MGM MOTOR COMPONENTS LIMITED Financials
- Company number
- 04178066CopyCopy
- Registered office
- C/O Penningtons Manches Cooper Llp, Floor 11, 45 Church Street, Birmingham B3 2RT
- Incorporated
- 13/03/2001
Company snapshot
- Status
- Active
- Employees
- 13 (2023)
- Latest financial data
- 2023
- Accounts type
- Dormant
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
24.86%vs 20222022: £703.62K
Total Assets
14.88%vs 20212021: £938.76K
Cash in Bank
25.78%vs 20222022: £593.11K
Total Liabilities
13.33%vs 20212021: £330.79K
Employees
-2vs 20222022: 15
In 2023, MGM MOTOR COMPONENTS LIMITED reported net assets of £878.51K. The same filing shows total assets of £1.08M, cash in bank of £746.03K and total liabilities of £374.87K. Reported headcount was 13 in 2023. Net Assets rose from £703.62K in 2022 to £878.51K in 2023 (24.86%). Okredo holds filed figures for 2021–2023; 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
24.86%from £703.62K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures MGM MOTOR COMPONENTS LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+44.5%vs 2021+20.2% a year compound (CAGR)
Cash in Bank
+56.1%vs 2021+24.9% a year compound (CAGR)
Employees
+18.2%vs 2021+2Biggest increase
Cash in Bank+56.1%
£477.97K in 2021 to £746.03K in 2023
Every indicator Okredo holds for MGM MOTOR COMPONENTS LIMITED rose between 2021 and 2023. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MGM MOTOR COMPONENTS 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
- 65.24%2022
- 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
- 34.76%2022
- 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
- 158.22%2022
- 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
- 54.99%2022
- 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 MGM MOTOR COMPONENTS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 607.97K | 703.62K | 878.51K |
| Total Assets£ | 938.76K | 1.08M | – |
| Cash in Bank£ | 477.97K | 593.11K | 746.03K |
| Total Liabilities£ | 330.79K | 374.87K | – |
| Employees | 11 | 15 | 13 |
MGM MOTOR COMPONENTS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MGM MOTOR COMPONENTS LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
MGM MOTOR COMPONENTS LIMITED reported net assets of £878.51K for 2023. That compares with £703.62K in 2022, a change of 24.86%.
MGM MOTOR COMPONENTS LIMITED reported total assets of £1.08M for 2022. That compares with £938.76K in 2021, a change of 14.88%.
MGM MOTOR COMPONENTS LIMITED reported cash in bank of £746.03K for 2023. That compares with £593.11K in 2022, a change of 25.78%.
MGM MOTOR COMPONENTS LIMITED reported 13 employees in 2023, compared with 15 in 2022.
Between 2021 and 2023, MGM MOTOR COMPONENTS LIMITED's net assets rose by 44.5%, cash in bank rose by 56.1% and employee numbers rose by 18.2%. Net assets compounded at 20.2% a year across the two years to 2023, from £607.97K to £878.51K. Reported headcount went from 11 in 2021 to 13 in 2023 (+2).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.