Monarch Chemists Limited

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monarch chemists limited Company Information

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Company Number

01849131

Website

www.monarch-pharmacy.co.uk

Registered Address

318 radford road, coventry, CV6 3AA

Industry

Dispensing chemist in specialised stores

Telephone

02476674826

Next Accounts Due

July 2025

Group Structure

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Directors

Ashwin Kanabar33 Years

Sandhya Kanabar31 Years

View All

Shareholders

sandhya kanabar 50%

mr ashwin kanabar 50%

monarch chemists limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of MONARCH CHEMISTS LIMITED at £2.4m based on Net Assets of £1m and 2.3x industry multiple (adjusted for liquidity).

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Monarch Chemists Limited is a live company located in coventry, CV6 3AA with a Companies House number of 01849131. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in September 1984, it's largest shareholder is sandhya kanabar with a 50% stake. Monarch Chemists Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Monarch Chemists Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.8%)

EXPORT

Monarch Chemists Limited's latest turnover from October 2023 is estimated at £2.9 million and the company has net assets of £1 million. According to their latest financial statements, Monarch Chemists Limited has 26 employees and maintains cash reserves of £294.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	2,881,204	2,674,825	2,248,497	2,046,514	1,832,453	1,678,884	1,677,909	1,755,713	1,993,804	2,141,285	1,972,573	1,722,627	1,810,354	1,880,568	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,013,246	1,800,657	1,533,617	1,434,960	1,300,880	1,167,008	1,159,871	1,192,754	1,395,864	1,489,583	1,358,814	1,205,953	1,275,347	1,314,059	0
Gross Profit	867,958	874,168	714,881	611,553	531,572	511,876	518,038	562,959	597,940	651,702	613,759	516,674	535,007	566,509	0
Admin Expenses	637,821	571,953	1,678,974	486,551	606,086	449,790	387,546	468,656	375,021	451,721	328,244	275,746	672,351	480,660	-871,543
Operating Profit	230,137	302,215	-964,093	125,002	-74,514	62,086	130,492	94,303	222,919	199,981	285,515	240,928	-137,344	85,849	871,543
Interest Payable	413	0	0	698	772	0	0	0	0	0	0	0	0	0	0
Interest Receivable	19,160	9,213	295	122	2,933	6,803	2,634	2,621	4,507	3,435	2,469	1,521	1,356	1,479	656
Pre-Tax Profit	248,883	311,427	-963,798	124,426	-72,353	68,889	133,126	96,924	227,426	203,416	287,984	242,449	-135,988	87,328	872,199
Tax	-62,221	-59,171	0	-23,641	0	-13,089	-25,294	-19,385	-45,485	-42,717	-66,236	-58,188	0	-24,452	-244,216
Profit After Tax	186,662	252,256	-963,798	100,785	-72,353	55,800	107,832	77,539	181,941	160,699	221,748	184,261	-135,988	62,876	627,983
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	186,662	252,256	-963,798	100,785	-72,353	55,800	107,832	77,539	181,941	160,699	221,748	184,261	-135,988	62,876	627,983
Employee Costs	596,242	543,334	525,965	482,611	445,800	423,730	447,867	281,394	310,830	329,753	285,977	235,691	235,130	251,678	0
Number Of Employees	26	25	26	25	24	23	25	16	18	19	17	14	14	15	0
EBITDA*	248,455	323,728	-938,571	154,774	-39,315	93,549	167,232	132,828	258,785	241,499	332,953	283,869	-88,301	136,932	924,791

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	103,219	121,537	140,752	155,921	179,779	177,652	203,876	208,683	190,990	218,937	252,001	228,412	258,020	282,538	292,496
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	103,219	121,537	140,752	155,921	179,779	177,652	203,876	208,683	190,990	218,937	252,001	228,412	258,020	282,538	292,496
Stock & work in progress	235,395	216,426	173,440	158,936	144,089	112,431	125,850	120,713	131,990	122,593	122,739	111,998	133,101	111,384	110,221
Trade Debtors	340,284	313,502	240,754	250,498	226,450	209,428	173,840	269,352	279,008	306,919	319,005	297,698	302,715	307,081	353,211
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	412,640	56,384	55,145	1,243,707	1,248,952	470,618	230,252	0	0	0	0	0	0	0	0
Cash	294,173	472,208	346,689	243,481	361	781,813	1,032,252	1,075,288	1,021,455	781,289	592,722	395,047	213,354	329,193	262,437
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,282,492	1,058,520	816,028	1,896,622	1,619,852	1,574,290	1,562,194	1,465,353	1,432,453	1,210,801	1,034,466	804,743	649,170	747,658	725,869
total assets	1,385,711	1,180,057	956,780	2,052,543	1,799,631	1,751,942	1,766,070	1,674,036	1,623,443	1,429,738	1,286,467	1,033,155	907,190	1,030,196	1,018,365
Bank overdraft	7,518	0	0	0	22,882	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	0
Trade Creditors	226,474	226,230	219,981	206,422	268,279	133,810	237,490	292,877	319,823	308,059	325,487	293,923	352,219	338,902	389,848
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	335	434
other short term finances	0	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	0
other current liabilities	88,321	78,576	106,976	256,490	17,449	52,318	39,589	0	0	0	0	0	0	0	0
total current liabilities	322,313	304,806	326,957	462,912	308,610	186,128	277,079	292,877	319,823	308,059	325,487	293,923	352,219	339,237	390,282
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	15,055	13,570	20,398	16,408	18,583	21,023	0	0	0	0	0	0	0	0	0
total long term liabilities	15,055	13,570	20,398	16,408	18,583	21,023	0	0	0	0	0	0	0	0	0
total liabilities	337,368	318,376	347,355	479,320	327,193	207,151	277,079	292,877	319,823	308,059	325,487	293,923	352,219	339,237	390,282
net assets	1,048,343	861,681	609,425	1,573,223	1,472,438	1,544,791	1,488,991	1,381,159	1,303,620	1,121,679	960,980	739,232	554,971	690,959	628,083
total shareholders funds	1,048,343	861,681	609,425	1,573,223	1,472,438	1,544,791	1,488,991	1,381,159	1,303,620	1,121,679	960,980	739,232	554,971	690,959	628,083

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	230,137	302,215	-964,093	125,002	-74,514	62,086	130,492	94,303	222,919	199,981	285,515	240,928	-137,344	85,849	871,543
Depreciation	18,318	21,513	25,522	29,772	35,199	31,463	36,740	38,525	35,866	41,518	47,438	42,941	49,043	51,083	53,248
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-62,221	-59,171	0	-23,641	0	-13,089	-25,294	-19,385	-45,485	-42,717	-66,236	-58,188	0	-24,452	-244,216
Stock	18,969	42,986	14,504	14,847	31,658	-13,419	5,137	-11,277	9,397	-146	10,741	-21,103	21,717	1,163	110,221
Debtors	383,038	73,987	-1,198,306	18,803	795,356	275,954	134,740	-9,656	-27,911	-12,086	21,307	-5,017	-4,366	-46,130	353,211
Creditors	244	6,249	13,559	-61,857	134,469	-103,680	-55,387	-26,946	11,764	-17,428	31,564	-58,296	13,317	-50,946	389,848
Accruals and Deferred Income	9,745	-28,400	-149,514	239,041	-34,869	12,729	39,589	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	1,485	-6,828	3,990	-2,175	-2,440	21,023	0	0	0	0	0	0	0	0	0
Cash flow from operations	-204,299	118,605	113,266	272,492	-769,169	-252,003	-13,737	107,430	243,578	193,586	266,233	193,505	-92,335	106,501	606,991
Investing Activities
capital expenditure	0	-2,298	-10,353	-5,914	-37,326	-5,239	-31,933	-56,218	-7,919	-8,454	-71,027	-13,333	-24,525	-41,125	-345,744
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-2,298	-10,353	-5,914	-37,326	-5,239	-31,933	-56,218	-7,919	-8,454	-71,027	-13,333	-24,525	-41,125	-345,744
Financing Activities
Bank loans	0	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	-335	-99	434
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	18,747	9,213	295	-576	2,161	6,803	2,634	2,621	4,507	3,435	2,469	1,521	1,356	1,479	656
cash flow from financing	18,747	9,213	295	-576	2,161	6,803	2,634	2,621	4,507	3,435	2,469	1,521	1,021	1,380	1,190
cash and cash equivalents
cash	-178,035	125,519	103,208	243,120	-781,452	-250,439	-43,036	53,833	240,166	188,567	197,675	181,693	-115,839	66,756	262,437
overdraft	7,518	0	0	-22,882	22,882	0	0	0	0	0	0	0	0	0	0
change in cash	-185,553	125,519	103,208	266,002	-804,334	-250,439	-43,036	53,833	240,166	188,567	197,675	181,693	-115,839	66,756	262,437

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MONARCH CHEMISTS LIMITED group structure

Monarch Chemists Limited has no subsidiary companies.

Ultimate parent company

MONARCH CHEMISTS LIMITED

01849131

MONARCH CHEMISTS LIMITED Shareholders

sandhya kanabar	50%
mr ashwin kanabar	50%

Monarch Chemists Limited currently has 3 directors. The longest serving directors include Mr Ashwin Kanabar (Jun 1991) and Mrs Sandhya Kanabar (Apr 1993).

officer	age	start	end	role
Mr Ashwin Kanabar	68 years	Jun 1991	-	Director
Mrs Sandhya Kanabar	67 years	Apr 1993	-	Director
Mr Raj Kanabar	29 years	Sep 2018	-	Director

P&L

October 2023

turnover

2.9m

+8%

operating profit

230.1k

gross margin

30.2%

-7.82%

turnover

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

Balance Sheet

October 2023

net assets

+0.22%

total assets

1.4m

+0.17%

cash

294.2k

-0.38%

net assets

Total assets minus all liabilities

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company number

01849131

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

September 1984

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

318 radford road, coventry, CV6 3AA

last accounts submitted

October 2023

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 6 charges/mortgages relating to monarch chemists limited. Currently there are 4 open charges and 2 have been satisfied in the past.

monarch chemists limited Company Information

monarch chemists limited Estimated Valuation

monarch chemists limited Estimated Valuation

monarch chemists limited Estimated Valuation

Monarch Chemists Limited Overview

Monarch Chemists Limited Health Check

MONARCH CHEMISTS LIMITED financials

monarch chemists limited Credit Report and Business Information

Monarch Chemists Limited Competitor Analysis

monarch chemists limited Ownership

monarch chemists limited directors

monarch chemists limited company details

monarch chemists limited Charges & Mortgages

monarch chemists limited Companies House Filings - See Documents