MG TAX ADVICE LTD Financials
- Company number
- 11744285Copy
Copy - Registered office
- 162d High Street, Hounslow, Middlesex TW3 1BQ
- Incorporated
- 31/12/2018
Company snapshot
- Status
- Active
- Employees
- 6 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-31.30%vs 20232023: £13.57K
Total Assets
-40.90%vs 20232023: £33.37K
Total Liabilities
-47.48%vs 20232023: £19.79K
Employees
0vs 20232023: 6
In 2024, MG TAX ADVICE LTD reported net assets of £9.33K. The same filing shows total assets of £19.72K and total liabilities of £10.40K. Reported headcount was 6 in 2024. Total Assets fell from £33.37K in 2023 to £19.72K in 2024 (-40.90%). 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
-31.30%from £13.57K 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 TAX ADVICE LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-19.9%vs 2022-10.5% a year compound (CAGR)
Total Assets
-61.4%vs 2022-37.9% a year compound (CAGR)
Total Liabilities
-73.6%vs 2022-48.7% a year compound (CAGR)
Employees
+20%vs 2022+1Biggest increase
Employees+20%
5 in 2022 to 6 in 2024
Biggest decrease
Total Liabilities-73.6%
£39.43K in 2022 to £10.40K in 2024
MG TAX ADVICE LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in employee numbers, pointing to an expanding team, 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 MG TAX ADVICE 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
- 47.29%2024
- Liabilities to total assets
- 52.71%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.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MG TAX ADVICE 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£ | 9.92K | 11.64K | 13.57K | 9.33K |
| Total Assets£ | 91.41K | 51.07K | 33.37K | 19.72K |
| Cash in Bank£ | – | – | – | – |
| Total Liabilities£ | 81.48K | 39.43K | 19.79K | 10.40K |
| Employees | 4 | 5 | 6 | 6 |
MG TAX ADVICE LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has MG TAX ADVICE LTD filed financial statements?
Yes. Okredo holds filed figures for MG TAX ADVICE LTD covering 2021–2024, across 4 reported indicators. The most recent reported year is 2024.
What net assets did MG TAX ADVICE LTD report in 2024?
MG TAX ADVICE LTD reported net assets of £9.33K for 2024. That compares with £13.57K in 2023, a change of -31.30%.
What total assets did MG TAX ADVICE LTD report in 2024?
MG TAX ADVICE LTD reported total assets of £19.72K for 2024. That compares with £33.37K in 2023, a change of -40.90%.
What total liabilities did MG TAX ADVICE LTD report in 2024?
MG TAX ADVICE LTD reported total liabilities of £10.40K for 2024. That compares with £19.79K in 2023, a change of -47.48%.
How many people does MG TAX ADVICE LTD employ?
MG TAX ADVICE LTD reported 6 employees in 2024, compared with 6 in 2023.
How have MG TAX ADVICE LTD financials changed over the last 3 years?
Between 2022 and 2024, MG TAX ADVICE LTD's net assets fell by 19.9%, total assets fell by 61.4%, total liabilities fell by 73.6% and employee numbers rose by 20%. Net assets contracted at 10.5% a year across the two years to 2024, from £11.64K to £9.33K. Reported headcount went from 5 in 2022 to 6 in 2024 (+1).
Which years of MG TAX ADVICE 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.