Promedics Orthopaedics Limited

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promedics orthopaedics limited Company Information

Live

EstablishedMidRapid

Company Number

06455477

Website

www.promedics.co.uk

Registered Address

eastcastle house, 27/28 eastcastle street, london, W1W 8DH

Industry

Manufacture of medical and dental instruments and supplies

Telephone

441475746400

Next Accounts Due

September 2025

Group Structure

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Directors

David Baxendale3 Years

James Cloar3 Years

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Shareholders

yorkmarsh limited 100%

promedics orthopaedics limited Estimated Valuation

£24.5m

Pomanda estimates the enterprise value of PROMEDICS ORTHOPAEDICS LIMITED at £24.5m based on an EBITDA of £3.4m and a 7.19x industry multiple (adjusted for size and gross margin).

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Promedics Orthopaedics Limited is a live company located in london, W1W 8DH with a Companies House number of 06455477. It operates in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in December 2007, it's largest shareholder is yorkmarsh limited with a 100% stake. Promedics Orthopaedics Limited is a established, mid sized company, Pomanda has estimated its turnover at £19.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Promedics Orthopaedics Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £19.4m, make it in line with the average company (£16.4m)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (5.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROMEDICS ORTHOPAEDICS LIMITED group structure

Promedics Orthopaedics Limited has no subsidiary companies.

Ultimate parent company

ASPEN FOREIGN ACQUISITION LLC

#0116786

YORKMARSH LTD

06450241

2 parents

PROMEDICS ORTHOPAEDICS LIMITED

06455477

PROMEDICS ORTHOPAEDICS LIMITED Shareholders

yorkmarsh limited

100%

Promedics Orthopaedics Limited currently has 3 directors. The longest serving directors include Mr David Baxendale (Oct 2020) and Mr James Cloar (May 2021).

officer	country	age	start	end	role
Mr David Baxendale	United Kingdom	58 years	Oct 2020	-	Director
Mr James Cloar	United Kingdom	65 years	May 2021	-	Director
Ms Kathryn Gray	United States	71 years	Nov 2022	-	Director

EXPORT

Promedics Orthopaedics Limited's latest turnover from December 2023 is £19.4 million and the company has net assets of £8.3 million. According to their latest financial statements, Promedics Orthopaedics Limited has 106 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	19,377,363	17,835,804	14,545,329	7,915,345	13,715,804	13,040,622	12,160,918	11,420,243	10,993,846	10,246,438	9,323,129	8,141,795	7,892,514	7,635,744	7,612,192
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	13,097,686	14,340,224	11,147,068	5,977,543	9,029,878	8,388,630	7,884,463	7,199,775	6,510,812	6,158,516	5,434,745	4,599,398	4,333,087	4,220,400	4,233,589
Gross Profit	6,279,677	3,495,580	3,398,261	1,937,802	4,685,926	4,651,992	4,276,455	4,220,468	4,483,034	4,087,922	3,888,384	3,542,397	3,559,427	3,415,344	3,378,603
Admin Expenses	3,057,272	3,350,688	2,622,733	1,251,633	3,012,290	2,774,433	2,769,118	2,938,958	2,881,404	3,012,485	2,970,258	2,676,291	2,699,121	2,685,001	2,577,498
Operating Profit	3,222,405	144,892	775,528	686,169	1,673,636	1,877,559	1,507,337	1,281,510	1,601,630	1,075,437	918,126	866,106	860,306	730,343	801,105
Interest Payable	228	0	0	0	0	0	0	416	0	0	1,131	0	0	7,817	0
Interest Receivable	1,163	519	0	0	0	0	0	0	0	666	0	104	960	904	98
Pre-Tax Profit	3,223,340	145,411	775,528	654,741	1,576,183	1,755,822	1,407,304	1,281,094	1,601,630	1,076,103	916,995	866,210	861,266	723,430	801,203
Tax	-388,971	45,529	-147,871	-97,719	-219,693	-226,512	-181,152	-211,171	-282,243	-135,611	-215,109	-213,517	-230,626	-213,160	-229,727
Profit After Tax	2,834,369	190,940	627,657	557,022	1,356,490	1,529,310	1,226,152	1,069,923	1,319,387	940,492	701,886	652,693	630,640	510,270	571,476
Dividends Paid	0	0	0	0	1,627,000	1,500,000	1,200,000	1,000,000	1,200,000	900,000	500,000	500,000	500,000	500,000	0
Retained Profit	2,834,369	190,940	627,657	557,022	-270,510	29,310	26,152	69,923	119,387	40,492	201,886	152,693	130,640	10,270	571,476
Employee Costs	3,967,311	4,496,451	3,602,177	2,743,000	2,743,000	2,546,475	2,589,334	2,564,993	2,491,039	2,451,257	2,380,452	2,147,272	2,074,117	2,059,855	2,097,349
Number Of Employees	106	128	123	115	118	117	119	122	123	125	125	123	121	125	120
EBITDA*	3,406,923	274,025	847,330	717,468	1,754,443	1,911,064	1,650,833	1,429,405	1,757,894	1,243,800	1,086,060	1,037,476	1,044,525	910,091	983,637

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	748,106	582,177	700,374	615,289	627,087	473,450	337,279	306,377	314,687	334,490	369,319	384,035	394,835	447,591	462,070
Intangible Assets	0	0	0	0	0	0	0	123,677	247,349	371,021	494,693	618,367	742,041	865,715	989,389
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	748,106	582,177	700,374	615,289	627,087	473,450	337,279	430,054	562,036	705,511	864,012	1,002,402	1,136,876	1,313,306	1,451,459
Stock & work in progress	4,723,126	4,354,122	4,130,371	2,181,290	2,214,349	2,040,675	1,841,746	1,296,986	1,237,874	1,145,115	1,418,715	1,286,116	1,102,971	1,089,637	947,423
Trade Debtors	1,754,876	1,980,392	1,653,811	1,226,344	1,340,312	2,256,326	1,245,488	1,050,078	1,158,777	1,132,471	923,970	932,021	732,001	866,852	938,132
Group Debtors	125,790	130,790	158,412	116,412	11,919	0	71,358	1,180,805	300,734	1,198,727	1,578,059	2,669,477	2,145,024	1,756,006	1,144,273
Misc Debtors	272,183	455,631	760,450	688,574	404,241	0	289,458	434,794	483,490	341,826	138,077	81,960	125,037	54,622	119,186
Cash	3,097,489	1,040,582	723,434	1,860,393	919,966	1,165,112	1,629,023	943,303	1,620,670	642,313	50,255	57,301	63,295	160,164	242,182
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	9,973,464	7,961,517	7,426,478	6,073,013	4,890,787	5,462,113	5,077,073	4,905,966	4,801,545	4,460,452	4,109,076	5,026,875	4,168,328	3,927,281	3,391,196
total assets	10,721,570	8,543,694	8,126,852	6,688,302	5,517,874	5,935,563	5,414,352	5,336,020	5,363,581	5,165,963	4,973,088	6,029,277	5,305,204	5,240,587	4,842,655
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	358,452	0	314,119	64,820
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	211,452	442,084	655,674	679,892	609,003	427,814	538,297	433,513	370,034	482,702	381,326	578,312	353,991	424,860	549,704
Group/Directors Accounts	1,106,070	1,764,902	880,440	641,944	222,521	727,226	106,889	121,803	92,972	79,978	21,004	791,014	563,350	363,892	123,840
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	1,033,378	847,751	1,254,121	696,117	573,532	432,368	475,103	519,991	710,017	531,445	535,390	468,075	686,928	578,129	557,782
total current liabilities	2,350,900	3,054,737	2,790,235	2,017,953	1,405,056	1,587,408	1,120,289	1,075,307	1,173,023	1,094,125	937,720	2,195,853	1,604,269	1,681,000	1,296,146
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	19,631	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	115,249	67,905	106,505	67,894	67,385	32,212	7,430	232	0	667	4,688	4,631	5,204	14,127	11,319
total long term liabilities	115,249	67,905	106,505	67,894	67,385	32,212	7,430	232	0	667	4,688	4,631	24,835	14,127	11,319
total liabilities	2,466,149	3,122,642	2,896,740	2,085,847	1,472,441	1,619,620	1,127,719	1,075,539	1,173,023	1,094,792	942,408	2,200,484	1,629,104	1,695,127	1,307,465
net assets	8,255,421	5,421,052	5,230,112	4,602,455	4,045,433	4,315,943	4,286,633	4,260,481	4,190,558	4,071,171	4,030,680	3,828,793	3,676,100	3,545,460	3,535,190
total shareholders funds	8,255,421	5,421,052	5,230,112	4,602,455	4,045,433	4,315,943	4,286,633	4,260,481	4,190,558	4,071,171	4,030,680	3,828,793	3,676,100	3,545,460	3,535,190

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	3,222,405	144,892	775,528	686,169	1,673,636	1,877,559	1,507,337	1,281,510	1,601,630	1,075,437	918,126	866,106	860,306	730,343	801,105
Depreciation	184,518	129,133	71,802	31,299	80,807	33,505	19,819	24,223	32,592	44,691	44,260	47,696	60,545	56,074	58,858
Amortisation	0	0	0	0	0	0	123,677	123,672	123,672	123,672	123,674	123,674	123,674	123,674	123,674
Tax	-388,971	45,529	-147,871	-97,719	-219,693	-226,512	-181,152	-211,171	-282,243	-135,611	-215,109	-213,517	-230,626	-213,160	-229,727
Stock	369,004	223,751	1,949,081	140,615	173,674	198,929	544,760	59,112	92,759	-273,600	132,599	183,145	13,334	142,214	947,423
Debtors	-413,964	-5,860	541,343	-224,996	-499,854	650,022	-1,059,373	722,676	-730,023	32,918	-1,043,352	681,396	324,582	475,889	2,201,591
Creditors	-230,632	-213,590	-24,218	252,078	181,189	-110,483	104,784	63,479	-112,668	101,376	-196,986	224,321	-70,869	-124,844	549,704
Accruals and Deferred Income	185,627	-406,370	558,004	263,749	141,164	-42,735	-44,888	-190,026	178,572	-3,945	67,315	-238,484	128,430	20,347	557,782
Deferred Taxes & Provisions	47,344	-38,600	38,611	35,682	35,173	24,782	7,198	232	-667	-4,021	57	-573	-8,923	2,808	11,319
Cash flow from operations	3,065,251	-556,897	-1,218,568	1,255,639	2,218,456	707,165	2,051,388	310,131	2,178,152	1,442,281	1,652,090	-55,318	524,621	-22,861	-1,276,299
Investing Activities
capital expenditure	-350,447	-10,936	-156,887	-173,138	-234,444	-169,676	-50,721	-15,913	-12,789	-9,862	-29,544	-36,896	-7,789	-36,595	-85,347
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-350,447	-10,936	-156,887	-173,138	-234,444	-169,676	-50,721	-15,913	-12,789	-9,862	-29,544	-36,896	-7,789	-36,595	-85,347
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-658,832	884,462	238,496	-85,282	-504,705	620,337	-14,914	28,831	12,994	58,974	-770,010	227,664	199,458	240,052	123,840
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	-270,510	0	0	0	0	0	-1	1	0	0	0	2,963,714
interest	935	519	0	0	0	0	0	-416	0	666	-1,131	104	960	-6,913	98
cash flow from financing	-657,897	884,981	238,496	-355,792	-504,705	620,337	-14,914	28,415	12,994	59,639	-771,140	227,768	200,418	233,139	3,087,652
cash and cash equivalents
cash	2,056,907	317,148	-1,136,959	695,281	-245,146	-463,911	685,720	-677,367	978,357	592,058	-7,046	-5,994	-96,869	-82,018	242,182
overdraft	0	0	0	0	0	0	0	0	0	0	-358,452	358,452	-314,119	249,299	64,820
change in cash	2,056,907	317,148	-1,136,959	695,281	-245,146	-463,911	685,720	-677,367	978,357	592,058	351,406	-364,446	217,250	-331,317	177,362

P&L

December 2023

turnover

19.4m

+9%

operating profit

3.2m

+2124%

gross margin

32.5%

+65.35%

turnover

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

Balance Sheet

December 2023

net assets

8.3m

+0.52%

total assets

10.7m

+0.25%

cash

3.1m

+1.98%

net assets

Total assets minus all liabilities

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company number

06455477

Type

Private limited with Share Capital

industry

32500 - Manufacture of medical and dental instruments and supplies

incorporation date

December 2007

age

accounts

Audit Exemption Subsidiary

ultimate parent company

ASPEN FOREIGN ACQUISITION LLC

previous names

marplace (number 722) limited (March 2008)

incorporated

address

eastcastle house, 27/28 eastcastle street, london, W1W 8DH

last accounts submitted

December 2023

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 4 charges/mortgages relating to promedics orthopaedics limited. Currently there are 0 open charges and 4 have been satisfied in the past.

promedics orthopaedics limited Company Information

promedics orthopaedics limited Estimated Valuation

promedics orthopaedics limited Estimated Valuation

promedics orthopaedics limited Estimated Valuation

Promedics Orthopaedics Limited AI Business Plan

Promedics Orthopaedics Limited Overview

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PROMEDICS ORTHOPAEDICS LIMITED financials

promedics orthopaedics limited company details

promedics orthopaedics limited Charges & Mortgages

promedics orthopaedics limited Companies House Filings - See Documents