mutual group limited
mutual group limited Company Information
Company Number
10653796
Next Accounts
373 days late
Industry
Temporary employment agency activities
Directors
Shareholders
nurideen musah
Group Structure
View All
Contact
Registered Address
resolution house 12 mill hill, leeds, LS1 5DQ
Website
-mutual group limited Estimated Valuation
Pomanda estimates the enterprise value of MUTUAL GROUP LIMITED at £4.9m based on a Turnover of £23m and 0.21x industry multiple (adjusted for size and gross margin).
mutual group limited Estimated Valuation
Pomanda estimates the enterprise value of MUTUAL GROUP LIMITED at £476.1k based on an EBITDA of £140k and a 3.4x industry multiple (adjusted for size and gross margin).
mutual group limited Estimated Valuation
Pomanda estimates the enterprise value of MUTUAL GROUP LIMITED at £8.5m based on Net Assets of £5.3m and 1.61x industry multiple (adjusted for liquidity).
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Mutual Group Limited Overview
Mutual Group Limited is a live company located in leeds, LS1 5DQ with a Companies House number of 10653796. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in March 2017, it's largest shareholder is nurideen musah with a 100% stake. Mutual Group Limited is a young, large sized company, Pomanda has estimated its turnover at £23m with high growth in recent years.
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Mutual Group Limited Health Check
Pomanda's financial health check has awarded Mutual Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
2 Weak
Size
annual sales of £23m, make it larger than the average company (£11.1m)
- Mutual Group Limited
£11.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (-0.1%)
- Mutual Group Limited
-0.1% - Industry AVG
Production
with a gross margin of 10%, this company has a higher cost of product (16.3%)
- Mutual Group Limited
16.3% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (2.8%)
- Mutual Group Limited
2.8% - Industry AVG
Employees
with 45 employees, this is similar to the industry average (43)
45 - Mutual Group Limited
43 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)
- Mutual Group Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £512.1k, this is more efficient (£235.2k)
- Mutual Group Limited
£235.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mutual Group Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (3 days)
- Mutual Group Limited
3 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mutual Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (7 weeks)
12 weeks - Mutual Group Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.5%, this is a lower level of debt than the average (76.7%)
30.5% - Mutual Group Limited
76.7% - Industry AVG
MUTUAL GROUP LIMITED financials
Mutual Group Limited's latest turnover from March 2022 is estimated at £23 million and the company has net assets of £5.3 million. According to their latest financial statements, Mutual Group Limited has 45 employees and maintains cash reserves of £565.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|
| Turnover | 17,164,975 | 14,200,483 | 6,071,181 | ||
| Other Income Or Grants | 0 | 0 | 0 | ||
| Cost Of Sales | 14,317,600 | 13,432,322 | 5,349,906 | ||
| Gross Profit | 2,847,375 | 768,161 | 721,275 | ||
| Admin Expenses | 0 | 695,881 | 650,001 | ||
| Operating Profit | 2,847,375 | 72,280 | 71,274 | ||
| Interest Payable | 0 | 0 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | ||
| Pre-Tax Profit | 2,847,375 | 72,280 | 71,274 | ||
| Tax | 0 | 0 | 0 | ||
| Profit After Tax | 2,847,375 | 72,280 | 71,274 | ||
| Dividends Paid | 0 | 10,758 | 45,000 | ||
| Retained Profit | 2,847,375 | 61,522 | 26,274 | ||
| Employee Costs | |||||
| Number Of Employees | 45 | 47 | |||
| EBITDA* | 2,847,375 | 72,280 | 71,274 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 124,549 | 146,528 | 75,251 | 75,251 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 338,292 | 222,862 | 0 | 0 | 0 |
| Total Fixed Assets | 462,841 | 369,390 | 75,251 | 75,251 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 37,730 | 37,730 | 12,565 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 565,455 | 507,655 | 256,316 | 256,316 | 295,210 |
| misc current assets | 6,537,796 | 6,537,796 | 0 | 0 | 0 |
| total current assets | 7,103,251 | 7,045,451 | 5,294,046 | 294,046 | 307,775 |
| total assets | 7,566,092 | 7,414,841 | 5,369,297 | 369,297 | 307,775 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,306,654 | 2,254,220 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,306,654 | 2,254,220 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 200,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 200,000 |
| total liabilities | 2,306,654 | 2,254,220 | 0 | 0 | 200,000 |
| net assets | 5,259,438 | 5,160,621 | 5,369,297 | 369,297 | 107,775 |
| total shareholders funds | 5,259,438 | 5,160,621 | 5,369,297 | 369,297 | 107,775 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 2,847,375 | 72,280 | 71,274 | ||
| Depreciation | 21,979 | 25,858 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | ||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 115,430 | 185,132 | 0 | 25,165 | 12,565 |
| Creditors | 52,434 | 2,254,220 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,847,375 | 47,115 | 58,709 | ||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -200,000 | 200,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | 0 | ||
| cash flow from financing | 2,152,625 | 0 | 281,501 | ||
| cash and cash equivalents | |||||
| cash | 57,800 | 251,339 | 0 | -38,894 | 295,210 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 57,800 | 251,339 | 0 | -38,894 | 295,210 |
mutual group limited Credit Report and Business Information
Mutual Group Limited Competitor Analysis
Perform a competitor analysis for mutual group limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in LS1 area or any other competitors across 12 key performance metrics.
mutual group limited Ownership
MUTUAL GROUP LIMITED group structure
Mutual Group Limited has no subsidiary companies.
Ultimate parent company
MUTUAL GROUP LIMITED
10653796
mutual group limited directors
Mutual Group Limited currently has 1 director, Mr Nurideen Musah serving since Jan 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nurideen Musah | England | 34 years | Jan 2020 | - | Director |
P&L
March 2022turnover
23m
+14%
operating profit
118k
0%
gross margin
10%
+5.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
5.3m
+0.02%
total assets
7.6m
+0.02%
cash
565.5k
+0.11%
net assets
Total assets minus all liabilities
mutual group limited company details
company number
10653796
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
March 2017
age
7
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2022
previous names
coop group of bradford ltd (May 2018)
co-op group limited (December 2017)
accountant
-
auditor
-
address
resolution house 12 mill hill, leeds, LS1 5DQ
Bank
-
Legal Advisor
-
mutual group 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 mutual group limited.
mutual group 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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mutual group limited Companies House Filings - See Documents
| date | description | view/download |
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