bettermed ltd
bettermed ltd Company Information
Company Number
07876935
Website
bettermed.comRegistered Address
112c high street, 1st floor, hadleigh, ipswich, IP7 5EL
Industry
Retail sale via mail order houses or via Internet
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Directors
Jens Gadegaard3 Years
Shareholders
tom nygaard 50%
henrik roedsand 25%
View Allbettermed ltd Estimated Valuation
Pomanda estimates the enterprise value of BETTERMED LTD at £33.1k based on a Turnover of £143k and 0.23x industry multiple (adjusted for size and gross margin).
bettermed ltd Estimated Valuation
Pomanda estimates the enterprise value of BETTERMED LTD at £7.4k based on an EBITDA of £2.3k and a 3.16x industry multiple (adjusted for size and gross margin).
bettermed ltd Estimated Valuation
Pomanda estimates the enterprise value of BETTERMED LTD at £43k based on Net Assets of £20.8k and 2.07x industry multiple (adjusted for liquidity).
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Bettermed Ltd Overview
Bettermed Ltd is a live company located in ipswich, IP7 5EL with a Companies House number of 07876935. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in December 2011, it's largest shareholder is tom nygaard with a 50% stake. Bettermed Ltd is a established, micro sized company, Pomanda has estimated its turnover at £143k with low growth in recent years.
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Bettermed Ltd Health Check
Pomanda's financial health check has awarded Bettermed Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
5 Weak
Size
annual sales of £143k, make it smaller than the average company (£336.1k)
- Bettermed Ltd
£336.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.1%)
- Bettermed Ltd
6.1% - Industry AVG
Production
with a gross margin of 19.9%, this company has a higher cost of product (36.5%)
- Bettermed Ltd
36.5% - Industry AVG
Profitability
an operating margin of 1.6% make it as profitable than the average company (2%)
- Bettermed Ltd
2% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Bettermed Ltd
4 - Industry AVG
Pay Structure
on an average salary of £27.1k, the company has an equivalent pay structure (£27.1k)
- Bettermed Ltd
£27.1k - Industry AVG
Efficiency
resulting in sales per employee of £143k, this is equally as efficient (£161.5k)
- Bettermed Ltd
£161.5k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (21 days)
- Bettermed Ltd
21 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Bettermed Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bettermed Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Bettermed Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25%, this is a lower level of debt than the average (76.4%)
25% - Bettermed Ltd
76.4% - Industry AVG
BETTERMED LTD financials
Bettermed Ltd's latest turnover from June 2023 is estimated at £143 thousand and the company has net assets of £20.8 thousand. According to their latest financial statements, we estimate that Bettermed Ltd has 1 employee and maintains cash reserves of 0 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 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||||
| EBITDA* |
* 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 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 100 | 100 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 100 | 100 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,560 | 16,005 | 13,894 | 0 |
| Trade Debtors | 27,652 | 35,148 | 51,793 | 33,809 | 35,092 | 55,661 | 57,879 | 7,289 | 100 | 100 | 1,042 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,572 | 69,710 | 58,862 | 79,155 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,652 | 35,148 | 51,793 | 33,809 | 35,092 | 55,661 | 57,879 | 72,421 | 85,815 | 72,856 | 80,197 |
| total assets | 27,652 | 35,148 | 51,793 | 33,809 | 35,092 | 55,761 | 57,979 | 72,421 | 85,815 | 72,856 | 80,197 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 899 | 26,272 | 13,270 | 21,918 | 26,494 | 62,904 | 77,299 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 0 | 0 | 0 | 899 | 26,272 | 13,270 | 21,918 | 26,494 | 62,904 | 77,299 |
| 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 | 850 | 800 | 810 | 810 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 6,050 | 15,354 | 26,961 | 2,930 | 16,596 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 6,900 | 16,154 | 27,771 | 3,740 | 16,596 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 6,900 | 16,154 | 27,771 | 3,740 | 17,495 | 26,272 | 13,270 | 21,918 | 26,494 | 62,904 | 77,299 |
| net assets | 20,752 | 18,994 | 24,022 | 30,069 | 17,597 | 29,489 | 44,709 | 50,503 | 59,321 | 9,952 | 2,898 |
| total shareholders funds | 20,752 | 18,994 | 24,022 | 30,069 | 17,597 | 29,489 | 44,709 | 50,503 | 59,321 | 9,952 | 2,898 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -26,560 | 10,555 | 2,111 | 13,894 | 0 |
| Debtors | -7,496 | -16,645 | 17,984 | -1,283 | -20,569 | -2,218 | 50,590 | 7,189 | 0 | 100 | 1,042 |
| Creditors | 0 | 0 | 0 | -899 | -25,373 | 13,002 | -8,648 | -4,576 | -36,410 | 62,904 | 77,299 |
| Accruals and Deferred Income | 50 | -10 | 0 | 810 | 0 | 0 | 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 | -100 | 0 | 100 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -9,304 | -11,607 | 24,031 | -13,666 | 16,596 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -38,572 | -31,138 | 10,848 | 58,862 | 79,155 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -38,572 | -31,138 | 10,848 | 58,862 | 79,155 |
bettermed ltd Credit Report and Business Information
Bettermed Ltd Competitor Analysis
Perform a competitor analysis for bettermed ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in IP7 area or any other competitors across 12 key performance metrics.
bettermed ltd Ownership
BETTERMED LTD group structure
Bettermed Ltd has no subsidiary companies.
Ultimate parent company
BETTERMED LTD
07876935
bettermed ltd directors
Bettermed Ltd currently has 1 director, Mr Jens Gadegaard serving since Jan 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jens Gadegaard | United Kingdom | 61 years | Jan 2021 | - | Director |
P&L
June 2023turnover
143k
-16%
operating profit
2.3k
0%
gross margin
19.9%
-2.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
20.8k
+0.09%
total assets
27.7k
-0.21%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
bettermed ltd company details
company number
07876935
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
December 2011
age
13
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
112c high street, 1st floor, hadleigh, ipswich, IP7 5EL
accountant
STEPHEN PERRY & CO
auditor
-
bettermed ltd 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 bettermed ltd.
bettermed ltd Companies House Filings - See Documents
| date | description | view/download |
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