Michael Franklin(chemists)limited

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michael franklin(chemists)limited Company Information

Company Number

00744346

Next Accounts

Mar 2025

Directors

Kalpesh Patel

Minesh Patel

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Shareholders

sharda kanubhai patel

kalpesh kanubhai patel

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Group Structure

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Industry

Dispensing chemist in specialised stores

Registered Address

elthorne gate 64 high street, pinner, middlesex, HA5 5QA

Website

mfranklin.co.uk

michael franklin(chemists)limited Estimated Valuation

£8.7m

Pomanda estimates the enterprise value of MICHAEL FRANKLIN(CHEMISTS)LIMITED at £8.7m based on Net Assets of £4.2m and 2.09x industry multiple (adjusted for liquidity).

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Michael Franklin(chemists)limited is a live company located in middlesex, HA5 5QA with a Companies House number of 00744346. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in December 1962, it's largest shareholder is sharda kanubhai patel with a 40% stake. Michael Franklin(chemists)limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Michael Franklin(Chemists)Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

6 Regular

3 Weak

Size

annual sales of £12.6m, make it in line with the average company (£11.9m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.5%)

EXPORT

Michael Franklin(Chemists)Limited's latest turnover from June 2023 is £12.6 million and the company has net assets of £4.2 million. According to their latest financial statements, Michael Franklin(Chemists)Limited has 90 employees and maintains cash reserves of £183.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	12,583,817	10,951,557	10,029,466	9,730,010	8,856,520	8,455,308	8,604,318	8,992,531	8,937,606	8,794,807	8,746,431	8,642,583	9,038,353	9,619,027
Other Income Or Grants
Cost Of Sales	8,792,963	7,396,545	6,906,699	6,900,462	5,933,301	5,630,448	5,648,595	5,708,276	5,658,081	6,102,633	6,043,846	6,101,168	6,366,544	6,699,738
Gross Profit	3,790,854	3,555,012	3,122,767	2,829,548	2,923,219	2,824,860	2,955,723	3,284,255	3,279,525	2,692,174	2,702,585	2,541,415	2,671,809	2,919,289
Admin Expenses	3,239,054	2,200,969	2,146,138	2,498,871	2,638,696	2,465,109	2,529,918	2,575,832	2,666,046	1,985,793	2,054,408	2,105,164	1,810,291	2,651,896
Operating Profit	551,800	1,354,043	976,629	330,677	284,523	359,751	425,805	708,423	613,479	706,381	648,177	436,251	861,518	267,393
Interest Payable	120,885	69,104	62,021	65,347	73,673	54,112	58,047	74,995	87,941	90,195	95,997	98,622	83,683	82,687
Interest Receivable	2,960		144	19	80,369	236	1,133	2,580	2,169	2,827	1,707	69	327	556
Pre-Tax Profit	433,875	1,284,939	914,752	265,349	291,219	305,875	368,891	636,008	527,707	619,013	553,887	337,698	778,162	185,262
Tax	-143,816	-272,319	-184,502	-87,941	-79,820	-78,656	-95,451	-463,422	-131,678	-163,909	-153,668	-130,967	-238,042	-83,404
Profit After Tax	290,059	1,012,620	730,250	177,408	211,399	227,219	273,440	172,586	396,029	455,104	400,219	206,731	540,120	101,858
Dividends Paid			25,000	150,000		150,000	150,000	150,000	150,000	150,000	150,000	150,000	137,500	150,000
Retained Profit	290,059	1,012,620	705,250	27,408	211,399	77,219	123,440	22,586	246,029	305,104	250,219	56,731	402,620	-48,142
Employee Costs	2,078,423	1,909,036	1,589,702	1,460,426	1,374,116	1,329,341	1,420,811	1,400,493	1,398,260	1,343,277	1,304,464	1,196,400	1,182,705	1,475,783
Number Of Employees	90	87	83	83	87	82	95	95	94	94	88	67	68	76
EBITDA*	922,475	1,727,219	1,398,977	778,580	703,269	733,771	813,018	1,096,110	970,556	1,061,442	1,018,816	831,540	1,184,703	608,575

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,855,244	1,830,796	1,920,065	1,881,593	1,802,461	1,894,795	1,933,791	1,826,920	1,810,808	1,774,807	1,765,996	1,880,593	1,107,068	1,120,713
Intangible Assets	901,064	1,059,554	1,244,134	1,505,792	1,791,447	813,184	1,037,993	1,269,741	1,503,434	1,746,987	1,990,540	2,234,093	2,490,946	2,747,983
Investments & Other							534,047	534,047	534,047	534,047	534,247	534,247	534,247	534,247
Debtors (Due After 1 year)
Total Fixed Assets	2,756,308	2,890,350	3,164,199	3,387,385	3,593,908	2,707,979	3,505,831	3,630,708	3,848,289	4,055,841	4,290,783	4,648,933	4,132,261	4,402,943
Stock & work in progress	1,362,420	1,100,647	1,040,222	1,246,272	1,263,148	979,610	821,034	646,952	717,044	661,921	602,094	729,249	697,193	734,210
Trade Debtors	2,677,439	1,596,709	1,888,728	1,586,646	1,194,594	686,829	620,597	1,328,564	1,338,954	1,326,237	1,311,763	572,841	1,485,141	1,453,549
Group Debtors														32,025
Misc Debtors	1,857,083	1,600,490	2,247,491	920,277	876,642	1,247,903	774,051	980,677	1,307,200	1,033,880	617,941	119,651	300,309	112,073
Cash	183,128	1,630,336	92,732	407,273	38,003	339,776	508,741	60,262	39,668	63,621	74,304	734,067	56,813	76,581
misc current assets							29,172	24,533
total current assets	6,080,070	5,928,182	5,269,173	4,160,468	3,372,387	3,254,118	2,753,595	3,040,988	3,402,866	3,085,659	2,606,102	2,155,808	2,539,456	2,408,438
total assets	8,836,378	8,818,532	8,433,372	7,547,853	6,966,295	5,962,097	6,259,426	6,671,696	7,251,155	7,141,500	6,896,885	6,804,741	6,671,717	6,811,381
Bank overdraft			101,858		267,556			90,283	491,475	569,918	549,043	278,992	295,639	227,283
Bank loan	52,919	64,392	131,374	390,000	390,000	300,000	300,000	318,461				287,695	584,681	585,163
Trade Creditors	2,079,716	1,972,087	1,653,537	1,922,178	1,455,198	1,416,094	1,367,524	1,324,005	1,297,404	1,341,180	1,317,823	1,259,261	1,378,157	1,478,636
Group/Directors Accounts				459,096	433,315	432,915	473,195	492,738	565,984	520,780	454,299	483,181	464,782	554,841
other short term finances
hp & lease commitments	62,612	63,666	63,675	45,170		23,962	23,962	23,962	23,962
other current liabilities	283,888	584,548	1,231,298	670,569	245,647	179,111	227,794	345,124	274,821	1,611,562	753,940	655,082	626,530	376,507
total current liabilities	2,479,135	2,684,693	3,181,742	3,487,013	2,791,716	2,352,082	2,392,475	2,594,573	2,653,646	4,043,440	3,075,105	2,964,211	3,349,789	3,222,430
loans	2,041,071	2,092,543	2,156,934	1,741,250	2,029,813	1,650,000	1,950,000	2,250,000	2,770,745	1,627,764	1,905,753	2,192,586	1,525,832	2,066,444
hp & lease commitments	46,165	107,743	170,367	119,060		19,963	43,925	67,886	91,848
Accruals and Deferred Income
other liabilities											762,895	737,498	948,636	1,084,578
provisions	115,897	69,502	72,898	54,349	25,993	32,678	42,871	52,522	50,787	31,584	19,524	27,057	20,802	13,891
total long term liabilities	2,203,133	2,269,788	2,400,199	1,914,659	2,055,806	1,702,641	2,036,796	2,370,408	2,913,380	1,659,348	2,688,172	2,957,141	2,495,270	3,164,913
total liabilities	4,682,268	4,954,481	5,581,941	5,401,672	4,847,522	4,054,723	4,429,271	4,964,981	5,567,026	5,702,788	5,763,277	5,921,352	5,845,059	6,387,343
net assets	4,154,110	3,864,051	2,851,431	2,146,181	2,118,773	1,907,374	1,830,155	1,706,715	1,684,129	1,438,712	1,133,608	883,389	826,658	424,038
total shareholders funds	4,154,110	3,864,051	2,851,431	2,146,181	2,118,773	1,907,374	1,830,155	1,706,715	1,684,129	1,438,712	1,133,608	883,389	826,658	424,038

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	551,800	1,354,043	976,629	330,677	284,523	359,751	425,805	708,423	613,479	706,381	648,177	436,251	861,518	267,393
Depreciation	212,185	188,596	160,689	162,248	132,980	149,211	155,465	153,994	113,524	111,508	127,086	138,436	66,148	72,949
Amortisation	158,490	184,580	261,659	285,655	285,766	224,809	231,748	233,693	243,553	243,553	243,553	256,853	257,037	268,233
Tax	-143,816	-272,319	-184,502	-87,941	-79,820	-78,656	-95,451	-463,422	-131,678	-163,909	-153,668	-130,967	-238,042	-83,404
Stock	261,773	60,425	-206,050	-16,876	283,538	158,576	174,082	-70,092	55,123	59,827	-127,155	32,056	-37,017	734,210
Debtors	1,337,323	-939,020	1,629,296	435,687	136,504	540,084	-914,593	-336,913	286,037	430,413	1,237,212	-1,092,958	187,803	1,597,647
Creditors	107,629	318,550	-268,641	466,980	39,104	48,570	43,519	26,601	-43,776	23,357	58,562	-118,896	-100,479	1,478,636
Accruals and Deferred Income	-300,660	-646,750	560,729	424,922	66,536	-48,683	-117,330	70,303	-1,336,741	857,622	98,858	28,552	250,023	376,507
Deferred Taxes & Provisions	46,395	-3,396	18,549	28,356	-6,685	-10,193	-9,651	1,735	19,203	12,060	-7,533	6,255	6,911	13,891
Cash flow from operations	-967,073	2,001,899	101,866	1,192,086	302,362	-53,851	1,374,616	1,138,332	-863,596	1,300,332	-95,022	1,677,386	952,330	62,348
Investing Activities
capital expenditure						-143,665	-264,301	-170,733	-163,545	-119,894	-12,489	-914,714	-49,414	-543,235
Change in Investments						-534,047				-200				534,247
cash flow from investments						390,382	-264,301	-170,733	-163,545	-119,694	-12,489	-914,714	-49,414	-1,077,482
Financing Activities
Bank loans	-11,473	-66,982	-258,626		90,000		-18,461	318,461			-287,695	-296,986	-482	585,163
Group/Directors Accounts			-459,096	25,781	400	-40,280	-19,543	-73,246	45,204	66,481	-28,882	18,399	-90,059	554,841
Other Short Term Loans
Long term loans	-51,472	-64,391	415,684	-288,563	379,813	-300,000	-300,000	-520,745	1,142,981	-277,989	-286,833	666,754	-540,612	2,066,444
Hire Purchase and Lease Commitments	-62,632	-62,633	69,812	164,230	-43,925	-23,962	-23,961	-23,962	115,810
other long term liabilities										-762,895	25,397	-211,138	-135,942	1,084,578
share issue									-612					472,180
interest	-117,925	-69,104	-61,877	-65,328	6,696	-53,876	-56,914	-72,415	-85,772	-87,368	-94,290	-98,553	-83,356	-82,131
cash flow from financing	-243,502	-263,110	-294,103	-163,880	432,984	-418,118	-418,879	-371,907	1,217,611	-1,061,771	-672,303	78,476	-850,451	4,681,075
cash and cash equivalents
cash	-1,447,208	1,537,604	-314,541	369,270	-301,773	-168,965	448,479	20,594	-23,953	-10,683	-659,763	677,254	-19,768	76,581
overdraft		-101,858	101,858	-267,556	267,556		-90,283	-401,192	-78,443	20,875	270,051	-16,647	68,356	227,283
change in cash	-1,447,208	1,639,462	-416,399	636,826	-569,329	-168,965	538,762	421,786	54,490	-31,558	-929,814	693,901	-88,124	-150,702

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MICHAEL FRANKLIN(CHEMISTS)LIMITED group structure

Michael Franklin(Chemists)Limited has 1 subsidiary company.

Ultimate parent company

MICHAEL FRANKLIN(CHEMISTS)LIMITED

00744346

1 subsidiary

S L ANDERSON (CHEMISTS) LIMITED

02972335

MICHAEL FRANKLIN(CHEMISTS)LIMITED Shareholders

sharda kanubhai patel	40%
kalpesh kanubhai patel	20%
chhaya kalpesh patel	20%
minesh kanubhai patel	20%

Michael Franklin(Chemists)Limited currently has 5 directors. The longest serving directors include Mr Kalpesh Patel (Oct 1991) and Mr Minesh Patel (Oct 1991).

officer	country	age	start	end	role
Mr Kalpesh Patel		65 years	Oct 1991	-	Director
Mr Minesh Patel		69 years	Oct 1991	-	Director
Ms Priti Patel		63 years	Mar 2009	-	Director
Ms Chhaya Patel		62 years	Apr 2009	-	Director
Mr Amar Patel	England	33 years	Feb 2018	-	Director

P&L

June 2023

turnover

12.6m

+15%

operating profit

551.8k

-59%

gross margin

30.2%

-7.2%

turnover

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

Balance Sheet

June 2023

net assets

4.2m

+0.08%

total assets

8.8m

cash

183.1k

-0.89%

net assets

Total assets minus all liabilities

Similar Companies

3.5

1.5

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company number

00744346

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

December 1962

ultimate parent company

None

previous names

N/A

address

elthorne gate 64 high street, pinner, middlesex, HA5 5QA

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 30 charges/mortgages relating to michael franklin(chemists)limited. Currently there are 2 open charges and 28 have been satisfied in the past.

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.

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michael franklin(chemists)limited Company Information

michael franklin(chemists)limited Estimated Valuation

michael franklin(chemists)limited Estimated Valuation

michael franklin(chemists)limited Estimated Valuation

Michael Franklin(chemists)limited Overview

Michael Franklin(chemists)limited Health Check

MICHAEL FRANKLIN(CHEMISTS)LIMITED financials

michael franklin(chemists)limited Credit Report and Business Information

Michael Franklin(chemists)limited Competitor Analysis

michael franklin(chemists)limited Ownership

michael franklin(chemists)limited directors

michael franklin(chemists)limited company details

michael franklin(chemists)limited Charges & Mortgages

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