medinvoicing limited
medinvoicing limited Company Information
Company Number
06567766
Website
www.medinvoicing.co.ukRegistered Address
first floor, envoy house, longbridge road, plymouth, devon, PL6 8LU
Industry
Specialist medical practice activities
Telephone
02071189950
Next Accounts Due
September 2024
Group Structure
View All
Directors
Maurice Dunstan16 Years
Shareholders
mr maurice edward dunstan 100%
medinvoicing limited Estimated Valuation
Pomanda estimates the enterprise value of MEDINVOICING LIMITED at £54.7k based on a Turnover of £86.3k and 0.63x industry multiple (adjusted for size and gross margin).
medinvoicing limited Estimated Valuation
Pomanda estimates the enterprise value of MEDINVOICING LIMITED at £388.8k based on an EBITDA of £80.8k and a 4.81x industry multiple (adjusted for size and gross margin).
medinvoicing limited Estimated Valuation
Pomanda estimates the enterprise value of MEDINVOICING LIMITED at £44k based on Net Assets of £113.8k and 0.39x industry multiple (adjusted for liquidity).
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Medinvoicing Limited Overview
Medinvoicing Limited is a dissolved company that was located in plymouth, PL6 8LU with a Companies House number of 06567766. It operated in the specialists medical practice activities sector, SIC Code 86220. Founded in April 2008, it's largest shareholder was mr maurice edward dunstan with a 100% stake. The last turnover for Medinvoicing Limited was estimated at £86.3k.
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Medinvoicing Limited Health Check
Pomanda's financial health check has awarded Medinvoicing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £86.3k, make it smaller than the average company (£352.2k)
- Medinvoicing Limited
£352.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.1%)
- Medinvoicing Limited
5.1% - Industry AVG
Production
with a gross margin of 63.4%, this company has a comparable cost of product (63.4%)
- Medinvoicing Limited
63.4% - Industry AVG
Profitability
an operating margin of 93.6% make it more profitable than the average company (20.8%)
- Medinvoicing Limited
20.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (7)
1 - Medinvoicing Limited
7 - Industry AVG
Pay Structure
on an average salary of £25.6k, the company has an equivalent pay structure (£25.6k)
- Medinvoicing Limited
£25.6k - Industry AVG
Efficiency
resulting in sales per employee of £86.3k, this is more efficient (£72.9k)
- Medinvoicing Limited
£72.9k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (33 days)
- Medinvoicing Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Medinvoicing Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Medinvoicing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 278 weeks, this is more cash available to meet short term requirements (61 weeks)
278 weeks - Medinvoicing Limited
61 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.8%, this is a lower level of debt than the average (28.6%)
15.8% - Medinvoicing Limited
28.6% - Industry AVG
MEDINVOICING LIMITED financials
Medinvoicing Limited's latest turnover from July 2020 is estimated at £86.3 thousand and the company has net assets of £113.8 thousand. According to their latest financial statements, Medinvoicing Limited has 1 employee and maintains cash reserves of £113.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 530 | ||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 79 | 718 | 1,114 | 792 | 1,157 | 189 | 18,627 | 17,743 | 18,047 | 18,350 |
| Intangible Assets | 0 | 17,651 | 17,651 | 17,651 | 17,651 | 17,651 | 17,651 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 17,730 | 18,369 | 18,765 | 18,443 | 18,808 | 17,840 | 18,627 | 17,743 | 18,047 | 18,350 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,975 | 38,627 | 22,368 | 15,894 | 27,097 | 40,316 | 40,687 | 30,087 | 2,155 | 869 | 1,100 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 12,228 | 3,750 | 6,750 | 9,750 | 12,750 | 0 | 4,303 | 0 | 0 | 0 | 0 |
| Cash | 113,842 | 10,106 | 10,049 | 0 | 0 | 0 | 0 | 1,290 | 14 | 674 | 350 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 135,045 | 52,483 | 39,167 | 25,644 | 39,847 | 40,316 | 44,990 | 31,377 | 2,169 | 1,543 | 1,450 |
| total assets | 135,045 | 70,213 | 57,536 | 44,409 | 58,290 | 59,124 | 62,830 | 50,004 | 19,912 | 19,590 | 19,800 |
| Bank overdraft | 0 | 0 | 0 | 14,651 | 4,293 | 9,316 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 2,745 | 4,629 | 3,697 | 2,231 | 2,178 | 33,421 | 36,908 | 50,654 | 49,759 | 44,109 |
| Group/Directors Accounts | 0 | 247 | 442 | 104 | 393 | 1,139 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 21,290 | 18,955 | 22,302 | 17,915 | 17,467 | 19,844 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 21,290 | 21,947 | 27,373 | 36,367 | 24,384 | 32,477 | 33,421 | 36,908 | 50,654 | 49,759 | 44,109 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 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 |
| total liabilities | 21,290 | 21,947 | 27,373 | 36,367 | 24,384 | 32,477 | 33,421 | 36,908 | 50,654 | 49,759 | 44,109 |
| net assets | 113,755 | 48,266 | 30,163 | 8,042 | 33,906 | 26,647 | 29,409 | 13,096 | -30,742 | -30,169 | -24,309 |
| total shareholders funds | 113,755 | 48,266 | 30,163 | 8,042 | 33,906 | 26,647 | 29,409 | 13,096 | -30,742 | -30,169 | -24,309 |
| Jul 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 | |||||||||||
| Depreciation | 0 | 639 | 643 | 586 | 365 | 373 | 952 | 893 | 304 | 303 | 252 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -21,174 | 13,259 | 3,474 | -14,203 | -469 | -4,674 | 14,903 | 27,932 | 1,286 | -231 | 1,100 |
| Creditors | -2,745 | -1,884 | 932 | 1,466 | 53 | -31,243 | -3,487 | -13,746 | 895 | 5,650 | 44,109 |
| Accruals and Deferred Income | 2,335 | -3,347 | 4,387 | 448 | -2,377 | 19,844 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -247 | -195 | 338 | -289 | -746 | 1,139 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 103,736 | 57 | 10,049 | 0 | 0 | 0 | -1,290 | 1,276 | -660 | 324 | 350 |
| overdraft | 0 | 0 | -14,651 | 10,358 | -5,023 | 9,316 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 103,736 | 57 | 24,700 | -10,358 | 5,023 | -9,316 | -1,290 | 1,276 | -660 | 324 | 350 |
medinvoicing limited Credit Report and Business Information
Medinvoicing Limited Competitor Analysis
Perform a competitor analysis for medinvoicing limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other undefined companies, companies in PL6 area or any other competitors across 12 key performance metrics.
medinvoicing limited Ownership
MEDINVOICING LIMITED group structure
Medinvoicing Limited has no subsidiary companies.
Ultimate parent company
MEDINVOICING LIMITED
06567766
medinvoicing limited directors
Medinvoicing Limited currently has 1 director, Dr Maurice Dunstan serving since Apr 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Maurice Dunstan | 63 years | Apr 2008 | - | Director |
P&L
July 2020turnover
86.3k
-53%
operating profit
80.8k
0%
gross margin
63.5%
+1.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2020net assets
113.8k
+1.36%
total assets
135k
+0.92%
cash
113.8k
+10.26%
net assets
Total assets minus all liabilities
Similar Companies
medinvoicing limited company details
company number
06567766
Type
Private limited with Share Capital
industry
86220 - Specialist medical practice activities
incorporation date
April 2008
age
16
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
July 2020
address
first floor, envoy house, longbridge road, plymouth, devon, PL6 8LU
accountant
MARSLAND NASH ASSOCIATES
auditor
-
medinvoicing 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 medinvoicing limited.
medinvoicing limited Companies House Filings - See Documents
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