medcare24 ltd
medcare24 ltd Company Information
Company Number
09649247
Website
-Registered Address
38 shear bank road, blackburn, BB1 8AZ
Industry
Other human health activities
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Directors
Mohammed Akhtar2 Years
Shareholders
mohammed imran akhtar 100%
medcare24 ltd Estimated Valuation
Pomanda estimates the enterprise value of MEDCARE24 LTD at £94k based on a Turnover of £286.2k and 0.33x industry multiple (adjusted for size and gross margin).
medcare24 ltd Estimated Valuation
Pomanda estimates the enterprise value of MEDCARE24 LTD at £0 based on an EBITDA of £-665.4k and a 3.02x industry multiple (adjusted for size and gross margin).
medcare24 ltd Estimated Valuation
Pomanda estimates the enterprise value of MEDCARE24 LTD at £101.7k based on Net Assets of £43.8k and 2.32x industry multiple (adjusted for liquidity).
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Medcare24 Ltd Overview
Medcare24 Ltd is a live company located in blackburn, BB1 8AZ with a Companies House number of 09649247. It operates in the other human health activities sector, SIC Code 86900. Founded in June 2015, it's largest shareholder is mohammed imran akhtar with a 100% stake. Medcare24 Ltd is a young, micro sized company, Pomanda has estimated its turnover at £286.2k with declining growth in recent years.
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Medcare24 Ltd Health Check
Pomanda's financial health check has awarded Medcare24 Ltd a 2 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
1 Regular
7 Weak
Size
annual sales of £286.2k, make it smaller than the average company (£691.3k)
- Medcare24 Ltd
£691.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -48%, show it is growing at a slower rate (4.7%)
- Medcare24 Ltd
4.7% - Industry AVG
Production
with a gross margin of 21.6%, this company has a higher cost of product (36.9%)
- Medcare24 Ltd
36.9% - Industry AVG
Profitability
an operating margin of -232.5% make it less profitable than the average company (8%)
- Medcare24 Ltd
8% - Industry AVG
Employees
with 1 employees, this is below the industry average (18)
1 - Medcare24 Ltd
18 - Industry AVG
Pay Structure
on an average salary of £23.7k, the company has an equivalent pay structure (£23.7k)
- Medcare24 Ltd
£23.7k - Industry AVG
Efficiency
resulting in sales per employee of £286.2k, this is more efficient (£44.5k)
- Medcare24 Ltd
£44.5k - Industry AVG
Debtor Days
it gets paid by customers after 117 days, this is later than average (23 days)
- Medcare24 Ltd
23 days - Industry AVG
Creditor Days
its suppliers are paid after 122 days, this is slower than average (17 days)
- Medcare24 Ltd
17 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Medcare24 Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Medcare24 Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.2%, this is a higher level of debt than the average (25%)
63.2% - Medcare24 Ltd
25% - Industry AVG
MEDCARE24 LTD financials
Medcare24 Ltd's latest turnover from September 2022 is estimated at £286.2 thousand and the company has net assets of £43.8 thousand. According to their latest financial statements, Medcare24 Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 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 | 7 | 5 | 3 | 3 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 27,000 | 573,371 | 30,937 | 32,250 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 27,000 | 573,371 | 30,937 | 32,250 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 0 |
| Trade Debtors | 91,954 | 917,367 | 943,454 | 731,225 | 426,550 | 245,204 | 52,055 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 106,398 | 100 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 91,954 | 917,367 | 943,454 | 731,225 | 426,550 | 245,204 | 165,453 | 100 |
| total assets | 118,954 | 1,490,738 | 974,391 | 763,475 | 426,550 | 245,204 | 165,453 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 75,173 | 531,528 | 440,383 | 277,218 | 182,472 | 145,384 | 116,140 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 75,173 | 531,528 | 440,383 | 277,218 | 182,472 | 145,384 | 116,140 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 250,000 | 110,509 | 130,407 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 250,000 | 110,509 | 130,407 | 0 | 0 | 0 | 0 |
| total liabilities | 75,173 | 781,528 | 550,892 | 407,625 | 182,472 | 145,384 | 116,140 | 0 |
| net assets | 43,781 | 709,210 | 423,499 | 355,850 | 244,078 | 99,820 | 49,313 | 100 |
| total shareholders funds | 43,781 | 709,210 | 423,499 | 355,850 | 244,078 | 99,820 | 49,313 | 100 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | ||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -7,000 | 7,000 | 0 |
| Debtors | -825,413 | -26,087 | 212,229 | 304,675 | 181,346 | 193,149 | 52,055 | 0 |
| Creditors | -456,355 | 91,145 | 163,165 | 94,746 | 37,088 | 29,244 | 116,140 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -250,000 | 139,491 | -19,898 | 130,407 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -106,398 | 106,298 | 100 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -106,398 | 106,298 | 100 |
medcare24 ltd Credit Report and Business Information
Medcare24 Ltd Competitor Analysis
Perform a competitor analysis for medcare24 ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
medcare24 ltd Ownership
MEDCARE24 LTD group structure
Medcare24 Ltd has no subsidiary companies.
Ultimate parent company
MEDCARE24 LTD
09649247
medcare24 ltd directors
Medcare24 Ltd currently has 1 director, Mr Mohammed Akhtar serving since Nov 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohammed Akhtar | England | 36 years | Nov 2021 | - | Director |
P&L
September 2022turnover
286.2k
-90%
operating profit
-665.4k
0%
gross margin
21.6%
+11.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
43.8k
-0.94%
total assets
119k
-0.92%
cash
0
0%
net assets
Total assets minus all liabilities
medcare24 ltd company details
company number
09649247
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
June 2015
age
9
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
38 shear bank road, blackburn, BB1 8AZ
last accounts submitted
September 2022
medcare24 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 found 1 charges/mortgages relating to medcare24 ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
medcare24 ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
