practice management solutions (midlands) limited
practice management solutions (midlands) limited Company Information
Company Number
07136369
Website
http://ocuco.comRegistered Address
first floor, unit b, copse walk,, copse walk, cardiff, CF23 8RB
Industry
Computer consultancy activities
Telephone
08448400141
Next Accounts Due
23 days late
Group Structure
View All
Shareholders
ocuco limited 100%
practice management solutions (midlands) limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE MANAGEMENT SOLUTIONS (MIDLANDS) LIMITED at £90.7k based on a Turnover of £159.2k and 0.57x industry multiple (adjusted for size and gross margin).
practice management solutions (midlands) limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE MANAGEMENT SOLUTIONS (MIDLANDS) LIMITED at £1.7m based on an EBITDA of £366.3k and a 4.59x industry multiple (adjusted for size and gross margin).
practice management solutions (midlands) limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE MANAGEMENT SOLUTIONS (MIDLANDS) LIMITED at £865.7k based on Net Assets of £411.1k and 2.11x industry multiple (adjusted for liquidity).
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Practice Management Solutions (midlands) Limited Overview
Practice Management Solutions (midlands) Limited is a live company located in cardiff, CF23 8RB with a Companies House number of 07136369. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2010, it's largest shareholder is ocuco limited with a 100% stake. Practice Management Solutions (midlands) Limited is a established, micro sized company, Pomanda has estimated its turnover at £159.2k with declining growth in recent years.
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Practice Management Solutions (midlands) Limited Health Check
Pomanda's financial health check has awarded Practice Management Solutions (Midlands) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £159.2k, make it smaller than the average company (£626.2k)
- Practice Management Solutions (midlands) Limited
£626.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (3.7%)
- Practice Management Solutions (midlands) Limited
3.7% - Industry AVG
Production
with a gross margin of 47.6%, this company has a comparable cost of product (47.6%)
- Practice Management Solutions (midlands) Limited
47.6% - Industry AVG
Profitability
an operating margin of 230.1% make it more profitable than the average company (8.5%)
- Practice Management Solutions (midlands) Limited
8.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (8)
- Practice Management Solutions (midlands) Limited
8 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
- Practice Management Solutions (midlands) Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £79.6k, this is less efficient (£116.5k)
- Practice Management Solutions (midlands) Limited
£116.5k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (67 days)
- Practice Management Solutions (midlands) Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (31 days)
- Practice Management Solutions (midlands) Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Practice Management Solutions (midlands) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (24 weeks)
10 weeks - Practice Management Solutions (midlands) Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.1%, this is a lower level of debt than the average (56.4%)
17.1% - Practice Management Solutions (midlands) Limited
56.4% - Industry AVG
PRACTICE MANAGEMENT SOLUTIONS (MIDLANDS) LIMITED financials
Practice Management Solutions (Midlands) Limited's latest turnover from August 2022 is estimated at £159.2 thousand and the company has net assets of £411.1 thousand. According to their latest financial statements, we estimate that Practice Management Solutions (Midlands) Limited has 2 employees and maintains cash reserves of £16.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 418,665 | 418,391 | 432,610 | 150,651 | 357,122 | 301,293 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 94,153 | 72,710 | 29,118 | 7,627 | 54,742 | 198,966 | |||||||
| Gross Profit | 324,512 | 345,681 | 403,492 | 143,024 | 302,380 | 102,327 | |||||||
| Admin Expenses | 281,741 | 335,098 | 344,201 | 124,765 | 404,838 | 217,477 | |||||||
| Operating Profit | 42,771 | 10,583 | 59,291 | 18,259 | -102,458 | -115,150 | |||||||
| Interest Payable | 0 | 0 | 0 | 20 | 0 | 0 | |||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Pre-Tax Profit | 42,771 | 10,583 | 59,291 | 18,239 | -111,333 | -115,150 | |||||||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Profit After Tax | 42,771 | 10,583 | 59,291 | 18,239 | -111,333 | -115,150 | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Retained Profit | 42,771 | 10,583 | 59,291 | 18,239 | -111,333 | -115,150 | |||||||
| Employee Costs | |||||||||||||
| Number Of Employees | |||||||||||||
| EBITDA* | 43,342 | 10,583 | 59,861 | 18,444 | -102,458 | -103,839 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 571 | 1,242 | 2,344 | 2,250 | 1,177 | 917 | 9,446 | 12,007 | 15,114 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61,250 | 70,000 | 78,750 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 571 | 1,242 | 2,344 | 2,250 | 1,177 | 917 | 70,696 | 82,007 | 93,864 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 38,101 | 39,256 | 67,261 | 70,800 | 10,938 | 11,673 | 103,178 | 42,930 | 55,344 | 33,492 | 40,849 | 58,235 | 42,405 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 441,110 | 128,680 | 0 | 381,563 | 64,803 | 43,720 | 0 | 23,541 | 11,177 | 337 | 4,051 | 0 | 0 |
| Cash | 16,635 | 25,207 | 18,054 | 14,698 | 22,957 | 13,811 | 8,421 | 10,238 | 6,844 | 2,025 | 8,555 | 8,988 | 19,923 |
| misc current assets | 0 | 0 | 0 | 0 | 11,919 | 22,686 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 495,846 | 193,143 | 85,315 | 467,061 | 110,617 | 91,890 | 111,599 | 76,709 | 73,365 | 35,854 | 53,455 | 67,223 | 62,328 |
| total assets | 495,846 | 193,143 | 85,315 | 467,061 | 111,188 | 93,132 | 113,943 | 78,959 | 74,542 | 36,771 | 124,151 | 149,230 | 156,192 |
| Bank overdraft | 38,334 | 48,333 | 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 |
| Trade Creditors | 2,977 | 3,192 | 8,196 | 3,800 | 22,937 | 17,631 | 296,565 | 18,992 | 16,257 | 17,622 | 9,908 | 193,487 | 467,639 |
| Group/Directors Accounts | 0 | 0 | 79,213 | 0 | 0 | 0 | 0 | 234,990 | 202,638 | 0 | 238,588 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 43,485 | 24,823 | 29,141 | 595,257 | 256,678 | 250,485 | 0 | 18,187 | 108,148 | 289,889 | 35,062 | 0 | 0 |
| total current liabilities | 84,796 | 76,348 | 116,550 | 599,057 | 279,615 | 268,116 | 296,565 | 272,169 | 327,043 | 307,511 | 283,558 | 193,487 | 467,639 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 6,338 | 4,252 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 6,338 | 4,252 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 84,796 | 76,348 | 116,550 | 599,057 | 285,953 | 272,368 | 296,565 | 272,169 | 327,043 | 307,511 | 283,558 | 193,487 | 467,639 |
| net assets | 411,050 | 116,795 | -31,235 | -131,996 | -174,765 | -179,236 | -182,622 | -193,210 | -252,501 | -270,740 | -159,407 | -44,257 | -311,447 |
| total shareholders funds | 411,050 | 116,795 | -31,235 | -131,996 | -174,765 | -179,236 | -182,622 | -193,210 | -252,501 | -270,740 | -159,407 | -44,257 | -311,447 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 42,771 | 10,583 | 59,291 | 18,259 | -102,458 | -115,150 | |||||||
| Depreciation | 0 | 0 | 0 | 571 | 671 | 1,102 | 0 | 570 | 185 | 0 | 2,561 | 3,107 | 4,202 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,750 | 8,750 | 8,750 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 311,275 | 100,675 | -385,102 | 376,622 | 20,348 | -47,785 | 36,707 | -50 | 21,621 | -11,071 | -13,335 | 15,830 | 42,405 |
| Creditors | -215 | -5,004 | 4,396 | -19,137 | 5,306 | -278,934 | 277,573 | 2,735 | 6,349 | 7,714 | -183,579 | -274,152 | 467,639 |
| Accruals and Deferred Income | 18,662 | -4,318 | -566,116 | 332,241 | 8,279 | 254,737 | -18,187 | -89,961 | 73,086 | 254,827 | 35,062 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -20,176 | 233,262 | -27,315 | 76,258 | 171,154 | -239,021 | |||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 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 | 0 | 0 |
| Group/Directors Accounts | 0 | -79,213 | 79,213 | 0 | 0 | 0 | -234,990 | 32,352 | -35,950 | -238,588 | 238,588 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||||
| interest | 0 | 0 | 0 | -20 | 0 | 0 | |||||||
| cash flow from financing | -2 | -234,985 | 32,352 | -147,303 | -238,588 | 238,588 | |||||||
| cash and cash equivalents | |||||||||||||
| cash | -8,572 | 7,153 | 3,356 | -8,259 | 9,146 | 5,390 | -1,817 | 3,394 | -1,711 | -6,530 | -433 | -10,935 | 19,923 |
| overdraft | -9,999 | 48,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,427 | -41,180 | 3,356 | -8,259 | 9,146 | 5,390 | -1,817 | 3,394 | -1,711 | -6,530 | -433 | -10,935 | 19,923 |
practice management solutions (midlands) limited Credit Report and Business Information
Practice Management Solutions (midlands) Limited Competitor Analysis
Perform a competitor analysis for practice management solutions (midlands) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
practice management solutions (midlands) limited Ownership
PRACTICE MANAGEMENT SOLUTIONS (MIDLANDS) LIMITED group structure
Practice Management Solutions (Midlands) Limited has no subsidiary companies.
Ultimate parent company
MACCANNA HOLDINGS LIMITED
IE537945
OCUCO LIMITED
IE240089
2 parents
PRACTICE MANAGEMENT SOLUTIONS (MIDLANDS) LIMITED
07136369
practice management solutions (midlands) limited directors
Practice Management Solutions (Midlands) Limited currently has 2 directors. The longest serving directors include Mr Leo MacCanna (Mar 2014) and Ms Deirdre Hayes (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Leo MacCanna | Ireland | 56 years | Mar 2014 | - | Director |
| Ms Deirdre Hayes | England | 44 years | Feb 2021 | - | Director |
P&L
August 2022turnover
159.2k
-2%
operating profit
366.3k
0%
gross margin
47.7%
-0.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
411.1k
+2.52%
total assets
495.8k
+1.57%
cash
16.6k
-0.34%
net assets
Total assets minus all liabilities
Similar Companies
practice management solutions (midlands) limited company details
company number
07136369
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
January 2010
age
14
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
first floor, unit b, copse walk,, copse walk, cardiff, CF23 8RB
last accounts submitted
August 2022
practice management solutions (midlands) 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 3 charges/mortgages relating to practice management solutions (midlands) limited. Currently there are 1 open charges and 2 have been satisfied in the past.
practice management solutions (midlands) limited Companies House Filings - See Documents
| date | description | view/download |
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