mecsia group limited
mecsia group limited Company Information
Company Number
12830508
Website
-Registered Address
si1 parsons green, st. ives, cambridgeshire, PE27 4AA
Industry
Other business support service activities n.e.c.
Telephone
01480493800
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
rockpool investment nominee limited 74%
colin anthony wills 11.6%
View Allmecsia group limited Estimated Valuation
Pomanda estimates the enterprise value of MECSIA GROUP LIMITED at £42.3m based on a Turnover of £44.9m and 0.94x industry multiple (adjusted for size and gross margin).
mecsia group limited Estimated Valuation
Pomanda estimates the enterprise value of MECSIA GROUP LIMITED at £20.8m based on an EBITDA of £2.8m and a 7.39x industry multiple (adjusted for size and gross margin).
mecsia group limited Estimated Valuation
Pomanda estimates the enterprise value of MECSIA GROUP LIMITED at £12.9m based on Net Assets of £5.7m and 2.27x industry multiple (adjusted for liquidity).
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Mecsia Group Limited Overview
Mecsia Group Limited is a live company located in cambridgeshire, PE27 4AA with a Companies House number of 12830508. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in August 2020, it's largest shareholder is rockpool investment nominee limited with a 74% stake. Mecsia Group Limited is a startup, large sized company, Pomanda has estimated its turnover at £44.9m with unknown growth in recent years.
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Mecsia Group Limited Health Check
Pomanda's financial health check has awarded Mecsia Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £44.9m, make it larger than the average company (£3.8m)
£44.9m - Mecsia Group Limited
£3.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mecsia Group Limited
- - Industry AVG
Production
with a gross margin of 24.7%, this company has a higher cost of product (38.9%)
24.7% - Mecsia Group Limited
38.9% - Industry AVG
Profitability
an operating margin of 3% make it less profitable than the average company (6.3%)
3% - Mecsia Group Limited
6.3% - Industry AVG
Employees
with 390 employees, this is above the industry average (25)
390 - Mecsia Group Limited
25 - Industry AVG
Pay Structure
on an average salary of £42.5k, the company has an equivalent pay structure (£50.6k)
£42.5k - Mecsia Group Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £115.1k, this is less efficient (£157.6k)
£115.1k - Mecsia Group Limited
£157.6k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (44 days)
58 days - Mecsia Group Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (33 days)
50 days - Mecsia Group Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (32 days)
1 days - Mecsia Group Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (24 weeks)
12 weeks - Mecsia Group Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.1%, this is a higher level of debt than the average (63.6%)
77.1% - Mecsia Group Limited
63.6% - Industry AVG
mecsia group limited Credit Report and Business Information
Mecsia Group Limited Competitor Analysis
Perform a competitor analysis for mecsia group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mecsia group limited Ownership
MECSIA GROUP LIMITED group structure
Mecsia Group Limited has 1 subsidiary company.
mecsia group limited directors
Mecsia Group Limited currently has 5 directors. The longest serving directors include Mr Ian Wheeler (Aug 2020) and Mr Christopher Kindon (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Wheeler | 65 years | Aug 2020 | - | Director | |
| Mr Christopher Kindon | United Kingdom | 43 years | Dec 2020 | - | Director |
| Mr Jonathan Coiley | 52 years | May 2021 | - | Director | |
| Mr Andrew Aylwin | 53 years | Sep 2021 | - | Director | |
| Miss Paula Miller | England | 52 years | Jan 2023 | - | Director |
MECSIA GROUP LIMITED financials
Mecsia Group Limited's latest turnover from December 2022 is £44.9 million and the company has net assets of £5.7 million. According to their latest financial statements, Mecsia Group Limited has 390 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 44,871,015 | 30,523,092 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 33,786,285 | 23,722,949 |
| Gross Profit | 11,084,730 | 6,800,143 |
| Admin Expenses | 9,752,104 | 7,139,920 |
| Operating Profit | 1,332,626 | -339,777 |
| Interest Payable | 768,547 | 492,481 |
| Interest Receivable | 0 | 71 |
| Pre-Tax Profit | 564,079 | -832,187 |
| Tax | -484,086 | 44,242 |
| Profit After Tax | 79,993 | -787,945 |
| Dividends Paid | 0 | 0 |
| Retained Profit | 79,993 | -787,945 |
| Employee Costs | 16,575,104 | 11,551,755 |
| Number Of Employees | 390 | 248 |
| EBITDA* | 2,814,173 | 768,828 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 524,532 | 308,381 |
| Intangible Assets | 11,128,980 | 9,325,576 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 11,653,512 | 9,633,957 |
| Stock & work in progress | 109,570 | 436,723 |
| Trade Debtors | 7,249,152 | 5,826,838 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 3,350,821 | 2,234,547 |
| Cash | 2,517,339 | 1,163,573 |
| misc current assets | 0 | 0 |
| total current assets | 13,226,882 | 9,661,681 |
| total assets | 24,880,394 | 19,295,638 |
| Bank overdraft | 0 | 0 |
| Bank loan | 693,332 | 693,332 |
| Trade Creditors | 4,719,119 | 4,088,916 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 5,282,874 | 3,058,167 |
| total current liabilities | 10,695,325 | 7,840,415 |
| loans | 8,307,503 | 7,480,002 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 167,927 | 92,653 |
| total long term liabilities | 8,475,430 | 7,572,655 |
| total liabilities | 19,170,755 | 15,413,070 |
| net assets | 5,709,639 | 3,882,568 |
| total shareholders funds | 5,709,639 | 3,882,568 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 1,332,626 | -339,777 |
| Depreciation | 241,216 | 122,109 |
| Amortisation | 1,240,331 | 986,496 |
| Tax | -484,086 | 44,242 |
| Stock | -327,153 | 436,723 |
| Debtors | 2,538,588 | 8,061,385 |
| Creditors | 630,203 | 4,088,916 |
| Accruals and Deferred Income | 2,224,707 | 3,058,167 |
| Deferred Taxes & Provisions | 75,274 | 92,653 |
| Cash flow from operations | 3,048,836 | -445,302 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | 0 | 693,332 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 827,501 | 7,480,002 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -768,547 | -492,410 |
| cash flow from financing | 1,806,032 | 12,351,437 |
| cash and cash equivalents | ||
| cash | 1,353,766 | 1,163,573 |
| overdraft | 0 | 0 |
| change in cash | 1,353,766 | 1,163,573 |
P&L
December 2022turnover
44.9m
+47%
operating profit
1.3m
-492%
gross margin
24.8%
+10.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.7m
+0.47%
total assets
24.9m
+0.29%
cash
2.5m
+1.16%
net assets
Total assets minus all liabilities
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mecsia group limited company details
company number
12830508
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
August 2020
age
4
accounts
Group
ultimate parent company
previous names
cambridge maintenance services group limited (February 2022)
incorporated
UK
address
si1 parsons green, st. ives, cambridgeshire, PE27 4AA
last accounts submitted
December 2022
mecsia group 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 3 charges/mortgages relating to mecsia group limited. Currently there are 3 open charges and 0 have been satisfied in the past.
mecsia group limited Companies House Filings - See Documents
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