mnd developments limited
mnd developments limited Company Information
Company Number
NI622815
Next Accounts
Apr 2025
Shareholders
jsten limited
tubber na carrig limited
Group Structure
View All
Industry
Buying and selling of own real estate
Registered Address
chamber of commerce house, 22 great victoria street, belfast, BT2 7BA
Website
-mnd developments limited Estimated Valuation
Pomanda estimates the enterprise value of MND DEVELOPMENTS LIMITED at £355.5k based on a Turnover of £170.7k and 2.08x industry multiple (adjusted for size and gross margin).
mnd developments limited Estimated Valuation
Pomanda estimates the enterprise value of MND DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-436.6k and a 4.46x industry multiple (adjusted for size and gross margin).
mnd developments limited Estimated Valuation
Pomanda estimates the enterprise value of MND DEVELOPMENTS LIMITED at £15.4k based on Net Assets of £9.8k and 1.58x industry multiple (adjusted for liquidity).
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Mnd Developments Limited Overview
Mnd Developments Limited is a live company located in belfast, BT2 7BA with a Companies House number of NI622815. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in February 2014, it's largest shareholder is jsten limited with a 50% stake. Mnd Developments Limited is a established, micro sized company, Pomanda has estimated its turnover at £170.7k with declining growth in recent years.
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Mnd Developments Limited Health Check
Pomanda's financial health check has awarded Mnd Developments Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
7 Weak
Size
annual sales of £170.7k, make it smaller than the average company (£848k)
- Mnd Developments Limited
£848k - Industry AVG
Growth
3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (2.5%)
- Mnd Developments Limited
2.5% - Industry AVG
Production
with a gross margin of 26.6%, this company has a higher cost of product (69.2%)
- Mnd Developments Limited
69.2% - Industry AVG
Profitability
an operating margin of -255.7% make it less profitable than the average company (26.2%)
- Mnd Developments Limited
26.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Mnd Developments Limited
4 - Industry AVG
Pay Structure
on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)
- Mnd Developments Limited
£34.8k - Industry AVG
Efficiency
resulting in sales per employee of £170.7k, this is equally as efficient (£185.9k)
- Mnd Developments Limited
£185.9k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (25 days)
- Mnd Developments Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 119 days, this is slower than average (30 days)
- Mnd Developments Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mnd Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is average cash available to meet short term requirements (9 weeks)
8 weeks - Mnd Developments Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.8%, this is a higher level of debt than the average (64.3%)
80.8% - Mnd Developments Limited
64.3% - Industry AVG
MND DEVELOPMENTS LIMITED financials
Mnd Developments Limited's latest turnover from July 2023 is estimated at £170.7 thousand and the company has net assets of £9.8 thousand. According to their latest financial statements, we estimate that Mnd Developments Limited has 1 employee and maintains cash reserves of £6.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | |||||||||
| Stock & work in progress | 1,378,617 | 1,922,890 | 2,876,652 | 1,584,905 | 848,759 | 2,242,410 | 990,034 | ||
| Trade Debtors | 44,297 | 25,410 | 32,189 | 17,192 | 17,177 | 32,311 | 30,564 | 3,199 | 14,989 |
| Group Debtors | |||||||||
| Misc Debtors | |||||||||
| Cash | 6,583 | 1,121,673 | 18,199 | 200,047 | 228,527 | ||||
| misc current assets | |||||||||
| total current assets | 50,880 | 1,147,083 | 1,410,806 | 1,940,082 | 2,912,028 | 1,617,216 | 1,079,370 | 2,245,609 | 1,233,550 |
| total assets | 50,880 | 1,147,083 | 1,410,806 | 1,940,082 | 2,912,028 | 1,617,216 | 1,079,370 | 2,245,609 | 1,233,550 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 41,089 | 728,941 | 1,151,786 | 1,820,637 | 2,114,835 | 735,087 | 35,540 | 1,480,106 | 1,294,970 |
| Group/Directors Accounts | 430,396 | 995,226 | 982,816 | ||||||
| other short term finances | 424,998 | 855,394 | |||||||
| hp & lease commitments | |||||||||
| other current liabilities | |||||||||
| total current liabilities | 41,089 | 728,941 | 1,151,786 | 1,820,637 | 2,970,229 | 1,590,481 | 1,030,766 | 2,462,922 | 1,294,970 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | 26,072 | ||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 26,072 | ||||||||
| total liabilities | 41,089 | 728,941 | 1,151,786 | 1,820,637 | 2,970,229 | 1,590,481 | 1,030,766 | 2,462,922 | 1,321,042 |
| net assets | 9,791 | 418,142 | 259,020 | 119,445 | -58,201 | 26,735 | 48,604 | -217,313 | -87,492 |
| total shareholders funds | 9,791 | 418,142 | 259,020 | 119,445 | -58,201 | 26,735 | 48,604 | -217,313 | -87,492 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | |||||||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | -1,378,617 | -544,273 | -953,762 | 1,291,747 | 736,146 | -1,393,651 | 1,252,376 | 990,034 | |
| Debtors | 18,887 | -6,779 | 14,997 | 15 | -15,134 | 1,747 | 27,365 | -11,790 | 14,989 |
| Creditors | -687,852 | -422,845 | -668,851 | -294,198 | 1,379,748 | 699,547 | -1,444,566 | 185,136 | 1,294,970 |
| Accruals and Deferred Income | -26,072 | 26,072 | |||||||
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -430,396 | 430,396 | -995,226 | 12,410 | 982,816 | ||||
| Other Short Term Loans | -424,998 | -430,396 | 855,394 | ||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -1,115,090 | 1,121,673 | -18,199 | 18,199 | -200,047 | 200,047 | -228,527 | 228,527 | |
| overdraft | |||||||||
| change in cash | -1,115,090 | 1,121,673 | -18,199 | 18,199 | -200,047 | 200,047 | -228,527 | 228,527 |
mnd developments limited Credit Report and Business Information
Mnd Developments Limited Competitor Analysis
Perform a competitor analysis for mnd developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in BT2 area or any other competitors across 12 key performance metrics.
mnd developments limited Ownership
MND DEVELOPMENTS LIMITED group structure
Mnd Developments Limited has no subsidiary companies.
Ultimate parent company
MND DEVELOPMENTS LIMITED
NI622815
mnd developments limited directors
Mnd Developments Limited currently has 2 directors. The longest serving directors include Mr David Anderson (Feb 2014) and Mr Noel Harrison (Feb 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Anderson | Northern Ireland | 59 years | Feb 2014 | - | Director |
| Mr Noel Harrison | Northern Ireland | 71 years | Feb 2014 | - | Director |
P&L
July 2023turnover
170.7k
-54%
operating profit
-436.6k
0%
gross margin
26.7%
-1.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
9.8k
-0.98%
total assets
50.9k
-0.96%
cash
6.6k
-0.99%
net assets
Total assets minus all liabilities
mnd developments limited company details
company number
NI622815
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
February 2014
age
11
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
July 2023
previous names
N/A
accountant
HILL VELLACOTT
auditor
-
address
chamber of commerce house, 22 great victoria street, belfast, BT2 7BA
Bank
BANK OF IRELAND
Legal Advisor
JOHNS ELLIOT
mnd developments 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 did not find charges/mortgages relating to mnd developments limited.
mnd developments limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MND DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
mnd developments limited Companies House Filings - See Documents
| date | description | view/download |
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