primus medical indemnity limited
primus medical indemnity limited Company Information
Company Number
08966062
Website
medi-insure.co.ukRegistered Address
lake view house wilton drive, warwick, CV34 6RG
Industry
Other activities auxiliary to insurance and pension funding
Telephone
02476472472
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
jonathan peter griffiths 43.8%
mark james evans 37.5%
View Allprimus medical indemnity limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMUS MEDICAL INDEMNITY LIMITED at £140.8k based on a Turnover of £220.2k and 0.64x industry multiple (adjusted for size and gross margin).
primus medical indemnity limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMUS MEDICAL INDEMNITY LIMITED at £116k based on an EBITDA of £35k and a 3.31x industry multiple (adjusted for size and gross margin).
primus medical indemnity limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMUS MEDICAL INDEMNITY LIMITED at £100.2k based on Net Assets of £37.1k and 2.7x industry multiple (adjusted for liquidity).
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Primus Medical Indemnity Limited Overview
Primus Medical Indemnity Limited is a live company located in warwick, CV34 6RG with a Companies House number of 08966062. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in March 2014, it's largest shareholder is jonathan peter griffiths with a 43.8% stake. Primus Medical Indemnity Limited is a established, micro sized company, Pomanda has estimated its turnover at £220.2k with healthy growth in recent years.
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Primus Medical Indemnity Limited Health Check
Pomanda's financial health check has awarded Primus Medical Indemnity Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £220.2k, make it smaller than the average company (£3.5m)
- Primus Medical Indemnity Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (7.4%)
- Primus Medical Indemnity Limited
7.4% - Industry AVG
Production
with a gross margin of 39.5%, this company has a higher cost of product (93.1%)
- Primus Medical Indemnity Limited
93.1% - Industry AVG
Profitability
an operating margin of 15.9% make it more profitable than the average company (8.1%)
- Primus Medical Indemnity Limited
8.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (29)
1 - Primus Medical Indemnity Limited
29 - Industry AVG
Pay Structure
on an average salary of £54.6k, the company has an equivalent pay structure (£54.6k)
- Primus Medical Indemnity Limited
£54.6k - Industry AVG
Efficiency
resulting in sales per employee of £220.2k, this is more efficient (£129.8k)
- Primus Medical Indemnity Limited
£129.8k - Industry AVG
Debtor Days
it gets paid by customers after 435 days, this is later than average (69 days)
- Primus Medical Indemnity Limited
69 days - Industry AVG
Creditor Days
its suppliers are paid after 481 days, this is slower than average (14 days)
- Primus Medical Indemnity Limited
14 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Primus Medical Indemnity Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Primus Medical Indemnity Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.1%, this is a higher level of debt than the average (69%)
86.1% - Primus Medical Indemnity Limited
69% - Industry AVG
PRIMUS MEDICAL INDEMNITY LIMITED financials
Primus Medical Indemnity Limited's latest turnover from March 2024 is estimated at £220.2 thousand and the company has net assets of £37.1 thousand. According to their latest financial statements, Primus Medical Indemnity Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,446 | 1,957 | 2,535 | 3,164 | 1,455 | 501 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,446 | 1,957 | 2,535 | 3,164 | 1,455 | 501 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 262,704 | 394,169 | 224,715 | 238,633 | 214,213 | 22,312 | 900 | 2 | 2 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 262,704 | 394,169 | 224,715 | 238,633 | 214,213 | 22,312 | 900 | 2 | 2 | 0 |
| total assets | 266,150 | 396,126 | 227,250 | 241,797 | 215,668 | 22,813 | 900 | 2 | 2 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 175,906 | 311,407 | 216,034 | 216,451 | 200,426 | 17,345 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 175,906 | 311,407 | 216,034 | 216,451 | 200,426 | 17,345 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 53,131 | 73,887 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 53,131 | 73,887 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 229,037 | 385,294 | 216,034 | 216,451 | 200,426 | 17,345 | 0 | 0 | 0 | 0 |
| net assets | 37,113 | 10,832 | 11,216 | 25,346 | 15,242 | 5,468 | 900 | 2 | 2 | 0 |
| total shareholders funds | 37,113 | 10,832 | 11,216 | 25,346 | 15,242 | 5,468 | 900 | 2 | 2 | 0 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | ||||||||
| Amortisation | 0 | 0 | ||||||||
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -131,465 | 169,454 | -13,918 | 24,420 | 191,901 | 21,412 | 898 | 0 | 2 | 0 |
| Creditors | -135,501 | 95,373 | -417 | 16,025 | 183,081 | 17,345 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | -20,756 | 73,887 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
primus medical indemnity limited Credit Report and Business Information
Primus Medical Indemnity Limited Competitor Analysis
Perform a competitor analysis for primus medical indemnity limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in CV34 area or any other competitors across 12 key performance metrics.
primus medical indemnity limited Ownership
PRIMUS MEDICAL INDEMNITY LIMITED group structure
Primus Medical Indemnity Limited has no subsidiary companies.
Ultimate parent company
PRIMUS MEDICAL INDEMNITY LIMITED
08966062
primus medical indemnity limited directors
Primus Medical Indemnity Limited currently has 3 directors. The longest serving directors include Mr Roy Evans (Mar 2014) and Mr Mark Evans (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roy Evans | United Kingdom | 72 years | Mar 2014 | - | Director |
| Mr Mark Evans | United Kingdom | 43 years | Jan 2018 | - | Director |
| Mr Jonathan Griffiths | United Kingdom | 43 years | Jan 2018 | - | Director |
P&L
March 2024turnover
220.2k
-23%
operating profit
35k
0%
gross margin
39.5%
-6.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
37.1k
+2.43%
total assets
266.2k
-0.33%
cash
0
0%
net assets
Total assets minus all liabilities
primus medical indemnity limited company details
company number
08966062
Type
Private limited with Share Capital
industry
66290 - Other activities auxiliary to insurance and pension funding
incorporation date
March 2014
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
medi-insure medical indemnity solutions limited (April 2017)
medi-insure limited (February 2017)
accountant
PRIME
auditor
-
address
lake view house wilton drive, warwick, CV34 6RG
Bank
-
Legal Advisor
-
primus medical indemnity 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 primus medical indemnity limited.
primus medical indemnity limited Companies House Filings - See Documents
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