mge corporation ltd
mge corporation ltd Company Information
Company Number
08471165
Website
mgegroup.netRegistered Address
20-22 wenlock road, london, N1 7GU
Industry
Wholesale trade of motor vehicle parts and accessories
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Directors
Stephen Miller3 Years
Shareholders
mge investments ltd 100%
mge corporation ltd Estimated Valuation
Pomanda estimates the enterprise value of MGE CORPORATION LTD at £103k based on a Turnover of £411.4k and 0.25x industry multiple (adjusted for size and gross margin).
mge corporation ltd Estimated Valuation
Pomanda estimates the enterprise value of MGE CORPORATION LTD at £0 based on an EBITDA of £-16.9k and a 3.03x industry multiple (adjusted for size and gross margin).
mge corporation ltd Estimated Valuation
Pomanda estimates the enterprise value of MGE CORPORATION LTD at £0 based on Net Assets of £-161k and 2.51x industry multiple (adjusted for liquidity).
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Mge Corporation Ltd Overview
Mge Corporation Ltd is a live company located in london, N1 7GU with a Companies House number of 08471165. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in April 2013, it's largest shareholder is mge investments ltd with a 100% stake. Mge Corporation Ltd is a established, micro sized company, Pomanda has estimated its turnover at £411.4k with high growth in recent years.
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Mge Corporation Ltd Health Check
Pomanda's financial health check has awarded Mge Corporation 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 £411.4k, make it smaller than the average company (£15.7m)
- Mge Corporation Ltd
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (6.4%)
- Mge Corporation Ltd
6.4% - Industry AVG
Production
with a gross margin of 28.7%, this company has a comparable cost of product (28.7%)
- Mge Corporation Ltd
28.7% - Industry AVG
Profitability
an operating margin of -4.1% make it less profitable than the average company (5.2%)
- Mge Corporation Ltd
5.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (53)
1 - Mge Corporation Ltd
53 - Industry AVG
Pay Structure
on an average salary of £34.3k, the company has an equivalent pay structure (£34.3k)
- Mge Corporation Ltd
£34.3k - Industry AVG
Efficiency
resulting in sales per employee of £411.4k, this is more efficient (£270k)
- Mge Corporation Ltd
£270k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (55 days)
- Mge Corporation Ltd
55 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mge Corporation Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mge Corporation Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (7 weeks)
1 weeks - Mge Corporation Ltd
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 307.4%, this is a higher level of debt than the average (49.6%)
307.4% - Mge Corporation Ltd
49.6% - Industry AVG
MGE CORPORATION LTD financials
Mge Corporation Ltd's latest turnover from June 2023 is estimated at £411.4 thousand and the company has net assets of -£161 thousand. According to their latest financial statements, Mge Corporation Ltd has 1 employee and maintains cash reserves of £1.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 46,994 | |||||||||
| Other Income Or Grants | 0 | |||||||||
| Cost Of Sales | 79,642 | |||||||||
| Gross Profit | -32,648 | |||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | 0 | |||||||||
| Interest Receivable | 0 | |||||||||
| Pre-Tax Profit | -200,542 | |||||||||
| Tax | 0 | |||||||||
| Profit After Tax | -200,542 | |||||||||
| Dividends Paid | 0 | |||||||||
| Retained Profit | -200,542 | |||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 75,145 | 77,604 | 54,232 | 0 | 0 | 0 | 0 | 17,531 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 566 | 566 | 678 | 7,505 | 1 | 0 | 0 | 0 | 16,180 | 0 |
| Cash | 1,949 | 100,525 | 1,494 | 17,763 | 0 | 0 | 0 | 18,139 | 18,139 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 77,660 | 178,695 | 56,404 | 25,268 | 1 | 0 | 0 | 35,670 | 34,319 | 0 |
| total assets | 77,660 | 178,695 | 56,404 | 25,268 | 1 | 0 | 0 | 35,670 | 34,319 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 245,795 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,166 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 54,039 | 102,351 | 27,411 | 28,462 | 0 | 0 | 0 | 0 | 195,694 | 0 |
| total current liabilities | 54,039 | 102,351 | 27,411 | 28,462 | 0 | 0 | 0 | 245,795 | 234,860 | 0 |
| loans | 184,665 | 201,829 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 184,665 | 201,829 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 238,704 | 304,180 | 27,411 | 28,462 | 0 | 0 | 0 | 245,795 | 234,860 | 0 |
| net assets | -161,044 | -125,485 | 28,993 | -3,194 | 1 | 0 | 0 | -210,125 | -200,541 | 0 |
| total shareholders funds | -161,044 | -125,485 | 28,993 | -3,194 | 1 | 0 | 0 | -210,125 | -200,541 | 0 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | 0 | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,459 | 23,260 | 47,405 | 7,504 | 1 | 0 | -17,531 | 1,351 | 16,180 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | -245,795 | 245,795 | 0 | 0 |
| Accruals and Deferred Income | -48,312 | 74,940 | -1,051 | 28,462 | 0 | 0 | 0 | -195,694 | 195,694 | 0 |
| Deferred Taxes & Provisions | 0 | 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 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -39,166 | 39,166 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -17,164 | 201,829 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | |||||||||
| cash flow from financing | 39,167 | |||||||||
| cash and cash equivalents | ||||||||||
| cash | -98,576 | 99,031 | -16,269 | 17,763 | 0 | 0 | -18,139 | 0 | 18,139 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -98,576 | 99,031 | -16,269 | 17,763 | 0 | 0 | -18,139 | 0 | 18,139 | 0 |
mge corporation ltd Credit Report and Business Information
Mge Corporation Ltd Competitor Analysis
Perform a competitor analysis for mge corporation ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in N 1 area or any other competitors across 12 key performance metrics.
mge corporation ltd Ownership
MGE CORPORATION LTD group structure
Mge Corporation Ltd has no subsidiary companies.
mge corporation ltd directors
Mge Corporation Ltd currently has 1 director, Mr Stephen Miller serving since Feb 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Miller | England | 61 years | Feb 2021 | - | Director |
P&L
June 2023turnover
411.4k
-3%
operating profit
-16.9k
0%
gross margin
28.8%
+2.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-161k
+0.28%
total assets
77.7k
-0.57%
cash
1.9k
-0.98%
net assets
Total assets minus all liabilities
Similar Companies
mge corporation ltd company details
company number
08471165
Type
Private limited with Share Capital
industry
45310 - Wholesale trade of motor vehicle parts and accessories
incorporation date
April 2013
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
20-22 wenlock road, london, N1 7GU
Bank
-
Legal Advisor
-
mge corporation 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 mge corporation ltd.
mge corporation ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
