Morningside (leicester) Limited

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morningside (leicester) limited Company Information

Company Number

02277762

Next Accounts

May 2025

Directors

Tarlaben Gadhia

Danesh Gadhia

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Shareholders

adiuvara limited

Group Structure

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Industry

Dispensing chemist in specialised stores

Registered Address

5 merus court, meridian business park, leicester, LE19 1RJ

Website

www.morningsidepharmacy.co.uk

morningside (leicester) limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of MORNINGSIDE (LEICESTER) LIMITED at £2.1m based on a Turnover of £5.9m and 0.36x industry multiple (adjusted for size and gross margin).

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Morningside (leicester) Limited is a live company located in leicester, LE19 1RJ with a Companies House number of 02277762. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in July 1988, it's largest shareholder is adiuvara limited with a 100% stake. Morningside (leicester) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.9m with low growth in recent years.

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Pomanda's financial health check has awarded Morningside (Leicester) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £5.9m, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7%)

EXPORT

Morningside (Leicester) Limited's latest turnover from August 2023 is £5.9 million and the company has net assets of £397.6 thousand. According to their latest financial statements, Morningside (Leicester) Limited has 75 employees and maintains cash reserves of £560.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	5,889,597	5,748,187	5,475,641	5,288,872	4,910,396	4,968,432	5,487,060	5,663,852	5,974,683	6,482,296	6,092,551	7,068,958	7,685,186	7,934,136	7,562,372
Other Income Or Grants
Cost Of Sales	4,288,228	3,699,673	3,508,849	3,636,952	3,513,829	3,393,601	3,839,295	4,016,145	4,310,276	4,490,431	4,179,089	2,065,259	5,404,559	5,570,253	4,860,070
Gross Profit	1,601,369	2,048,514	1,966,792	1,651,920	1,396,567	1,574,831	1,647,765	1,647,707	1,664,407	1,991,865	1,913,462	5,003,699	2,280,627	2,363,883	2,702,302
Admin Expenses	2,043,211	1,964,216	1,555,070	1,461,094	1,575,148	2,024,805	2,217,817	-4,707,910	-7,866,220	177,983	1,203,011	4,050,113	1,995,884	2,193,081	2,511,891
Operating Profit	-441,842	84,298	411,722	190,826	-178,581	-449,974	-570,052	6,355,617	9,530,627	1,813,882	710,451	953,586	284,743	170,802	190,411
Interest Payable						14,126			9,925	28,414	35,778	35,663	35,721	38,334	86,806
Interest Receivable	1,927	304	151	1,427	1,186	1,091	3,905	21,322	3,239	19	54	12		1	1,882
Pre-Tax Profit	-439,915	84,602	411,873	192,253	-177,395	-448,883	-566,147	6,376,939	9,523,941	1,785,487	674,727	917,933	268,936	132,469	105,487
Tax	45,917	-16,771	-78,256	-27,819	16,659	3,301	275,011	-1,073,686	-1,484,596	-406,601	-225,159	-309,683	-139,660	-92,706	-69,685
Profit After Tax	-393,998	67,831	333,617	164,434	-160,736	-445,582	-291,136	5,303,253	8,039,345	1,378,886	449,568	608,250	129,276	39,763	35,802
Dividends Paid		379,638	135,585	154,911		1,640,000	10,208,165	770,887	290,000	215,000	231,000	168,000	143,000	86,000	58,500
Retained Profit	-393,998	-311,807	198,032	9,523	-160,736	-2,085,582	-10,499,301	4,532,366	7,749,345	1,163,886	218,568	440,250	-13,724	-46,237	-22,698
Employee Costs	1,934,888	1,804,355	1,353,858	1,180,776	1,084,735	1,083,093	1,327,950	1,527,429	1,567,619	1,299,797	1,401,724	1,472,122	1,191,434	1,099,736	1,257,179
Number Of Employees	75	75	60	56	51	57	64	67	61	63	59	56	66	64	53
EBITDA*	-416,442	98,753	430,968	207,655	-157,038	-177,253	-281,699	6,666,230	9,846,752	2,057,056	1,053,277	1,235,961	579,735	233,274	290,675

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	88,596	42,349	54,139	45,138	54,753	48,592	450,277	476,797	518,686	539,068	612,280	604,503	686,307	742,815	796,968
Intangible Assets							255,535	511,069	766,603	1,022,137	1,156,086	1,435,938	1,715,789	1,795,370	2,053,612
Investments & Other								304,525	304,525	554,475	578,055	590,794	603,535	636,950	396,950
Debtors (Due After 1 year)
Total Fixed Assets	88,596	42,349	54,139	45,138	54,753	48,592	705,812	1,292,391	1,589,814	2,115,680	2,346,421	2,631,235	3,005,631	3,175,135	3,247,530
Stock & work in progress	329,400	374,352	339,955	396,321	380,015	434,864	401,617	499,404	524,799	560,204	512,105	429,189	545,905	523,791	489,913
Trade Debtors	4,806	23,218	39,150	116,276	78,618	31,076	31,249	42,685	159,251	207,153	344,589	44,982	190,548	65,301	37,153
Group Debtors	51,098	58,088	2,345	1,581		84,187	28,765	224,895
Misc Debtors	793,565	638,494	1,116,509	926,811	694,536	710,032	3,552,680	3,344,129	2,428,595	914,072	386,968	496,007	944,640	945,437	959,253
Cash	560,234	446,443	555,225	451,279	568,098	507,895	380,872	11,799,276	8,279,097	2,523,260	1,406,210	1,443,536	239,845	9,736	31,969
misc current assets	59						304,525
total current assets	1,739,162	1,540,595	2,053,184	1,892,268	1,721,267	1,768,054	4,699,708	15,910,389	11,391,742	4,204,689	2,649,872	2,413,714	1,920,938	1,544,265	1,518,288
total assets	1,827,758	1,582,944	2,107,323	1,937,406	1,776,020	1,816,646	5,405,520	17,202,780	12,981,556	6,320,369	4,996,293	5,044,949	4,926,569	4,719,400	4,765,818
Bank overdraft											3,087	154	110	22,460	333,685
Bank loan										307,784	306,344	306,344	304,352	297,795	297,795
Trade Creditors	687,764	664,658	731,226	729,115	714,911	631,854	1,013,173	984,880	1,370,491	1,432,740	1,198,493	1,524,596	1,829,037	1,426,047	1,025,071
Group/Directors Accounts	623,342				687				1,075	1,754	5,256	1,023	164	5,032	47,226
other short term finances												46,667	80,000
hp & lease commitments
other current liabilities	119,049	119,896	263,880	296,882	164,569	120,754	39,426	1,362,673	1,283,875	717,300	343,795	414,241	234,889	144,858	107,525
total current liabilities	1,430,155	784,554	995,106	1,025,997	880,167	752,608	1,052,599	2,347,553	2,655,441	2,459,578	1,856,975	2,293,025	2,448,552	1,896,192	1,811,302
loans										813,164	1,131,533	1,441,496	1,770,093	2,242,167	2,336,364
hp & lease commitments
Accruals and Deferred Income
other liabilities										473,555	662,834	175,813
provisions		6,789	8,809	6,033		7,449	10,750	13,755	17,009	14,311	7,971	3,464	17,023	15,039	5,913
total long term liabilities		6,789	8,809	6,033		7,449	10,750	13,755	17,009	1,301,030	1,802,338	1,620,773	1,787,116	2,257,206	2,342,277
total liabilities	1,430,155	791,343	1,003,915	1,032,030	880,167	760,057	1,063,349	2,361,308	2,672,450	3,760,608	3,659,313	3,913,798	4,235,668	4,153,398	4,153,579
net assets	397,603	791,601	1,103,408	905,376	895,853	1,056,589	4,342,171	14,841,472	10,309,106	2,559,761	1,336,980	1,131,151	690,901	566,002	612,239
total shareholders funds	397,603	791,601	1,103,408	905,376	895,853	1,056,589	4,342,171	14,841,472	10,309,106	2,559,761	1,336,980	1,131,151	690,901	566,002	612,239

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-441,842	84,298	411,722	190,826	-178,581	-449,974	-570,052	6,355,617	9,530,627	1,813,882	710,451	953,586	284,743	170,802	190,411
Depreciation	25,400	14,455	19,246	16,829	21,543	17,186	32,819	55,079	60,591	109,225	62,974	2,524	15,141	18,791	56,583
Amortisation						255,535	255,534	255,534	255,534	133,949	279,852	279,851	279,851	43,681	43,681
Tax	45,917	-16,771	-78,256	-27,819	16,659	3,301	275,011	-1,073,686	-1,484,596	-406,601	-225,159	-309,683	-139,660	-92,706	-69,685
Stock	-44,952	34,397	-56,366	16,306	-54,849	33,247	-97,787	-25,395	-35,405	48,099	82,916	-116,716	22,114	33,878	489,913
Debtors	129,669	-438,204	113,336	271,514	-52,141	-2,787,399	985	1,023,863	1,466,621	389,668	190,568	-594,199	124,450	14,332	996,406
Creditors	23,106	-66,568	2,111	14,204	83,057	-381,319	28,293	-385,611	-62,249	234,247	-326,103	-304,441	402,990	400,976	1,025,071
Accruals and Deferred Income	-847	-143,984	-33,002	132,313	43,815	81,328	-1,323,247	78,798	566,575	373,505	-70,446	179,352	90,031	37,333	107,525
Deferred Taxes & Provisions	-6,789	-2,020	2,776	6,033	-7,449	-3,301	-3,005	-3,254	2,698	6,340	4,507	-13,559	1,984	9,126	5,913
Cash flow from operations	-439,772	273,217	267,627	44,566	86,034	2,276,908	-1,207,845	4,284,009	7,437,964	1,826,780	162,592	1,498,545	788,516	539,793	-126,820
Investing Activities
capital expenditure	-71,647	-2,665	-28,247	-7,214	-27,704	384,499	-6,299	-13,190	-40,209	-38,158	-61,189	-41,140	-12,725	-240,395	25,634
Change in Investments							-304,525		-249,950	-23,580	-12,739	-12,741	-33,415	240,000	396,950
cash flow from investments	-71,647	-2,665	-28,247	-7,214	-27,704	384,499	298,226	-13,190	209,741	-14,578	-48,450	-28,399	20,690	-480,395	-371,316
Financing Activities
Bank loans									-307,784	1,440		1,992	6,557		297,795
Group/Directors Accounts	623,342			-687	687			-1,075	-679	-3,502	4,233	859	-4,868	-42,194	47,226
Other Short Term Loans											-46,667	-33,333	80,000
Long term loans									-813,164	-318,369	-309,963	-328,597	-472,074	-94,197	2,336,364
Hire Purchase and Lease Commitments
other long term liabilities									-473,555	-189,279	487,021	175,813
share issue						-1,200,000				58,895	-12,739		138,623		634,937
interest	1,927	304	151	1,427	1,186	-13,035	3,905	21,322	-6,686	-28,395	-35,724	-35,651	-35,721	-38,333	-84,924
cash flow from financing	625,269	304	151	740	1,873	-1,213,035	3,905	20,247	-1,601,868	-479,210	86,161	-218,917	-287,483	-174,724	3,231,398
cash and cash equivalents
cash	113,791	-108,782	103,946	-116,819	60,203	127,023	-11,418,404	3,520,179	5,755,837	1,117,050	-37,326	1,203,691	230,109	-22,233	31,969
overdraft										-3,087	2,933	44	-22,350	-311,225	333,685
change in cash	113,791	-108,782	103,946	-116,819	60,203	127,023	-11,418,404	3,520,179	5,755,837	1,120,137	-40,259	1,203,647	252,459	288,992	-301,716

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORNINGSIDE (LEICESTER) LIMITED group structure

Morningside (Leicester) Limited has no subsidiary companies.

Ultimate parent company

ADIUVARA LIMITED

11142299

1 parent

MORNINGSIDE (LEICESTER) LIMITED

02277762

MORNINGSIDE (LEICESTER) LIMITED Shareholders

adiuvara limited

100%

Morningside (Leicester) Limited currently has 3 directors. The longest serving directors include Mrs Tarlaben Gadhia (May 1991) and Mr Danesh Gadhia (May 1991).

officer	country	age	start	end	role
Mrs Tarlaben Gadhia	England	84 years	May 1991	-	Director
Mr Danesh Gadhia	United Kingdom	59 years	May 1991	-	Director
Mr Sanjay Gadhia	England	46 years	Aug 2001	-	Director

P&L

August 2023

turnover

5.9m

+2%

operating profit

-441.8k

-624%

gross margin

27.2%

-23.7%

turnover

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

Balance Sheet

August 2023

net assets

397.6k

-0.5%

total assets

1.8m

+0.15%

cash

560.2k

+0.25%

net assets

Total assets minus all liabilities

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company number

02277762

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

July 1988

ultimate parent company

ADIUVARA LIMITED

previous names

N/A

address

5 merus court, meridian business park, leicester, LE19 1RJ

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 10 charges/mortgages relating to morningside (leicester) limited. Currently there are 0 open charges and 10 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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morningside (leicester) limited Company Information

morningside (leicester) limited Estimated Valuation

morningside (leicester) limited Estimated Valuation

morningside (leicester) limited Estimated Valuation

Morningside (leicester) Limited Overview

Morningside (leicester) Limited Health Check

MORNINGSIDE (LEICESTER) LIMITED financials

morningside (leicester) limited Credit Report and Business Information

Morningside (leicester) Limited Competitor Analysis

morningside (leicester) limited Ownership

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morningside (leicester) limited company details

morningside (leicester) limited Charges & Mortgages

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morningside (leicester) limited Companies House Filings - See Documents