Mandip Limited

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mandip limited Company Information

Company Number

03768975

Next Accounts

Jun 2025

Directors

Manish Solanki

Dipa Solanki

Shareholders

dipa manish solanki

manish solanki

Group Structure

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Industry

Dispensing chemist in specialised stores

Registered Address

84 bridgwater drive, westcliff, southend-onsea, essex, SS0 0DH

Website

mandip limited Estimated Valuation

£622.1k

Pomanda estimates the enterprise value of MANDIP LIMITED at £622.1k based on an EBITDA of £160.4k and a 3.88x industry multiple (adjusted for size and gross margin).

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Mandip Limited is a live company located in essex, SS0 0DH with a Companies House number of 03768975. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in May 1999, it's largest shareholder is dipa manish solanki with a 50% stake. Mandip Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mandip Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

3 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (7.5%)

EXPORT

Mandip Limited's latest turnover from September 2023 is estimated at £1.6 million and the company has net assets of £268.4 thousand. According to their latest financial statements, Mandip Limited has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,601,287	1,555,281	1,259,359	1,096,830	814,842	773,384	784,652	383,262	470,329	469,234	421,613	431,156	335,643	452,441	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,175,696	1,111,170	905,429	821,828	599,179	560,640	564,006	272,909	345,472	341,267	303,182	316,454	248,010	336,273	0
Gross Profit	425,591	444,111	353,929	275,002	215,663	212,744	220,645	110,353	124,858	127,967	118,431	114,702	87,633	116,168	0
Admin Expenses	265,224	417,746	276,094	296,433	207,031	192,872	192,677	106,533	131,896	156,497	128,518	116,043	91,642	140,148	-153,045
Operating Profit	160,367	26,365	77,835	-21,431	8,632	19,872	27,968	3,820	-7,038	-28,530	-10,087	-1,341	-4,009	-23,980	153,045
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	104	112	24	67	125	210	235	202	112
Pre-Tax Profit	160,367	26,365	77,835	-21,431	8,632	19,872	28,072	3,933	-7,014	-28,463	-9,962	-1,131	-3,774	-23,778	153,157
Tax	-40,092	-5,009	-14,789	0	-1,640	-3,776	-5,334	-786	0	0	0	0	0	0	-42,884
Profit After Tax	120,275	21,356	63,046	-21,431	6,992	16,096	22,738	3,146	-7,014	-28,463	-9,962	-1,131	-3,774	-23,778	110,273
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	120,275	21,356	63,046	-21,431	6,992	16,096	22,738	3,146	-7,014	-28,463	-9,962	-1,131	-3,774	-23,778	110,273
Employee Costs	232,187	193,748	136,199	148,795	153,971	142,095	112,779	52,901	69,039	69,721	50,236	50,557	50,754	50,351	0
Number Of Employees	9	8	6	7	7	7	6	3	4	4	3	3	3	3	0
EBITDA*	160,367	26,365	77,835	-21,431	8,632	19,872	27,968	5,136	-5,598	-26,958	-8,426	868	-1,477	-21,448	157,037

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	110,689	5,019	6,586	5,236	6,545	7,854	9,163	1	8	139	402	229	1,129	2,352	2,689
Intangible Assets	0	0	0	0	0	0	0	10,471	11,780	13,089	14,398	15,707	17,016	18,325	19,634
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	110,689	5,019	6,586	5,236	6,545	7,854	9,163	10,472	11,788	13,228	14,800	15,936	18,145	20,677	22,323
Stock & work in progress	0	0	0	0	0	0	0	33,131	30,088	36,068	35,719	32,340	31,823	31,686	34,879
Trade Debtors	305,033	330,657	335,425	274,439	189,103	170,149	195,459	67,952	101,031	98,889	92,289	101,606	69,465	105,531	100,489
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	80,161	1,464	1,860	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	82,939	6,993	2,470	24,278	25,853	58,152	35,833	44,870
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	385,194	332,121	337,285	274,439	189,103	170,149	195,459	184,022	138,112	137,427	152,286	159,799	159,440	173,050	180,238
total assets	495,883	337,140	343,871	279,675	195,648	178,003	204,622	194,494	149,900	150,655	167,086	175,735	177,585	193,727	202,561
Bank overdraft	0	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	0
Trade Creditors	226,629	188,281	215,933	213,783	108,525	97,872	140,587	155,195	113,747	107,488	95,456	94,015	94,734	107,230	92,286
Group/Directors Accounts	0	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	0
hp & lease commitments	0	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	0	0	0	0	0	0	0
total current liabilities	226,629	188,281	215,933	213,783	108,525	97,872	140,587	155,195	113,747	107,488	95,456	94,015	94,734	107,230	92,286
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	885	765	1,200	2,200	2,000	2,000	2,000	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	0	0	0	0	0	0	0	0	0	0	0	128	128	0	0
total long term liabilities	885	765	1,200	2,200	2,000	2,000	2,000	0	0	0	0	128	128	0	0
total liabilities	227,514	189,046	217,133	215,983	110,525	99,872	142,587	155,195	113,747	107,488	95,456	94,143	94,862	107,230	92,286
net assets	268,369	148,094	126,738	63,692	85,123	78,131	62,035	39,299	36,153	43,167	71,630	81,592	82,723	86,497	110,275
total shareholders funds	268,369	148,094	126,738	63,692	85,123	78,131	62,035	39,299	36,153	43,167	71,630	81,592	82,723	86,497	110,275

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	160,367	26,365	77,835	-21,431	8,632	19,872	27,968	3,820	-7,038	-28,530	-10,087	-1,341	-4,009	-23,980	153,045
Depreciation	0	0	0	0	0	0	0	7	131	263	352	900	1,223	1,223	2,683
Amortisation	0	0	0	0	0	0	0	1,309	1,309	1,309	1,309	1,309	1,309	1,309	1,309
Tax	-40,092	-5,009	-14,789	0	-1,640	-3,776	-5,334	-786	0	0	0	0	0	0	-42,884
Stock	0	0	0	0	0	0	-33,131	3,043	-5,980	349	3,379	517	137	-3,193	34,879
Debtors	53,073	-5,164	62,846	85,336	18,954	-25,310	127,507	-33,079	2,142	6,600	-9,317	32,141	-36,066	5,042	100,489
Creditors	38,348	-27,652	2,150	105,258	10,653	-42,715	-14,608	41,448	6,259	12,032	1,441	-719	-12,496	14,944	92,286
Accruals and Deferred Income	120	-435	-1,000	200	0	0	2,000	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-128	0	128	0	0
Cash flow from operations	105,670	-1,567	1,350	-1,309	-1,309	-1,309	-84,350	75,834	4,499	-21,875	-1,175	-32,509	22,084	-8,353	71,071
Investing Activities
capital expenditure	-105,670	1,567	-1,350	1,309	1,309	1,309	1,309	0	0	0	-525	0	0	-886	-26,315
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-105,670	1,567	-1,350	1,309	1,309	1,309	1,309	0	0	0	-525	0	0	-886	-26,315
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	0	0	0
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	-2	0	0	0	0	0	0	0	2
interest	0	0	0	0	0	0	104	112	24	67	125	210	235	202	112
cash flow from financing	0	0	0	0	0	0	102	112	24	67	125	210	235	202	114
cash and cash equivalents
cash	0	0	0	0	0	0	-82,939	75,946	4,523	-21,808	-1,575	-32,299	22,319	-9,037	44,870
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-82,939	75,946	4,523	-21,808	-1,575	-32,299	22,319	-9,037	44,870

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MANDIP LIMITED group structure

Mandip Limited has no subsidiary companies.

Ultimate parent company

MANDIP LIMITED

03768975

MANDIP LIMITED Shareholders

dipa manish solanki	50%
manish solanki	50%

Mandip Limited currently has 2 directors. The longest serving directors include Mr Manish Solanki (May 1999) and Mrs Dipa Solanki (Nov 2003).

officer	country	age	start	end	role
Mr Manish Solanki	England	56 years	May 1999	-	Director
Mrs Dipa Solanki	England	50 years	Nov 2003	-	Director

P&L

September 2023

turnover

1.6m

+3%

operating profit

160.4k

gross margin

26.6%

-6.92%

turnover

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

Balance Sheet

September 2023

net assets

268.4k

+0.81%

total assets

495.9k

+0.47%

cash

net assets

Total assets minus all liabilities

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company number

03768975

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

May 1999

ultimate parent company

None

previous names

N/A

address

84 bridgwater drive, westcliff, southend-onsea, essex, SS0 0DH

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 1 charges/mortgages relating to mandip limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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mandip limited Company Information

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mandip limited Estimated Valuation

mandip limited Estimated Valuation

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