MGAC LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-16 (in 6mo)
Last made up 2025-11-02
Watchouts
Cash
£32K
-74.6% vs 2023
Net assets
£2M
+150% vs 2023
Employees
103
-6.4% vs 2023
Profit before tax
£260K
+845.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- MGAC LLP 2023-01-26 → present
- ROBINSON LOW FRANCIS LLP 2004-09-14 → 2023-01-26
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £12,340,430 | £12,572,261 | |
| Operating profit | £34,836 | £277,925 | |
| Profit before tax | £27,538 | £260,288 | |
| Net profit | £27,538 | £260,288 | |
| Cash | £125,663 | £31,973 | |
| Total assets less current liabilities | £853,080 | £2,133,010 | |
| Net assets | £853,080 | £2,133,010 | |
| Equity | £853,080 | £2,133,010 | |
| Average employees | 110 | 103 | |
| Wages | £7,444,879 | £7,118,109 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 0.3% | 2.2% | |
| Net margin | 0.2% | 2.1% | |
| Return on capital employed | 4.1% | 13.0% | |
| Gearing (liabilities / total assets) | 73.4% | 59.5% | |
| Current ratio | 1.23x | 1.62x | |
| Interest cover | 4.77x | 15.76x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Wbg (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- MGAC LLP · parent
- Flint + Partners Limited 1%
Significant events
- “We undertook a significant restructuring of the business during the year to streamline our operations and align our organisation with our long-term strategic priorities. This included difficult but necessary decisions to eliminate multiple largely non-productive positions. We replaced the UK office leadership through the acquisition of Flint & Partners in Q4 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARK G. ANDERSON CONSULTANTS, INC. | Corporate Llp Designated Member | 2021-10-11 | — | — |
| MGAC UK HOLDINGS LTD | Corporate Llp Designated Member | 2021-10-11 | — | — |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Steven Gerald | Llp Designated Member | 2004-09-14 | 2017-03-31 |
| CLEMONS, Sean Martin | Llp Designated Member | 2016-11-01 | 2021-10-11 |
| DUNCAN, Andrew Taylor | Llp Designated Member | 2004-09-14 | 2005-05-31 |
| HARRIS, David John | Llp Designated Member | 2004-09-14 | 2021-10-11 |
| ROBERTSON, Dorothy Helen | Llp Designated Member | 2006-06-01 | 2021-10-11 |
| THOMSON, David Andrew Gold | Llp Designated Member | 2005-07-01 | 2021-10-11 |
| RLF CORPORATE LIMITED | Corporate Llp Designated Member | 2010-12-01 | 2014-06-01 |
| ANDERSON, Paul Raymond | Llp Member | 2004-09-14 | 2021-05-31 |
| APPS, Richard William Mason | Llp Member | 2011-12-01 | 2013-05-31 |
| APPS, Richard William Mason | Llp Member | 2004-09-14 | 2011-05-31 |
| BARKER, Christopher David | Llp Member | 2018-06-01 | 2021-10-11 |
| BELL, Philip Arthur | Llp Member | 2005-09-05 | 2006-09-30 |
| CADENHEAD, David Alan | Llp Member | 2007-06-25 | 2008-11-30 |
| CALLAGHAN, Colin Michael | Llp Member | 2005-06-01 | 2009-05-31 |
| CAMPBELL, Kevin | Llp Member | 2005-07-01 | 2021-10-11 |
| CHEESMAN, Stephen Robert | Llp Member | 2012-06-01 | 2018-09-30 |
| CHESWORTH, Paul Robert Peter | Llp Member | 2005-07-01 | 2015-08-14 |
| COLEMAN, Patrick | Llp Member | 2004-09-14 | 2006-05-31 |
| COUTTS, Alister William, Dr | Llp Member | 2007-11-01 | 2011-04-20 |
| DANDO, Ralph Henry | Llp Member | 2008-06-01 | 2012-01-31 |
| DIGWEED, Jonathan Frederick William | Llp Member | 2006-06-01 | 2007-12-31 |
| GREENING, Christopher Leslie | Llp Member | 2014-08-12 | 2015-09-30 |
| HENIGAN, Steven John | Llp Member | 2011-06-01 | 2013-10-31 |
| JACKSON, Paul | Llp Member | 2005-07-01 | 2007-02-23 |
| MCLAGAN, Christopher Scott | Llp Member | 2017-06-01 | 2021-10-11 |
| MEGHEN, David Anthony, Mr. | Llp Member | 2011-06-01 | 2014-08-31 |
| MILWARD, Antony | Llp Member | 2005-06-01 | 2021-10-11 |
| NEWBERRY, Mark Andrew | Llp Member | 2004-09-14 | 2021-10-11 |
| ONAN-READ, Neville | Llp Member | 2004-09-14 | 2021-05-31 |
| SCRAGG, Peter James | Llp Member | 2004-09-14 | 2010-12-31 |
| SHEARER, Philip Charles | Llp Member | 2004-09-14 | 2014-08-31 |
| SPEIGHT, Andrew John | Llp Member | 2011-09-01 | 2012-08-03 |
| SUTHERLAND, Robert Scott Gardiner | Llp Member | 2004-09-14 | 2006-05-31 |
| WORTHINGTON, David | Llp Member | 2008-06-01 | 2011-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mark Anderson | Individual | voting-rights-75-to-100-percent-limited-liability-partnership, right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership, right-to-appoint-and-remove-members-limited-liability-partnership | 2021-10-11 | Ceased 2024-12-12 |
| Cynthia Anderson | Individual | significant-influence-or-control-limited-liability-partnership | 2021-10-11 | Ceased 2023-12-01 |
| Mgac Uk Holdings Ltd | Corporate entity | significant-influence-or-control-limited-liability-partnership | 2021-10-11 | Active |
| Mr Kevin Campbell | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2021-10-11 |
| Mr David John Harris | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2021-10-11 |
| Mr Antony Milward | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2021-10-11 |
| Mr Mark Andrew Newberry | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2021-10-11 |
| Ms Dorothy Helen Robertson | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2021-10-11 |
| Mr David Andrew Gold Thomson | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2021-10-11 |
| Mr Paul Raymond Anderson | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2021-05-31 |
| Mr Neville Onan-Read | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2021-05-31 |
| Mr Stephen Robert Cheesman | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2018-09-30 |
| Mr Steven Gerald Barker | Individual | significant-influence-or-control-limited-liability-partnership | 2016-04-06 | Ceased 2017-03-31 |
Filing timeline
Last 20 of 181 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-26 CERTNM Certificate change of name company
- 2023-01-26 LLNM01 Change of name notice limited liability partnership
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-12 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-03 | AA | accounts | Accounts with accounts type full | |
| 2024-12-16 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2024-11-12 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-22 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2024-10-09 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2024-09-30 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2024-06-03 | AA | accounts | Accounts with accounts type full | |
| 2023-12-05 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2023-12-05 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2023-11-07 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-13 | AA | accounts | Accounts with accounts type full | |
| 2023-01-26 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-01-26 | LLNM01 | change-of-name | Change of name notice limited liability partnership | |
| 2022-12-20 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-26 | LLAA01 | accounts | Change account reference date limited liability partnership current extended | |
| 2022-02-01 | AA | accounts | Accounts with accounts type full | |
| 2021-12-17 | LLAA01 | accounts | Change account reference date limited liability partnership previous shortened | |
| 2021-11-02 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-20 | LLCS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+1.9%
£12,340,430 £12,572,261
-
Cash
-74.6%
£125,663 £31,973
-
Net assets
+150%
£853,080 £2,133,010
-
Employees
-6.4%
110 103
-
Operating profit
+697.8%
£34,836 £277,925
-
Profit before tax
+845.2%
£27,538 £260,288
-
Wages
-4.4%
£7,444,879 £7,118,109
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