mg's takeaway house ltd
mg's takeaway house ltd Company Information
Group Structure
View All
Industry
Other retail sale of food in specialised stores
+1Registered Address
263-265 soho road, birmingham, B21 9RY
mg's takeaway house ltd Estimated Valuation
Pomanda estimates the enterprise value of MG'S TAKEAWAY HOUSE LTD at £30.7k based on a Turnover of £58k and 0.53x industry multiple (adjusted for size and gross margin).
mg's takeaway house ltd Estimated Valuation
Pomanda estimates the enterprise value of MG'S TAKEAWAY HOUSE LTD at £9.3k based on an EBITDA of £2.3k and a 4.11x industry multiple (adjusted for size and gross margin).
mg's takeaway house ltd Estimated Valuation
Pomanda estimates the enterprise value of MG'S TAKEAWAY HOUSE LTD at £0 based on Net Assets of £-47.9k and 2.43x industry multiple (adjusted for liquidity).
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Mg's Takeaway House Ltd Overview
Mg's Takeaway House Ltd is a live company located in birmingham, B21 9RY with a Companies House number of 11940250. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in April 2019, it's largest shareholder is narender kumar with a 100% stake. Mg's Takeaway House Ltd is a young, micro sized company, Pomanda has estimated its turnover at £58k with low growth in recent years.
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Mg's Takeaway House Ltd Health Check
Pomanda's financial health check has awarded Mg'S Takeaway House Ltd 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 £58k, make it smaller than the average company (£303.4k)
- Mg's Takeaway House Ltd
£303.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.4%)
- Mg's Takeaway House Ltd
6.4% - Industry AVG
Production
with a gross margin of 45.8%, this company has a comparable cost of product (45.8%)
- Mg's Takeaway House Ltd
45.8% - Industry AVG
Profitability
an operating margin of 3.8% make it more profitable than the average company (3.1%)
- Mg's Takeaway House Ltd
3.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (9)
1 - Mg's Takeaway House Ltd
9 - Industry AVG
Pay Structure
on an average salary of £13.9k, the company has an equivalent pay structure (£13.9k)
- Mg's Takeaway House Ltd
£13.9k - Industry AVG
Efficiency
resulting in sales per employee of £58k, this is equally as efficient (£58k)
- Mg's Takeaway House Ltd
£58k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mg's Takeaway House Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mg's Takeaway House Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mg's Takeaway House Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (23 weeks)
6 weeks - Mg's Takeaway House Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 368.7%, this is a higher level of debt than the average (81.8%)
368.7% - Mg's Takeaway House Ltd
81.8% - Industry AVG
MG'S TAKEAWAY HOUSE LTD financials
Mg'S Takeaway House Ltd's latest turnover from April 2023 is estimated at £58 thousand and the company has net assets of -£47.9 thousand. According to their latest financial statements, Mg'S Takeaway House Ltd has 1 employee and maintains cash reserves of £3.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| 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 | 1 | 2 | 2 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Tangible Assets | 303 | 379 | 474 | |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 303 | 379 | 474 | |
| Stock & work in progress | ||||
| Trade Debtors | ||||
| Group Debtors | ||||
| Misc Debtors | 14,343 | 16,577 | 14,343 | |
| Cash | 3,185 | 3,002 | 2,479 | 100 |
| misc current assets | 14,644 | |||
| total current assets | 17,528 | 19,579 | 31,466 | 100 |
| total assets | 17,831 | 19,958 | 31,940 | 100 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | ||||
| Group/Directors Accounts | 20,948 | 3,248 | ||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 4,880 | 14,700 | 9,102 | |
| total current liabilities | 25,828 | 17,948 | 9,102 | |
| loans | 39,910 | 47,754 | 50,000 | |
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | 39,910 | 47,754 | 50,000 | |
| total liabilities | 65,738 | 65,702 | 59,102 | |
| net assets | -47,907 | -45,744 | -27,162 | 100 |
| total shareholders funds | -47,907 | -45,744 | -27,162 | 100 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 76 | 95 | 119 | |
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | -2,234 | 2,234 | 14,343 | |
| Creditors | ||||
| Accruals and Deferred Income | -9,820 | 5,598 | 9,102 | |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 17,700 | 3,248 | ||
| Other Short Term Loans | ||||
| Long term loans | -7,844 | -2,246 | 50,000 | |
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 183 | 523 | 2,379 | 100 |
| overdraft | ||||
| change in cash | 183 | 523 | 2,379 | 100 |
mg's takeaway house ltd Credit Report and Business Information
Mg's Takeaway House Ltd Competitor Analysis
Perform a competitor analysis for mg's takeaway house ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in B21 area or any other competitors across 12 key performance metrics.
mg's takeaway house ltd Ownership
MG'S TAKEAWAY HOUSE LTD group structure
Mg'S Takeaway House Ltd has no subsidiary companies.
Ultimate parent company
MG'S TAKEAWAY HOUSE LTD
11940250
mg's takeaway house ltd directors
Mg'S Takeaway House Ltd currently has 1 director, Mr Narender Kumar serving since Nov 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Narender Kumar | England | 34 years | Nov 2023 | - | Director |
P&L
April 2023turnover
58k
-50%
operating profit
2.2k
0%
gross margin
45.8%
+7.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-47.9k
+0.05%
total assets
17.8k
-0.11%
cash
3.2k
+0.06%
net assets
Total assets minus all liabilities
Similar Companies
mg's takeaway house ltd company details
company number
11940250
Type
Private limited with Share Capital
industry
47290 - Other retail sale of food in specialised stores
56103 - Take away food shops and mobile food stands
incorporation date
April 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
mg's takeway house ltd (April 2020)
manjit gill foods ltd (March 2020)
accountant
-
auditor
-
address
263-265 soho road, birmingham, B21 9RY
Bank
-
Legal Advisor
-
mg's takeaway house ltd 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 mg's takeaway house ltd.
mg's takeaway house ltd 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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mg's takeaway house ltd Companies House Filings - See Documents
| date | description | view/download |
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