institute of medical ethics

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institute of medical ethics Company Information

Share INSTITUTE OF MEDICAL ETHICS

Company Number

00985158

Directors

Bryan Vernon

Wing Kong

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Shareholders

-

Group Structure

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Industry

Other research and experimental development on natural sciences and engineering

 +1

Registered Address

unit 10 42-44 bridge street, westway house, newton-le-willows, WA12 9QT

institute of medical ethics Estimated Valuation

£265.4k

Pomanda estimates the enterprise value of INSTITUTE OF MEDICAL ETHICS at £265.4k based on a Turnover of £325.1k and 0.82x industry multiple (adjusted for size and gross margin).

institute of medical ethics Estimated Valuation

£104.7k

Pomanda estimates the enterprise value of INSTITUTE OF MEDICAL ETHICS at £104.7k based on an EBITDA of £26.2k and a 4x industry multiple (adjusted for size and gross margin).

institute of medical ethics Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of INSTITUTE OF MEDICAL ETHICS at £2.4m based on Net Assets of £1.1m and 2.18x industry multiple (adjusted for liquidity).

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Institute Of Medical Ethics Overview

Institute Of Medical Ethics is a live company located in newton-le-willows, WA12 9QT with a Companies House number of 00985158. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in July 1970, it's largest shareholder is unknown. Institute Of Medical Ethics is a mature, micro sized company, Pomanda has estimated its turnover at £325.1k with healthy growth in recent years.

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Institute Of Medical Ethics Health Check

Pomanda's financial health check has awarded Institute Of Medical Ethics a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £325.1k, make it smaller than the average company (£2.6m)

£325.1k - Institute Of Medical Ethics

£2.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5.7%)

9% - Institute Of Medical Ethics

5.7% - Industry AVG

production

Production

with a gross margin of 58.8%, this company has a comparable cost of product (58.8%)

58.8% - Institute Of Medical Ethics

58.8% - Industry AVG

profitability

Profitability

an operating margin of 7.6% make it more profitable than the average company (2.9%)

7.6% - Institute Of Medical Ethics

2.9% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (29)

3 - Institute Of Medical Ethics

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £23.8k, the company has a lower pay structure (£56.1k)

£23.8k - Institute Of Medical Ethics

£56.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £108.4k, this is equally as efficient (£117.5k)

£108.4k - Institute Of Medical Ethics

£117.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 344 days, this is later than average (39 days)

344 days - Institute Of Medical Ethics

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 21 days, this is quicker than average (37 days)

21 days - Institute Of Medical Ethics

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Institute Of Medical Ethics

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1395 weeks, this is more cash available to meet short term requirements (66 weeks)

1395 weeks - Institute Of Medical Ethics

66 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 1.2%, this is a lower level of debt than the average (35.6%)

1.2% - Institute Of Medical Ethics

35.6% - Industry AVG

INSTITUTE OF MEDICAL ETHICS financials

EXPORTms excel logo

Institute Of Medical Ethics's latest turnover from December 2023 is £325.1 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Institute Of Medical Ethics has 3 employees and maintains cash reserves of £360 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover325,128260,009388,432252,507285,680320,463272,188227,906182,051151,609141,664161,279150,27896,27187,491
Other Income Or Grants
Cost Of Sales133,970102,769153,770107,201122,072137,787116,32396,27480,08274,37270,38475,25770,62546,02069,993
Gross Profit191,158157,240234,662145,306163,608182,676155,865131,632101,96977,23771,28086,02279,65350,25117,498
Admin Expenses166,610192,761-52,16954,145116,873175,65599,62756,40167,47558,10152,671-34,214-40,1342,268-27,187
Operating Profit24,548-35,521286,83191,16146,7357,02156,23875,23134,49419,13618,609120,236119,78747,98344,685
Interest Payable
Interest Receivable
Pre-Tax Profit33,287-21,795233,02274,05439,6938,35047,51861,08229,26616,67215,79592,64589,65835,42832,590
Tax
Profit After Tax33,287-21,795233,02274,05439,6938,35047,51861,08229,26616,67215,79592,64589,65835,42832,590
Dividends Paid
Retained Profit33,287-21,795233,02274,05439,6938,35047,51861,08229,26616,67215,79592,64589,65835,42832,590
Employee Costs71,48586,10881,07269,42867,61767,88264,74662,33260,41361,86044,48484,23483,267
Number Of Employees33322222222222
EBITDA*26,150-34,246287,90492,09948,1488,10357,66776,96036,65021,72420,000120,236119,78747,98344,685

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets5,4064,1083,5944,1884,0693,1094,1915,6216,5118,4969,734
Intangible Assets
Investments & Other407,422414,121429,046339,326320,052161,54647,53845,18043,01342,60742,52138,48434,88937,13235,293
Debtors (Due After 1 year)
Total Fixed Assets412,828418,229432,640343,514324,121164,65551,72950,80149,52451,10352,25538,48434,88937,13235,293
Stock & work in progress
Trade Debtors307,255243,928253,565224,925224,927
Group Debtors
Misc Debtors33,80231,53137,2019,1695,664214,782188,660186,599146,366140,678134,921141,057131,43478,47568,531
Cash359,996395,602388,735291,498236,373368,632508,048462,282435,017400,457386,834374,638291,315257,516231,402
misc current assets
total current assets701,053671,061679,501525,592466,964583,414696,708648,881581,383541,135521,755515,695422,749335,991299,933
total assets1,113,8811,089,2901,112,141869,106791,085748,069748,437699,682630,907592,238574,010554,179457,638373,123335,226
Bank overdraft
Bank loan
Trade Creditors 7,9155,26611,6575,6336,7693,0026,9396,1563,478
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities5,49516,84011,5057,5162,4132,9499,73011,6368,7883,2691,8001,8001,4994,3993,769
total current liabilities13,41022,10623,16213,1499,1825,95116,66917,79212,2663,2691,8001,8001,4994,3993,769
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities13,41022,10623,16213,1499,1825,95116,66917,79212,2663,2691,8001,8001,4994,3993,769
net assets1,100,4711,067,1841,088,979855,957781,903742,118731,768681,890618,641588,969572,210552,379456,139368,724331,457
total shareholders funds1,100,4711,067,1841,088,979855,957781,903742,118731,768681,890618,641588,969572,210552,379456,139368,724331,457
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit24,548-35,521286,83191,16146,7357,02156,23875,23134,49419,13618,609120,236119,78747,98344,685
Depreciation1,6021,2751,0739381,4131,0821,4291,7292,1562,5881,391
Amortisation
Tax
Stock
Debtors65,598-15,30756,6723,50315,80926,1222,06140,2335,6885,757-6,1369,62352,9599,94468,531
Creditors2,649-6,3916,024-1,1363,767-3,9377832,6783,478
Accruals and Deferred Income-11,3455,3353,9895,103-536-6,781-1,9062,8485,5191,469301-2,9006303,769
Deferred Taxes & Provisions
Cash flow from operations-48,144-19,995241,24592,56335,570-28,73754,48342,25339,95917,43626,136110,91463,92838,669-20,077
Investing Activities
capital expenditure-2,900-1,789-479-1,057-2,3731-839-171-1,350-11,125
Change in Investments-6,699-14,92589,72019,274158,506114,0082,3582,167406864,0373,595-2,2431,83935,293
cash flow from investments3,79913,136-90,199-20,331-160,879-114,008-2,357-3,006-577-1,436-15,162-3,5952,243-1,839-35,293
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue922,0002,3602,167406874,0363,595-2,2431,839298,867
interest
cash flow from financing922,0002,3602,167406874,0363,595-2,2431,839298,867
cash and cash equivalents
cash-35,6066,86797,23755,125-132,259-139,41645,76627,26534,56013,62312,19683,32333,79926,114231,402
overdraft
change in cash-35,6066,86797,23755,125-132,259-139,41645,76627,26534,56013,62312,19683,32333,79926,114231,402

institute of medical ethics 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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Institute Of Medical Ethics Competitor Analysis

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Perform a competitor analysis for institute of medical ethics by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in WA12 area or any other competitors across 12 key performance metrics.

institute of medical ethics Ownership

INSTITUTE OF MEDICAL ETHICS group structure

Institute Of Medical Ethics has no subsidiary companies.

Ultimate parent company

INSTITUTE OF MEDICAL ETHICS

00985158

INSTITUTE OF MEDICAL ETHICS Shareholders

--

institute of medical ethics directors

Institute Of Medical Ethics currently has 16 directors. The longest serving directors include Mr Bryan Vernon (Sep 2006) and Dr Wing Kong (Apr 2008).

officercountryagestartendrole
Mr Bryan Vernon74 years Sep 2006- Director
Dr Wing Kong57 years Apr 2008- Director
Dr Carwyn HooperEngland44 years May 2013- Director
Dr Ruth BromleyEngland50 years Sep 2014- Director
Dr Lucy FrithEngland60 years Jun 2015- Director
Ms Georgia TestaEngland63 years Jun 2015- Director
Dr Alexis PatonEngland40 years Sep 2019- Director
Ms Chantal PatelEngland69 years Sep 2019- Director
Mr Christopher WhitehouseEngland63 years Sep 2021- Director
Mr Christopher WhitehouseEngland63 years Sep 2021- Director

P&L

December 2023

turnover

325.1k

+25%

operating profit

24.5k

0%

gross margin

58.8%

-2.78%

turnover

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

Balance Sheet

December 2023

net assets

1.1m

+0.03%

total assets

1.1m

+0.02%

cash

360k

-0.09%

net assets

Total assets minus all liabilities

institute of medical ethics company details

company number

00985158

Type

Private Ltd By Guarantee w/o Share Cap

industry

72190 - Other research and experimental development on natural sciences and engineering

94120 - Activities of professional membership organisations

incorporation date

July 1970

age

55

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

society for the study of medical ethics (August 1984)

accountant

JENNIFER DANIEL

auditor

-

address

unit 10 42-44 bridge street, westway house, newton-le-willows, WA12 9QT

Bank

CAF BANK LIMITED

Legal Advisor

-

institute of medical ethics 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 institute of medical ethics.

institute of medical ethics 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.

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institute of medical ethics Companies House Filings - See Documents

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