Mardan Properties Limited

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mardan properties limited Company Information

Live

MatureMidHealthy

Company Number

04663401

Website

Registered Address

19-20 bourne court, southend road, woodford green, essex, IG8 8HD

Industry

Renting and operating of Housing Association real estate

Telephone

Next Accounts Due

November 2024

Group Structure

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Directors

Lynda Dobrin6 Years

Ashley Bean2 Years

Shareholders

ashley bean 100%

mardan properties limited Estimated Valuation

£46.3m

Pomanda estimates the enterprise value of MARDAN PROPERTIES LIMITED at £46.3m based on a Turnover of £15.6m and 2.96x industry multiple (adjusted for size and gross margin).

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Mardan Properties Limited is a live company located in woodford green, IG8 8HD with a Companies House number of 04663401. It operates in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in February 2003, it's largest shareholder is ashley bean with a 100% stake. Mardan Properties Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.6m with healthy growth in recent years.

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

Health Rating4.5out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £15.6m, make it larger than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (2.4%)

EXPORT

Mardan Properties Limited's latest turnover from February 2023 is estimated at £15.6 million and the company has net assets of £3.4 million. According to their latest financial statements, we estimate that Mardan Properties Limited has 38 employees and maintains cash reserves of £95 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	15,617,453	13,406,927	13,533,021	13,844,212	12,775,740	11,501,751	62,782	80,191	935,027	823,085	661,311	175,812	123,519	101,743
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	13,323,316	9,737,594	9,567,268	9,661,770	9,889,183	8,179,254	44,852	60,274	730,259	592,865	506,447	114,702	96,053	53,404
Gross Profit	2,294,136	3,669,333	3,965,753	4,182,442	2,886,557	3,322,497	17,930	19,917	204,768	230,219	154,864	61,110	27,466	48,339
Admin Expenses	2,059,112	3,132,535	3,833,932	4,072,362	2,736,456	2,293,661	-172,286	-68,089	90,277	154,027	102,133	22,943	-93,943	13,226
Operating Profit	235,024	536,798	131,821	110,080	150,101	1,028,836	190,216	88,006	114,491	76,192	52,731	38,167	121,409	35,113
Interest Payable	146,950	61,762	12,791	57,079	82,316	51,390	53,706	28,768	20,907	42,929	28,399	13,246	22,359	15,490
Interest Receivable	10,996	1,720	161	1,401	1,167	109	92	854	892	372	496	422	228	107
Pre-Tax Profit	99,070	476,757	119,191	54,402	68,952	977,556	136,601	60,091	94,476	33,635	24,829	25,343	99,278	19,731
Tax	-18,823	-90,584	-22,646	-10,336	-13,101	-185,736	-27,320	-12,018	-19,840	-7,736	-5,959	-6,589	-27,798	-5,525
Profit After Tax	80,247	386,173	96,545	44,066	55,851	791,820	109,281	48,073	74,636	25,899	18,870	18,754	71,480	14,206
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	80,247	386,173	96,545	44,066	55,851	791,820	109,281	48,073	74,636	25,899	18,870	18,754	71,480	14,206
Employee Costs	1,316,133	1,093,561	1,122,765	924,245	931,044	719,685	26,982	27,625	83,250	52,668	55,000	23,903	25,459	22,073
Number Of Employees	38	32	35	31	31	27	1	1	3	2	2	1	1	1
EBITDA*	235,024	536,798	131,821	110,080	150,101	1,028,836	190,216	88,006	114,491	76,192	52,731	38,167	121,409	35,113

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	1,950,647	0	992,931	957,265	576,041
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	4,106,717	3,188,807	3,438,807	3,270,883	1,939,800	1,990,678	1,990,678	1,962,578	1,960,897	0	1,845,072	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	4,106,717	3,188,807	3,438,807	3,270,883	1,939,800	1,990,678	1,990,678	1,962,578	1,960,897	1,950,647	1,845,072	992,931	957,265	576,041
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,478,764	2,341,817	2,121,948	2,137,024	1,772,392	2,017,843	10,480	14,170	105,226	96,194	93,918	13,325	1,548	14,635
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	1,454,432	150,015	0	0	0	0	0	0
Cash	95,047	454,776	233,355	88,064	285,431	25,660	18,034	55,438	286,028	70,662	78,098	120,472	48,390	42,941
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,573,811	2,796,593	2,355,303	2,225,088	2,057,823	2,043,503	1,482,946	219,623	391,254	166,856	172,016	133,797	49,938	57,576
total assets	6,680,528	5,985,400	5,794,110	5,495,971	3,997,623	4,034,181	3,473,624	2,182,201	2,352,151	2,117,503	2,017,088	1,126,728	1,007,203	633,617
Bank overdraft	0	0	0	0	0	0	61,452	62,604	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,365,494	1,280,054	1,362,532	1,288,619	1,076,535	2,112,384	6,772	614	1,268,594	1,073,578	964,765	775,523	659,611	92,238
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	2,251,215	1,023,500	0	0	0	0	0	0
total current liabilities	1,365,494	1,280,054	1,362,532	1,288,619	1,076,535	2,112,384	2,319,439	1,086,718	1,268,594	1,073,578	964,765	775,523	659,611	92,238
loans	1,458,005	1,480,989	419,369	0	1,691,218	747,778	771,986	822,565	0	643,300	677,597	196,214	211,355	476,622
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	95,539	109,475	1,083,500	1,638,188	0	0	0	0	858,712	250,416	250,416	49,551	49,551	49,551
provisions	399,654	258,063	296,063	246,093	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,953,198	1,848,527	1,798,932	1,884,281	1,691,218	747,778	771,986	822,565	858,712	893,716	928,013	245,765	260,906	526,173
total liabilities	3,318,692	3,128,581	3,161,464	3,172,900	2,767,753	2,860,162	3,091,425	1,909,283	2,127,306	1,967,294	1,892,778	1,021,288	920,517	618,411
net assets	3,361,836	2,856,819	2,632,646	2,323,071	1,229,870	1,174,019	382,199	272,918	224,845	150,209	124,310	105,440	86,686	15,206
total shareholders funds	3,361,836	2,856,819	2,632,646	2,323,071	1,229,870	1,174,019	382,199	272,918	224,845	150,209	124,310	105,440	86,686	15,206

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	235,024	536,798	131,821	110,080	150,101	1,028,836	190,216	88,006	114,491	76,192	52,731	38,167	121,409	35,113
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-18,823	-90,584	-22,646	-10,336	-13,101	-185,736	-27,320	-12,018	-19,840	-7,736	-5,959	-6,589	-27,798	-5,525
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	136,947	219,869	-15,076	364,632	-245,451	552,931	1,300,727	58,959	9,032	2,276	80,593	11,777	-13,087	14,635
Creditors	85,440	-82,478	73,913	212,084	-1,035,849	2,105,612	6,158	-1,267,980	195,016	108,813	189,242	115,912	567,373	92,238
Accruals and Deferred Income	0	0	0	0	0	-2,251,215	1,227,715	1,023,500	0	0	0	0	0	0
Deferred Taxes & Provisions	141,591	-38,000	49,970	246,093	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	306,285	105,867	248,134	193,289	-653,398	144,566	96,042	-227,451	280,635	174,993	155,421	135,713	674,071	107,191
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	1,950,647	-1,950,647	992,931	-35,666	-381,224	-576,041
Change in Investments	917,910	-250,000	167,924	1,331,083	-50,878	0	28,100	1,681	1,960,897	-1,845,072	1,845,072	0	0	0
cash flow from investments	-917,910	250,000	-167,924	-1,331,083	50,878	0	-28,100	-1,681	-10,250	-105,575	-852,141	-35,666	-381,224	-576,041
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	-22,984	1,061,620	419,369	-1,691,218	943,440	-24,208	-50,579	822,565	-643,300	-34,297	481,383	-15,141	-265,267	476,622
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-13,936	-974,025	-554,688	1,638,188	0	0	0	-858,712	608,296	0	200,865	0	0	49,551
share issue	424,770	-162,000	213,030	1,049,135	0	0	0	0	0	0	0	0	0	1,000
interest	-135,954	-60,042	-12,630	-55,678	-81,149	-51,281	-53,614	-27,914	-20,015	-42,557	-27,903	-12,824	-22,131	-15,383
cash flow from financing	251,896	-134,447	65,081	940,427	862,291	-75,489	-104,193	-64,061	-55,019	-76,854	654,345	-27,965	-287,398	511,790
cash and cash equivalents
cash	-359,729	221,421	145,291	-197,367	259,771	7,626	-37,404	-230,590	215,366	-7,436	-42,374	72,082	5,449	42,941
overdraft	0	0	0	0	0	-61,452	-1,152	62,604	0	0	0	0	0	0
change in cash	-359,729	221,421	145,291	-197,367	259,771	69,078	-36,252	-293,194	215,366	-7,436	-42,374	72,082	5,449	42,941

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARDAN PROPERTIES LIMITED group structure

Mardan Properties Limited has 3 subsidiary companies.

Ultimate parent company

MARDAN PROPERTIES LIMITED

04663401

3 subsidiaries

MARDAN SERVICES LTD

10993953

MARDAN INVESTMENTS LTD

10990570

47 ST HELENS ROAD FREEHOLD LTD

12889918

MARDAN PROPERTIES LIMITED Shareholders

ashley bean

100%

Mardan Properties Limited currently has 2 directors. The longest serving directors include Ms Lynda Dobrin (Nov 2017) and Mr Ashley Bean (Jan 2022).

officer	country	age	start	end	role
Ms Lynda Dobrin	United Kingdom	59 years	Nov 2017	-	Director
Mr Ashley Bean	England	59 years	Jan 2022	-	Director

P&L

February 2023

turnover

15.6m

+16%

operating profit

235k

gross margin

14.7%

-46.33%

turnover

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

Balance Sheet

February 2023

net assets

3.4m

+0.18%

total assets

6.7m

+0.12%

cash

95k

-0.79%

net assets

Total assets minus all liabilities

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company number

04663401

Type

Private limited with Share Capital

industry

68201 - Renting and operating of Housing Association real estate

incorporation date

February 2003

accounts

Unaudited Abridged

ultimate parent company

None

previous names

virtual estates limited (May 2005)

last accounts submitted

February 2023

address

19-20 bourne court, southend road, woodford green, essex, IG8 8HD

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 28 charges/mortgages relating to mardan properties limited. Currently there are 26 open charges and 2 have been satisfied in the past.

mardan properties limited Company Information

mardan properties limited Estimated Valuation

mardan properties limited Estimated Valuation

mardan properties limited Estimated Valuation

Mardan Properties Limited Overview

Mardan Properties Limited Health Check

MARDAN PROPERTIES LIMITED financials

mardan properties limited Credit Report and Business Information

Mardan Properties Limited Competitor Analysis

mardan properties limited Ownership

mardan properties limited directors

mardan properties limited company details

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