Ian Mcardle Limited

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ian mcardle limited Company Information

Company Number

00991280

Next Accounts

38 days late

Directors

Dalwinder Chahal

Navdeep Chahal

Shareholders

carters green clinic & business centre ltd

Group Structure

View All

Industry

Dispensing chemist in specialised stores

Registered Address

371 high street, west bromwich, B70 9QL

Website

mcardlespharmacy.co.uk

ian mcardle limited Estimated Valuation

£257.6k

Pomanda estimates the enterprise value of IAN MCARDLE LIMITED at £257.6k based on a Turnover of £779.5k and 0.33x industry multiple (adjusted for size and gross margin).

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Ian Mcardle Limited is a live company located in west bromwich, B70 9QL with a Companies House number of 00991280. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in October 1970, it's largest shareholder is carters green clinic & business centre ltd with a 100% stake. Ian Mcardle Limited is a mature, small sized company, Pomanda has estimated its turnover at £779.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Ian Mcardle Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £779.5k, make it smaller than the average company (£11.9m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (5.8%)

EXPORT

Ian Mcardle Limited's latest turnover from April 2023 is estimated at £779.5 thousand and the company has net assets of £112.3 thousand. According to their latest financial statements, Ian Mcardle Limited has 8 employees and maintains cash reserves of £89.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	779,457	1,023,615	1,011,712	933,197	929,905	946,494	865,601	878,649	986,764	872,156	875,651	968,446	1,083,068	1,205,852
Other Income Or Grants
Cost Of Sales	524,309	686,081	697,423	647,271	639,175	640,721	587,277	608,047	688,681	604,142	609,556	685,726	761,852	839,571
Gross Profit	255,148	337,534	314,288	285,926	290,731	305,773	278,324	270,602	298,083	268,013	266,094	282,720	321,216	366,281
Admin Expenses	299,130	1,340,943	271,185	236,761	267,469	184,716	229,844	222,238	262,240	260,223	239,672	244,429	250,334	-634,840
Operating Profit	-43,982	-1,003,409	43,103	49,165	23,262	121,057	48,480	48,364	35,843	7,790	26,422	38,291	70,882	1,001,121
Interest Payable
Interest Receivable	2,803	4,040	1,016	980	7,159	4,462	2,025	3,685	3,360	3,118	2,978	2,877	3,489	2,100
Pre-Tax Profit	-41,179	-999,369	44,119	50,144	30,421	125,520	50,505	52,049	39,203	10,908	29,400	41,168	74,371	1,003,221
Tax			-8,383	-9,527	-5,780	-23,849	-10,101	-10,410	-8,233	-2,509	-7,056	-10,704	-20,824	-280,902
Profit After Tax	-41,179	-999,369	35,736	40,617	24,641	101,671	40,404	41,639	30,970	8,399	22,344	30,464	53,547	722,319
Dividends Paid
Retained Profit	-41,179	-999,369	35,736	40,617	24,641	101,671	40,404	41,639	30,970	8,399	22,344	30,464	53,547	722,319
Employee Costs	201,813	159,842	208,296	184,779	225,535	231,220	203,691	191,461	155,525	137,816	134,819	133,997	152,017	150,907
Number Of Employees	8	7	10	9	11	12	11	11	9	8	8	8	9	9
EBITDA*	-35,451	-993,835	53,583	52,169	26,392	123,118	49,131	48,910	35,843	10,084	27,098	48,713	74,762	1,017,824

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	42,679	50,785	33,499	9,715	12,278	15,408	3,695	3,101	4	4	2,298	782	10,166	13,676
Intangible Assets
Investments & Other							46,609	46,609	71,609	96,609	121,609	121,609	121,609	121,609
Debtors (Due After 1 year)
Total Fixed Assets	42,679	50,785	33,499	9,715	12,278	15,408	50,304	49,710	71,613	96,613	123,907	122,391	131,775	135,285
Stock & work in progress	79,336	34,684	36,911	51,327	45,282	45,060	43,953	51,595	53,072	58,115	66,572	61,863	69,308	65,524
Trade Debtors		151,757	160,916	150,974	122,519	128,118	124,366	129,292	161,746	148,507	168,083	203,530	196,744	225,469
Group Debtors
Misc Debtors	353,533	20,160	14,672	13,797	13,476	16,647	13,144	13,489
Cash	89,078	42,828	1,034,512	996,715	962,787	946,215	838,734	781,095	692,818	651,184	596,076	595,232	555,591	839,886
misc current assets
total current assets	521,947	249,429	1,247,011	1,212,813	1,144,064	1,136,040	1,020,197	975,471	907,636	857,806	830,731	860,625	821,643	1,130,879
total assets	564,626	300,214	1,280,510	1,222,528	1,156,342	1,151,448	1,070,501	1,025,181	979,249	954,419	954,638	983,016	953,418	1,266,164
Bank overdraft
Bank loan
Trade Creditors	124,449	119,058	61,039	65,671	47,511	58,002	83,445	80,071	103,475	101,350	111,921	130,597	123,490	139,496
Group/Directors Accounts				7,661	5,748	4,011	6,706	10,518	7,641	15,906	13,953	45,999	53,972	404,259
other short term finances
hp & lease commitments
other current liabilities	319,685	20,949	63,566	31,185	25,394	35,833	30,174	24,820
total current liabilities	444,134	140,007	124,605	104,517	78,653	97,846	120,325	115,409	111,116	117,256	125,874	176,596	177,462	543,755
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	8,199	6,735	3,064	906	1,201	1,755
total long term liabilities	8,199	6,735	3,064	906	1,201	1,755
total liabilities	452,333	146,742	127,669	105,423	79,854	99,601	120,325	115,409	111,116	117,256	125,874	176,596	177,462	543,755
net assets	112,293	153,472	1,152,841	1,117,105	1,076,488	1,051,847	950,176	909,772	868,133	837,163	828,764	806,420	775,956	722,409
total shareholders funds	112,293	153,472	1,152,841	1,117,105	1,076,488	1,051,847	950,176	909,772	868,133	837,163	828,764	806,420	775,956	722,409

	Apr 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-43,982	-1,003,409	43,103	49,165	23,262	121,057	48,480	48,364	35,843	7,790	26,422	38,291	70,882	1,001,121
Depreciation	8,531	9,574	10,480	3,004	3,130	2,061	651	546		2,294	676	10,422	3,880	16,703
Amortisation
Tax			-8,383	-9,527	-5,780	-23,849	-10,101	-10,410	-8,233	-2,509	-7,056	-10,704	-20,824	-280,902
Stock	44,652	-2,227	-14,416	6,045	222	1,107	-7,642	-1,477	-5,043	-8,457	4,709	-7,445	3,784	65,524
Debtors	181,616	-3,671	10,817	28,776	-8,770	7,255	-5,271	-18,965	13,239	-19,576	-35,447	6,786	-28,725	225,469
Creditors	5,391	58,019	-4,632	18,160	-10,491	-25,443	3,374	-23,404	2,125	-10,571	-18,676	7,107	-16,006	139,496
Accruals and Deferred Income	298,736	-42,617	32,381	5,791	-10,439	5,659	5,354	24,820
Deferred Taxes & Provisions	1,464	3,671	2,158	-295	-554	1,755
Cash flow from operations	43,872	-968,864	78,706	31,477	7,676	72,878	60,671	60,358	21,539	25,037	32,104	45,775	62,873	585,425
Investing Activities
capital expenditure	-425	-26,860	-34,264	-441		-13,774	-1,245	-3,643			-2,192	-1,038	-370	-30,379
Change in Investments						-46,609		-25,000	-25,000	-25,000				121,609
cash flow from investments	-425	-26,860	-34,264	-441		32,835	-1,245	21,357	25,000	25,000	-2,192	-1,038	-370	-151,988
Financing Activities
Bank loans
Group/Directors Accounts			-7,661	1,913	1,737	-2,695	-3,812	2,877	-8,265	1,953	-32,046	-7,973	-350,287	404,259
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue														90
interest	2,803	4,040	1,016	980	7,159	4,462	2,025	3,685	3,360	3,118	2,978	2,877	3,489	2,100
cash flow from financing	2,803	4,040	-6,645	2,893	8,896	1,767	-1,787	6,562	-4,905	5,071	-29,068	-5,096	-346,798	406,449
cash and cash equivalents
cash	46,250	-991,684	37,797	33,928	16,572	107,481	57,639	88,277	41,634	55,108	844	39,641	-284,295	839,886
overdraft
change in cash	46,250	-991,684	37,797	33,928	16,572	107,481	57,639	88,277	41,634	55,108	844	39,641	-284,295	839,886

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IAN MCARDLE LIMITED group structure

Ian Mcardle Limited has no subsidiary companies.

Ultimate parent company

IAN MCARDLE LIMITED

00991280

IAN MCARDLE LIMITED Shareholders

carters green clinic & business centre ltd

100%

Ian Mcardle Limited currently has 2 directors. The longest serving directors include Mr Dalwinder Chahal (Mar 2022) and Mr Navdeep Chahal (Mar 2022).

officer	country	age	start	end	role
Mr Dalwinder Chahal	England	37 years	Mar 2022	-	Director
Mr Navdeep Chahal	United Kingdom	33 years	Mar 2022	-	Director

P&L

April 2023

turnover

779.5k

-24%

operating profit

-44k

gross margin

32.8%

-0.73%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2023

net assets

112.3k

-0.27%

total assets

564.6k

+0.88%

cash

89.1k

+1.08%

net assets

Total assets minus all liabilities

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company number

00991280

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

October 1970

ultimate parent company

None

previous names

thamesdene (brierley hill) limited (February 1988)

address

371 high street, west bromwich, B70 9QL

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 3 charges/mortgages relating to ian mcardle limited. Currently there are 1 open charges and 2 have been satisfied in the past.

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.

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ian mcardle limited Company Information

ian mcardle limited Estimated Valuation

ian mcardle limited Estimated Valuation

ian mcardle limited Estimated Valuation

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