mindera uk limited
mindera uk limited Company Information
Company Number
10398155
Website
www.mindera.comRegistered Address
premier house 2nd floor, 29 rutland street, leicester, LE1 1RE
Industry
Business and domestic software development
Computer consultancy activities
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
mindera holdings limited 100%
mindera uk limited Estimated Valuation
Pomanda estimates the enterprise value of MINDERA UK LIMITED at £31m based on a Turnover of £30.7m and 1.01x industry multiple (adjusted for size and gross margin).
mindera uk limited Estimated Valuation
Pomanda estimates the enterprise value of MINDERA UK LIMITED at £64.8m based on an EBITDA of £9.3m and a 6.99x industry multiple (adjusted for size and gross margin).
mindera uk limited Estimated Valuation
Pomanda estimates the enterprise value of MINDERA UK LIMITED at £36.3m based on Net Assets of £16m and 2.27x industry multiple (adjusted for liquidity).
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Mindera Uk Limited Overview
Mindera Uk Limited is a live company located in leicester, LE1 1RE with a Companies House number of 10398155. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 2016, it's largest shareholder is mindera holdings limited with a 100% stake. Mindera Uk Limited is a young, large sized company, Pomanda has estimated its turnover at £30.7m with rapid growth in recent years.
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Mindera Uk Limited Health Check
Pomanda's financial health check has awarded Mindera Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
2 Weak
Size
annual sales of £30.7m, make it larger than the average company (£3.4m)
£30.7m - Mindera Uk Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 82%, show it is growing at a faster rate (8.9%)
- Mindera Uk Limited
8.9% - Industry AVG
Production
with a gross margin of 33.8%, this company has a higher cost of product (59%)
33.8% - Mindera Uk Limited
59% - Industry AVG
Profitability
an operating margin of 29.9% make it more profitable than the average company (5.1%)
29.9% - Mindera Uk Limited
5.1% - Industry AVG
Employees
with 100 employees, this is above the industry average (28)
100 - Mindera Uk Limited
28 - Industry AVG
Pay Structure
on an average salary of £77.7k, the company has an equivalent pay structure (£66k)
£77.7k - Mindera Uk Limited
£66k - Industry AVG
Efficiency
resulting in sales per employee of £307.5k, this is more efficient (£128.5k)
£307.5k - Mindera Uk Limited
£128.5k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is near the average (59 days)
64 days - Mindera Uk Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (34 days)
8 days - Mindera Uk Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mindera Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is more cash available to meet short term requirements (17 weeks)
42 weeks - Mindera Uk Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.9%, this is a lower level of debt than the average (59.5%)
43.9% - Mindera Uk Limited
59.5% - Industry AVG
MINDERA UK LIMITED financials
Mindera Uk Limited's latest turnover from December 2023 is £30.7 million and the company has net assets of £16 million. According to their latest financial statements, Mindera Uk Limited has 100 employees and maintains cash reserves of £10.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 30,748,000 | 21,107,000 | |||||
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 20,371,000 | 14,154,000 | |||||
| Gross Profit | 10,377,000 | 6,953,000 | |||||
| Admin Expenses | 1,178,000 | 1,024,000 | |||||
| Operating Profit | 9,199,000 | 5,929,000 | |||||
| Interest Payable | 0 | 0 | |||||
| Interest Receivable | 38,000 | 2,000 | |||||
| Pre-Tax Profit | 9,237,000 | 5,931,000 | |||||
| Tax | -2,096,000 | -487,000 | |||||
| Profit After Tax | 7,141,000 | 5,444,000 | |||||
| Dividends Paid | 0 | 0 | |||||
| Retained Profit | 7,141,000 | 5,444,000 | |||||
| Employee Costs | 7,772,000 | 5,897,000 | |||||
| Number Of Employees | 100 | 90 | 73 | 44 | 34 | 33 | 15 |
| EBITDA* | 9,270,000 | 5,990,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 94,000 | 100,000 | 105,888 | 63,186 | 43,077 | 38,831 | 30,507 |
| Intangible Assets | 84,000 | 0 | 0 | 0 | 0 | 4,958 | 4,958 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 178,000 | 100,000 | 105,888 | 63,186 | 43,077 | 43,789 | 35,465 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,465,000 | 3,916,000 | 1,169,895 | 1,078,360 | 871,518 | 830,155 | 370,962 |
| Group Debtors | 12,448,000 | 1,444,000 | 823,895 | 554,954 | 454,096 | 0 | 4,422 |
| Misc Debtors | 240,000 | 403,000 | 62,371 | 17,910 | 21,156 | 1,275 | 150 |
| Cash | 10,191,000 | 7,744,000 | 3,374,916 | 1,724,409 | 859,934 | 268,530 | 47,425 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| total current assets | 28,344,000 | 13,507,000 | 5,431,077 | 3,375,633 | 2,206,704 | 1,099,961 | 422,960 |
| total assets | 28,522,000 | 13,607,000 | 5,536,965 | 3,438,819 | 2,249,781 | 1,143,750 | 458,425 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 483,000 | 174,000 | 121,415 | 130,342 | 139,767 | 126,082 | 108,829 |
| Group/Directors Accounts | 9,286,000 | 1,773,000 | 679,467 | 715,827 | 514,644 | 355,461 | 411,181 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,742,000 | 2,777,000 | 1,362,483 | 811,658 | 585,805 | 215,423 | 58,612 |
| total current liabilities | 12,511,000 | 4,724,000 | 2,163,365 | 1,657,827 | 1,240,216 | 696,966 | 578,622 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 13,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 13,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 12,511,000 | 4,737,000 | 2,163,365 | 1,657,827 | 1,240,216 | 696,966 | 578,622 |
| net assets | 16,011,000 | 8,870,000 | 3,373,600 | 1,780,992 | 1,009,565 | 446,784 | -120,197 |
| total shareholders funds | 16,011,000 | 8,870,000 | 3,373,600 | 1,780,992 | 1,009,565 | 446,784 | -120,197 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 9,199,000 | 5,929,000 | |||||
| Depreciation | 71,000 | 61,000 | 45,605 | 28,523 | 19,545 | 12,943 | 10,169 |
| Amortisation | 0 | 0 | 0 | 0 | 4,958 | 0 | 0 |
| Tax | -2,096,000 | -487,000 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 12,390,000 | 3,706,839 | 404,937 | 304,454 | 515,340 | 455,896 | 375,534 |
| Creditors | 309,000 | 52,585 | -8,927 | -9,425 | 13,685 | 17,253 | 108,829 |
| Accruals and Deferred Income | -35,000 | 1,414,517 | 550,825 | 225,853 | 370,382 | 156,811 | 58,612 |
| Deferred Taxes & Provisions | -13,000 | 13,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -4,955,000 | 3,276,263 | |||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 7,513,000 | 1,093,533 | -36,360 | 201,183 | 159,183 | -55,720 | 411,181 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 38,000 | 2,000 | |||||
| cash flow from financing | 7,551,000 | 1,147,933 | |||||
| cash and cash equivalents | |||||||
| cash | 2,447,000 | 4,369,084 | 1,650,507 | 864,475 | 591,404 | 221,105 | 47,425 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,447,000 | 4,369,084 | 1,650,507 | 864,475 | 591,404 | 221,105 | 47,425 |
mindera uk limited Credit Report and Business Information
Mindera Uk Limited Competitor Analysis
Perform a competitor analysis for mindera uk limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in LE1 area or any other competitors across 12 key performance metrics.
mindera uk limited Ownership
MINDERA UK LIMITED group structure
Mindera Uk Limited has 1 subsidiary company.
Ultimate parent company
2 parents
MINDERA UK LIMITED
10398155
1 subsidiary
mindera uk limited directors
Mindera Uk Limited currently has 2 directors. The longest serving directors include Mr Paul Evans (Sep 2016) and Mrs Hetal Kurji-Evans (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Evans | England | 56 years | Sep 2016 | - | Director |
| Mrs Hetal Kurji-Evans | United Kingdom | 49 years | May 2017 | - | Director |
P&L
December 2023turnover
30.7m
+46%
operating profit
9.2m
+55%
gross margin
33.8%
+2.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
16m
+0.81%
total assets
28.5m
+1.1%
cash
10.2m
+0.32%
net assets
Total assets minus all liabilities
Similar Companies
mindera uk limited company details
company number
10398155
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
62020 - Computer consultancy activities
incorporation date
September 2016
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
premier house 2nd floor, 29 rutland street, leicester, LE1 1RE
Bank
-
Legal Advisor
-
mindera uk limited Charges & Mortgages
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 3 charges/mortgages relating to mindera uk limited. Currently there are 2 open charges and 1 have been satisfied in the past.
mindera uk limited Companies House Filings - See Documents
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