Drin-med International Limited

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drin-med international limited Company Information

Company Number

04888482

Next Accounts

Dec 2025

Directors

Nutan Joshi

Dilip Joshi

Shareholders

mr dilip joshi

mrs nutan joshi

Group Structure

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Industry

Dispensing chemist in specialised stores

Registered Address

34 queensbury station parade, edgware, HA8 5NN

Website

drin-med international limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of DRIN-MED INTERNATIONAL LIMITED at £1.1m based on Net Assets of £509.9k and 2.09x industry multiple (adjusted for liquidity).

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Drin-med International Limited is a live company located in edgware, HA8 5NN with a Companies House number of 04888482. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in September 2003, it's largest shareholder is mr dilip joshi with a 50% stake. Drin-med International Limited is a mature, micro sized company, Pomanda has estimated its turnover at £484.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Drin-Med International Limited a 3.5 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

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £484.1k, make it smaller than the average company (£12.6m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (7.4%)

EXPORT

Drin-Med International Limited's latest turnover from March 2024 is estimated at £484.1 thousand and the company has net assets of £509.9 thousand. According to their latest financial statements, we estimate that Drin-Med International Limited has 4 employees and maintains cash reserves of £596 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	484,057	546,792	737,150	681,458	466,993	444,924	561,444	482,005	350,933	537,416	580,393	549,147	705,453	859,936	1,118,726
Other Income Or Grants
Cost Of Sales	332,192	368,471	494,077	469,763	323,909	305,820	380,065	327,021	242,854	375,073	402,038	382,272	499,509	604,896	778,910
Gross Profit	151,865	178,322	243,073	211,695	143,084	139,103	181,379	154,983	108,078	162,343	178,355	166,876	205,944	255,040	339,816
Admin Expenses	125,291	247,628	151,431	170,025	168,914	129,936	159,728	153,736	86,803	107,991	198,698	106,555	149,986	158,914	-45,176
Operating Profit	26,574	-69,306	91,642	41,670	-25,830	9,167	21,651	1,247	21,275	54,352	-20,343	60,321	55,958	96,126	384,992
Interest Payable	4,775	5,607	3,122	1,525		1,265	4,685	5,758	2,521
Interest Receivable	23	2,146	522	22	14	254	176	64	86	28	11	61	57	3	1
Pre-Tax Profit	21,821	-72,768	89,042	40,167	-25,816	8,157	17,142	-4,447	18,840	54,380	-20,332	60,382	56,015	96,129	384,993
Tax	-5,455		-16,918	-7,632		-1,550	-3,257		-3,768	-11,420		-14,492	-14,564	-26,916	-107,798
Profit After Tax	16,366	-72,768	72,124	32,535	-25,816	6,607	13,885	-4,447	15,072	42,960	-20,332	45,890	41,451	69,213	277,195
Dividends Paid
Retained Profit	16,366	-72,768	72,124	32,535	-25,816	6,607	13,885	-4,447	15,072	42,960	-20,332	45,890	41,451	69,213	277,195
Employee Costs	106,619	97,924	137,008	124,977	82,124	82,013	96,342	92,587	69,622	86,403	86,135	84,262	100,498	118,235	150,907
Number Of Employees	4	4	6	6	4	4	5	5	4	5	5	5	6	7	9
EBITDA*	31,657	-63,115	96,887	46,817	-16,424	18,991	31,755	11,668	31,882	65,059	-10,839	70,467	65,821	106,318	443,062

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	28,806	32,682	29,719	29,169	24,666	32,088	38,729	45,575	51,689	57,300	55,532	64,243	67,676	74,594	82,088
Intangible Assets	525,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	420,000
Investments & Other
Debtors (Due After 1 year)										81,782	91,670	91,115	107,022
Total Fixed Assets	553,806	557,682	554,719	554,169	549,666	557,088	563,729	570,575	576,689	664,082	672,202	680,358	699,698	599,594	502,088
Stock & work in progress	54,000	54,000	44,000	40,000	38,000	38,000	40,000	40,000	40,000	42,000	40,000	40,000	40,000	45,000	40,000
Trade Debtors	45,900	59,514	89,560	100,884	53,683	51,014	74,714	74,589	42,556					108,236	170,476
Group Debtors
Misc Debtors	21,984	16,671	20,732	20,241	15,633	10,915	9,688	11,597	12,553
Cash	596	280	100,694	38,407	4,704	23,383	44,429	25,964	25,399	8,904	2,110	2,092	22,106	632	549
misc current assets
total current assets	122,480	130,465	254,986	199,532	112,020	123,312	168,831	152,150	120,508	50,904	42,110	42,092	62,106	153,868	211,025
total assets	676,286	688,147	809,705	753,701	661,686	680,400	732,560	722,725	697,197	714,986	714,312	722,450	761,804	753,462	713,113
Bank overdraft	14,752	42,951	11,040				37,470	51,365	5,034
Bank loan
Trade Creditors	103,557	117,534	149,139	138,143	145,794	112,134	147,290	93,028	91,892	183,825	211,718	187,477	259,784	282,549	305,465
Group/Directors Accounts								26,312	27,454
other short term finances
hp & lease commitments
other current liabilities	44,803	10,123	51,719	71,335	54,203	80,762	66,903	29,679	28,827
total current liabilities	163,112	170,608	211,898	209,478	199,997	192,896	251,663	200,384	153,207	183,825	211,718	187,477	259,784	282,549	305,465
loans	3,229	23,960	31,460	50,000				55,329	72,531
hp & lease commitments
Accruals and Deferred Income
other liabilities					1					74,774	89,167	101,214	114,151	124,495	130,443
provisions
total long term liabilities	3,229	23,960	31,460	50,000	1			55,329	72,531	74,774	89,167	101,214	114,151	124,495	130,443
total liabilities	166,341	194,568	243,358	259,478	199,998	192,896	251,663	255,713	225,738	258,599	300,885	288,691	373,935	407,044	435,908
net assets	509,945	493,579	566,347	494,223	461,688	487,504	480,897	467,012	471,459	456,387	413,427	433,759	387,869	346,418	277,205
total shareholders funds	509,945	493,579	566,347	494,223	461,688	487,504	480,897	467,012	471,459	456,387	413,427	433,759	387,869	346,418	277,205

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	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	26,574	-69,306	91,642	41,670	-25,830	9,167	21,651	1,247	21,275	54,352	-20,343	60,321	55,958	96,126	384,992
Depreciation	5,083	6,191	5,245	5,147	9,406	9,824	10,104	10,421	10,607	10,707	9,504	10,146	9,863	10,192	5,570
Amortisation															52,500
Tax	-5,455		-16,918	-7,632		-1,550	-3,257		-3,768	-11,420		-14,492	-14,564	-26,916	-107,798
Stock		10,000	4,000	2,000		-2,000			-2,000	2,000			-5,000	5,000	40,000
Debtors	-8,301	-34,107	-10,833	51,809	7,387	-22,473	-1,784	31,077	-26,673	-9,888	555	-15,907	-1,214	-62,240	170,476
Creditors	-13,977	-31,605	10,996	-7,651	33,660	-35,156	54,262	1,136	-91,933	-27,893	24,241	-72,307	-22,765	-22,916	305,465
Accruals and Deferred Income	34,680	-41,596	-19,616	17,132	-26,559	13,859	37,224	852	28,827
Deferred Taxes & Provisions
Cash flow from operations	55,206	-112,209	78,182	-5,143	-16,710	20,617	121,768	-17,421	-6,319	33,634	12,847	-425	34,706	113,726	430,253
Investing Activities
capital expenditure	-1,207	-9,154	-5,795	-9,650	-1,984	-3,183	-3,258	-4,307	-4,996	-12,475	-793	-6,713	-2,945	-107,698	-560,158
Change in Investments
cash flow from investments	-1,207	-9,154	-5,795	-9,650	-1,984	-3,183	-3,258	-4,307	-4,996	-12,475	-793	-6,713	-2,945	-107,698	-560,158
Financing Activities
Bank loans
Group/Directors Accounts							-26,312	-1,142	27,454
Other Short Term Loans
Long term loans	-20,731	-7,500	-18,540	50,000			-55,329	-17,202	72,531
Hire Purchase and Lease Commitments
other long term liabilities				-1	1				-74,774	-14,393	-12,047	-12,937	-10,344	-5,948	130,443
share issue															10
interest	-4,752	-3,461	-2,600	-1,503	14	-1,011	-4,509	-5,694	-2,435	28	11	61	57	3	1
cash flow from financing	-25,483	-10,961	-21,140	48,496	15	-1,011	-86,150	-24,038	22,776	-14,365	-12,036	-12,876	-10,287	-5,945	130,454
cash and cash equivalents
cash	316	-100,414	62,287	33,703	-18,679	-21,046	18,465	565	16,495	6,794	18	-20,014	21,474	83	549
overdraft	-28,199	31,911	11,040			-37,470	-13,895	46,331	5,034
change in cash	28,515	-132,325	51,247	33,703	-18,679	16,424	32,360	-45,766	11,461	6,794	18	-20,014	21,474	83	549

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRIN-MED INTERNATIONAL LIMITED group structure

Drin-Med International Limited has no subsidiary companies.

Ultimate parent company

DRIN-MED INTERNATIONAL LIMITED

04888482

DRIN-MED INTERNATIONAL LIMITED Shareholders

mr dilip joshi	50%
mrs nutan joshi	50%

Drin-Med International Limited currently has 2 directors. The longest serving directors include Mrs Nutan Joshi (Sep 2003) and Mr Dilip Joshi (Sep 2003).

officer	country	age	start	end	role
Mrs Nutan Joshi	England	66 years	Sep 2003	-	Director
Mr Dilip Joshi		67 years	Sep 2003	-	Director

P&L

March 2024

turnover

484.1k

-11%

operating profit

26.6k

gross margin

31.4%

-3.8%

turnover

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

Balance Sheet

March 2024

net assets

509.9k

+0.03%

total assets

676.3k

-0.02%

cash

596

+1.13%

net assets

Total assets minus all liabilities

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company number

04888482

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

September 2003

ultimate parent company

None

previous names

N/A

address

34 queensbury station parade, edgware, HA8 5NN

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.

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drin-med international limited Company Information

drin-med international limited Estimated Valuation

drin-med international limited Estimated Valuation

drin-med international limited Estimated Valuation

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DRIN-MED INTERNATIONAL LIMITED financials

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drin-med international limited Ownership

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