Mvg Industries Uk Ltd in St. Helens, WA11 9TH

Description

Data updated on: 01-11-2023

Mvg Industries Uk Ltd has existed on the British market for at least eighteen years. Registered with number 05869828 in the year 2006, the firm have office at Unit 400 Haydock Lane, Haydock Industrial Estate, St. Helens WA11 9TH. This particular Mvg Industries Uk Ltd business was recognized under three other names before it adapted the current name. The company was started under the name of of Rainford Emc Systems and was switched to Rainford Emc Holdings on Tue, 20th Apr 2021. The third name was current name up till 2006. This firm's principal business activity number is 25110 - Manufacture of metal structures and parts of structures. 2022-12-31 is the last time when company accounts were reported.

With three recruitment announcements since Tuesday 12th January 2016, Mvg Industries Uk has been a relatively active employer on the labour market. On Thursday 29th March 2018, it started recruiting job candidates for a full time Store Person post in Saint Helens, and on Tuesday 12th January 2016, for the vacant post of a full time Reception/Administration Assistant in Saint Helens. So far, they have hired candidates for the Installation Engineer/Supervisor positions.

The details related to this specific company's executives implies a leadership of four directors: William M., Per I., Philippe G. and John N. who joined the company's Management Board on Mon, 11th Jun 2018, Thu, 26th Jul 2012 and Fri, 7th Jul 2006.

Previous company's names
Mvg Industries Uk Ltd 2021-04-20
Rainford Emc Systems Limited 2008-04-16
Rainford Emc Holdings Limited 2006-08-22
Rainford Holdings Limited 2006-07-07

Financial data based on annual reports

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

Balance Sheet
Cash Bank On Hand	179 297	351 541	2 798 931	3 100 206	2 819 670
Current Assets	7 234 512	10 314 443	8 830 380	9 225 144	10 650 430
Debtors	6 558 607	9 617 747	5 608 472	5 849 903	7 458 593
Net Assets Liabilities	2 968 338	3 331 031	4 845 059	4 870 116	6 497 550
Other Debtors	3 739	4 042	18 015	7 106	9 112
Property Plant Equipment	228 088	194 402	170 375	180 462	164 648
Total Inventories	496 608	345 155	422 977	275 035	372 167

Other Financial Data
Audit Fees Expenses	16 850	14 250	16 500	20 500	24 450
Other Non-audit Services Fees		2 250
Taxation Compliance Services Fees		950
Accrued Liabilities Deferred Income	547 296	2 158 703	1 131 729	704 882	1 294 894
Accumulated Amortisation Impairment Intangible Assets	993 045	1 079 816	1 166 587	1 253 358	1 340 129
Accumulated Depreciation Impairment Property Plant Equipment	307 508	376 070	446 897	481 157	550 345
Additions Other Than Through Business Combinations Property Plant Equipment		34 876	46 800		57 907
Administrative Expenses	2 661 181	3 285 102	3 081 537	3 002 986	2 153 589
Amortisation Expense Intangible Assets	86 771	86 771	86 771	86 771	86 771
Amounts Owed By Group Undertakings	3 938 914	5 512 386	3 402 818	3 454 994	6 139 847
Amounts Owed To Group Undertakings	1 906 627	3 654 774	1 602 412	2 129 057	1 970 081
Amounts Recoverable On Contracts	598 504	1 426 944
Average Number Employees During Period		52	52	55	54
Bank Borrowings Overdrafts	116 916		158 469
Bank Overdrafts			158 469
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	25 808	15 346
Corporation Tax Payable	155 804	110 364	378 264	523 028	239 200
Cost Sales	6 704 794	8 402 776	9 656 859	8 570 744	8 930 386
Creditors	20 535	13 098	8 269	16 135	13 125
Current Tax For Period	157 136	112 671	386 573	514 826	409 619
Deferred Income	880 300	1 735 579
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-7 753	-4 610	413	-12 371	16 781
Depreciation Expense Property Plant Equipment	74 535	68 562	70 827	66 239	69 188
Dividends Paid				2 000 000
Dividends Paid On Shares Final				2 000 000
Finance Lease Liabilities Present Value Total	20 535	13 098	8 269	16 135	13 125
Finance Lease Payments Owing Minimum Gross	27 974	20 537	11 216	25 733	22 723
Finished Goods Goods For Resale		345 155	422 977	275 035	372 167
Fixed Assets	970 463	850 006	739 208	662 524	559 939
Further Item Tax Increase Decrease Component Adjusting Items	1 960	2 323	16 486	14 322	16 781
Future Minimum Lease Payments Under Non-cancellable Operating Leases		1 283 805	582 574	425 525	360 043
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-45 083	128 149	-203 663	-15 897	546 906
Gain Loss On Disposals Property Plant Equipment				12 792
Government Grant Income			84 702	58 102
Gross Profit Loss	3 370 136	3 738 697	4 906 170	5 457 559	4 178 563
Increase Decrease In Current Tax From Adjustment For Prior Periods	-7			-17 062	-15 603
Increase From Amortisation Charge For Year Intangible Assets		86 771	86 771		86 771
Increase From Depreciation Charge For Year Property Plant Equipment		68 562	70 827		69 188
Intangible Assets	742 375	655 604	568 833	482 062	395 291
Intangible Assets Gross Cost	1 735 420	1 735 420		1 735 420
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings		4 746	8 321	2 225	791
Interest Income On Bank Deposits	7	2 588			14 048
Interest Payable Similar Charges Finance Costs	4 375	4 746	8 321	2 225	791
Net Current Assets Liabilities	2 093 172	2 576 019	4 206 988	4 543 623	6 102 119
Number Equity Instruments Exercisable Share-based Payment Arrangement			5 000
Number Equity Instruments Forfeited Share-based Payment Arrangement		20 000
Number Equity Instruments Granted Share-based Payment Arrangement		5 000
Number Equity Instruments Outstanding Share-based Payment Arrangement	20 000	5 000	5 000
Operating Profit Loss	708 955	472 911	1 909 335	2 512 675	2 024 974
Other Creditors	51 572	11 058	14 094	2 052	16 354
Other Interest Receivable Similar Income Finance Income	7	2 588			14 048
Other Operating Income Format1		19 316	84 702	58 102
Other Provisions Balance Sheet Subtotal	40 494	52 238	62 797	302 198	116 904
Other Taxation Social Security Payable	85 777	85 538	260 990	162 481	80 930
Pension Other Post-employment Benefit Costs Other Pension Costs	31 267	43 781	45 541	48 372	48 491
Prepayments Accrued Income	105 119	1 338 015	425 601	533 768	377 140
Profit Loss	555 211	362 692	1 514 028	2 025 057	1 627 434
Profit Loss On Ordinary Activities Before Tax	704 587	470 753	1 901 014	2 510 450	2 038 231
Property Plant Equipment Gross Cost	535 596	570 472	617 272	661 619	714 993
Raw Materials Consumables	496 608	345 155
Research Development Expense Recognised In Profit Or Loss				10 330	17 347
Social Security Costs	194 978	206 218	208 086	232 606	241 534
Staff Costs Employee Benefits Expense	1 990 879	2 260 501	2 311 708	2 311 813	2 512 290
Taxation Including Deferred Taxation Balance Sheet Subtotal	34 268	29 658	30 071	17 698	34 479
Tax Expense Credit Applicable Tax Rate	133 872	89 443	361 193	476 986	387 264
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		2 323	6 961	1 104	7 515
Tax Increase Decrease From Other Short-term Timing Differences		-191	-255	22 414
Tax Tax Credit On Profit Or Loss On Ordinary Activities	149 376	108 061	386 986	485 393	410 797
Total Assets Less Current Liabilities	3 063 635	3 426 025	4 946 196	5 206 147	6 662 058
Total Borrowings			158 469
Total Current Tax Expense Credit	157 129	112 671		497 764	394 016
Total Operating Lease Payments		96 017	152 996	168 628	166 143
Trade Creditors Trade Payables	1 389 609	1 710 548	1 074 487	1 150 423	937 254
Trade Debtors Trade Receivables	1 912 331	1 336 360	1 762 038	1 854 035	932 494
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Property Plant Equipment					4 533
Turnover Revenue	10 074 930	12 141 473	14 563 029	14 028 303	13 108 949
Wages Salaries	1 764 634	2 010 502	2 058 081	2 030 835	2 222 265
Weighted Average Exercise Price Equity Instruments Forfeited Share-based Payment Arrangement		14
Weighted Average Exercise Price Equity Instruments Outstanding Share-based Payment Arrangement	14
Company Contributions To Defined Benefit Plans Directors	1 718	3 602	3 853	3 863	3 867
Director Remuneration		285 651	302 944	265 211	279 737
Director Remuneration Benefits Including Payments To Third Parties	200 253	289 253	306 797	269 074	283 604