seth medical ltd
seth medical ltd Company Information
Company Number
09710011
Next Accounts
Apr 2025
Directors
Shareholders
riyaz su leman patel
saaleha dadabhai
Group Structure
View All
Industry
Specialist medical practice activities
Registered Address
107 balfour road, ilford, essex, IG1 4HS
Website
www.syqemedical.comseth medical ltd Estimated Valuation
Pomanda estimates the enterprise value of SETH MEDICAL LTD at £38.4k based on a Turnover of £74.2k and 0.52x industry multiple (adjusted for size and gross margin).
seth medical ltd Estimated Valuation
Pomanda estimates the enterprise value of SETH MEDICAL LTD at £205.4k based on an EBITDA of £58k and a 3.54x industry multiple (adjusted for size and gross margin).
seth medical ltd Estimated Valuation
Pomanda estimates the enterprise value of SETH MEDICAL LTD at £179.4k based on Net Assets of £80k and 2.24x industry multiple (adjusted for liquidity).
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Seth Medical Ltd Overview
Seth Medical Ltd is a live company located in essex, IG1 4HS with a Companies House number of 09710011. It operates in the specialists medical practice activities sector, SIC Code 86220. Founded in July 2015, it's largest shareholder is riyaz su leman patel with a 76.9% stake. Seth Medical Ltd is a established, micro sized company, Pomanda has estimated its turnover at £74.2k with rapid growth in recent years.
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Seth Medical Ltd Health Check
Pomanda's financial health check has awarded Seth Medical Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
3 Weak
Size
annual sales of £74.2k, make it smaller than the average company (£376.1k)
- Seth Medical Ltd
£376.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 72%, show it is growing at a faster rate (5.1%)
- Seth Medical Ltd
5.1% - Industry AVG
Production
with a gross margin of 55.4%, this company has a comparable cost of product (55.4%)
- Seth Medical Ltd
55.4% - Industry AVG
Profitability
an operating margin of 66.3% make it more profitable than the average company (14.9%)
- Seth Medical Ltd
14.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (8)
1 - Seth Medical Ltd
8 - Industry AVG
Pay Structure
on an average salary of £29.8k, the company has an equivalent pay structure (£29.8k)
- Seth Medical Ltd
£29.8k - Industry AVG
Efficiency
resulting in sales per employee of £74.2k, this is equally as efficient (£74.2k)
- Seth Medical Ltd
£74.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Seth Medical Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Seth Medical Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Seth Medical Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 65 weeks, this is less cash available to meet short term requirements (86 weeks)
65 weeks - Seth Medical Ltd
86 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.8%, this is a similar level of debt than the average (30.7%)
29.8% - Seth Medical Ltd
30.7% - Industry AVG
SETH MEDICAL LTD financials
Seth Medical Ltd's latest turnover from July 2023 is estimated at £74.2 thousand and the company has net assets of £80 thousand. According to their latest financial statements, Seth Medical Ltd has 1 employee and maintains cash reserves of £34.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 14,499 | 6,565 | 7,819 | 8,365 | ||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | 7,587 | 3,178 | 5,074 | 6,096 | ||||
| Tax | -1,441 | -604 | -964 | -1,198 | ||||
| Profit After Tax | 6,146 | 2,574 | 4,110 | 4,898 | ||||
| Dividends Paid | ||||||||
| Retained Profit | 6,146 | 2,574 | 4,110 | 4,898 | ||||
| Employee Costs | ||||||||
| Number Of Employees | 1 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 35,367 | |||||||
| Intangible Assets | ||||||||
| Investments & Other | 44,297 | 1 | 1 | |||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 79,664 | 1 | 1 | |||||
| Stock & work in progress | ||||||||
| Trade Debtors | 730 | 14,127 | 7,292 | 4,110 | 6,096 | 1,888 | ||
| Group Debtors | ||||||||
| Misc Debtors | 150 | 150 | ||||||
| Cash | 34,330 | 62,432 | 28,826 | |||||
| misc current assets | ||||||||
| total current assets | 34,330 | 62,432 | 29,706 | 14,277 | 7,292 | 4,110 | 6,096 | 1,888 |
| total assets | 113,994 | 62,432 | 29,706 | 14,278 | 7,293 | 4,110 | 6,096 | 1,888 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 1,441 | 604 | ||||||
| Group/Directors Accounts | ||||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 27,242 | 21,089 | 7,200 | |||||
| total current liabilities | 27,242 | 21,089 | 7,200 | 1,441 | 604 | |||
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 6,720 | 1,198 | ||||||
| total long term liabilities | 6,720 | 1,198 | ||||||
| total liabilities | 33,962 | 21,089 | 7,200 | 1,441 | 604 | 1,198 | ||
| net assets | 80,032 | 41,343 | 22,506 | 12,837 | 6,689 | 4,110 | 4,898 | 1,888 |
| total shareholders funds | 80,032 | 41,343 | 22,506 | 12,837 | 6,689 | 4,110 | 4,898 | 1,888 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 8,842 | |||||||
| Amortisation | ||||||||
| Tax | -1,441 | -604 | -964 | -1,198 | ||||
| Stock | ||||||||
| Debtors | -880 | -13,397 | 6,985 | 3,182 | -1,986 | 4,208 | 1,888 | |
| Creditors | -1,441 | 837 | 604 | |||||
| Accruals and Deferred Income | 6,153 | 13,889 | 7,200 | |||||
| Deferred Taxes & Provisions | 6,720 | -1,198 | 1,198 | |||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 44,297 | -1 | 1 | |||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | 2 | 5 | -4,898 | -1,888 | ||||
| cash and cash equivalents | ||||||||
| cash | -28,102 | 33,606 | 28,826 | |||||
| overdraft | ||||||||
| change in cash | -28,102 | 33,606 | 28,826 |
seth medical ltd Credit Report and Business Information
Seth Medical Ltd Competitor Analysis
Perform a competitor analysis for seth medical ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in IG1 area or any other competitors across 12 key performance metrics.
seth medical ltd Ownership
SETH MEDICAL LTD group structure
Seth Medical Ltd has no subsidiary companies.
Ultimate parent company
SETH MEDICAL LTD
09710011
seth medical ltd directors
Seth Medical Ltd currently has 1 director, Mr Riyaz Patel serving since Jul 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Riyaz Patel | England | 47 years | Jul 2015 | - | Director |
P&L
July 2023turnover
74.2k
+5%
operating profit
49.2k
0%
gross margin
55.4%
-7.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
80k
+0.94%
total assets
114k
+0.83%
cash
34.3k
-0.45%
net assets
Total assets minus all liabilities
seth medical ltd company details
company number
09710011
Type
Private limited with Share Capital
industry
86220 - Specialist medical practice activities
incorporation date
July 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
BBK PARTNERSHIP
auditor
-
address
107 balfour road, ilford, essex, IG1 4HS
Bank
-
Legal Advisor
-
seth medical 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 did not find charges/mortgages relating to seth medical ltd.
seth medical 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.
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seth medical ltd Companies House Filings - See Documents
| date | description | view/download |
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