mc 2024 limited

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mc 2024 limited Company Information

Share MC 2024 LIMITED

Company Number

10771654

Directors

Simon Cowell

Shareholders

beauty brands acquisition (uk) ltd

Group Structure

View All

Industry

Retail sale of cosmetic and toilet articles in specialised stores

 

Registered Address

c/o kroll advisory limited the c, spring gardens, manchester, M2 1EW

Website

-

mc 2024 limited Estimated Valuation

£43.4m

Pomanda estimates the enterprise value of MC 2024 LIMITED at £43.4m based on a Turnover of £32.2m and 1.35x industry multiple (adjusted for size and gross margin).

mc 2024 limited Estimated Valuation

£21.7m

Pomanda estimates the enterprise value of MC 2024 LIMITED at £21.7m based on an EBITDA of £2.1m and a 10.52x industry multiple (adjusted for size and gross margin).

mc 2024 limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of MC 2024 LIMITED at £3m based on Net Assets of £924.9k and 3.28x industry multiple (adjusted for liquidity).

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Mc 2024 Limited Overview

Mc 2024 Limited is a live company located in manchester, M2 1EW with a Companies House number of 10771654. It operates in the retail sale of cosmetic and toilet articles in specialised stores sector, SIC Code 47750. Founded in May 2017, it's largest shareholder is beauty brands acquisition (uk) ltd with a 100% stake. Mc 2024 Limited is a young, large sized company, Pomanda has estimated its turnover at £32.2m with declining growth in recent years.

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Mc 2024 Limited Health Check

Pomanda's financial health check has awarded Mc 2024 Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £32.2m, make it larger than the average company (£14.1m)

£32.2m - Mc 2024 Limited

£14.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (1.4%)

-7% - Mc 2024 Limited

1.4% - Industry AVG

production

Production

with a gross margin of 70.2%, this company has a lower cost of product (43.5%)

70.2% - Mc 2024 Limited

43.5% - Industry AVG

profitability

Profitability

an operating margin of 1.2% make it less profitable than the average company (4%)

1.2% - Mc 2024 Limited

4% - Industry AVG

employees

Employees

with 149 employees, this is above the industry average (62)

149 - Mc 2024 Limited

62 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.8k, the company has an equivalent pay structure (£31.7k)

£30.8k - Mc 2024 Limited

£31.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £215.9k, this is equally as efficient (£210.8k)

£215.9k - Mc 2024 Limited

£210.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 63 days, this is later than average (36 days)

63 days - Mc 2024 Limited

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 57 days, this is close to average (52 days)

57 days - Mc 2024 Limited

52 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 369 days, this is more than average (103 days)

369 days - Mc 2024 Limited

103 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (19 weeks)

2 weeks - Mc 2024 Limited

19 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 97.1%, this is a higher level of debt than the average (72.5%)

97.1% - Mc 2024 Limited

72.5% - Industry AVG

MC 2024 LIMITED financials

EXPORTms excel logo

Mc 2024 Limited's latest turnover from December 2022 is £32.2 million and the company has net assets of £924.9 thousand. According to their latest financial statements, Mc 2024 Limited has 149 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Turnover32,162,27033,425,38645,135,18639,449,28221,605,2102,861,510
Other Income Or Grants
Cost Of Sales9,594,63313,688,22823,222,56421,324,03811,960,5812,003,148
Gross Profit22,567,63719,737,15821,912,62218,125,2449,644,629858,362
Admin Expenses22,197,06021,275,61621,236,38016,863,2498,331,702947,394
Operating Profit370,577-1,538,458676,2421,261,9951,312,927-89,032
Interest Payable129
Interest Receivable23,125
Pre-Tax Profit356,605-1,538,458599,129723,816871,159-87,379
Tax83,907-48,53440,685-75,990
Profit After Tax356,605-1,454,551550,595764,501795,169-87,379
Dividends Paid
Retained Profit356,605-1,454,551550,595764,501795,169-87,379
Employee Costs4,587,4874,224,5704,384,4233,511,377620,683121,535
Number Of Employees149146153105235
EBITDA*2,063,5061,572,5012,097,6761,987,5621,329,076-88,607

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Tangible Assets6,792,9847,536,3656,892,8707,161,7942,833,37014,874
Intangible Assets
Investments & Other
Debtors (Due After 1 year)616,836930,385833,974851,370
Total Fixed Assets7,409,8208,466,7507,726,8448,013,1642,833,37014,874
Stock & work in progress9,722,1858,010,4565,108,5565,819,4784,415,6621,339,181
Trade Debtors5,599,6473,588,5192,482,6343,467,4221,886,529315,204
Group Debtors4,892,890198,853185,834
Misc Debtors2,930,705837,1211,299,3132,409,479
Cash1,374,2122,607,2692,863,5094,146,6845,505,362661,278
misc current assets
total current assets24,519,63915,242,21811,939,84615,843,06312,097,2382,315,663
total assets31,929,45923,708,96819,666,69023,856,22714,930,6082,330,537
Bank overdraft
Bank loan
Trade Creditors 1,502,5565,421,8045,394,8762,350,0681,322,24161,143
Group/Directors Accounts27,940,54315,024,49810,638,91516,302,576485,781
other short term finances10,499,618
hp & lease commitments
other current liabilities914,4632,178,8521,094,5343,215,8131,870,991
total current liabilities30,357,56222,625,15417,128,32521,868,45714,222,8172,417,915
loans
hp & lease commitments
Accruals and Deferred Income515,478515,478515,478
other liabilities646,956
provisions
total long term liabilities646,956515,478515,478515,478
total liabilities31,004,51823,140,63217,643,80322,383,93514,222,8172,417,915
net assets924,941568,3362,022,8871,472,292707,791-87,378
total shareholders funds924,941568,3362,022,8871,472,292707,791-87,378
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Operating Activities
Operating Profit370,577-1,538,458676,2421,261,9951,312,927-89,032
Depreciation1,692,9293,110,9591,421,434725,56716,149425
Amortisation
Tax83,907-48,53440,685-75,990
Stock1,711,7292,901,900-710,9221,403,8163,076,4811,339,181
Debtors8,485,200753,123-1,926,5164,841,7421,571,325315,204
Creditors-3,919,24826,9283,044,8081,027,8271,261,09861,143
Accruals and Deferred Income-1,779,8671,084,318-2,121,2793,731,291-1,870,9911,870,991
Deferred Taxes & Provisions
Cash flow from operations-13,832,538-887,3695,610,109541,807-4,004,613189,142
Investing Activities
capital expenditure-2,834,645-15,299
Change in Investments
cash flow from investments-2,834,645-15,299
Financing Activities
Bank loans
Group/Directors Accounts12,916,0454,385,583-5,663,66116,302,576-485,781485,781
Other Short Term Loans -10,499,61810,499,618
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities646,956
share issue1
interest22,996
cash flow from financing13,563,0014,385,583-5,663,6615,802,95810,036,833485,782
cash and cash equivalents
cash-1,233,057-256,240-1,283,175-1,358,6784,844,084661,278
overdraft
change in cash-1,233,057-256,240-1,283,175-1,358,6784,844,084661,278

mc 2024 limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mc 2024 Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for mc 2024 limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in M 2 area or any other competitors across 12 key performance metrics.

mc 2024 limited Ownership

MC 2024 LIMITED group structure

Mc 2024 Limited has no subsidiary companies.

Ultimate parent company

FB ACQUISITION LLC

#0152296

2 parents

MC 2024 LIMITED

10771654

MC 2024 LIMITED Shareholders

beauty brands acquisition (uk) ltd 100%

mc 2024 limited directors

Mc 2024 Limited currently has 1 director, Mr Simon Cowell serving since Mar 2022.

officercountryagestartendrole
Mr Simon Cowell58 years Mar 2022- Director

P&L

December 2022

turnover

32.2m

-4%

operating profit

370.6k

0%

gross margin

70.2%

+18.83%

turnover

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

Balance Sheet

December 2022

net assets

924.9k

+0.63%

total assets

31.9m

+0.35%

cash

1.4m

-0.47%

net assets

Total assets minus all liabilities

mc 2024 limited company details

company number

10771654

Type

Private limited with Share Capital

industry

47750 - Retail sale of cosmetic and toilet articles in specialised stores

incorporation date

May 2017

age

8

incorporated

UK

ultimate parent company

FB ACQUISITION LLC

accounts

Full Accounts

last accounts submitted

December 2022

previous names

morphe cosmetics limited (July 2024)

accountant

-

auditor

RAYNER ESSEX LLP

address

c/o kroll advisory limited the c, spring gardens, manchester, M2 1EW

Bank

-

Legal Advisor

-

mc 2024 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 mc 2024 limited.

mc 2024 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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mc 2024 limited Companies House Filings - See Documents

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