meds2u limited
meds2u limited Company Information
Company Number
09071415
Next Accounts
20 days late
Shareholders
duaa healthcare ltd
Group Structure
View All
Industry
Other human health activities
Registered Address
1st floor, portfolio place, 498 broadway, oldham, OL9 9PY
Website
-meds2u limited Estimated Valuation
Pomanda estimates the enterprise value of MEDS2U LIMITED at £1.2m based on a Turnover of £2.1m and 0.55x industry multiple (adjusted for size and gross margin).
meds2u limited Estimated Valuation
Pomanda estimates the enterprise value of MEDS2U LIMITED at £0 based on an EBITDA of £-667.4k and a 4.04x industry multiple (adjusted for size and gross margin).
meds2u limited Estimated Valuation
Pomanda estimates the enterprise value of MEDS2U LIMITED at £2.5k based on Net Assets of £1k and 2.46x industry multiple (adjusted for liquidity).
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Meds2u Limited Overview
Meds2u Limited is a live company located in oldham, OL9 9PY with a Companies House number of 09071415. It operates in the other human health activities sector, SIC Code 86900. Founded in June 2014, it's largest shareholder is duaa healthcare ltd with a 100% stake. Meds2u Limited is a established, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.
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Meds2u Limited Health Check
Pomanda's financial health check has awarded Meds2U 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
3 Regular
6 Weak
Size
annual sales of £2.1m, make it larger than the average company (£671.2k)
- Meds2u Limited
£671.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (5.5%)
- Meds2u Limited
5.5% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
- Meds2u Limited
38.2% - Industry AVG
Profitability
an operating margin of -32.1% make it less profitable than the average company (5.9%)
- Meds2u Limited
5.9% - Industry AVG
Employees
with 11 employees, this is below the industry average (17)
11 - Meds2u Limited
17 - Industry AVG
Pay Structure
on an average salary of £25.8k, the company has an equivalent pay structure (£25.8k)
- Meds2u Limited
£25.8k - Industry AVG
Efficiency
resulting in sales per employee of £191.3k, this is more efficient (£48.1k)
- Meds2u Limited
£48.1k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is later than average (24 days)
- Meds2u Limited
24 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (19 days)
- Meds2u Limited
19 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is in line with average (13 days)
- Meds2u Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (111 weeks)
14 weeks - Meds2u Limited
111 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.8%, this is a higher level of debt than the average (26.7%)
99.8% - Meds2u Limited
26.7% - Industry AVG
MEDS2U LIMITED financials
Meds2U Limited's latest turnover from April 2023 is estimated at £2.1 million and the company has net assets of £1 thousand. According to their latest financial statements, Meds2U Limited has 11 employees and maintains cash reserves of £173.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 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 | 11 | 11 | 11 | 10 | 5 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 33,071 | 75,221 | 101,391 | 99,779 | 136,022 | 57,856 | 31,910 | 18,395 | 6,204 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 83,777 | 167,555 | 188,499 |
| 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 | 33,071 | 75,221 | 101,391 | 99,779 | 136,022 | 57,856 | 115,687 | 185,950 | 194,703 |
| Stock & work in progress | 57,867 | 123,680 | 63,680 | 63,680 | 60,630 | 175,625 | 25,629 | 23,521 | 23,521 |
| Trade Debtors | 312,723 | 325,729 | 440,947 | 457,774 | 421,942 | 165,939 | 221,377 | 298,110 | 422,979 |
| Group Debtors | 0 | 658,630 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 30,779 | 44,722 | 30,280 | 24,139 | 44,889 | 57,851 | 67,359 | 57,782 | 0 |
| Cash | 173,628 | 257,355 | 479,302 | 424,728 | 104,352 | 99,877 | 109,906 | 26,655 | 4,771 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 574,997 | 1,410,116 | 1,014,209 | 970,321 | 631,813 | 499,292 | 424,271 | 406,068 | 451,271 |
| total assets | 608,068 | 1,485,337 | 1,115,600 | 1,070,100 | 767,835 | 557,148 | 539,958 | 592,018 | 645,974 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 214,263 | 275,015 | 276,146 | 275,394 | 311,309 | 204,484 | 210,248 | 295,758 | 569,691 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 13,526 | 13,526 | 13,526 | 12,943 | 0 | 0 | 0 | 0 |
| other current liabilities | 392,805 | 518,419 | 391,162 | 403,201 | 90,112 | 127,216 | 128,310 | 107,897 | 0 |
| total current liabilities | 607,068 | 806,960 | 680,834 | 692,121 | 414,364 | 331,700 | 338,558 | 403,655 | 569,691 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 10,883 | 24,146 | 45,352 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 59,462 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 10,883 | 24,146 | 45,352 | 59,462 | 0 | 0 | 0 | 0 |
| total liabilities | 607,068 | 817,843 | 704,980 | 737,473 | 473,826 | 331,700 | 338,558 | 403,655 | 569,691 |
| net assets | 1,000 | 667,494 | 410,620 | 332,627 | 294,009 | 225,448 | 201,400 | 188,363 | 76,283 |
| total shareholders funds | 1,000 | 667,494 | 410,620 | 332,627 | 294,009 | 225,448 | 201,400 | 188,363 | 76,283 |
| Apr 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 8,221 | 29,707 | 35,290 | 36,243 | 31,676 | 13,344 | 6,485 | 2,733 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 89,385 | 83,777 | 83,778 | 20,944 | 0 |
| Tax | |||||||||
| Stock | -65,813 | 60,000 | 0 | 3,050 | -114,995 | 149,996 | 2,108 | 0 | 23,521 |
| Debtors | -685,579 | 557,854 | -10,686 | 15,082 | 243,041 | -64,946 | -67,156 | -67,087 | 422,979 |
| Creditors | -60,752 | -1,131 | 752 | -35,915 | 106,825 | -5,764 | -85,510 | -273,933 | 569,691 |
| Accruals and Deferred Income | -125,614 | 127,257 | -12,039 | 313,089 | -37,104 | -1,094 | 20,413 | 107,897 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -24,409 | -13,263 | -21,206 | 45,935 | 12,943 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -59,462 | 59,462 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -83,727 | -221,947 | 54,574 | 320,376 | 4,475 | -10,029 | 83,251 | 21,884 | 4,771 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -83,727 | -221,947 | 54,574 | 320,376 | 4,475 | -10,029 | 83,251 | 21,884 | 4,771 |
meds2u limited Credit Report and Business Information
Meds2u Limited Competitor Analysis
Perform a competitor analysis for meds2u limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in OL9 area or any other competitors across 12 key performance metrics.
meds2u limited Ownership
MEDS2U LIMITED group structure
Meds2U Limited has no subsidiary companies.
Ultimate parent company
MEDS2U LIMITED
09071415
meds2u limited directors
Meds2U Limited currently has 3 directors. The longest serving directors include Mr Mohammed Balal (May 2023) and Mr Ghulam Mahmood (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohammed Balal | England | 33 years | May 2023 | - | Director |
| Mr Ghulam Mahmood | England | 32 years | May 2023 | - | Director |
| Mr Ijaz Ahmed | England | 52 years | May 2023 | - | Director |
P&L
April 2023turnover
2.1m
-14%
operating profit
-675.7k
0%
gross margin
38.2%
+2.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
1k
-1%
total assets
608.1k
-0.59%
cash
173.6k
-0.33%
net assets
Total assets minus all liabilities
meds2u limited company details
company number
09071415
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
June 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
-
address
1st floor, portfolio place, 498 broadway, oldham, OL9 9PY
Bank
-
Legal Advisor
-
meds2u 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 found 4 charges/mortgages relating to meds2u limited. Currently there are 2 open charges and 2 have been satisfied in the past.
meds2u 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 MEDS2U LIMITED. This can take several minutes, an email will notify you when this has completed.
meds2u limited Companies House Filings - See Documents
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