mrm group limited
mrm group limited Company Information
Company Number
13063761
Website
-Registered Address
36 main street carlton, nuneaton, warwickshire, CV13 0EZ
Industry
Demolition
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
mrm group holdings limited 100%
mrm group limited Estimated Valuation
Pomanda estimates the enterprise value of MRM GROUP LIMITED at £3.3m based on a Turnover of £13m and 0.25x industry multiple (adjusted for size and gross margin).
mrm group limited Estimated Valuation
Pomanda estimates the enterprise value of MRM GROUP LIMITED at £1.7m based on an EBITDA of £644.1k and a 2.59x industry multiple (adjusted for size and gross margin).
mrm group limited Estimated Valuation
Pomanda estimates the enterprise value of MRM GROUP LIMITED at £76.5k based on Net Assets of £134.9k and 0.57x industry multiple (adjusted for liquidity).
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Mrm Group Limited Overview
Mrm Group Limited is a live company located in warwickshire, CV13 0EZ with a Companies House number of 13063761. It operates in the demolition sector, SIC Code 43110. Founded in December 2020, it's largest shareholder is mrm group holdings limited with a 100% stake. Mrm Group Limited is a startup, mid sized company, Pomanda has estimated its turnover at £13m with unknown growth in recent years.
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Mrm Group Limited Health Check
Pomanda's financial health check has awarded Mrm Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
5 Weak
Size
annual sales of £13m, make it in line with the average company (£11.2m)
£13m - Mrm Group Limited
£11.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mrm Group Limited
- - Industry AVG
Production
with a gross margin of 13.1%, this company has a higher cost of product (24.9%)
13.1% - Mrm Group Limited
24.9% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (4.1%)
0% - Mrm Group Limited
4.1% - Industry AVG
Employees
with 77 employees, this is above the industry average (50)
77 - Mrm Group Limited
50 - Industry AVG
Pay Structure
on an average salary of £42.5k, the company has an equivalent pay structure (£49.8k)
£42.5k - Mrm Group Limited
£49.8k - Industry AVG
Efficiency
resulting in sales per employee of £168.5k, this is less efficient (£241.5k)
£168.5k - Mrm Group Limited
£241.5k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is near the average (52 days)
54 days - Mrm Group Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is close to average (55 days)
60 days - Mrm Group Limited
55 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (4 days)
0 days - Mrm Group Limited
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (16 weeks)
1 weeks - Mrm Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.5%, this is a higher level of debt than the average (58.1%)
97.5% - Mrm Group Limited
58.1% - Industry AVG
MRM GROUP LIMITED financials
Mrm Group Limited's latest turnover from June 2023 is £13 million and the company has net assets of £134.9 thousand. According to their latest financial statements, Mrm Group Limited has 77 employees and maintains cash reserves of £104.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Turnover | 12,976,390 | 14,477,539 | 967,098 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 11,280,012 | 11,963,587 | 855,445 |
| Gross Profit | 1,696,378 | 2,513,952 | 111,653 |
| Admin Expenses | 1,698,862 | 2,134,247 | 142,711 |
| Operating Profit | -2,484 | 379,705 | -31,058 |
| Interest Payable | 114,825 | 76,851 | 4,428 |
| Interest Receivable | 2 | 105 | 0 |
| Pre-Tax Profit | -117,307 | 302,959 | -35,486 |
| Tax | 41,963 | 122,837 | -9,589 |
| Profit After Tax | -75,344 | 425,796 | -45,075 |
| Dividends Paid | 250,800 | 162,700 | 0 |
| Retained Profit | -326,144 | 263,096 | -45,075 |
| Employee Costs | 3,274,388 | 3,011,106 | 229,644 |
| Number Of Employees | 77 | 72 | 56 |
| EBITDA* | 644,062 | 962,691 | -5,900 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | 2,942,454 | 3,701,267 | 2,404,200 |
| Intangible Assets | -230,219 | -308,703 | -385,879 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 2,712,235 | 3,392,564 | 2,018,321 |
| Stock & work in progress | 29,370 | 121,244 | 124,091 |
| Trade Debtors | 1,920,207 | 1,842,316 | 1,359,135 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 585,798 | 686,725 | 313,476 |
| Cash | 104,525 | 148,287 | 230,497 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 2,639,900 | 2,798,572 | 2,027,199 |
| total assets | 5,352,135 | 6,191,136 | 4,045,520 |
| Bank overdraft | 308,493 | 125,948 | 163,215 |
| Bank loan | 9,979 | 9,724 | 10,000 |
| Trade Creditors | 1,868,073 | 2,021,110 | 1,687,984 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 26,408 | 22,098 | 0 |
| hp & lease commitments | 470,257 | 455,372 | 244,457 |
| other current liabilities | 992,508 | 1,041,111 | 726,892 |
| total current liabilities | 3,675,718 | 3,675,363 | 2,832,548 |
| loans | 116,426 | 152,812 | 40,000 |
| hp & lease commitments | 1,240,770 | 1,650,633 | 724,286 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 50,000 | 75,000 | 100,000 |
| provisions | 134,284 | 176,247 | 150,701 |
| total long term liabilities | 1,541,480 | 2,054,692 | 1,014,987 |
| total liabilities | 5,217,198 | 5,730,055 | 3,847,535 |
| net assets | 134,937 | 461,081 | 197,985 |
| total shareholders funds | 134,937 | 461,081 | 197,985 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -2,484 | 379,705 | -31,058 |
| Depreciation | 568,062 | 505,810 | 31,698 |
| Amortisation | 78,484 | 77,176 | -6,540 |
| Tax | 41,963 | 122,837 | -9,589 |
| Stock | -91,874 | -2,847 | 124,091 |
| Debtors | -23,036 | 856,430 | 1,672,611 |
| Creditors | -153,037 | 333,126 | 1,687,984 |
| Accruals and Deferred Income | -48,603 | 314,219 | 726,892 |
| Deferred Taxes & Provisions | -41,963 | 25,546 | 150,701 |
| Cash flow from operations | 557,332 | 904,836 | 753,386 |
| Investing Activities | |||
| capital expenditure | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 |
| Financing Activities | |||
| Bank loans | 255 | -276 | 10,000 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 4,310 | 22,098 | 0 |
| Long term loans | -36,386 | 112,812 | 40,000 |
| Hire Purchase and Lease Commitments | -394,978 | 1,137,262 | 968,743 |
| other long term liabilities | -25,000 | -25,000 | 100,000 |
| share issue | |||
| interest | -114,823 | -76,746 | -4,428 |
| cash flow from financing | -566,622 | 1,170,150 | 1,357,375 |
| cash and cash equivalents | |||
| cash | -43,762 | -82,210 | 230,497 |
| overdraft | 182,545 | -37,267 | 163,215 |
| change in cash | -226,307 | -44,943 | 67,282 |
mrm group limited Credit Report and Business Information
Mrm Group Limited Competitor Analysis
Perform a competitor analysis for mrm group limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in CV13 area or any other competitors across 12 key performance metrics.
mrm group limited Ownership
MRM GROUP LIMITED group structure
Mrm Group Limited has 3 subsidiary companies.
Ultimate parent company
1 parent
MRM GROUP LIMITED
13063761
3 subsidiaries
mrm group limited directors
Mrm Group Limited currently has 3 directors. The longest serving directors include Mr Richard Dolman (Dec 2020) and Mr Matthew Munro (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Dolman | England | 51 years | Dec 2020 | - | Director |
| Mr Matthew Munro | England | 37 years | Apr 2021 | - | Director |
| Mr Michael Henderson | England | 44 years | Apr 2021 | - | Director |
P&L
June 2023turnover
13m
-10%
operating profit
-2.5k
-101%
gross margin
13.1%
-24.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
134.9k
-0.71%
total assets
5.4m
-0.14%
cash
104.5k
-0.3%
net assets
Total assets minus all liabilities
Similar Companies
mrm group limited company details
company number
13063761
Type
Private limited with Share Capital
industry
43110 - Demolition
incorporation date
December 2020
age
4
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
36 main street carlton, nuneaton, warwickshire, CV13 0EZ
accountant
-
auditor
TORR WATERFIELD LIMITED
mrm 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 2 charges/mortgages relating to mrm group limited. Currently there are 1 open charges and 1 have been satisfied in the past.
mrm group limited Companies House Filings - See Documents
| date | description | view/download |
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