mc1r limited
mc1r limited Company Information
Company Number
08785857
Website
https://mc1r-magazine.comRegistered Address
2nd floor, northumberland house, 303-306 high holborn, london, WC1V 7JZ
Industry
Sound recording and music publishing activities
Telephone
-
Next Accounts Due
August 2024
Group Structure
View All
Directors
Michael Stirton10 Years
Shareholders
michael stirton 100%
mc1r limited Estimated Valuation
Pomanda estimates the enterprise value of MC1R LIMITED at £469k based on a Turnover of £797.9k and 0.59x industry multiple (adjusted for size and gross margin).
mc1r limited Estimated Valuation
Pomanda estimates the enterprise value of MC1R LIMITED at £0 based on an EBITDA of £-76.9k and a 2.6x industry multiple (adjusted for size and gross margin).
mc1r limited Estimated Valuation
Pomanda estimates the enterprise value of MC1R LIMITED at £475.9k based on Net Assets of £409.9k and 1.16x industry multiple (adjusted for liquidity).
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Mc1r Limited Overview
Mc1r Limited is a live company located in london, WC1V 7JZ with a Companies House number of 08785857. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in November 2013, it's largest shareholder is michael stirton with a 100% stake. Mc1r Limited is a established, small sized company, Pomanda has estimated its turnover at £797.9k with declining growth in recent years.
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Mc1r Limited Health Check
Pomanda's financial health check has awarded Mc1R Limited a 4.5 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
4 Strong
2 Regular
5 Weak
Size
annual sales of £797.9k, make it larger than the average company (£370.3k)
- Mc1r Limited
£370.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (8.1%)
- Mc1r Limited
8.1% - Industry AVG
Production
with a gross margin of 43.2%, this company has a comparable cost of product (43.2%)
- Mc1r Limited
43.2% - Industry AVG
Profitability
an operating margin of -9.7% make it less profitable than the average company (8.6%)
- Mc1r Limited
8.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Mc1r Limited
3 - Industry AVG
Pay Structure
on an average salary of £39.4k, the company has an equivalent pay structure (£39.4k)
- Mc1r Limited
£39.4k - Industry AVG
Efficiency
resulting in sales per employee of £398.9k, this is more efficient (£114.4k)
- Mc1r Limited
£114.4k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (39 days)
- Mc1r Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (46 days)
- Mc1r Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mc1r Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 85 weeks, this is more cash available to meet short term requirements (43 weeks)
85 weeks - Mc1r Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.4%, this is a lower level of debt than the average (73.5%)
28.4% - Mc1r Limited
73.5% - Industry AVG
MC1R LIMITED financials
Mc1R Limited's latest turnover from November 2022 is estimated at £797.9 thousand and the company has net assets of £409.9 thousand. According to their latest financial statements, Mc1R Limited has 2 employees and maintains cash reserves of £218.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 632,623 | 409,664 | |||||||
| Other Income Or Grants | 0 | 0 | |||||||
| Cost Of Sales | 2,575 | 961 | |||||||
| Gross Profit | 630,048 | 408,703 | |||||||
| Admin Expenses | 270,559 | 180,325 | |||||||
| Operating Profit | 359,489 | 228,378 | |||||||
| Interest Payable | 0 | 0 | |||||||
| Interest Receivable | 0 | 0 | |||||||
| Pre-Tax Profit | 359,489 | 228,378 | |||||||
| Tax | -70,134 | -36,278 | |||||||
| Profit After Tax | 289,355 | 192,100 | |||||||
| Dividends Paid | 34,087 | 28,500 | |||||||
| Retained Profit | 255,268 | 163,600 | |||||||
| Employee Costs | 56,001 | 28,224 | |||||||
| Number Of Employees | 2 | 2 | 3 | 3 | 3 | 3 | 2 | ||
| EBITDA* | 387,652 | 256,374 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 639 | 1,278 | 6,672 | 12,669 | 11,595 | 5,266 | 5,873 | 6,543 | 8,790 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 25,400 | 50,800 | 76,200 | 101,600 |
| 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 | 639 | 1,278 | 6,672 | 12,669 | 11,595 | 30,666 | 56,673 | 82,743 | 110,390 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 171,555 | 85,037 | 84,291 | 337,104 | 666,037 | 290,179 | 140,799 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 181,707 | 145,718 | 456,509 | 92,705 | 0 | 0 | 0 | 0 | 0 |
| Cash | 218,199 | 638,390 | 52,189 | 50,143 | 0 | 258,238 | 94,845 | 12,308 | 11,251 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 571,461 | 869,145 | 592,989 | 479,952 | 666,037 | 548,417 | 235,644 | 12,308 | 11,251 |
| total assets | 572,100 | 870,423 | 599,661 | 492,621 | 677,632 | 579,083 | 292,317 | 95,051 | 121,641 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 10,479 | 9,809 | 1,463 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,484 | 844 | 0 | 2,440 | 98,621 | 95,662 | 64,164 | 10,392 | 12,395 |
| 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 | 116,011 | 342,082 | 63,876 | 51,865 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 131,974 | 352,735 | 65,339 | 54,305 | 98,621 | 95,662 | 64,164 | 10,392 | 12,395 |
| loans | 30,211 | 39,044 | 48,853 | 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 | 846 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 34,971 | 69,344 | 69,344 | 89,450 | 130,390 |
| provisions | 0 | 0 | 0 | 0 | 157 | 0 | 0 | 0 | 0 |
| total long term liabilities | 30,211 | 39,044 | 48,853 | 0 | 35,974 | 69,344 | 69,344 | 89,450 | 130,390 |
| total liabilities | 162,185 | 391,779 | 114,192 | 54,305 | 134,595 | 165,006 | 133,508 | 99,842 | 142,785 |
| net assets | 409,915 | 478,644 | 485,469 | 438,316 | 543,037 | 414,077 | 158,809 | -4,791 | -21,144 |
| total shareholders funds | 409,915 | 478,644 | 485,469 | 438,316 | 543,037 | 414,077 | 158,809 | -4,791 | -21,144 |
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 359,489 | 228,378 | |||||||
| Depreciation | 639 | 5,394 | 8,553 | 2,763 | 2,596 | 2,423 | 1,842 | ||
| Amortisation | 0 | 0 | 0 | 25,400 | 25,400 | 25,400 | 25,400 | ||
| Tax | -70,134 | -36,278 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 122,507 | -310,045 | 110,991 | -236,228 | 375,858 | 149,380 | 140,799 | 0 | 0 |
| Creditors | 4,640 | 844 | -2,440 | -96,181 | 2,959 | 31,498 | 53,772 | -2,003 | 12,395 |
| Accruals and Deferred Income | -226,071 | 278,206 | 12,011 | 51,019 | 846 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -157 | 157 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 199,636 | 133,069 | |||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 670 | 8,346 | 1,463 | 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 | -8,833 | -9,809 | 48,853 | 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 | -34,971 | -34,373 | 0 | -20,106 | -40,940 | 130,390 |
| share issue | |||||||||
| interest | 0 | 0 | |||||||
| cash flow from financing | 0 | -20,106 | |||||||
| cash and cash equivalents | |||||||||
| cash | -420,191 | 586,201 | 2,046 | 50,143 | -258,238 | 163,393 | 82,537 | 1,057 | 11,251 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -420,191 | 586,201 | 2,046 | 50,143 | -258,238 | 163,393 | 82,537 | 1,057 | 11,251 |
mc1r limited Credit Report and Business Information
Mc1r Limited Competitor Analysis
Perform a competitor analysis for mc1r limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mc1r limited Ownership
MC1R LIMITED group structure
Mc1R Limited has no subsidiary companies.
Ultimate parent company
MC1R LIMITED
08785857
mc1r limited directors
Mc1R Limited currently has 1 director, Mr Michael Stirton serving since Nov 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Stirton | United Kingdom | 47 years | Nov 2013 | - | Director |
P&L
November 2022turnover
797.9k
+141%
operating profit
-77.5k
0%
gross margin
43.2%
+3.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2022net assets
409.9k
-0.14%
total assets
572.1k
-0.34%
cash
218.2k
-0.66%
net assets
Total assets minus all liabilities
Similar Companies
mc1r limited company details
company number
08785857
Type
Private limited with Share Capital
industry
59200 - Sound recording and music publishing activities
incorporation date
November 2013
age
11
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
2nd floor, northumberland house, 303-306 high holborn, london, WC1V 7JZ
last accounts submitted
November 2022
mc1r limited 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 mc1r limited.
mc1r limited Companies House Filings - See Documents
| date | description | view/download |
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