MGRC MANAGEMENT LIMITED

1. MGRC MANAGEMENT LIMITED 2002-03-27 → present
2. MVCI UK LIMITED 2001-09-19 → 2002-03-27
3. MVCI FINANCE LIMITED 2000-10-17 → 2001-09-19

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has a commitment of support from MVWC and has received confirmation of continuing financial support, covering a period of at least 12 months from the date of signing this report. The directors have made enquiries of MVWC and have reviewed its group cash flow projections which indicate sufficient liquidity and ability to meet the requirements of its debt covenants through the next twelve months from signing the directors' report. Based on MVWC's 2024 results and the Q2 2025 performance, and the projections based on the growth achieved in recent months, the directors have concluded that there is sufficient headroom, and it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “A new sublease agreement for the rental of the basement restaurant space was signed in January 2025 with a rent commencement date of 14 November 2025.”
• “The 2024 refurbishments were completed on time with minimal impact to occupancy rates and there are no further refurbishments planned for 2025.”
• “The company was granted the 'Business Rates Retail, hospitality and leisure relief discount by Westminster City Council for £95,000 (2023: £110,000). The maximum amount to be claimed over a 3-year period is £315,000 with the remaining £95,000 claimed in 2024.”
• “During 2024, interest of £84,961 (2023: £40,550) was earned from fixed-term deposits.”
• “The company achieved an employee engagement result of 79% (2023: 78%).”
• “Annual residence fees for 2024 have increased 5% over the 2023 residence fee.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +14.6%

  £9,960,220 → £11,412,617

• Cash

  +7.6%

  £2,199,658 → £2,366,862

• Net assets

  +1.8%

  £4,124,651 → £4,200,694

• Employees

  +2.8%

  36 → 37

• Operating profit

  -85.9%

  £346,706 → £48,827

• Profit before tax

  -65.5%

  £392,317 → £135,230

• Wages

  +5.4%

  £1,367,582 → £1,441,355

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers