teare medical limited
teare medical limited Company Information
Company Number
07253806
Next Accounts
26 days late
Shareholders
dr julian teare
mrs rebecca teare
Group Structure
View All
Industry
General medical practice activities
+2Registered Address
76 canterbury road, croydon, surrey, CR0 3HA
Website
bradteare.comteare medical limited Estimated Valuation
Pomanda estimates the enterprise value of TEARE MEDICAL LIMITED at £192.3k based on a Turnover of £359.8k and 0.53x industry multiple (adjusted for size and gross margin).
teare medical limited Estimated Valuation
Pomanda estimates the enterprise value of TEARE MEDICAL LIMITED at £1.1m based on an EBITDA of £276.2k and a 3.93x industry multiple (adjusted for size and gross margin).
teare medical limited Estimated Valuation
Pomanda estimates the enterprise value of TEARE MEDICAL LIMITED at £4.2m based on Net Assets of £1.7m and 2.46x industry multiple (adjusted for liquidity).
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Teare Medical Limited Overview
Teare Medical Limited is a live company located in surrey, CR0 3HA with a Companies House number of 07253806. It operates in the hospital activities sector, SIC Code 86101. Founded in May 2010, it's largest shareholder is dr julian teare with a 50% stake. Teare Medical Limited is a established, micro sized company, Pomanda has estimated its turnover at £359.8k with healthy growth in recent years.
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Teare Medical Limited Health Check
Pomanda's financial health check has awarded Teare Medical Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £359.8k, make it smaller than the average company (£2m)
- Teare Medical Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.1%)
- Teare Medical Limited
6.1% - Industry AVG
Production
with a gross margin of 39.3%, this company has a comparable cost of product (39.3%)
- Teare Medical Limited
39.3% - Industry AVG
Profitability
an operating margin of 71.1% make it more profitable than the average company (6.7%)
- Teare Medical Limited
6.7% - Industry AVG
Employees
with 4 employees, this is below the industry average (26)
4 - Teare Medical Limited
26 - Industry AVG
Pay Structure
on an average salary of £30.7k, the company has an equivalent pay structure (£30.7k)
- Teare Medical Limited
£30.7k - Industry AVG
Efficiency
resulting in sales per employee of £90k, this is more efficient (£68.6k)
- Teare Medical Limited
£68.6k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (30 days)
- Teare Medical Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (26 days)
- Teare Medical Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Teare Medical Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1004 weeks, this is more cash available to meet short term requirements (64 weeks)
1004 weeks - Teare Medical Limited
64 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4%, this is a lower level of debt than the average (42.3%)
4% - Teare Medical Limited
42.3% - Industry AVG
TEARE MEDICAL LIMITED financials
Teare Medical Limited's latest turnover from May 2023 is estimated at £359.8 thousand and the company has net assets of £1.7 million. According to their latest financial statements, Teare Medical Limited has 4 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,205 | 2,539 | 4,395 | 5,225 | 2,560 | 1,513 | 1,752 | 2,777 | 928 | 471 | 1,890 | 3,160 | 2,950 |
| Intangible Assets | 122,500 | 140,000 | 157,500 | 175,000 | 192,500 | 210,000 | 227,500 | 245,000 | 262,500 | 280,000 | 297,500 | 315,000 | 332,500 |
| Investments & Other | 45,309 | 31,838 | 19,214 | 24,463 | 37,047 | 45,432 | |||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 171,014 | 174,377 | 181,109 | 204,688 | 232,107 | 256,945 | 229,252 | 247,777 | 263,428 | 280,471 | 299,390 | 318,160 | 335,450 |
| Stock & work in progress | |||||||||||||
| Trade Debtors | 64,260 | 57,495 | 39,347 | 40,059 | 38,516 | 42,560 | 44,033 | 38,750 | 47,635 | 56,619 | 72,387 | 59,224 | 43,179 |
| Group Debtors | |||||||||||||
| Misc Debtors | 173,720 | 193,559 | 185,708 | 221,255 | 272,768 | 261,971 | 21,957 | 16,084 | |||||
| Cash | 1,364,697 | 1,135,305 | 909,850 | 790,051 | 637,280 | 434,795 | 514,886 | 407,680 | 249,650 | 248,130 | 206,122 | 137,347 | 14,380 |
| misc current assets | 700 | 17,747 | |||||||||||
| total current assets | 1,602,677 | 1,386,359 | 1,134,905 | 1,052,065 | 948,564 | 739,326 | 580,876 | 462,514 | 315,032 | 304,749 | 278,509 | 196,571 | 57,559 |
| total assets | 1,773,691 | 1,560,736 | 1,316,014 | 1,256,753 | 1,180,671 | 996,271 | 810,128 | 710,291 | 578,460 | 585,220 | 577,899 | 514,731 | 393,009 |
| Bank overdraft | 5 | ||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 388 | 452 | 84 | 6 | 517 | 404 | 762 | 81,883 | 112,769 | 205,336 | 226,469 | 248,882 | |
| Group/Directors Accounts | 7,499 | 25,221 | 10,253 | 11,033 | 10,842 | 3,106 | 9,846 | ||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 70,290 | 84,246 | 37,378 | 35,026 | 50,304 | 48,366 | 50,886 | 50,043 | |||||
| total current liabilities | 70,678 | 92,197 | 62,599 | 45,363 | 61,343 | 59,725 | 54,401 | 60,651 | 81,883 | 112,769 | 205,336 | 226,469 | 248,882 |
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | 183 | ||||||||||||
| other liabilities | |||||||||||||
| provisions | 849 | 482 | 835 | 993 | 486 | 287 | 333 | 555 | 185 | 94 | 378 | 632 | |
| total long term liabilities | 849 | 482 | 835 | 993 | 486 | 287 | 333 | 555 | 368 | 94 | 378 | 632 | |
| total liabilities | 71,527 | 92,679 | 63,434 | 46,356 | 61,829 | 60,012 | 54,734 | 61,206 | 82,251 | 112,863 | 205,714 | 227,101 | 248,882 |
| net assets | 1,702,164 | 1,468,057 | 1,252,580 | 1,210,397 | 1,118,842 | 936,259 | 755,394 | 649,085 | 496,209 | 472,357 | 372,185 | 287,630 | 144,127 |
| total shareholders funds | 1,702,164 | 1,468,057 | 1,252,580 | 1,210,397 | 1,118,842 | 936,259 | 755,394 | 649,085 | 496,209 | 472,357 | 372,185 | 287,630 | 144,127 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 2,781 | 2,363 | 2,294 | 1,929 | 1,287 | 1,286 | 1,025 | 1,061 | 732 | 1,419 | 1,419 | 1,381 | 984 |
| Amortisation | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 |
| Tax | |||||||||||||
| Stock | |||||||||||||
| Debtors | -13,074 | 25,999 | -36,259 | -49,970 | 6,753 | 238,541 | 11,156 | 7,199 | -8,984 | -15,768 | 13,163 | 16,045 | 43,179 |
| Creditors | -64 | 452 | -84 | 78 | -511 | 113 | -358 | -81,121 | -30,886 | -92,567 | -21,133 | -22,413 | 248,882 |
| Accruals and Deferred Income | -13,956 | 46,868 | 2,352 | -15,278 | 1,938 | -2,520 | 843 | 49,860 | 183 | ||||
| Deferred Taxes & Provisions | 367 | -353 | -158 | 507 | 199 | -46 | -222 | 370 | 91 | -284 | -254 | 632 | |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 13,471 | 12,624 | -5,249 | -12,584 | -8,385 | 45,432 | |||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -7,499 | -17,722 | 14,968 | -780 | 191 | 7,736 | -6,740 | 9,846 | |||||
| Other Short Term Loans | |||||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 229,392 | 225,455 | 119,799 | 152,771 | 202,485 | -80,091 | 107,206 | 158,030 | 1,520 | 42,008 | 68,775 | 122,967 | 14,380 |
| overdraft | -5 | 5 | |||||||||||
| change in cash | 229,392 | 225,455 | 119,799 | 152,771 | 202,485 | -80,086 | 107,201 | 158,030 | 1,520 | 42,008 | 68,775 | 122,967 | 14,380 |
teare medical limited Credit Report and Business Information
Teare Medical Limited Competitor Analysis
Perform a competitor analysis for teare medical limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in CR0 area or any other competitors across 12 key performance metrics.
teare medical limited Ownership
TEARE MEDICAL LIMITED group structure
Teare Medical Limited has no subsidiary companies.
Ultimate parent company
TEARE MEDICAL LIMITED
07253806
teare medical limited directors
Teare Medical Limited currently has 2 directors. The longest serving directors include Dr Julian Teare (May 2010) and Ms Rebecca Teare (May 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Julian Teare | Scotland | 63 years | May 2010 | - | Director |
| Ms Rebecca Teare | 57 years | May 2010 | - | Director |
P&L
May 2023turnover
359.8k
+6%
operating profit
255.9k
0%
gross margin
39.4%
-2.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
1.7m
+0.16%
total assets
1.8m
+0.14%
cash
1.4m
+0.2%
net assets
Total assets minus all liabilities
teare medical limited company details
company number
07253806
Type
Private limited with Share Capital
industry
86101 - Hospital activities
86210 - General medical practice activities
86900 - Other human health activities
incorporation date
May 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
AFFINITY ASSOCIATES (FLEMMINGS) LIMITED
auditor
-
address
76 canterbury road, croydon, surrey, CR0 3HA
Bank
-
Legal Advisor
-
teare medical 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 teare medical limited.
teare medical limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for TEARE MEDICAL LIMITED. This can take several minutes, an email will notify you when this has completed.
teare medical limited Companies House Filings - See Documents
| date | description | view/download |
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