medic 2 uk limited
medic 2 uk limited Company Information
Company Number
06431757
Next Accounts
2343 days late
Industry
Medical nursing home activities
Directors
Shareholders
maimuna sarki
Group Structure
View All
Contact
Registered Address
cartergate house, 26 chantry lane, grimsby, north east lincolnshire, DN31 2LJ
Website
http://medic2.co.ukmedic 2 uk limited Estimated Valuation
Pomanda estimates the enterprise value of MEDIC 2 UK LIMITED at £1.4m based on a Turnover of £2.6m and 0.54x industry multiple (adjusted for size and gross margin).
medic 2 uk limited Estimated Valuation
Pomanda estimates the enterprise value of MEDIC 2 UK LIMITED at £0 based on an EBITDA of £-173.3k and a 3.84x industry multiple (adjusted for size and gross margin).
medic 2 uk limited Estimated Valuation
Pomanda estimates the enterprise value of MEDIC 2 UK LIMITED at £0 based on Net Assets of £-117.8k and 2.82x industry multiple (adjusted for liquidity).
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Medic 2 Uk Limited Overview
Medic 2 Uk Limited is a live company located in grimsby, DN31 2LJ with a Companies House number of 06431757. It operates in the medical nursing home activities sector, SIC Code 86102. Founded in November 2007, it's largest shareholder is maimuna sarki with a 100% stake. Medic 2 Uk Limited is a established, small sized company, Pomanda has estimated its turnover at £2.6m with rapid growth in recent years.
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Medic 2 Uk Limited Health Check
Pomanda's financial health check has awarded Medic 2 Uk Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £2.6m, make it in line with the average company (£3.2m)
- Medic 2 Uk Limited
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (5%)
- Medic 2 Uk Limited
5% - Industry AVG
Production
with a gross margin of 29%, this company has a higher cost of product (40.4%)
- Medic 2 Uk Limited
40.4% - Industry AVG
Profitability
an operating margin of -7.3% make it less profitable than the average company (13.8%)
- Medic 2 Uk Limited
13.8% - Industry AVG
Employees
with 57 employees, this is below the industry average (106)
- Medic 2 Uk Limited
106 - Industry AVG
Pay Structure
on an average salary of £17.5k, the company has an equivalent pay structure (£17.5k)
- Medic 2 Uk Limited
£17.5k - Industry AVG
Efficiency
resulting in sales per employee of £45.5k, this is more efficient (£32.6k)
- Medic 2 Uk Limited
£32.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Medic 2 Uk Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 127 days, this is slower than average (23 days)
- Medic 2 Uk Limited
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Medic 2 Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Medic 2 Uk Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.6%, this is a higher level of debt than the average (62.5%)
112.6% - Medic 2 Uk Limited
62.5% - Industry AVG
MEDIC 2 UK LIMITED financials
Medic 2 Uk Limited's latest turnover from November 2016 is estimated at £2.6 million and the company has net assets of -£117.8 thousand. According to their latest financial statements, we estimate that Medic 2 Uk Limited has 57 employees and maintains cash reserves of £5.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 533,483 | 564,692 | ||||||
| Other Income Or Grants | 0 | 0 | ||||||
| Cost Of Sales | 316,075 | 358,034 | ||||||
| Gross Profit | 217,408 | 206,658 | ||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | 2 | 0 | ||||||
| Interest Receivable | 2 | 0 | ||||||
| Pre-Tax Profit | 36,476 | 40,678 | ||||||
| Tax | -12,259 | -6,172 | ||||||
| Profit After Tax | 24,217 | 34,506 | ||||||
| Dividends Paid | 20,000 | 0 | ||||||
| Retained Profit | 4,217 | 34,506 | ||||||
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 929,392 | 1,131,779 | 745,058 | 764,146 | 60,323 | 76,883 | 34,045 | 29,790 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 929,392 | 1,131,779 | 745,058 | 764,146 | 60,323 | 76,883 | 34,045 | 29,790 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 930 | 3,431 | 61,431 | 0 | 0 | 1,683 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 2,651 | 7,166 | 0 |
| Cash | 5,733 | 6,795 | 4,683 | 15,047 | 7,857 | 15,158 | 52,233 | 4,270 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,733 | 6,795 | 5,613 | 18,478 | 69,288 | 17,809 | 59,399 | 5,953 |
| total assets | 935,125 | 1,138,574 | 750,671 | 782,624 | 129,611 | 94,692 | 93,444 | 35,743 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 643,261 | 689,418 | 656,108 | 701,674 | 70,162 | 6,400 | 0 | 23,983 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 424 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 31,761 | 47,178 | 0 |
| total current liabilities | 643,261 | 689,418 | 656,108 | 701,674 | 70,162 | 38,585 | 47,178 | 23,983 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 405,513 | 373,013 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,133 | 4,133 | 4,133 | 4,133 | 4,133 | 5,624 | 0 | 0 |
| total long term liabilities | 409,646 | 377,146 | 4,133 | 4,133 | 4,133 | 5,624 | 0 | 0 |
| total liabilities | 1,052,907 | 1,066,564 | 660,241 | 705,807 | 74,295 | 44,209 | 47,178 | 23,983 |
| net assets | -117,782 | 72,010 | 90,430 | 76,817 | 55,316 | 50,483 | 46,266 | 11,760 |
| total shareholders funds | -117,782 | 72,010 | 90,430 | 76,817 | 55,316 | 50,483 | 46,266 | 11,760 |
| Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 16,463 | 33,830 | 44,088 | 50,449 | 19,767 | 22,204 | 10,574 | 9,991 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -12,259 | -6,172 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -930 | -2,501 | -58,000 | 58,780 | -4,515 | 5,483 | 1,683 |
| Creditors | -46,157 | 33,310 | -45,566 | 631,512 | 63,762 | 6,400 | -23,983 | 23,983 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -31,761 | -15,417 | 47,178 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -1,491 | 5,624 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -424 | 424 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 32,500 | 373,013 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | 0 | ||||||
| cash flow from financing | 424 | 0 | ||||||
| cash and cash equivalents | ||||||||
| cash | -1,062 | 2,112 | -10,364 | 7,190 | -7,301 | -37,075 | 47,963 | 4,270 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,062 | 2,112 | -10,364 | 7,190 | -7,301 | -37,075 | 47,963 | 4,270 |
medic 2 uk limited Credit Report and Business Information
Medic 2 Uk Limited Competitor Analysis
Perform a competitor analysis for medic 2 uk limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in DN31 area or any other competitors across 12 key performance metrics.
medic 2 uk limited Ownership
MEDIC 2 UK LIMITED group structure
Medic 2 Uk Limited has no subsidiary companies.
Ultimate parent company
MEDIC 2 UK LIMITED
06431757
medic 2 uk limited directors
Medic 2 Uk Limited currently has 1 director, Mr Eithel Mercera serving since Jun 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eithel Mercera | 61 years | Jun 2018 | - | Director |
P&L
November 2016turnover
2.6m
+47%
operating profit
-189.8k
0%
gross margin
29.1%
+3.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2016net assets
-117.8k
-2.64%
total assets
935.1k
-0.18%
cash
5.7k
-0.16%
net assets
Total assets minus all liabilities
medic 2 uk limited company details
company number
06431757
Type
Private limited with Share Capital
industry
86102 - Medical nursing home activities
incorporation date
November 2007
age
18
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
November 2016
previous names
N/A
accountant
-
auditor
-
address
cartergate house, 26 chantry lane, grimsby, north east lincolnshire, DN31 2LJ
Bank
-
Legal Advisor
-
medic 2 uk 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 found 8 charges/mortgages relating to medic 2 uk limited. Currently there are 6 open charges and 2 have been satisfied in the past.
medic 2 uk 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.
Click to start generating capital raising & share issue transactions for MEDIC 2 UK LIMITED. This can take several minutes, an email will notify you when this has completed.
medic 2 uk limited Companies House Filings - See Documents
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