mardan developments limited
mardan developments limited Company Information
Company Number
00492753
Next Accounts
1 days late
Shareholders
tannen group ltd
Group Structure
View All
Industry
Buying and selling of own real estate
Registered Address
sutherland house , 3rd floor, 70-78 west hendon broadway, london, NW9 7BT
Website
-mardan developments limited Estimated Valuation
Pomanda estimates the enterprise value of MARDAN DEVELOPMENTS LIMITED at £4.8m based on a Turnover of £1.5m and 3.17x industry multiple (adjusted for size and gross margin).
mardan developments limited Estimated Valuation
Pomanda estimates the enterprise value of MARDAN DEVELOPMENTS LIMITED at £31.5m based on an EBITDA of £4.6m and a 6.8x industry multiple (adjusted for size and gross margin).
mardan developments limited Estimated Valuation
Pomanda estimates the enterprise value of MARDAN DEVELOPMENTS LIMITED at £39.3m based on Net Assets of £25m and 1.58x industry multiple (adjusted for liquidity).
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Mardan Developments Limited Overview
Mardan Developments Limited is a live company located in london, NW9 7BT with a Companies House number of 00492753. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 1951, it's largest shareholder is tannen group ltd with a 100% stake. Mardan Developments Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.
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Mardan Developments Limited Health Check
Pomanda's financial health check has awarded Mardan Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
2 Weak
Size
annual sales of £1.5m, make it larger than the average company (£824.8k)
£1.5m - Mardan Developments Limited
£824.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (2.4%)
8% - Mardan Developments Limited
2.4% - Industry AVG
Production
with a gross margin of 71.2%, this company has a comparable cost of product (71.1%)
71.2% - Mardan Developments Limited
71.1% - Industry AVG
Profitability
an operating margin of 304.6% make it more profitable than the average company (29%)
304.6% - Mardan Developments Limited
29% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Mardan Developments Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Mardan Developments Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £380.6k, this is more efficient (£181.9k)
£380.6k - Mardan Developments Limited
£181.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mardan Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
0 days - Mardan Developments Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mardan Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (10 weeks)
3 weeks - Mardan Developments Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.2%, this is a lower level of debt than the average (63.1%)
34.2% - Mardan Developments Limited
63.1% - Industry AVG
MARDAN DEVELOPMENTS LIMITED financials
Mardan Developments Limited's latest turnover from June 2023 is £1.5 million and the company has net assets of £25 million. According to their latest financial statements, Mardan Developments Limited has 4 employees and maintains cash reserves of £562.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,522,390 | 1,321,778 | 1,200,497 | 1,222,598 | 1,078,311 | 1,180,174 | 619,490 | |||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 438,358 | 463,288 | 500,716 | 412,700 | 447,706 | 353,397 | -600,028 | |||||||
| Gross Profit | 1,084,032 | 858,490 | 699,781 | 809,898 | 630,605 | 826,777 | 600,028 | |||||||
| Admin Expenses | -3,552,900 | 2,241,894 | 127,692 | 130,127 | 113,204 | 120,147 | -684,569 | -501,214 | ||||||
| Operating Profit | 4,636,932 | -1,383,404 | 572,089 | 679,771 | 517,401 | 706,630 | 699,939 | 557,732 | 1,284,597 | 501,214 | 425,923 | 395,520 | 265,616 | |
| Interest Payable | 312,884 | 317,576 | 334,176 | 358,816 | 320,540 | 321,443 | 333,272 | 331,733 | 342,987 | 195,846 | ||||
| Interest Receivable | 51,206 | |||||||||||||
| Pre-Tax Profit | 4,324,048 | -1,700,980 | 237,913 | 320,955 | 196,861 | 385,187 | 366,667 | 225,999 | 941,610 | 305,368 | 425,923 | 446,726 | 265,616 | 138,427 |
| Tax | -1,819,587 | 401,717 | ||||||||||||
| Profit After Tax | 2,504,461 | -1,299,263 | 237,913 | 320,955 | 196,861 | 385,187 | 366,667 | 225,999 | 941,610 | 305,368 | 425,923 | 446,726 | 265,616 | 138,427 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 2,504,461 | -1,299,263 | 237,913 | 320,955 | 196,861 | 385,187 | 366,667 | 225,999 | 941,610 | 305,368 | 425,923 | 446,726 | 265,616 | 138,427 |
| Employee Costs | 37,000 | |||||||||||||
| Number Of Employees | 4 | 4 | 4 | 4 | 5 | 5 | ||||||||
| EBITDA* | 4,636,932 | -1,383,404 | 572,089 | 679,771 | 517,401 | 706,630 | 699,939 | 557,732 | 1,284,597 | 501,214 | 425,923 | 395,520 | 265,616 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | 24,420,002 | 20,750,002 | 22,855,002 | 22,855,002 | 22,855,002 | 22,855,002 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 24,420,002 | 20,750,002 | 22,855,002 | 22,855,002 | 22,855,002 | 22,855,002 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Stock & work in progress | 2,045,587 | 2,045,587 | 2,045,587 | 2,045,587 | 2,045,587 | 2,045,587 | 2,045,587 | 2,045,587 | ||||||
| Trade Debtors | 3,575 | |||||||||||||
| Group Debtors | 12,871,162 | 11,836,794 | 10,634,840 | 11,904,052 | 10,993,977 | 7,881,358 | 7,743,656 | 8,309,359 | 8,168,126 | 8,382,031 | 856,523 | 426,523 | 375,318 | |
| Misc Debtors | 93,232 | 127,844 | 120,635 | 84,607 | 82,889 | 107,788 | 117,322 | 94,599 | 75,905 | 3,825 | 3,675 | 3,575 | 3,331 | 7,144 |
| Cash | 562,368 | 649,970 | 1,064,152 | 835,077 | 1,091,233 | 1,578,259 | 1,599,422 | 1,160,791 | 709,977 | 134,258 | 382,220 | 449,959 | 3,680 | 277,300 |
| misc current assets | ||||||||||||||
| total current assets | 13,526,762 | 12,614,608 | 11,819,627 | 12,823,736 | 12,168,099 | 9,567,405 | 11,505,987 | 11,610,336 | 10,999,595 | 10,565,701 | 3,288,005 | 2,925,644 | 2,431,491 | 2,330,031 |
| total assets | 37,946,764 | 33,364,610 | 34,674,629 | 35,678,738 | 35,023,101 | 32,422,407 | 11,505,989 | 11,610,338 | 10,999,597 | 10,565,703 | 3,288,007 | 2,925,646 | 2,431,493 | 2,330,033 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 20 | 42,226 | 42,382 | 40,283 | 42,687 | 40,348 | 30,197 | 11,067 | ||||||
| Group/Directors Accounts | 8,302,204 | 7,989,320 | 7,595,681 | 8,824,562 | 8,465,745 | 6,099,720 | 6,339,720 | 6,784,400 | 6,452,667 | 6,919,412 | 45,000 | 149,170 | ||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 7,606 | 20,178 | 22,700 | 37,940 | 59,671 | 24,202 | 72,535 | 118,001 | 76,059 | 117,029 | 64,113 | 82,675 | 80,248 | 95,234 |
| total current liabilities | 8,309,830 | 8,051,724 | 7,660,763 | 8,902,785 | 8,568,103 | 6,164,270 | 6,442,452 | 6,913,468 | 6,528,726 | 7,036,441 | 64,113 | 127,675 | 80,248 | 244,404 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 4,674,430 | 2,854,843 | 3,256,560 | 3,256,560 | 3,256,560 | |||||||||
| total long term liabilities | 4,674,430 | 2,854,843 | 3,256,560 | 3,256,560 | 3,256,560 | 3,256,560 | ||||||||
| total liabilities | 12,984,260 | 10,906,567 | 10,917,323 | 12,159,345 | 11,824,663 | 9,420,830 | 6,442,452 | 6,913,468 | 6,528,726 | 7,036,441 | 64,113 | 127,675 | 80,248 | 244,404 |
| net assets | 24,962,504 | 22,458,043 | 23,757,306 | 23,519,393 | 23,198,438 | 23,001,577 | 5,063,537 | 4,696,870 | 4,470,871 | 3,529,262 | 3,223,894 | 2,797,971 | 2,351,245 | 2,085,629 |
| total shareholders funds | 24,962,504 | 22,458,043 | 23,757,306 | 23,519,393 | 23,198,438 | 23,001,577 | 5,063,537 | 4,696,870 | 4,470,871 | 3,529,262 | 3,223,894 | 2,797,971 | 2,351,245 | 2,085,629 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,636,932 | -1,383,404 | 572,089 | 679,771 | 517,401 | 706,630 | 699,939 | 557,732 | 1,284,597 | 501,214 | 425,923 | 395,520 | 265,616 | |
| Depreciation | ||||||||||||||
| Amortisation | ||||||||||||||
| Tax | -1,819,587 | 401,717 | ||||||||||||
| Stock | -2,045,587 | 2,045,587 | ||||||||||||
| Debtors | 999,756 | 1,209,163 | -1,233,184 | 911,793 | 3,087,720 | 128,168 | -542,980 | 159,927 | -141,825 | 7,525,658 | 430,100 | 47,874 | 375,080 | 7,144 |
| Creditors | -42,206 | -156 | 2,099 | -2,404 | 2,339 | 10,151 | 19,130 | 11,067 | ||||||
| Accruals and Deferred Income | -12,572 | -2,522 | -15,240 | -21,731 | 35,469 | -48,333 | -45,466 | 41,942 | -40,970 | 52,916 | -18,562 | 2,427 | -14,986 | 95,234 |
| Deferred Taxes & Provisions | 1,819,587 | -401,717 | 3,256,560 | |||||||||||
| Cash flow from operations | 3,582,398 | -2,595,245 | 1,792,132 | -256,157 | 724,049 | 2,585,867 | 1,216,583 | 450,814 | 1,385,452 | -6,971,528 | -22,739 | 350,073 | -124,450 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 3,670,000 | -2,105,000 | 22,855,000 | 2 | ||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 312,884 | 393,639 | -1,228,881 | 358,817 | 2,366,025 | -240,000 | -444,680 | 331,733 | -466,745 | 6,919,412 | -45,000 | 45,000 | -149,170 | 149,170 |
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -312,884 | -317,576 | -334,176 | -358,816 | -320,540 | -321,443 | -333,272 | -331,733 | -342,987 | -195,846 | 51,206 | |||
| cash flow from financing | 76,063 | -1,563,057 | 1 | 2,045,485 | 16,991,410 | -777,952 | -809,733 | 6,723,566 | -45,000 | 96,206 | -149,170 | 2,096,372 | ||
| cash and cash equivalents | ||||||||||||||
| cash | -87,602 | -414,182 | 229,075 | -256,156 | -487,026 | -21,163 | 438,631 | 450,814 | 575,719 | -247,962 | -67,739 | 446,279 | -273,620 | 277,300 |
| overdraft | ||||||||||||||
| change in cash | -87,602 | -414,182 | 229,075 | -256,156 | -487,026 | -21,163 | 438,631 | 450,814 | 575,719 | -247,962 | -67,739 | 446,279 | -273,620 | 277,300 |
mardan developments limited Credit Report and Business Information
Mardan Developments Limited Competitor Analysis
Perform a competitor analysis for mardan developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in NW9 area or any other competitors across 12 key performance metrics.
mardan developments limited Ownership
MARDAN DEVELOPMENTS LIMITED group structure
Mardan Developments Limited has 1 subsidiary company.
Ultimate parent company
1 parent
MARDAN DEVELOPMENTS LIMITED
00492753
1 subsidiary
mardan developments limited directors
Mardan Developments Limited currently has 4 directors. The longest serving directors include Mr David Tannen (Dec 1990) and Mr Martin Tannen (Dec 1990).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Tannen | 95 years | Dec 1990 | - | Director | |
| Mr Martin Tannen | England | 69 years | Dec 1990 | - | Director |
| Mr Daniel Tannen | England | 67 years | Dec 1990 | - | Director |
| Mr Jonathan Miller | 61 years | Jun 2014 | - | Director |
P&L
June 2023turnover
1.5m
+15%
operating profit
4.6m
-435%
gross margin
71.3%
+9.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
25m
+0.11%
total assets
37.9m
+0.14%
cash
562.4k
-0.13%
net assets
Total assets minus all liabilities
mardan developments limited company details
company number
00492753
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
March 1951
age
74
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
sutherland house , 3rd floor, 70-78 west hendon broadway, london, NW9 7BT
Bank
BARCLAYS BANK PLC
Legal Advisor
-
mardan developments limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 42 charges/mortgages relating to mardan developments limited. Currently there are 7 open charges and 35 have been satisfied in the past.
mardan developments limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MARDAN DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
mardan developments limited Companies House Filings - See Documents
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