mng developments limited
mng developments limited Company Information
Company Number
12037120
Next Accounts
Mar 2026
Shareholders
nrinder gosal
gurinder gosal
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+2Registered Address
96 vallance road, london, N22 7UG
Website
-mng developments limited Estimated Valuation
Pomanda estimates the enterprise value of MNG DEVELOPMENTS LIMITED at £130.6k based on a Turnover of £57k and 2.29x industry multiple (adjusted for size and gross margin).
mng developments limited Estimated Valuation
Pomanda estimates the enterprise value of MNG DEVELOPMENTS LIMITED at £1.3m based on an EBITDA of £233.8k and a 5.74x industry multiple (adjusted for size and gross margin).
mng developments limited Estimated Valuation
Pomanda estimates the enterprise value of MNG DEVELOPMENTS LIMITED at £2m based on Net Assets of £1m and 1.97x industry multiple (adjusted for liquidity).
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Mng Developments Limited Overview
Mng Developments Limited is a live company located in london, N22 7UG with a Companies House number of 12037120. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in June 2019, it's largest shareholder is nrinder gosal with a 50% stake. Mng Developments Limited is a young, micro sized company, Pomanda has estimated its turnover at £57k with declining growth in recent years.
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Mng Developments Limited Health Check
Pomanda's financial health check has awarded Mng Developments Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £57k, make it smaller than the average company (£759.5k)
- Mng Developments Limited
£759.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (6.8%)
- Mng Developments Limited
6.8% - Industry AVG
Production
with a gross margin of 68%, this company has a comparable cost of product (68%)
- Mng Developments Limited
68% - Industry AVG
Profitability
an operating margin of 401% make it more profitable than the average company (20.7%)
- Mng Developments Limited
20.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Mng Developments Limited
4 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£42k)
- Mng Developments Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £57k, this is less efficient (£165.6k)
- Mng Developments Limited
£165.6k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (38 days)
- Mng Developments Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (31 days)
- Mng Developments Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mng Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Mng Developments Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.3%, this is a higher level of debt than the average (62.4%)
72.3% - Mng Developments Limited
62.4% - Industry AVG
MNG DEVELOPMENTS LIMITED financials
Mng Developments Limited's latest turnover from June 2024 is estimated at £57 thousand and the company has net assets of £1 million. According to their latest financial statements, Mng Developments Limited has 1 employee and maintains cash reserves of £716 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 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 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 22,161 | 27,611 | 34,424 | 1,552,285 | |
| Intangible Assets | |||||
| Investments & Other | 3,660,012 | 3,660,012 | 3,582,920 | 3,625,500 | |
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 3,682,173 | 3,687,623 | 3,617,344 | 3,625,500 | 1,552,285 |
| Stock & work in progress | |||||
| Trade Debtors | 2,914 | ||||
| Group Debtors | |||||
| Misc Debtors | 19,106 | 20,112 | 15,750 | ||
| Cash | 716 | 9,199 | 2,370 | 10,926 | 1,845 |
| misc current assets | |||||
| total current assets | 22,736 | 29,311 | 2,370 | 10,926 | 17,595 |
| total assets | 3,704,909 | 3,716,934 | 3,619,714 | 3,636,426 | 1,569,880 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 1,412 | ||||
| Group/Directors Accounts | 194,495 | 187,572 | 545,468 | 1,131,577 | 749,163 |
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 1,896 | 1,452 | 1,446 | 1,320 | 1,200 |
| total current liabilities | 197,803 | 189,024 | 546,914 | 1,132,897 | 750,363 |
| loans | 2,225,822 | 2,224,926 | 1,774,500 | 1,235,000 | 875,000 |
| hp & lease commitments | |||||
| Accruals and Deferred Income | 255,476 | 255,476 | |||
| other liabilities | 255,476 | 255,476 | |||
| provisions | |||||
| total long term liabilities | 2,481,298 | 2,480,402 | 2,029,976 | 1,490,476 | 875,000 |
| total liabilities | 2,679,101 | 2,669,426 | 2,576,890 | 2,623,373 | 1,625,363 |
| net assets | 1,025,808 | 1,047,508 | 1,042,824 | 1,013,053 | -55,483 |
| total shareholders funds | 1,025,808 | 1,047,508 | 1,042,824 | 1,013,053 | -55,483 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 5,450 | 6,813 | 8,156 | ||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | 1,908 | 20,112 | -15,750 | 15,750 | |
| Creditors | 1,412 | ||||
| Accruals and Deferred Income | 444 | -255,470 | 126 | 255,596 | 1,200 |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 77,092 | -42,580 | 3,625,500 | ||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | 6,923 | -357,896 | -586,109 | 382,414 | 749,163 |
| Other Short Term Loans | |||||
| Long term loans | 896 | 450,426 | 539,500 | 360,000 | 875,000 |
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | 255,476 | ||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -8,483 | 6,829 | -8,556 | 9,081 | 1,845 |
| overdraft | |||||
| change in cash | -8,483 | 6,829 | -8,556 | 9,081 | 1,845 |
mng developments limited Credit Report and Business Information
Mng Developments Limited Competitor Analysis
Perform a competitor analysis for mng developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in N22 area or any other competitors across 12 key performance metrics.
mng developments limited Ownership
MNG DEVELOPMENTS LIMITED group structure
Mng Developments Limited has no subsidiary companies.
Ultimate parent company
MNG DEVELOPMENTS LIMITED
12037120
mng developments limited directors
Mng Developments Limited currently has 2 directors. The longest serving directors include Mrs Gurinder Gosal (Dec 2019) and Dr Nrinder Gosal (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Gurinder Gosal | England | 61 years | Dec 2019 | - | Director |
| Dr Nrinder Gosal | England | 65 years | Dec 2019 | - | Director |
P&L
June 2024turnover
57k
-64%
operating profit
228.4k
0%
gross margin
68%
+0.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
1m
-0.02%
total assets
3.7m
0%
cash
716
-0.92%
net assets
Total assets minus all liabilities
mng developments limited company details
company number
12037120
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
70229 - Management consultancy activities (other than financial management)
incorporation date
June 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2024
previous names
leos international two ltd (January 2020)
accountant
GOLDSTAR ACCOUNTANTS LTD
auditor
-
address
96 vallance road, london, N22 7UG
Bank
-
Legal Advisor
-
mng developments 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 found 10 charges/mortgages relating to mng developments limited. Currently there are 4 open charges and 6 have been satisfied in the past.
mng developments 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 MNG DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
mng developments limited Companies House Filings - See Documents
| date | description | view/download |
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