Manjits Limited

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manjits limited Company Information

Live

MatureSmallHealthy

Company Number

01703516

Website

www.manjitsltd.com

Registered Address

308 alcester road, moseley, birmingham, B13 8LJ

Industry

Wholesale of wood, construction materials and sanitary equipment

Telephone

01214495759

Next Accounts Due

September 2024

Group Structure

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Directors

Manjit Singh41 Years

Avtar Singh32 Years

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Shareholders

tarjeet singh virdee 16.7%

manraj singh virdee 16.7%

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manjits limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of MANJITS LIMITED at £2.9m based on Net Assets of £1.7m and 1.74x industry multiple (adjusted for liquidity).

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Manjits Limited is a live company located in birmingham, B13 8LJ with a Companies House number of 01703516. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in March 1983, it's largest shareholder is tarjeet singh virdee with a 16.7% stake. Manjits Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Manjits Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £3.6m, make it smaller than the average company (£18.8m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.1%)

EXPORT

Manjits Limited's latest turnover from December 2022 is estimated at £3.6 million and the company has net assets of £1.7 million. According to their latest financial statements, Manjits Limited has 12 employees and maintains cash reserves of £439.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	3,560,680	3,265,633	2,880,258	2,838,085	3,151,161	2,957,239	2,988,695	2,913,890	2,772,131	2,539,989	2,360,780	2,578,098	2,530,095	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,678,840	2,417,291	2,142,997	2,125,062	2,388,630	2,211,766	2,226,003	2,160,504	2,040,812	1,855,343	1,735,153	1,912,706	1,873,113	0
Gross Profit	881,841	848,343	737,260	713,024	762,531	745,474	762,692	753,387	731,318	684,645	625,627	665,392	656,982	0
Admin Expenses	877,612	810,167	756,171	706,120	767,647	750,011	631,925	692,102	623,609	668,340	610,112	583,494	637,467	-1,763,181
Operating Profit	4,229	38,176	-18,911	6,904	-5,116	-4,537	130,767	61,285	107,709	16,305	15,515	81,898	19,515	1,763,181
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	17,558	1,459	625	3,854	2,979	2,301	1,136	1,945	1,795	2,213	2,279	1,632	1,579	867
Pre-Tax Profit	21,786	39,635	-18,286	10,758	-2,137	-2,236	131,903	63,230	109,504	18,518	17,795	83,530	21,094	1,764,047
Tax	-4,139	-7,531	0	-2,044	0	0	-26,380	-12,646	-22,996	-4,259	-4,271	-21,718	-5,906	-493,933
Profit After Tax	17,647	32,104	-18,286	8,714	-2,137	-2,236	105,522	50,584	86,508	14,259	13,524	61,812	15,188	1,270,114
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	17,647	32,104	-18,286	8,714	-2,137	-2,236	105,522	50,584	86,508	14,259	13,524	61,812	15,188	1,270,114
Employee Costs	486,719	554,761	552,691	534,586	490,009	482,488	476,513	469,179	349,852	315,581	311,212	308,133	327,262	0
Number Of Employees	12	14	15	15	14	14	14	14	11	10	10	10	11	0
EBITDA*	27,081	46,008	-11,079	24,762	8,249	12,756	139,688	65,898	113,186	25,473	23,350	91,854	26,892	1,774,632

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	66,637	14,489	22,321	30,153	48,011	61,842	34,443	23,462	28,075	41,404	36,072	44,016	38,966	53,037
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	66,637	14,489	22,321	30,153	48,011	61,842	34,443	23,462	28,075	41,404	36,072	44,016	38,966	53,037
Stock & work in progress	940,706	876,288	753,900	757,423	815,953	829,695	697,827	745,082	721,098	692,130	654,477	628,065	631,021	620,461
Trade Debtors	493,332	494,990	448,775	393,367	544,866	473,555	575,213	524,963	551,712	507,919	404,600	512,457	517,700	565,996
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,951	15,010	20,896	14,762	18,053	24,038	15,466	13,757	0	0	0	0	0	0
Cash	439,624	563,682	603,216	646,251	381,428	412,946	507,533	401,073	376,801	341,226	544,020	367,758	285,058	346,638
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,891,613	1,949,970	1,826,787	1,811,803	1,760,300	1,740,234	1,796,039	1,684,875	1,649,611	1,541,275	1,603,097	1,508,280	1,433,779	1,533,095
total assets	1,958,250	1,964,459	1,849,108	1,841,956	1,808,311	1,802,076	1,830,482	1,708,337	1,677,686	1,582,679	1,639,169	1,552,296	1,472,745	1,586,132
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	184,529	208,785	99,191	156,350	128,727	120,645	109,525	122,072	210,781	200,382	272,731	198,282	182,143	311,318
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	104,743	114,251	139,110	55,025	54,443	51,406	95,946	69,276	0	0	0	0	0	0
total current liabilities	289,272	323,036	238,301	211,375	183,170	172,051	205,471	191,348	210,781	200,382	272,731	198,282	182,143	311,318
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	12,661	2,753	4,241	5,729	9,003	11,750	4,500	2,000	2,500	4,400	2,800	3,900	2,300	1,700
total long term liabilities	12,661	2,753	4,241	5,729	9,003	11,750	4,500	2,000	2,500	4,400	2,800	3,900	2,300	1,700
total liabilities	301,933	325,789	242,542	217,104	192,173	183,801	209,971	193,348	213,281	204,782	275,531	202,182	184,443	313,018
net assets	1,656,317	1,638,670	1,606,566	1,624,852	1,616,138	1,618,275	1,620,511	1,514,989	1,464,405	1,377,897	1,363,638	1,350,114	1,288,302	1,273,114
total shareholders funds	1,656,317	1,638,670	1,606,566	1,624,852	1,616,138	1,618,275	1,620,511	1,514,989	1,464,405	1,377,897	1,363,638	1,350,114	1,288,302	1,273,114

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	4,229	38,176	-18,911	6,904	-5,116	-4,537	130,767	61,285	107,709	16,305	15,515	81,898	19,515	1,763,181
Depreciation	22,852	7,832	7,832	17,858	13,365	17,293	8,921	4,613	5,477	9,168	7,835	9,956	7,377	11,451
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,139	-7,531	0	-2,044	0	0	-26,380	-12,646	-22,996	-4,259	-4,271	-21,718	-5,906	-493,933
Stock	64,418	122,388	-3,523	-58,530	-13,742	131,868	-47,255	23,984	28,968	37,653	26,412	-2,956	10,560	620,461
Debtors	1,283	40,329	61,542	-154,790	65,326	-93,086	51,959	-12,992	43,793	103,319	-107,857	-5,243	-48,296	565,996
Creditors	-24,256	109,594	-57,159	27,623	8,082	11,120	-12,547	-88,709	10,399	-72,349	74,449	16,139	-129,175	311,318
Accruals and Deferred Income	-9,508	-24,859	84,085	582	3,037	-44,540	26,670	69,276	0	0	0	0	0	0
Deferred Taxes & Provisions	9,908	-1,488	-1,488	-3,274	-2,747	7,250	2,500	-500	-1,900	1,600	-1,100	1,600	600	1,700
Cash flow from operations	-66,615	-40,993	-43,660	260,969	-34,963	-52,196	125,227	22,327	25,928	-190,507	173,873	96,074	-69,853	407,260
Investing Activities
capital expenditure	-75,000	0	0	0	466	-44,692	-19,902	0	7,852	-14,500	109	-15,006	6,694	-64,488
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-75,000	0	0	0	466	-44,692	-19,902	0	7,852	-14,500	109	-15,006	6,694	-64,488
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	3,000
interest	17,558	1,459	625	3,854	2,979	2,301	1,136	1,945	1,795	2,213	2,279	1,632	1,579	867
cash flow from financing	17,558	1,459	625	3,854	2,979	2,301	1,136	1,945	1,795	2,213	2,279	1,632	1,579	3,867
cash and cash equivalents
cash	-124,058	-39,534	-43,035	264,823	-31,518	-94,587	106,460	24,272	35,575	-202,794	176,262	82,700	-61,580	346,638
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-124,058	-39,534	-43,035	264,823	-31,518	-94,587	106,460	24,272	35,575	-202,794	176,262	82,700	-61,580	346,638

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MANJITS LIMITED group structure

Manjits Limited has no subsidiary companies.

Ultimate parent company

MANJITS LIMITED

01703516

MANJITS LIMITED Shareholders

tarjeet singh virdee	16.67%
manraj singh virdee	16.67%
amritpal singh virdee	16.67%
ajitpal singh virdee	16.67%
charandeep singh virdee	16.67%
gurvinder kaur virdee	16.67%

Manjits Limited currently has 3 directors. The longest serving directors include Manjit Singh (Mar 1983) and Avtar Singh (Aug 1991).

officer	country	age	start	end	role
Manjit Singh		64 years	Mar 1983	-	Director
Avtar Singh		66 years	Aug 1991	-	Director
Mr Sundeep Singh	England	52 years	Apr 2021	-	Director

P&L

December 2022

turnover

3.6m

+9%

operating profit

4.2k

gross margin

24.8%

-4.66%

turnover

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

Balance Sheet

December 2022

net assets

1.7m

+0.01%

total assets

cash

439.6k

-0.22%

net assets

Total assets minus all liabilities

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company number

01703516

Type

Private limited with Share Capital

industry

46730 - Wholesale of wood, construction materials and sanitary equipment

incorporation date

March 1983

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

308 alcester road, moseley, birmingham, B13 8LJ

last accounts submitted

December 2022

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.

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manjits limited Company Information

manjits limited Estimated Valuation

manjits limited Estimated Valuation

manjits limited Estimated Valuation

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