Renting and leasing of construction and civil engineering machinery and equipment
+2
Registered Address
reedham house, 31 king street west, manchester, M3 2PJ
Website
-
mcg hire ltdEstimated Valuation
£44.5k
Pomanda estimates the enterprise value of MCG HIRE LTD at £44.5k based on a Turnover of £109.3k and 0.41x industry multiple (adjusted for size and gross margin).
mcg hire ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of MCG HIRE LTD at £0 based on an EBITDA of £-18k and a 2.35x industry multiple (adjusted for size and gross margin).
mcg hire ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of MCG HIRE LTD at £0 based on Net Assets of £-18k and 2.07x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mcg Hire LtdOverview
Mcg Hire Ltd is a live company located in manchester, M3 2PJ with a Companies House number of 14639770. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in February 2023, it's largest shareholder is
james hall
with a 100% stake. Mcg Hire Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£109.3k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Mcg Hire Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
1 Regular
6 Weak
Size
annual sales of £109.3k, make it smaller than the average company (£8.5m)
£109.3k - Mcg Hire Ltd
£8.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Mcg Hire Ltd
- - Industry AVG
Production
with a gross margin of 22.3%, this company has a higher cost of product (40%)
22.3% - Mcg Hire Ltd
40% - Industry AVG
Profitability
an operating margin of -16.4% make it less profitable than the average company (9.8%)
-16.4% - Mcg Hire Ltd
9.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (44)
1 - Mcg Hire Ltd
44 - Industry AVG
Pay Structure
on an average salary of £47.6k, the company has an equivalent pay structure (£47.6k)
£47.6k - Mcg Hire Ltd
£47.6k - Industry AVG
Efficiency
resulting in sales per employee of £109.3k, this is less efficient (£199.8k)
£109.3k - Mcg Hire Ltd
£199.8k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (49 days)
16 days - Mcg Hire Ltd
49 days - Industry AVG
Creditor Days
its suppliers are paid after 524 days, this is slower than average (43 days)
524 days - Mcg Hire Ltd
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mcg Hire Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mcg Hire Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 117.3%, this is a higher level of debt than the average (60.1%)
117.3% - Mcg Hire Ltd
60.1% - Industry AVG
MCG HIRE LTD financials
EXPORT
Mcg Hire Ltd's latest turnover from February 2024 is estimated at £109.3 thousand and the company has net assets of -£18 thousand. According to their latest financial statements, Mcg Hire Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Turnover
109,341
Other Income Or Grants
Cost Of Sales
84,967
Gross Profit
24,374
Admin Expenses
42,349
Operating Profit
-17,975
Interest Payable
Interest Receivable
Pre-Tax Profit
-17,975
Tax
Profit After Tax
-17,975
Dividends Paid
Retained Profit
-17,975
Employee Costs
47,602
Number Of Employees
1
EBITDA*
-17,975
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Tangible Assets
99,025
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
99,025
Stock & work in progress
Trade Debtors
5,000
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
5,000
total assets
104,025
Bank overdraft
Bank loan
Trade Creditors
122,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
122,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
122,000
net assets
-17,975
total shareholders funds
-17,975
Feb 2024
Operating Activities
Operating Profit
-17,975
Depreciation
Amortisation
Tax
Stock
Debtors
5,000
Creditors
122,000
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
99,025
Investing Activities
capital expenditure
-99,025
Change in Investments
cash flow from investments
-99,025
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
mcg hire 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 mcg hire ltd. Get real-time insights into mcg hire ltd's credit score, group structure and payment trends.
Perform a competitor analysis for mcg hire ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in M 3 area or any other competitors across 12 key performance metrics.
mcg hire ltd Ownership
MCG HIRE LTD group structure
Mcg Hire Ltd has no subsidiary companies.
Ultimate parent company
MCG HIRE LTD
14639770
MCG HIRE LTD Shareholders
The sole shareholder of Mcg Hire Ltd is James Hall.
james hall
100%
mcg hire ltd directors
Mcg Hire Ltd currently has 1 director, Mr James Hall serving since Feb 2023.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024
net assets
-18k
0%
total assets
104k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
mcg hire ltd company details
company number
14639770
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
77320 - Renting and leasing of construction and civil engineering machinery and equipment
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
February 2023
age
2
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
FREEDMAN FRANKL & TAYLOR
auditor
-
address
reedham house, 31 king street west, manchester, M3 2PJ
Bank
-
Legal Advisor
-
mcg hire 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 mcg hire ltd.
mcg hire 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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mcg hire ltdCompanies House Filings - See Documents
