M G DEVELOPMENTS (NI) LIMITED Financials
- Company number
- NI051579CopyCopy
- Registered office
- 184 Rashee Road, Ballyclare, Co. Antrim BT39 9JB
- Incorporated
- 26/08/2004
Company snapshot
- Status
- Active
- Employees
- 9 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
25.19%vs 20242024: £316.01K
Total Assets
65.83%vs 20242024: £1.01M
Cash in Bank
-97.63%vs 20242024: £24.97K
Total Liabilities
84.45%vs 20242024: £689.63K
Employees
-1vs 20242024: 10
In 2025, M G DEVELOPMENTS (NI) LIMITED reported net assets of £395.59K. The same filing shows total assets of £1.67M, cash in bank of £591.00 and total liabilities of £1.27M. Reported headcount was 9 in 2025. Total Assets rose from £1.01M in 2024 to £1.67M in 2025 (65.83%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
25.19%from £316.01K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures M G DEVELOPMENTS (NI) LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+74.3%vs 2023+32% a year compound (CAGR)
Cash in Bank
-99.2%vs 2023-91.1% a year compound (CAGR)
Total Assets
+80%vs 2023+34.1% a year compound (CAGR)
Total Liabilities
+81.8%vs 2023+34.8% a year compound (CAGR)
Employees
-10%vs 2023-1Biggest increase
Total Liabilities+81.8%
£699.67K in 2023 to £1.27M in 2025
Biggest decrease
Cash in Bank-99.2%
£74.43K in 2023 to £591.00 in 2025
M G DEVELOPMENTS (NI) LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from M G DEVELOPMENTS (NI) LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 23.72%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 76.28%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 0.05%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 0.04%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for M G DEVELOPMENTS (NI) LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 353.98K | 404.21K | 226.97K | 316.01K | 395.59K |
| Total Assets£ | 1.01M | 1.17M | 926.64K | 1.01M | 1.67M |
| Cash in Bank£ | 70.01K | 6.61K | 74.43K | 24.97K | 591.00 |
| Total Liabilities£ | 658.29K | 769.21K | 699.67K | 689.63K | 1.27M |
| Employees | 12 | 10 | 10 | 10 | 9 |
M G DEVELOPMENTS (NI) LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for M G DEVELOPMENTS (NI) LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
M G DEVELOPMENTS (NI) LIMITED reported net assets of £395.59K for 2025. That compares with £316.01K in 2024, a change of 25.19%.
M G DEVELOPMENTS (NI) LIMITED reported total assets of £1.67M for 2025. That compares with £1.01M in 2024, a change of 65.83%.
M G DEVELOPMENTS (NI) LIMITED reported cash in bank of £591.00 for 2025. That compares with £24.97K in 2024, a change of -97.63%.
M G DEVELOPMENTS (NI) LIMITED reported 9 employees in 2025, compared with 10 in 2024.
Between 2023 and 2025, M G DEVELOPMENTS (NI) LIMITED's net assets rose by 74.3%, cash in bank fell by 99.2%, total assets rose by 80% and total liabilities rose by 81.8%. Net assets compounded at 32% a year across the two years to 2025, from £226.97K to £395.59K. Reported headcount went from 10 in 2023 to 9 in 2025 (-1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.