Mg Cooling Services Limited

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mg cooling services limited Company Information

Company Number

07664725

Next Accounts

Dec 2025

Directors

Matthew Grocott

Jordan Grocott

Shareholders

mr matthew grocott

Group Structure

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Industry

Manufacture of non-domestic cooling and ventilation equipment

Registered Address

lifford hall lifford lane, kings norton, birmingham, west midlands, B30 3JN

Website

mg cooling services limited Estimated Valuation

£631.5k

Pomanda estimates the enterprise value of MG COOLING SERVICES LIMITED at £631.5k based on a Turnover of £905.6k and 0.7x industry multiple (adjusted for size and gross margin).

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Mg Cooling Services Limited is a live company located in birmingham, B30 3JN with a Companies House number of 07664725. It operates in the manufacture of non-domestic cooling and ventilation equipment sector, SIC Code 28250. Founded in June 2011, it's largest shareholder is mr matthew grocott with a 100% stake. Mg Cooling Services Limited is a established, small sized company, Pomanda has estimated its turnover at £905.6k with high growth in recent years.

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Pomanda's financial health check has awarded Mg Cooling Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £905.6k, make it smaller than the average company (£20.4m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7.8%)

EXPORT

Mg Cooling Services Limited's latest turnover from March 2024 is estimated at £905.6 thousand and the company has net assets of £7.6 thousand. According to their latest financial statements, Mg Cooling Services Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Turnover	905,631	750,005	782,090	573,271	613,024	450,041	601,405	425,035	524,486	283,553	270,143	201,702	140,760
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	712,443	610,183	647,335	474,153	500,833	372,154	519,841	347,937	419,674	226,767	213,345	154,973	109,481
Gross Profit	193,187	139,822	134,755	99,118	112,191	77,887	81,565	77,098	104,813	56,786	56,798	46,729	31,279
Admin Expenses	135,986	176,152	134,328	98,516	66,407	125,620	74,362	76,428	103,292	55,539	56,706	48,860	25,640
Operating Profit	57,201	-36,330	427	602	45,784	-47,733	7,203	670	1,521	1,247	92	-2,131	5,639
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	54	44	1	0	0	21	14	0	0	1	4	4	1
Pre-Tax Profit	57,255	-36,286	428	602	45,784	-47,712	7,217	670	1,521	1,248	96	-2,127	5,641
Tax	-14,314	0	-81	-114	-8,699	0	-1,371	-134	-304	-262	-22	0	-1,467
Profit After Tax	42,941	-36,286	347	488	37,085	-47,712	5,846	536	1,217	986	74	-2,127	4,174
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	42,941	-36,286	347	488	37,085	-47,712	5,846	536	1,217	986	74	-2,127	4,174
Employee Costs	270,961	267,279	257,262	207,914	81,142	80,491	76,143	36,110	36,635	72,330	68,195	66,101	32,922
Number Of Employees	6	6	6	5	2	2	2	1	1	2	2	2	1
EBITDA*	59,513	-33,467	4,006	8,304	52,252	-39,645	17,040	12,967	15,194	3,932	2,554	408	8,544

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Tangible Assets	9,248	11,452	14,315	30,806	25,878	32,346	39,353	49,190	54,688	10,743	9,845	10,159	11,618
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	9,248	11,452	14,315	30,806	25,878	32,346	39,353	49,190	54,688	10,743	9,845	10,159	11,618
Stock & work in progress	65,942	90,402	90,000	99,684	81,795	103,214	102,403	97,224	52,392	4,557	4,471	5,459	4,950
Trade Debtors	271,018	205,156	248,398	153,757	223,773	92,548	182,009	104,062	170,537	85,903	86,990	57,972	43,822
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	2,061	0	359	0	0	5,550	0	0	0	483	1,082	479
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	336,960	297,619	338,398	253,800	305,568	195,762	289,962	201,286	222,929	90,460	91,944	64,513	49,251
total assets	346,208	309,071	352,713	284,606	331,446	228,108	329,315	250,476	277,617	101,203	101,789	74,672	60,869
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	321,066	269,816	251,252	240,992	312,807	242,422	283,618	245,615	273,292	98,095	99,667	72,624	54,491
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	2,203
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	321,066	269,816	251,252	240,992	312,807	242,422	283,618	245,615	273,292	98,095	99,667	72,624	56,694
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	17,572	74,626	100,546	43,046	18,559	22,691	34,990	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	17,572	74,626	100,546	43,046	18,559	22,691	34,990	0	0	0	0	0	0
total liabilities	338,638	344,442	351,798	284,038	331,366	265,113	318,608	245,615	273,292	98,095	99,667	72,624	56,694
net assets	7,570	-35,371	915	568	80	-37,005	10,707	4,861	4,325	3,108	2,122	2,048	4,175
total shareholders funds	7,570	-35,371	915	568	80	-37,005	10,707	4,861	4,325	3,108	2,122	2,048	4,175

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	57,201	-36,330	427	602	45,784	-47,733	7,203	670	1,521	1,247	92	-2,131	5,639
Depreciation	2,312	2,863	3,579	7,702	6,468	8,088	9,837	12,297	13,673	2,685	2,462	2,539	2,905
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-14,314	0	-81	-114	-8,699	0	-1,371	-134	-304	-262	-22	0	-1,467
Stock	-24,460	402	-9,684	17,889	-21,419	811	5,179	44,832	47,835	86	-988	509	4,950
Debtors	65,862	-43,242	94,641	-70,016	131,225	-89,461	77,947	-66,475	84,634	-1,087	29,018	14,150	43,822
Creditors	51,250	18,564	10,260	-71,815	70,385	-41,196	38,003	-27,677	175,197	-1,572	27,043	18,133	54,491
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	55,047	27,937	-70,772	-11,498	4,132	7,809	-29,454	6,799	57,618	3,099	1,545	3,882	12,796
Investing Activities
capital expenditure	-108	0	12,912	-12,630	0	-1,081	0	-6,799	-57,618	-3,583	-2,148	-1,080	-14,523
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-108	0	12,912	-12,630	0	-1,081	0	-6,799	-57,618	-3,583	-2,148	-1,080	-14,523
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	-2,203	2,203
other long term liabilities	-57,054	-25,920	57,500	24,487	-4,132	-12,299	34,990	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	54	44	1	0	0	21	14	0	0	1	4	4	1
cash flow from financing	-57,000	-25,876	57,501	24,487	-4,132	-12,278	35,004	0	0	1	4	-2,199	2,205
cash and cash equivalents
cash	-2,061	2,061	-359	359	0	-5,550	5,550	0	0	-483	-599	603	479
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-2,061	2,061	-359	359	0	-5,550	5,550	0	0	-483	-599	603	479

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MG COOLING SERVICES LIMITED group structure

Mg Cooling Services Limited has no subsidiary companies.

Ultimate parent company

MG COOLING SERVICES LIMITED

07664725

MG COOLING SERVICES LIMITED Shareholders

mr matthew grocott

100%

Mg Cooling Services Limited currently has 2 directors. The longest serving directors include Mr Matthew Grocott (Jun 2011) and Mr Jordan Grocott (Sep 2024).

officer	country	age	start	end	role
Mr Matthew Grocott	England	50 years	Jun 2011	-	Director
Mr Jordan Grocott		24 years	Sep 2024	-	Director

P&L

March 2024

turnover

905.6k

+21%

operating profit

57.2k

gross margin

21.4%

+14.42%

turnover

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

Balance Sheet

March 2024

net assets

7.6k

-1.21%

total assets

346.2k

+0.12%

cash

-1%

net assets

Total assets minus all liabilities

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3.5

company number

07664725

Type

Private limited with Share Capital

industry

28250 - Manufacture of non-domestic cooling and ventilation equipment

incorporation date

June 2011

ultimate parent company

None

previous names

N/A

address

lifford hall lifford lane, kings norton, birmingham, west midlands, B30 3JN

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mg cooling services limited Company Information

mg cooling services limited Estimated Valuation

mg cooling services limited Estimated Valuation

mg cooling services limited Estimated Valuation

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