medinet clinical services ltd
medinet clinical services ltd Company Information
Company Number
09660952
Next Accounts
Jun 2025
Shareholders
fremja bidco
Group Structure
View All
Industry
Other human health activities
Registered Address
arthur house mere green road, second floor, sutton coldfield, west midlands, B75 5BL
Website
www.ukmedinet.commedinet clinical services ltd Estimated Valuation
Pomanda estimates the enterprise value of MEDINET CLINICAL SERVICES LTD at £57.4m based on a Turnover of £58.4m and 0.98x industry multiple (adjusted for size and gross margin).
medinet clinical services ltd Estimated Valuation
Pomanda estimates the enterprise value of MEDINET CLINICAL SERVICES LTD at £68.4m based on an EBITDA of £9m and a 7.57x industry multiple (adjusted for size and gross margin).
medinet clinical services ltd Estimated Valuation
Pomanda estimates the enterprise value of MEDINET CLINICAL SERVICES LTD at £100.3m based on Net Assets of £42.7m and 2.35x industry multiple (adjusted for liquidity).
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Medinet Clinical Services Ltd Overview
Medinet Clinical Services Ltd is a live company located in sutton coldfield, B75 5BL with a Companies House number of 09660952. It operates in the other human health activities sector, SIC Code 86900. Founded in June 2015, it's largest shareholder is fremja bidco with a 100% stake. Medinet Clinical Services Ltd is a established, large sized company, Pomanda has estimated its turnover at £58.4m with rapid growth in recent years.
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Medinet Clinical Services Ltd Health Check
Pomanda's financial health check has awarded Medinet Clinical Services Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £58.4m, make it larger than the average company (£660.2k)
£58.4m - Medinet Clinical Services Ltd
£660.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (5.9%)
47% - Medinet Clinical Services Ltd
5.9% - Industry AVG
Production
with a gross margin of 28.7%, this company has a higher cost of product (38.3%)
28.7% - Medinet Clinical Services Ltd
38.3% - Industry AVG
Profitability
an operating margin of 15.3% make it more profitable than the average company (5.7%)
15.3% - Medinet Clinical Services Ltd
5.7% - Industry AVG
Employees
with 72 employees, this is above the industry average (17)
72 - Medinet Clinical Services Ltd
17 - Industry AVG
Pay Structure
on an average salary of £49.4k, the company has a higher pay structure (£25.9k)
£49.4k - Medinet Clinical Services Ltd
£25.9k - Industry AVG
Efficiency
resulting in sales per employee of £811.3k, this is more efficient (£48.1k)
£811.3k - Medinet Clinical Services Ltd
£48.1k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (23 days)
45 days - Medinet Clinical Services Ltd
23 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (18 days)
46 days - Medinet Clinical Services Ltd
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Medinet Clinical Services Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is less cash available to meet short term requirements (111 weeks)
22 weeks - Medinet Clinical Services Ltd
111 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.8%, this is a lower level of debt than the average (26.6%)
16.8% - Medinet Clinical Services Ltd
26.6% - Industry AVG
MEDINET CLINICAL SERVICES LTD financials
Medinet Clinical Services Ltd's latest turnover from September 2023 is £58.4 million and the company has net assets of £42.7 million. According to their latest financial statements, Medinet Clinical Services Ltd has 72 employees and maintains cash reserves of £3.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 58,416,000 | 58,944,000 | 30,588,000 | 18,567,000 | 23,528,000 | 19,351,000 | 21,243,000 | 24,557,791 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 41,650,000 | 43,118,000 | 21,439,000 | 12,073,000 | 15,794,000 | 12,533,000 | 12,493,000 | 15,096,629 |
| Gross Profit | 16,766,000 | 15,826,000 | 9,149,000 | 6,494,000 | 7,734,000 | 6,818,000 | 8,750,000 | 9,461,162 |
| Admin Expenses | 7,852,000 | 4,940,000 | 4,331,000 | 2,973,000 | 3,276,000 | 2,874,000 | 2,232,000 | 5,951,196 |
| Operating Profit | 8,914,000 | 10,886,000 | 4,818,000 | 3,521,000 | 4,458,000 | 3,944,000 | 6,518,000 | 3,509,966 |
| Interest Payable | 118,000 | 65,000 | ||||||
| Interest Receivable | 31,000 | 6,000 | 6,000 | |||||
| Pre-Tax Profit | 8,827,000 | 10,821,000 | 4,818,000 | 3,521,000 | 4,458,000 | 3,950,000 | 6,524,000 | 3,509,966 |
| Tax | -1,502,000 | -1,601,000 | -509,000 | -262,000 | -366,000 | -265,000 | -738,000 | -506,407 |
| Profit After Tax | 7,325,000 | 9,220,000 | 4,309,000 | 3,259,000 | 4,092,000 | 3,685,000 | 5,786,000 | 3,003,559 |
| Dividends Paid | ||||||||
| Retained Profit | 7,325,000 | 9,220,000 | 4,309,000 | 3,259,000 | 4,092,000 | 3,685,000 | 5,786,000 | 3,003,559 |
| Employee Costs | 3,557,000 | 3,069,000 | 2,248,000 | 1,781,000 | 1,882,000 | 1,359,000 | 1,293,000 | 5,101,617 |
| Number Of Employees | 72 | 69 | 49 | 41 | 34 | 33 | 39 | 36 |
| EBITDA* | 9,031,000 | 11,010,000 | 4,911,000 | 3,659,000 | 4,552,000 | 4,025,000 | 6,575,000 | 3,572,112 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 195,000 | 265,000 | 301,000 | 276,000 | 318,000 | 209,000 | 170,000 | 158,781 |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 195,000 | 265,000 | 301,000 | 276,000 | 318,000 | 209,000 | 170,000 | 158,781 |
| Stock & work in progress | ||||||||
| Trade Debtors | 7,216,000 | 7,944,000 | 5,366,000 | 870,000 | 3,231,000 | 3,469,000 | 4,825,000 | 4,420,786 |
| Group Debtors | 38,604,000 | 31,394,000 | 22,115,000 | 16,559,000 | 14,116,000 | 8,255,000 | 3,921,000 | 433,326 |
| Misc Debtors | 1,563,000 | 461,000 | 159,000 | 88,000 | 78,000 | 76,000 | 160,000 | 197,828 |
| Cash | 3,761,000 | 2,730,000 | 4,725,000 | 5,868,000 | 3,932,000 | 4,662,000 | 3,813,000 | 2,338,154 |
| misc current assets | ||||||||
| total current assets | 51,144,000 | 42,529,000 | 32,365,000 | 23,385,000 | 21,357,000 | 16,462,000 | 12,719,000 | 7,390,094 |
| total assets | 51,339,000 | 42,794,000 | 32,666,000 | 23,661,000 | 21,675,000 | 16,671,000 | 12,889,000 | 7,548,875 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 5,314,000 | 4,956,000 | 3,646,000 | 735,000 | 1,857,000 | 1,044,000 | 1,008,000 | 1,302,561 |
| Group/Directors Accounts | 369,000 | |||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 2,953,000 | 2,454,000 | 2,834,000 | 1,033,000 | 1,184,000 | 1,104,000 | 1,050,000 | 1,204,395 |
| total current liabilities | 8,636,000 | 7,410,000 | 6,480,000 | 1,768,000 | 3,041,000 | 2,148,000 | 2,058,000 | 2,506,956 |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 6,000 | 28,000 | 44,000 | 44,000 | 25,000 | 18,000 | 15,331 | |
| total long term liabilities | 6,000 | 28,000 | 44,000 | 44,000 | 25,000 | 18,000 | 15,331 | |
| total liabilities | 8,636,000 | 7,416,000 | 6,508,000 | 1,812,000 | 3,085,000 | 2,173,000 | 2,076,000 | 2,522,287 |
| net assets | 42,703,000 | 35,378,000 | 26,158,000 | 21,849,000 | 18,590,000 | 14,498,000 | 10,813,000 | 5,026,588 |
| total shareholders funds | 42,703,000 | 35,378,000 | 26,158,000 | 21,849,000 | 18,590,000 | 14,498,000 | 10,813,000 | 5,026,588 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 8,914,000 | 10,886,000 | 4,818,000 | 3,521,000 | 4,458,000 | 3,944,000 | 6,518,000 | 3,509,966 |
| Depreciation | 117,000 | 124,000 | 93,000 | 138,000 | 94,000 | 81,000 | 57,000 | 53,146 |
| Amortisation | 9,000 | |||||||
| Tax | -1,502,000 | -1,601,000 | -509,000 | -262,000 | -366,000 | -265,000 | -738,000 | -506,407 |
| Stock | ||||||||
| Debtors | 7,584,000 | 12,159,000 | 10,123,000 | 92,000 | 5,625,000 | 2,894,000 | 3,854,060 | 5,051,940 |
| Creditors | 358,000 | 1,310,000 | 2,911,000 | -1,122,000 | 813,000 | 36,000 | -294,561 | 1,302,561 |
| Accruals and Deferred Income | 499,000 | -380,000 | 1,801,000 | -151,000 | 80,000 | 54,000 | -154,395 | 1,204,395 |
| Deferred Taxes & Provisions | -6,000 | -22,000 | -16,000 | 19,000 | 7,000 | 2,669 | 15,331 | |
| Cash flow from operations | 796,000 | -1,842,000 | -1,025,000 | 2,032,000 | -527,000 | 963,000 | 1,536,653 | 536,052 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 369,000 | |||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -87,000 | -65,000 | 6,000 | 6,000 | ||||
| cash flow from financing | 282,000 | -65,000 | 6,000 | 6,412 | 2,023,029 | |||
| cash and cash equivalents | ||||||||
| cash | 1,031,000 | -1,995,000 | -1,143,000 | 1,936,000 | -730,000 | 849,000 | 1,474,846 | 2,338,154 |
| overdraft | ||||||||
| change in cash | 1,031,000 | -1,995,000 | -1,143,000 | 1,936,000 | -730,000 | 849,000 | 1,474,846 | 2,338,154 |
medinet clinical services ltd Credit Report and Business Information
Medinet Clinical Services Ltd Competitor Analysis
Perform a competitor analysis for medinet clinical services ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in B75 area or any other competitors across 12 key performance metrics.
medinet clinical services ltd Ownership
MEDINET CLINICAL SERVICES LTD group structure
Medinet Clinical Services Ltd has 1 subsidiary company.
Ultimate parent company
FREMJA SARL
#0151678
2 parents
MEDINET CLINICAL SERVICES LTD
09660952
1 subsidiary
medinet clinical services ltd directors
Medinet Clinical Services Ltd currently has 3 directors. The longest serving directors include Mr Timothy Flanagan (Jan 2022) and Mr Christopher Carney (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Flanagan | England | 57 years | Jan 2022 | - | Director |
| Mr Christopher Carney | England | 41 years | May 2023 | - | Director |
| Mr Anthony Zarmakoupis | England | 48 years | Jan 2025 | - | Director |
P&L
September 2023turnover
58.4m
-1%
operating profit
8.9m
-18%
gross margin
28.8%
+6.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
42.7m
+0.21%
total assets
51.3m
+0.2%
cash
3.8m
+0.38%
net assets
Total assets minus all liabilities
medinet clinical services ltd company details
company number
09660952
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
June 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
arthur house mere green road, second floor, sutton coldfield, west midlands, B75 5BL
Bank
-
Legal Advisor
-
medinet clinical services 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 6 charges/mortgages relating to medinet clinical services ltd. Currently there are 2 open charges and 4 have been satisfied in the past.
medinet clinical services ltd 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 MEDINET CLINICAL SERVICES LTD. This can take several minutes, an email will notify you when this has completed.
medinet clinical services ltd Companies House Filings - See Documents
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