mgc associates limited
mgc associates limited Company Information
Company Number
10501262
Next Accounts
Dec 2024
Industry
Financial management
Management consultancy activities (other than financial management)
Shareholders
marie cooper
gary cooper
Group Structure
View All
Contact
Registered Address
93 scholes view, ecclesfield, sheffield, S35 9YQ
Website
-mgc associates limited Estimated Valuation
Pomanda estimates the enterprise value of MGC ASSOCIATES LIMITED at £23k based on a Turnover of £33k and 0.7x industry multiple (adjusted for size and gross margin).
mgc associates limited Estimated Valuation
Pomanda estimates the enterprise value of MGC ASSOCIATES LIMITED at £81k based on an EBITDA of £16.9k and a 4.79x industry multiple (adjusted for size and gross margin).
mgc associates limited Estimated Valuation
Pomanda estimates the enterprise value of MGC ASSOCIATES LIMITED at £0 based on Net Assets of £-59.9k and 3.02x industry multiple (adjusted for liquidity).
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Mgc Associates Limited Overview
Mgc Associates Limited is a live company located in sheffield, S35 9YQ with a Companies House number of 10501262. It operates in the financial management sector, SIC Code 70221. Founded in November 2016, it's largest shareholder is marie cooper with a 50% stake. Mgc Associates Limited is a young, micro sized company, Pomanda has estimated its turnover at £33k with declining growth in recent years.
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Mgc Associates Limited Health Check
Pomanda's financial health check has awarded Mgc Associates Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £33k, make it smaller than the average company (£465k)
- Mgc Associates Limited
£465k - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (7.1%)
- Mgc Associates Limited
7.1% - Industry AVG
Production
with a gross margin of 68%, this company has a comparable cost of product (68%)
- Mgc Associates Limited
68% - Industry AVG
Profitability
an operating margin of 51.2% make it more profitable than the average company (9.7%)
- Mgc Associates Limited
9.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Mgc Associates Limited
4 - Industry AVG
Pay Structure
on an average salary of £46.2k, the company has an equivalent pay structure (£46.2k)
- Mgc Associates Limited
£46.2k - Industry AVG
Efficiency
resulting in sales per employee of £33k, this is less efficient (£121.2k)
- Mgc Associates Limited
£121.2k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is near the average (74 days)
- Mgc Associates Limited
74 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mgc Associates Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mgc Associates Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (31 weeks)
0 weeks - Mgc Associates Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 129%, this is a higher level of debt than the average (51.5%)
129% - Mgc Associates Limited
51.5% - Industry AVG
MGC ASSOCIATES LIMITED financials
Mgc Associates Limited's latest turnover from March 2023 is estimated at £33 thousand and the company has net assets of -£59.9 thousand. According to their latest financial statements, we estimate that Mgc Associates Limited has 1 employee and maintains cash reserves of £93 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 810 | 1,751 | 2,691 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 810 | 1,751 | 2,691 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,767 | 6,767 | 31,767 | 4,367 | 31,999 | 10,363 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 199,692 | 187,692 | 2,687,692 | 2,659,816 | 2,097,185 | 1,083,813 |
| Cash | 93 | 1,796 | 488 | 2,428 | 1,944 | 5,659 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 206,552 | 196,255 | 2,719,947 | 2,666,611 | 2,131,128 | 1,099,835 |
| total assets | 206,552 | 196,255 | 2,720,757 | 2,668,362 | 2,133,819 | 1,099,835 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 300 | 274 | 0 |
| Group/Directors Accounts | 263,452 | 267,577 | 2,797,448 | 2,779,352 | 2,217,484 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,988 | 2,285 | 2,448 | 2,117 | 2,248,459 | 1,133,634 |
| total current liabilities | 266,440 | 269,862 | 2,799,896 | 2,781,769 | 2,248,733 | 1,133,634 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 266,440 | 269,862 | 2,799,896 | 2,781,769 | 2,248,733 | 1,133,634 |
| net assets | -59,888 | -73,607 | -79,139 | -113,407 | -114,914 | -33,799 |
| total shareholders funds | -59,888 | -73,607 | -79,139 | -113,407 | -114,914 | -33,799 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 810 | 941 | 940 | 158 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 12,000 | -2,525,000 | 55,276 | 534,999 | 1,035,008 | 1,094,176 |
| Creditors | 0 | 0 | -300 | 26 | 274 | 0 |
| Accruals and Deferred Income | 703 | -163 | 331 | -2,246,342 | 1,114,825 | 1,133,634 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -4,125 | -2,529,871 | 18,096 | 561,868 | 2,217,484 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -1,703 | 1,308 | -1,940 | 484 | -3,715 | 5,659 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,703 | 1,308 | -1,940 | 484 | -3,715 | 5,659 |
mgc associates limited Credit Report and Business Information
Mgc Associates Limited Competitor Analysis
Perform a competitor analysis for mgc associates limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in S35 area or any other competitors across 12 key performance metrics.
mgc associates limited Ownership
MGC ASSOCIATES LIMITED group structure
Mgc Associates Limited has no subsidiary companies.
Ultimate parent company
MGC ASSOCIATES LIMITED
10501262
mgc associates limited directors
Mgc Associates Limited currently has 2 directors. The longest serving directors include Mr Gary Cooper (Nov 2016) and Mrs Marie Cooper (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Cooper | England | 50 years | Nov 2016 | - | Director |
| Mrs Marie Cooper | England | 48 years | Nov 2016 | - | Director |
P&L
March 2023turnover
33k
-67%
operating profit
16.9k
0%
gross margin
68.1%
-5.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-59.9k
-0.19%
total assets
206.6k
+0.05%
cash
93
-0.95%
net assets
Total assets minus all liabilities
mgc associates limited company details
company number
10501262
Type
Private limited with Share Capital
industry
70221 - Financial management
70229 - Management consultancy activities (other than financial management)
incorporation date
November 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
GIBSON BOOTH LIMITED
auditor
-
address
93 scholes view, ecclesfield, sheffield, S35 9YQ
Bank
-
Legal Advisor
-
mgc associates 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 mgc associates limited.
mgc associates 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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mgc associates limited Companies House Filings - See Documents
| date | description | view/download |
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