mgfm limited

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mgfm limited Company Information

Share MGFM LIMITED

Company Number

09958804

Shareholders

mick george property limited

Group Structure

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Industry

Development of building projects

 

Registered Address

6 lancaster way, ermine business park, huntingdon, cambridgeshire, PE29 6XU

mgfm limited Estimated Valuation

£243.7k

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

£0

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

£97

Pomanda estimates the enterprise value of MGFM LIMITED at £97 based on Net Assets of £65 and 1.49x industry multiple (adjusted for liquidity).

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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

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £715.8k, make it smaller than the average company (£2.2m)

£715.8k - Mgfm Limited

£2.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -40%, show it is growing at a slower rate (3.5%)

-40% - Mgfm Limited

3.5% - Industry AVG

production

Production

with a gross margin of 9.6%, this company has a higher cost of product (26.4%)

9.6% - Mgfm Limited

26.4% - Industry AVG

profitability

Profitability

an operating margin of -217.3% make it less profitable than the average company (7%)

-217.3% - Mgfm Limited

7% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (6)

3 - Mgfm Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)

£48.1k - Mgfm Limited

£48.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £238.6k, this is equally as efficient (£277.3k)

£238.6k - Mgfm Limited

£277.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Mgfm Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 127 days, this is slower than average (30 days)

127 days - Mgfm Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1391 days, this is more than average (165 days)

1391 days - Mgfm Limited

165 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019May 2018May 2017
Turnover715,8280471,8423,382,5285,353,4153,192,144847,946
Other Income Or Grants0000000
Cost Of Sales647,2160398,0632,741,7724,815,6832,974,883660,408
Gross Profit68,611073,779640,756537,732217,261187,538
Admin Expenses1,623,956-1,195187,373346,256611,107451,599173,250
Operating Profit-1,555,3451,195-113,594294,500-73,375-234,33814,288
Interest Payable00010,89518,9479,3650
Interest Receivable970001,763,00300
Pre-Tax Profit-1,555,2480-115,245283,6051,670,681-243,70314,288
Tax01300-53,943-177-54-272
Profit After Tax-1,555,248130-115,245229,6621,670,504-243,75714,016
Dividends Paid0000000
Retained Profit-1,555,248130-115,245229,6621,670,504-243,75714,016
Employee Costs144,176180,478354,9401,342,3601,580,567209,8040
Number Of Employees3483137516
EBITDA*-1,555,3451,195-111,977300,859-67,899-232,44214,288

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019May 2018May 2017
Tangible Assets6,530,3070024,05628,99616,78718,683
Intangible Assets0000000
Investments & Other01,329,8331,329,8331,329,8331,329,8331,329,8330
Debtors (Due After 1 year)0000000
Total Fixed Assets6,530,3071,329,8331,329,8331,353,8891,358,8291,346,62018,683
Stock & work in progress2,467,6280035,00035,00035,00025,000
Trade Debtors006,784414,9281,076,413501,001109,490
Group Debtors00000203,0380
Misc Debtors71,924230,006297,028407,486561,940347,759181,234
Cash3,2744055,0742,10828,6793,5483,527
misc current assets0000000
total current assets2,542,826230,411308,886859,5221,702,0321,090,346319,251
total assets9,073,1331,560,2441,638,7192,213,4113,060,8612,436,966337,934
Bank overdraft0026,57527,669499,656405,58595,666
Bank loan0000000
Trade Creditors 225,88000341,329469,049439,384117,334
Group/Directors Accounts7,577,470000369,7491,526,58142,875
other short term finances0000000
hp & lease commitments0000000
other current liabilities1,269,7184,93156,831173,855281,138294,82867,769
total current liabilities9,073,0684,93183,406542,8531,619,5922,666,378323,644
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions00130130503326272
total long term liabilities00130130503326272
total liabilities9,073,0684,93183,536542,9831,620,0952,666,704323,916
net assets651,555,3131,555,1831,670,4281,440,766-229,73814,018
total shareholders funds651,555,3131,555,1831,670,4281,440,766-229,73814,018
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019May 2018May 2017
Operating Activities
Operating Profit-1,555,3451,195-113,594294,500-73,375-234,33814,288
Depreciation001,6176,3595,4761,8960
Amortisation0000000
Tax01300-53,943-177-54-272
Stock2,467,6280-35,0000010,00025,000
Debtors-158,082-73,806-518,602-815,939586,555761,074290,724
Creditors225,8800-341,329-127,72029,665322,050117,334
Accruals and Deferred Income1,264,787-51,900-117,024-107,283-13,690227,05967,769
Deferred Taxes & Provisions0-1300-37317754272
Cash flow from operations-2,374,22423,101-16,728827,479-638,479-454,407-116,333
Investing Activities
capital expenditure-6,530,307022,439-1,419-17,6850-18,683
Change in Investments-1,329,83300001,329,8330
cash flow from investments-5,200,474022,439-1,419-17,685-1,329,833-18,683
Financing Activities
Bank loans0000000
Group/Directors Accounts7,577,47000-369,749-1,156,8321,483,70642,875
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue0000012
interest9700-10,8951,744,056-9,3650
cash flow from financing7,577,56700-380,644587,2241,474,34242,877
cash and cash equivalents
cash2,869-4,6692,966-26,57125,131213,527
overdraft0-26,575-1,094-471,98794,071309,91995,666
change in cash2,86921,9064,060445,416-68,940-309,898-92,139

mgfm limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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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 Shareholders

mick george property limited 100%

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).

officercountryagestartendrole
Mr Michael GeorgeEngland68 years Jan 2016- Director
Mr Jonathan StumpEngland61 years Jan 2016- Director
Mr Michael GeorgeEngland40 years Jun 2016- Director

P&L

September 2023

turnover

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 2023

net 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

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