Midland Medical Services Limited

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midland medical services limited Company Information

Live

MatureSmallDeclining

Company Number

02127541

Website

www.midlandmedicalservices.co.uk

Registered Address

business park, unit 8, cleton street, tipton, DY4 7TR

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01215613090

Next Accounts Due

June 2024

Group Structure

View All

Directors

John Wolczek33 Years

Keith Merrick26 Years

Shareholders

medical systems international ltd 100%

midland medical services limited Estimated Valuation

£1m - £5.5m

The estimated valuation range for midland medical services limited, derived from financial data as of September 2022 and the most recent industry multiples, is between £1m to £5.5m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Midland Medical Services Limited AI Business Plan

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Midland Medical Services Limited is a live company located in tipton, DY4 7TR with a Companies House number of 02127541. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in May 1987, it's largest shareholder is medical systems international ltd with a 100% stake. Midland Medical Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Midland Medical Services Limited a 4.5 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 Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £2.5m, make it smaller than the average company (£5.6m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (3.2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDLAND MEDICAL SERVICES LIMITED group structure

Midland Medical Services Limited has no subsidiary companies.

Ultimate parent company

MEDICAL SYSTEMS INTERNATIONAL LIMITED

03143338

1 parent

MIDLAND MEDICAL SERVICES LIMITED

02127541

MIDLAND MEDICAL SERVICES LIMITED Shareholders

medical systems international ltd

100%

Midland Medical Services Limited currently has 2 directors. The longest serving directors include Mr John Wolczek (Jan 1991) and Mr Keith Merrick (Jun 1997).

officer	country	age	start	end	role
Mr John Wolczek	United Kingdom	65 years	Jan 1991	-	Director
Mr Keith Merrick	United Kingdom	69 years	Jun 1997	-	Director

EXPORT

Midland Medical Services Limited's latest turnover from September 2022 is estimated at £2.5 million and the company has net assets of £2.1 million. According to their latest financial statements, Midland Medical Services Limited has 27 employees and maintains cash reserves of £156 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	2,514,324	2,374,539	2,689,239	4,369,961	4,360,466	4,622,813	3,357,231	4,032,802	5,151,460	3,953,852	4,697,658	4,386,864	5,691,825	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,905,988	1,831,327	2,063,763	3,301,079	3,273,188	3,441,271	2,480,590	3,036,807	3,898,615	2,924,602	3,427,372	3,152,074	3,984,771	0
Gross Profit	608,335	543,212	625,476	1,068,882	1,087,278	1,181,542	876,642	995,994	1,252,846	1,029,250	1,270,286	1,234,791	1,707,055	0
Admin Expenses	321,364	96,511	71,728	988,260	1,066,632	1,243,032	660,231	1,038,399	1,139,454	996,882	1,155,174	1,170,589	1,269,835	-450,070
Operating Profit	286,971	446,701	553,748	80,622	20,646	-61,490	216,411	-42,405	113,392	32,368	115,112	64,202	437,220	450,070
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,440	298	400	2,369	1,036	370	581	1,084	857	654	524	598	911	599
Pre-Tax Profit	291,411	446,999	554,148	82,990	21,681	-61,120	216,991	-41,321	114,249	33,022	115,637	64,800	438,132	450,668
Tax	-55,368	-84,930	-105,288	-15,768	-4,119	0	-43,398	0	-23,992	-7,595	-27,753	-16,848	-122,677	-126,187
Profit After Tax	236,043	362,069	448,860	67,222	17,562	-61,120	173,593	-41,321	90,257	25,427	87,884	47,952	315,455	324,481
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	236,043	362,069	448,860	67,222	17,562	-61,120	173,593	-41,321	90,257	25,427	87,884	47,952	315,455	324,481
Employee Costs	1,163,476	1,095,502	1,097,222	1,188,438	1,088,465	1,158,371	790,152	947,718	1,202,978	962,544	1,174,654	1,207,454	1,565,550	0
Number Of Employees	27	26	26	28	26	29	20	24	32	26	32	34	45	0
EBITDA*	334,723	491,094	618,643	125,856	56,865	-41,959	232,312	-22,861	141,085	60,421	148,462	108,446	477,698	450,070

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	195,342	165,188	202,976	189,431	168,825	163,177	89,138	104,617	124,160	114,496	133,970	170,326	205,079	135,132
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	195,342	165,188	202,976	189,431	168,825	163,177	89,138	104,617	124,160	114,496	133,970	170,326	205,079	135,132
Stock & work in progress	19,197	17,084	44,367	36,973	30,634	139,071	117,964	138,804	127,877	111,919	114,142	137,605	101,749	103,652
Trade Debtors	224,923	330,274	424,413	973,692	1,164,188	1,030,321	728,724	829,604	1,107,032	864,268	1,006,088	891,823	1,095,556	702,527
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,311,221	1,725,988	1,057,190	0	57,056	78,935	352,138	0	0	0	0	0	0	0
Cash	155,983	238,699	357,180	443,092	188,510	87,704	208,038	256,369	177,421	165,500	95,951	113,842	125,170	239,412
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,711,324	2,312,045	1,883,150	1,453,757	1,440,388	1,336,031	1,406,864	1,224,777	1,412,330	1,141,687	1,216,181	1,143,270	1,322,475	1,045,591
total assets	2,906,666	2,477,233	2,086,126	1,643,188	1,609,213	1,499,208	1,496,002	1,329,394	1,536,490	1,256,183	1,350,151	1,313,596	1,527,554	1,180,723
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	429,030	356,717	300,214	468,815	254,764	432,048	298,210	455,495	612,701	440,618	558,961	591,832	811,416	817,661
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	269,793	206,769	182,635	0	346,937	77,210	161,164	0	0	0	0	0	0	0
total current liabilities	698,823	563,486	482,849	468,815	601,701	509,258	459,374	455,495	612,701	440,618	558,961	591,832	811,416	817,661
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	74,306	21,699	73,298	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	93,254	0	0	0	8,968	16,557	0	0	12,115	48,974	21,620
provisions	39,077	33,631	33,631	33,631	27,246	27,246	12,804	14,700	15,680	14,270	15,322	21,665	27,132	16,865
total long term liabilities	113,383	55,330	106,929	126,885	27,246	27,246	12,804	23,668	32,237	14,270	15,322	33,780	76,106	38,485
total liabilities	812,206	618,816	589,778	595,700	628,947	536,504	472,178	479,163	644,938	454,888	574,283	625,612	887,522	856,146
net assets	2,094,460	1,858,417	1,496,348	1,047,488	980,266	962,704	1,023,824	850,231	891,552	801,295	775,868	687,984	640,032	324,577
total shareholders funds	2,094,460	1,858,417	1,496,348	1,047,488	980,266	962,704	1,023,824	850,231	891,552	801,295	775,868	687,984	640,032	324,577

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	286,971	446,701	553,748	80,622	20,646	-61,490	216,411	-42,405	113,392	32,368	115,112	64,202	437,220	450,070
Depreciation	47,752	44,393	64,895	45,234	36,219	19,531	15,901	19,544	27,693	28,053	33,350	44,244	40,478	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-55,368	-84,930	-105,288	-15,768	-4,119	0	-43,398	0	-23,992	-7,595	-27,753	-16,848	-122,677	-126,187
Stock	2,113	-27,283	7,394	6,339	-108,437	21,107	-20,840	10,927	15,958	-2,223	-23,463	35,856	-1,903	103,652
Debtors	479,882	574,659	507,911	-247,552	111,988	28,394	251,258	-277,428	242,764	-141,820	114,265	-203,733	393,029	702,527
Creditors	72,313	56,503	-168,601	214,051	-177,284	133,838	-157,285	-157,206	172,083	-118,343	-32,871	-219,584	-6,245	817,661
Accruals and Deferred Income	63,024	24,134	182,635	-346,937	269,727	-83,954	161,164	0	0	0	0	0	0	0
Deferred Taxes & Provisions	5,446	0	0	6,385	0	14,442	-1,896	-980	1,410	-1,052	-6,343	-5,467	10,267	16,865
Cash flow from operations	-61,857	-60,575	12,084	224,800	141,638	-27,134	-39,521	85,454	31,864	77,474	-9,307	34,424	-32,083	352,230
Investing Activities
capital expenditure	-77,906	-6,605	-78,440	-65,840	-41,867	-93,570	-422	-1	-37,357	-8,579	3,006	-9,491	-110,425	-135,132
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-77,906	-6,605	-78,440	-65,840	-41,867	-93,570	-422	-1	-37,357	-8,579	3,006	-9,491	-110,425	-135,132
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	52,607	-51,599	73,298	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-93,254	93,254	0	0	-8,968	-7,589	16,557	0	-12,115	-36,859	27,354	21,620
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	96
interest	4,440	298	400	2,369	1,036	370	581	1,084	857	654	524	598	911	599
cash flow from financing	57,047	-51,301	-19,556	95,623	1,036	370	-8,387	-6,505	17,414	654	-11,591	-36,261	28,265	22,315
cash and cash equivalents
cash	-82,716	-118,481	-85,912	254,582	100,806	-120,334	-48,331	78,948	11,921	69,549	-17,891	-11,328	-114,242	239,412
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-82,716	-118,481	-85,912	254,582	100,806	-120,334	-48,331	78,948	11,921	69,549	-17,891	-11,328	-114,242	239,412

P&L

September 2022

turnover

2.5m

+6%

operating profit

287k

gross margin

24.2%

+5.76%

turnover

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

Balance Sheet

September 2022

net assets

2.1m

+0.13%

total assets

2.9m

+0.17%

cash

156k

-0.35%

net assets

Total assets minus all liabilities

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company number

02127541

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

May 1987

age

accounts

Total Exemption Full

ultimate parent company

MEDICAL SYSTEMS INTERNATIONAL LIMITED

previous names

N/A

incorporated

address

business park, unit 8, cleton street, tipton, DY4 7TR

last accounts submitted

September 2022

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 1 charges/mortgages relating to midland medical services limited. Currently there are 1 open charges and 0 have been satisfied in the past.

midland medical services limited Company Information

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midland medical services limited Estimated Valuation

midland medical services limited Estimated Valuation

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