Mirc Company Limited

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mirc company limited Company Information

Live

MatureMicroDeclining

Company Number

03117184

Website

www.onida.com

Registered Address

5a parr road, stanmore, middlesex, HA7 1NP

Industry

Business and domestic software development

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Khaled Mardam-Bey28 Years

Shareholders

khaled mardam-bey 100%

mirc company limited Estimated Valuation

£476.5k

Pomanda estimates the enterprise value of MIRC COMPANY LIMITED at £476.5k based on Net Assets of £1.3m and 0.38x industry multiple (adjusted for liquidity).

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Mirc Company Limited is a live company located in middlesex, HA7 1NP with a Companies House number of 03117184. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 1995, it's largest shareholder is khaled mardam-bey with a 100% stake. Mirc Company Limited is a mature, micro sized company, Pomanda has estimated its turnover at £304.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Mirc Company Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £304.7k, make it smaller than the average company (£3.7m)

Growth

3 year (CAGR) sales growth of -47%, show it is growing at a slower rate (7.7%)

EXPORT

Mirc Company Limited's latest turnover from December 2022 is estimated at £304.7 thousand and the company has net assets of £1.3 million. According to their latest financial statements, Mirc Company Limited has 2 employees and maintains cash reserves of £545.9 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	304,722	4,390,374	4,100,116	1,993,356	3,573,604	2,793,329	34,315	56,674	52,856	71,009	14,575	17,528	22,034	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	87,079	1,167,109	1,109,714	521,969	949,621	754,322	9,402	14,797	14,032	19,825	3,965	4,575	5,494	0
Gross Profit	217,643	3,223,264	2,990,402	1,471,387	2,623,983	2,039,007	24,913	41,878	38,824	51,185	10,610	12,954	16,540	0
Admin Expenses	242,500	3,231,337	3,001,268	1,496,517	2,601,081	2,133,390	-13,086	-15,950	-48,376	-69,388	72,997	-219,179	-183,159	-1,216,954
Operating Profit	-24,857	-8,073	-10,866	-25,130	22,902	-94,383	37,999	57,828	87,200	120,573	-62,387	232,133	199,699	1,216,954
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	9,553	0	0	2,267	5,082	4,155	2,268	4,387	4,094	3,617	2,981	2,293	1,478	514
Pre-Tax Profit	-15,304	-8,073	-10,866	-22,863	27,984	-90,228	40,266	62,215	91,294	124,190	-59,406	234,426	201,178	1,217,468
Tax	0	0	0	0	-5,317	0	-8,053	-12,443	-19,172	-28,564	0	-60,951	-56,330	-340,891
Profit After Tax	-15,304	-8,073	-10,866	-22,863	22,667	-90,228	32,213	49,772	72,122	95,626	-59,406	173,475	144,848	876,577
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-15,304	-8,073	-10,866	-22,863	22,667	-90,228	32,213	49,772	72,122	95,626	-59,406	173,475	144,848	876,577
Employee Costs	135,129	126,288	120,456	123,528	2,021,007	1,587,480	56,644	54,336	54,624	53,671	52,290	51,820	51,211	0
Number Of Employees	2	2	2	2	33	27	1	1	1	1	1	1	1	0
EBITDA*	-19,521	-8,073	-10,866	-25,102	22,935	-94,383	38,057	57,901	87,291	120,687	-62,244	232,311	199,996	1,217,350

* 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	24,314	84	103	680,082	154	187	234	292	365	500,456	569	750,712	750,890	1,187
Intangible Assets	0	0	0	0	0	0	500,000	500,000	500,000	0	500,000	0	0	750,000
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	24,314	84	103	680,082	154	187	500,234	500,292	500,365	500,456	500,569	750,712	750,890	751,187
Stock & work in progress	739,957	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	1,333,542	1,329,355	647,143	743,268	572,114	0	0	0	0	0	123	442	1,154
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	545,863	0	0	0	604,515	750,755	911,077	902,990	851,913	785,544	661,127	531,250	385,754	205,609
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,285,820	1,333,542	1,329,355	647,143	1,347,783	1,322,869	911,077	902,990	851,913	785,544	661,127	531,373	386,196	206,763
total assets	1,310,134	1,333,626	1,329,458	1,327,225	1,347,937	1,323,056	1,411,311	1,403,282	1,352,278	1,286,000	1,161,696	1,282,085	1,137,086	957,950
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	41,316	49,604	37,363	24,264	22,013	19,799	17,826	31,855	30,623	36,467	7,789	68,772	97,248	67,331
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	0	0	0	0	0	0	0	0	18,313	18,313	18,313	18,313	18,313	13,942
total current liabilities	41,316	49,604	37,363	24,264	22,013	19,799	17,826	31,855	48,936	54,780	26,102	87,085	115,561	81,273
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	8,158	8,158	8,158	8,158	8,158	8,158	8,158	18,313	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	8,158	8,158	8,158	8,158	8,158	8,158	8,158	18,313	0	0	0	0	0	0
total liabilities	49,474	57,762	45,521	32,422	30,171	27,957	25,984	50,168	48,936	54,780	26,102	87,085	115,561	81,273
net assets	1,260,660	1,275,864	1,283,937	1,294,803	1,317,766	1,295,099	1,385,327	1,353,114	1,303,342	1,231,220	1,135,594	1,195,000	1,021,525	876,677
total shareholders funds	1,260,660	1,275,864	1,283,937	1,294,803	1,317,766	1,295,099	1,385,327	1,353,114	1,303,342	1,231,220	1,135,594	1,195,000	1,021,525	876,677

	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	-24,857	-8,073	-10,866	-25,130	22,902	-94,383	37,999	57,828	87,200	120,573	-62,387	232,133	199,699	1,216,954
Depreciation	5,336	0	0	28	33	0	58	73	91	114	143	178	297	396
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-5,317	0	-8,053	-12,443	-19,172	-28,564	0	-60,951	-56,330	-340,891
Stock	739,957	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,333,542	4,187	682,212	-96,125	171,154	572,114	0	0	0	0	-123	-319	-712	1,154
Creditors	-8,288	12,241	13,099	2,251	2,214	1,973	-14,029	1,232	-5,844	28,678	-60,983	-28,476	29,917	67,331
Accruals and Deferred Income	0	0	0	0	0	0	0	-18,313	0	0	0	0	4,371	13,942
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	565,776	-19	-679,979	73,274	-151,322	-664,524	15,975	28,377	62,275	120,801	-123,104	143,203	178,666	956,578
Investing Activities
capital expenditure	-29,566	19	679,979	-679,956	0	500,047	0	0	0	-1	250,000	0	0	-751,583
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-29,566	19	679,979	-679,956	0	500,047	0	0	0	-1	250,000	0	0	-751,583
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	-10,155	18,313	0	0	0	0	0	0
share issue	100	0	0	-100	0	0	0	0	0	0	0	0	0	100
interest	9,553	0	0	2,267	5,082	4,155	2,268	4,387	4,094	3,617	2,981	2,293	1,478	514
cash flow from financing	9,653	0	0	2,167	5,082	4,155	-7,887	22,700	4,094	3,617	2,981	2,293	1,478	614
cash and cash equivalents
cash	545,863	0	0	-604,515	-146,240	-160,322	8,087	51,077	66,369	124,417	129,877	145,496	180,145	205,609
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	545,863	0	0	-604,515	-146,240	-160,322	8,087	51,077	66,369	124,417	129,877	145,496	180,145	205,609

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIRC COMPANY LIMITED group structure

Mirc Company Limited has no subsidiary companies.

Ultimate parent company

MIRC COMPANY LIMITED

03117184

MIRC COMPANY LIMITED Shareholders

khaled mardam-bey

100%

Mirc Company Limited currently has 1 director, Mr Khaled Mardam-Bey serving since Nov 1995.

officer	country	age	start	end	role
Mr Khaled Mardam-Bey	England	56 years	Nov 1995	-	Director

P&L

December 2022

turnover

304.7k

-93%

operating profit

-24.9k

gross margin

71.5%

-2.71%

turnover

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

Balance Sheet

December 2022

net assets

1.3m

-0.01%

total assets

1.3m

-0.02%

cash

545.9k

net assets

Total assets minus all liabilities

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company number

03117184

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

October 1995

accounts

Total Exemption Full

ultimate parent company

None

previous names

inventions squared limited (February 1996)

trans-euro systems ltd (January 1996)

last accounts submitted

December 2022

address

5a parr road, stanmore, middlesex, HA7 1NP

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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mirc company limited Company Information

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mirc company limited Estimated Valuation

mirc company limited Estimated Valuation

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