mgm utility contractors ltd
mgm utility contractors ltd Company Information
Company Number
10091560
Website
mgmutilitycontractors.co.ukRegistered Address
exeter business park, emperor way, exeter, EX1 3QS
Industry
Construction of utility projects for electricity and telecommunications
Telephone
01733342100
Next Accounts Due
880 days late
Group Structure
View All
Directors
Michael Phillips5 Years
Shareholders
michael john phillips 80%
michael john kevin gerald channing 20%
mgm utility contractors ltd Estimated Valuation
Pomanda estimates the enterprise value of MGM UTILITY CONTRACTORS LTD at £356.6k based on a Turnover of £1.5m and 0.24x industry multiple (adjusted for size and gross margin).
mgm utility contractors ltd Estimated Valuation
Pomanda estimates the enterprise value of MGM UTILITY CONTRACTORS LTD at £746.9k based on an EBITDA of £266.5k and a 2.8x industry multiple (adjusted for size and gross margin).
mgm utility contractors ltd Estimated Valuation
Pomanda estimates the enterprise value of MGM UTILITY CONTRACTORS LTD at £141k based on Net Assets of £82k and 1.72x industry multiple (adjusted for liquidity).
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Mgm Utility Contractors Ltd Overview
Mgm Utility Contractors Ltd is a live company located in exeter, EX1 3QS with a Companies House number of 10091560. It operates in the construction of utility projects for electricity and telecommunications sector, SIC Code 42220. Founded in March 2016, it's largest shareholder is michael john phillips with a 80% stake. Mgm Utility Contractors Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.
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Mgm Utility Contractors Ltd Health Check
Pomanda's financial health check has awarded Mgm Utility Contractors Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£3.4m)
- Mgm Utility Contractors Ltd
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (5.9%)
- Mgm Utility Contractors Ltd
5.9% - Industry AVG
Production
with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)
- Mgm Utility Contractors Ltd
24.6% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (12.7%)
- Mgm Utility Contractors Ltd
12.7% - Industry AVG
Employees
with 10 employees, this is below the industry average (16)
10 - Mgm Utility Contractors Ltd
16 - Industry AVG
Pay Structure
on an average salary of £50.4k, the company has an equivalent pay structure (£50.4k)
- Mgm Utility Contractors Ltd
£50.4k - Industry AVG
Efficiency
resulting in sales per employee of £147.1k, this is less efficient (£287.5k)
- Mgm Utility Contractors Ltd
£287.5k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (53 days)
- Mgm Utility Contractors Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (28 days)
- Mgm Utility Contractors Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mgm Utility Contractors Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (28 weeks)
0 weeks - Mgm Utility Contractors Ltd
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92%, this is a higher level of debt than the average (77.6%)
92% - Mgm Utility Contractors Ltd
77.6% - Industry AVG
mgm utility contractors ltd Credit Report and Business Information
Mgm Utility Contractors Ltd Competitor Analysis
Perform a competitor analysis for mgm utility contractors ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mgm utility contractors ltd Ownership
MGM UTILITY CONTRACTORS LTD group structure
Mgm Utility Contractors Ltd has no subsidiary companies.
Ultimate parent company
MGM UTILITY CONTRACTORS LTD
10091560
mgm utility contractors ltd directors
Mgm Utility Contractors Ltd currently has 1 director, Mr Michael Phillips serving since Nov 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Phillips | England | 56 years | Nov 2018 | - | Director |
MGM UTILITY CONTRACTORS LTD financials
Mgm Utility Contractors Ltd's latest turnover from March 2020 is estimated at £1.5 million and the company has net assets of £82 thousand. According to their latest financial statements, Mgm Utility Contractors Ltd has 10 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|
| 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 | 10 | 10 | 11 | 17 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|
| Tangible Assets | 960,270 | 1,417,770 | 542,771 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 960,270 | 1,417,770 | 542,771 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 45,104 | 444,608 | 354,463 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 11,903 | 4,661 | 1,960 | 1,370 |
| Cash | 1,020 | 33,625 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 58,027 | 482,894 | 356,423 | 1,370 |
| total assets | 1,018,297 | 1,900,664 | 899,194 | 1,370 |
| Bank overdraft | 0 | 0 | 716 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 162,606 | 1,273,489 | 239,819 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 87,741 | 130,538 | 46,412 | 0 |
| other current liabilities | 633,151 | 185,000 | 296,059 | 17,294 |
| total current liabilities | 883,498 | 1,589,027 | 583,006 | 17,294 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 52,803 | 255,059 | 187,345 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 52,803 | 255,059 | 187,345 | 0 |
| total liabilities | 936,301 | 1,844,086 | 770,351 | 17,294 |
| net assets | 81,996 | 56,578 | 128,843 | -15,924 |
| total shareholders funds | 81,996 | 56,578 | 128,843 | -15,924 |
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 235,156 | 239,858 | 32,586 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -392,262 | 92,846 | 355,053 | 1,370 |
| Creditors | -1,110,883 | 1,033,670 | 239,819 | 0 |
| Accruals and Deferred Income | 448,151 | -111,059 | 278,765 | 17,294 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -245,053 | 151,840 | 233,757 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -32,605 | 33,625 | 0 | 0 |
| overdraft | 0 | -716 | 716 | 0 |
| change in cash | -32,605 | 34,341 | -716 | 0 |
P&L
March 2020turnover
1.5m
-74%
operating profit
31.4k
0%
gross margin
24.6%
-20.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
82k
+0.45%
total assets
1m
-0.46%
cash
1k
-0.97%
net assets
Total assets minus all liabilities
Similar Companies
mgm utility contractors ltd company details
company number
10091560
Type
Private limited with Share Capital
industry
42220 - Construction of utility projects for electricity and telecommunications
incorporation date
March 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
exeter business park, emperor way, exeter, EX1 3QS
last accounts submitted
March 2020
mgm utility contractors 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 mgm utility contractors ltd.
mgm utility contractors ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
