How much does MGBC Ltd make?

MGBC Ltd reported revenue of £21.4m and £2.8m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does MGBC Ltd have?

MGBC Ltd reported an average of 12 employees in the year to 31 Dec 2024.

Is MGBC Ltd profitable?

Yes — MGBC Ltd reported a profit of £2.8m in the year to 31 Dec 2024.

Company No. 09742928 · Incorporated 21 Aug 2015

MGBC Ltd

Registered name: MGBC LTD

Part of McGuinness Brothers Group Ltd group

MGBC Ltd made £21.4m revenue and £2.8m profit in the year to 31 Dec 2024.

MGBC Ltd’s revenue was £21.4m in the year to 31 Dec 2024, with £2.8m profit and 12 employees. The company is classified under “other building completion and finishing” and is based in Luton; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43390Other building completion and finishing

Status: Active
Location: Luton, East of England
Age: 11 yrs · since 2015
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2024

Key figures

Cash flow filed

Revenue

£21.4m

Growth —

Profit

£2.8m

Growth —

Profit margin

13%

Gross 22%

Employees

Change —

Profit / employee

£232k

Revenue/employee £1.8m

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£15.2m	£21.4m
Cost of sales	—	£10.9m	£16.7m
Gross profit	—	£4.3m	£4.7m
Operating profit	—	£3.3m	£3.8m
Profit before tax	—	£3.2m	£3.7m
Profit after tax	—	£2.4m	£2.8m
Profit (best available)	—	£2.4m	£2.8m
Staff costs	—	£142k	£406k
Employees (average)	5	7	12
Ratios
Profit margin	—	15.9%	13%
Gross margin	—	28.2%	22%
Revenue per employee	—	£2.2m	£1.8m
Profit per employee	—	£345k	£232k
Cash conversion	—	−141.7%	−168.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.5m	£3.1m	£4.6m
Net assets	£3m	£6.3m	£8.6m
Fixed assets	£801k	£4.8m	£7.8m
Current assets	£4.4m	£5.4m	£9.1m
Debtors	£1.1m	£890k	£2.5m
Cash from operations	—	−£4.7m	−£6.3m
Source	Accounts · bulk data Apr 2024	Accounts · bulk data Apr 2024	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: 13%; Profit ÷ revenue.
Gross margin: 22%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.8m; Revenue ÷ average employees.
Profit per employee: £232k; Profit ÷ average employees.
Cash conversion: −168.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 36.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 11.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now £8.6m
Cash at bank: —; Now £4.6m
Headcount: —; Now 12
Deferred income: —; Now —
Fixed assets: —; Now £7.8m

Corporate ownership

Group structure

Ownership chain

McGuinness Brothers Group Ltdultimate parent75–100%
MGBC Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (5)

McGuinness Brothers Construction LtdFigures not disclosed
MGB Land Holdings LtdFigures not disclosed
MGB Plant Hire LimitedFigures not disclosed
MGBC Holdings LimitedRev. — · Profit £28.9k
MGBC Investments LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £2.8m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.