mgb (cornwall) limited
mgb (cornwall) limited Company Information
Company Number
14668830
Next Accounts
Oct 2025
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Directors
Shareholders
mark gordon bailey
Group Structure
View All
Contact
Registered Address
venayr goonearl scorrier, redruth, cornwall, TR16 5EB
Website
-mgb (cornwall) limited Estimated Valuation
Pomanda estimates the enterprise value of MGB (CORNWALL) LIMITED at £40.4m based on a Turnover of £29.4m and 1.37x industry multiple (adjusted for size and gross margin).
mgb (cornwall) limited Estimated Valuation
Pomanda estimates the enterprise value of MGB (CORNWALL) LIMITED at £28.6m based on an EBITDA of £4.9m and a 5.85x industry multiple (adjusted for size and gross margin).
mgb (cornwall) limited Estimated Valuation
Pomanda estimates the enterprise value of MGB (CORNWALL) LIMITED at £20.4m based on Net Assets of £16.2m and 1.26x industry multiple (adjusted for liquidity).
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Mgb (cornwall) Limited Overview
Mgb (cornwall) Limited is a live company located in cornwall, TR16 5EB with a Companies House number of 14668830. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2023, it's largest shareholder is mark gordon bailey with a 100% stake. Mgb (cornwall) Limited is a new, large sized company, Pomanda has estimated its turnover at £29.4m with unknown growth in recent years.
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Mgb (cornwall) Limited Health Check
Pomanda's financial health check has awarded Mgb (Cornwall) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £29.4m, make it larger than the average company (£19.5m)
£29.4m - Mgb (cornwall) Limited
£19.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mgb (cornwall) Limited
- - Industry AVG
Production
with a gross margin of 17.3%, this company has a higher cost of product (34.8%)
17.3% - Mgb (cornwall) Limited
34.8% - Industry AVG
Profitability
an operating margin of 7.6% make it more profitable than the average company (4.6%)
7.6% - Mgb (cornwall) Limited
4.6% - Industry AVG
Employees
with 420 employees, this is above the industry average (106)
420 - Mgb (cornwall) Limited
106 - Industry AVG
Pay Structure
on an average salary of £21.1k, the company has a lower pay structure (£44.4k)
£21.1k - Mgb (cornwall) Limited
£44.4k - Industry AVG
Efficiency
resulting in sales per employee of £70.1k, this is less efficient (£192.7k)
£70.1k - Mgb (cornwall) Limited
£192.7k - Industry AVG
Debtor Days
it gets paid by customers after 114 days, this is later than average (44 days)
114 days - Mgb (cornwall) Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (44 days)
53 days - Mgb (cornwall) Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (36 days)
4 days - Mgb (cornwall) Limited
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is average cash available to meet short term requirements (14 weeks)
12 weeks - Mgb (cornwall) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.2%, this is a similar level of debt than the average (68.3%)
68.2% - Mgb (cornwall) Limited
68.3% - Industry AVG
MGB (CORNWALL) LIMITED financials
Mgb (Cornwall) Limited's latest turnover from January 2024 is £29.4 million and the company has net assets of £16.2 million. According to their latest financial statements, Mgb (Cornwall) Limited has 420 employees and maintains cash reserves of £4.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | |
|---|---|
| Turnover | 29,422,996 |
| Other Income Or Grants | 0 |
| Cost Of Sales | 24,341,922 |
| Gross Profit | 5,081,074 |
| Admin Expenses | 2,834,294 |
| Operating Profit | 2,246,780 |
| Interest Payable | 638,930 |
| Interest Receivable | 14 |
| Pre-Tax Profit | 1,613,124 |
| Tax | -498,785 |
| Profit After Tax | 1,114,339 |
| Dividends Paid | 0 |
| Retained Profit | 1,114,339 |
| Employee Costs | 8,873,848 |
| Number Of Employees | 420 |
| EBITDA* | 4,881,140 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | |
|---|---|
| Tangible Assets | 25,249,956 |
| Intangible Assets | 2,226,588 |
| Investments & Other | 4,636,368 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 32,112,912 |
| Stock & work in progress | 318,484 |
| Trade Debtors | 9,258,807 |
| Group Debtors | 0 |
| Misc Debtors | 4,911,013 |
| Cash | 4,439,489 |
| misc current assets | 0 |
| total current assets | 18,927,793 |
| total assets | 51,040,705 |
| Bank overdraft | 0 |
| Bank loan | 1,630,554 |
| Trade Creditors | 3,583,307 |
| Group/Directors Accounts | 0 |
| other short term finances | 4,920,884 |
| hp & lease commitments | 3,971,787 |
| other current liabilities | 4,443,735 |
| total current liabilities | 18,550,267 |
| loans | 8,365,666 |
| hp & lease commitments | 3,975,153 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 3,935,279 |
| total long term liabilities | 16,276,098 |
| total liabilities | 34,826,365 |
| net assets | 16,214,340 |
| total shareholders funds | 16,214,340 |
| Jan 2024 | |
|---|---|
| Operating Activities | |
| Operating Profit | 2,246,780 |
| Depreciation | 2,517,171 |
| Amortisation | 117,189 |
| Tax | -498,785 |
| Stock | 318,484 |
| Debtors | 14,169,820 |
| Creditors | 3,583,307 |
| Accruals and Deferred Income | 4,443,735 |
| Deferred Taxes & Provisions | 3,935,279 |
| Cash flow from operations | 1,856,372 |
| Investing Activities | |
| capital expenditure | 0 |
| Change in Investments | 4,636,368 |
| cash flow from investments | -4,636,368 |
| Financing Activities | |
| Bank loans | 1,630,554 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 4,920,884 |
| Long term loans | 8,365,666 |
| Hire Purchase and Lease Commitments | 7,946,940 |
| other long term liabilities | 0 |
| share issue | |
| interest | -638,916 |
| cash flow from financing | 37,325,129 |
| cash and cash equivalents | |
| cash | 4,439,489 |
| overdraft | 0 |
| change in cash | 4,439,489 |
mgb (cornwall) limited Credit Report and Business Information
Mgb (cornwall) Limited Competitor Analysis
Perform a competitor analysis for mgb (cornwall) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in TR16 area or any other competitors across 12 key performance metrics.
mgb (cornwall) limited Ownership
MGB (CORNWALL) LIMITED group structure
Mgb (Cornwall) Limited has 2 subsidiary companies.
Ultimate parent company
MGB (CORNWALL) LIMITED
14668830
2 subsidiaries
mgb (cornwall) limited directors
Mgb (Cornwall) Limited currently has 1 director, Mr Mark Bailey serving since Feb 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Bailey | England | 56 years | Feb 2023 | - | Director |
P&L
January 2024turnover
29.4m
0%
operating profit
2.2m
0%
gross margin
17.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
16.2m
0%
total assets
51m
0%
cash
4.4m
0%
net assets
Total assets minus all liabilities
Similar Companies
mgb (cornwall) limited company details
company number
14668830
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
February 2023
age
1
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
PKF FRANCIS CLARK LLP
address
venayr goonearl scorrier, redruth, cornwall, TR16 5EB
Bank
-
Legal Advisor
-
mgb (cornwall) 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 mgb (cornwall) limited. Currently there are 3 open charges and 0 have been satisfied in the past.
mgb (cornwall) limited 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.
Click to start generating capital raising & share issue transactions for MGB (CORNWALL) LIMITED. This can take several minutes, an email will notify you when this has completed.
mgb (cornwall) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
