MVNC Ltd
Registered name: MVNC LTD
MVNC Ltd made £10.1m revenue and £3.2m profit in the year to 30 Nov 2023.
MVNC Ltd’s revenue grew 34% to £10.1m in the year to 30 Nov 2023, with £3.2m profit and 48 employees. The company is classified under “treatment and disposal of non-hazardous waste” and is based in Cardiff; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 6 yrs · since 2019
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2021 | 30 Nov 2022 | 30 Nov 2023 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £7.5m | £10.1m |
| Cost of sales | — | £5.7m | £7.2m |
| Gross profit | — | £1.8m | £3m |
| Operating profit | — | £1.8m | £3.5m |
| Profit before tax | — | £1.8m | £3.5m |
| Profit after tax | — | £1.6m | £3.2m |
| Profit (best available) | — | £1.6m | £3.2m |
| Employees (average) | 154 | 176 | 48 |
| Ratios | |||
| Profit margin | — | 21.7% | 31.6% |
| Gross margin | — | 24.4% | 29.2% |
| Revenue per employee | — | £42.9k | £211k |
| Profit per employee | — | £9.3k | £66.7k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲34.5% |
| Profit growth | — | — | ▲95.4% |
| Headcount growth | — | ▲14.3% | ▼72.7% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £2.5m | £3.5m | £5.7m |
| Net assets | £5.8m | £15.2m | £18.4m |
| Fixed assets | £2.5m | £3.3m | £3.3m |
| Current assets | £5.3m | £14.9m | £17.4m |
| Debtors | £1.3m | £1m | £835k |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Jul 2024 |
How the business works
- Profit margin
- 31.6%
- Profit ÷ revenue.
- Gross margin
- 29.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £211k
- Revenue ÷ average employees.
- Profit per employee
- £66.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 32.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.2%
- 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
- ▲21%
- Now £18.4m
- Cash at bank
- ▲62%
- Now £5.7m
- Headcount
- ▼73%
- Now 48
- Deferred income
- —
- Now —
- Fixed assets
- 0%
- Now £3.3m
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Sources
Latest figures from FullAccounts for the year to 30 Nov 2023 (profit £3.2m), from the Companies House accounts bulk data published Jul 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.