mic general services (uk) limited
mic general services (uk) limited Company Information
Company Number
13487578
Website
-Registered Address
mic general services (uk) limite, mubadala investment company, london, W1J 6HN
Industry
Combined office administrative service activities
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
mamoura diversified global holding pjsc 100%
mic general services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of MIC GENERAL SERVICES (UK) LIMITED at £6.5m based on a Turnover of £11.8m and 0.55x industry multiple (adjusted for size and gross margin).
mic general services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of MIC GENERAL SERVICES (UK) LIMITED at £5.4m based on an EBITDA of £1.3m and a 4.34x industry multiple (adjusted for size and gross margin).
mic general services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of MIC GENERAL SERVICES (UK) LIMITED at £3.9m based on Net Assets of £1.4m and 2.87x industry multiple (adjusted for liquidity).
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Mic General Services (uk) Limited Overview
Mic General Services (uk) Limited is a live company located in london, W1J 6HN with a Companies House number of 13487578. It operates in the combined office administrative service activities sector, SIC Code 82110. Founded in July 2021, it's largest shareholder is mamoura diversified global holding pjsc with a 100% stake. Mic General Services (uk) Limited is a startup, mid sized company, Pomanda has estimated its turnover at £11.8m with unknown growth in recent years.
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Mic General Services (uk) Limited Health Check
Pomanda's financial health check has awarded Mic General Services (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
3 Weak
Size
annual sales of £11.8m, make it larger than the average company (£1.6m)
£11.8m - Mic General Services (uk) Limited
£1.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mic General Services (uk) Limited
- - Industry AVG
Production
with a gross margin of 56%, this company has a comparable cost of product (56%)
56% - Mic General Services (uk) Limited
56% - Industry AVG
Profitability
an operating margin of 9.8% make it more profitable than the average company (3.1%)
9.8% - Mic General Services (uk) Limited
3.1% - Industry AVG
Employees
with 19 employees, this is above the industry average (14)
19 - Mic General Services (uk) Limited
14 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
- Mic General Services (uk) Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £623.5k, this is more efficient (£102.6k)
£623.5k - Mic General Services (uk) Limited
£102.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mic General Services (uk) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (33 days)
20 days - Mic General Services (uk) Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mic General Services (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is less cash available to meet short term requirements (27 weeks)
22 weeks - Mic General Services (uk) Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.6%, this is a higher level of debt than the average (55.5%)
94.6% - Mic General Services (uk) Limited
55.5% - Industry AVG
MIC GENERAL SERVICES (UK) LIMITED financials
Mic General Services (Uk) Limited's latest turnover from December 2023 is £11.8 million and the company has net assets of £1.4 million. According to their latest financial statements, Mic General Services (Uk) Limited has 19 employees and maintains cash reserves of £10 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 11,845,996 | 7,841,436 |
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | 1,158,521 | 766,882 |
| Interest Payable | 0 | 0 |
| Interest Receivable | 46,475 | 1,297 |
| Pre-Tax Profit | 1,204,996 | 768,179 |
| Tax | -446,875 | -175,976 |
| Profit After Tax | 758,121 | 592,203 |
| Dividends Paid | 0 | 0 |
| Retained Profit | 758,121 | 592,203 |
| Employee Costs | ||
| Number Of Employees | 19 | 10 |
| EBITDA* | 1,253,366 | 772,445 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 6,106,773 | 14,733 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 6,106,773 | 14,733 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 5,727,974 | 8,023,744 |
| Misc Debtors | 3,037,204 | 133,564 |
| Cash | 10,019,924 | 684,330 |
| misc current assets | 0 | 0 |
| total current assets | 18,785,102 | 8,841,638 |
| total assets | 24,891,875 | 8,856,371 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 297,604 | 146,379 |
| Group/Directors Accounts | 17,269,607 | 3,106,976 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 5,914,975 | 5,010,713 |
| total current liabilities | 23,482,186 | 8,264,068 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 59,265 | 0 |
| total long term liabilities | 59,265 | 0 |
| total liabilities | 23,541,451 | 8,264,068 |
| net assets | 1,350,424 | 592,303 |
| total shareholders funds | 1,350,424 | 592,303 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 1,158,521 | 766,882 |
| Depreciation | 94,845 | 5,563 |
| Amortisation | 0 | 0 |
| Tax | -446,875 | -175,976 |
| Stock | 0 | 0 |
| Debtors | 607,870 | 8,157,308 |
| Creditors | 151,225 | 146,379 |
| Accruals and Deferred Income | 904,262 | 5,010,713 |
| Deferred Taxes & Provisions | 59,265 | 0 |
| Cash flow from operations | 1,313,373 | -2,403,747 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 14,162,631 | 3,106,976 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | 46,475 | 1,297 |
| cash flow from financing | 14,209,106 | 3,108,373 |
| cash and cash equivalents | ||
| cash | 9,335,594 | 684,330 |
| overdraft | 0 | 0 |
| change in cash | 9,335,594 | 684,330 |
mic general services (uk) limited Credit Report and Business Information
Mic General Services (uk) Limited Competitor Analysis
Perform a competitor analysis for mic general services (uk) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in W1J area or any other competitors across 12 key performance metrics.
mic general services (uk) limited Ownership
MIC GENERAL SERVICES (UK) LIMITED group structure
Mic General Services (Uk) Limited has no subsidiary companies.
Ultimate parent company
MIC GENERAL SERVICES (UK) LIMITED
13487578
mic general services (uk) limited directors
Mic General Services (Uk) Limited currently has 3 directors. The longest serving directors include Mr Matthew Ryan (Jul 2021) and Mr Matthew Hurn (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Ryan | United Kingdom | 47 years | Jul 2021 | - | Director |
| Mr Matthew Hurn | United Kingdom | 52 years | Jul 2021 | - | Director |
| Mr Paul Andrews | United Kingdom | 49 years | Apr 2023 | - | Director |
P&L
December 2023turnover
11.8m
+51%
operating profit
1.2m
+51%
gross margin
56%
+11.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.4m
+1.28%
total assets
24.9m
+1.81%
cash
10m
+13.64%
net assets
Total assets minus all liabilities
Similar Companies
mic general services (uk) limited company details
company number
13487578
Type
Private limited with Share Capital
industry
82110 - Combined office administrative service activities
incorporation date
July 2021
age
3
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
mic general services (uk) limite, mubadala investment company, london, W1J 6HN
Bank
-
Legal Advisor
-
mic general services (uk) 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 did not find charges/mortgages relating to mic general services (uk) limited.
mic general services (uk) limited Companies House Filings - See Documents
| date | description | view/download |
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