New Millennia Group Limited in Castlefield, M3 4LZ

Description

Data updated on: 01-11-2023

Located in 3rd Floor Eastgate, Castlefield M3 4LZ New Millennia Group Limited is classified as a Private Limited Company issued a 04820474 Companies House Reg No. It was started twenty one years ago. The company is recognized as New Millennia Group Limited. It should be noted that the company also operated as Sg 10 until the company name was replaced twenty one years ago. This firm's registered with SIC code 70100 - Activities of head offices. The company's most recent financial reports cover the period up to 2021-12-31 and the most recent annual confirmation statement was released on 2023-10-12.

From the information we have gathered, this particular firm was established in 2003 and has so far been governed by five directors, out of whom two (Paul O. and Nik H.) are still listed as current directors. In order to help the directors in their tasks, this particular firm has been utilizing the expertise of Nik H. as a secretary for the last nineteen years.

New Millennia Group Limited offer the only true, fully insured, non-recourse, non-retention 100% funding facility in the market today. New Millennia Group Limited's finance facilities have been used successfully since May 2000 by recruitment businesses just like yours. New Millennia Group Limited reviews every business’ needs case by case to help them grow as much as possible. New Millennia Group Limited are a group of companies which prides itself on providing tailored, bespoke solutions to temporary recruitment agencies and are specialists in “New Starts” into the recruitment industry. New Millennia Group Limited's client service manifesto is to deal with partner agencies honestly, ethically, with integrity and a desire to continually improve their quality of service by listening, responding and being flexible. The success of this approach is illustrated by the fact that New Millennia Group Limited still have a large number of recruitment agencies that have joined their organisation since 2000 as new start recruitment agencies and are now individually generating between £2 million and £10 million of business per year.

Previous company's names
New Millennia Group Limited 2003-09-11
Sg Co 10 Limited 2003-07-03

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-06-30	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	17 511	160 459	89 808	69 138	44 301
Current Assets	138 757	233 055	150 236	712 519	745 786
Debtors	121 246	72 596	60 428	643 381	701 485
Net Assets Liabilities	116 118	103 306	68 941
Other Debtors	4 316	19 093	4 599	12 084	18 771
Property Plant Equipment	9 227	5 627	3 227

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment	64 658	68 258	70 658	73 885
Additions Other Than Through Business Combinations Property Plant Equipment		2 410
Administration Support Average Number Employees	16	18
Administrative Expenses	1 259 731	110 425	47 722	7 946	3 392
Amounts Owed By Group Undertakings				630 714	682 714
Amounts Owed By Related Parties	51 499	525 000
Amounts Owed To Group Undertakings				483 232	571 226
Amounts Owed To Related Parties		118 764	53 902
Applicable Tax Rate	19	19	19
Average Number Employees During Period	20	3	2	2	2
Cash Cash Equivalents Cash Flow Value	97 076	37 128
Comprehensive Income Expense	10 654	14 188	77 318
Comprehensive Income Expense Attributable To Owners Parent	96 838	55 996
Corporation Tax Payable				26 806	4 187
Cost Sales	30 739 853	53 422 279
Creditors	6 943 849	8 096 145	85 426	514 891	575 466
Current Tax For Period	21 077	5 387	18 960	26 463	3 916
Depreciation Amortisation Expense	12 498	13 386
Depreciation Expense Property Plant Equipment	12 498	3 600	2 400
Dividend Per Share Interim		1	2
Dividends Paid	-100 000	-27 000	-111 683	180 000	44 000
Dividends Paid Classified As Financing Activities	-100 000	-27 000
Dividends Paid On Shares Interim		27 000	111 683	180 000	44 000
Fixed Assets	10 131	6 531	4 131
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	1 524 542	952 710
Future Minimum Lease Payments Under Non-cancellable Operating Leases	47 820	32 348
Gain Loss From Revaluation Property Plant Equipment Recognised In Profit Or Loss	4 108
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	471 702	197 521
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	2 048 546	779 268
Gain Loss On Disposals Property Plant Equipment	4 108
Gross Profit Loss	1 377 646	2 215 466
Income Taxes Paid Refund Classified As Operating Activities	37 755	3 322
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-59 948	413 000
Increase From Depreciation Charge For Year Property Plant Equipment		3 600	2 400
Investments Fixed Assets	904	904	904	904	904
Investments In Subsidiaries	904	904	904	904	904
Net Cash Flows From Used In Financing Activities	1 424 542	925 710
Net Cash Flows From Used In Investing Activities	3 804	-2 410
Net Cash Flows From Used In Operating Activities	-1 488 294	-510 300
Net Cash Generated From Operations	-1 450 539	-506 978
Net Cash Inflow Outflow From Operations Before Movements In Working Capital	126 305	74 769
Net Current Assets Liabilities	105 987	96 775	64 810	197 628	170 320
Number Shares Issued Fully Paid	50 000	50 000	50 000
Operating Profit Loss	117 915	19 575	96 278
Other Creditors	4 436	430 570
Other Departments Average Number Employees	4	3	2
Other Employee Expense		7 518
Other Interest Receivable Similar Income Finance Income				200 000
Other Payables Accrued Expenses	1 134	1 115	996
Other Remaining Borrowings	4 886 353	5 839 063
Other Short-term Employee Benefits	6 366	6 939
Other Taxation Social Security Payable				4 800
Par Value Share		1	1
Payments To Related Parties	50 302	29 670
Prepayments	32 798	10 870	12 629
Prepayments Accrued Income				583
Proceeds From Sales Property Plant Equipment	4 823
Profit Loss	10 654	14 188	77 318	309 591	16 692
Profit Loss Attributable To Owners Parent	96 838	55 996
Profit Loss On Ordinary Activities Before Tax	117 915	19 575	96 278	336 054	20 608
Property Plant Equipment Gross Cost	73 885	73 885	73 885	73 885
Purchase Property Plant Equipment	-1 019	-2 410
Revenue From Sale Goods	32 117 499	130 000	144 000
Social Security Costs	34 391	58 047
Staff Costs Employee Benefits Expense	449 683	781 760
Taxation Social Security Payable	705 896	1 147 423
Tax Expense Credit Applicable Tax Rate	22 404	3 719	18 293	63 850	3 916
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-1 327	-1 304
Tax Increase Decrease From Effect Capital Allowances Depreciation		1 668	667
Tax Increase Decrease From Effect Dividends From Companies				-38 000
Tax Increase Decrease From Other Short-term Timing Differences				613
Tax Tax Credit On Profit Or Loss On Ordinary Activities	21 077	5 387	18 960	26 463	3 916
Total Assets Less Current Liabilities				198 532	171 224
Total Borrowings	4 886 353	5 839 063
Trade Creditors Trade Payables	24 138	11 274	11 227	53	53
Trade Debtors Trade Receivables	32 633	42 633	43 200
Turnover Revenue	32 060 739	130 000	144 000
Wages Salaries	408 926	709 256
Amount Specific Advance Or Credit Directors	4 000	4 000
Amount Specific Advance Or Credit Made In Period Directors	4 000	4 000
Amount Specific Advance Or Credit Repaid In Period Directors		-4 000
Director Remuneration	160 652	270 695