Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
6th floor, 75, king william street, london, EC4N 7BE
Website
-
mgate property limitedEstimated Valuation
£5.3m
Pomanda estimates the enterprise value of MGATE PROPERTY LIMITED at £5.3m based on a Turnover of £1.6m and 3.24x industry multiple (adjusted for size and gross margin).
mgate property limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MGATE PROPERTY LIMITED at £0 based on an EBITDA of £-1.1m and a 6.31x industry multiple (adjusted for size and gross margin).
mgate property limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MGATE PROPERTY LIMITED at £0 based on Net Assets of £-1.4m and 1.68x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mgate Property LimitedOverview
Mgate Property Limited is a live company located in london, EC4N 7BE with a Companies House number of 11719004. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2018, it's largest shareholder is
kcm properties holdings limited
with a 100% stake. Mgate Property Limited is a young,
small sized company, Pomanda has estimated its turnover at
£1.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Mgate Property Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
3 Regular
4 Weak
Size
annual sales of £1.6m, make it larger than the average company (£1.1m)
£1.6m - Mgate Property Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (3.7%)
38% - Mgate Property Limited
3.7% - Industry AVG
Production
with a gross margin of 71%, this company has a comparable cost of product (71%)
71% - Mgate Property Limited
71% - Industry AVG
Profitability
an operating margin of -65.2% make it less profitable than the average company (21.5%)
-65.2% - Mgate Property Limited
21.5% - Industry AVG
Employees
with 9 employees, this is above the industry average (4)
9 - Mgate Property Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.2k, the company has an equivalent pay structure (£33.2k)
£33.2k - Mgate Property Limited
£33.2k - Industry AVG
Efficiency
resulting in sales per employee of £181.2k, this is equally as efficient (£202.7k)
£181.2k - Mgate Property Limited
£202.7k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (33 days)
45 days - Mgate Property Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 80 days, this is slower than average (34 days)
80 days - Mgate Property Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mgate Property Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Mgate Property Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.7%, this is a higher level of debt than the average (71.6%)
108.7% - Mgate Property Limited
71.6% - Industry AVG
MGATE PROPERTY LIMITED financials
EXPORT
Mgate Property Limited's latest turnover from December 2023 is estimated at £1.6 million and the company has net assets of -£1.4 million. According to their latest financial statements, we estimate that Mgate Property Limited has 9 employees and maintains cash reserves of £23.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Turnover
1,631,235
155,206
803,685
620,697
105,983
Other Income Or Grants
Cost Of Sales
472,810
45,424
251,361
193,315
34,911
Gross Profit
1,158,425
109,782
552,324
427,382
71,072
Admin Expenses
2,222,859
100,284
-221,086
648,230
-1,208,743
Operating Profit
-1,064,434
9,498
773,410
-220,848
1,279,815
Interest Payable
1,786,835
1,508,883
992,686
941,392
505,653
Interest Receivable
1,315
4,363
484
127
336
Pre-Tax Profit
-2,849,954
-1,495,022
-218,793
-1,162,113
774,498
Tax
-147,155
Profit After Tax
-2,849,954
-1,495,022
-218,793
-1,162,113
627,343
Dividends Paid
Retained Profit
-2,849,954
-1,495,022
-218,793
-1,162,113
627,343
Employee Costs
298,487
31,487
181,130
142,260
29,284
Number Of Employees
9
1
6
5
1
EBITDA*
-1,053,598
9,498
773,410
-220,848
1,279,815
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Tangible Assets
43,346
27,091
Intangible Assets
Investments & Other
14,750,000
17,000,000
18,600,000
19,250,000
19,750,000
Debtors (Due After 1 year)
324,721
82,036
96,964
111,854
126,875
Total Fixed Assets
15,118,067
17,109,127
18,696,964
19,361,854
19,876,875
Stock & work in progress
Trade Debtors
201,147
18,777
115,218
59,452
Group Debtors
101,882
Misc Debtors
508,985
424,492
647,142
677,635
556,791
Cash
23,215
26,875
222,439
164,427
89,687
misc current assets
total current assets
733,347
572,026
984,799
901,514
646,478
total assets
15,851,414
17,681,153
19,681,763
20,263,368
20,523,353
Bank overdraft
Bank loan
Trade Creditors
104,710
18,357
26,078
25,357
Group/Directors Accounts
850,325
200,063
631,804
465,988
other short term finances
hp & lease commitments
other current liabilities
396,592
313,055
610,859
568,008
643,887
total current liabilities
1,351,627
331,412
837,000
1,199,812
1,135,232
loans
15,882,978
15,882,978
15,882,978
15,882,978
14,982,321
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
63,109
total long term liabilities
15,882,978
15,882,978
15,882,978
15,882,978
15,045,430
total liabilities
17,234,605
16,214,390
16,719,978
17,082,790
16,180,662
net assets
-1,383,191
1,466,763
2,961,785
3,180,578
4,342,691
total shareholders funds
-1,383,191
1,466,763
2,961,785
3,180,578
4,342,691
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Operating Activities
Operating Profit
-1,064,434
9,498
773,410
-220,848
1,279,815
Depreciation
10,836
Amortisation
Tax
-147,155
Stock
Debtors
407,666
-232,137
10,383
165,275
683,666
Creditors
86,353
-7,721
26,078
-25,357
25,357
Accruals and Deferred Income
83,537
-297,804
42,851
-75,879
643,887
Deferred Taxes & Provisions
-63,109
63,109
Cash flow from operations
-1,291,374
-63,890
831,956
-550,468
1,181,347
Investing Activities
capital expenditure
-27,091
-27,091
Change in Investments
-2,250,000
-1,600,000
-650,000
-500,000
19,750,000
cash flow from investments
2,222,909
1,572,909
650,000
500,000
-19,750,000
Financing Activities
Bank loans
Group/Directors Accounts
850,325
-200,063
-431,741
165,816
465,988
Other Short Term Loans
Long term loans
900,657
14,982,321
Hire Purchase and Lease Commitments
other long term liabilities
share issue
3,715,348
interest
-1,785,520
-1,504,520
-992,202
-941,265
-505,317
cash flow from financing
-935,195
-1,704,583
-1,423,943
125,208
18,658,340
cash and cash equivalents
cash
-3,660
-195,564
58,012
74,740
89,687
overdraft
change in cash
-3,660
-195,564
58,012
74,740
89,687
mgate property limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mgate property limited. Get real-time insights into mgate property limited's credit score, group structure and payment trends.
Perform a competitor analysis for mgate property limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in EC4N area or any other competitors across 12 key performance metrics.
mgate property limited Ownership
MGATE PROPERTY LIMITED group structure
Mgate Property Limited has no subsidiary companies.
Ultimate parent company
MGATE PROPERTY LIMITED
11719004
MGATE PROPERTY LIMITED Shareholders
The sole shareholder of Mgate Property Limited is Kcm Properties Holdings Limited.
kcm properties holdings limited
100%
mgate property limited directors
Mgate Property Limited currently has 2 directors.
The longest serving directors include
Mr Shiqi Xu (Sep 2024) and
Mr Ben Baraki (Sep 2024).
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
December 2018
age
7
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GERALD EDELMAN LLP
address
6th floor, 75, king william street, london, EC4N 7BE
Bank
-
Legal Advisor
-
mgate property 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 mgate property limited.
mgate property 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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mgate property limitedCompanies House Filings - See Documents
