pro mga solutions ltd
pro mga solutions ltd Company Information
Company Number
10575665
Website
pro-global.comRegistered Address
one america square crosswall, london, EC3N 2LB
Industry
Non-life insurance
Telephone
02030964000
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
pro mga global solutions ltd 100%
pro mga solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of PRO MGA SOLUTIONS LTD at £1.2m based on a Turnover of £2m and 0.61x industry multiple (adjusted for size and gross margin).
pro mga solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of PRO MGA SOLUTIONS LTD at £111.6k based on an EBITDA of £12k and a 9.28x industry multiple (adjusted for size and gross margin).
pro mga solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of PRO MGA SOLUTIONS LTD at £1.1m based on Net Assets of £785k and 1.45x industry multiple (adjusted for liquidity).
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Pro Mga Solutions Ltd Overview
Pro Mga Solutions Ltd is a live company located in london, EC3N 2LB with a Companies House number of 10575665. It operates in the non-life insurance sector, SIC Code 65120. Founded in January 2017, it's largest shareholder is pro mga global solutions ltd with a 100% stake. Pro Mga Solutions Ltd is a young, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.
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Pro Mga Solutions Ltd Health Check
Pomanda's financial health check has awarded Pro Mga Solutions Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
2 Weak
Size
annual sales of £2m, make it in line with the average company (£2m)
£2m - Pro Mga Solutions Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (8.7%)
16% - Pro Mga Solutions Ltd
8.7% - Industry AVG
Production
with a gross margin of 99.4%, this company has a comparable cost of product (99.4%)
99.4% - Pro Mga Solutions Ltd
99.4% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (17.9%)
0.6% - Pro Mga Solutions Ltd
17.9% - Industry AVG
Employees
with 12 employees, this is below the industry average (33)
- Pro Mga Solutions Ltd
33 - Industry AVG
Pay Structure
on an average salary of £64.8k, the company has an equivalent pay structure (£64.8k)
- Pro Mga Solutions Ltd
£64.8k - Industry AVG
Efficiency
resulting in sales per employee of £163.4k, this is equally as efficient (£165.6k)
- Pro Mga Solutions Ltd
£165.6k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is earlier than average (219 days)
92 days - Pro Mga Solutions Ltd
219 days - Industry AVG
Creditor Days
its suppliers are paid after 361 days, this is slower than average (318 days)
361 days - Pro Mga Solutions Ltd
318 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pro Mga Solutions Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (17 weeks)
21 weeks - Pro Mga Solutions Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.5%, this is a lower level of debt than the average (82.6%)
37.5% - Pro Mga Solutions Ltd
82.6% - Industry AVG
PRO MGA SOLUTIONS LTD financials
Pro Mga Solutions Ltd's latest turnover from December 2023 is £2 million and the company has net assets of £785 thousand. According to their latest financial statements, we estimate that Pro Mga Solutions Ltd has 12 employees and maintains cash reserves of £198.2 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 | 1,960,481 | 1,375,784 | 1,152,911 | 1,249,168 | 667,857 | 327,040 | 282,050 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | -1,151,671 | -844,433 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 16,262 | -59,208 | -15,785 | 280,504 | 16,632 | -1,151,671 | -844,433 |
| Tax | 0 | 0 | 0 | 0 | 0 | 213,401 | 162,553 |
| Profit After Tax | 16,262 | -59,208 | -15,785 | 280,504 | 16,632 | -938,270 | -681,880 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 16,262 | -59,208 | -15,785 | 280,504 | 16,632 | -938,270 | -681,880 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | |||||||
| EBITDA* | -1,151,671 | -844,433 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 494,320 | 259,707 | 0 | 144,520 | 144,833 | 49,500 | 110,554 |
| Group Debtors | 402,233 | 171,734 | 182,299 | 0 | 0 | 198,593 | 162,533 |
| Misc Debtors | 161,102 | 125,056 | 600,092 | 319,775 | 159,142 | 149,735 | 127,726 |
| Cash | 198,247 | 188,330 | 68,360 | 435,432 | 91,701 | 72,758 | 327,276 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,255,902 | 744,827 | 850,751 | 899,727 | 395,676 | 470,586 | 728,089 |
| total assets | 1,255,902 | 744,827 | 850,751 | 899,727 | 395,676 | 470,586 | 728,089 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 12,046 | 7,589 | 39,959 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 315,615 | 254,206 | 260,637 | 366,062 | 147,273 | 72,710 | 14,827 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 250,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 143,252 | 64,305 | 72,220 | 39,945 | 35,187 | 12,768 | 39,884 |
| total current liabilities | 470,913 | 326,100 | 372,816 | 406,007 | 182,460 | 335,478 | 54,711 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 250,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 250,000 |
| total liabilities | 470,913 | 326,100 | 372,816 | 406,007 | 182,460 | 335,478 | 304,711 |
| net assets | 784,989 | 418,727 | 477,935 | 493,720 | 213,216 | 135,108 | 423,378 |
| total shareholders funds | 784,989 | 418,727 | 477,935 | 493,720 | 213,216 | 135,108 | 423,378 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -1,151,671 | -844,433 | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 213,401 | 162,553 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 501,158 | -225,894 | 318,096 | 160,320 | -93,853 | -2,985 | 400,813 |
| Creditors | 4,457 | -32,370 | 39,959 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 78,947 | -7,915 | 32,275 | 4,758 | 22,419 | -27,116 | 39,884 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -962,401 | -1,042,809 | |||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 61,409 | -6,431 | -105,425 | 218,789 | 74,563 | 57,883 | 14,827 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -250,000 | 250,000 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -250,000 | 250,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 411,409 | -6,431 | -105,425 | 218,789 | -113,961 | 707,883 | 1,370,085 |
| cash and cash equivalents | |||||||
| cash | 9,917 | 119,970 | -367,072 | 343,731 | 18,943 | -254,518 | 327,276 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 9,917 | 119,970 | -367,072 | 343,731 | 18,943 | -254,518 | 327,276 |
pro mga solutions ltd Credit Report and Business Information
Pro Mga Solutions Ltd Competitor Analysis
Perform a competitor analysis for pro mga solutions ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3N area or any other competitors across 12 key performance metrics.
pro mga solutions ltd Ownership
PRO MGA SOLUTIONS LTD group structure
Pro Mga Solutions Ltd has no subsidiary companies.
Ultimate parent company
2 parents
PRO MGA SOLUTIONS LTD
10575665
pro mga solutions ltd directors
Pro Mga Solutions Ltd currently has 6 directors. The longest serving directors include Mr Shaun Linton (Jan 2017) and Mr Daniel Maleary (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shaun Linton | United Kingdom | 55 years | Jan 2017 | - | Director |
| Mr Daniel Maleary | United Kingdom | 57 years | Jan 2017 | - | Director |
| Mr Andrew Donnelly | 56 years | Sep 2019 | - | Director | |
| Mr Andrew Donnelly | England | 56 years | Sep 2019 | - | Director |
| Ms Preeti Bansil | England | 47 years | Aug 2023 | - | Director |
| Mr David Goodley | England | 55 years | Jan 2024 | - | Director |
P&L
December 2023turnover
2m
+42%
operating profit
12k
0%
gross margin
99.4%
+1.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
785k
+0.87%
total assets
1.3m
+0.69%
cash
198.2k
+0.05%
net assets
Total assets minus all liabilities
pro mga solutions ltd company details
company number
10575665
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
January 2017
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
vibe mga management ltd (September 2019)
accountant
-
auditor
FORVIS MAZARS LLP
address
one america square crosswall, london, EC3N 2LB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
pro mga solutions ltd 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 pro mga solutions ltd.
pro mga solutions ltd Companies House Filings - See Documents
| date | description | view/download |
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