Med Race Technologies Limited

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med race technologies limited Company Information

Company Number

06062134

Next Accounts

Jan 2026

Directors

Lee Whitton

Steven Whitton

Shareholders

angela susan whitton

med group incorporated limited

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Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

unit 3a tungsten park, bilton way, lutterworth, leicestershire, LE17 4JA

Website

www.med-engineering.co.uk

med race technologies limited Estimated Valuation

£312.5k

Pomanda estimates the enterprise value of MED RACE TECHNOLOGIES LIMITED at £312.5k based on a Turnover of £559.3k and 0.56x industry multiple (adjusted for size and gross margin).

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Med Race Technologies Limited is a live company located in lutterworth, LE17 4JA with a Companies House number of 06062134. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2007, it's largest shareholder is angela susan whitton with a 33.3% stake. Med Race Technologies Limited is a established, small sized company, Pomanda has estimated its turnover at £559.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Med Race Technologies Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £559.3k, make it smaller than the average company (£4.3m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (9.1%)

EXPORT

Med Race Technologies Limited's latest turnover from April 2024 is estimated at £559.3 thousand and the company has net assets of £66.6 thousand. According to their latest financial statements, Med Race Technologies Limited has 5 employees and maintains cash reserves of £58.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	559,264	546,212	472,889	468,778	456,316	380,142	398,331	377,136	385,133	763,308	568,894	454,133	475,923	451,689	312,357
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	349,298	338,372	293,739	296,805	286,143	239,605	249,313	231,933	240,399	485,008	366,184	292,125	297,808	273,836	186,038
Gross Profit	209,966	207,840	179,150	171,973	170,173	140,536	149,018	145,203	144,734	278,299	202,710	162,008	178,116	177,854	126,319
Admin Expenses	212,648	210,324	178,752	166,892	168,964	140,841	149,064	143,562	143,330	278,209	212,426	281,980	107,763	144,344	-21,271
Operating Profit	-2,682	-2,484	398	5,081	1,209	-305	-46	1,641	1,404	90	-9,716	-119,972	70,353	33,510	147,590
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,299	2,594	394	40	56	637	342	115	215	224	210	537	773	569	239
Pre-Tax Profit	617	109	793	5,121	1,264	332	296	1,756	1,619	314	-9,506	-119,435	71,126	34,078	147,829
Tax	-154	-27	-151	-973	-240	-63	-56	-334	-324	-63	0	0	-17,070	-8,860	-41,392
Profit After Tax	463	82	642	4,148	1,024	269	240	1,422	1,295	251	-9,506	-119,435	54,056	25,218	106,437
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	463	82	642	4,148	1,024	269	240	1,422	1,295	251	-9,506	-119,435	54,056	25,218	106,437
Employee Costs	253,496	289,478	274,847	257,689	254,284	208,494	235,188	229,692	191,753	228,427	191,056	149,108	148,797	145,443	107,379
Number Of Employees	5	6	6	6	6	5	6	6	5	6	5	4	4	4	3
EBITDA*	-2,682	-2,484	398	5,081	1,209	-305	-46	10,641	14,517	23,032	5,743	-107,065	81,164	44,482	157,077

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	0	0	0	0	0	0	0	0	16,453	48,017	16,782	9,041	3,162	4,973	1,005
Intangible Assets	0	0	0	0	0	0	0	0	9,000	18,000	27,000	36,000	45,000	54,000	63,000
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	0	0	0	0	0	0	0	0	25,453	66,017	43,782	45,041	48,162	58,973	64,005
Stock & work in progress	467,157	337,691	214,328	160,631	152,228	125,774	120,198	119,284	114,783	107,454	104,889	83,731	107,326	81,637	65,044
Trade Debtors	12,428	12,778	17,970	17,099	13,939	28,315	18,674	18,257	21,781	37,977	18,241	18,218	8,705	13,917	4,067
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,963	20,873	21,236	26,504	5,515	12,006	20,605	31,099	6,167	0	0	0	0	0	0
Cash	58,454	67,238	54,809	50,290	28,884	82,217	87,695	49,051	42,993	43,046	46,564	37,533	177,325	131,883	95,624
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	549,002	438,580	308,343	254,524	200,566	248,312	247,172	217,691	185,724	188,477	169,694	139,482	293,356	227,437	164,735
total assets	549,002	438,580	308,343	254,524	200,566	248,312	247,172	217,691	211,177	254,494	213,476	184,523	341,518	286,410	228,740
Bank overdraft	0	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	0
Trade Creditors	20,711	41,625	40,328	66,724	47,361	13,026	23,989	17,656	30,237	197,468	156,701	118,242	155,802	154,750	122,298
Group/Directors Accounts	391,201	250,974	124,148	46,246	34,044	94,797	105,629	101,670	86,705	0	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	0	0
other current liabilities	70,479	79,833	77,801	76,130	57,885	80,237	57,571	38,622	35,914	0	0	0	0	0	0
total current liabilities	482,391	372,432	242,277	189,100	139,290	188,060	187,189	157,948	152,856	197,468	156,701	118,242	155,802	154,750	122,298
loans	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	0	0
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	0	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	0	0	0	0	0	0
total liabilities	482,391	372,432	242,277	189,100	139,290	188,060	187,189	157,948	152,856	197,468	156,701	118,242	155,802	154,750	122,298
net assets	66,611	66,148	66,066	65,424	61,276	60,252	59,983	59,743	58,321	57,026	56,775	66,281	185,716	131,660	106,442
total shareholders funds	66,611	66,148	66,066	65,424	61,276	60,252	59,983	59,743	58,321	57,026	56,775	66,281	185,716	131,660	106,442

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-2,682	-2,484	398	5,081	1,209	-305	-46	1,641	1,404	90	-9,716	-119,972	70,353	33,510	147,590
Depreciation	0	0	0	0	0	0	0	0	4,113	13,942	6,459	3,907	1,811	1,972	487
Amortisation	0	0	0	0	0	0	0	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000
Tax	-154	-27	-151	-973	-240	-63	-56	-334	-324	-63	0	0	-17,070	-8,860	-41,392
Stock	129,466	123,363	53,697	8,403	26,454	5,576	914	4,501	7,329	2,565	21,158	-23,595	25,689	16,593	65,044
Debtors	-10,260	-5,555	-4,397	24,149	-20,867	1,042	-10,077	21,408	-10,029	19,736	23	9,513	-5,212	9,850	4,067
Creditors	-20,914	1,297	-26,396	19,363	34,335	-10,963	6,333	-12,581	-167,231	40,767	38,459	-37,560	1,052	32,452	122,298
Accruals and Deferred Income	-9,354	2,032	1,671	18,245	-22,352	22,666	18,949	2,708	35,914	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-152,310	-116,990	-73,778	9,164	7,365	4,717	34,343	-25,475	-114,424	41,435	23,021	-130,543	44,669	41,631	168,872
Investing Activities
capital expenditure	0	0	0	0	0	0	0	16,453	27,451	-45,177	-14,200	-9,786	0	-5,940	-73,492
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	16,453	27,451	-45,177	-14,200	-9,786	0	-5,940	-73,492
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	140,227	126,826	77,902	12,202	-60,753	-10,832	3,959	14,965	86,705	0	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	0	0	0	0	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5
interest	3,299	2,594	394	40	56	637	342	115	215	224	210	537	773	569	239
cash flow from financing	143,526	129,420	78,296	12,242	-60,697	-10,195	4,301	15,080	86,920	224	210	537	773	569	244
cash and cash equivalents
cash	-8,784	12,429	4,519	21,406	-53,333	-5,478	38,644	6,058	-53	-3,518	9,031	-139,792	45,442	36,259	95,624
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-8,784	12,429	4,519	21,406	-53,333	-5,478	38,644	6,058	-53	-3,518	9,031	-139,792	45,442	36,259	95,624

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MED RACE TECHNOLOGIES LIMITED group structure

Med Race Technologies Limited has no subsidiary companies.

Ultimate parent company

LS2 HOLDINGS LIMITED

12868811

MED GROUP INCORPORATED LIMITED

05375654

2 parents

MED RACE TECHNOLOGIES LIMITED

06062134

MED RACE TECHNOLOGIES LIMITED Shareholders

angela susan whitton	33.33%
med group incorporated limited	33.33%
lee ryan whitton	16.67%
steven john whitton	16.67%

Med Race Technologies Limited currently has 2 directors. The longest serving directors include Mr Lee Whitton (Jan 2007) and Mr Steven Whitton (Jan 2007).

officer	country	age	start	end	role
Mr Lee Whitton	England	43 years	Jan 2007	-	Director
Mr Steven Whitton	United Kingdom	71 years	Jan 2007	-	Director

P&L

April 2024

turnover

559.3k

+2%

operating profit

-2.7k

gross margin

37.6%

-1.33%

turnover

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

Balance Sheet

April 2024

net assets

66.6k

+0.01%

total assets

549k

+0.25%

cash

58.5k

-0.13%

net assets

Total assets minus all liabilities

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company number

06062134

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

January 2007

ultimate parent company

LS2 HOLDINGS LIMITED

previous names

N/A

address

unit 3a tungsten park, bilton way, lutterworth, leicestershire, LE17 4JA

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

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med race technologies limited Company Information

med race technologies limited Estimated Valuation

med race technologies limited Estimated Valuation

med race technologies limited Estimated Valuation

Med Race Technologies Limited Overview

Med Race Technologies Limited Health Check

MED RACE TECHNOLOGIES LIMITED financials

med race technologies limited Credit Report and Business Information

Med Race Technologies Limited Competitor Analysis

med race technologies limited Ownership

med race technologies limited directors

med race technologies limited company details

med race technologies limited Charges & Mortgages

med race technologies limited Capital Raised & Share Issues BETA

med race technologies limited Companies House Filings - See Documents