Medicare Health Limited

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medicare health limited Company Information

Live

EstablishedSmallDeclining

Company Number

06117404

Website

www.medicare.gov

Registered Address

alexander house, 60 - 61 tenby street north, birmingham, B1 3EG

Industry

Dispensing chemist in specialised stores

Telephone

Next Accounts Due

16 days late

Group Structure

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Directors

Harinder Johal17 Years

Shareholders

medicare health holdings limited 100%

medicare health limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of MEDICARE HEALTH LIMITED at £2.1m based on Net Assets of £917.4k and 2.27x industry multiple (adjusted for liquidity).

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Medicare Health Limited is a live company located in birmingham, B1 3EG with a Companies House number of 06117404. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in February 2007, it's largest shareholder is medicare health holdings limited with a 100% stake. Medicare Health Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Medicare Health Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£11.3m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5%)

EXPORT

Medicare Health Limited's latest turnover from August 2022 is estimated at £1.6 million and the company has net assets of £917.4 thousand. According to their latest financial statements, Medicare Health Limited has 13 employees and maintains cash reserves of £160.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,589,727	2,018,185	2,218,002	1,733,066	1,939,143	2,010,444	1,676,055	2,452,189	2,089,424	1,554,993	1,274,056	1,328,723	1,269,671
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,137,433	1,458,335	1,670,561	1,293,012	1,448,322	1,459,437	1,206,200	1,797,207	1,501,821	1,131,748	944,331	987,562	932,951
Gross Profit	452,294	559,850	547,441	440,053	490,821	551,008	469,855	654,982	587,603	423,245	329,725	341,161	336,720
Admin Expenses	677,361	791,374	321,949	485,155	508,421	681,686	545,105	411,796	291,865	178,370	76,482	37,205	-260,745
Operating Profit	-225,067	-231,524	225,492	-45,102	-17,600	-130,678	-75,250	243,186	295,738	244,875	253,243	303,956	597,465
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,412	211	315	2,582	2,110	1,176	1,307	1,709	1,721	1,144	1,118	841	97
Pre-Tax Profit	-222,655	-231,313	225,807	-42,520	-15,490	-129,502	-73,943	244,895	297,458	246,018	254,361	304,797	597,563
Tax	0	0	-42,903	0	0	0	0	-48,979	-68,415	-59,044	-66,134	-85,343	-167,317
Profit After Tax	-222,655	-231,313	182,904	-42,520	-15,490	-129,502	-73,943	195,916	229,043	186,974	188,227	219,454	430,245
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-222,655	-231,313	182,904	-42,520	-15,490	-129,502	-73,943	195,916	229,043	186,974	188,227	219,454	430,245
Employee Costs	279,750	221,873	231,653	241,748	241,566	180,984	197,477	296,678	236,881	184,246	134,297	151,880	128,304
Number Of Employees	13	11	12	13	13	10	11	17	14	11	8	9	8
EBITDA*	-190,479	-200,269	256,458	-14,147	12,363	-91,604	-38,349	283,656	323,858	272,912	259,918	313,172	606,091

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	41,667	28,908	27,971	28,222	25,535	32,314	387,456	398,158	355,521	15,761	18,967	3,207	11,380
Intangible Assets	214,525	235,977	257,430	278,882	300,334	321,787	343,239	364,692	386,144	407,596	429,048	429,048	429,048
Investments & Other	461,356	461,356	458,656	438,855	408,875	408,875	0	0	0	341,105	341,105	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	717,548	726,241	744,057	745,959	734,744	762,976	730,695	762,850	741,665	764,462	789,120	432,255	440,428
Stock & work in progress	64,845	61,482	59,219	68,225	43,408	56,014	49,669	92,151	76,643	85,420	69,900	54,886	56,208
Trade Debtors	314,011	643,986	741,129	499,953	586,709	695,690	478,298	656,225	552,225	386,515	324,644	323,689	320,050
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	160,337	115,354	306,570	323,944	364,480	198,294	742,771	303,013	380,595	307,707	149,790	297,531	38,838
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	539,193	820,822	1,106,918	892,122	994,597	949,998	1,270,738	1,051,389	1,009,463	779,642	544,334	676,106	415,096
total assets	1,256,741	1,547,063	1,850,975	1,638,081	1,729,341	1,712,974	2,001,433	1,814,239	1,751,128	1,544,104	1,333,454	1,108,361	855,524
Bank overdraft	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
Trade Creditors	301,843	361,135	462,205	417,194	450,685	400,140	544,563	263,960	316,560	316,810	271,499	312,827	266,577
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	301,843	361,135	462,205	417,194	450,685	400,140	544,563	263,960	316,560	316,810	271,499	312,827	266,577
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	32,304	41,126	13,066	28,133	43,053	57,476	72,010	98,025	178,230	199,994	221,259	145,735	158,602
provisions	5,154	4,707	4,296	4,250	4,579	8,844	8,844	2,295	2,295	2,300	2,670	0	0
total long term liabilities	37,458	45,833	17,362	32,383	47,632	66,320	80,854	100,320	180,525	202,294	223,929	145,735	158,602
total liabilities	339,301	406,968	479,567	449,577	498,317	466,460	625,417	364,280	497,085	519,104	495,428	458,562	425,179
net assets	917,440	1,140,095	1,371,408	1,188,504	1,231,024	1,246,514	1,376,016	1,449,959	1,254,043	1,025,000	838,026	649,799	430,345
total shareholders funds	917,440	1,140,095	1,371,408	1,188,504	1,231,024	1,246,514	1,376,016	1,449,959	1,254,043	1,025,000	838,026	649,799	430,345

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-225,067	-231,524	225,492	-45,102	-17,600	-130,678	-75,250	243,186	295,738	244,875	253,243	303,956	597,465
Depreciation	13,136	9,803	9,514	9,503	8,511	17,622	15,448	19,018	6,668	6,585	6,675	9,216	8,626
Amortisation	21,452	21,452	21,452	21,452	21,452	21,452	21,453	21,452	21,452	21,452	0	0	0
Tax	0	0	-42,903	0	0	0	0	-48,979	-68,415	-59,044	-66,134	-85,343	-167,317
Stock	3,363	2,263	-9,006	24,817	-12,606	6,345	-42,482	15,508	-8,777	15,520	15,014	-1,322	56,208
Debtors	-329,975	-97,143	241,176	-86,756	-108,981	217,392	-177,927	104,000	165,710	61,871	955	3,639	320,050
Creditors	-59,292	-101,070	45,011	-33,491	50,545	-144,423	280,603	-52,600	-250	45,311	-41,328	46,250	266,577
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	447	411	46	-329	-4,265	0	6,549	0	-5	-370	2,670	0	0
Cash flow from operations	77,288	-206,048	26,442	13,972	180,230	-459,764	469,212	62,569	98,255	181,418	139,157	271,762	329,093
Investing Activities
capital expenditure	-25,895	-10,739	-9,263	-12,190	-1,731	337,520	-4,746	-61,655	-346,428	-3,379	-22,435	-1,043	-449,054
Change in Investments	0	2,700	19,801	29,980	0	408,875	0	0	-341,105	0	341,105	0	0
cash flow from investments	-25,895	-13,439	-29,064	-42,170	-1,731	-71,355	-4,746	-61,655	-5,323	-3,379	-363,540	-1,043	-449,054
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-8,822	28,060	-15,067	-14,920	-14,423	-14,534	-26,015	-80,205	-21,764	-21,265	75,524	-12,867	158,602
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	2,412	211	315	2,582	2,110	1,176	1,307	1,709	1,721	1,144	1,118	841	97
cash flow from financing	-6,410	28,271	-14,752	-12,338	-12,313	-13,358	-24,708	-78,496	-20,043	-20,121	76,642	-12,026	158,799
cash and cash equivalents
cash	44,983	-191,216	-17,374	-40,536	166,186	-544,477	439,758	-77,582	72,888	157,917	-147,741	258,693	38,838
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	44,983	-191,216	-17,374	-40,536	166,186	-544,477	439,758	-77,582	72,888	157,917	-147,741	258,693	38,838

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEDICARE HEALTH LIMITED group structure

Medicare Health Limited has no subsidiary companies.

Ultimate parent company

MEDICARE HEALTH HOLDINGS LIMITED

10721704

1 parent

MEDICARE HEALTH LIMITED

06117404

MEDICARE HEALTH LIMITED Shareholders

medicare health holdings limited

100%

Medicare Health Limited currently has 1 director, Mr Harinder Johal serving since Feb 2007.

officer	country	age	start	end	role
Mr Harinder Johal	England	47 years	Feb 2007	-	Director

P&L

August 2022

turnover

1.6m

-21%

operating profit

-225.1k

gross margin

28.5%

+2.56%

turnover

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

Balance Sheet

August 2022

net assets

917.4k

-0.2%

total assets

1.3m

-0.19%

cash

160.3k

+0.39%

net assets

Total assets minus all liabilities

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company number

06117404

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

February 2007

age

accounts

Unaudited Abridged

ultimate parent company

MEDICARE HEALTH HOLDINGS LIMITED

previous names

N/A

incorporated

address

alexander house, 60 - 61 tenby street north, birmingham, B1 3EG

last accounts submitted

August 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 2 charges/mortgages relating to medicare health limited. Currently there are 2 open charges and 0 have been satisfied in the past.

medicare health limited Company Information

medicare health limited Estimated Valuation

medicare health limited Estimated Valuation

medicare health limited Estimated Valuation

Medicare Health Limited Overview

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MEDICARE HEALTH LIMITED financials

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