Mgh Corporation Limited in Nantwich, CW5 7PE

Description

Data updated on: 01-11-2023

Mgh Corporation came into being in 2021 as a company enlisted under no 13322603, located at CW5 7PE Nantwich at Laurels Farm. The company has been in business for 3 years and its current status is active. This company's principal business activity number is 64209 which stands for Activities of other holding companies n.e.c.. Mgh Corporation Ltd filed its latest accounts for the financial period up to 2022-09-30. Its most recent annual confirmation statement was filed on 2023-04-07.

We have a group of two directors managing this limited company now, specifically George H. and Michael H. who have been utilizing the directors obligations for 3 years. To find professional help with legal documentation, this particular limited company has been utilizing the skills of Richard L. as a secretary since April 2021.

Executives who have control over the firm are as follows: George H. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Michael H. owns over 1/2 to 3/4 of company shares and has over 1/2 to 3/4 of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-09-30	2021-09-30
Currency

Balance Sheet
Debtors		1 200 000
Total Inventories	18 678 915	26 165 678

Other Financial Data
Accrued Liabilities Deferred Income	2 031 914	3 199 067
Accumulated Amortisation Impairment Intangible Assets		417
Accumulated Depreciation Impairment Property Plant Equipment	14 521 561	11 469 504
Additions Other Than Through Business Combinations Intangible Assets		16 699
Additions Other Than Through Business Combinations Property Plant Equipment		1 148 441
Administrative Expenses	2 518 859	4 048 750
Average Number Employees During Period		209
Bank Borrowings	7 723 728	15 120 273
Bank Borrowings Overdrafts	7 723 728	15 120 273
Cash Cash Equivalents	516 867	1 018 707
Comprehensive Income Expense	3 546 971	4 390 106
Corporation Tax Payable	203 815	354 836
Cost Sales	66 510 465	78 293 351
Current Asset Investments		396 412
Current Tax For Period	333 127	861 827
Deferred Income	8 539	7 438
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	219 941	-72 930
Finance Lease Liabilities Present Value Total	39 000	39 000
Finance Lease Payments Owing Minimum Gross	46 800	39 000
Finished Goods Goods For Resale	17 998 674	25 290 736
Gain Loss On Disposals Property Plant Equipment		-679 850
Government Grant Income	10 000
Gross Profit Loss	6 398 739	9 663 363
Impairment Loss Reversal On Investments		47 009
Income Taxes Paid Refund Classified As Operating Activities	-283 012	-721 417
Increase Decrease In Current Tax From Adjustment For Prior Periods	-619 497	10 611
Increase From Amortisation Charge For Year Intangible Assets		417
Increase From Depreciation Charge For Year Property Plant Equipment		1 197 827
Intangible Assets		16 282
Intangible Assets Gross Cost		16 699
Interest Expense On Debt Securities In Issue Other Similar Loans	308 541	317 511
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	101 173	61 580
Interest Income On Bank Deposits	77
Interest Paid Classified As Operating Activities	-415 061	-379 091
Interest Payable Similar Charges Finance Costs	415 061	379 091
Interest Received Classified As Investing Activities	-4 217
Investments Fixed Assets		1 000
Investments In Subsidiaries		1 000
Issue Equity Instruments		1 000
Net Cash Generated From Operations	-7 706 523	3 511 459
Net Finance Income Costs	4 217	1 200 000
Operating Profit Loss	3 891 386	5 615 714
Other Creditors	77 433	100 598
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		4 249 884
Other Disposals Property Plant Equipment		6 440 204
Other Interest Receivable Similar Income Finance Income	4 217
Other Remaining Borrowings	2 913 588	2 228 038
Pension Other Post-employment Benefit Costs Other Pension Costs	339 950	263 255
Percentage Class Share Held In Subsidiary		100
Prepayments Accrued Income	558 754	876 800
Profit Loss	3 546 971	1 200 000
Profit Loss On Ordinary Activities Before Tax	3 480 542	5 189 614
Property Plant Equipment Gross Cost	23 445 211	18 153 448
Raw Materials Consumables	680 241	874 942
Social Security Costs	755 497	711 489
Staff Costs Employee Benefits Expense	6 531 062	8 383 209
Taxation Including Deferred Taxation Balance Sheet Subtotal	634 331	561 401
Tax Increase Decrease Arising From Group Relief Tax Reconciliation	11 701
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-235 981	-235 828
Tax Increase Decrease From Effect Capital Allowances Depreciation		37 515
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	-103 896	7 146
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-66 429	799 508
Total Borrowings	7 723 728	15 120 273
Total Current Tax Expense Credit	-286 370	872 438
Trade Creditors Trade Payables	7 046 488	5 462 801
Trade Debtors Trade Receivables	9 877 289	12 464 831
Turnover Revenue	72 909 204	87 956 714
Wages Salaries	5 435 615	7 408 465

Company staff

George H.

Role: Director

Appointed: 08 April 2021

Latest update: 24 February 2024

Michael H.

Role: Director

Appointed: 08 April 2021

Latest update: 24 February 2024

Richard L.

Role: Secretary

Appointed: 08 April 2021

Latest update: 24 February 2024

People with significant control

George H.

Notified on 22 June 2021

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Michael H.

Notified on 8 April 2021

Nature of control:

over 1/2 to 3/4 of shares

over 1/2 to 3/4 of voting rights

right to manage directors

Accounts Documents

Account next due date	30 June 2024
Account last made up date	30 September 2022
Confirmation statement next due date	21 April 2024
Confirmation statement last made up date	07 April 2023

Annual Accounts
Start Date For Period Covered By Report	2020-10-01
End Date For Period Covered By Report	2021-09-30
Annual Accounts
Start Date For Period Covered By Report	2021-10-01
End Date For Period Covered By Report	2022-09-30

Mgh Corporation Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

George H.

Michael H.

Richard L.

People with significant control

George H.

Michael H.

Accounts Documents

Company filings

Filing category

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