mgfm limited Company Information
Company Number
09958804
Next Accounts
Jun 2025
Shareholders
mick george property limited
Group Structure
View All
Industry
Development of building projects
Registered Address
6 lancaster way, ermine business park, huntingdon, cambridgeshire, PE29 6XU
Website
www.mickgeorge.co.ukmgfm limited Estimated Valuation
Pomanda estimates the enterprise value of MGFM LIMITED at £243.7k based on a Turnover of £715.8k and 0.34x industry multiple (adjusted for size and gross margin).
mgfm limited Estimated Valuation
Pomanda estimates the enterprise value of MGFM LIMITED at £0 based on an EBITDA of £-1.6m and a 2.62x industry multiple (adjusted for size and gross margin).
mgfm limited Estimated Valuation
Pomanda estimates the enterprise value of MGFM LIMITED at £97 based on Net Assets of £65 and 1.49x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mgfm Limited Overview
Mgfm Limited is a live company located in huntingdon, PE29 6XU with a Companies House number of 09958804. It operates in the development of building projects sector, SIC Code 41100. Founded in January 2016, it's largest shareholder is mick george property limited with a 100% stake. Mgfm Limited is a young, small sized company, Pomanda has estimated its turnover at £715.8k with declining growth in recent years.
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Mgfm Limited Health Check
Pomanda's financial health check has awarded Mgfm Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
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1 Strong
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2 Regular
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8 Weak
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Size
annual sales of £715.8k, make it smaller than the average company (£2.2m)
- Mgfm Limited
£2.2m - Industry AVG
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Growth
3 year (CAGR) sales growth of -40%, show it is growing at a slower rate (3.5%)
- Mgfm Limited
3.5% - Industry AVG
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Production
with a gross margin of 9.6%, this company has a higher cost of product (26.4%)
- Mgfm Limited
26.4% - Industry AVG
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Profitability
an operating margin of -217.3% make it less profitable than the average company (7%)
- Mgfm Limited
7% - Industry AVG
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Employees
with 3 employees, this is below the industry average (6)
3 - Mgfm Limited
6 - Industry AVG
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Pay Structure
on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)
- Mgfm Limited
£48.1k - Industry AVG
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Efficiency
resulting in sales per employee of £238.6k, this is equally as efficient (£277.3k)
- Mgfm Limited
£277.3k - Industry AVG
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mgfm Limited
- - Industry AVG
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Creditor Days
its suppliers are paid after 127 days, this is slower than average (30 days)
- Mgfm Limited
30 days - Industry AVG
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Stock Days
it holds stock equivalent to 1391 days, this is more than average (165 days)
- Mgfm Limited
165 days - Industry AVG
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Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Mgfm Limited
13 weeks - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (72.7%)
100% - Mgfm Limited
72.7% - Industry AVG
MGFM LIMITED financials
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Mgfm Limited's latest turnover from September 2023 is estimated at £715.8 thousand and the company has net assets of £65. According to their latest financial statements, Mgfm Limited has 3 employees and maintains cash reserves of £3.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | May 2018 | May 2017 | |
---|---|---|---|---|---|---|---|
Turnover | 0 | 471,842 | 3,382,528 | 5,353,415 | 3,192,144 | 847,946 | |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
Cost Of Sales | 0 | 398,063 | 2,741,772 | 4,815,683 | 2,974,883 | 660,408 | |
Gross Profit | 0 | 73,779 | 640,756 | 537,732 | 217,261 | 187,538 | |
Admin Expenses | 346,256 | 611,107 | 451,599 | 173,250 | |||
Operating Profit | 294,500 | -73,375 | -234,338 | 14,288 | |||
Interest Payable | 0 | 0 | 10,895 | 18,947 | 9,365 | 0 | |
Interest Receivable | 0 | 0 | 0 | 1,763,003 | 0 | 0 | |
Pre-Tax Profit | 0 | -115,245 | 283,605 | 1,670,681 | -243,703 | 14,288 | |
Tax | 130 | 0 | -53,943 | -177 | -54 | -272 | |
Profit After Tax | 130 | -115,245 | 229,662 | 1,670,504 | -243,757 | 14,016 | |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |
Retained Profit | 130 | -115,245 | 229,662 | 1,670,504 | -243,757 | 14,016 | |
Employee Costs | 0 | ||||||
Number Of Employees | 3 | 4 | 8 | 31 | 37 | 16 | |
EBITDA* | 300,859 | -67,899 | -232,442 | 14,288 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | May 2018 | May 2017 | |
---|---|---|---|---|---|---|---|
Tangible Assets | 6,530,307 | 0 | 0 | 24,056 | 28,996 | 16,787 | 18,683 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 1,329,833 | 1,329,833 | 1,329,833 | 1,329,833 | 1,329,833 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 6,530,307 | 1,329,833 | 1,329,833 | 1,353,889 | 1,358,829 | 1,346,620 | 18,683 |
Stock & work in progress | 2,467,628 | 0 | 0 | 35,000 | 35,000 | 35,000 | 25,000 |
Trade Debtors | 0 | 0 | 6,784 | 414,928 | 1,076,413 | 501,001 | 109,490 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 203,038 | 0 |
Misc Debtors | 71,924 | 230,006 | 297,028 | 407,486 | 561,940 | 347,759 | 181,234 |
Cash | 3,274 | 405 | 5,074 | 2,108 | 28,679 | 3,548 | 3,527 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,542,826 | 230,411 | 308,886 | 859,522 | 1,702,032 | 1,090,346 | 319,251 |
total assets | 9,073,133 | 1,560,244 | 1,638,719 | 2,213,411 | 3,060,861 | 2,436,966 | 337,934 |
Bank overdraft | 0 | 0 | 26,575 | 27,669 | 499,656 | 405,585 | 95,666 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 225,880 | 0 | 0 | 341,329 | 469,049 | 439,384 | 117,334 |
Group/Directors Accounts | 7,577,470 | 0 | 0 | 0 | 369,749 | 1,526,581 | 42,875 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 1,269,718 | 4,931 | 56,831 | 173,855 | 281,138 | 294,828 | 67,769 |
total current liabilities | 9,073,068 | 4,931 | 83,406 | 542,853 | 1,619,592 | 2,666,378 | 323,644 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 130 | 130 | 503 | 326 | 272 |
total long term liabilities | 0 | 0 | 130 | 130 | 503 | 326 | 272 |
total liabilities | 9,073,068 | 4,931 | 83,536 | 542,983 | 1,620,095 | 2,666,704 | 323,916 |
net assets | 65 | 1,555,313 | 1,555,183 | 1,670,428 | 1,440,766 | -229,738 | 14,018 |
total shareholders funds | 65 | 1,555,313 | 1,555,183 | 1,670,428 | 1,440,766 | -229,738 | 14,018 |
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | May 2018 | May 2017 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | 294,500 | -73,375 | -234,338 | 14,288 | |||
Depreciation | 0 | 0 | 1,617 | 6,359 | 5,476 | 1,896 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 130 | 0 | -53,943 | -177 | -54 | -272 | |
Stock | 2,467,628 | 0 | -35,000 | 0 | 0 | 10,000 | 25,000 |
Debtors | -158,082 | -73,806 | -518,602 | -815,939 | 586,555 | 761,074 | 290,724 |
Creditors | 225,880 | 0 | -341,329 | -127,720 | 29,665 | 322,050 | 117,334 |
Accruals and Deferred Income | 1,264,787 | -51,900 | -117,024 | -107,283 | -13,690 | 227,059 | 67,769 |
Deferred Taxes & Provisions | 0 | -130 | 0 | -373 | 177 | 54 | 272 |
Cash flow from operations | 827,479 | -638,479 | -454,407 | -116,333 | |||
Investing Activities | |||||||
capital expenditure | |||||||
Change in Investments | -1,329,833 | 0 | 0 | 0 | 0 | 1,329,833 | 0 |
cash flow from investments | |||||||
Financing Activities | |||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 7,577,470 | 0 | 0 | -369,749 | -1,156,832 | 1,483,706 | 42,875 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||
interest | 0 | 0 | -10,895 | 1,744,056 | -9,365 | 0 | |
cash flow from financing | 0 | 0 | -380,644 | 587,224 | 1,474,342 | 42,877 | |
cash and cash equivalents | |||||||
cash | 2,869 | -4,669 | 2,966 | -26,571 | 25,131 | 21 | 3,527 |
overdraft | 0 | -26,575 | -1,094 | -471,987 | 94,071 | 309,919 | 95,666 |
change in cash | 2,869 | 21,906 | 4,060 | 445,416 | -68,940 | -309,898 | -92,139 |
mgfm limited Credit Report and Business Information
Mgfm Limited Competitor Analysis
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Perform a competitor analysis for mgfm limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in PE29 area or any other competitors across 12 key performance metrics.
mgfm limited Ownership
MGFM LIMITED group structure
Mgfm Limited has no subsidiary companies.
Ultimate parent company
2 parents
MGFM LIMITED
09958804
mgfm limited directors
Mgfm Limited currently has 3 directors. The longest serving directors include Mr Michael George (Jan 2016) and Mr Jonathan Stump (Jan 2016).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Michael George | England | 68 years | Jan 2016 | - | Director |
Mr Jonathan Stump | England | 61 years | Jan 2016 | - | Director |
Mr Michael George | England | 40 years | Jun 2016 | - | Director |
P&L
September 2023turnover
715.8k
0%
operating profit
-1.6m
0%
gross margin
9.6%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
65
-1%
total assets
9.1m
+4.82%
cash
3.3k
+7.08%
net assets
Total assets minus all liabilities
mgfm limited company details
company number
09958804
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
January 2016
age
9
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
September 2023
previous names
mick george facilities management ltd (January 2023)
mick george m & e limited (March 2017)
accountant
-
auditor
-
address
6 lancaster way, ermine business park, huntingdon, cambridgeshire, PE29 6XU
Bank
-
Legal Advisor
-
mgfm 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 found 6 charges/mortgages relating to mgfm limited. Currently there are 4 open charges and 2 have been satisfied in the past.
mgfm limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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mgfm limited Companies House Filings - See Documents
date | description | view/download |
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