mc 2024 limited
mc 2024 limited Company Information
Company Number
10771654
Next Accounts
165 days late
Directors
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
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
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
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
3 Strong
3 Regular
6 Weak
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
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
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
an operating margin of 1.2% make it less profitable than the average company (4%)
1.2% - Mc 2024 Limited
4% - Industry AVG
Employees
with 149 employees, this is above the industry average (62)
149 - Mc 2024 Limited
62 - Industry AVG
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
resulting in sales per employee of £215.9k, this is equally as efficient (£210.8k)
£215.9k - Mc 2024 Limited
£210.8k - Industry AVG
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
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
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
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
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
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 House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 32,162,270 | 33,425,386 | 45,135,186 | 39,449,282 | 21,605,210 | 2,861,510 |
| Other Income Or Grants | ||||||
| Cost Of Sales | 9,594,633 | 13,688,228 | 23,222,564 | 21,324,038 | 11,960,581 | 2,003,148 |
| Gross Profit | 22,567,637 | 19,737,158 | 21,912,622 | 18,125,244 | 9,644,629 | 858,362 |
| Admin Expenses | 21,275,616 | |||||
| Operating Profit | -1,538,458 | |||||
| Interest Payable | 129 | |||||
| Interest Receivable | ||||||
| Pre-Tax Profit | 356,605 | -1,538,458 | 599,129 | 723,816 | 871,159 | -87,379 |
| Tax | 83,907 | -48,534 | 40,685 | -75,990 | ||
| Profit After Tax | 356,605 | -1,454,551 | 550,595 | 764,501 | 795,169 | -87,379 |
| Dividends Paid | ||||||
| Retained Profit | 356,605 | -1,454,551 | 550,595 | 764,501 | 795,169 | -87,379 |
| Employee Costs | 4,587,487 | 4,224,570 | 4,384,423 | 3,511,377 | ||
| Number Of Employees | 149 | 146 | 153 | 105 | 23 | 5 |
| EBITDA* | 1,572,501 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 6,792,984 | 7,536,365 | 6,892,870 | 7,161,794 | 2,833,370 | 14,874 |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | 616,836 | 930,385 | 833,974 | 851,370 | ||
| Total Fixed Assets | 7,409,820 | 8,466,750 | 7,726,844 | 8,013,164 | 2,833,370 | 14,874 |
| Stock & work in progress | 9,722,185 | 8,010,456 | 5,108,556 | 5,819,478 | 4,415,662 | 1,339,181 |
| Trade Debtors | 5,599,647 | 3,588,519 | 2,482,634 | 3,467,422 | 1,886,529 | 315,204 |
| Group Debtors | 4,892,890 | 198,853 | 185,834 | |||
| Misc Debtors | 2,930,705 | 837,121 | 1,299,313 | 2,409,479 | ||
| Cash | 1,374,212 | 2,607,269 | 2,863,509 | 4,146,684 | 5,505,362 | 661,278 |
| misc current assets | ||||||
| total current assets | 24,519,639 | 15,242,218 | 11,939,846 | 15,843,063 | 12,097,238 | 2,315,663 |
| total assets | 31,929,459 | 23,708,968 | 19,666,690 | 23,856,227 | 14,930,608 | 2,330,537 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 1,502,556 | 5,421,804 | 5,394,876 | 2,350,068 | 1,322,241 | 61,143 |
| Group/Directors Accounts | 27,940,543 | 15,024,498 | 10,638,915 | 16,302,576 | 485,781 | |
| other short term finances | 10,499,618 | |||||
| hp & lease commitments | ||||||
| other current liabilities | 914,463 | 2,178,852 | 1,094,534 | 3,215,813 | 1,870,991 | |
| total current liabilities | 30,357,562 | 22,625,154 | 17,128,325 | 21,868,457 | 14,222,817 | 2,417,915 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | 515,478 | 515,478 | 515,478 | |||
| other liabilities | 646,956 | |||||
| provisions | ||||||
| total long term liabilities | 646,956 | 515,478 | 515,478 | 515,478 | ||
| total liabilities | 31,004,518 | 23,140,632 | 17,643,803 | 22,383,935 | 14,222,817 | 2,417,915 |
| net assets | 924,941 | 568,336 | 2,022,887 | 1,472,292 | 707,791 | -87,378 |
| total shareholders funds | 924,941 | 568,336 | 2,022,887 | 1,472,292 | 707,791 | -87,378 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -1,538,458 | |||||
| Depreciation | 1,692,929 | 3,110,959 | 1,421,434 | 725,567 | 16,149 | 425 |
| Amortisation | ||||||
| Tax | 83,907 | -48,534 | 40,685 | -75,990 | ||
| Stock | 1,711,729 | 2,901,900 | -710,922 | 1,403,816 | 3,076,481 | 1,339,181 |
| Debtors | 8,485,200 | 753,123 | -1,926,516 | 4,841,742 | 1,571,325 | 315,204 |
| Creditors | -3,919,248 | 26,928 | 3,044,808 | 1,027,827 | 1,261,098 | 61,143 |
| Accruals and Deferred Income | -1,779,867 | 1,084,318 | -2,121,279 | 3,731,291 | -1,870,991 | 1,870,991 |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | -887,369 | |||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | 12,916,045 | 4,385,583 | -5,663,661 | 16,302,576 | -485,781 | 485,781 |
| Other Short Term Loans | -10,499,618 | 10,499,618 | ||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | 646,956 | |||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | 13,563,001 | 4,385,583 | -5,663,661 | 5,802,958 | 485,782 | |
| cash and cash equivalents | ||||||
| cash | -1,233,057 | -256,240 | -1,283,175 | -1,358,678 | 4,844,084 | 661,278 |
| overdraft | ||||||
| change in cash | -1,233,057 | -256,240 | -1,283,175 | -1,358,678 | 4,844,084 | 661,278 |
mc 2024 limited Credit Report and Business Information
Mc 2024 Limited Competitor Analysis
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 directors
Mc 2024 Limited currently has 1 director, Mr Simon Cowell serving since Mar 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Cowell | 58 years | Mar 2022 | - | Director |
P&L
December 2022turnover
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 2022net 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
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.
Click to start generating capital raising & share issue transactions for MC 2024 LIMITED. This can take several minutes, an email will notify you when this has completed.
mc 2024 limited Companies House Filings - See Documents
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