Pomanda estimates the enterprise value of MG FINANCIAL (LONDON) LIMITED at £4.5k based on a Turnover of £10.2k and 0.44x industry multiple (adjusted for size and gross margin).
mg financial (london) limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MG FINANCIAL (LONDON) LIMITED at £0 based on an EBITDA of £-19.8k and a 2.84x industry multiple (adjusted for size and gross margin).
mg financial (london) limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MG FINANCIAL (LONDON) LIMITED at £0 based on Net Assets of £-22.3k and 2.88x industry multiple (adjusted for liquidity).
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Mg Financial (london) LimitedOverview
Mg Financial (london) Limited is a live company located in basildon, SS14 2AD with a Companies House number of 10083756. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2016, it's largest shareholder is
mutayyab ghafoor
with a 100% stake. Mg Financial (london) Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£10.2k with
declining
growth in recent years.
Pomanda's financial health check has awarded Mg Financial (London) Limited a 1 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 Rating1out of 5
1 Strong
1 Regular
8 Weak
Size
annual sales of £10.2k, make it smaller than the average company (£2.3m)
£10.2k - Mg Financial (london) Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -40%, show it is growing at a slower rate (9%)
-40% - Mg Financial (london) Limited
9% - Industry AVG
Production
with a gross margin of 24.3%, this company has a higher cost of product (58.6%)
24.3% - Mg Financial (london) Limited
58.6% - Industry AVG
Profitability
an operating margin of -195% make it less profitable than the average company (7.3%)
-195% - Mg Financial (london) Limited
7.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (13)
1 - Mg Financial (london) Limited
13 - Industry AVG
Pay Structure
on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)
£48.1k - Mg Financial (london) Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £10.2k, this is less efficient (£139.7k)
£10.2k - Mg Financial (london) Limited
£139.7k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (53 days)
91 days - Mg Financial (london) Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 507 days, this is slower than average (34 days)
507 days - Mg Financial (london) Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mg Financial (london) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mg Financial (london) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 268.1%, this is a higher level of debt than the average (58.2%)
268.1% - Mg Financial (london) Limited
58.2% - Industry AVG
MG FINANCIAL (LONDON) LIMITED financials
EXPORT
Mg Financial (London) Limited's latest turnover from March 2024 is estimated at £10.2 thousand and the company has net assets of -£22.3 thousand. According to their latest financial statements, we estimate that Mg Financial (London) Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Turnover
10,170
45,024
42,581
46,276
11,335
35,007
28,410
195
Other Income Or Grants
Cost Of Sales
7,694
32,934
31,383
34,438
8,543
26,345
20,390
140
Gross Profit
2,476
12,090
11,198
11,838
2,792
8,662
8,020
55
Admin Expenses
22,307
16,565
13,047
12,817
122
7,022
6,643
-236
Operating Profit
-19,831
-4,475
-1,849
-979
2,670
1,640
1,377
291
Interest Payable
Interest Receivable
1
Pre-Tax Profit
-19,831
-4,475
-1,849
-979
2,670
1,597
1,457
291
Tax
-507
-269
-341
-58
Profit After Tax
-19,831
-4,475
-1,849
-979
2,163
1,328
1,116
233
Dividends Paid
Retained Profit
-19,831
-4,475
-1,849
-979
2,163
1,328
1,116
233
Employee Costs
48,108
48,845
44,214
39,958
42,134
17,220
8,300
43,113
Number Of Employees
1
1
1
1
1
1
1
1
EBITDA*
-19,831
-4,475
-1,849
-979
2,670
2,029
1,573
291
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Tangible Assets
10,704
12,080
13,455
14,211
3,913
1,067
887
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
10,704
12,080
13,455
14,211
3,913
1,067
887
Stock & work in progress
Trade Debtors
2,562
14,148
21,092
26,762
6,404
3,328
834
100
Group Debtors
Misc Debtors
Cash
456
misc current assets
total current assets
2,562
14,148
21,092
26,762
6,404
3,328
834
556
total assets
13,266
26,228
34,547
40,973
10,317
4,395
1,721
556
Bank overdraft
Bank loan
Trade Creditors
10,695
20,711
22,187
24,896
5,476
1,340
56
16
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
10,695
20,711
22,187
24,896
5,476
1,340
56
16
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
24,864
7,979
9,899
11,520
377
314
307
provisions
448
695
total long term liabilities
24,864
7,979
10,347
12,215
377
314
307
total liabilities
35,559
28,690
32,534
37,111
5,476
1,717
370
323
net assets
-22,293
-2,462
2,013
3,862
4,841
2,678
1,351
233
total shareholders funds
-22,293
-2,462
2,013
3,862
4,841
2,678
1,351
233
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Operating Activities
Operating Profit
-19,831
-4,475
-1,849
-979
2,670
1,640
1,377
291
Depreciation
389
196
Amortisation
Tax
-507
-269
-341
-58
Stock
Debtors
-11,586
-6,944
-5,670
20,358
3,076
2,494
734
100
Creditors
-10,016
-1,476
-2,709
19,420
4,136
1,284
40
16
Accruals and Deferred Income
Deferred Taxes & Provisions
-448
-247
695
Cash flow from operations
-18,261
545
865
-1,222
3,223
550
538
149
Investing Activities
capital expenditure
1,376
1,375
756
-10,298
-2,846
-569
-1,083
Change in Investments
cash flow from investments
1,376
1,375
756
-10,298
-2,846
-569
-1,083
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
16,885
-1,920
-1,621
11,520
-377
63
7
307
share issue
-1
2
interest
1
cash flow from financing
16,885
-1,920
-1,621
11,520
-377
62
9
308
cash and cash equivalents
cash
-456
456
overdraft
change in cash
-456
456
mg financial (london) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mg financial (london) limited. Get real-time insights into mg financial (london) limited's credit score, group structure and payment trends.
Perform a competitor analysis for mg financial (london) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in SS14 area or any other competitors across 12 key performance metrics.
mg financial (london) limited Ownership
MG FINANCIAL (LONDON) LIMITED group structure
Mg Financial (London) Limited has no subsidiary companies.
Ultimate parent company
MG FINANCIAL (LONDON) LIMITED
10083756
MG FINANCIAL (LONDON) LIMITED Shareholders
The sole shareholder of Mg Financial (London) Limited is Mutayyab Ghafoor.
mutayyab ghafoor
100%
mg financial (london) limited directors
Mg Financial (London) Limited currently has 1 director, Mr Mutayyab Ghafoor serving since Mar 2023.
82990 - Other business support service activities n.e.c.
incorporation date
March 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
27 braybrooke braybrooke, basildon, SS14 2AD
Bank
-
Legal Advisor
-
mg financial (london) 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 mg financial (london) limited.
mg financial (london) 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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mg financial (london) limitedCompanies House Filings - See Documents
