Sheffield Precision Medical Ltd

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sheffield precision medical ltd Company Information

Live

EstablishedSmallDeclining

Company Number

07158071

Website

www.sheffieldpm.co.uk

Registered Address

unit 1 wylcut house, petre street, sheffield, south yorkshire, S4 8LU

Industry

Manufacture of medical and dental instruments and supplies

Telephone

01142447912

Next Accounts Due

December 2024

Group Structure

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Directors

Brian Reece14 Years

Graham Reece3 Years

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Shareholders

brian reece 44.8%

penelope reece 44.8%

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sheffield precision medical ltd Estimated Valuation

£4.3m

Pomanda estimates the enterprise value of SHEFFIELD PRECISION MEDICAL LTD at £4.3m based on a Turnover of £4.2m and 1.03x industry multiple (adjusted for size and gross margin).

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Sheffield Precision Medical Ltd is a live company located in sheffield, S4 8LU with a Companies House number of 07158071. It operates in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in February 2010, it's largest shareholder is brian reece with a 44.8% stake. Sheffield Precision Medical Ltd is a established, small sized company, Pomanda has estimated its turnover at £4.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Sheffield Precision Medical Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £4.2m, make it smaller than the average company (£16.4m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.7%)

EXPORT

Sheffield Precision Medical Ltd's latest turnover from March 2023 is estimated at £4.2 million and the company has net assets of £1.9 million. According to their latest financial statements, Sheffield Precision Medical Ltd has 32 employees and maintains cash reserves of £276.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	4,202,253	4,263,577	4,464,659	4,292,869	4,003,411	2,906,639	3,314,149	2,906,982	2,219,294	4,384,124	3,200,923	2,776,399	1,794,686
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,598,705	2,578,776	2,781,080	2,540,124	2,368,209	1,720,654	1,883,630	1,612,814	1,251,807	2,506,491	1,843,498	1,587,005	1,025,277
Gross Profit	1,603,548	1,684,801	1,683,579	1,752,745	1,635,201	1,185,985	1,430,519	1,294,167	967,487	1,877,633	1,357,425	1,189,394	769,408
Admin Expenses	1,496,603	1,462,471	1,725,960	1,641,771	1,196,703	1,311,163	1,603,730	1,079,403	563,687	1,533,768	968,730	1,002,625	478,196
Operating Profit	106,945	222,330	-42,381	110,974	438,498	-125,178	-173,211	214,764	403,800	343,865	388,695	186,769	291,212
Interest Payable	21,897	16,580	7,625	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,158	3,105	241	160	1,000	817	1,165	3,043	2,178	1,554	1,381	1,167	597
Pre-Tax Profit	100,206	208,854	-49,765	111,133	439,498	-124,361	-172,046	217,808	405,978	345,419	390,076	187,936	291,810
Tax	-19,039	-39,682	0	-21,115	-83,505	0	0	-43,561	-85,255	-79,446	-93,618	-48,863	-81,707
Profit After Tax	81,167	169,172	-49,765	90,018	355,993	-124,361	-172,046	174,246	320,723	265,973	296,458	139,073	210,103
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	81,167	169,172	-49,765	90,018	355,993	-124,361	-172,046	174,246	320,723	265,973	296,458	139,073	210,103
Employee Costs	1,446,219	1,297,208	1,865,990	1,814,240	1,693,390	1,476,829	1,849,882	1,677,919	640,003	1,203,201	870,559	762,694	539,295
Number Of Employees	32	30	43	44	42	38	48	44	17	33	25	22	16
EBITDA*	108,398	223,877	193,880	302,948	669,192	79,181	-2,939	385,027	590,593	496,330	524,774	280,801	354,259

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	1,047,745	1,042,995	1,247,122	1,455,388	1,164,823	1,108,801	1,062,881	865,380	1,023,565	1,103,702	982,743	568,690	539,353
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	1	1	1	64,043	64,043	64,043	64,043
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,047,745	1,042,995	1,247,122	1,455,388	1,164,823	1,108,801	1,062,882	865,381	1,023,566	1,167,745	1,046,786	632,733	603,396
Stock & work in progress	481,795	361,887	261,011	408,008	232,941	218,767	75,797	80,009	52,265	54,248	44,875	54,569	34,212
Trade Debtors	744,229	844,611	807,091	748,008	765,167	389,892	538,108	379,516	420,863	780,986	508,250	481,168	252,638
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	158,165	37,352	73,111	129,630	188,910	178,970	53,282	249,630	0	0	0	0	0
Cash	276,764	436,548	391,394	91,083	228,247	38,386	288,500	643,405	573,819	297,386	324,350	227,990	238,962
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,660,953	1,680,398	1,532,607	1,376,729	1,415,265	826,015	955,687	1,352,560	1,046,947	1,132,620	877,475	763,727	525,812
total assets	2,708,698	2,723,393	2,779,729	2,832,117	2,580,088	1,934,816	2,018,569	2,217,941	2,070,513	2,300,365	1,924,261	1,396,460	1,129,208
Bank overdraft	60,383	55,259	8,743	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	151,466	78,173	123,316	267,636	206,982	317,331	142,678	173,321	455,165	962,767	852,028	696,563	658,946
Group/Directors Accounts	0	0	0	0	0	0	0	1	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	115,171	150,874	182,733	197,779	155,523	75,192	90,835	57,128	0	0	0	0	0
other current liabilities	104,067	179,359	142,548	170,908	255,014	155,883	202,310	190,743	0	0	0	0	0
total current liabilities	431,087	463,665	457,340	636,323	617,519	548,406	435,823	421,193	455,165	962,767	852,028	696,563	658,946
loans	125,615	185,999	241,257	0	0	0	1	0	0	0	0	0	0
hp & lease commitments	99,427	115,874	266,745	368,440	230,219	71,283	112,763	28,700	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	57,943	148,469	157,137	196,845	269,223	188,880	230,808
provisions	154,209	140,662	166,366	129,568	124,582	63,352	35,903	71,397	91,775	102,540	65,270	42,735	29,350
total long term liabilities	379,251	442,535	674,368	498,008	354,801	134,635	206,610	248,566	248,912	299,385	334,493	231,615	260,158
total liabilities	810,338	906,200	1,131,708	1,134,331	972,320	683,041	642,433	669,759	704,077	1,262,152	1,186,521	928,178	919,104
net assets	1,898,360	1,817,193	1,648,021	1,697,786	1,607,768	1,251,775	1,376,136	1,548,182	1,366,436	1,038,213	737,740	468,282	210,104
total shareholders funds	1,898,360	1,817,193	1,648,021	1,697,786	1,607,768	1,251,775	1,376,136	1,548,182	1,366,436	1,038,213	737,740	468,282	210,104

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	106,945	222,330	-42,381	110,974	438,498	-125,178	-173,211	214,764	403,800	343,865	388,695	186,769	291,212
Depreciation	1,453	1,547	236,261	191,974	230,694	204,359	170,272	170,263	186,793	152,465	136,079	94,032	63,047
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-19,039	-39,682	0	-21,115	-83,505	0	0	-43,561	-85,255	-79,446	-93,618	-48,863	-81,707
Stock	119,908	100,876	-146,997	175,067	14,174	142,970	-4,212	27,744	-1,983	9,373	-9,694	20,357	34,212
Debtors	20,431	1,761	2,564	-76,439	385,215	-22,528	-37,756	208,283	-360,123	272,736	27,082	228,530	252,638
Creditors	73,293	-45,143	-144,320	60,654	-110,349	174,653	-30,643	-281,844	-507,602	110,739	155,465	37,617	658,946
Accruals and Deferred Income	-75,292	36,811	-28,360	-84,106	99,131	-46,427	11,567	190,743	0	0	0	0	0
Deferred Taxes & Provisions	13,547	-25,704	36,798	4,986	61,230	27,449	-35,494	-20,378	-10,765	37,270	22,535	13,385	29,350
Cash flow from operations	-39,432	47,522	202,431	164,739	236,310	114,414	-15,541	-6,040	349,077	282,784	591,768	34,053	673,998
Investing Activities
capital expenditure	-6,203	202,580	-27,995	-482,539	-286,716	-250,279	-367,773	-12,078	-106,656	-273,424	-550,132	-123,369	-602,400
Change in Investments	0	0	0	0	0	-1	0	0	-64,042	0	0	0	64,043
cash flow from investments	-6,203	202,580	-27,995	-482,539	-286,716	-250,278	-367,773	-12,078	-42,614	-273,424	-550,132	-123,369	-666,443
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-1	1	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-60,384	-55,258	241,257	0	0	-1	1	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-52,150	-182,730	-116,741	180,477	239,267	-57,123	117,770	85,828	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-57,943	-90,526	-8,668	-39,708	-72,378	80,343	-41,928	230,808
share issue	0	0	0	0	0	0	0	7,500	7,500	34,500	-27,000	119,105	1
interest	-6,739	-13,475	-7,384	160	1,000	817	1,165	3,043	2,178	1,554	1,381	1,167	597
cash flow from financing	-119,273	-251,463	117,132	180,637	240,267	-114,250	28,409	87,704	-30,030	-36,324	54,724	78,344	231,406
cash and cash equivalents
cash	-159,784	45,154	300,311	-137,164	189,861	-250,114	-354,905	69,586	276,433	-26,964	96,360	-10,972	238,962
overdraft	5,124	46,516	8,743	0	0	0	0	0	0	0	0	0	0
change in cash	-164,908	-1,362	291,568	-137,164	189,861	-250,114	-354,905	69,586	276,433	-26,964	96,360	-10,972	238,962

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SHEFFIELD PRECISION MEDICAL LTD group structure

Sheffield Precision Medical Ltd has no subsidiary companies.

Ultimate parent company

SHEFFIELD PRECISION MEDICAL LTD

07158071

SHEFFIELD PRECISION MEDICAL LTD Shareholders

brian reece	44.81%
penelope reece	44.81%
margaret stocks	2.22%
victoria anne mee	1.86%
stephen pickford	1.86%
steve lambell	1.67%
mark dunhill	1.67%
stella commander	1.11%

Sheffield Precision Medical Ltd currently has 3 directors. The longest serving directors include Mr Brian Reece (Feb 2010) and Mr Graham Reece (Sep 2020).

officer	country	age	start	end	role
Mr Brian Reece	England	72 years	Feb 2010	-	Director
Mr Graham Reece	United Kingdom	36 years	Sep 2020	-	Director
Mr Stuart Reece	United Kingdom	34 years	Sep 2020	-	Director

P&L

March 2023

turnover

4.2m

-1%

operating profit

106.9k

gross margin

38.2%

-3.43%

turnover

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

Balance Sheet

March 2023

net assets

1.9m

+0.04%

total assets

2.7m

-0.01%

cash

276.8k

-0.37%

net assets

Total assets minus all liabilities

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company number

07158071

Type

Private limited with Share Capital

industry

32500 - Manufacture of medical and dental instruments and supplies

incorporation date

February 2010

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 1 wylcut house, petre street, sheffield, south yorkshire, S4 8LU

last accounts submitted

March 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 did not find charges/mortgages relating to sheffield precision medical ltd.

sheffield precision medical ltd Company Information

sheffield precision medical ltd Estimated Valuation

sheffield precision medical ltd Estimated Valuation

sheffield precision medical ltd Estimated Valuation

Sheffield Precision Medical Ltd Overview

Sheffield Precision Medical Ltd Health Check

SHEFFIELD PRECISION MEDICAL LTD financials

sheffield precision medical ltd Credit Report and Business Information

Sheffield Precision Medical Ltd Competitor Analysis

sheffield precision medical ltd Ownership

sheffield precision medical ltd directors

sheffield precision medical ltd company details

sheffield precision medical ltd Charges & Mortgages

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