mgn legal services ltd
mgn legal services ltd Company Information
Company Number
07144015
Next Accounts
Nov 2024
Industry
Activities of patent and copyright agents; other legal activities (other than those of barristers and solicitors) n.e.c.
Directors
Shareholders
s. nicklin
mark george nicklin
Group Structure
View All
Contact
Registered Address
275 king geroge road, south shields, tyne & wear, NE34 8PN
Website
-mgn legal services ltd Estimated Valuation
Pomanda estimates the enterprise value of MGN LEGAL SERVICES LTD at £38.5k based on a Turnover of £49.8k and 0.77x industry multiple (adjusted for size and gross margin).
mgn legal services ltd Estimated Valuation
Pomanda estimates the enterprise value of MGN LEGAL SERVICES LTD at £0 based on an EBITDA of £-998 and a 5.05x industry multiple (adjusted for size and gross margin).
mgn legal services ltd Estimated Valuation
Pomanda estimates the enterprise value of MGN LEGAL SERVICES LTD at £107 based on Net Assets of £67 and 1.6x industry multiple (adjusted for liquidity).
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Mgn Legal Services Ltd Overview
Mgn Legal Services Ltd is a dissolved company that was located in tyne & wear, NE34 8PN with a Companies House number of 07144015. It operated in the activities of patent and copyright agents sector, SIC Code 69109. Founded in February 2010, it's largest shareholder was s. nicklin with a 50% stake. The last turnover for Mgn Legal Services Ltd was estimated at £49.8k.
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Mgn Legal Services Ltd Health Check
Pomanda's financial health check has awarded Mgn Legal Services Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £49.8k, make it smaller than the average company (£348.4k)
- Mgn Legal Services Ltd
£348.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6%)
- Mgn Legal Services Ltd
6% - Industry AVG
Production
with a gross margin of 66.2%, this company has a comparable cost of product (66.2%)
- Mgn Legal Services Ltd
66.2% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (10.7%)
- Mgn Legal Services Ltd
10.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (8)
1 - Mgn Legal Services Ltd
8 - Industry AVG
Pay Structure
on an average salary of £29.3k, the company has an equivalent pay structure (£29.3k)
- Mgn Legal Services Ltd
£29.3k - Industry AVG
Efficiency
resulting in sales per employee of £49.8k, this is less efficient (£69.6k)
- Mgn Legal Services Ltd
£69.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mgn Legal Services Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (45 days)
- Mgn Legal Services Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mgn Legal Services Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 50 weeks, this is more cash available to meet short term requirements (39 weeks)
50 weeks - Mgn Legal Services Ltd
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.8%, this is a higher level of debt than the average (54.7%)
98.8% - Mgn Legal Services Ltd
54.7% - Industry AVG
MGN LEGAL SERVICES LTD financials
Mgn Legal Services Ltd's latest turnover from February 2019 is estimated at £49.8 thousand and the company has net assets of £67. According to their latest financial statements, Mgn Legal Services Ltd has 1 employee and maintains cash reserves of £5.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 179 | 267 | 398 | 593 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 179 | 267 | 398 | 593 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 2,501 | 5,793 | 3,876 | 4,013 | 3,389 | 3,086 | 2,194 | 5,338 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 5,524 | 3,454 | 0 | 3,360 | 916 | 753 | 681 | 3,329 | 654 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,524 | 5,955 | 5,793 | 7,236 | 4,929 | 4,142 | 3,767 | 5,523 | 5,992 |
| total assets | 5,703 | 6,222 | 6,191 | 7,829 | 4,929 | 4,142 | 3,767 | 5,523 | 5,992 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1 | 0 | 6,157 | 7,799 | 4,872 | 4,051 | 3,677 | 5,510 | 5,981 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,635 | 5,102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 5,636 | 5,102 | 6,157 | 7,799 | 4,872 | 4,051 | 3,677 | 5,510 | 5,981 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 5,636 | 5,102 | 6,157 | 7,799 | 4,872 | 4,051 | 3,677 | 5,510 | 5,981 |
| net assets | 67 | 1,120 | 34 | 30 | 57 | 91 | 90 | 13 | 11 |
| total shareholders funds | 67 | 1,120 | 34 | 30 | 57 | 91 | 90 | 13 | 11 |
| Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 88 | 292 | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,501 | -3,292 | 1,917 | -137 | 624 | 303 | 892 | -3,144 | 5,338 |
| Creditors | 1 | -6,157 | -1,642 | 2,927 | 821 | 374 | -1,833 | -471 | 5,981 |
| Accruals and Deferred Income | 533 | 5,102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 2,070 | 3,454 | -3,360 | 2,444 | 163 | 72 | -2,648 | 2,675 | 654 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,070 | 3,454 | -3,360 | 2,444 | 163 | 72 | -2,648 | 2,675 | 654 |
mgn legal services ltd Credit Report and Business Information
Mgn Legal Services Ltd Competitor Analysis
Perform a competitor analysis for mgn legal services ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in NE34 area or any other competitors across 12 key performance metrics.
mgn legal services ltd Ownership
MGN LEGAL SERVICES LTD group structure
Mgn Legal Services Ltd has no subsidiary companies.
Ultimate parent company
MGN LEGAL SERVICES LTD
07144015
mgn legal services ltd directors
Mgn Legal Services Ltd currently has 1 director, Mr Mark Nicklin serving since Feb 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Nicklin | United Kingdom | 56 years | Feb 2010 | - | Director |
P&L
February 2019turnover
49.8k
+16%
operating profit
-1.1k
0%
gross margin
66.2%
+23.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2019net assets
67
-0.94%
total assets
5.7k
-0.08%
cash
5.5k
+0.6%
net assets
Total assets minus all liabilities
mgn legal services ltd company details
company number
07144015
Type
Private limited with Share Capital
industry
69109 - Activities of patent and copyright agents; other legal activities (other than those of barristers and solicitors) n.e.c.
incorporation date
February 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2019
previous names
N/A
accountant
-
auditor
-
address
275 king geroge road, south shields, tyne & wear, NE34 8PN
Bank
-
Legal Advisor
-
mgn legal services 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 mgn legal services ltd.
mgn legal services ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
