Mirage Distribution Limited

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mirage distribution limited Company Information

Live

EstablishedMidLow

Company Number

07080694

Next Accounts

Aug 2025

Industry

Wholesale of pharmaceutical goods

Directors

Ajaybhai Patel

Shareholders

mr ajaybhai dilipkumar patel

mr dilipkumar nathubhai patel

Group Structure

View All

Contact

Registered Address

unit 6, albion industrial estate, oldbury road, west bromwich, B70 9BP

Website

www.miragedistribution.co.uk

mirage distribution limited Estimated Valuation

£7.6m

Pomanda estimates the enterprise value of MIRAGE DISTRIBUTION LIMITED at £7.6m based on Net Assets of £3.8m and 1.97x industry multiple (adjusted for liquidity).

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Mirage Distribution Limited is a live company located in west bromwich, B70 9BP with a Companies House number of 07080694. It operates in the wholesale of pharmaceutical goods sector, SIC Code 46460. Founded in November 2009, it's largest shareholder is mr ajaybhai dilipkumar patel with a 66.7% stake. Mirage Distribution Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.3m with low growth in recent years.

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Pomanda's financial health check has awarded Mirage Distribution Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £6.3m, make it smaller than the average company (£24.9m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5%)

EXPORT

Mirage Distribution Limited's latest turnover from November 2023 is estimated at £6.3 million and the company has net assets of £3.8 million. According to their latest financial statements, Mirage Distribution Limited has 22 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Turnover	6,253,360	5,240,272	5,199,277	5,904,091	4,666,119	6,573,103	6,106,291	3,058,202	4,758,295	3,223,826	968,344	543,924	384,842	204,744
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,425,702	4,603,098	4,529,500	5,153,455	4,086,029	5,782,820	5,438,004	2,649,521	4,122,889	2,800,171	849,570	485,885	339,998	182,625
Gross Profit	827,658	637,174	669,778	750,636	580,089	790,283	668,287	408,680	635,406	423,656	118,774	58,040	44,844	22,119
Admin Expenses	395,997	426,487	76,695	1,557,854	-369,887	304,411	131,551	-423,343	-9,557	-217,039	-102,223	36,028	-147,667	51,828
Operating Profit	431,661	210,687	593,083	-807,218	949,976	485,872	536,736	832,023	644,963	640,695	220,997	22,012	192,511	-29,709
Interest Payable	0	0	0	0	5,091	15,655	10,173	145	151	0	0	0	0	0
Interest Receivable	73,001	45,660	1,372	1,466	8,961	4,659	4,597	1,866	1,806	1,537	767	536	358	105
Pre-Tax Profit	504,661	256,347	594,454	-805,752	953,846	474,875	531,160	833,744	646,618	642,232	221,764	22,547	192,869	-29,604
Tax	-126,165	-48,706	-112,946	0	-181,231	-90,226	-100,920	-166,749	-129,323	-134,869	-51,006	-5,411	-50,146	0
Profit After Tax	378,496	207,641	481,508	-805,752	772,615	384,649	430,240	666,995	517,294	507,363	170,758	17,136	142,723	-29,604
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	378,496	207,641	481,508	-805,752	772,615	384,649	430,240	666,995	517,294	507,363	170,758	17,136	142,723	-29,604
Employee Costs	1,571,536	1,320,405	1,263,333	1,074,471	1,176,000	1,561,827	1,352,719	196,428	264,335	176,011	82,759	42,242	41,480	38,788
Number Of Employees	22	20	20	18	21	26	25	4	6	4	2	1	1	1
EBITDA*	511,639	279,126	639,431	-764,629	988,127	516,313	558,090	855,481	651,391	645,538	226,527	26,388	196,280	-27,274

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Tangible Assets	367,841	409,185	319,559	122,801	151,127	120,434	89,809	76,568	21,258	27,438	31,340	24,793	21,360	13,797
Intangible Assets	10,152	0	0	0	1,959	3,759	5,559	7,413	9,267	0	0	0	0	0
Investments & Other	0	1,875	1,875	1,875	1,875	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	377,993	411,060	321,434	124,676	154,961	124,193	95,368	83,981	30,525	27,438	31,340	24,793	21,360	13,797
Stock & work in progress	1,228,611	1,402,938	473,276	731,528	588,779	774,300	646,233	334,124	447,871	264,090	216,420	99,353	59,429	10,000
Trade Debtors	2,003,453	1,529,564	1,967,782	2,165,155	1,600,159	2,507,848	2,281,520	1,129,862	1,636,291	941,796	223,985	158,201	106,791	68,393
Group Debtors	0	0	0	0	0	40,011	40,000	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,344,006	1,436,971	1,607,019	1,136,594	1,794,697	594,938	647,424	1,191,505	301,021	421,188	193,426	113,203	101,059	42,038
misc current assets	10,100	100	100	100	100	100	61	1	0	0	0	0	0	0
total current assets	4,586,170	4,369,573	4,048,177	4,033,377	3,983,735	3,917,197	3,615,238	2,655,492	2,385,183	1,627,074	633,831	370,757	267,279	120,431
total assets	4,964,163	4,780,633	4,369,611	4,158,053	4,138,696	4,041,390	3,710,606	2,739,473	2,415,708	1,654,512	665,171	395,550	288,639	134,228
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	894,528	998,585	704,295	883,336	558,217	579,858	450,359	396,172	660,928	716,416	207,753	85,881	71,887	33,532
Group/Directors Accounts	0	0	0	0	0	148,213	143,354	3,354	0	0	0	0	0	0
other short term finances	0	0	0	0	0	150,851	313,006	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	354,604	380,672	346,972	416,385	0	0	0	0	0
total current liabilities	894,528	998,585	704,295	883,336	558,217	1,233,526	1,287,391	746,498	1,077,313	716,416	207,753	85,881	71,887	33,532
loans	0	0	0	0	0	0	0	0	4,643	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	7,772	0	0	0	0	0
other liabilities	227,273	318,182	409,091	500,000	0	0	0	0	0	129,410	156,095	179,104	103,333	130,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	227,273	318,182	409,091	500,000	0	0	0	0	12,415	129,410	156,095	179,104	103,333	130,000
total liabilities	1,121,801	1,316,767	1,113,386	1,383,336	558,217	1,233,526	1,287,391	746,498	1,089,728	845,826	363,848	264,985	175,220	163,532
net assets	3,842,362	3,463,866	3,256,225	2,774,717	3,580,479	2,807,864	2,423,215	1,992,975	1,325,980	808,686	301,323	130,565	113,419	-29,304
total shareholders funds	3,842,362	3,463,866	3,256,225	2,774,717	3,580,479	2,807,864	2,423,215	1,992,975	1,325,980	808,686	301,323	130,565	113,419	-29,304

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Operating Activities
Operating Profit	431,661	210,687	593,083	-807,218	949,976	485,872	536,736	832,023	644,963	640,695	220,997	22,012	192,511	-29,709
Depreciation	79,978	68,439	46,348	40,630	36,351	28,641	19,500	21,604	4,793	4,843	5,530	4,376	3,769	2,435
Amortisation	0	0	0	1,959	1,800	1,800	1,854	1,854	1,635	0	0	0	0	0
Tax	-126,165	-48,706	-112,946	0	-181,231	-90,226	-100,920	-166,749	-129,323	-134,869	-51,006	-5,411	-50,146	0
Stock	-174,327	929,662	-258,252	142,749	-185,521	128,067	312,109	-113,747	183,781	47,670	117,067	39,924	49,429	10,000
Debtors	473,889	-438,218	-197,373	564,996	-947,700	226,339	1,191,658	-506,429	694,495	717,811	65,784	51,410	38,398	68,393
Creditors	-104,057	294,290	-179,041	325,119	-21,641	129,499	54,187	-264,756	-55,488	508,663	121,872	13,994	38,355	33,532
Accruals and Deferred Income	0	0	0	0	-354,604	-26,068	33,700	-77,185	424,157	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	-18,145	33,266	803,069	-1,147,255	1,563,872	175,112	-958,710	966,967	12,461	253,851	114,542	-56,363	96,662	-72,135
Investing Activities
capital expenditure	-48,786	-158,065	-243,106	-12,304	-67,044	-59,266	-32,741	-76,914	-9,515	-941	-12,077	-7,809	-11,332	-16,232
Change in Investments	-1,875	0	0	0	1,875	0	0	0	0	0	0	0	0	0
cash flow from investments	-46,911	-158,065	-243,106	-12,304	-68,919	-59,266	-32,741	-76,914	-9,515	-941	-12,077	-7,809	-11,332	-16,232
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	-148,213	4,859	140,000	3,354	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-150,851	-162,155	313,006	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	-4,643	4,643	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	-90,909	-90,909	-90,909	500,000	0	0	0	0	-129,410	-26,685	-23,009	75,771	-26,667	130,000
share issue	0	0	0	-10	0	0	0	0	0	0	0	10	0	300
interest	73,001	45,660	1,372	1,466	3,870	-10,996	-5,576	1,721	1,655	1,537	767	536	358	105
cash flow from financing	-17,908	-45,249	-89,537	501,456	-295,194	-168,292	447,430	432	-123,112	-25,148	-22,242	76,317	-26,309	130,405
cash and cash equivalents
cash	-92,965	-170,048	470,425	-658,103	1,199,759	-52,486	-544,081	890,484	-120,167	227,762	80,223	12,144	59,021	42,038
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-92,965	-170,048	470,425	-658,103	1,199,759	-52,486	-544,081	890,484	-120,167	227,762	80,223	12,144	59,021	42,038

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIRAGE DISTRIBUTION LIMITED group structure

Mirage Distribution Limited has 3 subsidiary companies.

Ultimate parent company

MIRAGE DISTRIBUTION LIMITED

07080694

3 subsidiaries

H C HEALTHCARE LTD

09121751

HOT PHARMA LTD

09018672

MIRAGE CAPITAL MANAGEMENT LIMITED

10184862

MIRAGE DISTRIBUTION LIMITED Shareholders

mr ajaybhai dilipkumar patel	66.67%
mr dilipkumar nathubhai patel	33.33%

Mirage Distribution Limited currently has 1 director, Mr Ajaybhai Patel serving since Nov 2009.

officer	country	age	start	end	role
Mr Ajaybhai Patel	England	38 years	Nov 2009	-	Director

P&L

November 2023

turnover

6.3m

+19%

operating profit

431.7k

gross margin

13.3%

+8.85%

turnover

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

Balance Sheet

November 2023

net assets

3.8m

+0.11%

total assets

+0.04%

cash

1.3m

-0.06%

net assets

Total assets minus all liabilities

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company number

07080694

Type

Private limited with Share Capital

industry

46460 - Wholesale of pharmaceutical goods

incorporation date

November 2009

ultimate parent company

None

previous names

N/A

address

unit 6, albion industrial estate, oldbury road, west bromwich, B70 9BP

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 7 charges/mortgages relating to mirage distribution limited. Currently there are 5 open charges and 2 have been satisfied in the past.

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mirage distribution limited Company Information

mirage distribution limited Estimated Valuation

mirage distribution limited Estimated Valuation

mirage distribution limited Estimated Valuation

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