Healthaid Holdings Limited

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healthaid holdings limited Company Information

Company Number

02311837

Next Accounts

Sep 2025

Directors

Rajendra Patel

Dilip Patel

Shareholders

mikesh patel & anika patel anish patel

amal patel & kinal popat

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Group Structure

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Industry

Wholesale of pharmaceutical goods

Registered Address

galla house, 695 high street, north finchley, london, N12 0BT

Website

www.healthaid.co.uk

healthaid holdings limited Estimated Valuation

£116.5m

Pomanda estimates the enterprise value of HEALTHAID HOLDINGS LIMITED at £116.5m based on an EBITDA of £10.3m and a 11.31x industry multiple (adjusted for size and gross margin).

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Healthaid Holdings Limited is a live company located in north finchley, N12 0BT with a Companies House number of 02311837. It operates in the wholesale of pharmaceutical goods sector, SIC Code 46460. Founded in November 1988, it's largest shareholder is mikesh patel & anika patel anish patel with a 49.6% stake. Healthaid Holdings Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Healthaid Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £21.5m, make it in line with the average company (£24.4m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (5.3%)

EXPORT

Healthaid Holdings Limited's latest turnover from December 2023 is £21.5 million and the company has net assets of £13.7 million. According to their latest financial statements, Healthaid Holdings Limited has 90 employees and maintains cash reserves of £4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	21,457,560	21,109,294	21,467,583	24,540,915	18,419,148	18,742,832	17,679,393	16,757,536	16,379,637	15,540,518	12,045,522	10,405,651	9,186,698	8,528,308	8,482,123
Other Income Or Grants
Cost Of Sales	8,679,514	8,873,902	8,810,452	9,648,522	8,128,687	8,406,161	8,486,108	8,045,832	7,862,224	7,982,957	6,160,041	5,481,356	4,892,378	4,558,555	4,762,930
Gross Profit	12,778,046	12,235,392	12,657,131	14,892,393	10,290,461	10,336,671	9,193,285	8,711,704	8,517,413	7,557,561	5,885,481	4,924,295	4,294,320	3,969,753	3,719,193
Admin Expenses	2,566,534	2,176,874	2,102,376	2,171,508	2,264,651	2,846,169	2,666,692	2,699,585	2,654,526	2,273,224	2,613,516	1,841,781	2,072,291	2,385,473	2,514,848
Operating Profit	10,211,512	10,058,518	10,554,755	12,720,885	8,025,810	7,490,502	6,526,593	6,012,119	5,862,887	5,284,337	3,271,965	3,082,514	2,222,029	1,584,280	1,204,345
Interest Payable									179			914
Interest Receivable	200,687	11,957	237	57,282	58,663	20,042	27,601	32,964	57,130	55,542	29,679	22,223	16,906	1,177	3,161
Pre-Tax Profit	10,412,199	10,070,475	10,554,992	12,778,167	8,084,473	7,510,544	6,554,194	6,045,083	5,739,838	5,339,879	3,301,644	3,103,823	2,238,935	1,585,457	1,207,506
Tax	-2,436,371	-1,902,937	-2,001,541	-2,426,740	-1,545,557	-1,436,508	-1,269,254	-1,225,842	-1,161,752	-1,145,484	-772,538	-762,354	-601,911	-447,172	-323,931
Profit After Tax	7,975,828	8,167,538	8,553,451	10,351,427	6,538,916	6,074,036	5,284,940	4,819,241	4,578,086	4,194,395	2,529,106	2,341,469	1,637,024	1,138,285	883,575
Dividends Paid	9,600,000	7,000,000	7,720,000	8,350,000	8,334,000	4,460,000	3,620,000	4,020,000	6,902,000	1,530,000	1,530,000	1,000,000	500,000	500,000	196,000
Retained Profit	-1,624,172	1,167,538	833,451	2,001,427	-1,795,084	1,614,036	1,664,940	799,241	-2,323,914	2,664,395	999,106	1,341,469	1,137,024	638,285	687,575
Employee Costs	2,479,970	2,252,254	2,189,055	2,213,829	1,933,727	1,832,070	1,827,907	1,745,781	1,986,166	1,462,433	1,758,487	1,270,186	1,386,388	1,726,687	1,815,124
Number Of Employees	90	85	88	92	90	88	87	85	85	82	71	70	70	69	69
EBITDA*	10,298,563	10,125,770	10,620,019	12,781,272	8,113,248	7,600,916	6,656,339	6,157,502	5,943,772	5,376,748	3,372,524	3,186,164	2,313,857	1,680,037	1,295,392

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	315,343	192,065	170,729	153,754	215,756	264,304	303,395	350,614	323,688	323,094	344,505	352,998	408,148	338,913	396,531
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	315,343	192,065	170,729	153,754	215,756	264,304	303,395	350,614	323,688	323,094	344,505	352,998	408,148	338,913	396,531
Stock & work in progress	3,943,858	3,853,663	3,937,611	3,575,742	2,993,768	2,639,748	2,618,136	3,035,843	2,372,021	2,801,054	1,968,803	2,287,374	1,707,429	1,328,288	1,532,217
Trade Debtors	6,566,698	7,127,903	6,806,298	7,308,678	4,438,007	6,515,584	6,254,176	4,905,427	4,961,449	4,172,129	3,234,658	3,120,741	2,816,192	3,095,458	3,384,628
Group Debtors
Misc Debtors	210,316	319,480	319,535	431,332	206,401	238,704	239,985	287,387	224,913	273,403	90,427	83,474	115,772	69,277	124,911
Cash	3,981,501	5,982,548	4,576,046	3,821,339	4,461,854	4,455,223	3,424,518	6,019,094	3,148,444	6,048,980	4,684,884	3,407,277	2,864,839	1,701,813	204,695
misc current assets
total current assets	14,702,373	17,283,594	15,639,490	15,137,091	12,100,030	13,849,259	12,536,815	14,247,751	10,706,827	13,295,566	9,978,772	8,898,866	7,504,232	6,194,836	5,246,451
total assets	15,017,716	17,475,659	15,810,219	15,290,845	12,315,786	14,113,563	12,840,210	14,598,365	11,030,515	13,618,660	10,323,277	9,251,864	7,912,380	6,533,749	5,642,982
Bank overdraft
Bank loan
Trade Creditors	512,720	990,891	588,917	737,411	123,486	543,152	707,178	1,088,663	436,404	1,252,663	945,640	912,534	1,012,593	345,031	572,249
Group/Directors Accounts	10,339	193,014									20,914	3,389	34,077	389,552	74,351
other short term finances
hp & lease commitments
other current liabilities	841,531	1,014,456	1,111,542	1,277,125	917,418	500,445	677,102	3,718,712	1,602,362	1,050,334	705,455	683,779	555,017	625,497	460,998
total current liabilities	1,364,590	2,198,361	1,700,459	2,014,536	1,040,904	1,043,597	1,384,280	4,807,375	2,038,766	2,302,997	1,672,009	1,599,702	1,601,687	1,360,080	1,107,598
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	1,364,590	2,198,361	1,700,459	2,014,536	1,040,904	1,043,597	1,384,280	4,807,375	2,038,766	2,302,997	1,672,009	1,599,702	1,601,687	1,360,080	1,107,598
net assets	13,653,126	15,277,298	14,109,760	13,276,309	11,274,882	13,069,966	11,455,930	9,790,990	8,991,749	11,315,663	8,651,268	7,652,162	6,310,693	5,173,669	4,535,384
total shareholders funds	13,653,126	15,277,298	14,109,760	13,276,309	11,274,882	13,069,966	11,455,930	9,790,990	8,991,749	11,315,663	8,651,268	7,652,162	6,310,693	5,173,669	4,535,384

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	10,211,512	10,058,518	10,554,755	12,720,885	8,025,810	7,490,502	6,526,593	6,012,119	5,862,887	5,284,337	3,271,965	3,082,514	2,222,029	1,584,280	1,204,345
Depreciation	87,051	67,252	65,264	60,387	87,438	110,414	129,746	145,383	80,885	92,411	100,559	103,650	91,828	95,757	91,047
Amortisation
Tax	-2,436,371	-1,902,937	-2,001,541	-2,426,740	-1,545,557	-1,436,508	-1,269,254	-1,225,842	-1,161,752	-1,145,484	-772,538	-762,354	-601,911	-447,172	-323,931
Stock	90,195	-83,948	361,869	581,974	354,020	21,612	-417,707	663,822	-429,033	832,251	-318,571	579,945	379,141	-203,929	1,532,217
Debtors	-670,369	321,550	-614,177	3,095,602	-2,109,880	260,127	1,301,347	6,452	740,830	1,120,447	120,870	272,251	-232,771	-344,804	3,509,539
Creditors	-478,171	401,974	-148,494	613,925	-419,666	-164,026	-381,485	652,259	-816,259	307,023	33,106	-100,059	667,562	-227,218	572,249
Accruals and Deferred Income	-172,925	-97,086	-165,583	359,707	416,973	-176,657	-3,041,610	2,116,350	552,028	344,879	21,676	128,762	-70,480	164,499	460,998
Deferred Taxes & Provisions
Cash flow from operations	7,791,270	8,290,119	8,556,709	7,650,588	8,320,858	5,541,986	1,080,350	7,029,995	4,205,992	2,930,468	2,852,469	1,600,317	2,162,658	1,718,879	-3,037,048
Investing Activities
capital expenditure						-76,541	-83,081	-172,978	-83,184	-67,982	-92,265	-52,044	-171,659	-44,497	-131,027
Change in Investments
cash flow from investments						-76,541	-83,081	-172,978	-83,184	-67,982	-92,265	-52,044	-171,659	-44,497	-131,027
Financing Activities
Bank loans
Group/Directors Accounts	-182,675	193,014								-20,914	17,525	-30,688	-355,475	315,201	74,351
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue															3,847,809
interest	200,687	11,957	237	57,282	58,663	20,042	27,601	32,964	56,951	55,542	29,679	21,309	16,906	1,177	3,161
cash flow from financing	18,012	204,971	237	57,282	58,663	20,042	27,601	32,964	56,951	34,628	47,204	-9,379	-338,569	316,378	3,925,321
cash and cash equivalents
cash	-2,001,047	1,406,502	754,707	-640,515	6,631	1,030,705	-2,594,576	2,870,650	-2,900,536	1,364,096	1,277,607	542,438	1,163,026	1,497,118	204,695
overdraft
change in cash	-2,001,047	1,406,502	754,707	-640,515	6,631	1,030,705	-2,594,576	2,870,650	-2,900,536	1,364,096	1,277,607	542,438	1,163,026	1,497,118	204,695

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for healthaid holdings limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in N12 area or any other competitors across 12 key performance metrics.

HEALTHAID HOLDINGS LIMITED group structure

Healthaid Holdings Limited has 3 subsidiary companies.

Ultimate parent company

HEALTHAID HOLDINGS LIMITED

02311837

3 subsidiaries

DAKSEN LTD

12508554

HEALTHAID LIMITED

04718338

HGSALCO LTD

12507943

HEALTHAID HOLDINGS LIMITED Shareholders

mikesh patel & anika patel anish patel	49.6%
amal patel & kinal popat	49.6%
dilip ambalal patel	0.2%
mr rajendra ambalal patel	0.2%
rajendra ambalal patel	0.2%
mr dilip ambalal patel	0.2%

Healthaid Holdings Limited currently has 2 directors. The longest serving directors include Mr Rajendra Patel (Apr 1991) and Mr Dilip Patel (Apr 1991).

officer	country	age	start	end	role
Mr Rajendra Patel		65 years	Apr 1991	-	Director
Mr Dilip Patel		68 years	Apr 1991	-	Director

P&L

December 2023

turnover

21.5m

+2%

operating profit

10.2m

+2%

gross margin

59.6%

+2.74%

turnover

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

Balance Sheet

December 2023

net assets

13.7m

-0.11%

total assets

15m

-0.14%

cash

-0.33%

net assets

Total assets minus all liabilities

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company number

02311837

Type

Private limited with Share Capital

industry

46460 - Wholesale of pharmaceutical goods

incorporation date

November 1988

ultimate parent company

None

previous names

pharmadass limited (October 2010)

pharmadass (health aid) limited (March 1989)

address

galla house, 695 high street, north finchley, london, N12 0BT

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healthaid holdings limited Company Information

healthaid holdings limited Estimated Valuation

healthaid holdings limited Estimated Valuation

healthaid holdings limited Estimated Valuation

Healthaid Holdings Limited Overview

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HEALTHAID HOLDINGS LIMITED financials

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