Mrea (North Tyneside) LLP
Registered name: MREA (NORTH TYNESIDE) LLP
Part of Mike Rogerson Estate Agents Limited groupMrea (North Tyneside) LLP made £94.3k revenue and £7.5k profit in the year to 31 Mar 2023.
Mrea (North Tyneside) LLP’s revenue grew 10% to £94.3k in the year to 31 Mar 2023, with £7.5k profit and 2 employees. The company is based in Ashington; we hold 2 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Ashington, North East
- Age
- 16 yrs · since 2010
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. It is excluded from our opportunity lists.
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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £85.8k | £94.3k |
| Profit after tax | −£3.6k | £7.5k |
| Profit (best available) | −£3.6k | £7.5k |
| Staff costs | £37.4k | £39k |
| Employees (average) | 3 | 2 |
| Ratios | ||
| Profit margin | −4.2% | 8% |
| Revenue per employee | £28.6k | £47.1k |
| Profit per employee | −£1.2k | £3.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▲9.9% |
| Headcount growth | — | ▼33.3% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | £0 | £0 |
| Current assets | £62.4k | £66.6k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 |
How the business works
- Profit margin
- 8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £47.1k
- Revenue ÷ average employees.
- Profit per employee
- £3.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- 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.
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 £0
- Cash at bank
- —
- Now —
- Headcount
- ▼33%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Mike Rogerson Estate Agents Limitedultimate parent75–100%
- Mrea (North Tyneside) LLPthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (10)
- Mrea (Blyth) LLPActive - Proposal to Strike offRev. £33.9k · Profit £405
- Forest Hall Sales LLPActive - Proposal to Strike offFigures not disclosed
- Mike Rogerson LimitedFigures not disclosed
- Mrea (Ashington) LtdActive - Proposal to Strike offFigures not disclosed
- Mrea (Bedlington) LtdActive - Proposal to Strike offFigures not disclosed
- Mrea (Morpeth) LtdActive - Proposal to Strike offFigures not disclosed
- The Bedlington Office LtdFigures not disclosed
- The Blyth Office LimitedFigures not disclosed
- The Morpeth Office LimitedFigures not disclosed
- The Wallsend Office LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit £7.5k), from the Companies House accounts bulk data published Dec 2023. 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.