MG GROUP (PROFESSIONAL SERVICES) LTD Financials
- Company number
- 06122679Copy
Copy - Registered office
- 166 College Road, Harrow, Middlesex HA1 1BH
- Incorporated
- 21/02/2007
Company snapshot
- Status
- Active
- Employees
- 22 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-16.53%vs 20232023: £381.02K
Total Assets
4.71%vs 20232023: £1.10M
Cash in Bank
9.69%vs 20232023: £203.24K
Total Liabilities
16.12%vs 20232023: £707.79K
Employees
-1vs 20232023: 23
In 2024, MG GROUP (PROFESSIONAL SERVICES) LTD reported net assets of £318.06K. The same filing shows total assets of £1.15M, cash in bank of £222.93K and total liabilities of £821.86K. Reported headcount was 22 in 2024. Total Liabilities rose from £707.79K in 2023 to £821.86K in 2024 (16.12%). 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
-16.53%from £381.02K 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 MG GROUP (PROFESSIONAL SERVICES) LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+34.2%vs 2022+15.8% a year compound (CAGR)
Cash in Bank
+26.7%vs 2022+12.5% a year compound (CAGR)
Total Assets
+21.3%vs 2022+10.1% a year compound (CAGR)
Total Liabilities
+20.4%vs 2022+9.7% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Net Assets+34.2%
£237.08K in 2022 to £318.06K in 2024
Every measure that changed in MG GROUP (PROFESSIONAL SERVICES) LTD's filings between 2022 and 2024 rose. The steepest rise came in net assets, pointing to a strengthening balance sheet, with cash in bank, total assets and total liabilities climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MG GROUP (PROFESSIONAL SERVICES) LTD'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
- 27.57%2024
- Liabilities to total assets
- 71.23%2024
- Cash to liabilities
- 27.12%2024
- Cash to total assets
- 19.32%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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
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 MG GROUP (PROFESSIONAL SERVICES) LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 201.44K | 237.08K | 381.02K | 318.06K |
| Total Assets£ | 666.65K | 951.19K | 1.10M | 1.15M |
| Cash in Bank£ | 254.89K | 176.02K | 203.24K | 222.93K |
| Total Liabilities£ | 423.31K | 682.70K | 707.79K | 821.86K |
| Employees | 13 | 22 | 23 | 22 |
MG GROUP (PROFESSIONAL SERVICES) LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has MG GROUP (PROFESSIONAL SERVICES) LTD filed financial statements?
Yes. Okredo holds filed figures for MG GROUP (PROFESSIONAL SERVICES) LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did MG GROUP (PROFESSIONAL SERVICES) LTD report in 2024?
MG GROUP (PROFESSIONAL SERVICES) LTD reported net assets of £318.06K for 2024. That compares with £381.02K in 2023, a change of -16.53%.
What total assets did MG GROUP (PROFESSIONAL SERVICES) LTD report in 2024?
MG GROUP (PROFESSIONAL SERVICES) LTD reported total assets of £1.15M for 2024. That compares with £1.10M in 2023, a change of 4.71%.
What cash in bank did MG GROUP (PROFESSIONAL SERVICES) LTD report in 2024?
MG GROUP (PROFESSIONAL SERVICES) LTD reported cash in bank of £222.93K for 2024. That compares with £203.24K in 2023, a change of 9.69%.
How many people does MG GROUP (PROFESSIONAL SERVICES) LTD employ?
MG GROUP (PROFESSIONAL SERVICES) LTD reported 22 employees in 2024, compared with 23 in 2023.
How have MG GROUP (PROFESSIONAL SERVICES) LTD financials changed over the last 3 years?
Between 2022 and 2024, MG GROUP (PROFESSIONAL SERVICES) LTD's net assets rose by 34.2%, cash in bank rose by 26.7%, total assets rose by 21.3% and total liabilities rose by 20.4%. Net assets compounded at 15.8% a year across the two years to 2024, from £237.08K to £318.06K. Reported headcount went from 22 in 2022 to 22 in 2024.
Which years of MG GROUP (PROFESSIONAL SERVICES) LTD financial data are available?
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.