accord healthcare limited

accord healthcare limited Company Information

Share ACCORD HEALTHCARE LIMITED
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Company Number

04596349

Industry

Manufacture of pharmaceutical preparations

 

Wholesale of pharmaceutical goods

 

Shareholders

intas pharmaceuticals limited

Group Structure

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Contact

Registered Address

sage house 319 pinner road, north harrow, middlesex, HA1 4HF

accord healthcare limited Estimated Valuation

£451.6m

Pomanda estimates the enterprise value of ACCORD HEALTHCARE LIMITED at £451.6m based on a Turnover of £217.7m and 2.07x industry multiple (adjusted for size and gross margin).

accord healthcare limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ACCORD HEALTHCARE LIMITED at £0 based on an EBITDA of £-21.7m and a 11.58x industry multiple (adjusted for size and gross margin).

accord healthcare limited Estimated Valuation

£187.7m

Pomanda estimates the enterprise value of ACCORD HEALTHCARE LIMITED at £187.7m based on Net Assets of £94m and 2x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Accord Healthcare Limited Overview

Accord Healthcare Limited is a live company located in middlesex, HA1 4HF with a Companies House number of 04596349. It operates in the manufacture of pharmaceutical preparations sector, SIC Code 21200. Founded in November 2002, it's largest shareholder is intas pharmaceuticals limited with a 100% stake. Accord Healthcare Limited is a mature, mega sized company, Pomanda has estimated its turnover at £217.7m with declining growth in recent years.

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Accord Healthcare Limited Health Check

Pomanda's financial health check has awarded Accord Healthcare Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £217.7m, make it larger than the average company (£31.8m)

£217.7m - Accord Healthcare Limited

£31.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (5.4%)

-6% - Accord Healthcare Limited

5.4% - Industry AVG

production

Production

with a gross margin of 37.6%, this company has a lower cost of product (29.1%)

37.6% - Accord Healthcare Limited

29.1% - Industry AVG

profitability

Profitability

an operating margin of -11.4% make it less profitable than the average company (6.3%)

-11.4% - Accord Healthcare Limited

6.3% - Industry AVG

employees

Employees

with 440 employees, this is above the industry average (64)

440 - Accord Healthcare Limited

64 - Industry AVG

paystructure

Pay Structure

on an average salary of £64k, the company has an equivalent pay structure (£70.9k)

£64k - Accord Healthcare Limited

£70.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £494.7k, this is equally as efficient (£567.8k)

£494.7k - Accord Healthcare Limited

£567.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 4 days, this is earlier than average (56 days)

4 days - Accord Healthcare Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is slower than average (32 days)

39 days - Accord Healthcare Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 86 days, this is in line with average (90 days)

86 days - Accord Healthcare Limited

90 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)

0 weeks - Accord Healthcare Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 89.9%, this is a higher level of debt than the average (49%)

89.9% - Accord Healthcare Limited

49% - Industry AVG

ACCORD HEALTHCARE LIMITED financials

EXPORTms excel logo

Accord Healthcare Limited's latest turnover from March 2024 is £217.7 million and the company has net assets of £94 million. According to their latest financial statements, Accord Healthcare Limited has 440 employees and maintains cash reserves of £3.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover217,675,000241,564,000228,450,000260,521,000197,185,000253,732,000466,881,000239,415,000117,175,00097,750,00877,582,87862,038,28528,878,17622,202,28610,299,435
Other Income Or Grants000000000000000
Cost Of Sales135,858,000128,690,000135,600,000182,648,000139,330,000200,039,000289,353,000155,254,00081,188,00069,622,74962,809,56550,268,91832,369,39319,224,6487,831,552
Gross Profit81,817,000112,874,00092,850,00077,873,00057,855,00053,693,000177,528,00084,161,00035,987,00028,127,25914,773,31311,769,367-3,491,2172,977,6382,467,883
Admin Expenses106,585,00089,922,00075,311,00073,155,00067,358,00073,381,000143,392,00080,770,00037,771,00024,733,18920,889,83317,524,15111,002,8567,339,2743,080,217
Operating Profit-24,768,00022,952,00017,539,0004,718,000-9,503,000-19,688,00034,136,0003,391,000-1,784,0003,394,070-6,116,520-5,754,784-14,494,073-4,361,636-612,334
Interest Payable32,703,00024,022,00021,953,00023,623,00027,175,00025,389,00022,457,0004,447,0001,074,000594,889993,387521,2932,018,8815,930349,791
Interest Receivable1,974,00054,782,00013,425,00042,658,00067,362,00050,918,0000204,000345,000156,9892,126682,8965,512637133
Pre-Tax Profit-55,497,00053,712,0009,011,00023,753,00030,684,0005,218,00011,679,000-852,000-2,513,0002,956,1702,317,595-10,645,807-17,969,940-4,366,929-614,944
Tax6,254,000-6,925,0001,170,0003,118,0003,254,0008,133,000-3,270,000-4,753,000-1,077,000-569,789-1,414,1862,416,7583,889,792903,11583,437
Profit After Tax-49,243,00046,787,00010,181,00026,871,00033,938,00013,351,0008,409,000-5,605,000-3,590,0002,386,381903,409-8,229,049-14,080,148-3,463,814-531,507
Dividends Paid000000000000000
Retained Profit-49,243,00046,787,00010,181,00026,871,00033,938,00013,351,0008,409,000-5,605,000-3,590,0002,386,381903,409-8,229,049-14,080,148-3,463,814-531,507
Employee Costs28,176,00033,289,00031,629,00029,462,00026,256,00020,408,00061,658,00030,238,00016,966,00011,616,2108,958,5087,300,9896,252,0553,089,815966,876
Number Of Employees4404454233983353261,1971,0253232021681191045333
EBITDA*-21,657,00032,233,00024,404,00010,862,000-4,903,000-17,500,00049,117,0008,412,000538,0004,135,423-5,551,405-4,444,522-11,872,637-2,658,002456,560

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets33,803,000646,573,000646,437,000650,815,000645,922,000618,975,00072,030,00053,263,00011,222,0005,166,7165,144,5425,389,7705,706,7034,857,9423,929,622
Intangible Assets72,603,00075,260,00035,929,00038,152,00028,613,00016,630,000513,200,000520,525,00013,708,00013,036,121494,058633,67027,701,56824,188,58817,505,666
Investments & Other612,570,000612,631,000609,670,000609,748,000608,198,000590,854,000000000000
Debtors (Due After 1 year)001,990,0003,692,0003,826,0008,482,00000103,000000000
Total Fixed Assets718,976,000721,833,000682,366,000685,275,000670,709,000635,605,000585,230,000573,788,00024,930,00018,202,8375,638,6006,023,44033,408,27129,046,53021,435,288
Stock & work in progress32,067,00034,482,00031,990,00031,744,00035,635,00025,698,000143,432,000134,015,00043,312,00028,441,44923,848,71819,126,66510,441,7306,805,1034,293,237
Trade Debtors2,723,0001,176,0002,697,0001,883,0007,768,0007,489,000129,064,000108,527,00038,915,00032,341,07824,758,19719,669,9709,161,2906,603,1763,169,484
Group Debtors156,068,00052,313,00038,664,00034,567,00097,620,000126,418,000000003,308,2280121,0530
Misc Debtors12,978,0009,620,0002,782,0007,431,00013,356,00013,664,00016,887,00012,718,00011,975,00011,723,50411,304,9609,601,00310,278,8553,458,0951,810,811
Cash3,202,0001,017,000957,00024,192,000252,0001,533,00012,187,00017,367,0004,168,0002,593,4342,275,5481,242,758902,0551,483,6711,053,793
misc current assets0000005,186,00000000000
total current assets207,038,00098,608,00077,090,00099,817,000154,631,000174,802,000306,756,000272,627,00098,370,00075,099,46562,187,42352,948,62430,783,93018,471,09810,327,325
total assets926,014,000820,441,000759,456,000785,092,000825,340,000810,407,000891,986,000846,415,000123,300,00093,302,30267,826,02358,972,06464,192,20147,517,62831,762,613
Bank overdraft100,155,00032,295,00011,255,00005,716,00003,114,0005,370,0003,696,0001,129,418610,067276,072000
Bank loan0101,000,000101,000,000142,853,0000050,635,00003,521,00020,283,4162,195,0002,195,0001,564,32500
Trade Creditors 14,635,0006,483,00010,569,00010,664,0007,655,00011,964,00036,948,00031,134,00013,854,0007,316,6795,181,3165,796,9312,881,5111,046,4181,089,963
Group/Directors Accounts74,578,0000000000027,608,80835,835,99621,482,53431,787,63333,057,14913,568,549
other short term finances0000157,587,000106,686,000000000000
hp & lease commitments149,00090,00099,000132,00000000000000
other current liabilities34,921,00046,970,00039,993,00051,286,00091,328,000126,150,000226,990,000176,840,00065,813,0009,715,4108,328,48512,261,0035,104,3861,792,6781,956,291
total current liabilities224,438,000186,838,000162,916,000204,935,000262,286,000244,800,000317,687,000213,344,00086,884,00066,053,73152,150,86442,011,54041,337,85535,896,24516,614,803
loans605,003,000489,548,000520,567,000983,556,0001,001,350,0001,089,172,000544,230,000752,300,00017,834,00012,823,7872,743,7504,938,7506,778,67500
hp & lease commitments697,000416,000501,000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000294,806,000249,465,00015,065,000000019,9170
provisions1,926,0002,556,0000000000000000
total long term liabilities607,626,000490,410,000498,066,000491,778,000500,675,000544,586,000566,921,000625,615,00023,982,00012,823,7872,743,7504,938,7506,778,67519,9170
total liabilities832,064,000677,248,000660,982,000696,713,000762,961,000789,386,000884,608,000838,959,000110,866,00078,877,51854,894,61446,950,29048,116,53035,916,16216,614,803
net assets93,950,000143,193,00098,474,00088,379,00062,379,00021,021,0007,378,0007,456,00012,434,00014,424,78412,931,40912,021,77416,075,67111,601,46615,147,810
total shareholders funds93,950,000143,193,00098,474,00088,379,00062,379,00021,021,0007,378,0007,456,00012,434,00014,424,78412,931,40912,021,77416,075,67111,601,46615,147,810
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-24,768,00022,952,00017,539,0004,718,000-9,503,000-19,688,00034,136,0003,391,000-1,784,0003,394,070-6,116,520-5,754,784-14,494,073-4,361,636-612,334
Depreciation3,111,0003,003,0002,864,0002,836,0003,915,0001,703,0006,621,0001,715,000555,000475,202397,123471,070412,220364,850284,241
Amortisation06,278,0004,001,0003,308,000685,000485,0008,360,0003,306,0001,767,000266,151167,992839,1922,209,2161,338,784784,653
Tax6,254,000-6,925,0001,170,0003,118,0003,254,0008,133,000-3,270,000-4,753,000-1,077,000-569,789-1,414,1862,416,7583,889,792903,11583,437
Stock-2,415,0002,492,000246,000-3,891,0009,937,000-117,734,0009,417,00090,703,00014,870,5514,592,7314,722,0538,684,9353,636,6272,511,8664,293,237
Debtors108,660,00016,976,000-1,440,000-74,997,000-33,483,00010,102,00024,706,00070,252,0006,928,4188,001,4253,483,95613,139,0569,257,8215,202,0294,980,295
Creditors8,152,000-4,086,000-95,0003,009,000-4,309,000-24,984,0005,814,00017,280,0006,537,3212,135,363-615,6152,915,4201,835,093-43,5451,089,963
Accruals and Deferred Income-12,049,0006,977,000-11,293,000-40,042,000-34,822,000-100,840,00050,150,000111,027,00056,097,5901,386,925-3,932,5187,156,6173,311,708-163,6131,956,291
Deferred Taxes & Provisions-630,0002,556,0000000000000000
Cash flow from operations-126,175,00011,287,00015,380,00055,835,000-17,234,000-27,559,00067,688,000-28,989,00040,296,942-5,506,234-19,719,733-13,779,718-15,730,492-9,675,940-5,687,281
Investing Activities
capital expenditure612,316,000-48,748,000-264,000-20,576,000-43,530,000-52,563,000-26,423,000-553,879,000-9,049,163-14,062,433-196,38026,083,487-7,016,157-9,290,898-5,851,622
Change in Investments-61,0002,961,000-78,0001,550,00017,344,000590,854,000000000000
cash flow from investments612,377,000-51,709,000-186,000-22,126,000-60,874,000-643,417,000-26,423,000-553,879,000-9,049,163-14,062,433-196,38026,083,487-7,016,157-9,290,898-5,851,622
Financing Activities
Bank loans-101,000,0000-41,853,000142,853,0000-50,635,00050,635,000-3,521,000-16,762,41618,088,4160630,6751,564,32500
Group/Directors Accounts74,578,0000000000-27,608,808-8,227,18814,353,462-10,305,099-1,269,51619,488,60013,568,549
Other Short Term Loans 000-157,587,00050,901,000106,686,000000000000
Long term loans115,455,000-31,019,000-462,989,000-17,794,000-87,822,000544,942,000-208,070,000734,466,0005,010,21310,080,037-2,195,000-1,839,9256,778,67500
Hire Purchase and Lease Commitments340,000-94,000468,000132,00000000000000
other long term liabilities00000-294,806,00045,341,000234,400,00015,065,000000-19,91719,9170
share issue0-2,068,000-86,000-871,0007,420,000292,000-8,487,000627,0001,599,216-893,0066,2264,175,15218,554,353-82,53015,679,317
interest-30,729,00030,760,000-8,528,00019,035,00040,187,00025,529,000-22,457,000-4,243,000-729,000-437,900-991,261161,603-2,013,369-5,293-349,658
cash flow from financing58,644,000-2,421,000-512,988,000-14,232,00010,686,000332,008,000-143,038,000961,729,000-23,425,79518,610,35911,173,427-7,177,59423,594,55119,420,69428,898,208
cash and cash equivalents
cash2,185,00060,000-23,235,00023,940,000-1,281,000-10,654,000-5,180,00013,199,0001,574,566317,8861,032,790340,703-581,616429,8781,053,793
overdraft67,860,00021,040,00011,255,000-5,716,0005,716,000-3,114,000-2,256,0001,674,0002,566,582519,351333,995276,072000
change in cash-65,675,000-20,980,000-34,490,00029,656,000-6,997,000-7,540,000-2,924,00011,525,000-992,016-201,465698,79564,631-581,616429,8781,053,793

accord healthcare limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Accord Healthcare Limited Competitor Analysis

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Perform a competitor analysis for accord healthcare limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in HA1 area or any other competitors across 12 key performance metrics.

accord healthcare limited Ownership

ACCORD HEALTHCARE LIMITED group structure

Accord Healthcare Limited has 1 subsidiary company.

Ultimate parent company

INTAS PHARMACEUTICALS LTD

#0052117

2 parents

ACCORD HEALTHCARE LIMITED

04596349

1 subsidiary

ACCORD HEALTHCARE LIMITED Shareholders

intas pharmaceuticals limited 100%

accord healthcare limited directors

Accord Healthcare Limited currently has 6 directors. The longest serving directors include Mr Binish Chudgar (Nov 2002) and Mr John Goddard (Oct 2017).

officercountryagestartendrole
Mr Binish ChudgarUnited Kingdom61 years Nov 2002- Director
Mr John Goddard73 years Oct 2017- Director
Lord Jitesh GadhiaUnited Kingdom54 years Jan 2018- Director
Mr Paul TredwellUnited Kingdom50 years Jun 2019- Director
Mr Pradeep Bhagia44 years Sep 2021- Director
Mr Stephen FordUnited Kingdom56 years Sep 2021- Director

P&L

March 2024

turnover

217.7m

-10%

operating profit

-24.8m

-208%

gross margin

37.6%

-19.56%

turnover

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

Balance Sheet

March 2024

net assets

94m

-0.34%

total assets

926m

+0.13%

cash

3.2m

+2.15%

net assets

Total assets minus all liabilities

accord healthcare limited company details

company number

04596349

Type

Private limited with Share Capital

industry

21200 - Manufacture of pharmaceutical preparations

46460 - Wholesale of pharmaceutical goods

incorporation date

November 2002

age

22

incorporated

UK

ultimate parent company

INTAS PHARMACEUTICALS LTD

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

ERNST & YOUNG LLP

address

sage house 319 pinner road, north harrow, middlesex, HA1 4HF

Bank

-

Legal Advisor

-

accord healthcare 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 found 5 charges/mortgages relating to accord healthcare limited. Currently there are 0 open charges and 5 have been satisfied in the past.

accord healthcare 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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accord healthcare limited Companies House Filings - See Documents

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