Speed Medical Examination Services Limited

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speed medical examination services limited Company Information

Company Number

03566725

Next Accounts

Feb 2026

Directors

Susan Henry

Ian Robins

Shareholders

fl 360 ltd

rajnish luthra

Group Structure

View All

Industry

Other human health activities

Registered Address

speed medical house, matrix park, chorley, lancashire, PR7 7NA

Website

www.speedmedical.com

speed medical examination services limited Estimated Valuation

£74.6m

Pomanda estimates the enterprise value of SPEED MEDICAL EXAMINATION SERVICES LIMITED at £74.6m based on Net Assets of £31.7m and 2.35x industry multiple (adjusted for liquidity).

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Speed Medical Examination Services Limited is a live company located in chorley, PR7 7NA with a Companies House number of 03566725. It operates in the other human health activities sector, SIC Code 86900. Founded in May 1998, it's largest shareholder is fl 360 ltd with a 87.5% stake. Speed Medical Examination Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £31.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Speed Medical Examination Services 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 £31.5m, make it larger than the average company (£645k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8%)

EXPORT

Speed Medical Examination Services Limited's latest turnover from May 2024 is £31.5 million and the company has net assets of £31.7 million. According to their latest financial statements, Speed Medical Examination Services Limited has 201 employees and maintains cash reserves of £69.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	31,528,551	26,520,112	25,292,026	25,225,866	32,101,347	36,428,019	40,501,712	40,580,086	42,645,349	27,908,250	33,408,434	38,684,345	35,147,634	52,723,991	31,999,265
Other Income Or Grants
Cost Of Sales	18,422,542	16,636,803	16,083,454	15,951,367	18,736,049	19,586,458	24,036,935	22,811,370	28,093,643	16,361,433	21,215,910	24,589,255	25,691,176	30,263,686	19,707,346
Gross Profit	13,106,009	9,883,309	9,208,572	9,274,499	13,365,298	16,841,561	16,464,777	17,768,716	14,551,706	11,546,817	12,192,524	14,095,090	9,456,458	22,460,305	12,291,919
Admin Expenses	8,097,619	7,613,719	7,192,091	6,385,840	9,796,675	11,073,403	10,849,437	10,559,358	10,208,635	7,055,372	7,799,865	8,517,185	6,985,132	18,094,142	9,450,938
Operating Profit	5,008,390	2,269,590	2,016,481	2,888,659	3,568,623	5,768,158	5,615,340	7,209,358	4,343,071	4,491,445	4,392,659	5,577,905	2,471,326	4,366,163	2,840,981
Interest Payable	2,535,124	1,901,289	1,164,320	1,025,606	847,866	520,028	661,752	766,559	828,893	412,232	699,103	671,431	343,620	378,766	502,816
Interest Receivable	647,989	446,410	255,419	200,144	219,873	216,917	197,733	183,931	185,444	103,813	45,951	21,395	32,881	146,615	143,135
Pre-Tax Profit	3,121,255	814,711	1,107,580	2,063,197	2,940,630	5,465,047	5,151,321	6,626,730	3,699,622	4,183,026	4,270,526	4,927,869	2,160,587	4,134,012	2,481,300
Tax	-1,065,802	-103,548	-60,819	-691,431	-809,106	-1,121,993	-979,781	-1,485,472	-749,856	-904,859	-1,021,536	-1,150,087	-806,718	-2,710,365	1,151,175
Profit After Tax	2,055,453	711,163	1,046,761	1,371,766	2,131,524	4,343,054	4,171,540	5,141,258	2,949,766	3,278,167	3,248,990	3,777,782	1,353,869	1,423,647	3,632,475
Dividends Paid	540,000	540,000	1,290,000	1,020,000								1,815,216
Retained Profit	1,515,453	171,163	-243,239	351,766	2,131,524	4,343,054	4,171,540	5,141,258	2,949,766	3,278,167	3,248,990	1,962,566	1,353,869	1,423,647	3,632,475
Employee Costs	5,907,458	5,574,869	5,315,033	5,290,470	6,338,988	8,059,500	7,879,785	6,986,744	7,644,545	5,207,110	4,835,176	5,040,690	4,990,235	9,426,508	4,827,119
Number Of Employees	201	186	194	223	234	226	235	224	216	162	182	144	146	146	149
EBITDA*	5,298,696	2,472,979	2,146,925	2,984,858	3,735,189	5,925,178	5,801,666	7,434,558	4,470,430	4,557,040	4,753,148	5,640,488	2,575,545	4,518,838	2,987,132

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	1,479,807	1,503,382	1,433,862	1,461,396	1,505,729	1,614,767	1,556,156	1,561,007	1,611,839	1,600,975	1,589,150	1,439,603	1,483,615	1,559,016	1,684,291
Intangible Assets	781,862	692,110	344,109	169,624	21,622	21,622	71,963	83,235	147,340	124,643	1,142,863
Investments & Other	630,303	630,303	630,303	630,303	630,303	630,303	630,303	630,303	630,303	630,303
Debtors (Due After 1 year)															5,520,385
Total Fixed Assets	2,891,972	2,825,795	2,408,274	2,261,323	2,157,654	2,266,692	2,258,422	2,274,545	2,389,482	2,355,921	2,732,013	1,439,603	1,483,615	1,559,016	7,204,676
Stock & work in progress	522,550	592,655	512,940	398,312	685,547	476,435	566,030	624,940	582,552	637,378	994,179
Trade Debtors	34,708,798	29,573,166	27,186,072	27,019,129	31,483,830	43,347,835	45,023,346	45,088,910	43,664,226	29,796,239	29,770,774	30,430,310	28,422,069	33,051,428	33,563,875
Group Debtors	32,818,331	31,590,379	32,582,863	26,311,187	23,557,505	16,229,217	11,715,616	8,685,779	8,272,498	6,444,516	2,984,643	1,662,619	661,148	908,756	689,895
Misc Debtors	10,321,919	10,131,622	9,553,536	1,219,079	1,579,708	1,290,566	1,611,911	1,637,854	1,292,347	5,249,119	2,599,133	6,189,389	7,992,023	12,124,982	24,094,720
Cash	69,509	69,176	200	377,726	178,346	375,998	25,222	89,454	4,865	196,805	17,422	734	1,181	419	3,650
misc current assets
total current assets	78,441,107	71,956,998	69,835,611	55,325,433	57,484,936	61,720,051	58,942,125	56,126,937	53,816,488	42,324,057	36,366,151	38,283,052	37,076,421	46,085,585	58,352,140
total assets	81,333,079	74,782,793	72,243,885	57,586,756	59,642,590	63,986,743	61,200,547	58,401,482	56,205,970	44,679,978	39,098,164	39,722,655	38,560,036	47,644,601	65,556,816
Bank overdraft	21,714,554	16,982,074	15,731,265		3,551,515	651,019	4,103,507	6,575,360	10,094,225	7,776,110	6,671,654	3,500,550	2,298,399	4,413,184	6,962,315
Bank loan														60,740	60,740
Trade Creditors	12,772,386	12,010,897	11,307,890	8,195,354	9,387,734	11,063,764	10,772,349	17,406,324	16,802,694	13,888,382	11,287,098	10,620,570	10,697,546	10,636,287	8,950,381
Group/Directors Accounts	18,713	7,478	51,637		175,695	235,584	25,000	121,667	15,921	163,731	270,521	71,491	26,360
other short term finances				3,592,797
hp & lease commitments	52,211	57,291	126,477					3,193	74,530	94,141					33,518
other current liabilities	6,402,402	7,474,605	7,575,574	8,890,460	10,933,536	19,392,575	18,418,301	11,018,232	11,503,249	8,188,707	12,612,200	18,083,816	20,054,069	30,294,587	48,688,286
total current liabilities	40,960,266	36,532,345	34,792,843	20,678,611	24,048,480	31,342,942	33,319,157	35,124,776	38,490,619	30,111,071	30,841,473	32,276,427	33,076,374	45,404,798	64,695,240
loans	8,254,025	7,676,267	7,227,815	6,493,471	5,594,185	4,817,485	4,384,617	3,951,749	3,518,881	3,182,896		3,000,000	3,000,000	680,370	725,790
hp & lease commitments	142,387	138,752
Accruals and Deferred Income
other liabilities
provisions	231,506	205,987	164,948	113,156	50,173	8,088	21,599	21,323	34,094	173,401	561,473
total long term liabilities	8,627,918	8,021,006	7,392,763	6,606,627	5,644,358	4,825,573	4,406,216	3,973,072	3,552,975	3,356,297	561,473	3,000,000	3,000,000	680,370	725,790
total liabilities	49,588,184	44,553,351	42,185,606	27,285,238	29,692,838	36,168,515	37,725,373	39,097,848	42,043,594	33,467,368	31,402,946	35,276,427	36,076,374	46,085,168	65,421,030
net assets	31,744,895	30,229,442	30,058,279	30,301,518	29,949,752	27,818,228	23,475,174	19,303,634	14,162,376	11,212,610	7,695,218	4,446,228	2,483,662	1,559,433	135,786
total shareholders funds	31,744,895	30,229,442	30,058,279	30,301,518	29,949,752	27,818,228	23,475,174	19,303,634	14,162,376	11,212,610	7,695,218	4,446,228	2,483,662	1,559,433	135,786

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	5,008,390	2,269,590	2,016,481	2,888,659	3,568,623	5,768,158	5,615,340	7,209,358	4,343,071	4,491,445	4,392,659	5,577,905	2,471,326	4,366,163	2,840,981
Depreciation	120,706	87,206	70,848	83,544	166,566	130,657	128,744	113,158	93,406	65,595	74,773	62,583	104,219	152,675	146,151
Amortisation	169,600	116,183	59,596	12,655		26,363	57,582	112,042	33,953		285,716
Tax	-1,065,802	-103,548	-60,819	-691,431	-809,106	-1,121,993	-979,781	-1,485,472	-749,856	-904,859	-1,021,536	-1,150,087	-806,718	-2,710,365	1,151,175
Stock	-70,105	79,715	114,628	-287,235	209,112	-89,595	-58,910	42,388	-54,826	-356,801	994,179
Debtors	6,553,881	1,972,696	14,773,076	-2,071,648	-4,246,575	2,516,745	2,938,330	2,183,472	11,739,197	6,135,324	-2,927,768	1,207,078	-9,009,926	-17,783,709	63,868,875
Creditors	761,489	703,007	3,112,536	-1,192,380	-1,676,030	291,415	-6,633,975	603,630	2,914,312	2,601,284	666,528	-76,976	61,259	1,685,906	8,950,381
Accruals and Deferred Income	-1,072,203	-100,969	-1,314,886	-2,043,076	-8,459,039	974,274	7,400,069	-485,017	3,314,542	-4,423,493	-5,471,616	-1,970,253	-10,240,518	-18,393,699	48,688,286
Deferred Taxes & Provisions	25,519	41,039	51,792	62,983	42,085	-13,511	276	-12,771	-139,307	-388,072	561,473
Cash flow from operations	-2,536,077	960,097	-10,952,156	1,479,837	-3,129,438	3,628,213	2,708,835	3,829,068	-1,874,250	-4,336,623	1,421,586	1,236,094	599,494	2,884,389	-2,091,901
Investing Activities
capital expenditure	-356,483	-620,910	-277,395	-199,868	-57,528	-165,290	-170,203	-110,263	-160,920	940,800	-207,897	-18,571	-28,887	-27,400	-62,451
Change in Investments										630,303
cash flow from investments	-356,483	-620,910	-277,395	-199,868	-57,528	-165,290	-170,203	-110,263	-160,920	310,497	-207,897	-18,571	-28,887	-27,400	-62,451
Financing Activities
Bank loans													-60,740		60,740
Group/Directors Accounts	11,235	-44,159	51,637	-175,695	-59,889	210,584	-96,667	105,746	-147,810	-106,790	199,030	45,131	26,360
Other Short Term Loans			-3,592,797	3,592,797
Long term loans	577,758	448,452	734,344	899,286	776,700	432,868	432,868	432,868	335,985	3,182,896	-3,000,000		2,319,630	-45,420	725,790
Hire Purchase and Lease Commitments	-1,445	69,566	126,477				-3,193	-71,337	-19,611	94,141				-33,518	33,518
other long term liabilities
share issue										239,225			-429,640		-3,496,689
interest	-1,887,135	-1,454,879	-908,901	-825,462	-627,993	-303,111	-464,019	-582,628	-643,449	-308,419	-653,152	-650,036	-310,739	-232,151	-359,681
cash flow from financing	-1,299,587	-981,020	-3,589,240	3,490,926	88,818	340,341	-131,011	-115,351	-474,885	3,101,053	-3,454,122	-604,905	1,544,871	-311,089	-3,036,322
cash and cash equivalents
cash	333	68,976	-377,526	199,380	-197,652	350,776	-64,232	84,589	-191,940	179,383	16,688	-447	762	-3,231	3,650
overdraft	4,732,480	1,250,809	15,731,265	-3,551,515	2,900,496	-3,452,488	-2,471,853	-3,518,865	2,318,115	1,104,456	3,171,104	1,202,151	-2,114,785	-2,549,131	6,962,315
change in cash	-4,732,147	-1,181,833	-16,108,791	3,750,895	-3,098,148	3,803,264	2,407,621	3,603,454	-2,510,055	-925,073	-3,154,416	-1,202,598	2,115,547	2,545,900	-6,958,665

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SPEED MEDICAL EXAMINATION SERVICES LIMITED group structure

Speed Medical Examination Services Limited has 1 subsidiary company.

Ultimate parent company

FL 360 LIMITED

09099295

1 parent

SPEED MEDICAL EXAMINATION SERVICES LIMITED

03566725

1 subsidiary

D A C H LIMITED

06260035

SPEED MEDICAL EXAMINATION SERVICES LIMITED Shareholders

fl 360 ltd	87.5%
rajnish luthra	12.5%

Speed Medical Examination Services Limited currently has 2 directors. The longest serving directors include Ms Susan Henry (Jan 2012) and Mr Ian Robins (Sep 2015).

officer	country	age	start	end	role
Ms Susan Henry	England	49 years	Jan 2012	-	Director
Mr Ian Robins	United Kingdom	58 years	Sep 2015	-	Director

P&L

May 2024

turnover

31.5m

+19%

operating profit

+121%

gross margin

41.6%

+11.54%

turnover

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

Balance Sheet

May 2024

net assets

31.7m

+0.05%

total assets

81.3m

+0.09%

cash

69.5k

net assets

Total assets minus all liabilities

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company number

03566725

Type

Private limited with Share Capital

industry

86900 - Other human health activities

incorporation date

May 1998

ultimate parent company

FL 360 LIMITED

previous names

N/A

address

speed medical house, matrix park, chorley, lancashire, PR7 7NA

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 9 charges/mortgages relating to speed medical examination services limited. Currently there are 1 open charges and 8 have been satisfied in the past.

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speed medical examination services limited Company Information

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speed medical examination services limited Estimated Valuation

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