Ltd Overview
Mg Networks Ltd is a dissolved company that was located in lincoln, LN1 2BN with a Companies House number of 06877716. It operated in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in April 2009, it's largest shareholder was mr gerard thomas mcgirr with a 65% stake. The last turnover for Mg Networks Ltd was estimated at £934.7k.
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Mg Networks Ltd Health Check
Pomanda's financial health check has awarded Mg Networks Ltd a 3 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 £934.7k, make it smaller than the average company (£7.3m)
- Mg Networks Ltd
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (10.8%)
- Mg Networks Ltd
10.8% - Industry AVG
Production
with a gross margin of 23.5%, this company has a higher cost of product (33.7%)
- Mg Networks Ltd
33.7% - Industry AVG
Profitability
an operating margin of 9.9% make it as profitable than the average company (11.6%)
- Mg Networks Ltd
11.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (77)
- Mg Networks Ltd
77 - Industry AVG
Pay Structure
on an average salary of £33.5k, the company has an equivalent pay structure (£33.5k)
- Mg Networks Ltd
£33.5k - Industry AVG
Efficiency
resulting in sales per employee of £186.9k, this is more efficient (£140.7k)
- Mg Networks Ltd
£140.7k - Industry AVG
Debtor Days
it gets paid by customers after 97 days, this is later than average (76 days)
- Mg Networks Ltd
76 days - Industry AVG
Creditor Days
its suppliers are paid after 166 days, this is slower than average (53 days)
- Mg Networks Ltd
53 days - Industry AVG
Stock Days
it holds stock equivalent to 51 days, this is more than average (8 days)
- Mg Networks Ltd
8 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mg Networks Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.7%, this is a higher level of debt than the average (63.2%)
75.7% - Mg Networks Ltd
63.2% - Industry AVG
MG NETWORKS LTD financials
Mg Networks Ltd's latest turnover from April 2015 is estimated at £934.7 thousand and the company has net assets of £278.7 thousand. According to their latest financial statements, we estimate that Mg Networks Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|
| 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 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 756,129 | 310,263 | 222,258 | 147,173 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 756,129 | 310,263 | 222,258 | 147,173 | 0 | 0 |
| Stock & work in progress | 100,324 | 8,385 | 0 | 0 | 0 | 0 |
| Trade Debtors | 250,188 | 281,857 | 139,722 | 110,967 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 39,972 | 17,309 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 5,955 | 1,000 | 1,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 390,484 | 307,551 | 139,722 | 116,922 | 1,000 | 1,000 |
| total assets | 1,146,613 | 617,814 | 361,980 | 264,095 | 1,000 | 1,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 325,251 | 276,258 | 239,115 | 206,382 | 1,400 | 250 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 325,251 | 276,258 | 239,115 | 206,382 | 1,400 | 250 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 542,704 | 137,151 | 68,118 | 29,085 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 542,704 | 137,151 | 68,118 | 29,085 | 0 | 0 |
| total liabilities | 867,955 | 413,409 | 307,233 | 235,467 | 1,400 | 250 |
| net assets | 278,658 | 204,405 | 54,747 | 28,628 | -400 | 750 |
| total shareholders funds | 278,658 | 204,405 | 54,747 | 28,628 | -400 | 750 |
| Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 159,151 | 68,875 | 45,248 | 26,216 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 91,939 | 8,385 | 0 | 0 | 0 | 0 |
| Debtors | -9,006 | 159,444 | 28,755 | 110,967 | 0 | 0 |
| Creditors | 48,993 | 37,143 | 32,733 | 204,982 | 1,150 | 250 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 405,553 | 69,033 | 39,033 | 29,085 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | -5,955 | 4,955 | 0 | 1,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -5,955 | 4,955 | 0 | 1,000 |
mg networks ltd Credit Report and Business Information
Mg Networks Ltd Competitor Analysis
Perform a competitor analysis for mg networks ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in LN1 area or any other competitors across 12 key performance metrics.
mg networks ltd Ownership
MG NETWORKS LTD group structure
Mg Networks Ltd has no subsidiary companies.
Ultimate parent company
MG NETWORKS LTD
06877716
mg networks ltd directors
Mg Networks Ltd currently has 1 director, Mr Gerard McGirr serving since Apr 2009.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gerard McGirr | United Kingdom | 56 years | Apr 2009 | - | Director |
P&L
April 2015turnover
934.7k
+4%
operating profit
92.8k
0%
gross margin
23.6%
+5.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2015net assets
278.7k
+0.36%
total assets
1.1m
+0.86%
cash
0
0%
net assets
Total assets minus all liabilities
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mg networks ltd company details
company number
06877716
Type
Private limited with Share Capital
industry
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
April 2009
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
April 2015
previous names
mg plant services ltd (April 2011)
accountant
-
auditor
-
address
22 ashfield, sturton by stowe, lincoln, LN1 2BN
Bank
-
Legal Advisor
-
mg networks 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 found 2 charges/mortgages relating to mg networks ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
mg networks ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MG NETWORKS LTD. This can take several minutes, an email will notify you when this has completed.
mg networks ltd Companies House Filings - See Documents
| date | description | view/download |
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