M E Honarvar Limited

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m e honarvar limited Company Information

Live

EstablishedMicroDeclining

Company Number

05334201

Website

Registered Address

112 barden road, tonbridge, TN9 1UJ

Industry

Dental practice activities

Telephone

01732353880

Next Accounts Due

December 2024

Group Structure

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Directors

Mehrdad Honarvar19 Years

Shareholders

mehrdad ebrahimi honarvar 100%

m e honarvar limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of M E HONARVAR LIMITED at £2.3m based on Net Assets of £804.7k and 2.83x industry multiple (adjusted for liquidity).

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M E Honarvar Limited is a live company located in tonbridge, TN9 1UJ with a Companies House number of 05334201. It operates in the dental practice activities sector, SIC Code 86230. Founded in January 2005, it's largest shareholder is mehrdad ebrahimi honarvar with a 100% stake. M E Honarvar Limited is a established, micro sized company, Pomanda has estimated its turnover at £251.7k with declining growth in recent years.

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Pomanda's financial health check has awarded M E Honarvar Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £251.7k, make it smaller than the average company (£921.3k)

Growth

3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (2.5%)

EXPORT

M E Honarvar Limited's latest turnover from March 2023 is estimated at £251.7 thousand and the company has net assets of £804.7 thousand. According to their latest financial statements, M E Honarvar Limited has 3 employees and maintains cash reserves of £563.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	251,669	313,646	146,914	1,457,016	2,632,599	2,241,094	2,052,238	125,324	56,752	64,504	70,046	66,550	166,291	177,382
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	143,121	178,779	83,894	817,374	1,469,065	1,236,583	1,111,593	67,820	30,258	34,127	37,280	35,384	90,102	96,495
Gross Profit	108,549	134,867	63,020	639,642	1,163,533	1,004,511	940,645	57,504	26,494	30,376	32,765	31,165	76,189	80,887
Admin Expenses	-1,874	-56,614	19,213	605,664	1,101,590	952,048	762,318	11,330	11,227	24,927	16,080	3,940	34,411	-86,995
Operating Profit	110,423	191,481	43,807	33,978	61,943	52,463	178,327	46,174	15,267	5,449	16,685	27,225	41,778	167,882
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	22,783	3,460	207	0	0	0	360	1,264	944	682	419	240	240	136
Pre-Tax Profit	133,206	194,941	44,014	33,978	61,943	52,463	178,686	47,438	16,211	6,131	17,104	27,465	42,018	168,018
Tax	-25,309	-37,039	-8,363	-6,456	-11,769	-9,968	-35,737	-9,487	-3,404	-1,410	-4,105	-7,141	-11,765	-47,045
Profit After Tax	107,897	157,902	35,651	27,522	50,174	42,495	142,949	37,950	12,807	4,721	12,999	20,324	30,253	120,973
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	107,897	157,902	35,651	27,522	50,174	42,495	142,949	37,950	12,807	4,721	12,999	20,324	30,253	120,973
Employee Costs	59,438	55,346	53,408	51,896	471,727	356,614	331,028	28,870	14,500	14,232	13,567	13,553	30,415	36,956
Number Of Employees	3	3	3	3	28	24	23	2	1	1	1	1	2	2
EBITDA*	110,423	260,072	43,807	33,978	61,943	52,463	178,327	51,281	57,043	50,595	61,831	72,371	79,278	211,359

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	155,674	172,797	79,841	342,441	283,635	250,001	253,566	8,673	10,454	14,730	19,050	26,696	34,342	24,356
Intangible Assets	250,000	250,000	250,000	0	0	0	0	0	0	37,500	75,000	112,500	150,000	187,500
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	405,674	422,797	329,841	342,441	283,635	250,001	253,566	8,673	10,454	52,230	94,050	139,196	184,342	211,856
Stock & work in progress	1,500	1,000	1,000	0	0	0	0	1,000	1,000	1,000	1,000	1,100	1,100	1,100
Trade Debtors	0	0	0	396,966	352,674	284,292	227,177	5,486	2,560	0	0	0	0	0
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	563,115	509,036	413,503	0	0	0	0	287,732	217,865	159,821	113,145	54,523	41,328	54,557
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	564,615	510,036	414,503	396,966	352,674	284,292	227,177	294,218	221,425	160,821	114,145	55,623	42,428	55,657
total assets	970,289	932,833	744,344	739,407	636,309	534,293	480,743	302,891	231,879	213,051	208,195	194,819	226,770	267,513
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	165,572	234,133	0	114,646	94,008	83,855	72,800	62,764	29,702	23,681	23,546	23,169	75,444	145,155
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	1,880	205,426	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	165,572	236,013	205,426	114,646	94,008	83,855	72,800	62,764	29,702	23,681	23,546	23,169	75,444	145,155
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	121,594	66,656	24,967	24,967	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	1,285
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	121,594	66,656	24,967	24,967	0	0	0	0	0	0	1,285
total liabilities	165,572	236,013	205,426	236,240	160,664	108,822	97,767	62,764	29,702	23,681	23,546	23,169	75,444	146,440
net assets	804,717	696,820	538,918	503,167	475,645	425,471	382,976	240,127	202,177	189,370	184,649	171,650	151,326	121,073
total shareholders funds	804,717	696,820	538,918	503,167	475,645	425,471	382,976	240,127	202,177	189,370	184,649	171,650	151,326	121,073

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	110,423	191,481	43,807	33,978	61,943	52,463	178,327	46,174	15,267	5,449	16,685	27,225	41,778	167,882
Depreciation	0	18,591	0	0	0	0	0	5,107	4,276	7,646	7,646	7,646	0	43,477
Amortisation	0	50,000	0	0	0	0	0	0	37,500	37,500	37,500	37,500	37,500	0
Tax	-25,309	-37,039	-8,363	-6,456	-11,769	-9,968	-35,737	-9,487	-3,404	-1,410	-4,105	-7,141	-11,765	-47,045
Stock	500	0	1,000	0	0	0	-1,000	0	0	0	-100	0	0	1,100
Debtors	0	0	-396,966	44,292	68,382	57,115	221,691	2,926	2,560	0	0	0	0	0
Creditors	-68,561	234,133	-114,646	20,638	10,153	11,055	10,036	33,062	6,021	135	377	-52,275	-69,711	145,155
Accruals and Deferred Income	-1,880	-203,546	83,832	54,938	41,689	0	24,967	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	14,173	253,620	400,596	58,806	33,634	-3,565	-43,098	71,930	57,100	49,320	58,203	12,955	-2,198	308,369
Investing Activities
capital expenditure	17,123	-161,547	12,600	-58,806	-33,634	3,565	-244,893	-3,326	0	-3,326	0	0	-9,986	-255,333
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	17,123	-161,547	12,600	-58,806	-33,634	3,565	-244,893	-3,326	0	-3,326	0	0	-9,986	-255,333
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	0	0	0	0	0	0	-1,285	1,285
share issue	0	0	100	0	0	0	-100	0	0	0	0	0	0	100
interest	22,783	3,460	207	0	0	0	360	1,264	944	682	419	240	240	136
cash flow from financing	22,783	3,460	307	0	0	0	260	1,264	944	682	419	240	-1,045	1,521
cash and cash equivalents
cash	54,079	95,533	413,503	0	0	0	-287,732	69,867	58,044	46,676	58,622	13,195	-13,229	54,557
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	54,079	95,533	413,503	0	0	0	-287,732	69,867	58,044	46,676	58,622	13,195	-13,229	54,557

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M E HONARVAR LIMITED group structure

M E Honarvar Limited has no subsidiary companies.

Ultimate parent company

M E HONARVAR LIMITED

05334201

M E HONARVAR LIMITED Shareholders

mehrdad ebrahimi honarvar

100%

M E Honarvar Limited currently has 1 director, Mr Mehrdad Honarvar serving since Jan 2005.

officer	country	age	start	end	role
Mr Mehrdad Honarvar	United Kingdom	55 years	Jan 2005	-	Director

P&L

March 2023

turnover

251.7k

-20%

operating profit

110.4k

gross margin

43.2%

+0.31%

turnover

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

Balance Sheet

March 2023

net assets

804.7k

+0.15%

total assets

970.3k

+0.04%

cash

563.1k

+0.11%

net assets

Total assets minus all liabilities

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company number

05334201

Type

Private limited with Share Capital

industry

86230 - Dental practice activities

incorporation date

January 2005

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

112 barden road, tonbridge, TN9 1UJ

last accounts submitted

March 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.

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m e honarvar limited Company Information

m e honarvar limited Estimated Valuation

m e honarvar limited Estimated Valuation

m e honarvar limited Estimated Valuation

M E Honarvar Limited Overview

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M E HONARVAR LIMITED financials

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m e honarvar limited Ownership

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