Prestige Medical Limited

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prestige medical limited Company Information

Live

MatureSmallDeclining

Company Number

02826793

Website

www.prestigemedical.co.uk

Registered Address

east house duttons way, shadsworth business park, blackburn, BB1 2QR

Industry

Manufacture of medical and dental instruments and supplies

Telephone

01254682622

Next Accounts Due

September 2025

Group Structure

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Directors

John Potter6 Years

Nir Kinory2 Years

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Shareholders

tuttnauer ltd 100%

prestige medical limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of PRESTIGE MEDICAL LIMITED at £3.1m based on a Turnover of £3.4m and 0.93x industry multiple (adjusted for size and gross margin).

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Prestige Medical Limited is a live company located in blackburn, BB1 2QR with a Companies House number of 02826793. It operates in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in June 1993, it's largest shareholder is tuttnauer ltd with a 100% stake. Prestige Medical Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Prestige Medical Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£14.7m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (5.5%)

EXPORT

Prestige Medical Limited's latest turnover from December 2023 is estimated at £3.4 million and the company has net assets of -£1.4 million. According to their latest financial statements, Prestige Medical Limited has 39 employees and maintains cash reserves of £94.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	3,388,535	3,959,880	3,623,993	3,597,581	4,065,067	3,574,098	3,921,908	3,809,342	3,922,060	4,034,249	4,662,020	4,742,297	5,515,014	5,861,809	4,706,323
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,154,693	2,445,318	2,257,009	1,954,249	2,496,625	2,228,803	2,365,373	2,317,797	2,432,856	2,663,647	2,899,871	3,078,636	3,302,493	3,599,687	3,104,062
Gross Profit	1,233,842	1,514,561	1,366,984	1,643,332	1,568,442	1,345,295	1,556,535	1,491,545	1,489,204	1,370,602	1,762,149	1,663,661	2,212,521	2,262,122	1,602,261
Admin Expenses	1,893,108	1,963,463	1,508,225	1,516,909	1,445,160	1,329,293	1,406,655	1,216,110	1,295,920	1,445,661	2,145,666	2,109,633	2,303,092	2,170,267	1,872,500
Operating Profit	-659,266	-448,902	-141,241	126,423	123,282	16,002	149,880	275,435	193,284	-75,059	-383,517	-445,972	-90,571	91,855	-270,239
Interest Payable	0	0	4,902	29,275	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,801	4,027	336	0	0	0	0	1,288	0	0	0	0	4,984	5,241	44,236
Pre-Tax Profit	-655,465	-444,875	-145,807	97,148	123,282	16,002	149,880	276,723	163,402	-89,556	-390,530	-492,355	-61,845	104,019	-226,003
Tax	0	0	0	114,000	-115,716	-192,308	-80,544	464,568	0	0	0	0	0	0	0
Profit After Tax	-655,465	-444,875	-145,807	211,148	7,566	-176,306	69,336	741,291	163,402	-89,556	-390,530	-492,355	-61,845	104,019	-226,003
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-655,465	-444,875	-145,807	211,148	7,566	-176,306	69,336	741,291	163,402	-89,556	-390,530	-492,355	-61,845	104,019	-226,003
Employee Costs	1,804,634	1,763,963	1,648,207	2,116,482	2,073,962	1,864,085	659,141	682,372	1,484,081	1,603,842	1,794,976	1,960,600	2,035,655	1,981,742	1,823,589
Number Of Employees	39	39	38	48	48	47	47	49	50	53	58	61	64	62	59
EBITDA*	-515,828	-317,221	-19,559	280,598	174,768	58,036	186,644	336,665	277,740	31,494	157,170	-119,166	205,650	361,639	-12,897

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	25,029	29,530	521,432	533,704	122,993	88,271	172,676	110,076	149,376	209,314	309,567	402,383	492,053	510,145	313,588
Intangible Assets	381,540	487,989	8,447	204,141	116,037	150,706	0	0	0	0	0	413,062	614,927	816,792	1,018,657
Investments & Other	312,780	312,780	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	249,977	0	76,000	191,716	384,024	464,568	0	0	0	0	0	0	124,492
Total Fixed Assets	719,349	830,299	779,856	737,845	315,030	430,693	556,700	574,644	149,376	209,314	309,567	815,445	1,106,980	1,326,937	1,456,737
Stock & work in progress	785,594	879,154	589,102	627,045	660,138	665,984	743,134	693,842	925,197	1,028,594	961,970	861,514	1,321,386	839,359	584,019
Trade Debtors	324,349	376,929	453,441	421,274	463,188	332,887	429,020	408,435	291,268	399,698	340,332	477,436	633,803	1,056,348	561,611
Group Debtors	23,118	4,802	0	0	0	0	0	0	0	2,049	0	146,830	0	18,000	145,858
Misc Debtors	96,802	42,014	52,019	297,601	80,432	96,310	82,517	83,351	73,403	130,805	118,308	130,264	145,992	123,016	98,094
Cash	94,090	57,962	172,172	498,888	91,873	163,966	278,297	453,796	346,451	186,493	167,882	391,485	110,949	415,439	258,348
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,323,953	1,360,861	1,266,734	1,844,808	1,295,631	1,259,147	1,532,968	1,639,424	1,636,319	1,747,639	1,588,492	2,007,529	2,212,130	2,452,162	1,647,930
total assets	2,043,302	2,191,160	2,046,590	2,582,653	1,610,661	1,689,840	2,089,668	2,214,068	1,785,695	1,956,953	1,898,059	2,822,974	3,319,110	3,779,099	3,104,667
Bank overdraft	0	0	0	160,719	0	35,116	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	0
Trade Creditors	247,299	555,128	268,734	186,446	276,035	252,339	246,628	177,079	181,093	191,014	205,719	329,060	492,904	676,645	338,760
Group/Directors Accounts	2,052,717	1,176,666	851,662	0	1,113,102	1,039,263	265,762	277,974	3,635	38,924	33,775	135,619	207,595	142,359	121,957
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	98,515	116,101	83,366	0	0	0	0	0	0	0	0	0	2,358	3,663	3,663
other current liabilities	690,462	651,829	670,595	1,908,638	537,562	600,457	639,164	685,380	753,240	862,073	704,067	713,267	377,907	467,883	218,102
total current liabilities	3,088,993	2,499,724	1,874,357	2,255,803	1,926,699	1,927,175	1,151,554	1,140,433	937,968	1,092,011	943,561	1,177,946	1,080,764	1,290,550	682,482
loans	0	0	0	0	0	0	999,143	1,204,000	1,719,383	1,900,000	1,900,000	2,200,000	2,300,963	2,486,963	2,520,955
hp & lease commitments	305,346	387,008	422,930	0	0	0	0	0	0	0	0	0	0	2,358	6,021
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	431,740	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	305,346	387,008	422,930	431,740	0	0	999,143	1,204,000	1,719,383	1,900,000	1,900,000	2,200,000	2,300,963	2,489,321	2,526,976
total liabilities	3,394,339	2,886,732	2,297,287	2,687,543	1,926,699	1,927,175	2,150,697	2,344,433	2,657,351	2,992,011	2,843,561	3,377,946	3,381,727	3,779,871	3,209,458
net assets	-1,351,037	-695,572	-250,697	-104,890	-316,038	-237,335	-61,029	-130,365	-871,656	-1,035,058	-945,502	-554,972	-62,617	-772	-104,791
total shareholders funds	-1,351,037	-695,572	-250,697	-104,890	-316,038	-237,335	-61,029	-130,365	-871,656	-1,035,058	-945,502	-554,972	-62,617	-772	-104,791

	Dec 2023	Dec 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-659,266	-448,902	-141,241	126,423	123,282	16,002	149,880	275,435	193,284	-75,059	-383,517	-445,972	-90,571	91,855	-270,239
Depreciation	13,841	127,806	113,634	113,914	16,817	32,808	36,764	61,230	84,456	106,553	127,625	124,941	94,356	67,919	55,477
Amortisation	129,597	3,875	8,048	40,261	34,669	9,226	0	0	0	0	413,062	201,865	201,865	201,865	201,865
Tax	0	0	0	114,000	-115,716	-192,308	-80,544	464,568	0	0	0	0	0	0	0
Stock	-93,560	290,052	-37,943	-33,093	-5,846	-77,150	49,292	-231,355	-103,397	66,624	100,456	-459,872	482,027	255,340	584,019
Debtors	20,524	-331,692	36,562	99,255	-1,293	-274,648	-60,793	591,683	-167,881	73,912	-295,890	-25,265	-417,569	267,309	930,055
Creditors	-307,829	286,394	82,288	-89,589	23,696	5,711	69,549	-4,014	-9,921	-14,705	-123,341	-163,844	-183,741	337,885	338,760
Accruals and Deferred Income	38,633	-18,766	-1,238,043	1,371,076	-62,895	-38,707	-46,216	-67,860	-108,833	158,006	-9,200	335,360	-89,976	249,781	218,102
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-711,988	-7,953	-1,173,933	1,609,923	26,992	184,530	140,934	369,031	430,264	34,259	220,063	537,487	-132,525	426,656	-970,109
Investing Activities
capital expenditure	-32,488	-119,321	86,284	-652,990	-51,539	-108,335	-99,364	-21,930	-24,518	-6,300	-34,809	-35,271	-76,264	-264,476	-1,589,587
Change in Investments	0	312,780	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-32,488	-432,101	86,284	-652,990	-51,539	-108,335	-99,364	-21,930	-24,518	-6,300	-34,809	-35,271	-76,264	-264,476	-1,589,587
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	876,051	325,004	851,662	-1,113,102	73,839	773,501	-12,212	274,339	-35,289	5,149	-101,844	-71,976	65,236	20,402	121,957
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-999,143	-204,857	-515,383	-180,617	0	-300,000	-100,963	-186,000	-33,992	2,520,955
Hire Purchase and Lease Commitments	-99,248	-3,187	506,296	0	0	0	0	0	0	0	0	-2,358	-3,663	-3,663	9,684
other long term liabilities	0	0	-431,740	431,740	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-86,269	0	0	0	0	0	0	0	0	0	121,212
interest	3,801	4,027	-4,566	-29,275	0	0	0	1,288	0	0	0	0	4,984	5,241	44,236
cash flow from financing	780,604	325,844	921,652	-710,637	-12,430	-225,642	-217,069	-239,756	-215,906	5,149	-401,844	-175,297	-119,443	-12,012	2,818,044
cash and cash equivalents
cash	36,128	-114,210	-326,716	407,015	-72,093	-114,331	-175,499	107,345	159,958	18,611	-223,603	280,536	-304,490	157,091	258,348
overdraft	0	0	-160,719	160,719	-35,116	35,116	0	0	0	0	0	0	0	0	0
change in cash	36,128	-114,210	-165,997	246,296	-36,977	-149,447	-175,499	107,345	159,958	18,611	-223,603	280,536	-304,490	157,091	258,348

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRESTIGE MEDICAL LIMITED group structure

Prestige Medical Limited has no subsidiary companies.

Ultimate parent company

TUTTNAUER LTD

#0153978

1 parent

PRESTIGE MEDICAL LIMITED

02826793

PRESTIGE MEDICAL LIMITED Shareholders

tuttnauer ltd

100%

Prestige Medical Limited currently has 3 directors. The longest serving directors include Mr John Potter (Dec 2017) and Mr Nir Kinory (Dec 2021).

officer	country	age	start	end	role
Mr John Potter	England	63 years	Dec 2017	-	Director
Mr Nir Kinory	Israel	63 years	Dec 2021	-	Director
Mr Elad Ginnat	England	52 years	Apr 2024	-	Director

P&L

December 2023

turnover

3.4m

-14%

operating profit

-659.3k

gross margin

36.5%

-4.8%

turnover

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

Balance Sheet

December 2023

net assets

-1.4m

+0.94%

total assets

-0.07%

cash

94.1k

+0.62%

net assets

Total assets minus all liabilities

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company number

02826793

Type

Private limited with Share Capital

industry

32500 - Manufacture of medical and dental instruments and supplies

incorporation date

June 1993

accounts

Small Company

ultimate parent company

TUTTNAUER LTD

previous names

dmwsl 128 limited (September 1993)

last accounts submitted

December 2023

address

east house duttons way, shadsworth business park, blackburn, BB1 2QR

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 3 charges/mortgages relating to prestige medical limited. Currently there are 0 open charges and 3 have been satisfied in the past.

prestige medical limited Company Information

prestige medical limited Estimated Valuation

prestige medical limited Estimated Valuation

prestige medical limited Estimated Valuation

Prestige Medical Limited Overview

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PRESTIGE MEDICAL LIMITED financials

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