Principle Healthcare Limited

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principle healthcare limited Company Information

Live

MatureMidHigh

Company Number

04283476

Website

www.principlehealthcare.com

Registered Address

airedale business centre, millenium road, skipton, north yorkshire, BD23 2TZ

Industry

Wholesale of pharmaceutical goods

Manufacture of basic pharmaceutical products

Telephone

01756792600

Next Accounts Due

September 2025

Group Structure

View All

Directors

John Sutcliffe1 Years

Shareholders

principle healthcare international limited 100%

principle healthcare limited Estimated Valuation

£17.8m

Pomanda estimates the enterprise value of PRINCIPLE HEALTHCARE LIMITED at £17.8m based on a Turnover of £19.2m and 0.93x industry multiple (adjusted for size and gross margin).

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Principle Healthcare Limited is a live company located in skipton, BD23 2TZ with a Companies House number of 04283476. It operates in the manufacture of basic pharmaceutical products sector, SIC Code 21100. Founded in September 2001, it's largest shareholder is principle healthcare international limited with a 100% stake. Principle Healthcare Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.2m with high growth in recent years.

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Pomanda's financial health check has awarded Principle Healthcare Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £19.2m, make it smaller than the average company (£29.8m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (4.8%)

EXPORT

Principle Healthcare Limited's latest turnover from December 2023 is £19.2 million and the company has net assets of £3.1 million. According to their latest financial statements, Principle Healthcare Limited has 15 employees and maintains cash reserves of £735.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	19,160,585	16,396,860	15,034,977	10,928,694	10,445,758	11,256,208	12,689,450	13,276,016	13,301,817	14,975,080	10,595,104	11,364,154	10,057,800	9,639,125	9,669,524
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	16,938,413	14,606,938	13,145,790	7,310,607	9,185,112	10,063,927	11,359,477	11,700,216	11,247,775	10,090,739	7,710,627	8,435,363	7,498,344	7,773,050	7,631,213
Gross Profit	2,222,172	1,789,922	1,889,187	3,618,087	1,260,646	1,192,281	1,329,973	1,575,800	2,054,042	4,884,341	2,884,477	2,928,791	2,559,456	1,866,075	2,038,311
Admin Expenses	1,496,644	1,489,611	1,235,636	3,534,536	924,955	1,221,860	1,352,861	1,398,394	1,792,456	4,593,656	2,477,748	2,487,388	2,047,260	1,523,739	1,688,399
Operating Profit	725,528	300,311	653,551	83,551	335,691	-29,579	-22,888	177,406	261,586	290,685	406,729	441,403	512,196	342,336	349,912
Interest Payable	5,002	6,313	7,471	26,517	4,921	38,606	37,614	45,069	68,868	60,459	17,127	52,500	63,659	34,121	44,194
Interest Receivable	0	0	0	249	0	0	0	0	0	1,435	0	0	0	0	0
Pre-Tax Profit	720,526	293,998	646,080	57,283	330,770	-68,185	-60,502	132,337	192,718	231,661	389,602	388,903	448,537	308,215	305,718
Tax	-99,796	-35,342	-123,160	-10,884	-64,821	12,844	11,502	-28,387	-38,047	-54,933	-101,307	-158,487	-120,602	-100,675	-84,123
Profit After Tax	620,730	258,656	522,920	46,399	265,949	-55,341	-49,000	103,950	154,671	176,728	288,295	230,416	327,935	207,540	221,595
Dividends Paid	0	0	0	0	400,000	0	0	0	0	0	0	0	0	0	0
Retained Profit	620,730	258,656	522,920	46,399	-134,051	-55,341	-49,000	103,950	154,671	176,728	288,295	230,416	327,935	207,540	221,595
Employee Costs	705,498	726,282	374,056	795,879	515,102	719,227	940,367	904,148	1,217,010	2,048,492	1,886,765	1,858,645	1,483,510	1,537,063	1,661,493
Number Of Employees	15	15	14	13	12	12	23	22	21	43	43	45	43	47	43
EBITDA*	740,428	316,223	664,365	88,316	341,188	-26,174	-21,312	184,384	358,670	337,710	459,727	786,213	584,365	430,032	434,239

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	31,476	46,376	57,598	17,612	16,877	22,374	6,176	7,752	6,846	94,270	80,230	87,607	150,490	191,391	257,330
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	31,476	46,376	57,598	17,612	16,877	22,374	6,176	7,752	6,846	94,270	80,230	87,607	150,490	191,391	257,330
Stock & work in progress	5,174,317	3,595,292	2,734,473	1,781,200	495,755	599,900	618,933	766,462	700,779	1,503,277	1,320,147	871,050	983,252	1,132,857	966,230
Trade Debtors	3,204,425	1,929,135	2,020,019	2,073,793	2,136,316	1,187,798	1,499,656	3,315,355	3,282,022	3,058,329	1,145,918	2,093,573	1,681,414	1,498,198	1,884,101
Group Debtors	228,094	229,436	0	67,148	0	1,854,592	2,107,882	773,883	555,335	0	1,094,120	1,139,985	485,107	1,052,377	472,990
Misc Debtors	90,143	79,518	76,876	84,699	36,118	63,565	68,487	430,585	1,019,528	358,925	122,236	26,032	191	185,861	163,368
Cash	735,315	414,539	773,506	470,952	360,535	26,733	40,813	22,729	33,610	1,352,688	178,255	1,467	189,671	2,230	3,162
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	9,432,294	6,247,920	5,604,874	4,477,792	3,028,724	3,732,588	4,335,771	5,309,014	5,591,274	6,273,219	3,860,676	4,132,107	3,339,635	3,871,523	3,489,851
total assets	9,463,770	6,294,296	5,662,472	4,495,404	3,045,601	3,754,962	4,341,947	5,316,766	5,598,120	6,367,489	3,940,906	4,219,714	3,490,125	4,062,914	3,747,181
Bank overdraft	0	0	0	0	0	869,403	1,178,568	2,106,582	2,305,286	2,080,196	671,847	1,286,085	1,033,254	1,262,427	1,282,002
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	36,514
Trade Creditors	5,484,439	2,611,252	1,898,125	2,381,320	1,294,630	1,073,270	1,243,092	1,224,220	1,278,715	1,952,027	1,522,967	1,240,228	1,010,347	1,718,099	1,513,013
Group/Directors Accounts	1,552	710,903	683,834	66,360	0	0	0	0	48,998	441,074	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	192	2,311
other current liabilities	871,878	478,047	847,585	344,106	227,803	154,549	207,231	223,593	306,880	391,992	420,620	606,406	589,945	496,344	499,829
total current liabilities	6,357,869	3,800,202	3,429,544	2,791,786	1,522,433	2,097,222	2,628,891	3,554,395	3,939,879	4,865,289	2,615,434	3,132,719	2,633,546	3,477,062	3,333,669
loans	0	0	0	0	0	0	0	0	0	0	0	49,818	49,818	107,026	142,048
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	178
Accruals and Deferred Income	0	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	0
provisions	716	9,639	7,129	739	739	1,260	1,235	1,550	1,370	0	0	0	0	0	0
total long term liabilities	716	9,639	7,129	739	739	1,260	1,235	1,550	1,370	0	0	49,818	49,818	107,026	142,226
total liabilities	6,358,585	3,809,841	3,436,673	2,792,525	1,523,172	2,098,482	2,630,126	3,555,945	3,941,249	4,865,289	2,615,434	3,182,537	2,683,364	3,584,088	3,475,895
net assets	3,105,185	2,484,455	2,225,799	1,702,879	1,522,429	1,656,480	1,711,821	1,760,821	1,656,871	1,502,200	1,325,472	1,037,177	806,761	478,826	271,286
total shareholders funds	3,105,185	2,484,455	2,225,799	1,702,879	1,522,429	1,656,480	1,711,821	1,760,821	1,656,871	1,502,200	1,325,472	1,037,177	806,761	478,826	271,286

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	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	725,528	300,311	653,551	83,551	335,691	-29,579	-22,888	177,406	261,586	290,685	406,729	441,403	512,196	342,336	349,912
Depreciation	14,900	15,912	10,814	4,765	5,497	3,405	1,576	6,978	97,084	47,025	52,998	344,810	72,169	87,696	84,327
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-99,796	-35,342	-123,160	-10,884	-64,821	12,844	11,502	-28,387	-38,047	-54,933	-101,307	-158,487	-120,602	-100,675	-84,123
Stock	1,579,025	860,819	953,273	1,181,300	-104,145	-19,033	-147,529	65,683	-802,498	183,130	449,097	-112,202	-149,605	166,627	966,230
Debtors	1,284,573	141,194	-128,745	-880,315	-933,521	-570,070	-843,798	-337,062	1,439,631	1,054,980	-897,316	1,092,878	-569,724	215,977	2,520,459
Creditors	2,873,187	713,127	-483,195	1,308,050	221,360	-169,822	18,872	-54,495	-673,312	429,060	282,739	229,881	-707,752	205,086	1,513,013
Accruals and Deferred Income	393,831	-369,538	503,479	189,557	73,254	-52,682	-16,362	-83,287	-85,112	-28,628	-185,786	16,461	93,601	-3,485	499,829
Deferred Taxes & Provisions	-8,923	2,510	6,390	-521	-521	25	-315	180	1,370	0	0	0	0	0	0
Cash flow from operations	1,035,129	-375,033	-256,649	1,273,533	1,608,126	353,294	983,712	289,774	-1,073,564	-554,901	903,592	-106,608	568,941	148,354	-1,123,731
Investing Activities
capital expenditure	0	-4,690	-50,800	-3	0	0	0	0	100,338	-61,065	-45,621	-281,927	-30,734	-21,757	54,262
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-4,690	-50,800	-3	0	0	0	0	100,338	-61,065	-45,621	-281,927	-30,734	-21,757	54,262
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	-36,514	36,514
Group/Directors Accounts	-709,351	27,069	617,474	66,360	0	0	0	-48,998	-392,076	441,074	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	-49,818	0	-57,208	-35,022	142,048
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	-192	-2,297	2,489
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	49,691
interest	-5,002	-6,313	-7,471	-26,268	-4,921	-38,606	-37,614	-45,069	-68,868	-59,024	-17,127	-52,500	-63,659	-34,121	-44,194
cash flow from financing	-714,353	20,756	610,003	40,092	-4,921	-38,606	-37,614	-94,067	-460,944	382,050	-66,945	-52,500	-121,059	-107,954	186,548
cash and cash equivalents
cash	320,776	-358,967	302,554	444,219	333,802	-14,080	18,084	-10,881	-1,319,078	1,174,433	176,788	-188,204	187,441	-932	3,162
overdraft	0	0	0	-869,403	-869,403	-309,165	-928,014	-198,704	225,090	1,408,349	-614,238	252,831	-229,173	-19,575	1,282,002
change in cash	320,776	-358,967	302,554	1,313,622	1,203,205	295,085	946,098	187,823	-1,544,168	-233,916	791,026	-441,035	416,614	18,643	-1,278,840

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRINCIPLE HEALTHCARE LIMITED group structure

Principle Healthcare Limited has no subsidiary companies.

Ultimate parent company

EURO VITAL PHARMA HOLDINGS GMBH

#0131739

PRINCIPLE HEALTHCARE INTERNATIONAL LIMITED

05019943

2 parents

PRINCIPLE HEALTHCARE LIMITED

04283476

PRINCIPLE HEALTHCARE LIMITED Shareholders

principle healthcare international limited

100%

Principle Healthcare Limited currently has 1 director, Mr John Sutcliffe serving since Jul 2023.

officer	country	age	start	end	role
Mr John Sutcliffe		50 years	Jul 2023	-	Director

P&L

December 2023

turnover

19.2m

+17%

operating profit

725.5k

+142%

gross margin

11.6%

+6.24%

turnover

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

Balance Sheet

December 2023

net assets

3.1m

+0.25%

total assets

9.5m

+0.5%

cash

735.3k

+0.77%

net assets

Total assets minus all liabilities

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company number

04283476

Type

Private limited with Share Capital

industry

46460 - Wholesale of pharmaceutical goods

21100 - Manufacture of basic pharmaceutical products

incorporation date

September 2001

accounts

Full Accounts

ultimate parent company

EURO VITAL PHARMA HOLDINGS GMBH

previous names

N/A

last accounts submitted

December 2023

address

airedale business centre, millenium road, skipton, north yorkshire, BD23 2TZ

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 14 charges/mortgages relating to principle healthcare limited. Currently there are 1 open charges and 13 have been satisfied in the past.

principle healthcare limited Company Information

principle healthcare limited Estimated Valuation

principle healthcare limited Estimated Valuation

principle healthcare limited Estimated Valuation

Principle Healthcare Limited Overview

Principle Healthcare Limited Health Check

PRINCIPLE HEALTHCARE LIMITED financials

principle healthcare limited Credit Report and Business Information

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principle healthcare limited Ownership

principle healthcare limited directors

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