advatech healthcare europe limited
advatech healthcare europe limited Company Information
Company Number
07953430
Next Accounts
68 days late
Directors
Shareholders
tom kiely
raja & mohua ganguly & banerjee
View AllGroup Structure
View All
Industry
Specialist medical practice activities
+2Registered Address
83 ducie street, manchester, M1 2JQ
Website
www.advatechhealth.comadvatech healthcare europe limited Estimated Valuation
Pomanda estimates the enterprise value of ADVATECH HEALTHCARE EUROPE LIMITED at £156.6k based on a Turnover of £321.3k and 0.49x industry multiple (adjusted for size and gross margin).
advatech healthcare europe limited Estimated Valuation
Pomanda estimates the enterprise value of ADVATECH HEALTHCARE EUROPE LIMITED at £0 based on an EBITDA of £-140.8k and a 3.69x industry multiple (adjusted for size and gross margin).
advatech healthcare europe limited Estimated Valuation
Pomanda estimates the enterprise value of ADVATECH HEALTHCARE EUROPE LIMITED at £0 based on Net Assets of £-382.3k and 2.44x industry multiple (adjusted for liquidity).
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Advatech Healthcare Europe Limited Overview
Advatech Healthcare Europe Limited is a live company located in manchester, M1 2JQ with a Companies House number of 07953430. It operates in the other passenger land transport sector, SIC Code 49390. Founded in February 2012, it's largest shareholder is tom kiely with a 95.3% stake. Advatech Healthcare Europe Limited is a established, micro sized company, Pomanda has estimated its turnover at £321.3k with declining growth in recent years.
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Advatech Healthcare Europe Limited Health Check
Pomanda's financial health check has awarded Advatech Healthcare Europe Limited a 1.5 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 £321.3k, make it smaller than the average company (£625.6k)
- Advatech Healthcare Europe Limited
£625.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (3.9%)
- Advatech Healthcare Europe Limited
3.9% - Industry AVG
Production
with a gross margin of 40.2%, this company has a comparable cost of product (40.2%)
- Advatech Healthcare Europe Limited
40.2% - Industry AVG
Profitability
an operating margin of -45.9% make it less profitable than the average company (9.3%)
- Advatech Healthcare Europe Limited
9.3% - Industry AVG
Employees
with 8 employees, this is below the industry average (17)
8 - Advatech Healthcare Europe Limited
17 - Industry AVG
Pay Structure
on an average salary of £24.8k, the company has an equivalent pay structure (£24.8k)
- Advatech Healthcare Europe Limited
£24.8k - Industry AVG
Efficiency
resulting in sales per employee of £40.2k, this is less efficient (£54k)
- Advatech Healthcare Europe Limited
£54k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (25 days)
- Advatech Healthcare Europe Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 116 days, this is slower than average (27 days)
- Advatech Healthcare Europe Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Advatech Healthcare Europe Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (105 weeks)
0 weeks - Advatech Healthcare Europe Limited
105 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 605.7%, this is a higher level of debt than the average (28.3%)
605.7% - Advatech Healthcare Europe Limited
28.3% - Industry AVG
ADVATECH HEALTHCARE EUROPE LIMITED financials
Advatech Healthcare Europe Limited's latest turnover from March 2023 is estimated at £321.3 thousand and the company has net assets of -£382.3 thousand. According to their latest financial statements, Advatech Healthcare Europe Limited has 8 employees and maintains cash reserves of £1.8 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 69,123 | 29,251 | |||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 1,108 | 3,679 | |||||||||
| Gross Profit | 68,015 | 25,572 | |||||||||
| Admin Expenses | 112,732 | 85,073 | |||||||||
| Operating Profit | -44,717 | -59,501 | |||||||||
| Interest Payable | 86 | ||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | -44,803 | -59,501 | -2,720 | ||||||||
| Tax | |||||||||||
| Profit After Tax | -44,803 | -59,501 | -2,720 | ||||||||
| Dividends Paid | |||||||||||
| Retained Profit | -44,803 | -59,501 | -2,720 | ||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 8 | 9 | 14 | 6 | 3 | 2 | 2 | ||||
| EBITDA* | -44,717 | -59,501 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 38,559 | 20,460 | 26,659 | ||||||||
| Intangible Assets | 4,848 | 5,454 | |||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 43,407 | 25,914 | 26,659 | ||||||||
| Stock & work in progress | 306 | ||||||||||
| Trade Debtors | 8,487 | 4,379 | 36,431 | 53,424 | 1,928 | 7,855 | 12 | ||||
| Group Debtors | 12 | ||||||||||
| Misc Debtors | 21,941 | 3,832 | 12,306 | 12,923 | 4,003 | 2,026 | 1,696 | ||||
| Cash | 1,764 | 17,037 | 10,758 | 7,617 | 7,362 | 5,709 | 142 | 176 | 171 | 5,484 | 11 |
| misc current assets | |||||||||||
| total current assets | 32,192 | 25,554 | 59,495 | 73,964 | 13,293 | 13,564 | 2,180 | 1,872 | 171 | 5,484 | 23 |
| total assets | 75,599 | 51,468 | 86,154 | 73,964 | 13,293 | 13,564 | 2,180 | 1,872 | 171 | 5,484 | 23 |
| Bank overdraft | 8,078 | 7,769 | 13,256 | 11,021 | 16,237 | 14,935 | |||||
| Bank loan | |||||||||||
| Trade Creditors | 61,485 | 48,630 | 31,072 | 127,178 | 89,779 | 61,716 | 34,701 | 15,023 | 12,123 | 518 | |
| Group/Directors Accounts | 42,315 | 4,535 | 53,687 | 122,074 | 122,415 | 24,536 | 36,170 | 39,905 | |||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 271,371 | 99,625 | 12,303 | 9,878 | 138 | 88,428 | 44,226 | 10,492 | 1,125 | ||
| total current liabilities | 383,249 | 160,559 | 110,318 | 270,151 | 212,332 | 190,917 | 130,032 | 50,397 | 15,023 | 12,123 | 1,643 |
| loans | 50,000 | 50,000 | 50,000 | ||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 24,627 | 70,048 | 57,068 | ||||||||
| provisions | |||||||||||
| total long term liabilities | 74,627 | 120,048 | 107,068 | ||||||||
| total liabilities | 457,876 | 280,607 | 217,386 | 270,151 | 212,332 | 190,917 | 130,032 | 50,397 | 15,023 | 12,123 | 1,643 |
| net assets | -382,277 | -229,139 | -131,232 | -196,187 | -199,039 | -177,353 | -127,852 | -48,525 | -14,852 | -6,639 | -1,620 |
| total shareholders funds | -382,277 | -229,139 | -131,232 | -196,187 | -199,039 | -177,353 | -127,852 | -48,525 | -14,852 | -6,639 | -1,620 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -44,717 | -59,501 | |||||||||
| Depreciation | 6,232 | 6,865 | 4,559 | ||||||||
| Amortisation | 606 | 606 | |||||||||
| Tax | |||||||||||
| Stock | -306 | 306 | |||||||||
| Debtors | 22,217 | -40,526 | -17,610 | 60,416 | -1,924 | 5,817 | 342 | 1,696 | -12 | 12 | |
| Creditors | 12,855 | 17,558 | -96,106 | 37,399 | 28,063 | 27,015 | 34,701 | -15,023 | 2,900 | 11,605 | 518 |
| Accruals and Deferred Income | 171,746 | 87,322 | 2,425 | 9,740 | -88,290 | 44,202 | 33,734 | 10,492 | -1,125 | 1,125 | |
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | -103,020 | 5,899 | |||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | 37,780 | -49,152 | -68,387 | -341 | 97,879 | -11,634 | -3,735 | 39,905 | |||
| Other Short Term Loans | |||||||||||
| Long term loans | 50,000 | ||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -45,421 | 12,980 | 57,068 | ||||||||
| share issue | |||||||||||
| interest | -86 | ||||||||||
| cash flow from financing | 120,910 | -1,634 | 1,100 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | -15,273 | 6,279 | 3,141 | 255 | 1,653 | 5,567 | -34 | 5 | -5,313 | 5,473 | 11 |
| overdraft | 309 | -5,487 | 2,235 | 11,021 | -16,237 | 1,302 | 14,935 | ||||
| change in cash | -15,582 | 11,766 | 906 | -10,766 | 17,890 | 4,265 | -14,969 | 5 | -5,313 | 5,473 | 11 |
advatech healthcare europe limited Credit Report and Business Information
Advatech Healthcare Europe Limited Competitor Analysis
Perform a competitor analysis for advatech healthcare europe limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in M 1 area or any other competitors across 12 key performance metrics.
advatech healthcare europe limited Ownership
ADVATECH HEALTHCARE EUROPE LIMITED group structure
Advatech Healthcare Europe Limited has no subsidiary companies.
Ultimate parent company
ADVATECH HEALTHCARE EUROPE LIMITED
07953430
advatech healthcare europe limited directors
Advatech Healthcare Europe Limited currently has 1 director, Mr Tom Kiely serving since Aug 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tom Kiely | England | 31 years | Aug 2023 | - | Director |
P&L
March 2023turnover
321.3k
+21%
operating profit
-147.6k
0%
gross margin
40.2%
+1.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-382.3k
+0.67%
total assets
75.6k
+0.47%
cash
1.8k
-0.9%
net assets
Total assets minus all liabilities
Similar Companies
advatech healthcare europe limited company details
company number
07953430
Type
Private limited with Share Capital
industry
86900 - Other human health activities
86220 - Specialist medical practice activities
49390 - Other passenger land transport n.e.c.
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
83 ducie street, manchester, M1 2JQ
Bank
-
Legal Advisor
-
advatech healthcare europe 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 advatech healthcare europe limited.
advatech healthcare europe 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.
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advatech healthcare europe limited Companies House Filings - See Documents
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