Clevermed Limited

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clevermed limited Company Information

Live

MatureMidHigh

Company Number

03899440

Website

www.clevermed.com

Registered Address

arden court arden street, stratford-upon-avon, CV37 6NT

Industry

Other information technology and computer service activities

Telephone

441312217700

Next Accounts Due

December 2024

Group Structure

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Directors

Jonathan Harston1 Years

Nicholas Wilson1 Years

Shareholders

system c healthcare limited 100%

clevermed limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of CLEVERMED LIMITED at £6.6m based on a Turnover of £7.5m and 0.87x industry multiple (adjusted for size and gross margin).

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Clevermed Limited is a live company located in stratford-upon-avon, CV37 6NT with a Companies House number of 03899440. It operates in the other information technology service activities sector, SIC Code 62090. Founded in December 1999, it's largest shareholder is system c healthcare limited with a 100% stake. Clevermed Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.5m with high growth in recent years.

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Pomanda's financial health check has awarded Clevermed Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £7.5m, make it in line with the average company (£6.4m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (6.3%)

EXPORT

Clevermed Limited's latest turnover from March 2023 is £7.5 million and the company has net assets of £1.5 million. According to their latest financial statements, Clevermed Limited has 67 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	7,548,911	6,367,535	4,411,366	4,316,083	3,587,923	1,842,532	1,263,119	529,910	2,156,141	1,842,741	1,644,779	2,016,078	1,523,129	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,476,821	2,682,961	3,315,356	3,228,489	2,651,761	1,328,179	901,968	379,715	1,543,264	1,322,102	1,161,080	1,430,338	1,071,035	0
Gross Profit	4,072,090	3,684,574	1,096,010	1,087,594	936,162	514,353	361,151	150,196	612,877	520,639	483,699	585,740	452,094	0
Admin Expenses	10,640,641	3,572,841	1,412,030	1,189,162	-456,466	-551,760	481,156	-464,928	534,226	284,654	505,114	387,704	-335,878	-603,370
Operating Profit	-6,568,551	111,733	-316,020	-101,568	1,392,628	1,066,113	-120,005	615,124	78,651	235,985	-21,415	198,036	787,972	603,370
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	57,621	4,001	1,047	963	3,565	10,797	4,666	6,903	6,583	5,921	3,617	2,809	2,579	1,065
Pre-Tax Profit	-6,510,930	115,734	-314,973	-100,605	1,396,193	1,076,910	-115,339	622,026	85,234	241,906	-17,798	200,845	790,551	604,435
Tax	806,148	181,065	0	0	-265,277	-204,613	0	-124,405	-17,899	-55,638	0	-52,220	-221,354	-169,242
Profit After Tax	-5,704,782	296,799	-314,973	-100,605	1,130,916	872,297	-115,339	497,621	67,335	186,268	-17,798	148,625	569,197	435,193
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-5,704,782	296,799	-314,973	-100,605	1,130,916	872,297	-115,339	497,621	67,335	186,268	-17,798	148,625	569,197	435,193
Employee Costs	10,879,373	3,367,019	2,345,856	2,351,723	2,119,669	1,270,516	1,252,576	110,006	437,039	373,597	313,984	415,945	299,391	0
Number Of Employees	67	52	39	41	37	23	23	2	8	7	6	8	6	0
EBITDA*	-6,532,599	146,112	-255,981	4,154	1,526,259	2,203,086	994,680	1,630,094	968,667	1,006,616	893,405	867,773	1,116,913	906,012

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	82,300	45,703	51,720	84,006	128,545	153,693	70,808	52,247	65,504	41,699	49,997	80,795	53,217	48,960
Intangible Assets	0	0	0	0	0	540,355	522,668	546,628	433,162	416,741	319,173	548,923	603,339	441,719
Investments & Other	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
Total Fixed Assets	82,300	45,703	51,720	84,006	128,545	694,048	593,476	598,875	498,666	458,440	369,170	629,718	656,556	490,679
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,116,470	6,421,538	1,741,895	1,650,969	1,254,085	604,825	259,933	137,116	541,219	420,890	411,264	531,774	377,886	166,352
Group Debtors	3,002,833	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,387,425	870,753	521,511	733,733	705,193	533,485	298,346	396,184	0	0	0	0	0	0
Cash	2,712,302	2,221,244	1,119,507	975,478	950,606	2,153,153	2,165,741	1,567,145	1,193,853	1,439,326	929,087	517,787	605,689	426,029
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	9,219,030	9,513,535	3,382,913	3,360,180	2,909,884	3,291,463	2,724,020	2,100,445	1,735,072	1,860,216	1,340,351	1,049,561	983,575	592,381
total assets	9,301,330	9,559,238	3,434,633	3,444,186	3,038,429	3,985,511	3,317,496	2,699,320	2,233,738	2,318,656	1,709,521	1,679,279	1,640,131	1,083,060
Bank overdraft	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
Trade Creditors	154,855	102,926	194,838	189,967	187,273	223,216	179,318	185,947	836,310	994,333	570,402	518,549	629,798	644,775
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	7,638,046	8,787,540	2,515,343	2,214,942	1,703,308	1,089,594	1,355,902	620,149	0	0	0	0	0	0
total current liabilities	7,792,901	8,890,466	2,710,181	2,404,909	1,890,581	1,312,810	1,535,220	806,096	836,310	994,333	570,402	518,549	629,798	644,775
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	1,425	6,535	9,014	8,866	16,832	29,202	11,074	6,683	8,508	2,738	3,802	7,615	5,843	2,992
total long term liabilities	1,425	6,535	9,014	8,866	16,832	29,202	11,074	6,683	8,508	2,738	3,802	7,615	5,843	2,992
total liabilities	7,794,326	8,897,001	2,719,195	2,413,775	1,907,413	1,342,012	1,546,294	812,779	844,818	997,071	574,204	526,164	635,641	647,767
net assets	1,507,004	662,237	715,438	1,030,411	1,131,016	2,643,499	1,771,202	1,886,541	1,388,920	1,321,585	1,135,317	1,153,115	1,004,490	435,293
total shareholders funds	1,507,004	662,237	715,438	1,030,411	1,131,016	2,643,499	1,771,202	1,886,541	1,388,920	1,321,585	1,135,317	1,153,115	1,004,490	435,293

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-6,568,551	111,733	-316,020	-101,568	1,392,628	1,066,113	-120,005	615,124	78,651	235,985	-21,415	198,036	787,972	603,370
Depreciation	35,952	34,379	60,039	105,722	133,631	73,948	45,386	35,178	40,112	34,716	46,724	44,401	29,379	25,299
Amortisation	0	0	0	0	0	1,063,025	1,069,299	979,792	849,904	735,915	868,096	625,336	299,562	277,343
Tax	806,148	181,065	0	0	-265,277	-204,613	0	-124,405	-17,899	-55,638	0	-52,220	-221,354	-169,242
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-785,563	5,028,885	-121,296	425,424	1,959,278	580,031	24,979	-7,919	120,329	9,626	-120,510	153,888	211,534	166,352
Creditors	51,929	-91,912	4,871	2,694	187,273	43,898	-6,629	-650,363	-158,023	423,931	51,853	-111,249	-14,977	644,775
Accruals and Deferred Income	-1,149,494	6,272,197	300,401	511,634	1,703,308	-266,308	735,753	620,149	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,110	-2,479	148	-7,966	16,832	18,128	4,391	-1,825	5,770	-1,064	-3,813	1,772	2,851	2,992
Cash flow from operations	-6,043,563	1,476,098	170,735	85,092	1,209,117	1,214,160	1,703,216	1,481,569	678,186	1,364,219	1,061,955	552,188	671,899	1,218,185
Investing Activities
capital expenditure	-72,549	-28,362	-27,753	-61,183	-262,176	-1,237,545	-1,109,286	-1,115,179	-930,242	-859,901	-654,272	-642,899	-494,818	-793,321
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-72,549	-28,362	-27,753	-61,183	-262,176	-1,237,545	-1,109,286	-1,115,179	-930,242	-859,901	-654,272	-642,899	-494,818	-793,321
Financing Activities
Bank loans	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
Other Short Term Loans	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	6,549,549	-350,000	0	0	100	0	0	0	0	0	0	0	0	100
interest	57,621	4,001	1,047	963	3,565	10,797	4,666	6,903	6,583	5,921	3,617	2,809	2,579	1,065
cash flow from financing	6,607,170	-345,999	1,047	963	3,665	10,797	4,666	6,903	6,583	5,921	3,617	2,809	2,579	1,165
cash and cash equivalents
cash	491,058	1,101,737	144,029	24,872	950,606	-12,588	598,596	373,292	-245,473	510,239	411,300	-87,902	179,660	426,029
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	491,058	1,101,737	144,029	24,872	950,606	-12,588	598,596	373,292	-245,473	510,239	411,300	-87,902	179,660	426,029

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLEVERMED LIMITED group structure

Clevermed Limited has no subsidiary companies.

Ultimate parent company

ASCLEPIUS HOLDINGS JERSEY LTD

#0140902

SYSTEM C HEALTHCARE LIMITED

01754990

2 parents

CLEVERMED LIMITED

03899440

CLEVERMED LIMITED Shareholders

system c healthcare limited

100%

Clevermed Limited currently has 2 directors. The longest serving directors include Mr Jonathan Harston (Feb 2023) and Mr Nicholas Wilson (Feb 2023).

officer	country	age	start	end	role
Mr Jonathan Harston	England	48 years	Feb 2023	-	Director
Mr Nicholas Wilson	England	52 years	Feb 2023	-	Director

P&L

March 2023

turnover

7.5m

+19%

operating profit

-6.6m

-5979%

gross margin

54%

-6.78%

turnover

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

Balance Sheet

March 2023

net assets

1.5m

+1.28%

total assets

9.3m

-0.03%

cash

2.7m

+0.22%

net assets

Total assets minus all liabilities

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1.5

company number

03899440

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

December 1999

age

accounts

Audit Exemption Subsidiary

ultimate parent company

ASCLEPIUS HOLDINGS JERSEY LTD

previous names

N/A

incorporated

address

arden court arden street, stratford-upon-avon, CV37 6NT

last accounts submitted

March 2023

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 1 charges/mortgages relating to clevermed limited. Currently there are 0 open charges and 1 have been satisfied in the past.

clevermed limited Company Information

clevermed limited Estimated Valuation

clevermed limited Estimated Valuation

clevermed limited Estimated Valuation

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