mkc wealth holdings ltd
mkc wealth holdings ltd Company Information
Company Number
12743231
Next Accounts
142 days late
Shareholders
riviera group bidco limited
Group Structure
View All
Industry
Activities of financial services holding companies
Registered Address
walsingham house, 35 seething lane, london, EC3N 4AH
Website
mkcwealth.commkc wealth holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of MKC WEALTH HOLDINGS LTD at £7m based on a Turnover of £5.2m and 1.34x industry multiple (adjusted for size and gross margin).
mkc wealth holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of MKC WEALTH HOLDINGS LTD at £1.6m based on an EBITDA of £361.8k and a 4.5x industry multiple (adjusted for size and gross margin).
mkc wealth holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of MKC WEALTH HOLDINGS LTD at £259.9k based on Net Assets of £138.9k and 1.87x industry multiple (adjusted for liquidity).
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Mkc Wealth Holdings Ltd Overview
Mkc Wealth Holdings Ltd is a live company located in london, EC3N 4AH with a Companies House number of 12743231. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in July 2020, it's largest shareholder is riviera group bidco limited with a 100% stake. Mkc Wealth Holdings Ltd is a young, mid sized company, Pomanda has estimated its turnover at £5.2m with unknown growth in recent years.
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Mkc Wealth Holdings Ltd Health Check
Pomanda's financial health check has awarded Mkc Wealth Holdings Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
7 Weak
Size
annual sales of £5.2m, make it smaller than the average company (£10.7m)
£5.2m - Mkc Wealth Holdings Ltd
£10.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mkc Wealth Holdings Ltd
- - Industry AVG
Production
with a gross margin of 59.7%, this company has a higher cost of product (78.8%)
59.7% - Mkc Wealth Holdings Ltd
78.8% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (12.1%)
1.5% - Mkc Wealth Holdings Ltd
12.1% - Industry AVG
Employees
with 53 employees, this is similar to the industry average (62)
53 - Mkc Wealth Holdings Ltd
62 - Industry AVG
Pay Structure
on an average salary of £75.7k, the company has an equivalent pay structure (£82.8k)
£75.7k - Mkc Wealth Holdings Ltd
£82.8k - Industry AVG
Efficiency
resulting in sales per employee of £98.5k, this is less efficient (£210.8k)
£98.5k - Mkc Wealth Holdings Ltd
£210.8k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (45 days)
43 days - Mkc Wealth Holdings Ltd
45 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (51 days)
15 days - Mkc Wealth Holdings Ltd
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mkc Wealth Holdings Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (29 weeks)
4 weeks - Mkc Wealth Holdings Ltd
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.9%, this is a higher level of debt than the average (57.4%)
97.9% - Mkc Wealth Holdings Ltd
57.4% - Industry AVG
MKC WEALTH HOLDINGS LTD financials
Mkc Wealth Holdings Ltd's latest turnover from December 2022 is £5.2 million and the company has net assets of £138.9 thousand. According to their latest financial statements, Mkc Wealth Holdings Ltd has 53 employees and maintains cash reserves of £435 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 5,221,563 | |
| Other Income Or Grants | 0 | |
| Cost Of Sales | 2,103,375 | |
| Gross Profit | 3,118,188 | |
| Admin Expenses | 3,042,402 | |
| Operating Profit | 75,786 | |
| Interest Payable | 36,964 | |
| Interest Receivable | 5 | |
| Pre-Tax Profit | 38,827 | |
| Tax | -23,669 | |
| Profit After Tax | 15,158 | |
| Dividends Paid | 0 | |
| Retained Profit | 15,158 | |
| Employee Costs | 4,010,917 | |
| Number Of Employees | 53 | 2 |
| EBITDA* | 361,778 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 120,874 | 0 |
| Intangible Assets | 4,248,592 | 0 |
| Investments & Other | 0 | 1,268,663 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 4,369,466 | 1,268,663 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 627,333 | 0 |
| Group Debtors | 356,035 | 0 |
| Misc Debtors | 691,826 | 0 |
| Cash | 434,993 | 0 |
| misc current assets | 9,000 | 0 |
| total current assets | 2,119,187 | 0 |
| total assets | 6,488,653 | 1,268,663 |
| Bank overdraft | 0 | 0 |
| Bank loan | 9,872 | 0 |
| Trade Creditors | 88,148 | 670,357 |
| Group/Directors Accounts | 3,721,959 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 1,514,444 | 300,893 |
| total current liabilities | 5,334,423 | 971,250 |
| loans | 25,780 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 965,922 | 0 |
| other liabilities | 0 | 299,110 |
| provisions | 23,669 | 0 |
| total long term liabilities | 1,015,371 | 299,110 |
| total liabilities | 6,349,794 | 1,270,360 |
| net assets | 138,859 | -1,697 |
| total shareholders funds | 138,859 | -1,697 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 75,786 | |
| Depreciation | 19,481 | 0 |
| Amortisation | 266,511 | 0 |
| Tax | -23,669 | |
| Stock | 0 | 0 |
| Debtors | 1,675,194 | 0 |
| Creditors | -582,209 | 670,357 |
| Accruals and Deferred Income | 2,179,473 | 300,893 |
| Deferred Taxes & Provisions | 23,669 | 0 |
| Cash flow from operations | 283,848 | |
| Investing Activities | ||
| capital expenditure | 0 | |
| Change in Investments | -1,268,663 | 1,268,663 |
| cash flow from investments | 1,268,663 | |
| Financing Activities | ||
| Bank loans | 9,872 | 0 |
| Group/Directors Accounts | 3,721,959 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 25,780 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | -299,110 | 299,110 |
| share issue | ||
| interest | -36,959 | |
| cash flow from financing | 3,546,940 | |
| cash and cash equivalents | ||
| cash | 434,993 | 0 |
| overdraft | 0 | 0 |
| change in cash | 434,993 | 0 |
mkc wealth holdings ltd Credit Report and Business Information
Mkc Wealth Holdings Ltd Competitor Analysis
Perform a competitor analysis for mkc wealth holdings ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3N area or any other competitors across 12 key performance metrics.
mkc wealth holdings ltd Ownership
MKC WEALTH HOLDINGS LTD group structure
Mkc Wealth Holdings Ltd has 9 subsidiary companies.
Ultimate parent company
RIVIERA GROUP BIDCO LTD
#0143779
2 parents
MKC WEALTH HOLDINGS LTD
12743231
9 subsidiaries
mkc wealth holdings ltd directors
Mkc Wealth Holdings Ltd currently has 6 directors. The longest serving directors include Mr Nigel Speirs (Sep 2021) and Mrs Morven Grierson (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nigel Speirs | United Kingdom | 67 years | Sep 2021 | - | Director |
| Mrs Morven Grierson | United Kingdom | 48 years | Sep 2021 | - | Director |
| Mr Dominic Rose | United Kingdom | 40 years | Sep 2021 | - | Director |
| Ms Morven Grierson | United Kingdom | 48 years | Sep 2021 | - | Director |
| Mr Edward McNeill | United Kingdom | 46 years | Jun 2023 | - | Director |
| Mr Daniel Cowland | United Kingdom | 51 years | Aug 2024 | - | Director |
P&L
December 2022turnover
5.2m
0%
operating profit
75.8k
0%
gross margin
59.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
138.9k
-82.83%
total assets
6.5m
+4.11%
cash
435k
0%
net assets
Total assets minus all liabilities
Similar Companies
mkc wealth holdings ltd company details
company number
12743231
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
July 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
VENTHAMS
auditor
BDO LLP
address
walsingham house, 35 seething lane, london, EC3N 4AH
Bank
-
Legal Advisor
-
mkc wealth holdings 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 found 1 charges/mortgages relating to mkc wealth holdings ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
mkc wealth holdings 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.
Click to start generating capital raising & share issue transactions for MKC WEALTH HOLDINGS LTD. This can take several minutes, an email will notify you when this has completed.
mkc wealth holdings ltd Companies House Filings - See Documents
| date | description | view/download |
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