mediq healthcare uk limited

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mediq healthcare uk limited Company Information

Share MEDIQ HEALTHCARE UK LIMITED
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Company Number

00062537

Registered Address

unit 6, delta park industrial es, millmarsh lane, enfield, EN3 7QJ

Industry

Non-specialised wholesale trade

 

Telephone

01617432222

Next Accounts Due

July 2024

Group Structure

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Directors

Richard Greenway12 Years

Richard Cornwell1 Years

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Shareholders

mediq holding uk limited 100%

mediq healthcare uk limited Estimated Valuation

£90.4m

Pomanda estimates the enterprise value of MEDIQ HEALTHCARE UK LIMITED at £90.4m based on a Turnover of £144.4m and 0.63x industry multiple (adjusted for size and gross margin).

mediq healthcare uk limited Estimated Valuation

£93.3m

Pomanda estimates the enterprise value of MEDIQ HEALTHCARE UK LIMITED at £93.3m based on an EBITDA of £13.8m and a 6.77x industry multiple (adjusted for size and gross margin).

mediq healthcare uk limited Estimated Valuation

£142.5m

Pomanda estimates the enterprise value of MEDIQ HEALTHCARE UK LIMITED at £142.5m based on Net Assets of £93.7m and 1.52x industry multiple (adjusted for liquidity).

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Mediq Healthcare Uk Limited Overview

Mediq Healthcare Uk Limited is a live company located in enfield, EN3 7QJ with a Companies House number of 00062537. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in June 1899, it's largest shareholder is mediq holding uk limited with a 100% stake. Mediq Healthcare Uk Limited is a mature, mega sized company, Pomanda has estimated its turnover at £144.4m with declining growth in recent years.

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Mediq Healthcare Uk Limited Health Check

Pomanda's financial health check has awarded Mediq Healthcare Uk Limited a 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 Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £144.4m, make it larger than the average company (£13.2m)

£144.4m - Mediq Healthcare Uk Limited

£13.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (4.4%)

-31% - Mediq Healthcare Uk Limited

4.4% - Industry AVG

production

Production

with a gross margin of 20.2%, this company has a higher cost of product (28%)

20.2% - Mediq Healthcare Uk Limited

28% - Industry AVG

profitability

Profitability

an operating margin of 5.6% make it as profitable than the average company (6.5%)

5.6% - Mediq Healthcare Uk Limited

6.5% - Industry AVG

employees

Employees

with 1069 employees, this is above the industry average (35)

1069 - Mediq Healthcare Uk Limited

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.7k, the company has a lower pay structure (£40.8k)

£29.7k - Mediq Healthcare Uk Limited

£40.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £135k, this is less efficient (£349k)

£135k - Mediq Healthcare Uk Limited

£349k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 47 days, this is near the average (52 days)

47 days - Mediq Healthcare Uk Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 66 days, this is slower than average (37 days)

66 days - Mediq Healthcare Uk Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 94 days, this is more than average (74 days)

94 days - Mediq Healthcare Uk Limited

74 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (16 weeks)

29 weeks - Mediq Healthcare Uk Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 33.1%, this is a lower level of debt than the average (47.9%)

33.1% - Mediq Healthcare Uk Limited

47.9% - Industry AVG

MEDIQ HEALTHCARE UK LIMITED financials

EXPORTms excel logo

Mediq Healthcare Uk Limited's latest turnover from October 2022 is £144.4 million and the company has net assets of £93.7 million. According to their latest financial statements, Mediq Healthcare Uk Limited has 1,069 employees and maintains cash reserves of £24.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover144,358,000215,603,000567,359,000447,841,000415,678,000394,608,000384,592,000404,507,000373,220,000366,169,000359,216,000353,717,000356,860,000373,569,000
Other Income Or Grants00000000000000
Cost Of Sales115,176,000176,733,000442,724,000358,248,000330,910,000289,373,000287,398,000308,614,000304,630,000297,836,000295,585,000290,994,000295,339,000306,827,000
Gross Profit29,182,00038,870,000124,635,00089,593,00084,768,000105,235,00097,194,00095,893,00068,590,00068,333,00063,631,00062,723,00061,521,00066,742,000
Admin Expenses21,088,00027,711,00082,179,00072,049,00068,573,00085,737,00080,385,00076,201,00052,633,00053,098,00051,839,00050,441,00047,763,00051,318,000
Operating Profit8,094,00011,159,00042,456,00017,544,00016,195,00019,498,00016,809,00019,692,00015,957,00015,235,00011,792,00012,282,00013,758,00015,424,000
Interest Payable1,091,0001,701,0001,759,0003,803,0002,736,0002,608,0002,219,0002,187,0001,640,0001,484,0001,473,000910,0001,139,000991,000
Interest Receivable282,00080,000325,000615,000352,00040,00088,000120,000106,00081,00069,000101,000104,000149,000
Pre-Tax Profit7,787,00022,511,00041,022,00014,356,00013,811,00016,930,00014,678,00017,625,00014,423,00013,832,00010,388,00013,939,00012,723,00014,582,000
Tax-3,436,000-3,964,000-7,567,000-3,281,000-2,379,000-3,279,000103,000-4,533,000-3,183,000-2,909,000-665,0006,262,000-4,016,000-3,912,000
Profit After Tax4,351,00018,547,00033,455,00011,075,00011,432,00013,651,00014,781,00013,092,00011,240,00010,923,0009,723,00020,201,0008,707,00010,670,000
Dividends Paid0007,500,00025,000,00010,000,00015,000,0000015,000,00018,000,0008,700,000011,000,000
Retained Profit4,351,00018,547,00033,455,0003,575,000-13,568,0003,651,000-219,00013,092,00011,240,000-4,077,000-8,277,00011,501,0008,707,000-330,000
Employee Costs31,786,00042,386,00039,580,00035,834,00036,111,00031,869,00035,283,00031,701,00024,890,00024,974,00024,190,00023,707,00024,490,00025,016,000
Number Of Employees1,0691,0219609469278851,1361,059751789788783859917
EBITDA*13,784,00018,642,00049,136,00018,770,00016,470,00021,247,00018,548,00021,163,00017,588,00017,033,00013,631,00014,182,00015,648,00017,357,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets4,115,00027,837,00029,298,00020,921,0003,825,0009,043,0008,804,0008,608,0008,267,0004,022,0004,123,0004,306,0004,229,0004,890,000
Intangible Assets139,00010,079,0009,711,0009,820,0009,592,0009,055,0008,981,0008,981,0008,981,0008,981,0009,768,00010,631,00011,509,00012,387,000
Investments & Other00000000000000
Debtors (Due After 1 year)0572,0001,450,0001,585,000238,000000000000
Total Fixed Assets4,254,00038,488,00040,459,00032,326,00013,655,00018,098,00017,785,00017,589,00017,248,00013,003,00013,891,00014,937,00015,738,00017,277,000
Stock & work in progress29,806,00081,610,00099,698,00052,271,00051,701,00047,779,00041,724,00044,969,00044,266,00040,995,00040,251,00043,186,00041,205,00046,135,000
Trade Debtors18,919,00084,637,00098,156,00063,430,00070,325,00077,352,00055,228,00057,803,00055,327,00047,224,00044,100,00050,099,00048,616,00050,700,000
Group Debtors57,654,00029,840,00047,019,00021,838,000105,985,00067,661,00082,172,00067,904,00059,943,00041,063,00040,886,00060,921,00071,077,00085,785,000
Misc Debtors4,628,00010,218,00018,972,0007,153,0007,573,0008,084,0007,396,0007,310,0008,826,0006,047,0006,363,0007,177,0006,034,0006,518,000
Cash24,779,00060,854,00036,155,00016,042,00018,632,00019,915,0008,956,0008,242,0008,461,0004,110,0002,794,0005,676,00010,388,0005,201,000
misc current assets00000000000000
total current assets135,786,000267,159,000300,000,000160,734,000254,216,000220,791,000195,476,000186,228,000176,823,000139,439,000134,394,000167,059,000177,320,000194,339,000
total assets140,040,000305,647,000340,459,000193,060,000267,871,000238,889,000213,261,000203,817,000194,071,000152,442,000148,285,000181,996,000193,058,000211,616,000
Bank overdraft420,0001,212,000219,000303,000101,000185,000376,000001,817,0001,660,0002,918,00046,00025,000
Bank loan0000000318,000142,00000000
Trade Creditors 21,077,000104,276,00093,869,00089,064,000103,985,00086,868,00071,120,00077,887,00078,469,00073,194,00073,896,00082,705,00069,559,00068,920,000
Group/Directors Accounts7,079,00020,140,00021,652,00022,113,000104,175,00097,404,00097,696,00080,543,00063,769,00033,746,00030,315,00044,822,00074,101,00098,106,000
other short term finances001,051,0002,014,0000000720,00000000
hp & lease commitments1,152,0006,620,0005,526,0004,951,0000000000000
other current liabilities13,960,00059,617,000120,518,00018,591,00022,019,00027,405,00021,656,00022,772,00027,070,00019,255,00014,213,00015,007,00023,045,00024,837,000
total current liabilities43,688,000191,865,000242,835,000137,036,000230,280,000211,862,000190,848,000181,520,000170,170,000128,012,000120,084,000145,452,000166,751,000191,888,000
loans00000000000000
hp & lease commitments1,358,00020,431,00023,318,00016,402,00000214,000217,000337,00000000
Accruals and Deferred Income00000000000000
other liabilities34,000118,000176,000199,000188,00095,000134,000539,000000000
provisions1,287,0004,401,0004,494,0003,888,0004,158,0004,931,0004,240,0004,005,0003,970,0003,414,0003,424,0003,796,0005,349,0007,753,000
total long term liabilities2,679,00024,950,00027,988,00020,489,0004,346,0005,026,0004,588,0004,761,0004,307,0003,414,0003,424,0003,796,0005,349,0007,753,000
total liabilities46,367,000216,815,000270,823,000157,525,000234,626,000216,888,000195,436,000186,281,000174,477,000131,426,000123,508,000149,248,000172,100,000199,641,000
net assets93,673,00088,832,00069,636,00035,535,00033,245,00022,001,00017,825,00017,536,00019,594,00021,016,00024,777,00032,748,00020,958,00011,975,000
total shareholders funds93,673,00088,832,00069,636,00035,535,00033,245,00022,001,00017,825,00017,536,00019,594,00021,016,00024,777,00032,748,00020,958,00011,975,000
Oct 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit8,094,00011,159,00042,456,00017,544,00016,195,00019,498,00016,809,00019,692,00015,957,00015,235,00011,792,00012,282,00013,758,00015,424,000
Depreciation5,401,0007,135,0006,390,0001,082,000275,0001,749,0001,739,0001,471,000845,0001,011,000976,0001,022,0001,012,0001,055,000
Amortisation289,000348,000290,000144,0000000786,000787,000863,000878,000878,000878,000
Tax-3,436,000-3,964,000-7,567,000-3,281,000-2,379,000-3,279,000103,000-4,533,000-3,183,000-2,909,000-665,0006,262,000-4,016,000-3,912,000
Stock-51,804,000-18,088,00047,427,000570,0003,922,0006,055,000-3,245,000703,0003,271,000744,000-2,935,0001,981,000-4,930,00046,135,000
Debtors-44,066,000-40,330,00071,591,000-90,115,00031,024,0008,301,00011,779,0008,921,00029,762,0002,985,000-26,848,000-7,530,000-17,276,000143,003,000
Creditors-83,199,00010,407,0004,805,000-14,921,00017,117,00015,748,000-6,767,000-582,0005,275,000-702,000-8,809,00013,146,000639,00068,920,000
Accruals and Deferred Income-45,657,000-60,901,000101,927,000-3,428,000-5,386,0005,749,000-1,116,000-4,298,0007,815,0005,042,000-794,000-8,038,000-1,792,00024,837,000
Deferred Taxes & Provisions-3,114,000-93,000606,000-270,000-773,000691,000235,00035,000556,000-10,000-372,000-1,553,000-2,404,0007,753,000
Cash flow from operations-25,752,00022,509,00029,889,00086,415,000-9,897,00025,800,0002,469,0002,161,000-4,982,00014,725,00032,774,00029,548,00030,281,000-74,183,000
Investing Activities
capital expenditure27,972,000-6,390,000-14,948,000-18,550,0004,406,000-2,062,000-1,935,000-1,812,000-5,876,000-910,000-793,000-1,099,000-351,000-19,210,000
Change in Investments00000000000000
cash flow from investments27,972,000-6,390,000-14,948,000-18,550,0004,406,000-2,062,000-1,935,000-1,812,000-5,876,000-910,000-793,000-1,099,000-351,000-19,210,000
Financing Activities
Bank loans000000-318,000176,000142,00000000
Group/Directors Accounts-13,061,000-1,512,000-461,000-82,062,0006,771,000-292,00017,153,00016,774,00030,023,0003,431,000-14,507,000-29,279,000-24,005,00098,106,000
Other Short Term Loans 0-1,051,000-963,0002,014,000000-720,000720,00000000
Long term loans00000000000000
Hire Purchase and Lease Commitments-24,541,000-1,793,0007,491,00021,353,0000-214,000-3,000-120,000337,00000000
other long term liabilities-84,000-58,000-23,00011,00093,000-39,000-405,000539,000000000
share issue490,000649,000646,000-1,285,00024,812,000525,000508,000-15,150,000-12,662,000316,000306,000289,000276,00012,305,000
interest-809,000-1,621,000-1,434,000-3,188,000-2,384,000-2,568,000-2,131,000-2,067,000-1,534,000-1,403,000-1,404,000-809,000-1,035,000-842,000
cash flow from financing-38,005,000-5,386,0005,256,000-63,157,00029,292,000-2,588,00014,804,000-568,00017,026,0002,344,000-15,605,000-29,799,000-24,764,000109,569,000
cash and cash equivalents
cash-36,075,00024,699,00020,113,000-2,590,000-1,283,00010,959,000714,000-219,0004,351,0001,316,000-2,882,000-4,712,0005,187,0005,201,000
overdraft-792,000993,000-84,000202,000-84,000-191,000376,0000-1,817,000157,000-1,258,0002,872,00021,00025,000
change in cash-35,283,00023,706,00020,197,000-2,792,000-1,199,00011,150,000338,000-219,0006,168,0001,159,000-1,624,000-7,584,0005,166,0005,176,000

mediq healthcare uk limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mediq Healthcare Uk Limited Competitor Analysis

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mediq healthcare uk limited Ownership

MEDIQ HEALTHCARE UK LIMITED group structure

Mediq Healthcare Uk Limited has no subsidiary companies.

Ultimate parent company

1 parent

MEDIQ HEALTHCARE UK LIMITED

00062537

MEDIQ HEALTHCARE UK LIMITED Shareholders

mediq holding uk limited 100%

mediq healthcare uk limited directors

Mediq Healthcare Uk Limited currently has 3 directors. The longest serving directors include Mr Richard Greenway (Oct 2011) and Mr Richard Cornwell (Dec 2022).

officercountryagestartendrole
Mr Richard GreenwayEngland54 years Oct 2011- Director
Mr Richard CornwellEngland51 years Dec 2022- Director
Mr Paul Carpenter56 years Apr 2024- Director

P&L

October 2022

turnover

144.4m

-33%

operating profit

8.1m

-27%

gross margin

20.3%

+12.13%

turnover

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

Balance Sheet

October 2022

net assets

93.7m

+0.05%

total assets

140m

-0.54%

cash

24.8m

-0.59%

net assets

Total assets minus all liabilities

mediq healthcare uk limited company details

company number

00062537

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

June 1899

age

125

accounts

Full Accounts

ultimate parent company

previous names

bunzl retail & healthcare supplies limited (June 2023)

bunzl retail supplies limited (September 2007)

incorporated

UK

address

unit 6, delta park industrial es, millmarsh lane, enfield, EN3 7QJ

last accounts submitted

October 2022

mediq healthcare 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 2 charges/mortgages relating to mediq healthcare uk limited. Currently there are 1 open charges and 1 have been satisfied in the past.

charges

mediq healthcare uk limited Companies House Filings - See Documents

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