64 great hampton street hockley, birmingham, B18 6EL
Website
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drd mg ltdEstimated Valuation
£407k
Pomanda estimates the enterprise value of DRD MG LTD at £407k based on a Turnover of £218.3k and 1.86x industry multiple (adjusted for size and gross margin).
drd mg ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of DRD MG LTD at £0 based on an EBITDA of £-4.8k and a 4.94x industry multiple (adjusted for size and gross margin).
drd mg ltdEstimated Valuation
£433.4k
Pomanda estimates the enterprise value of DRD MG LTD at £433.4k based on Net Assets of £282.4k and 1.53x industry multiple (adjusted for liquidity).
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Drd Mg LtdOverview
Drd Mg Ltd is a live company located in birmingham, B18 6EL with a Companies House number of 13886908. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2022, it's largest shareholder is
januk holdings limited
with a 50% stake. Drd Mg Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£218.3k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Drd Mg Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
2 Regular
7 Weak
Size
annual sales of £218.3k, make it smaller than the average company (£1.6m)
£218.3k - Drd Mg Ltd
£1.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Drd Mg Ltd
- - Industry AVG
Production
with a gross margin of 50.8%, this company has a comparable cost of product (50.8%)
50.8% - Drd Mg Ltd
50.8% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (18.4%)
-2.2% - Drd Mg Ltd
18.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
2 - Drd Mg Ltd
5 - Industry AVG
Pay Structure
on an average salary of £40.3k, the company has an equivalent pay structure (£40.3k)
£40.3k - Drd Mg Ltd
£40.3k - Industry AVG
Efficiency
resulting in sales per employee of £109.2k, this is less efficient (£227.7k)
£109.2k - Drd Mg Ltd
£227.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Drd Mg Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (34 days)
8 days - Drd Mg Ltd
34 days - Industry AVG
Stock Days
it holds stock equivalent to 1765 days, this is more than average (122 days)
1765 days - Drd Mg Ltd
122 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Drd Mg Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.9%, this is a lower level of debt than the average (69.2%)
45.9% - Drd Mg Ltd
69.2% - Industry AVG
DRD MG LTD financials
EXPORT
Drd Mg Ltd's latest turnover from March 2024 is estimated at £218.3 thousand and the company has net assets of £282.4 thousand. According to their latest financial statements, we estimate that Drd Mg Ltd has 2 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Turnover
218,312
498,178
Other Income Or Grants
Cost Of Sales
107,361
247,228
Gross Profit
110,951
250,950
Admin Expenses
115,742
263,827
Operating Profit
-4,791
-12,877
Interest Payable
Interest Receivable
53
21
Pre-Tax Profit
-4,738
-12,856
Tax
Profit After Tax
-4,738
-12,856
Dividends Paid
Retained Profit
-4,738
-12,856
Employee Costs
80,669
114,486
Number Of Employees
2
3
EBITDA*
-4,791
-12,877
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
519,233
519,233
Trade Debtors
Group Debtors
800
Misc Debtors
1,199
1,199
Cash
1,020
998
misc current assets
80
total current assets
521,532
522,230
total assets
521,532
522,230
Bank overdraft
Bank loan
Trade Creditors
2,490
103,520
Group/Directors Accounts
235,885
430,815
other short term finances
hp & lease commitments
other current liabilities
750
750
total current liabilities
239,125
535,085
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
239,125
535,085
net assets
282,407
-12,855
total shareholders funds
282,407
-12,855
Mar 2024
Mar 2023
Operating Activities
Operating Profit
-4,791
-12,877
Depreciation
Amortisation
Tax
Stock
519,233
Debtors
-800
1,999
Creditors
-101,030
103,520
Accruals and Deferred Income
750
Deferred Taxes & Provisions
Cash flow from operations
-105,021
-429,839
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
-194,930
430,815
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
300,000
1
interest
53
21
cash flow from financing
105,123
430,837
cash and cash equivalents
cash
22
998
overdraft
change in cash
22
998
drd mg ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for drd mg ltd. Get real-time insights into drd mg ltd's credit score, group structure and payment trends.
Perform a competitor analysis for drd mg ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in B18 area or any other competitors across 12 key performance metrics.
drd mg ltd Ownership
DRD MG LTD group structure
Drd Mg Ltd has no subsidiary companies.
Ultimate parent company
DRD MG LTD
13886908
DRD MG LTD Shareholders
The largest shareholders in Drd Mg Ltd include Januk Holdings Limited and Drd Capital Limited.
januk holdings limited
50%
drd capital limited
50%
drd mg ltd directors
Drd Mg Ltd currently has 2 directors.
The longest serving directors include
Mr Randeep Gangotra (Feb 2022) and
Mr Darshan Virdee (Jul 2023).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
282.4k
-22.97%
total assets
521.5k
0%
cash
1k
+0.02%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
drd mg ltd company details
company number
13886908
Type
Private limited with Share Capital
industry
41100 - Development of building projects
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
February 2022
age
3
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
MICHAEL DUFTY PARTNERSHIP LIMITED
auditor
-
address
64 great hampton street hockley, birmingham, B18 6EL
Bank
-
Legal Advisor
-
drd mg 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 did not find charges/mortgages relating to drd mg ltd.
drd mg 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.
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