M G ELECTRICAL CONTRACTORS (SW) LIMITED Financials
- Company number
- 09227578CopyCopy
- Registered office
- 17 Haytor View, Heathfield, Newton Abbot TQ12 6RQ
- Incorporated
- 19/09/2014
Company snapshot
- Status
- Active
- Employees
- 3 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
870.67%vs 20232023: £2.76K
Total Assets
49.34%vs 20232023: £29.80K
Cash in Bank
109.37%vs 20232023: £13.80K
Total Liabilities
-36.34%vs 20232023: £22.24K
Employees
0vs 20232023: 3
In 2024, M G ELECTRICAL CONTRACTORS (SW) LIMITED reported net assets of £26.74K. The same filing shows total assets of £44.51K, cash in bank of £28.90K and total liabilities of £14.16K. Reported headcount was 3 in 2024. Net Assets rose from £2.76K in 2023 to £26.74K in 2024 (870.67%). Okredo holds filed figures for 2021–2024; 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
870.67%from £2.76K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures M G ELECTRICAL CONTRACTORS (SW) LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+3897%vs 2022+532% a year compound (CAGR)
Cash in Bank
+389%vs 2022+121% a year compound (CAGR)
Total Assets
+47%vs 2022+21.3% a year compound (CAGR)
Total Liabilities
-38.8%vs 2022-21.8% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Net Assets+3897%
£669.00 in 2022 to £26.74K in 2024
Biggest decrease
Total Liabilities-38.8%
£23.13K in 2022 to £14.16K in 2024
M G ELECTRICAL CONTRACTORS (SW) LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from M G ELECTRICAL CONTRACTORS (SW) 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
- 60.09%2024
- 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
- 31.81%2024
- 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
- 204.14%2024
- 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
- 64.94%2024
- 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 ELECTRICAL CONTRACTORS (SW) LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 411.00 | 669.00 | 2.76K | 26.74K |
| Total Assets£ | 35.97K | 30.27K | 29.80K | 44.51K |
| Cash in Bank£ | 10.37K | 5.91K | 13.80K | 28.90K |
| Total Liabilities£ | 26.83K | 23.13K | 22.24K | 14.16K |
| Employees | 3 | 3 | 3 | 3 |
M G ELECTRICAL CONTRACTORS (SW) LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for M G ELECTRICAL CONTRACTORS (SW) LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
M G ELECTRICAL CONTRACTORS (SW) LIMITED reported net assets of £26.74K for 2024. That compares with £2.76K in 2023, a change of 870.67%.
M G ELECTRICAL CONTRACTORS (SW) LIMITED reported total assets of £44.51K for 2024. That compares with £29.80K in 2023, a change of 49.34%.
M G ELECTRICAL CONTRACTORS (SW) LIMITED reported cash in bank of £28.90K for 2024. That compares with £13.80K in 2023, a change of 109.37%.
M G ELECTRICAL CONTRACTORS (SW) LIMITED reported 3 employees in 2024, compared with 3 in 2023.
Between 2022 and 2024, M G ELECTRICAL CONTRACTORS (SW) LIMITED's net assets rose by 3897%, cash in bank rose by 389%, total assets rose by 47% and total liabilities fell by 38.8%. Net assets compounded at 532% a year across the two years to 2024, from £669.00 to £26.74K. Reported headcount went from 3 in 2022 to 3 in 2024.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.