L.in.c Medical Systems Limited

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l.in.c medical systems limited Company Information

Live

MatureMidHealthy

Company Number

03511367

Website

http://ruggles-horse-rugs.co.uk

Registered Address

7 kingsley street, leicester, LE2 6DY

Industry

Retail sale of medical and orthopaedic goods (other than hearing aids) n.e.c., in specialised stores

Hospital activities

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Telephone

01572717447

Next Accounts Due

December 2025

Group Structure

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Directors

Stephen Bailey26 Years

Sally Bailey13 Years

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Shareholders

stephen warren bailey 100%

sally anne bailey 0%

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l.in.c medical systems limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of L.IN.C MEDICAL SYSTEMS LIMITED at £6.6m based on Net Assets of £2.4m and 2.75x industry multiple (adjusted for liquidity).

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L.in.c Medical Systems Limited is a live company located in leicester, LE2 6DY with a Companies House number of 03511367. It operates in the retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) n.e.c. sector, SIC Code 47749. Founded in February 1998, it's largest shareholder is stephen warren bailey with a 100% stake. L.in.c Medical Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded L.In.C Medical Systems Limited a 4 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 Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £7.6m, make it in line with the average company (£7.2m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (7.4%)

EXPORT

L.In.C Medical Systems Limited's latest turnover from March 2024 is estimated at £7.6 million and the company has net assets of £2.4 million. According to their latest financial statements, L.In.C Medical Systems Limited has 19 employees and maintains cash reserves of £141.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	7,550,376	5,237,914	5,013,581	5,121,236	4,024,387	3,667,237	2,325,158	2,952,614	1,837,047	1,844,870	2,800,300	2,230,611	2,056,868	1,257,156	1,256,166
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,739,088	3,150,683	2,992,690	3,103,880	2,506,902	2,241,658	1,437,095	1,714,049	1,039,133	1,050,793	1,596,436	1,291,125	1,185,930	724,063	756,907
Gross Profit	2,811,288	2,087,231	2,020,891	2,017,356	1,517,486	1,425,579	888,063	1,238,565	797,915	794,077	1,203,864	939,486	870,938	533,092	499,259
Admin Expenses	2,112,669	1,406,370	2,310,689	1,510,776	1,264,401	1,193,433	1,042,997	1,441,514	614,929	724,872	1,153,351	765,772	834,540	541,579	397,143
Operating Profit	698,619	680,861	-289,798	506,580	253,085	232,146	-154,934	-202,949	182,986	69,205	50,513	173,714	36,398	-8,487	102,116
Interest Payable	0	0	0	0	0	0	6,153	7,108	3,084	1,845	0	0	0	0	0
Interest Receivable	7,034	4,205	485	55	30	198	103	26	53	68	123	395	315	183	182
Pre-Tax Profit	705,653	685,065	-289,313	506,635	253,115	232,344	-160,984	-210,031	179,955	67,428	50,635	174,109	36,712	-8,304	102,299
Tax	-176,413	-130,162	0	-96,261	-48,092	-44,145	0	0	-35,991	-14,160	-11,646	-41,786	-9,545	0	-28,644
Profit After Tax	529,240	554,903	-289,313	410,374	205,023	188,199	-160,984	-210,031	143,964	53,268	38,989	132,323	27,167	-8,304	73,655
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	529,240	554,903	-289,313	410,374	205,023	188,199	-160,984	-210,031	143,964	53,268	38,989	132,323	27,167	-8,304	73,655
Employee Costs	821,301	888,574	833,434	876,259	781,100	825,863	801,592	818,121	768,321	747,985	1,122,668	908,068	804,421	462,543	452,940
Number Of Employees	19	22	21	22	21	21	21	22	21	21	32	26	24	14	14
EBITDA*	788,236	748,441	-239,181	583,336	282,347	253,392	-113,382	-154,356	261,733	135,930	109,272	217,708	64,162	-7,535	122,392

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	319,829	413,159	388,752	319,325	368,366	318,081	252,688	278,825	261,470	236,553	171,353	145,799	111,252	6,103	7,055
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2	2	2	2	2	2	2	2	2	2	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	319,831	413,161	388,754	319,327	368,368	318,083	252,690	278,827	261,472	236,555	171,353	145,799	111,252	6,103	7,055
Stock & work in progress	2,240,824	1,327,612	1,267,663	1,522,116	1,018,286	968,131	499,831	570,304	403,684	444,429	394,295	290,139	201,652	146,000	72,259
Trade Debtors	1,257,682	817,210	755,896	627,983	487,852	473,292	232,776	350,623	234,914	204,957	258,387	259,629	245,125	179,594	208,538
Group Debtors	0	0	0	0	0	0	136,448	263,509	199,195	52,984	0	0	0	0	0
Misc Debtors	80,556	295,702	205,624	31,144	18,141	41,497	113,686	40,293	22,818	3,837	0	0	0	0	0
Cash	141,608	139,764	58,107	71,251	38,263	21,537	31,332	9,730	10,714	10,442	16,580	32,433	125,467	358	72,916
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	23,011
total current assets	3,720,670	2,580,288	2,287,290	2,252,494	1,562,542	1,504,457	1,014,073	1,234,459	871,325	716,649	669,262	582,201	572,244	325,952	376,724
total assets	4,040,501	2,993,449	2,676,044	2,571,821	1,930,910	1,822,540	1,266,763	1,513,286	1,132,797	953,204	840,615	728,000	683,496	332,055	383,779
Bank overdraft	0	0	0	0	0	0	0	189,325	38,125	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	251,388	248,431	167,012	121,321	201,317	132,495	227,975	458,224	131,768	182,811	535,923	479,906	549,538	192,908	220,738
Group/Directors Accounts	10,427	10,427	10,427	10,427	10,427	11,532	1	1	1	134,095	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	56,774	0	0	0	0	0
hp & lease commitments	5,724	9,124	16,215	13,268	24,225	37,470	40,113	0	0	25,500	0	0	0	0	0
other current liabilities	1,233,912	651,022	837,231	1,144,445	903,145	1,160,870	641,583	524,273	436,506	189,681	0	0	0	0	0
total current liabilities	1,501,451	919,004	1,030,885	1,289,461	1,139,114	1,342,367	909,672	1,171,823	606,400	588,861	535,923	479,906	549,538	192,908	220,738
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	31,740	37,464	46,588	13,890	30,183	9,480	31,488	0	0	23,748	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	24,643	101,168	233,670	353,347	246,882	171,843	226,883	56,790	34,983	0	19,774	0	26,869	73,696	89,286
provisions	74,043	56,429	40,420	21,375	31,362	20,504	8,573	33,542	30,252	23,397	20,988	23,153	14,471	0	0
total long term liabilities	130,426	195,061	320,678	388,612	308,427	201,827	266,944	90,332	65,235	47,145	40,762	23,153	41,340	73,696	89,286
total liabilities	1,631,877	1,114,065	1,351,563	1,678,073	1,447,541	1,544,194	1,176,616	1,262,155	671,635	636,006	576,685	503,059	590,878	266,604	310,024
net assets	2,408,624	1,879,384	1,324,481	893,748	483,369	278,346	90,147	251,131	461,162	317,198	263,930	224,941	92,618	65,451	73,755
total shareholders funds	2,408,624	1,879,384	1,324,481	893,748	483,369	278,346	90,147	251,131	461,162	317,198	263,930	224,941	92,618	65,451	73,755

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	698,619	680,861	-289,798	506,580	253,085	232,146	-154,934	-202,949	182,986	69,205	50,513	173,714	36,398	-8,487	102,116
Depreciation	89,617	67,580	50,617	76,756	29,262	21,246	41,552	48,593	78,747	66,725	58,759	43,994	27,764	952	20,276
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-176,413	-130,162	0	-96,261	-48,092	-44,145	0	0	-35,991	-14,160	-11,646	-41,786	-9,545	0	-28,644
Stock	913,212	59,949	-254,453	503,830	50,155	468,300	-70,473	166,620	-40,745	50,134	104,156	88,487	55,652	73,741	72,259
Debtors	225,326	151,392	302,393	153,134	-8,796	31,879	-171,515	197,498	195,149	3,391	-1,242	14,504	65,531	-28,944	208,538
Creditors	2,957	81,419	45,691	-79,996	68,822	-95,480	-230,249	326,456	-51,043	-353,112	56,017	-69,632	356,630	-27,830	220,738
Accruals and Deferred Income	582,890	-186,209	-307,214	241,300	-257,725	519,287	117,310	87,767	246,825	189,681	0	0	0	0	0
Deferred Taxes & Provisions	17,614	16,009	19,045	-9,987	10,858	11,931	-24,969	3,290	6,855	2,409	-2,165	8,682	14,471	0	0
Cash flow from operations	76,746	318,157	-529,599	-18,572	14,851	144,806	-9,302	-100,961	273,975	-92,777	48,564	11,981	304,535	-80,162	33,689
Investing Activities
capital expenditure	3,713	-91,987	-120,044	-27,715	-79,547	-86,639	-15,415	-65,948	-103,664	-131,925	-84,313	-78,541	-132,913	0	-27,331
Change in Investments	0	0	0	0	0	0	0	0	0	2	0	0	0	0	0
cash flow from investments	3,713	-91,987	-120,044	-27,715	-79,547	-86,639	-15,415	-65,948	-103,664	-131,927	-84,313	-78,541	-132,913	0	-27,331
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	-1,105	11,531	0	0	-134,094	134,095	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	-56,774	56,774	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-9,124	-16,215	35,645	-27,250	7,458	-24,651	71,601	0	-49,248	49,248	0	0	0	0	0
other long term liabilities	-76,525	-132,502	-119,677	106,465	75,039	-55,040	170,093	21,807	34,983	-19,774	19,774	-26,869	-46,827	-15,590	89,286
share issue	0	0	720,046	5	0	0	0	0	0	0	0	0	0	0	100
interest	7,034	4,205	485	55	30	198	-6,050	-7,082	-3,031	-1,777	123	395	315	183	182
cash flow from financing	-78,615	-144,512	636,499	79,275	81,422	-67,962	235,644	14,725	-208,164	218,566	19,897	-26,474	-46,512	-15,407	89,568
cash and cash equivalents
cash	1,844	81,657	-13,144	32,988	16,726	-9,795	21,602	-984	272	-6,138	-15,853	-93,034	125,109	-72,558	72,916
overdraft	0	0	0	0	0	0	-189,325	151,200	38,125	0	0	0	0	0	0
change in cash	1,844	81,657	-13,144	32,988	16,726	-9,795	210,927	-152,184	-37,853	-6,138	-15,853	-93,034	125,109	-72,558	72,916

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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L.IN.C MEDICAL SYSTEMS LIMITED group structure

L.In.C Medical Systems Limited has 2 subsidiary companies.

Ultimate parent company

L.IN.C MEDICAL SYSTEMS LIMITED

03511367

2 subsidiaries

L.IN.C. SYSTEMS LIMITED

08966221

L.IN.C. MEDICAL LIMITED

08966010

L.IN.C MEDICAL SYSTEMS LIMITED Shareholders

stephen warren bailey	99.99%
sally anne bailey	0%
jessica bailey	0%
samuel thomas bailey	0%
sharon galbraith	0%
lorraine mcbean	0%
helen bailey	0%
dave mcbean	0%
demetrio cadiente	0%
faye elizabeth hill	0%

L.In.C Medical Systems Limited currently has 5 directors. The longest serving directors include Mr Stephen Bailey (Feb 1998) and Mrs Sally Bailey (May 2011).

officer	country	age	start	end	role
Mr Stephen Bailey	England	66 years	Feb 1998	-	Director
Mrs Sally Bailey	United Kingdom	66 years	May 2011	-	Director
Mrs Jessica Bailey	United Kingdom	30 years	Oct 2020	-	Director
Mr Samuel Bailey	United Kingdom	36 years	Oct 2020	-	Director
Mr Demetrio Cadiente	United Kingdom	54 years	Jan 2022	-	Director

P&L

March 2024

turnover

7.6m

+44%

operating profit

698.6k

gross margin

37.3%

-6.56%

turnover

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

Balance Sheet

March 2024

net assets

2.4m

+0.28%

total assets

+0.35%

cash

141.6k

+0.01%

net assets

Total assets minus all liabilities

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4.5

company number

03511367

Type

Private limited with Share Capital

industry

71200 - Technical testing and analysis

47749 - Retail sale of medical and orthopaedic goods (other than hearing aids) n.e.c., in specialised stores

86101 - Hospital activities

incorporation date

February 1998

ultimate parent company

None

previous names

l.in.c. (leicester integrated clinical) medical systems ltd (October 2010)

bioservice medical devices limited (May 1998)

address

7 kingsley street, leicester, LE2 6DY

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 5 charges/mortgages relating to l.in.c medical systems limited. Currently there are 2 open charges and 3 have been satisfied in the past.

l.in.c medical systems limited Company Information

l.in.c medical systems limited Estimated Valuation

l.in.c medical systems limited Estimated Valuation

l.in.c medical systems limited Estimated Valuation

L.in.c Medical Systems Limited Overview

L.in.c Medical Systems Limited Health Check

L.IN.C MEDICAL SYSTEMS LIMITED financials

l.in.c medical systems limited Credit Report and Business Information

L.in.c Medical Systems Limited Competitor Analysis

l.in.c medical systems limited Ownership

l.in.c medical systems limited directors

l.in.c medical systems limited company details

l.in.c medical systems limited Charges & Mortgages

l.in.c medical systems limited Companies House Filings - See Documents