Meditec International England Limited

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meditec international england limited Company Information

Live

MatureMidRapid

Company Number

02576042

Website

www.meditecengland.co.uk

Registered Address

8 pinner view, harrow, middlesex, HA1 4QA

Industry

Wholesale of pharmaceutical goods

Telephone

02036423808

Next Accounts Due

October 2024

Group Structure

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Directors

Vinod Kohli26 Years

Akhil Kohli26 Years

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Shareholders

vinod kohli & akhil kohli 50.1%

anita kohli 25%

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meditec international england limited Estimated Valuation

£8.5m

Pomanda estimates the enterprise value of MEDITEC INTERNATIONAL ENGLAND LIMITED at £8.5m based on a Turnover of £11.5m and 0.74x industry multiple (adjusted for size and gross margin).

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Meditec International England Limited is a live company located in middlesex, HA1 4QA with a Companies House number of 02576042. It operates in the wholesale of pharmaceutical goods sector, SIC Code 46460. Founded in January 1991, it's largest shareholder is vinod kohli & akhil kohli with a 50.1% stake. Meditec International England Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Meditec International England Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £11.5m, make it smaller than the average company (£24.1m)

Growth

3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (4.9%)

EXPORT

Meditec International England Limited's latest turnover from January 2023 is estimated at £11.5 million and the company has net assets of £3.9 million. According to their latest financial statements, Meditec International England Limited has 4 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	11,490,677	12,703,913	7,541,980	4,406,203	3,988,092	3,426,878	3,116,723	3,923,799	4,233,359	3,648,462	3,094,014	1,334,632	1,100,175	3,398,038
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,833,673	9,651,825	5,741,963	3,373,548	3,041,781	2,643,772	2,315,531	2,873,038	3,116,753	2,707,454	2,370,258	1,035,247	858,667	2,860,613
Gross Profit	2,657,005	3,052,088	1,800,017	1,032,656	946,311	783,106	801,192	1,050,762	1,116,606	941,008	723,756	299,385	241,508	537,425
Admin Expenses	2,094,170	1,930,723	1,012,041	733,869	711,046	559,696	593,277	864,098	970,929	821,391	678,309	166,642	-50,701	337,870
Operating Profit	562,835	1,121,365	787,976	298,787	235,265	223,410	207,915	186,664	145,677	119,617	45,447	132,743	292,209	199,555
Interest Payable	82,010	43,879	48,171	66,911	48,712	15,476	9,226	0	0	0	0	0	14,471	20,764
Interest Receivable	24,626	1,394	538	1,986	1,552	474	78	196	191	664	607	5	6	0
Pre-Tax Profit	505,452	1,078,880	740,343	233,862	188,105	208,407	198,766	186,860	145,868	120,281	46,054	132,747	277,744	178,791
Tax	-96,036	-204,987	-140,665	-44,434	-35,740	-39,597	-39,753	-37,372	-30,632	-27,665	-11,053	-34,514	-77,768	0
Profit After Tax	409,416	873,893	599,678	189,428	152,365	168,810	159,013	149,488	115,236	92,616	35,001	98,233	199,976	178,791
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	409,416	873,893	599,678	189,428	152,365	168,810	159,013	149,488	115,236	92,616	35,001	98,233	199,976	178,791
Employee Costs	268,035	254,308	240,754	228,909	231,680	215,115	202,104	353,575	356,855	332,862	293,029	123,056	120,331	372,533
Number Of Employees	4	4	4	4	4	4	4	8	8	8	7	3	3	8
EBITDA*	692,821	1,159,323	1,103,317	580,252	235,265	463,484	207,915	383,907	337,945	307,650	202,132	258,714	392,193	277,080

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	448,962	341,618	636,181	637,481	671,361	761,738	846,937	798,088	945,581	1,095,499	970,054	819,599	685,705	561,098
Intangible Assets	0	0	0	101,061	101,061	101,061	101,061	101,061	101,061	101,061	101,061	101,061	101,061	101,061
Investments & Other	0	0	0	0	461,738	461,738	461,738	422,624	357,669	357,669	0	135,700	122,900	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	448,962	341,618	636,181	738,542	1,234,160	1,324,537	1,409,736	1,321,773	1,404,311	1,554,229	1,071,115	1,056,360	909,666	662,159
Stock & work in progress	215,500	265,065	1,188,350	779,880	679,245	589,545	562,935	535,235	498,425	395,675	322,950	285,760	259,950	233,675
Trade Debtors	4,150,624	4,106,396	1,783,605	1,138,796	1,041,915	845,297	846,731	912,554	837,426	789,747	650,321	237,930	170,887	115,595
Group Debtors	2,059	2,046	1,386	2,034	1,430	2,315	3,482	0	0	0	0	0	0	0
Misc Debtors	0	0	0	145,475	64,093	17,984	26,372	0	0	0	0	0	0	0
Cash	1,099,439	307,784	807,352	267,764	261,717	152,143	37,270	24,764	53,615	22,872	242,690	0	1,860	500
misc current assets	0	0	0	0	0	0	0	0	0	0	206,995	0	3,013	107,900
total current assets	5,467,622	4,681,291	3,780,693	2,333,949	2,048,400	1,607,284	1,476,790	1,472,553	1,389,466	1,208,294	1,422,956	523,690	435,710	457,670
total assets	5,916,584	5,022,909	4,416,874	3,072,491	3,282,560	2,931,821	2,886,526	2,794,326	2,793,777	2,762,523	2,494,071	1,580,050	1,345,376	1,119,829
Bank overdraft	0	0	90,000	90,000	156,667	114,286	114,286	0	0	0	0	0	0	18,636
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	768,564	958,665	898,164	331,261	189,268	207,742	148,594	228,413	438,890	296,894	183,567	47,332	41,136	21,162
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	92,977	55,284	69,380	30,593	29,888	27,462	26,622	0	0	0	0	0	0	23,116
total current liabilities	861,541	1,013,949	1,057,544	451,854	375,823	349,490	289,502	228,413	438,890	296,894	183,567	47,332	41,136	62,914
loans	1,181,593	544,926	769,189	630,174	1,105,702	66,666	180,952	0	0	0	0	0	0	426,618
hp & lease commitments	0	0	0	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	0	0	866,995	936,212	1,245,066	1,183,528	1,409,506	1,346,997	604,212	473,967	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,181,593	544,926	769,189	630,174	1,105,702	933,661	1,117,164	1,245,066	1,183,528	1,409,506	1,346,997	604,212	473,967	426,618
total liabilities	2,043,134	1,558,875	1,826,733	1,082,028	1,481,525	1,283,151	1,406,666	1,473,479	1,622,418	1,706,400	1,530,564	651,544	515,103	489,532
net assets	3,873,450	3,464,034	2,590,141	1,990,463	1,801,035	1,648,670	1,479,860	1,320,847	1,171,359	1,056,123	963,507	928,506	830,273	630,297
total shareholders funds	3,873,450	3,464,034	2,590,141	1,990,463	1,801,035	1,648,670	1,479,860	1,320,847	1,171,359	1,056,123	963,507	928,506	830,273	630,297

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	562,835	1,121,365	787,976	298,787	235,265	223,410	207,915	186,664	145,677	119,617	45,447	132,743	292,209	199,555
Depreciation	129,986	37,958	315,341	281,465	0	240,074	0	197,243	192,268	188,033	156,685	125,971	99,984	77,525
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-96,036	-204,987	-140,665	-44,434	-35,740	-39,597	-39,753	-37,372	-30,632	-27,665	-11,053	-34,514	-77,768	0
Stock	-49,565	-923,285	408,470	100,635	89,700	26,610	27,700	36,810	102,750	72,725	37,190	25,810	26,275	233,675
Debtors	44,241	2,323,451	498,686	178,867	241,842	-10,989	-35,969	75,128	47,679	139,426	412,391	67,043	55,292	115,595
Creditors	-190,101	60,501	566,903	141,993	-18,474	59,148	-79,819	-210,477	141,996	113,327	136,235	6,196	19,974	21,162
Accruals and Deferred Income	37,693	-14,096	38,787	705	2,426	840	26,622	0	0	0	0	0	-23,116	23,116
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	449,701	-399,425	661,186	399,014	-148,065	468,254	123,234	24,120	298,880	181,161	-122,267	137,543	229,716	-27,912
Investing Activities
capital expenditure	-237,330	256,605	-212,980	-247,585	90,377	-154,875	-48,849	-49,750	-42,350	-313,478	-307,140	-259,865	-224,591	-739,684
Change in Investments	0	0	0	-461,738	0	0	39,114	64,955	0	357,669	-135,700	12,800	122,900	0
cash flow from investments	-237,330	256,605	-212,980	214,153	90,377	-154,875	-87,963	-114,705	-42,350	-671,147	-171,440	-272,665	-347,491	-739,684
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	636,667	-224,263	139,015	-475,528	1,039,036	-114,286	180,952	0	0	0	0	0	-426,618	426,618
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-866,995	-69,217	-308,854	61,538	-225,978	62,509	742,785	130,245	473,967	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	451,506
interest	-57,384	-42,485	-47,633	-64,925	-47,160	-15,002	-9,148	196	191	664	607	5	-14,465	-20,764
cash flow from financing	579,283	-266,748	91,382	-540,453	124,881	-198,505	-137,050	61,734	-225,787	63,173	743,392	130,250	32,884	857,360
cash and cash equivalents
cash	791,655	-499,568	539,588	6,047	109,574	114,873	12,506	-28,851	30,743	-219,818	242,690	-1,860	1,360	500
overdraft	0	-90,000	0	-66,667	42,381	0	114,286	0	0	0	0	0	-18,636	18,636
change in cash	791,655	-409,568	539,588	72,714	67,193	114,873	-101,780	-28,851	30,743	-219,818	242,690	-1,860	19,996	-18,136

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEDITEC INTERNATIONAL ENGLAND LIMITED group structure

Meditec International England Limited has no subsidiary companies.

Ultimate parent company

MEDITEC INTERNATIONAL ENGLAND LIMITED

02576042

MEDITEC INTERNATIONAL ENGLAND LIMITED Shareholders

vinod kohli & akhil kohli	50.1%
anita kohli	24.95%
aditya kohli	24.95%

Meditec International England Limited currently has 4 directors. The longest serving directors include Mr Vinod Kohli (Jul 1997) and Mr Akhil Kohli (Jul 1997).

officer	country	age	start	end	role
Mr Vinod Kohli	United Kingdom	78 years	Jul 1997	-	Director
Mr Akhil Kohli	United Kingdom	46 years	Jul 1997	-	Director
Mr Aditya Kohli	England	44 years	Jan 2001	-	Director
Mrs Anita Kohli	United Kingdom	74 years	Jan 2001	-	Director

P&L

January 2023

turnover

11.5m

-10%

operating profit

562.8k

gross margin

23.2%

-3.75%

turnover

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

Balance Sheet

January 2023

net assets

3.9m

+0.12%

total assets

5.9m

+0.18%

cash

1.1m

+2.57%

net assets

Total assets minus all liabilities

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company number

02576042

Type

Private limited with Share Capital

industry

46460 - Wholesale of pharmaceutical goods

incorporation date

January 1991

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

8 pinner view, harrow, middlesex, HA1 4QA

last accounts submitted

January 2023

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 meditec international england limited. Currently there are 1 open charges and 0 have been satisfied in the past.

meditec international england limited Company Information

meditec international england limited Estimated Valuation

meditec international england limited Estimated Valuation

meditec international england limited Estimated Valuation

Meditec International England Limited Overview

Meditec International England Limited Health Check

MEDITEC INTERNATIONAL ENGLAND LIMITED financials

meditec international england limited Credit Report and Business Information

Meditec International England Limited Competitor Analysis

meditec international england limited Ownership

meditec international england limited directors

meditec international england limited company details

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