Msg Bike Gear Limited

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msg bike gear limited Company Information

Live

EstablishedSmallDeclining

Company Number

07719910

Next Accounts

Apr 2025

Industry

Retail sale via mail order houses or via Internet

Directors

David Dawson

Joyce Sutcliffe-Dawson

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Shareholders

david michael dawson

Group Structure

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Contact

Registered Address

newsham hall aislaby, eaglescliffe, stockton on tees, TS16 0QS

Website

www.msgbikegear.co.uk

msg bike gear limited Estimated Valuation

£457k

Pomanda estimates the enterprise value of MSG BIKE GEAR LIMITED at £457k based on a Turnover of £1.5m and 0.3x industry multiple (adjusted for size and gross margin).

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Msg Bike Gear Limited is a live company located in stockton on tees, TS16 0QS with a Companies House number of 07719910. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in July 2011, it's largest shareholder is david michael dawson with a 100% stake. Msg Bike Gear Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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

Health Rating3.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £1.5m, make it larger than the average company (£343.4k)

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (5.6%)

EXPORT

Msg Bike Gear Limited's latest turnover from July 2023 is estimated at £1.5 million and the company has net assets of £121.5 thousand. According to their latest financial statements, Msg Bike Gear Limited has 8 employees and maintains cash reserves of £38.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Turnover	1,539,290	1,941,936	2,697,824	3,223,821	3,798,093	3,112,774	2,060,348	905,219	518,214	313,839	334,894	260,520
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	975,748	1,223,005	1,714,315	2,076,259	2,338,084	1,924,604	1,274,844	558,635	311,991	189,001	195,177	157,887
Gross Profit	563,542	718,931	983,510	1,147,562	1,460,008	1,188,170	785,504	346,584	206,223	124,838	139,716	102,633
Admin Expenses	539,791	679,829	1,088,150	1,131,686	1,433,254	1,127,972	721,333	348,732	152,264	111,183	127,049	100,014
Operating Profit	23,751	39,102	-104,640	15,876	26,754	60,198	64,171	-2,148	53,959	13,655	12,667	2,619
Interest Payable	1,657	1,092	0	0	11,773	13,572	2,149	0	0	0	0	0
Interest Receivable	968	7	23	25	362	271	141	401	264	112	27	16
Pre-Tax Profit	23,061	38,017	-104,617	15,901	15,342	46,896	62,163	-1,747	54,223	13,767	12,694	2,636
Tax	-5,765	-7,223	0	-3,021	-2,915	-8,910	-11,811	0	-10,844	-2,891	-2,920	-633
Profit After Tax	17,296	30,794	-104,617	12,880	12,427	37,986	50,352	-1,747	43,378	10,876	9,774	2,003
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	17,296	30,794	-104,617	12,880	12,427	37,986	50,352	-1,747	43,378	10,876	9,774	2,003
Employee Costs	216,923	245,192	324,267	437,824	524,949	483,629	394,503	137,991	81,708	55,237	52,959	51,049
Number Of Employees	8	9	12	17	19	16	14	5	3	2	2	2
EBITDA*	32,699	46,794	-96,548	26,014	39,493	72,504	77,757	2,859	56,149	16,573	13,341	3,645

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Tangible Assets	67,977	65,305	67,616	74,860	84,579	95,434	91,027	92,076	23,793	8,832	3,817	3,423
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	67,977	65,305	67,616	74,860	84,579	95,434	91,027	92,076	23,793	8,832	3,817	3,423
Stock & work in progress	785,551	902,838	868,605	1,067,263	1,330,447	870,000	480,500	220,000	160,012	98,796	100,027	91,274
Trade Debtors	60,171	0	0	0	0	0	0	13,378	3,749	2,221	0	3,516
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11,137	32,476	113,854	127,672	89,672	104,316	35,000	0	0	0	0	0
Cash	38,505	200	980	44,714	5,039	91,385	16,815	95,618	64,710	40,696	4,103	6,527
misc current assets	0	0	0	0	0	0	0	1,265	0	0	0	0
total current assets	895,364	935,514	983,439	1,239,649	1,425,158	1,065,701	532,315	330,261	228,471	141,713	104,130	101,317
total assets	963,341	1,000,819	1,051,055	1,314,509	1,509,737	1,161,135	623,342	422,337	252,264	150,545	107,947	104,740
Bank overdraft	0	30,133	0	0	0	233,403	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	296,635	269,282	479,008	562,358	724,542	566,290	393,008	288,936	186,133	112,176	66,592	86,111
Group/Directors Accounts	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
hp & lease commitments	0	0	8,205	906	906	0	0	0	0	0	0	0
other current liabilities	415,701	388,031	254,204	291,104	224,343	60,885	28,607	0	0	0	0	0
total current liabilities	712,336	687,446	741,417	854,368	949,791	860,578	421,615	288,936	186,133	112,176	66,592	86,111
loans	0	0	0	0	0	115,438	68,768	0	0	0	0	0
hp & lease commitments	0	0	0	8,205	9,111	10,999	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	116,587	196,759	223,379	259,684	363,930	0	0	69,017	0	15,616	29,478	16,526
provisions	12,916	12,408	12,847	14,223	21,756	21,398	18,223	0	0	0	0	0
total long term liabilities	129,503	209,167	236,226	282,112	394,797	147,835	86,991	69,017	0	15,616	29,478	16,526
total liabilities	841,839	896,613	977,643	1,136,480	1,344,588	1,008,413	508,606	357,953	186,133	127,792	96,070	102,637
net assets	121,502	104,206	73,412	178,029	165,149	152,722	114,736	64,384	66,131	22,753	11,877	2,103
total shareholders funds	121,502	104,206	73,412	178,029	165,149	152,722	114,736	64,384	66,131	22,753	11,877	2,103

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012
Operating Activities
Operating Profit	23,751	39,102	-104,640	15,876	26,754	60,198	64,171	-2,148	53,959	13,655	12,667	2,619
Depreciation	8,948	7,692	8,092	10,138	12,739	12,306	13,586	5,007	2,190	2,918	674	1,026
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-5,765	-7,223	0	-3,021	-2,915	-8,910	-11,811	0	-10,844	-2,891	-2,920	-633
Stock	-117,287	34,233	-198,658	-263,184	460,447	389,500	260,500	59,988	61,216	-1,231	8,753	91,274
Debtors	38,832	-81,378	-13,818	38,000	-14,644	69,316	21,622	9,629	1,528	2,221	-3,516	3,516
Creditors	27,353	-209,726	-83,350	-162,184	158,252	173,282	104,072	102,803	73,957	45,584	-19,519	86,111
Accruals and Deferred Income	27,670	133,827	-36,900	66,761	163,458	32,278	28,607	0	0	0	0	0
Deferred Taxes & Provisions	508	-439	-1,376	-7,533	358	3,175	18,223	0	0	0	0	0
Cash flow from operations	160,920	10,378	-5,698	145,221	-87,157	-186,487	-65,274	36,045	56,518	58,276	-14,335	-5,667
Investing Activities
capital expenditure	-11,620	-5,381	-848	-419	-1,884	-16,713	-12,537	-73,290	-17,151	-7,933	-1,068	-4,449
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-11,620	-5,381	-848	-419	-1,884	-16,713	-12,537	-73,290	-17,151	-7,933	-1,068	-4,449
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	-115,438	46,670	68,768	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-8,205	-906	-906	-982	10,999	0	0	0	0	0	0
other long term liabilities	-80,172	-26,620	-36,305	-104,246	363,930	0	-69,017	69,017	-15,616	-13,862	12,952	16,526
share issue	0	0	0	0	0	0	0	0	0	0	0	100
interest	-689	-1,085	23	25	-11,411	-13,301	-2,008	401	264	112	27	16
cash flow from financing	-80,861	-35,910	-37,188	-105,127	236,099	44,368	-2,257	69,418	-15,352	-13,750	12,979	16,642
cash and cash equivalents
cash	38,305	-780	-43,734	39,675	-86,346	74,570	-78,803	30,908	24,014	36,593	-2,424	6,527
overdraft	-30,133	30,133	0	0	-233,403	233,403	0	0	0	0	0	0
change in cash	68,438	-30,913	-43,734	39,675	147,057	-158,833	-78,803	30,908	24,014	36,593	-2,424	6,527

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for msg bike gear limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in TS16 area or any other competitors across 12 key performance metrics.

MSG BIKE GEAR LIMITED group structure

Msg Bike Gear Limited has no subsidiary companies.

Ultimate parent company

MSG BIKE GEAR LIMITED

07719910

MSG BIKE GEAR LIMITED Shareholders

david michael dawson

100%

Msg Bike Gear Limited currently has 4 directors. The longest serving directors include Mr David Dawson (Jul 2011) and Mrs Joyce Sutcliffe-Dawson (May 2016).

officer	country	age	start	end	role
Mr David Dawson	England	64 years	Jul 2011	-	Director
Mrs Joyce Sutcliffe-Dawson	England	60 years	May 2016	-	Director
Mr Daniel Paxton		35 years	Apr 2023	-	Director
Mr Robert Perkins		42 years	Jul 2023	-	Director

P&L

July 2023

turnover

1.5m

-21%

operating profit

23.8k

gross margin

36.7%

-1.11%

turnover

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

Balance Sheet

July 2023

net assets

121.5k

+0.17%

total assets

963.3k

-0.04%

cash

38.5k

+191.53%

net assets

Total assets minus all liabilities

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company number

07719910

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

July 2011

ultimate parent company

None

previous names

N/A

address

newsham hall aislaby, eaglescliffe, stockton on tees, TS16 0QS

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 msg bike gear limited.

msg bike gear limited Company Information

msg bike gear limited Estimated Valuation

msg bike gear limited Estimated Valuation

msg bike gear limited Estimated Valuation

Msg Bike Gear Limited Overview

Msg Bike Gear Limited Health Check

MSG BIKE GEAR LIMITED financials

msg bike gear limited Credit Report and Business Information

Msg Bike Gear Limited Competitor Analysis

msg bike gear limited Ownership

msg bike gear limited directors

msg bike gear limited company details

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msg bike gear limited Companies House Filings - See Documents