mg&s construction ltd
mg&s construction ltd Company Information
Company Number
NI643755
Website
www.mgconstruction.comRegistered Address
22 ranaghan road tullyheran, maghera, co. derry, BT46 5ND
Industry
Construction of domestic buildings
Telephone
01462768317
Next Accounts Due
November 2024
Group Structure
View All
Directors
Michael Glass7 Years
Shareholders
michael glass 100%
mg&s construction ltd Estimated Valuation
Pomanda estimates the enterprise value of MG&S CONSTRUCTION LTD at £596.8k based on a Turnover of £2m and 0.3x industry multiple (adjusted for size and gross margin).
mg&s construction ltd Estimated Valuation
Pomanda estimates the enterprise value of MG&S CONSTRUCTION LTD at £31.8k based on an EBITDA of £13.2k and a 2.4x industry multiple (adjusted for size and gross margin).
mg&s construction ltd Estimated Valuation
Pomanda estimates the enterprise value of MG&S CONSTRUCTION LTD at £319.5k based on Net Assets of £253.5k and 1.26x industry multiple (adjusted for liquidity).
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Mg&s Construction Ltd Overview
Mg&s Construction Ltd is a live company located in co. derry, BT46 5ND with a Companies House number of NI643755. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in February 2017, it's largest shareholder is michael glass with a 100% stake. Mg&s Construction Ltd is a young, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.
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Mg&s Construction Ltd Health Check
Pomanda's financial health check has awarded Mg&S Construction Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £2m, make it larger than the average company (£445.5k)
- Mg&s Construction Ltd
£445.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.6%)
- Mg&s Construction Ltd
7.6% - Industry AVG
Production
with a gross margin of 10.3%, this company has a higher cost of product (21.2%)
- Mg&s Construction Ltd
21.2% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (7.2%)
- Mg&s Construction Ltd
7.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (3)
1 - Mg&s Construction Ltd
3 - Industry AVG
Pay Structure
on an average salary of £41.7k, the company has an equivalent pay structure (£41.7k)
- Mg&s Construction Ltd
£41.7k - Industry AVG
Efficiency
resulting in sales per employee of £2m, this is more efficient (£185.6k)
- Mg&s Construction Ltd
£185.6k - Industry AVG
Debtor Days
it gets paid by customers after 115 days, this is later than average (26 days)
- Mg&s Construction Ltd
26 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (28 days)
- Mg&s Construction Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mg&s Construction Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mg&s Construction Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.7%, this is a lower level of debt than the average (71.3%)
61.7% - Mg&s Construction Ltd
71.3% - Industry AVG
MG&S CONSTRUCTION LTD financials
Mg&S Construction Ltd's latest turnover from February 2023 is estimated at £2 million and the company has net assets of £253.5 thousand. According to their latest financial statements, Mg&S Construction Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 1 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 23,952 | 28,087 | 33,735 | 37,197 | 44,872 | 13,230 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 9,500 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 23,952 | 28,087 | 33,735 | 37,197 | 44,872 | 22,730 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 182,000 |
| Trade Debtors | 638,392 | 642,119 | 509,363 | 473,102 | 524,639 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 179,675 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 638,392 | 642,119 | 509,363 | 473,102 | 524,639 | 361,675 |
| total assets | 662,344 | 670,206 | 543,098 | 510,299 | 569,511 | 384,405 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 401,274 | 417,592 | 312,927 | 278,624 | 301,685 | 298,964 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 401,274 | 417,592 | 312,927 | 278,624 | 301,685 | 298,964 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 4,300 | 6,027 | 2,000 | 1,652 | 101,050 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,221 | 3,757 | 4,702 | 0 | 0 | 0 |
| total long term liabilities | 7,521 | 9,784 | 6,702 | 1,652 | 101,050 | 0 |
| total liabilities | 408,795 | 427,376 | 319,629 | 280,276 | 402,735 | 298,964 |
| net assets | 253,549 | 242,830 | 223,469 | 230,023 | 166,776 | 85,441 |
| total shareholders funds | 253,549 | 242,830 | 223,469 | 230,023 | 166,776 | 85,441 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 3,308 | |||||
| Amortisation | 500 | |||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | -182,000 | 182,000 |
| Debtors | -3,727 | 132,756 | 36,261 | -51,537 | 524,639 | 0 |
| Creditors | -16,318 | 104,665 | 34,303 | -23,061 | 2,721 | 298,964 |
| Accruals and Deferred Income | -1,727 | 4,027 | 348 | -99,398 | 101,050 | 0 |
| Deferred Taxes & Provisions | -536 | -945 | 4,702 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | -179,675 | 179,675 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -179,675 | 179,675 |
mg&s construction ltd Credit Report and Business Information
Mg&s Construction Ltd Competitor Analysis
Perform a competitor analysis for mg&s construction ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mg&s construction ltd Ownership
MG&S CONSTRUCTION LTD group structure
Mg&S Construction Ltd has no subsidiary companies.
Ultimate parent company
MG&S CONSTRUCTION LTD
NI643755
mg&s construction ltd directors
Mg&S Construction Ltd currently has 1 director, Mr Michael Glass serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Glass | United Kingdom | 65 years | Feb 2017 | - | Director |
P&L
February 2023turnover
2m
+4%
operating profit
13.2k
0%
gross margin
10.4%
+1.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
253.5k
+0.04%
total assets
662.3k
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
mg&s construction ltd company details
company number
NI643755
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
February 2017
age
7
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
22 ranaghan road tullyheran, maghera, co. derry, BT46 5ND
last accounts submitted
February 2023
mg&s construction 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 mg&s construction ltd.
mg&s construction ltd Companies House Filings - See Documents
| date | description | view/download |
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