new medical systems limited

new medical systems limited Company Information

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EstablishedLargeRapid

Company Number

06211226

Industry

Hospital activities

 

Specialist medical practice activities

 

Shareholders

specsavers eye care services ltd

Group Structure

View All

Contact

Registered Address

forum 6, parkway, solent business park, whiteley, fareham, hampshire, PO15 7PA

new medical systems limited Estimated Valuation

£28.8m

Pomanda estimates the enterprise value of NEW MEDICAL SYSTEMS LIMITED at £28.8m based on a Turnover of £24.5m and 1.17x industry multiple (adjusted for size and gross margin).

new medical systems limited Estimated Valuation

£48.2m

Pomanda estimates the enterprise value of NEW MEDICAL SYSTEMS LIMITED at £48.2m based on an EBITDA of £5.5m and a 8.78x industry multiple (adjusted for size and gross margin).

new medical systems limited Estimated Valuation

£40.9m

Pomanda estimates the enterprise value of NEW MEDICAL SYSTEMS LIMITED at £40.9m based on Net Assets of £15.5m and 2.63x industry multiple (adjusted for liquidity).

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New Medical Systems Limited Overview

New Medical Systems Limited is a live company located in fareham, PO15 7PA with a Companies House number of 06211226. It operates in the hospital activities sector, SIC Code 86101. Founded in April 2007, it's largest shareholder is specsavers eye care services ltd with a 100% stake. New Medical Systems Limited is a established, large sized company, Pomanda has estimated its turnover at £24.5m with rapid growth in recent years.

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New Medical Systems Limited Health Check

Pomanda's financial health check has awarded New Medical Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

0 Regular

positive_score

4 Weak

size

Size

annual sales of £24.5m, make it larger than the average company (£2m)

£24.5m - New Medical Systems Limited

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (9%)

36% - New Medical Systems Limited

9% - Industry AVG

production

Production

with a gross margin of 71.4%, this company has a lower cost of product (45.5%)

71.4% - New Medical Systems Limited

45.5% - Industry AVG

profitability

Profitability

an operating margin of 21.9% make it more profitable than the average company (13%)

21.9% - New Medical Systems Limited

13% - Industry AVG

employees

Employees

with 126 employees, this is above the industry average (25)

126 - New Medical Systems Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £72.2k, the company has a higher pay structure (£31.7k)

£72.2k - New Medical Systems Limited

£31.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £194.8k, this is more efficient (£73.7k)

£194.8k - New Medical Systems Limited

£73.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 276 days, this is later than average (31 days)

276 days - New Medical Systems Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 72 days, this is slower than average (35 days)

72 days - New Medical Systems Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is less than average (11 days)

8 days - New Medical Systems Limited

11 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (54 weeks)

2 weeks - New Medical Systems Limited

54 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44.2%, this is a higher level of debt than the average (39.3%)

44.2% - New Medical Systems Limited

39.3% - Industry AVG

NEW MEDICAL SYSTEMS LIMITED financials

EXPORTms excel logo

New Medical Systems Limited's latest turnover from February 2024 is £24.5 million and the company has net assets of £15.5 million. According to their latest financial statements, New Medical Systems Limited has 126 employees and maintains cash reserves of £559.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover24,548,81522,619,38416,705,1439,771,88216,344,59414,385,53213,440,4587,025,6413,386,2763,544,9322,994,2763,050,7371,653,168845,222522,788
Other Income Or Grants000000000000000
Cost Of Sales7,020,9668,145,2388,550,3745,069,2478,781,1736,878,2148,272,6974,765,6182,388,6612,355,3261,993,1561,954,1091,105,900590,381381,715
Gross Profit17,527,84914,474,1468,154,7694,702,6357,563,4217,507,3185,167,7612,260,023997,6151,189,6051,001,1201,096,629547,268254,841141,073
Admin Expenses12,144,46712,490,6096,690,8183,856,8576,160,9676,436,5514,207,9732,663,599927,0241,196,002957,746792,489661,579499,42840,603
Operating Profit5,383,3821,983,5371,463,951845,7781,402,4541,070,767959,788-403,57670,591-6,39743,374304,140-114,311-244,587100,470
Interest Payable2,21460004102,3106,91764,85515,8950000000
Interest Receivable40917410,00398200001,7861,8631,475883488429280
Pre-Tax Profit6,353,5812,847,3312,396,5221,059,2631,705,8081,274,973894,933-419,47172,376-4,53444,849305,022-113,823-244,158100,750
Tax-82,310-370,483-262,228-158,291-271,204-221,589-87,999-26,356-14,4750-10,315-73,20500-28,210
Profit After Tax6,271,2712,476,8482,134,294900,9721,434,6041,053,384806,934-445,82757,901-4,53434,534231,817-113,823-244,15872,540
Dividends Paid000000000000000
Retained Profit6,271,2712,476,8482,134,294900,9721,434,6041,053,384806,934-445,82757,901-4,53434,534231,817-113,823-244,15872,540
Employee Costs9,099,1385,275,7344,409,8293,405,3015,057,7224,207,9353,353,8193,082,1112,453,839805,151692,291833,892503,626252,170124,268
Number Of Employees126938584138120941108628243019105
EBITDA*5,487,1972,134,6181,730,8621,215,3621,751,1761,366,6911,236,593-239,741215,448138,744157,681396,642-40,263-185,849120,858

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets505,344191,628294,189472,425791,129700,926880,463458,134392,134346,839304,376292,236165,869189,313153,959
Intangible Assets000000000000000
Investments & Other481,57598858945740835718200000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets986,919192,616294,778472,882791,537701,283880,645458,134392,134346,839304,376292,236165,869189,313153,959
Stock & work in progress158,738114,769197,150179,287155,210114,22790,17965,11640,09223,29200000
Trade Debtors18,626,67614,268,5818,168,9545,248,2705,978,8225,681,6472,177,544974,772884,682870,755626,769644,801313,97193,07674,789
Group Debtors5,325,5975,528,1992,849,6692,568,0083,815,3255,965,3233,795,09300000000
Misc Debtors2,163,4671,160,053742,970324,430176,146189,144226,583321,640202,064000000
Cash559,20964,7841,804,6671,022,67123,573625,933264,185139,834342,075372,211373,021217,126135,94059,440112,138
misc current assets000000000000000
total current assets26,833,68721,136,38613,763,4109,342,66610,149,07612,576,2746,553,5841,501,3621,468,9131,266,258999,790861,927449,911152,516186,927
total assets27,820,60621,329,00214,058,1889,815,54810,940,61313,277,5577,434,2291,959,4961,861,0471,613,0971,304,1661,154,163615,780341,829340,886
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 1,394,734557,101855,853237,310472,804202,8241,476,133634,569656,036659,778497,141469,150246,598402,694171,794
Group/Directors Accounts8,316,0108,300,8013,505,1743,290,2423,503,2256,844,9473,200,001300,0000000000
other short term finances000000000000000
hp & lease commitments0002,7152,71525,73966,398105,372127,263134,37150,3350000
other current liabilities2,565,3093,223,4092,926,3181,635,0343,209,8793,885,5551,392,743364,962250,106000000
total current liabilities12,276,05312,081,3117,287,3455,165,3017,188,62310,959,0656,135,2751,404,9031,033,405794,149547,476469,150246,598402,694171,794
loans00000018,58682,4490000000
hp & lease commitments00013,69816,41317,51921,843082,617136,95770,1650000
Accruals and Deferred Income000000000000000
other liabilities0000000000043,02208,3120
provisions20,5910000010,93631,4895,1330000013,392
total long term liabilities20,5910013,69816,41317,51951,365113,93887,750136,95770,16543,02208,31213,392
total liabilities12,296,64412,081,3117,287,3455,178,9997,205,03610,976,5846,186,6401,518,8411,121,155931,106617,641512,172246,598411,006185,186
net assets15,523,9629,247,6916,770,8434,636,5493,735,5772,300,9731,247,589440,655739,892681,991686,525641,991369,182-69,177155,700
total shareholders funds15,523,9629,247,6916,770,8434,636,5493,735,5772,300,9731,247,589440,655739,892681,991686,525641,991369,182-69,177155,700
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit5,383,3821,983,5371,463,951845,7781,402,4541,070,767959,788-403,57670,591-6,39743,374304,140-114,311-244,587100,470
Depreciation103,815151,081266,911369,584348,722295,924276,805163,835144,857145,141114,30792,50274,04858,73820,388
Amortisation000000000000000
Tax-82,310-370,483-262,228-158,291-271,204-221,589-87,999-26,356-14,4750-10,315-73,20500-28,210
Stock43,969-82,38117,86324,07740,98324,04825,06325,02416,80023,29200000
Debtors5,158,9079,195,2403,620,885-1,829,585-1,865,8215,636,8944,902,808209,666215,991243,986-18,032330,830220,89518,28774,789
Creditors837,633-298,752618,543-235,494269,980-1,273,309841,564-21,467-3,742162,63727,991222,552-156,096230,900171,794
Accruals and Deferred Income-658,100297,0911,291,284-1,574,845-675,6762,492,8121,027,781114,856250,106000000
Deferred Taxes & Provisions20,5910000-10,936-20,55326,3565,1330000-13,39213,392
Cash flow from operations402,135-7,350,385-260,2871,052,2402,899,114-3,307,273-1,930,485-381,042219,67934,103193,389215,159-417,25413,372203,045
Investing Activities
capital expenditure-417,531-48,520-88,675-50,880-438,925-116,387-699,134-229,835-190,152-187,604-126,447-218,869-50,604-94,092-174,347
Change in Investments480,587399132495117518200000000
cash flow from investments-898,118-48,919-88,807-50,929-438,976-116,562-699,316-229,835-190,152-187,604-126,447-218,869-50,604-94,092-174,347
Financing Activities
Bank loans000000000000000
Group/Directors Accounts15,2094,795,627214,932-212,983-3,341,7223,644,9462,900,001300,0000000000
Other Short Term Loans 000000000000000
Long term loans00000-18,586-63,86382,4490000000
Hire Purchase and Lease Commitments00-16,413-2,715-24,130-44,983-17,131-104,508-61,448150,828120,5000000
other long term liabilities0000000000-43,02243,022-8,3128,3120
share issue5,000000000146,5900010,00040,992552,18219,28183,160
interest-1,805-42610,003572-2,310-6,917-64,855-15,8951,7861,8631,475883488429280
cash flow from financing18,4044,795,201208,522-215,126-3,368,1623,574,4602,754,152408,636-59,662152,69188,95384,897544,35828,02283,440
cash and cash equivalents
cash494,425-1,739,883781,996999,098-602,360361,748124,351-202,241-30,136-810155,89581,18676,500-52,698112,138
overdraft000000000000000
change in cash494,425-1,739,883781,996999,098-602,360361,748124,351-202,241-30,136-810155,89581,18676,500-52,698112,138

new medical systems limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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New Medical Systems Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for new medical systems limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in PO15 area or any other competitors across 12 key performance metrics.

new medical systems limited Ownership

NEW MEDICAL SYSTEMS LIMITED group structure

New Medical Systems Limited has 38 subsidiary companies.

Ultimate parent company

SPECSAVERS INTERNATIONAL HEALTHCARE LTD

#0029657

2 parents

NEW MEDICAL SYSTEMS LIMITED

06211226

38 subsidiaries

NEW MEDICAL SYSTEMS LIMITED Shareholders

specsavers eye care services ltd 100%

new medical systems limited directors

New Medical Systems Limited currently has 7 directors. The longest serving directors include Mr Giles Edmonds (Nov 2016) and Mr Douglas Perkins (Nov 2016).

officercountryagestartendrole
Mr Giles EdmondsEngland52 years Nov 2016- Director
Mr Douglas PerkinsGuernsey81 years Nov 2016- Director
Ms Rebecca LytheEngland53 years Jan 2021- Director
Mr James KirkpatrickEngland62 years Aug 2021- Director
Darshak ShahEngland51 years Feb 2022- Director
Mr Nigel ParkerGuernsey57 years Jun 2024- Director
Ms Caroline HudsonEngland56 years Jun 2024- Director

P&L

February 2024

turnover

24.5m

+9%

operating profit

5.4m

+171%

gross margin

71.4%

+11.58%

turnover

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

Balance Sheet

February 2024

net assets

15.5m

+0.68%

total assets

27.8m

+0.3%

cash

559.2k

+7.63%

net assets

Total assets minus all liabilities

new medical systems limited company details

company number

06211226

Type

Private limited with Share Capital

industry

86101 - Hospital activities

86220 - Specialist medical practice activities

incorporation date

April 2007

age

18

incorporated

UK

ultimate parent company

SPECSAVERS INTERNATIONAL HEALTHCARE LTD

accounts

Audit Exemption Subsidiary

last accounts submitted

February 2024

previous names

charco 9 limited (September 2007)

accountant

-

auditor

-

address

forum 6, parkway, solent business park, whiteley, fareham, hampshire, PO15 7PA

Bank

-

Legal Advisor

-

new medical systems 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 did not find charges/mortgages relating to new medical systems limited.

new medical systems 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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new medical systems limited Companies House Filings - See Documents

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