mge food company limited
mge food company limited Company Information
Company Number
10350133
Next Accounts
Sep 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
mcarthurglen uk limited
Group Structure
View All
Contact
Registered Address
nations house, 103 wigmore street, london, england, W1U 1QS
Website
https://www.mcarthurglen.commge food company limited Estimated Valuation
Pomanda estimates the enterprise value of MGE FOOD COMPANY LIMITED at £1.3m based on a Turnover of £654k and 1.93x industry multiple (adjusted for size and gross margin).
mge food company limited Estimated Valuation
Pomanda estimates the enterprise value of MGE FOOD COMPANY LIMITED at £186.5k based on an EBITDA of £48.9k and a 3.81x industry multiple (adjusted for size and gross margin).
mge food company limited Estimated Valuation
Pomanda estimates the enterprise value of MGE FOOD COMPANY LIMITED at £0 based on Net Assets of £-279k and 1.71x industry multiple (adjusted for liquidity).
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Mge Food Company Limited Overview
Mge Food Company Limited is a live company located in london, W1U 1QS with a Companies House number of 10350133. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2016, it's largest shareholder is mcarthurglen uk limited with a 100% stake. Mge Food Company Limited is a young, small sized company, Pomanda has estimated its turnover at £654k with rapid growth in recent years.
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Mge Food Company Limited Health Check
Pomanda's financial health check has awarded Mge Food Company Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £654k, make it smaller than the average company (£1.1m)
£654k - Mge Food Company Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (3.6%)
40% - Mge Food Company Limited
3.6% - Industry AVG
Production
with a gross margin of 7.5%, this company has a higher cost of product (70.8%)
7.5% - Mge Food Company Limited
70.8% - Industry AVG
Profitability
an operating margin of 7.5% make it less profitable than the average company (21.5%)
7.5% - Mge Food Company Limited
21.5% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
- Mge Food Company Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Mge Food Company Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £163.5k, this is less efficient (£201.3k)
- Mge Food Company Limited
£201.3k - Industry AVG
Debtor Days
it gets paid by customers after 109 days, this is later than average (33 days)
109 days - Mge Food Company Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Mge Food Company Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mge Food Company Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (11 weeks)
3 weeks - Mge Food Company Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 131.7%, this is a higher level of debt than the average (71.2%)
131.7% - Mge Food Company Limited
71.2% - Industry AVG
MGE FOOD COMPANY LIMITED financials
Mge Food Company Limited's latest turnover from December 2023 is £654 thousand and the company has net assets of -£279 thousand. According to their latest financial statements, we estimate that Mge Food Company Limited has 4 employees and maintains cash reserves of £69.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 654,029 | 481,243 | 267,553 | 237,821 | 544,515 | 430,030 | 203,955 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 605,103 | 384,014 | 439,301 | 309,908 | 411,791 | 388,063 | 466,001 |
| Gross Profit | 48,926 | 97,229 | -171,747 | -72,087 | 132,724 | 41,967 | -262,047 |
| Admin Expenses | 0 | 0 | 0 | 0 | 0 | -5,588 | -2,750 |
| Operating Profit | 48,926 | 97,229 | -171,747 | -72,087 | 132,724 | 47,555 | -259,297 |
| Interest Payable | 157 | 32,233 | 26,012 | 11,825 | 64,039 | 46,827 | 11,509 |
| Interest Receivable | 2,516 | 34 | 1,639 | 37 | 52 | 0 | 0 |
| Pre-Tax Profit | 51,286 | 65,030 | -196,119 | -83,875 | 68,738 | 728 | -270,807 |
| Tax | -12,052 | -12,356 | 40,649 | 15,936 | -13,060 | 50,162 | 0 |
| Profit After Tax | 39,234 | 52,675 | -155,470 | -67,939 | 55,678 | 50,890 | -270,807 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 39,234 | 52,675 | -155,470 | -67,939 | 55,678 | 50,890 | -270,807 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||||
| EBITDA* | 48,926 | 97,229 | -171,747 | -72,087 | 132,724 | 47,555 | -259,297 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 6,321 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Debtors (Due After 1 year) | 288,336 | 401,752 | 536,068 | 629,168 | 748,048 | 738,209 | 676,279 |
| Total Fixed Assets | 288,337 | 408,074 | 536,068 | 629,168 | 748,049 | 738,210 | 676,280 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 196,172 | 704,671 | 240,244 | 189,486 | 244,889 | 286,426 | 324,020 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 325,058 | 162,928 | 142,974 | 189,871 | 120,275 | 4,958 | 26,750 |
| Cash | 69,670 | 11,461 | 57,399 | 207,069 | 215,112 | 287,500 | 27,708 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 590,901 | 879,061 | 440,617 | 586,427 | 580,276 | 578,884 | 378,478 |
| total assets | 879,238 | 1,287,135 | 976,685 | 1,215,595 | 1,328,325 | 1,317,094 | 1,054,758 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 20,819 | 116,686 | 0 | 0 |
| Group/Directors Accounts | 1,017,199 | 1,132,493 | 786,338 | 952,057 | 706,545 | 599,959 | 375,579 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 141,033 | 161,605 | 150,331 | 79,636 | 142,018 | 182,142 | 550,776 |
| total current liabilities | 1,158,233 | 1,294,098 | 936,669 | 1,052,513 | 965,249 | 782,101 | 926,356 |
| loans | 0 | 311,265 | 426,199 | 385,089 | 499,505 | 754,908 | 399,207 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 23,085 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 311,266 | 426,199 | 385,090 | 522,592 | 754,909 | 399,208 |
| total liabilities | 1,158,233 | 1,605,364 | 1,362,868 | 1,437,603 | 1,487,841 | 1,537,009 | 1,325,563 |
| net assets | -278,995 | -318,229 | -386,183 | -222,009 | -159,516 | -219,915 | -270,805 |
| total shareholders funds | -278,995 | -318,229 | -386,183 | -222,009 | -159,516 | -219,915 | -270,805 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 48,926 | 97,229 | -171,747 | -72,087 | 132,724 | 47,555 | -259,297 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -12,052 | -12,356 | 40,649 | 15,936 | -13,060 | 50,162 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -459,785 | 350,065 | -89,239 | -104,686 | 83,618 | 2,544 | 1,027,049 |
| Creditors | 0 | 0 | -20,819 | -95,866 | 116,686 | 0 | 0 |
| Accruals and Deferred Income | -20,572 | 11,274 | 70,695 | -85,467 | -17,039 | -368,634 | 550,776 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 476,087 | -253,918 | 8,017 | -132,798 | 135,693 | -273,461 | -735,570 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 1 | 0 | -1 | 0 | 0 | 1 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -115,294 | 346,155 | -165,719 | 245,512 | 106,587 | 224,379 | 375,579 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -311,265 | -114,934 | 41,110 | -114,416 | -255,403 | 355,701 | 399,207 |
| 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 | 2,359 | -32,199 | -24,373 | -11,788 | -63,987 | -46,827 | -11,509 |
| cash flow from financing | -424,200 | 214,301 | -157,686 | 124,755 | -208,082 | 533,253 | 763,279 |
| cash and cash equivalents | |||||||
| cash | 58,209 | -45,937 | -149,670 | -8,043 | -72,388 | 259,792 | 27,708 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 58,209 | -45,937 | -149,670 | -8,043 | -72,388 | 259,792 | 27,708 |
mge food company limited Credit Report and Business Information
Mge Food Company Limited Competitor Analysis
Perform a competitor analysis for mge food company limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in W1U area or any other competitors across 12 key performance metrics.
mge food company limited Ownership
MGE FOOD COMPANY LIMITED group structure
Mge Food Company Limited has no subsidiary companies.
Ultimate parent company
OUTLET SERVICES HOLDCO LTD
#0044231
2 parents
MGE FOOD COMPANY LIMITED
10350133
mge food company limited directors
Mge Food Company Limited currently has 2 directors. The longest serving directors include Mr Gary Bond (Aug 2016) and Ms Susan McCabe (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Bond | England | 64 years | Aug 2016 | - | Director |
| Ms Susan McCabe | United Kingdom | 56 years | May 2023 | - | Director |
P&L
December 2023turnover
654k
+36%
operating profit
48.9k
-50%
gross margin
7.5%
-62.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-279k
-0.12%
total assets
879.2k
-0.32%
cash
69.7k
+5.08%
net assets
Total assets minus all liabilities
mge food company limited company details
company number
10350133
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
August 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
nations house, 103 wigmore street, london, england, W1U 1QS
Bank
BARCLAYS BANK PLC
Legal Advisor
ARNOLD & PORTER (UK) LLP
mge food company 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 mge food company limited.
mge food company 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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mge food company limited Companies House Filings - See Documents
| date | description | view/download |
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