Goldmed Limited

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goldmed limited Company Information

Live

MatureSmallHealthy

Company Number

05285754

Website

goldmed.co.uk

Registered Address

97 london road, leicester, LE2 0PF

Industry

Unlicensed restaurants and cafes

Telephone

01227728222

Next Accounts Due

August 2024

Group Structure

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Directors

Ashok Bagga19 Years

Shareholders

ashok kumar bagga 100%

goldmed limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of GOLDMED LIMITED at £1m based on a Turnover of £1.4m and 0.76x industry multiple (adjusted for size and gross margin).

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Goldmed Limited is a live company located in leicester, LE2 0PF with a Companies House number of 05285754. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in November 2004, it's largest shareholder is ashok kumar bagga with a 100% stake. Goldmed Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Goldmed Limited a 4 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 Rating4out of 5

5 Strong

1 Regular

4 Weak

Size

annual sales of £1.4m, make it larger than the average company (£397.3k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (10.7%)

EXPORT

Goldmed Limited's latest turnover from November 2022 is estimated at £1.4 million and the company has net assets of £69.3 thousand. According to their latest financial statements, we estimate that Goldmed Limited has 29 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	1,364,705	1,108,242	934,888	1,097,831	2,201,366	64,159	58,535	115,098	119,128	21,807	118,553	120,775	125,311	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	784,181	692,851	553,388	647,594	1,283,572	37,956	34,319	65,720	67,275	12,132	65,252	65,394	61,559	0
Gross Profit	580,524	415,392	381,499	450,237	917,794	26,203	24,217	49,379	51,853	9,675	53,301	55,381	63,753	0
Admin Expenses	580,529	474,175	378,018	435,709	937,059	29,812	21,596	57,116	71,276	-1,648	60,237	44,555	37,773	-173,783
Operating Profit	-5	-58,783	3,481	14,528	-19,265	-3,609	2,621	-7,737	-19,423	11,323	-6,936	10,826	25,980	173,783
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	772	1,018	504	1,013	1,022	1,010	1,048	1,109	942	385
Pre-Tax Profit	-5	-58,783	3,481	14,528	-18,493	-2,591	3,125	-6,724	-18,401	12,332	-5,888	11,935	26,922	174,168
Tax	0	0	-661	-2,760	0	0	-625	0	0	-2,836	0	-3,103	-7,538	-48,767
Profit After Tax	-5	-58,783	2,820	11,768	-18,493	-2,591	2,500	-6,724	-18,401	9,496	-5,888	8,832	19,384	125,401
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-5	-58,783	2,820	11,768	-18,493	-2,591	2,500	-6,724	-18,401	9,496	-5,888	8,832	19,384	125,401
Employee Costs	331,715	308,153	79,250	139,283	541,111	21,084	20,082	30,089	28,658	9,558	29,526	29,569	30,072	0
Number Of Employees	29	28	7	13	52	2	2	3	3	1	3	3	3	0
EBITDA*	-5	-58,783	3,481	14,528	-19,265	-2,031	4,238	-6,265	-16,152	15,048	-1,970	17,448	34,809	184,213

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	0	0	33,231	34,288	35,105	8,940	9,164	8,339	9,811	11,175	42,139	47,105	53,727	58,530
Intangible Assets	0	0	0	0	0	27,239	27,239	27,239	27,239	27,239	0	0	0	0
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	10,000	10,000	0	0	0	0	0
Total Fixed Assets	0	0	33,231	34,288	35,105	36,179	36,403	45,578	47,050	38,414	42,139	47,105	53,727	58,530
Stock & work in progress	0	0	0	0	0	1,055	1,195	1,350	1,575	1,950	3,750	2,450	2,870	3,055
Trade Debtors	176,423	211,866	281,694	230,032	201,759	0	0	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	10,000	10,000	0	0	10,000	10,000	0	0	0
Cash	0	0	0	0	0	205,926	201,141	201,753	203,389	205,519	198,447	220,771	222,835	154,097
misc current assets	0	0	0	0	0	0	0	0	0	0	0	10,000	10,000	10,627
total current assets	176,423	211,866	281,694	230,032	201,759	216,981	212,336	203,103	204,964	217,469	212,197	233,221	235,705	167,779
total assets	176,423	211,866	314,925	264,320	236,864	253,160	248,739	248,681	252,014	255,883	254,336	280,326	289,432	226,309
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	107,107	142,545	186,821	139,036	123,348	64,319	63,074	116,580	113,189	0	106,606	114,054	132,875	82,579
Group/Directors Accounts	0	0	0	0	0	33,958	38,958	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	0	0	0	0	0	22,873	12,106	0	0	0	0	0	0	0
total current liabilities	107,107	142,545	186,821	139,036	123,348	121,150	114,138	116,580	113,189	0	106,606	114,054	132,875	82,579
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	98,657	0	12,654	11,771	18,328
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	98,657	0	12,654	11,771	18,328
total liabilities	107,107	142,545	186,821	139,036	123,348	121,150	114,138	116,580	113,189	98,657	106,606	126,708	144,646	100,907
net assets	69,316	69,321	128,104	125,284	113,516	132,010	134,601	132,101	138,825	157,226	147,730	153,618	144,786	125,402
total shareholders funds	69,316	69,321	128,104	125,284	113,516	132,010	134,601	132,101	138,825	157,226	147,730	153,618	144,786	125,402

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-5	-58,783	3,481	14,528	-19,265	-3,609	2,621	-7,737	-19,423	11,323	-6,936	10,826	25,980	173,783
Depreciation	0	0	0	0	0	1,578	1,617	1,472	3,271	3,725	4,966	6,622	8,829	10,430
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-661	-2,760	0	0	-625	0	0	-2,836	0	-3,103	-7,538	-48,767
Stock	0	0	0	0	-1,055	-140	-155	-225	-375	-1,800	1,300	-420	-185	3,055
Debtors	-35,443	-69,828	51,662	28,273	191,759	0	0	0	0	0	10,000	0	0	0
Creditors	-35,438	-44,276	47,785	15,688	59,029	1,245	-53,506	3,391	113,189	-106,606	-7,448	-18,821	50,296	82,579
Accruals and Deferred Income	0	0	0	0	-22,873	10,767	12,106	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	-33,231	-1,057	-817	-173,813	10,121	-37,632	-2,649	97,412	-92,594	-20,718	-4,056	77,752	214,970
Investing Activities
capital expenditure	0	33,231	1,057	817	1,074	-1,354	-2,442	0	-1,907	0	0	0	-4,026	-68,960
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	33,231	1,057	817	1,074	-1,354	-2,442	0	-1,907	0	0	0	-4,026	-68,960
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	-33,958	-5,000	38,958	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	-98,657	98,657	-12,654	883	-6,557	18,328
share issue	0	0	0	0	-1	0	0	0	0	0	0	0	0	1
interest	0	0	0	0	772	1,018	504	1,013	1,022	1,010	1,048	1,109	942	385
cash flow from financing	0	0	0	0	-33,187	-3,982	39,462	1,013	-97,635	99,667	-11,606	1,992	-5,615	18,714
cash and cash equivalents
cash	0	0	0	0	-205,926	4,785	-612	-1,636	-2,130	7,072	-22,324	-2,064	68,738	154,097
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-205,926	4,785	-612	-1,636	-2,130	7,072	-22,324	-2,064	68,738	154,097

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOLDMED LIMITED group structure

Goldmed Limited has no subsidiary companies.

Ultimate parent company

GOLDMED LIMITED

05285754

GOLDMED LIMITED Shareholders

ashok kumar bagga

100%

Goldmed Limited currently has 1 director, Mr Ashok Bagga serving since Nov 2004.

officer	country	age	start	end	role
Mr Ashok Bagga	England	67 years	Nov 2004	-	Director

P&L

November 2022

turnover

1.4m

+23%

operating profit

-5

gross margin

42.6%

+13.49%

turnover

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

Balance Sheet

November 2022

net assets

69.3k

total assets

176.4k

-0.17%

cash

net assets

Total assets minus all liabilities

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company number

05285754

Type

Private limited with Share Capital

industry

56102 - Unlicensed restaurants and cafes

incorporation date

November 2004

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

97 london road, leicester, LE2 0PF

last accounts submitted

November 2022

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 goldmed limited. Currently there are 1 open charges and 0 have been satisfied in the past.

goldmed limited Company Information

goldmed limited Estimated Valuation

goldmed limited Estimated Valuation

goldmed limited Estimated Valuation

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