De Smit Medical Systems Limited

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de smit medical systems limited Company Information

Live

EstablishedSmallHealthy

Company Number

06585345

Website

www.desmitmedical.com

Registered Address

584 wellsway, bath, somerset, BA2 2UE

Industry

Retail sale of medical and orthopaedic goods (other than hearing aids) n.e.c., in specialised stores

Telephone

08453454226

Next Accounts Due

March 2025

Group Structure

View All

Directors

Lyn De Smit10 Years

Jo-Anna Simmonds9 Years

View All

Shareholders

de smit medical (holdings) ltd 100%

de smit medical systems limited Estimated Valuation

£5.2m

Pomanda estimates the enterprise value of DE SMIT MEDICAL SYSTEMS LIMITED at £5.2m based on Net Assets of £2.1m and 2.44x industry multiple (adjusted for liquidity).

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De Smit Medical Systems Limited is a live company located in somerset, BA2 2UE with a Companies House number of 06585345. It operates in the retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) n.e.c. sector, SIC Code 47749. Founded in May 2008, it's largest shareholder is de smit medical (holdings) ltd with a 100% stake. De Smit Medical Systems Limited is a established, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded De Smit Medical Systems Limited a 4 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 Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £3.2m, make it smaller than the average company (£10.9m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (7.5%)

EXPORT

De Smit Medical Systems Limited's latest turnover from June 2023 is estimated at £3.2 million and the company has net assets of £2.1 million. According to their latest financial statements, De Smit Medical Systems Limited has 25 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	3,172,159	3,267,779	3,573,851	2,417,243	3,161,110	2,988,077	1,751,247	1,291,269	673,354	620,657	551,421	335,288	866,891	653,376
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,877,630	1,964,219	2,270,642	1,511,171	2,043,913	1,957,540	1,068,548	760,564	387,842	390,998	354,116	193,981	496,383	398,476
Gross Profit	1,294,529	1,303,560	1,303,209	906,071	1,117,197	1,030,537	682,699	530,704	285,512	229,659	197,306	141,307	370,508	254,900
Admin Expenses	2,356,170	251,202	225,622	506,494	732,488	796,952	535,597	488,681	220,937	80,343	139,380	96,927	230,201	185,749
Operating Profit	-1,061,641	1,052,358	1,077,587	399,577	384,709	233,585	147,102	42,023	64,575	149,316	57,926	44,380	140,307	69,151
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	96,640	29,211	1,471	800	3,442	1,366	422	504	741	555	250	151	0	0
Pre-Tax Profit	-965,001	1,081,569	1,079,058	400,378	388,151	234,951	147,523	42,528	65,316	149,871	58,175	44,532	130,874	63,920
Tax	0	-205,498	-205,021	-76,072	-73,749	-44,641	-28,029	-8,505	-13,063	-31,473	-13,380	-10,688	-27,002	-14,100
Profit After Tax	-965,001	876,071	874,037	324,306	314,402	190,310	119,494	34,022	52,253	118,398	44,795	33,844	103,872	49,820
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	30,000	35,000
Retained Profit	-965,001	876,071	874,037	324,306	314,402	190,310	119,494	34,022	52,253	118,398	44,795	33,844	73,872	14,820
Employee Costs	1,257,995	1,223,782	1,339,010	1,091,299	992,760	856,381	667,424	289,653	113,925	129,417	89,178	85,437	840	350
Number Of Employees	25	25	24	21	19	16	14	6	3	3	2	2	4	3
EBITDA*	-1,038,730	1,073,203	1,097,996	408,501	395,185	239,323	152,493	48,118	70,678	151,304	60,475	47,590	143,791	72,374

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	82,717	72,015	72,272	34,901	40,843	21,537	19,683	21,866	21,067	7,952	7,649	9,629	10,453	9,668
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	82,717	72,015	72,272	34,901	40,843	21,537	19,683	21,866	21,067	7,952	7,649	9,629	10,453	9,668
Stock & work in progress	1,239,890	675,855	556,150	493,866	545,636	305,237	320,111	201,901	187,539	184,429	163,757	107,069	90,275	53,968
Trade Debtors	131,721	287,562	227,159	129,522	370,401	512,916	171,368	252,779	109,732	64,463	63,359	54,037	87,647	63,753
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	53,206	49,934	44,364	19,105	10,769	17,936	12,657	6,192	0	0	0	0	0	0
Cash	1,161,454	2,704,138	1,969,573	972,454	628,166	289,704	256,573	80,730	121,019	175,523	46,554	53,315	7,140	17,229
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,586,271	3,717,489	2,797,246	1,614,947	1,554,972	1,125,793	760,709	541,602	418,290	424,415	273,670	214,421	185,062	134,950
total assets	2,668,988	3,789,504	2,869,518	1,649,848	1,595,815	1,147,330	780,392	563,468	439,357	432,367	281,319	224,050	195,515	144,618
Bank overdraft	0	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	0
Trade Creditors	124,576	188,567	287,601	67,859	297,235	241,043	130,377	108,849	77,307	122,570	89,920	77,446	16,847	41,533
Group/Directors Accounts	164,798	15,440	0	72	62	0	524	576	0	0	0	0	0	0
other short term finances	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
other current liabilities	234,130	477,122	349,564	230,702	270,480	196,319	130,151	57,971	0	0	0	0	65,908	64,197
total current liabilities	523,504	681,129	637,165	298,633	567,777	437,362	261,052	167,396	77,307	122,570	89,920	77,446	82,755	105,730
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	15,793	13,683	13,732	6,631	7,760	4,092	3,774	0	0	0	0	0	0	0
total long term liabilities	15,793	13,683	13,732	6,631	7,760	4,092	3,774	0	0	0	0	0	0	0
total liabilities	539,297	694,812	650,897	305,264	575,537	441,454	264,826	167,396	77,307	122,570	89,920	77,446	82,755	105,730
net assets	2,129,691	3,094,692	2,218,621	1,344,584	1,020,278	705,876	515,566	396,072	362,050	309,797	191,399	146,604	112,760	38,888
total shareholders funds	2,129,691	3,094,692	2,218,621	1,344,584	1,020,278	705,876	515,566	396,072	362,050	309,797	191,399	146,604	112,760	38,888

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-1,061,641	1,052,358	1,077,587	399,577	384,709	233,585	147,102	42,023	64,575	149,316	57,926	44,380	140,307	69,151
Depreciation	22,911	20,845	20,409	8,924	10,476	5,738	5,391	6,095	6,103	1,988	2,549	3,210	3,484	3,223
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-205,498	-205,021	-76,072	-73,749	-44,641	-28,029	-8,505	-13,063	-31,473	-13,380	-10,688	-27,002	-14,100
Stock	564,035	119,705	62,284	-51,770	240,399	-14,874	118,210	14,362	3,110	20,672	56,688	16,794	36,307	53,968
Debtors	-152,569	65,973	122,896	-232,543	-149,682	346,827	-74,946	149,239	45,269	1,104	9,322	-33,610	23,894	63,753
Creditors	-63,991	-99,034	219,742	-229,376	56,192	110,666	21,528	31,542	-45,263	32,650	12,474	60,599	-24,686	41,533
Accruals and Deferred Income	-242,992	127,558	118,862	-39,778	74,161	66,168	72,180	57,971	0	0	0	-65,908	1,711	64,197
Deferred Taxes & Provisions	2,110	-49	7,101	-1,129	3,668	318	3,774	0	0	0	0	0	0	0
Cash flow from operations	-1,755,069	710,502	1,053,500	346,459	364,740	39,881	178,682	-34,475	-36,027	130,705	-6,441	48,409	33,613	46,283
Investing Activities
capital expenditure	-33,613	-20,588	-57,780	-2,982	-29,782	-7,592	-3,208	-6,894	-19,218	-2,291	-569	-2,386	-4,269	-12,891
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-33,613	-20,588	-57,780	-2,982	-29,782	-7,592	-3,208	-6,894	-19,218	-2,291	-569	-2,386	-4,269	-12,891
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	149,358	15,440	-72	10	62	-524	-52	576	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	24,068
interest	96,640	29,211	1,471	800	3,442	1,366	422	504	741	555	250	151	0	0
cash flow from financing	245,998	44,651	1,399	810	3,504	842	370	1,080	741	555	250	151	0	24,068
cash and cash equivalents
cash	-1,542,684	734,565	997,119	344,288	338,462	33,131	175,843	-40,289	-54,504	128,969	-6,761	46,175	-10,089	17,229
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,542,684	734,565	997,119	344,288	338,462	33,131	175,843	-40,289	-54,504	128,969	-6,761	46,175	-10,089	17,229

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DE SMIT MEDICAL SYSTEMS LIMITED group structure

De Smit Medical Systems Limited has no subsidiary companies.

Ultimate parent company

DE SMIT MEDICAL SYSTEMS LIMITED

06585345

DE SMIT MEDICAL SYSTEMS LIMITED Shareholders

de smit medical (holdings) ltd

100%

De Smit Medical Systems Limited currently has 3 directors. The longest serving directors include Mrs Lyn De Smit (Mar 2014) and Mrs Jo-Anna Simmonds (Oct 2014).

officer	country	age	start	end	role
Mrs Lyn De Smit	England	65 years	Mar 2014	-	Director
Mrs Jo-Anna Simmonds	England	41 years	Oct 2014	-	Director
Mr Martyn White	England	65 years	May 2022	-	Director

P&L

June 2023

turnover

3.2m

-3%

operating profit

-1.1m

gross margin

40.9%

+2.3%

turnover

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

Balance Sheet

June 2023

net assets

2.1m

-0.31%

total assets

2.7m

-0.3%

cash

1.2m

-0.57%

net assets

Total assets minus all liabilities

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company number

06585345

Type

Private limited with Share Capital

industry

47749 - Retail sale of medical and orthopaedic goods (other than hearing aids) n.e.c., in specialised stores

incorporation date

May 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

584 wellsway, bath, somerset, BA2 2UE

last accounts submitted

June 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 2 charges/mortgages relating to de smit medical systems limited. Currently there are 2 open charges and 0 have been satisfied in the past.

de smit medical systems limited Company Information

de smit medical systems limited Estimated Valuation

de smit medical systems limited Estimated Valuation

de smit medical systems limited Estimated Valuation

De Smit Medical Systems Limited Overview

De Smit Medical Systems Limited Health Check

DE SMIT MEDICAL SYSTEMS LIMITED financials

de smit medical systems limited Credit Report and Business Information

De Smit Medical Systems Limited Competitor Analysis

de smit medical systems limited Ownership

de smit medical systems limited directors

de smit medical systems limited company details

de smit medical systems limited Charges & Mortgages

de smit medical systems limited Companies House Filings - See Documents