How much does MCN Parcel Services Ltd make?

MCN Parcel Services Ltd reported revenue of £785k and £93.2k profit in the year to 31 Oct 2023, according to its accounts filed at Companies House.

How many employees does MCN Parcel Services Ltd have?

MCN Parcel Services Ltd reported an average of 30 employees in the year to 31 Oct 2023.

Is MCN Parcel Services Ltd profitable?

Yes — MCN Parcel Services Ltd reported a profit of £93.2k in the year to 31 Oct 2023.

Company No. 12949192

MCN Parcel Services LtdDissolved

Registered name: MCN PARCEL SERVICES LTD

MCN Parcel Services Ltd made £785k revenue and £93.2k profit in the year to 31 Oct 2023.

MCN Parcel Services Ltd’s revenue grew 53% to £785k in the year to 31 Oct 2023, with £93.2k profit and 30 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Oct 2023

Key figures

IndependentCapital-lightOperating leverage

Revenue

£785k

Growth ▲53.3%

Profit

£93.2k

Growth ▲82.7%

Profit margin

11.9%

Gross 12%

Employees

Change ▲66.7%

Profit / employee

£3.1k

Revenue/employee £26.2k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2022	31 Oct 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£512k	£785k
Cost of sales	£460k	£691k
Gross profit	£52k	£94.2k
Operating profit	£51k	£93.2k
Profit before tax	£51k	£93.2k
Profit after tax	£51k	£93.2k
Profit (best available)	£51k	£93.2k
Employees (average)	18	30
Ratios
Profit margin	10%	11.9%
Gross margin	10.2%	12%
Revenue per employee	£28.4k	£26.2k
Profit per employee	£2.8k	£3.1k
Growth (year on year)
Revenue growth	—	▲53.3%
Profit growth	—	▲82.7%
Headcount growth	—	▲66.7%
Balance sheet — indirect signals, not revenue
Net assets	£20k	£50k
Fixed assets	£20k	£50k
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: 11.9%; Profit ÷ revenue.
Gross margin: 12%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £26.2k; Revenue ÷ average employees.
Profit per employee: £3.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: ▲150%; Now £50k
Cash at bank: —; Now —
Headcount: ▲67%; Now 30
Deferred income: —; Now —
Fixed assets: ▲150%; Now £50k

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2023 (profit £93.2k), from the Companies House accounts bulk data published Apr 2024. 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.