MGBC LTD Financials
- Company number
- 09742928CopyCopy
- Registered office
- 5 Imperial Court, Laporte Way, Luton, Bedfordshire LU4 8FE
- Incorporated
- 21/08/2015
Company snapshot
- Status
- Active
- Employees
- 12 (2024)
- Latest financial data
- 2024
- Accounts type
- Medium
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
37.59%vs 20232023: £6.28M
Total Assets
51.97%vs 20232023: £13.40M
Cash in Bank
49.85%vs 20232023: £3.06M
Total Liabilities
113.04%vs 20232023: £3.86M
Employees
+5vs 20232023: 7
In 2024, MGBC LTD reported net assets of £8.65M. The same filing shows total assets of £20.37M, cash in bank of £4.58M and total liabilities of £8.21M. Reported headcount was 12 in 2024. Total Assets rose from £13.40M in 2023 to £20.37M in 2024 (51.97%). 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
37.59%from £6.28M 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 MGBC LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+190%vs 2022+70.3% a year compound (CAGR)
Cash in Bank
+204%vs 2022+74.3% a year compound (CAGR)
Total Assets
+241%vs 2022+84.7% a year compound (CAGR)
Total Liabilities
+275%vs 2022+93.7% a year compound (CAGR)
Employees
+140%vs 2022+7Biggest increase
Total Liabilities+275%
£2.19M in 2022 to £8.21M in 2024
Every indicator Okredo holds for MGBC LTD rose between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, with net assets, cash in bank, total assets and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MGBC 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
- 42.46%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
- 40.33%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
- 55.80%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
- 22.51%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £1.79M2024
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MGBC 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£ | 1.39M | 2.98M | 6.28M | 8.65M |
| Total Assets£ | 2.74M | 5.97M | 13.40M | 20.37M |
| Cash in Bank£ | 550.25K | 1.51M | 3.06M | 4.58M |
| Total Liabilities£ | 1.35M | 2.19M | 3.86M | 8.21M |
| Employees | 5 | 5 | 7 | 12 |
MGBC LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MGBC LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
MGBC LTD reported net assets of £8.65M for 2024. That compares with £6.28M in 2023, a change of 37.59%.
MGBC LTD reported total assets of £20.37M for 2024. That compares with £13.40M in 2023, a change of 51.97%.
MGBC LTD reported cash in bank of £4.58M for 2024. That compares with £3.06M in 2023, a change of 49.85%.
MGBC LTD reported 12 employees in 2024, compared with 7 in 2023.
Between 2022 and 2024, MGBC LTD's net assets rose by 190%, cash in bank rose by 204%, total assets rose by 241% and total liabilities rose by 275%. Net assets compounded at 70.3% a year across the two years to 2024, from £2.98M to £8.65M. Reported headcount went from 5 in 2022 to 12 in 2024 (+7).
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.