MVNC LTD Financials
- Company number
- 12312287CopyCopy
- Registered office
- 4385, 12312287 - COMPANIES HOUSE DEFAULT ADDRESS, Cardiff CF14 8LH
- Incorporated
- 13/11/2019
Company snapshot
- Status
- Active
- Employees
- 48 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
21.06%vs 20222022: £15.21M
Total Assets
13.38%vs 20222022: £18.51M
Cash in Bank
61.56%vs 20222022: £3.50M
Total Liabilities
-11.98%vs 20222022: £6.05M
Employees
-106vs 20222022: 154
In 2023, MVNC LTD reported net assets of £18.41M. The same filing shows total assets of £20.99M, cash in bank of £5.66M and total liabilities of £5.32M. Reported headcount was 48 in 2023. Net Assets rose from £15.21M in 2022 to £18.41M in 2023 (21.06%). 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
21.06%from £15.21M 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 MVNC LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+272%vs 2021+92.9% a year compound (CAGR)
Cash in Bank
+54.8%vs 2021+24.4% a year compound (CAGR)
Total Assets
+38.7%vs 2021+17.8% a year compound (CAGR)
Total Liabilities
-44.5%vs 2021-25.5% a year compound (CAGR)
Employees
-77.7%vs 2021-167Biggest increase
Net Assets+272%
£4.95M in 2021 to £18.41M in 2023
Biggest decrease
Employees-77.7%
215 in 2021 to 48 in 2023
MVNC LTD's filings pull in both directions between 2021 and 2023. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in employee numbers, pointing to a smaller workforce. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MVNC 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
- 87.71%2023
- 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
- 25.36%2023
- 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
- 106.27%2023
- 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
- 26.95%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £211.38K2023
- 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 MVNC LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 4.95M | 15.21M | 18.41M |
| Total Assets£ | 15.14M | 18.51M | 20.99M |
| Cash in Bank£ | 3.65M | 3.50M | 5.66M |
| Total Liabilities£ | 9.58M | 6.05M | 5.32M |
| Employees | 215 | 154 | 48 |
MVNC LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MVNC LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
MVNC LTD reported net assets of £18.41M for 2023. That compares with £15.21M in 2022, a change of 21.06%.
MVNC LTD reported total assets of £20.99M for 2023. That compares with £18.51M in 2022, a change of 13.38%.
MVNC LTD reported cash in bank of £5.66M for 2023. That compares with £3.50M in 2022, a change of 61.56%.
MVNC LTD reported 48 employees in 2023, compared with 154 in 2022.
Between 2021 and 2023, MVNC LTD's net assets rose by 272%, cash in bank rose by 54.8%, total assets rose by 38.7% and total liabilities fell by 44.5%. Net assets compounded at 92.9% a year across the two years to 2023, from £4.95M to £18.41M. Reported headcount went from 215 in 2021 to 48 in 2023 (-167).
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.