MGB (Cornwall) Limited
Registered name: MGB (CORNWALL) LIMITED
MGB (Cornwall) Limited made £29.4m revenue and £1.1m profit in the year to 31 Jan 2024.
MGB (Cornwall) Limited’s revenue was £29.4m in the year to 31 Jan 2024, with £1.1m profit and 420 employees. The company is classified under “activities of other holding companies” and is based in Redruth.
- Status
- Active
- Location
- Redruth, South West
- Age
- 3 yrs · since 2023
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jan 2024 |
|---|---|
| Disclosure | Full P&L |
| Profit & loss | |
| Revenue (turnover) | £29.4m |
| Cost of sales | £24.3m |
| Gross profit | £5.1m |
| Operating profit | £2.2m |
| Profit before tax | £1.6m |
| Profit after tax | £1.1m |
| Profit (best available) | £1.1m |
| Staff costs | £8.9m |
| Employees (average) | 420 |
| Ratios | |
| Profit margin | 3.8% |
| Gross margin | 17.3% |
| Revenue per employee | £70.1k |
| Profit per employee | £2.7k |
| Cash conversion | 283.2% |
| Balance sheet — indirect signals, not revenue | |
| Cash at bank | £8.5k |
| Net assets | £5.2m |
| Fixed assets | £29.9m |
| Current assets | £18.9m |
| Debtors | £9.3m |
| Cash from operations | £6.4m |
| Source | FullAccounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 3.8%
- Profit ÷ revenue.
- Gross margin
- 17.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £70.1k
- Revenue ÷ average employees.
- Profit per employee
- £2.7k
- Profit ÷ average employees.
- Cash conversion
- 283.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 101.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 31.5%
- Money owed by customers. Low = customers pay quickly.
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 £5.2m
- Cash at bank
- —
- Now £8.5k
- Headcount
- —
- Now 420
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £29.9m
Group structure
Subsidiaries (4)
- Conway Bailey Transport LimitedRev. £36.6m · Profit £1.6m
- R.R. Transport LimitedRev. £21.5m · Profit £1.1m
- Bailey Holdings LimitedFigures not disclosed
- MGB (Cornwall) Investment 1 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Jan 2024 (profit £1.1m), from the Companies House accounts bulk data published Oct 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.