Parmar-ceuticals Limited

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parmar-ceuticals limited Company Information

Live

MatureSmallRapid

Company Number

03496193

Next Accounts

Aug 2025

Industry

Dispensing chemist in specialised stores

Directors

Nagin Parmar

Jai Parmar

Shareholders

mr jai nagin parmar

mr nagin bhagwanji parmar

Group Structure

View All

Contact

Registered Address

1 tudor gardens, kingsbury, london, NW9 8RL

Website

http://churchillspharmacy.co.uk

parmar-ceuticals limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of PARMAR-CEUTICALS LIMITED at £1.6m based on Net Assets of £733.2k and 2.13x industry multiple (adjusted for liquidity).

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Parmar-ceuticals Limited is a live company located in london, NW9 8RL with a Companies House number of 03496193. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in January 1998, it's largest shareholder is mr jai nagin parmar with a 50% stake. Parmar-ceuticals Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Parmar-Ceuticals Limited a 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 Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£12.6m)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (7.6%)

EXPORT

Parmar-Ceuticals Limited's latest turnover from November 2023 is estimated at £2.4 million and the company has net assets of £733.2 thousand. According to their latest financial statements, Parmar-Ceuticals Limited has 11 employees and maintains cash reserves of £110.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	2,428,637	1,224,816	1,019,655	979,320	882,612	939,745	807,424	865,735	697,922	621,255	694,781	716,642	774,312	821,242	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,774,098	874,314	734,035	726,803	651,068	685,028	582,707	616,245	511,506	451,323	499,617	524,251	571,870	609,667	0
Gross Profit	654,539	350,502	285,620	252,517	231,544	254,716	224,717	249,490	186,416	169,932	195,164	192,390	202,442	211,576	0
Admin Expenses	550,545	205,841	169,565	186,293	147,344	259,630	221,844	169,294	203,127	204,667	234,101	203,047	147,569	143,239	-348,045
Operating Profit	103,994	144,661	116,055	66,224	84,200	-4,914	2,873	80,196	-16,711	-34,735	-38,937	-10,657	54,873	68,337	348,045
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	2,012	2,012
Interest Receivable	11,865	10,977	318	214	1,313	1,228	402	379	619	682	626	400	314	272	150
Pre-Tax Profit	115,859	155,638	116,373	66,438	85,512	-3,686	3,275	80,575	-16,092	-34,053	-38,311	-10,257	55,188	66,597	346,183
Tax	-28,965	-29,571	-22,111	-12,623	-16,247	0	-622	-16,115	0	0	0	0	-14,349	-18,647	-96,931
Profit After Tax	86,894	126,067	94,262	53,815	69,265	-3,686	2,653	64,460	-16,092	-34,053	-38,311	-10,257	40,839	47,950	249,252
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	86,894	126,067	94,262	53,815	69,265	-3,686	2,653	64,460	-16,092	-34,053	-38,311	-10,257	40,839	47,950	249,252
Employee Costs	291,983	265,846	251,066	229,125	241,954	242,741	206,761	195,757	86,299	87,151	83,726	84,151	83,746	100,641	0
Number Of Employees	11	11	11	11	11	12	11	11	5	5	5	5	5	6	0
EBITDA*	107,203	147,404	129,916	79,908	98,369	9,124	17,284	95,274	-800	-17,782	-22,356	7,087	62,672	89,387	365,168

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	13,277	11,853	11,570	11,306	13,689	13,609	15,547	18,657	22,433	27,042	21,118	25,771	31,198	38,997	43,745
Intangible Assets	2	2	2	11,303	22,604	33,905	45,206	56,507	67,808	79,109	90,410	101,711	113,012	124,313	135,614
Investments & Other	0	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	0
Total Fixed Assets	13,279	11,855	11,572	22,609	36,293	47,514	60,753	75,164	90,241	106,151	111,528	127,482	144,210	163,310	179,359
Stock & work in progress	194,285	178,190	175,728	202,123	195,258	205,853	177,484	175,684	156,547	145,848	137,242	150,923	170,101	156,927	167,461
Trade Debtors	626,389	243,282	199,504	178,595	151,614	143,913	131,835	131,044	96,315	86,380	110,385	116,144	121,965	132,345	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	83,632
Cash	110,624	341,377	390,423	245,634	183,237	166,818	160,719	160,933	141,944	105,480	167,371	82,861	76,959	48,838	59,885
misc current assets	35,000	35,000	20,000	20,000	0	0	0	0	0	0	0	0	0	0	0
total current assets	966,298	797,849	785,655	646,352	530,109	516,584	470,038	467,661	394,806	337,708	414,998	349,928	369,025	338,110	310,978
total assets	979,577	809,704	797,227	668,961	566,402	564,098	530,791	542,825	485,047	443,859	526,526	477,410	513,235	501,420	490,337
Bank overdraft	0	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	0
Trade Creditors	164,394	119,661	202,905	184,777	120,535	182,257	139,751	161,656	158,849	116,482	147,164	136,032	158,839	199,526	0
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	179,092
total current liabilities	164,394	119,661	202,905	184,777	120,535	182,257	139,751	161,656	158,849	116,482	147,164	136,032	158,839	199,526	179,092
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	61,893
hp & lease commitments	0	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	0
other liabilities	82,025	43,779	74,125	58,249	73,747	78,986	84,499	77,281	86,770	71,857	89,789	13,494	16,255	4,592	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	82,025	43,779	74,125	58,249	73,747	78,986	84,499	77,281	86,770	71,857	89,789	13,494	16,255	4,592	61,893
total liabilities	246,419	163,440	277,030	243,026	194,282	261,243	224,250	238,937	245,619	188,339	236,953	149,526	175,094	204,118	240,985
net assets	733,158	646,264	520,197	425,935	372,120	302,855	306,541	303,888	239,428	255,520	289,573	327,884	338,141	297,302	249,352
total shareholders funds	733,158	646,264	520,197	425,935	372,120	302,855	306,541	303,888	239,428	255,520	289,573	327,884	338,141	297,302	249,352

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	103,994	144,661	116,055	66,224	84,200	-4,914	2,873	80,196	-16,711	-34,735	-38,937	-10,657	54,873	68,337	348,045
Depreciation	3,209	2,743	2,560	2,383	2,868	2,737	3,110	11,301	4,610	5,652	5,280	6,443	7,799	9,749	5,822
Amortisation	0	0	11,301	11,301	11,301	11,301	11,301	3,777	11,301	11,301	11,301	11,301	0	11,301	11,301
Tax	-28,965	-29,571	-22,111	-12,623	-16,247	0	-622	-16,115	0	0	0	0	-14,349	-18,647	-96,931
Stock	16,095	2,462	-26,395	6,865	-10,595	28,369	1,800	19,137	10,699	8,606	-13,681	-19,178	13,174	-10,534	167,461
Debtors	383,107	43,778	20,909	26,981	7,701	12,078	791	34,729	9,935	-24,005	-5,759	-5,821	-10,380	48,713	83,632
Creditors	44,733	-83,244	18,128	64,242	-61,722	42,506	-21,905	2,807	42,367	-30,682	11,132	-22,807	-40,687	199,526	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	-179,092	179,092
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-276,231	-11,651	131,419	97,681	23,294	11,183	-7,834	28,100	20,933	-33,065	8,216	9,279	4,842	52,995	196,236
Investing Activities
capital expenditure	-4,633	-3,026	-2,824	0	-2,948	-799	0	-1	-1	-11,576	-627	-1,016	11,301	-5,001	-196,482
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,633	-3,026	-2,824	0	-2,948	-799	0	-1	-1	-11,576	-627	-1,016	11,301	-5,001	-196,482
Financing Activities
Bank loans	0	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	0
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	0	0	0	0	0	0	0	0	-61,893	61,893
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	38,246	-30,346	15,876	-15,498	-5,239	-5,513	7,218	-9,489	14,913	-17,932	76,295	-2,761	11,663	4,592	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	11,865	10,977	318	214	1,313	1,228	402	379	619	682	626	400	314	-1,740	-1,862
cash flow from financing	50,111	-19,369	16,194	-15,284	-3,926	-4,285	7,620	-9,110	15,532	-17,250	76,921	-2,361	11,977	-59,041	60,131
cash and cash equivalents
cash	-230,753	-49,046	144,789	62,397	16,419	6,099	-214	18,989	36,464	-61,891	84,510	5,902	28,121	-11,047	59,885
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-230,753	-49,046	144,789	62,397	16,419	6,099	-214	18,989	36,464	-61,891	84,510	5,902	28,121	-11,047	59,885

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PARMAR-CEUTICALS LIMITED group structure

Parmar-Ceuticals Limited has no subsidiary companies.

Ultimate parent company

PARMAR-CEUTICALS LIMITED

03496193

PARMAR-CEUTICALS LIMITED Shareholders

mr jai nagin parmar	50%
mr nagin bhagwanji parmar	50%

Parmar-Ceuticals Limited currently has 2 directors. The longest serving directors include Mr Nagin Parmar (Jan 1998) and Mr Jai Parmar (Jan 1998).

officer	country	age	start	end	role
Mr Nagin Parmar		82 years	Jan 1998	-	Director
Mr Jai Parmar		58 years	Jan 1998	-	Director

P&L

November 2023

turnover

2.4m

+98%

operating profit

104k

gross margin

27%

-5.82%

turnover

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

Balance Sheet

November 2023

net assets

733.2k

+0.13%

total assets

979.6k

+0.21%

cash

110.6k

-0.68%

net assets

Total assets minus all liabilities

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company number

03496193

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

January 1998

ultimate parent company

None

previous names

N/A

address

1 tudor gardens, kingsbury, london, NW9 8RL

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 4 charges/mortgages relating to parmar-ceuticals limited. Currently there are 1 open charges and 3 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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parmar-ceuticals limited Company Information

parmar-ceuticals limited Estimated Valuation

parmar-ceuticals limited Estimated Valuation

parmar-ceuticals limited Estimated Valuation

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PARMAR-CEUTICALS LIMITED financials

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