Mga Safety Limited

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mga safety limited Company Information

Live

YoungMicroHealthy

Company Number

10099091

Website

mgaresearch.com

Registered Address

9 seddons ave seddons avenue, bury, BL8 2DP

Industry

Management consultancy activities (other than financial management)

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Michael Atkinson8 Years

Shareholders

michael atkinson 50%

anne atkinson 50%

mga safety limited Estimated Valuation

£69.8k

Pomanda estimates the enterprise value of MGA SAFETY LIMITED at £69.8k based on a Turnover of £155.3k and 0.45x industry multiple (adjusted for size and gross margin).

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Mga Safety Limited is a live company located in bury, BL8 2DP with a Companies House number of 10099091. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in April 2016, it's largest shareholder is michael atkinson with a 50% stake. Mga Safety Limited is a young, micro sized company, Pomanda has estimated its turnover at £155.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Mga Safety Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £155.3k, make it smaller than the average company (£300.5k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.6%)

EXPORT

Mga Safety Limited's latest turnover from March 2023 is estimated at £155.3 thousand and the company has net assets of £862. According to their latest financial statements, Mga Safety Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Turnover	155,253	140,781	78,982	123,919	107,617	108,952	75,744
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	115,750	105,621	59,474	92,939	79,208	77,925	52,477
Gross Profit	39,503	35,159	19,508	30,980	28,410	31,027	23,267
Admin Expenses	39,154	35,511	19,674	30,536	28,027	31,336	22,347
Operating Profit	349	-352	-166	444	383	-309	920
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0
Pre-Tax Profit	349	-352	-166	444	383	-309	920
Tax	-66	0	0	-84	-73	0	-184
Profit After Tax	283	-352	-166	360	310	-309	736
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	283	-352	-166	360	310	-309	736
Employee Costs	80,669	39,394	35,546	36,348	46,124	42,962	44,514
Number Of Employees	2	1	1	1	1	1	1
EBITDA*	349	-352	-166	444	383	-309	920

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Tangible Assets	429	1,590	2,002	1,186	303	583	0
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	429	1,590	2,002	1,186	303	583	0
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	77,690	84,429	44,633	64,139	47,682	47,827	29,810
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	260	162	261	0	131	0	0
Cash	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	246	0
total current assets	77,950	84,591	44,894	64,139	47,813	48,073	29,810
total assets	78,379	86,181	46,896	65,325	48,116	48,656	29,810
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	69,017	74,102	31,465	64,228	45,579	47,429	28,114
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	69,017	74,102	31,465	64,228	45,579	47,429	28,114
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	800	960
other liabilities	8,500	11,500	14,500	0	0	0	0
provisions	0	0	0	0	1,800	0	0
total long term liabilities	8,500	11,500	14,500	0	1,800	800	960
total liabilities	77,517	85,602	45,965	64,228	47,379	48,229	29,074
net assets	862	579	931	1,097	737	427	736
total shareholders funds	862	579	931	1,097	737	427	736

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Operating Profit	349	-352	-166	444	383	-309	920
Depreciation	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	-66	0	0	-84	-73	0	-184
Stock	0	0	0	0	0	0	0
Debtors	-6,641	39,697	-19,245	16,326	-14	18,017	29,810
Creditors	-5,085	42,637	-32,763	18,649	-1,850	19,315	28,114
Accruals and Deferred Income	0	0	0	0	-800	-160	960
Deferred Taxes & Provisions	0	0	0	-1,800	1,800	0	0
Cash flow from operations	1,839	2,588	-13,684	883	-526	829	0
Investing Activities
capital expenditure	1,161	412	-816	-883	280	-583	0
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	1,161	412	-816	-883	280	-583	0
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
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	-3,000	-3,000	14,500	0	0	0	0
share issue	0	0	0	0	0	0	0
interest	0	0	0	0	0	0	0
cash flow from financing	-3,000	-3,000	14,500	0	0	0	0
cash and cash equivalents
cash	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mga safety limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in BL8 area or any other competitors across 12 key performance metrics.

MGA SAFETY LIMITED group structure

Mga Safety Limited has no subsidiary companies.

Ultimate parent company

MGA SAFETY LIMITED

10099091

MGA SAFETY LIMITED Shareholders

michael atkinson	50%
anne atkinson	50%

Mga Safety Limited currently has 1 director, Mr Michael Atkinson serving since Apr 2016.

officer	country	age	start	end	role
Mr Michael Atkinson	England	62 years	Apr 2016	-	Director

P&L

March 2023

turnover

155.3k

+10%

operating profit

349.4

gross margin

25.5%

+1.88%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

862

+0.49%

total assets

78.4k

-0.09%

cash

net assets

Total assets minus all liabilities

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company number

10099091

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

April 2016

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

9 seddons ave seddons avenue, bury, BL8 2DP

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 mga safety limited.

mga safety limited Company Information

mga safety limited Estimated Valuation

mga safety limited Estimated Valuation

mga safety limited Estimated Valuation

Mga Safety Limited Overview

Mga Safety Limited Health Check

MGA SAFETY LIMITED financials

mga safety limited Credit Report and Business Information

Mga Safety Limited Competitor Analysis

mga safety limited Ownership

mga safety limited directors

mga safety limited company details

mga safety limited Charges & Mortgages

mga safety limited Companies House Filings - See Documents