Mrds Group Limited

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mrds group limited Company Information

Live

YoungSmallDeclining

Company Number

SC504100

Website

mrds.uk.com

Registered Address

unit 15a minto drive, altens industrial estate, aberdeen, AB12 3LW

Industry

Support activities for petroleum and natural gas extraction

Telephone

01224040500

Next Accounts Due

September 2024

Group Structure

View All

Directors

Ronald Garrick3 Years

Douglas Garrick3 Years

Shareholders

garrick group limited 95%

duncan mitchell 5%

mrds group limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of MRDS GROUP LIMITED at £3.3m based on an EBITDA of £1.1m and a 3.11x industry multiple (adjusted for size and gross margin).

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Mrds Group Limited is a live company located in aberdeen, AB12 3LW with a Companies House number of SC504100. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in April 2015, it's largest shareholder is garrick group limited with a 95% stake. Mrds Group Limited is a young, small sized company, Pomanda has estimated its turnover at £4.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Mrds Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£14m)

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (-2.3%)

EXPORT

Mrds Group Limited's latest turnover from December 2022 is estimated at £4.6 million and the company has net assets of -£416.3 thousand. According to their latest financial statements, Mrds Group Limited has 25 employees and maintains cash reserves of £23 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016
Turnover	4,590,192	6,245,849	5,955,920	9,808,714	7,068,495	6,957,022	5,518,402
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	3,685,817	5,227,137	4,860,031	7,739,053	5,438,791	5,302,238	4,182,704
Gross Profit	904,374	1,018,712	1,095,889	2,069,661	1,629,704	1,654,783	1,335,697
Admin Expenses	-99,639	1,816,858	1,952,280	2,080,289	1,531,609	1,504,995	1,195,842
Operating Profit	1,004,013	-798,146	-856,391	-10,628	98,095	149,788	139,855
Interest Payable	17,078	5,130	6,226	6,660	0	0	0
Interest Receivable	419	20	8	1,793	2,277	534	372
Pre-Tax Profit	987,354	-803,256	-862,609	-15,495	100,372	150,322	140,228
Tax	-187,597	0	0	0	-19,071	-28,561	-28,045
Profit After Tax	799,757	-803,256	-862,609	-15,495	81,301	121,761	112,182
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	799,757	-803,256	-862,609	-15,495	81,301	121,761	112,182
Employee Costs	1,831,808	1,956,179	1,805,053	1,897,880	1,552,474	1,064,153	1,573,281
Number Of Employees	25	27	27	27	23	17	23
EBITDA*	1,067,462	-719,949	-737,965	75,904	167,425	218,971	479,605

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016
Tangible Assets	59,733	90,393	110,955	210,772	220,217	246,512	212,809
Intangible Assets	162,410	187,857	213,304	253,873	0	0	0
Investments & Other	169,280	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	391,423	278,250	324,259	464,645	220,217	246,512	212,809
Stock & work in progress	378,000	420,935	504,678	899,460	629,012	880,477	200,771
Trade Debtors	350,285	600,452	659,912	1,118,741	827,768	635,050	672,457
Group Debtors	132,002	0	0	0	0	0	0
Misc Debtors	642,922	409,737	136,477	174,530	271,934	216,403	368,856
Cash	22,975	970	14,849	368	477,634	129,531	297,943
misc current assets	0	0	0	0	0	0	0
total current assets	1,526,184	1,432,094	1,315,916	2,193,099	2,206,348	1,861,461	1,540,027
total assets	1,917,607	1,710,344	1,640,175	2,657,744	2,426,565	2,107,973	1,752,836
Bank overdraft	169,680	114,860	6,795	197,324	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	573,909	724,228	512,202	1,433,954	1,055,595	1,141,404	618,537
Group/Directors Accounts	0	0	0	0	0	533,307	525,985
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	1,412,547	1,771,563	1,152,970	689,898	1,022,833	155,805	467,586
total current liabilities	2,156,136	2,610,651	1,671,967	2,321,176	2,078,428	1,830,516	1,612,108
loans	32,500	42,500	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	133,969	236,490	344,249	0	0	0	0
provisions	11,351	36,809	36,809	36,809	32,883	43,504	28,545
total long term liabilities	177,820	315,799	381,058	36,809	32,883	43,504	28,545
total liabilities	2,333,956	2,926,450	2,053,025	2,357,985	2,111,311	1,874,020	1,640,653
net assets	-416,349	-1,216,106	-412,850	299,759	315,254	233,953	112,183
total shareholders funds	-416,349	-1,216,106	-412,850	299,759	315,254	233,953	112,183

	Dec 2022	Dec 2021	Dec 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016
Operating Activities
Operating Profit	1,004,013	-798,146	-856,391	-10,628	98,095	149,788	139,855
Depreciation	38,002	52,750	86,861	75,229	69,330	69,183	339,750
Amortisation	25,447	25,447	31,565	11,303	0	0	0
Tax	-187,597	0	0	0	-19,071	-28,561	-28,045
Stock	-42,935	-83,743	-394,782	270,448	-251,465	679,706	200,771
Debtors	115,020	213,800	-496,882	193,569	248,249	-189,860	1,041,313
Creditors	-150,319	212,026	-921,752	378,359	-85,809	522,867	618,537
Accruals and Deferred Income	-359,016	618,593	463,072	-332,935	867,028	-311,781	467,586
Deferred Taxes & Provisions	-25,458	0	0	3,926	-10,621	14,959	28,545
Cash flow from operations	272,987	-19,387	-304,981	-338,763	922,168	-73,391	324,144
Investing Activities
capital expenditure	-7,342	-32,188	21,960	-330,960	-43,035	-102,886	-552,559
Change in Investments	169,280	0	0	0	0	0	0
cash flow from investments	-176,622	-32,188	21,960	-330,960	-43,035	-102,886	-552,559
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-533,307	7,322	525,985
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	-10,000	42,500	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-102,521	-107,759	344,249	0	0	0	0
share issue	0	0	150,000	0	0	9	1
interest	-16,659	-5,110	-6,218	-4,867	2,277	534	372
cash flow from financing	-129,180	-70,369	488,031	-4,867	-531,030	7,865	526,358
cash and cash equivalents
cash	22,005	-13,879	14,481	-477,266	348,103	-168,412	297,943
overdraft	54,820	108,065	-190,529	197,324	0	0	0
change in cash	-32,815	-121,944	205,010	-674,590	348,103	-168,412	297,943

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MRDS GROUP LIMITED group structure

Mrds Group Limited has no subsidiary companies.

Ultimate parent company

GARRICK GROUP LIMITED

SC613639

1 parent

MRDS GROUP LIMITED

SC504100

MRDS GROUP LIMITED Shareholders

garrick group limited	95%
duncan mitchell	5%

Mrds Group Limited currently has 2 directors. The longest serving directors include Mr Ronald Garrick (Aug 2020) and Mr Douglas Garrick (Aug 2020).

officer	country	age	start	end	role
Mr Ronald Garrick	Scotland	60 years	Aug 2020	-	Director
Mr Douglas Garrick	Scotland	63 years	Aug 2020	-	Director

P&L

December 2022

turnover

4.6m

-27%

operating profit

gross margin

19.8%

+20.8%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

-416.3k

-0.66%

total assets

1.9m

+0.12%

cash

23k

+22.69%

net assets

Total assets minus all liabilities

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company number

SC504100

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

incorporation date

April 2015

age

accounts

Total Exemption Full

ultimate parent company

GARRICK GROUP LIMITED

previous names

mark robertson drilling services limited (August 2020)

incorporated

address

unit 15a minto drive, altens industrial estate, aberdeen, AB12 3LW

last accounts submitted

December 2022

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 2 charges/mortgages relating to mrds group limited. Currently there are 1 open charges and 1 have been satisfied in the past.

mrds group limited Company Information

mrds group limited Estimated Valuation

mrds group limited Estimated Valuation

mrds group limited Estimated Valuation

Mrds Group Limited Overview

Mrds Group Limited Health Check

MRDS GROUP LIMITED financials

mrds group limited Credit Report and Business Information

Mrds Group Limited Competitor Analysis

mrds group limited Ownership

mrds group limited directors

mrds group limited company details

mrds group limited Charges & Mortgages

mrds group limited Companies House Filings - See Documents