Open Medical Ltd

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open medical ltd Company Information

Live

EstablishedSmallRapid

Company Number

08620208

Next Accounts

Dec 2024

Industry

Business and domestic software development

Data processing, hosting and related activities

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Directors

Charalampos Lykostratis

Piyush Mahapatra

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Shareholders

caln medical holdings ltd

Group Structure

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Contact

Registered Address

c p house 97 -107 uxbridge road, ealing, london, W5 5TL

Website

www.openmedical.co.uk

open medical ltd Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of OPEN MEDICAL LTD at £4.5m based on a Turnover of £4.7m and 0.98x industry multiple (adjusted for size and gross margin).

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Open Medical Ltd is a live company located in london, W5 5TL with a Companies House number of 08620208. It operates in the business and domestic software development sector, SIC Code 62012. Founded in July 2013, it's largest shareholder is caln medical holdings ltd with a 100% stake. Open Medical Ltd is a established, small sized company, Pomanda has estimated its turnover at £4.7m with rapid growth in recent years.

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Pomanda's financial health check has awarded Open Medical Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £4.7m, make it larger than the average company (£3m)

Growth

3 year (CAGR) sales growth of 87%, show it is growing at a faster rate (5.4%)

EXPORT

Open Medical Ltd's latest turnover from March 2023 is estimated at £4.7 million and the company has net assets of £63.9 thousand. According to their latest financial statements, Open Medical Ltd has 41 employees and maintains cash reserves of £2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015
Turnover	4,656,396	4,388,328	2,434,676	706,473	633,178	296,073	192,564	5,851	9,919
Other Income Or Grants	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,810,341	1,705,846	962,326	266,571	241,550	111,528	69,848	2,123	3,575
Gross Profit	2,846,054	2,682,482	1,472,350	439,902	391,629	184,545	122,716	3,728	6,344
Admin Expenses	3,237,035	2,537,648	1,133,457	387,814	405,829	212,703	119,273	267	6,344
Operating Profit	-390,981	144,834	338,893	52,088	-14,200	-28,158	3,443	3,461	0
Interest Payable	25,625	19,938	16,775	7,625	0	0	0	0	0
Interest Receivable	99,743	20,821	499	205	289	172	38	23	0
Pre-Tax Profit	-316,863	145,717	322,617	44,668	-13,911	-27,986	3,480	3,484	0
Tax	0	-27,686	-61,297	-8,487	0	0	-661	-697	0
Profit After Tax	-316,863	118,031	261,320	36,181	-13,911	-27,986	2,819	2,787	0
Dividends Paid	0	0	0	0	0	0	0	0	0
Retained Profit	-316,863	118,031	261,320	36,181	-13,911	-27,986	2,819	2,787	0
Employee Costs	2,542,574	1,871,369	951,036	472,998	270,128	214,386	154,252	53,927	52,409
Number Of Employees	41	32	18	9	5	4	3	1	1
EBITDA*	-362,347	166,314	339,211	52,453	-14,047	-28,158	3,443	3,461	0

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015
Tangible Assets	112,123	123,865	201	519	884	442	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0
Total Fixed Assets	112,123	123,865	201	519	884	442	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0
Trade Debtors	836,167	917,043	521,343	98,548	138,490	33,710	18,000	0	1,500
Group Debtors	84,429	0	0	0	0	0	0	0	0
Misc Debtors	20,240	75,274	125,727	0	0	0	723	170	0
Cash	1,981,253	2,712,549	618,777	380,139	29,515	47,656	20,948	9,126	0
misc current assets	0	0	0	0	0	0	0	0	0
total current assets	2,922,089	3,704,866	1,265,847	478,687	168,005	81,366	39,671	9,296	1,500
total assets	3,034,212	3,828,731	1,266,048	479,206	168,889	81,808	39,671	9,296	1,500
Bank overdraft	0	0	0	0	0	0	0	0	0
Bank loan	0	0	50,000	0	0	0	0	0	0
Trade Creditors	29,349	16,881	4,923	4,313	225	4,066	5,052	2,052	0
Group/Directors Accounts	0	0	0	0	125,000	50,000	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
other current liabilities	2,690,985	3,181,109	698,415	223,503	78,455	48,622	27,513	2,957	0
total current liabilities	2,720,334	3,197,990	753,338	227,816	203,680	102,688	32,565	5,009	0
loans	250,000	250,000	250,000	250,000	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0
total long term liabilities	250,000	250,000	250,000	250,000	0	0	0	0	0
total liabilities	2,970,334	3,447,990	1,003,338	477,816	203,680	102,688	32,565	5,009	0
net assets	63,878	380,741	262,710	1,390	-34,791	-20,880	7,106	4,287	1,500
total shareholders funds	63,878	380,741	262,710	1,390	-34,791	-20,880	7,106	4,287	1,500

	Mar 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014
Operating Activities
Operating Profit	-390,981	144,834	338,893	52,088	-14,200	-28,158	3,443	3,461	0	0
Depreciation	28,634	21,480	318	365	153	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-27,686	-61,297	-8,487	0	0	-661	-697	0	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-51,481	345,247	548,522	-39,942	104,780	14,987	18,553	-1,330	1,500	0
Creditors	12,468	11,958	610	4,088	-3,841	-986	3,000	2,052	0	0
Accruals and Deferred Income	-490,124	2,482,694	474,912	145,048	29,833	21,109	24,556	2,957	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-788,522	2,288,033	204,914	233,044	-92,835	-23,022	11,785	9,103	-1,500	0
Investing Activities
capital expenditure	-16,892	-145,144	0	0	-595	-442	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-16,892	-145,144	0	0	-595	-442	0	0	0	0
Financing Activities
Bank loans	0	-50,000	50,000	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-125,000	75,000	50,000	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	250,000	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	1,500	0
interest	74,118	883	-16,276	-7,420	289	172	38	23	0	0
cash flow from financing	74,118	-49,117	33,724	117,580	75,289	50,172	38	23	1,500	0
cash and cash equivalents
cash	-731,296	2,093,772	238,638	350,624	-18,141	26,708	11,822	9,126	0	0
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-731,296	2,093,772	238,638	350,624	-18,141	26,708	11,822	9,126	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OPEN MEDICAL LTD group structure

Open Medical Ltd has no subsidiary companies.

Ultimate parent company

OPEN MEDICAL HOLDINGS LIMITED

10909544

1 parent

OPEN MEDICAL LTD

08620208

OPEN MEDICAL LTD Shareholders

caln medical holdings ltd

100%

Open Medical Ltd currently has 4 directors. The longest serving directors include Mr Charalampos Lykostratis (Jul 2013) and Dr Piyush Mahapatra (Sep 2020).

officer	country	age	start	end	role
Mr Charalampos Lykostratis	United Kingdom	48 years	Jul 2013	-	Director
Dr Piyush Mahapatra	United Kingdom	38 years	Sep 2020	-	Director
Mr Michael Shenouda	England	38 years	Sep 2020	-	Director
Ms Dorota Naumiuk	England	36 years	Sep 2020	-	Director

P&L

March 2023

turnover

4.7m

+6%

operating profit

-391k

gross margin

61.2%

-0.01%

turnover

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

Balance Sheet

March 2023

net assets

63.9k

-0.83%

total assets

-0.21%

cash

-0.27%

net assets

Total assets minus all liabilities

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company number

08620208

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

62012 - Business and domestic software development

63110 - Data processing, hosting and related activities

incorporation date

July 2013

ultimate parent company

OPEN MEDICAL HOLDINGS LIMITED

previous names

N/A

address

c p house 97 -107 uxbridge road, ealing, london, W5 5TL

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 open medical ltd.

open medical ltd Company Information

open medical ltd Estimated Valuation

open medical ltd Estimated Valuation

open medical ltd Estimated Valuation

Open Medical Ltd Overview

Open Medical Ltd Health Check

OPEN MEDICAL LTD financials

open medical ltd Credit Report and Business Information

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open medical ltd Ownership

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open medical ltd Companies House Filings - See Documents