mgm new homes limited
mgm new homes limited Company Information
Company Number
10990264
Website
www.mgmhomes.co.ukRegistered Address
bourne house 475 godstone road, 475 godstone road, whyteleafe, surrrey, CR3 0BL
Industry
Development of building projects
Telephone
441332835822
Next Accounts Due
July 2025
Group Structure
View All
Directors
Martin McFadden7 Years
Shareholders
martin gary mcfadden 100%
mgm new homes limited Estimated Valuation
Pomanda estimates the enterprise value of MGM NEW HOMES LIMITED at £279.2k based on a Turnover of £568.1k and 0.49x industry multiple (adjusted for size and gross margin).
mgm new homes limited Estimated Valuation
Pomanda estimates the enterprise value of MGM NEW HOMES LIMITED at £0 based on an EBITDA of £-1.9k and a 3.74x industry multiple (adjusted for size and gross margin).
mgm new homes limited Estimated Valuation
Pomanda estimates the enterprise value of MGM NEW HOMES LIMITED at £0 based on Net Assets of £-78.2k and 1.49x industry multiple (adjusted for liquidity).
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Mgm New Homes Limited Overview
Mgm New Homes Limited is a live company located in whyteleafe, CR3 0BL with a Companies House number of 10990264. It operates in the development of building projects sector, SIC Code 41100. Founded in October 2017, it's largest shareholder is martin gary mcfadden with a 100% stake. Mgm New Homes Limited is a young, small sized company, Pomanda has estimated its turnover at £568.1k with low growth in recent years.
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Mgm New Homes Limited Health Check
Pomanda's financial health check has awarded Mgm New Homes Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
5 Weak
Size
annual sales of £568.1k, make it smaller than the average company (£2.3m)
- Mgm New Homes Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (3.5%)
- Mgm New Homes Limited
3.5% - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (26.2%)
- Mgm New Homes Limited
26.2% - Industry AVG
Profitability
an operating margin of -1.6% make it less profitable than the average company (6.5%)
- Mgm New Homes Limited
6.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Mgm New Homes Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)
- Mgm New Homes Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £284.1k, this is equally as efficient (£284.1k)
- Mgm New Homes Limited
£284.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mgm New Homes Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mgm New Homes Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mgm New Homes Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (11 weeks)
29 weeks - Mgm New Homes Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 150.1%, this is a higher level of debt than the average (73.6%)
150.1% - Mgm New Homes Limited
73.6% - Industry AVG
MGM NEW HOMES LIMITED financials
Mgm New Homes Limited's latest turnover from October 2023 is estimated at £568.1 thousand and the company has net assets of -£78.2 thousand. According to their latest financial statements, Mgm New Homes Limited has 2 employees and maintains cash reserves of £100.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 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 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 29,513 | 36,891 | 46,114 | 57,642 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 13,000 | 13,000 | 13,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 42,513 | 49,891 | 59,114 | 57,642 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 12,849 | 12,849 | 104,241 | 53,952 | 111,818 | 45,000 |
| Cash | 100,825 | 84,986 | 629 | 109,093 | 1,135 | 60 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 113,674 | 97,835 | 104,870 | 163,045 | 112,953 | 45,060 |
| total assets | 156,187 | 147,726 | 163,984 | 220,687 | 112,953 | 45,060 |
| Bank overdraft | 0 | 0 | 9,200 | 3,833 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 582 | 0 |
| Group/Directors Accounts | 139,490 | 106,896 | 109,574 | 88,574 | 96,067 | 35,498 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 330 | 330 | 7,248 | 6,651 | 0 | 0 |
| other current liabilities | 35,358 | 33,943 | 21,993 | 8,507 | 11,656 | 8,489 |
| total current liabilities | 175,178 | 141,169 | 148,015 | 107,565 | 108,305 | 43,987 |
| loans | 29,673 | 36,130 | 32,967 | 42,167 | 0 | 0 |
| hp & lease commitments | 23,971 | 33,408 | 35,928 | 43,772 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 5,607 | 7,009 | 8,762 | 3,890 | 0 | 0 |
| total long term liabilities | 59,251 | 76,547 | 77,657 | 89,829 | 0 | 0 |
| total liabilities | 234,429 | 217,716 | 225,672 | 197,394 | 108,305 | 43,987 |
| net assets | -78,242 | -69,990 | -61,688 | 23,293 | 4,648 | 1,073 |
| total shareholders funds | -78,242 | -69,990 | -61,688 | 23,293 | 4,648 | 1,073 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 7,378 | 9,223 | 11,528 | 2,506 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -91,392 | 50,289 | -57,866 | 66,818 | 45,000 |
| Creditors | 0 | 0 | 0 | -582 | 582 | 0 |
| Accruals and Deferred Income | 1,415 | 11,950 | 13,486 | -3,149 | 3,167 | 8,489 |
| Deferred Taxes & Provisions | -1,402 | -1,753 | 4,872 | 3,890 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 13,000 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 32,594 | -2,678 | 21,000 | -7,493 | 60,569 | 35,498 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -6,457 | 3,163 | -9,200 | 42,167 | 0 | 0 |
| Hire Purchase and Lease Commitments | -9,437 | -9,438 | -7,247 | 50,423 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 15,839 | 84,357 | -108,464 | 107,958 | 1,075 | 60 |
| overdraft | 0 | -9,200 | 5,367 | 3,833 | 0 | 0 |
| change in cash | 15,839 | 93,557 | -113,831 | 104,125 | 1,075 | 60 |
mgm new homes limited Credit Report and Business Information
Mgm New Homes Limited Competitor Analysis
Perform a competitor analysis for mgm new homes limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in CR3 area or any other competitors across 12 key performance metrics.
mgm new homes limited Ownership
MGM NEW HOMES LIMITED group structure
Mgm New Homes Limited has no subsidiary companies.
Ultimate parent company
MGM NEW HOMES LIMITED
10990264
mgm new homes limited directors
Mgm New Homes Limited currently has 1 director, Mr Martin McFadden serving since Oct 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin McFadden | England | 40 years | Oct 2017 | - | Director |
P&L
October 2023turnover
568.1k
+4%
operating profit
-9.3k
0%
gross margin
26.2%
+5.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-78.2k
+0.12%
total assets
156.2k
+0.06%
cash
100.8k
+0.19%
net assets
Total assets minus all liabilities
mgm new homes limited company details
company number
10990264
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
October 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
bourne house 475 godstone road, 475 godstone road, whyteleafe, surrrey, CR3 0BL
Bank
-
Legal Advisor
-
mgm new homes 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 mgm new homes limited.
mgm new homes limited Companies House Filings - See Documents
| date | description | view/download |
|---|
