medifit instruments limited
medifit instruments limited Company Information
Company Number
03895663
Next Accounts
Apr 2025
Directors
Shareholders
patrick julu
elizabeth hansen
View AllGroup Structure
View All
Industry
Manufacture of medical and dental instruments and supplies
Registered Address
innova business centre, electric avenue, enfield, middlesex, EN3 7XU
Website
www.medifitgroup.commedifit instruments limited Estimated Valuation
Pomanda estimates the enterprise value of MEDIFIT INSTRUMENTS LIMITED at £769.6k based on a Turnover of £951.7k and 0.81x industry multiple (adjusted for size and gross margin).
medifit instruments limited Estimated Valuation
Pomanda estimates the enterprise value of MEDIFIT INSTRUMENTS LIMITED at £138.2k based on an EBITDA of £29.9k and a 4.63x industry multiple (adjusted for size and gross margin).
medifit instruments limited Estimated Valuation
Pomanda estimates the enterprise value of MEDIFIT INSTRUMENTS LIMITED at £0 based on Net Assets of £-45.2k and 2.23x industry multiple (adjusted for liquidity).
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Medifit Instruments Limited Overview
Medifit Instruments Limited is a dissolved company that was located in enfield, EN3 7XU with a Companies House number of 03895663. It operated in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in December 1999, it's largest shareholder was patrick julu with a 84% stake. The last turnover for Medifit Instruments Limited was estimated at £951.7k.
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Medifit Instruments Limited Health Check
Pomanda's financial health check has awarded Medifit Instruments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £951.7k, make it smaller than the average company (£12.9m)
- Medifit Instruments Limited
£12.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5.8%)
- Medifit Instruments Limited
5.8% - Industry AVG
Production
with a gross margin of 27.2%, this company has a higher cost of product (38.7%)
- Medifit Instruments Limited
38.7% - Industry AVG
Profitability
an operating margin of 3.1% make it less profitable than the average company (5.9%)
- Medifit Instruments Limited
5.9% - Industry AVG
Employees
with 4 employees, this is below the industry average (62)
- Medifit Instruments Limited
62 - Industry AVG
Pay Structure
on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)
- Medifit Instruments Limited
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £237.9k, this is more efficient (£149.1k)
- Medifit Instruments Limited
£149.1k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (53 days)
- Medifit Instruments Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 133 days, this is slower than average (35 days)
- Medifit Instruments Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Medifit Instruments Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Medifit Instruments Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 121.4%, this is a higher level of debt than the average (45.3%)
121.4% - Medifit Instruments Limited
45.3% - Industry AVG
MEDIFIT INSTRUMENTS LIMITED financials
Medifit Instruments Limited's latest turnover from January 2019 is estimated at £951.7 thousand and the company has net assets of -£45.2 thousand. According to their latest financial statements, we estimate that Medifit Instruments Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,917 | 391 | 521 | 694 | 926 | 1,235 | 1,647 | 2,196 | 2,928 | 3,901 |
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 13,917 | 391 | 521 | 694 | 926 | 1,235 | 1,647 | 2,196 | 2,928 | 3,901 |
| Stock & work in progress | 46,060 | 25,900 | 10,000 | 1,000 | 5,000 | 5,000 | 3,600 | |||
| Trade Debtors | 197,002 | 176,348 | 177,591 | 171,389 | 31,617 | 89,363 | 123,734 | 58,098 | ||
| Group Debtors | ||||||||||
| Misc Debtors | 57,558 | 45,001 | ||||||||
| Cash | 16,511 | 22,782 | 243 | 3,552 | 11,246 | 22,928 | 56,120 | |||
| misc current assets | 84 | 84 | 84 | 7,008 | ||||||
| total current assets | 197,086 | 176,432 | 177,675 | 233,960 | 80,299 | 99,606 | 128,286 | 74,344 | 92,494 | 104,721 |
| total assets | 211,003 | 176,823 | 178,196 | 234,654 | 81,225 | 100,841 | 129,933 | 76,540 | 95,422 | 108,622 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 253,350 | 244,873 | 259,058 | 294,651 | 143,839 | 154,159 | 176,908 | 122,391 | 77,106 | 55,412 |
| Group/Directors Accounts | 79,951 | |||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 55,154 | 8,897 | ||||||||
| total current liabilities | 253,350 | 244,873 | 259,058 | 294,651 | 143,839 | 154,159 | 176,908 | 122,391 | 132,260 | 144,260 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | 2,875 | 1,375 | 5,009 | |||||||
| other liabilities | ||||||||||
| provisions | ||||||||||
| total long term liabilities | 2,875 | 1,375 | 5,009 | |||||||
| total liabilities | 256,225 | 246,248 | 264,067 | 294,651 | 143,839 | 154,159 | 176,908 | 122,391 | 132,260 | 144,260 |
| net assets | -45,222 | -69,425 | -85,871 | -59,997 | -62,614 | -53,318 | -46,975 | -45,851 | -36,838 | -35,638 |
| total shareholders funds | -45,222 | -69,425 | -85,871 | -59,997 | -62,614 | -53,318 | -46,975 | -45,851 | -36,838 | -35,638 |
| Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 232 | 309 | 412 | 549 | 732 | 976 | 1,301 | |||
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | -46,060 | 20,160 | 15,900 | 9,000 | -4,000 | 1,400 | 3,600 | |||
| Debtors | 20,654 | -1,243 | 6,202 | 139,772 | -57,746 | -34,371 | 65,636 | 540 | 12,557 | 45,001 |
| Creditors | 8,477 | -14,185 | -35,593 | 150,812 | -10,320 | -22,749 | 54,517 | 45,285 | 21,694 | 55,412 |
| Accruals and Deferred Income | 1,500 | -3,634 | 5,009 | -55,154 | 46,257 | 8,897 | ||||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -79,951 | 79,951 | ||||||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -16,511 | -6,271 | 22,539 | -3,309 | -7,694 | -11,682 | -33,192 | 56,120 | ||
| overdraft | ||||||||||
| change in cash | -16,511 | -6,271 | 22,539 | -3,309 | -7,694 | -11,682 | -33,192 | 56,120 |
medifit instruments limited Credit Report and Business Information
Medifit Instruments Limited Competitor Analysis
Perform a competitor analysis for medifit instruments limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in EN3 area or any other competitors across 12 key performance metrics.
medifit instruments limited Ownership
MEDIFIT INSTRUMENTS LIMITED group structure
Medifit Instruments Limited has no subsidiary companies.
Ultimate parent company
MEDIFIT INSTRUMENTS LIMITED
03895663
medifit instruments limited directors
Medifit Instruments Limited currently has 1 director, Mr Patrick Julu serving since Dec 1999.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick Julu | 49 years | Dec 1999 | - | Director |
P&L
January 2019turnover
951.7k
+9%
operating profit
29.9k
0%
gross margin
27.3%
+2.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2019net assets
-45.2k
-0.35%
total assets
211k
+0.19%
cash
0
0%
net assets
Total assets minus all liabilities
medifit instruments limited company details
company number
03895663
Type
Private limited with Share Capital
industry
32500 - Manufacture of medical and dental instruments and supplies
incorporation date
December 1999
age
26
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2019
previous names
N/A
accountant
-
auditor
-
address
innova business centre, electric avenue, enfield, middlesex, EN3 7XU
Bank
-
Legal Advisor
-
medifit instruments limited Charges & Mortgages
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 did not find charges/mortgages relating to medifit instruments limited.
medifit instruments limited Capital Raised & Share Issues BETA
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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medifit instruments limited Companies House Filings - See Documents
| date | description | view/download |
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