cordeve limited
cordeve limited Company Information
Company Number
02186814
Next Accounts
Dec 2025
Shareholders
mr prakash patel
mrs smita patel
Group Structure
View All
Industry
Dispensing chemist in specialised stores
Registered Address
57 southover woodside park, london, N12 7JG
Website
cordevechemist.co.ukcordeve limited Estimated Valuation
Pomanda estimates the enterprise value of CORDEVE LIMITED at £2.9m based on a Turnover of £6.8m and 0.43x industry multiple (adjusted for size and gross margin).
cordeve limited Estimated Valuation
Pomanda estimates the enterprise value of CORDEVE LIMITED at £2.2m based on an EBITDA of £429.2k and a 5.1x industry multiple (adjusted for size and gross margin).
cordeve limited Estimated Valuation
Pomanda estimates the enterprise value of CORDEVE LIMITED at £14.1m based on Net Assets of £6.8m and 2.09x industry multiple (adjusted for liquidity).
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Cordeve Limited Overview
Cordeve Limited is a live company located in london, N12 7JG with a Companies House number of 02186814. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in November 1987, it's largest shareholder is mr prakash patel with a 51% stake. Cordeve Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.8m with healthy growth in recent years.
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Cordeve Limited Health Check
Pomanda's financial health check has awarded Cordeve Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
6 Regular
2 Weak
Size
annual sales of £6.8m, make it smaller than the average company (£12.6m)
£6.8m - Cordeve Limited
£12.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (7.6%)
9% - Cordeve Limited
7.6% - Industry AVG
Production
with a gross margin of 36.1%, this company has a comparable cost of product (31.3%)
36.1% - Cordeve Limited
31.3% - Industry AVG
Profitability
an operating margin of 4.7% make it more profitable than the average company (2.4%)
4.7% - Cordeve Limited
2.4% - Industry AVG
Employees
with 43 employees, this is below the industry average (62)
43 - Cordeve Limited
62 - Industry AVG
Pay Structure
on an average salary of £26.7k, the company has an equivalent pay structure (£26.7k)
- Cordeve Limited
£26.7k - Industry AVG
Efficiency
resulting in sales per employee of £159.1k, this is equally as efficient (£149.4k)
£159.1k - Cordeve Limited
£149.4k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is near the average (29 days)
31 days - Cordeve Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (64 days)
75 days - Cordeve Limited
64 days - Industry AVG
Stock Days
it holds stock equivalent to 36 days, this is in line with average (32 days)
36 days - Cordeve Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (13 weeks)
36 weeks - Cordeve Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.9%, this is a lower level of debt than the average (59.1%)
16.9% - Cordeve Limited
59.1% - Industry AVG
CORDEVE LIMITED financials
Cordeve Limited's latest turnover from March 2024 is £6.8 million and the company has net assets of £6.8 million. According to their latest financial statements, Cordeve Limited has 43 employees and maintains cash reserves of £912.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,839,645 | 6,441,391 | 5,783,708 | 5,278,192 | 5,300,557 | 5,045,358 | 5,181,031 | 5,464,211 | 5,476,897 | ||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 4,373,463 | 4,055,851 | 3,412,146 | 3,140,623 | 3,343,470 | 3,359,134 | 3,274,735 | 3,319,877 | 3,217,030 | ||||||
| Gross Profit | 2,466,182 | 2,385,540 | 2,371,562 | 2,137,569 | 1,957,087 | 1,686,224 | 1,906,296 | 2,144,334 | 2,259,867 | ||||||
| Admin Expenses | 2,143,098 | 2,198,097 | 1,629,698 | 1,400,232 | 1,478,803 | 1,506,735 | 1,461,342 | 1,543,504 | 1,581,015 | ||||||
| Operating Profit | 323,084 | 187,443 | 741,864 | 737,337 | 478,284 | 179,489 | 444,954 | 600,830 | 678,852 | ||||||
| Interest Payable | 559 | 15,422 | 8,226 | ||||||||||||
| Interest Receivable | 81,426 | 37,549 | 27,994 | 19,136 | 105,742 | 112,566 | 115,747 | 79,300 | 70,395 | ||||||
| Pre-Tax Profit | -517,221 | 261,194 | 1,513,568 | 894,599 | 586,065 | 317,229 | 588,507 | 1,043,296 | 742,704 | ||||||
| Tax | 16,148 | -68,797 | -291,959 | -175,016 | -111,296 | -59,969 | -106,477 | -206,255 | -159,278 | ||||||
| Profit After Tax | -501,073 | 192,397 | 1,221,609 | 719,583 | 474,769 | 257,260 | 482,030 | 837,041 | 583,426 | ||||||
| Dividends Paid | 10,000 | 10,000 | 10,000 | 184,000 | |||||||||||
| Retained Profit | -501,073 | 182,397 | 1,221,609 | 709,583 | 464,769 | 257,260 | 482,030 | 837,041 | 399,426 | ||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 43 | 38 | 38 | 37 | 38 | 38 | 37 | 39 | 43 | ||||||
| EBITDA* | 429,181 | 316,024 | 842,060 | 770,780 | 499,545 | 195,934 | 463,227 | 620,422 | 699,857 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,278,786 | 1,384,883 | 1,713,464 | 1,295,261 | 1,009,743 | 148,007 | 164,452 | 176,333 | 189,050 | 166,592 | 143,312 | 266,755 | 537,423 | 519,873 | 527,415 |
| Intangible Assets | 41,230 | 47,120 | 53,010 | 236,320 | |||||||||||
| Investments & Other | 1,441,603 | 1,243,456 | 1,040,251 | 1,205,944 | 1,269,055 | 1,184,877 | 1,189,525 | 1,205,061 | 1,922,439 | 1,649,961 | 1,863,164 | 1,969,370 | 927,570 | 902,270 | 378,006 |
| Debtors (Due After 1 year) | 175,675 | 110,000 | |||||||||||||
| Total Fixed Assets | 2,720,389 | 2,628,339 | 2,753,715 | 2,501,205 | 2,278,798 | 1,332,884 | 1,353,977 | 1,381,394 | 2,111,489 | 1,992,228 | 2,116,476 | 2,277,355 | 1,512,113 | 1,475,153 | 1,141,741 |
| Stock & work in progress | 435,021 | 405,866 | 403,994 | 336,637 | 367,861 | 334,938 | 267,451 | 206,634 | 204,501 | 199,270 | 203,928 | 193,060 | 182,007 | 190,669 | 187,625 |
| Trade Debtors | 586,616 | 543,331 | 611,472 | 410,424 | 411,773 | 397,955 | 391,728 | 501,610 | 442,005 | 585,363 | 1,011,477 | 607,310 | 527,067 | 651,716 | 582,164 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 3,493,671 | 3,783,855 | 1,796,391 | 1,608,429 | 996,021 | 2,363,765 | 2,604,861 | 2,512,240 | 929,597 | ||||||
| Cash | 912,605 | 1,050,146 | 2,868,029 | 2,019,305 | 2,124,532 | 1,151,531 | 605,356 | 431,890 | 576,269 | 803,530 | 185,182 | 551,592 | 491,345 | 30,894 | 142,351 |
| misc current assets | |||||||||||||||
| total current assets | 5,427,913 | 5,783,198 | 5,679,886 | 4,374,795 | 3,900,187 | 4,248,189 | 3,869,396 | 3,652,374 | 2,152,372 | 1,588,163 | 1,400,587 | 1,351,962 | 1,200,419 | 873,279 | 912,140 |
| total assets | 8,148,302 | 8,411,537 | 8,433,601 | 6,876,000 | 6,178,985 | 5,581,073 | 5,223,373 | 5,033,768 | 4,263,861 | 3,580,391 | 3,517,063 | 3,629,317 | 2,712,532 | 2,348,432 | 2,053,881 |
| Bank overdraft | 379,333 | 94,530 | 248,915 | 124,000 | |||||||||||
| Bank loan | 238,948 | ||||||||||||||
| Trade Creditors | 901,931 | 734,672 | 737,138 | 674,998 | 823,463 | 635,915 | 523,344 | 634,125 | 542,806 | 832,479 | 761,996 | 825,045 | 807,947 | 578,903 | 653,320 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 118,000 | 54,333 | 122,100 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 293,178 | 324,451 | 497,279 | 269,207 | 133,625 | 220,946 | 230,115 | 350,699 | 207,866 | ||||||
| total current liabilities | 1,313,109 | 1,059,123 | 1,234,417 | 944,205 | 957,088 | 856,861 | 753,459 | 1,039,157 | 1,111,720 | 832,479 | 761,996 | 1,204,378 | 902,477 | 827,818 | 777,320 |
| loans | 140,000 | 435,049 | 319,629 | 485,868 | 614,161 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 250,000 | ||||||||||||||
| provisions | 65,832 | 81,980 | 111,147 | 65,367 | 65,052 | 32,136 | 35,098 | 41,825 | 36,396 | 31,593 | 30,542 | 32,142 | 31,828 | 26,289 | 26,407 |
| total long term liabilities | 65,832 | 81,980 | 111,147 | 65,367 | 65,052 | 32,136 | 35,098 | 41,825 | 36,396 | 31,593 | 420,542 | 467,191 | 351,457 | 512,157 | 640,568 |
| total liabilities | 1,378,941 | 1,141,103 | 1,345,564 | 1,009,572 | 1,022,140 | 888,997 | 788,557 | 1,080,982 | 1,148,116 | 864,072 | 1,182,538 | 1,671,569 | 1,253,934 | 1,339,975 | 1,417,888 |
| net assets | 6,769,361 | 7,270,434 | 7,088,037 | 5,866,428 | 5,156,845 | 4,692,076 | 4,434,816 | 3,952,786 | 3,115,745 | 2,716,319 | 2,334,525 | 1,957,748 | 1,458,598 | 1,008,457 | 635,993 |
| total shareholders funds | 6,769,361 | 7,270,434 | 7,088,037 | 5,866,428 | 5,156,845 | 4,692,076 | 4,434,816 | 3,952,786 | 3,115,745 | 2,716,319 | 2,334,525 | 1,957,748 | 1,458,598 | 1,008,457 | 635,993 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 323,084 | 187,443 | 741,864 | 737,337 | 478,284 | 179,489 | 444,954 | 600,830 | 678,852 | ||||||
| Depreciation | 106,097 | 128,581 | 100,196 | 33,443 | 21,261 | 16,445 | 18,273 | 19,592 | 21,005 | 18,315 | 15,923 | 16,306 | 15,269 | 13,320 | 14,157 |
| Amortisation | 41,230 | 5,890 | 5,890 | 183,310 | 183,310 | ||||||||||
| Tax | 16,148 | -68,797 | -291,959 | -175,016 | -111,296 | -59,969 | -106,477 | -206,255 | -159,278 | ||||||
| Stock | 29,155 | 1,872 | 67,357 | -31,224 | 32,923 | 67,487 | 60,817 | 2,133 | 5,231 | -4,658 | 10,868 | 11,053 | -8,662 | 3,044 | 187,625 |
| Debtors | -246,899 | 1,919,323 | 389,010 | 611,059 | -1,353,926 | -234,869 | -17,261 | 1,642,248 | 610,564 | -360,439 | 514,167 | 80,243 | -124,649 | 69,552 | 582,164 |
| Creditors | 167,259 | -2,466 | 62,140 | -148,465 | 187,548 | 112,571 | -110,781 | 91,319 | -289,673 | 70,483 | -63,049 | 17,098 | 229,044 | -74,417 | 653,320 |
| Accruals and Deferred Income | -31,273 | -172,828 | 228,072 | 135,582 | -87,321 | -9,169 | -120,584 | 142,833 | 207,866 | ||||||
| Deferred Taxes & Provisions | -16,148 | -29,167 | 45,780 | 315 | 32,916 | -2,962 | -6,727 | 5,429 | 4,803 | 1,051 | -1,600 | 314 | 5,539 | -118 | 26,407 |
| Cash flow from operations | 782,911 | -1,878,429 | 429,726 | 3,361 | 1,842,395 | 403,787 | 75,102 | -990,633 | -152,220 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 198,147 | 203,205 | -165,693 | -63,111 | 84,178 | -4,648 | -15,536 | -717,378 | 272,478 | -213,203 | -106,206 | 1,041,800 | 25,300 | 524,264 | 378,006 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -238,948 | 238,948 | |||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | 118,000 | -54,333 | -67,767 | 122,100 | |||||||||||
| Long term loans | -140,000 | -295,049 | 115,420 | -166,239 | -128,293 | 614,161 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -250,000 | 250,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | 80,867 | 37,549 | 27,994 | 19,136 | 105,742 | 112,566 | 115,747 | 63,878 | 62,169 | ||||||
| cash flow from financing | 198,867 | 37,549 | 27,994 | 19,136 | 105,742 | 112,566 | 61,414 | -242,837 | 423,217 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | -137,541 | -1,817,883 | 848,724 | -105,227 | 973,001 | 546,175 | 173,466 | -144,379 | -227,261 | 618,348 | -366,410 | 60,247 | 460,451 | -111,457 | 142,351 |
| overdraft | -379,333 | 284,803 | -154,385 | 124,915 | 124,000 | ||||||||||
| change in cash | -137,541 | -1,817,883 | 848,724 | -105,227 | 973,001 | 546,175 | 173,466 | -144,379 | -227,261 | 618,348 | 12,923 | -224,556 | 614,836 | -236,372 | 18,351 |
cordeve limited Credit Report and Business Information
Cordeve Limited Competitor Analysis
Perform a competitor analysis for cordeve limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in N12 area or any other competitors across 12 key performance metrics.
cordeve limited Ownership
CORDEVE LIMITED group structure
Cordeve Limited has no subsidiary companies.
Ultimate parent company
CORDEVE LIMITED
02186814
cordeve limited directors
Cordeve Limited currently has 2 directors. The longest serving directors include Mrs Smita Patel (Dec 1991) and Mr Prakash Patel (Dec 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Smita Patel | United Kingdom | 64 years | Dec 1991 | - | Director |
| Mr Prakash Patel | 65 years | Dec 1991 | - | Director |
P&L
March 2024turnover
6.8m
+6%
operating profit
323.1k
+72%
gross margin
36.1%
-2.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
6.8m
-0.07%
total assets
8.1m
-0.03%
cash
912.6k
-0.13%
net assets
Total assets minus all liabilities
Similar Companies
cordeve limited company details
company number
02186814
Type
Private limited with Share Capital
industry
47730 - Dispensing chemist in specialised stores
incorporation date
November 1987
age
38
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
57 southover woodside park, london, N12 7JG
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
cordeve 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 10 charges/mortgages relating to cordeve limited. Currently there are 0 open charges and 10 have been satisfied in the past.
cordeve 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.
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cordeve limited Companies House Filings - See Documents
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