polaris medical services limited
polaris medical services limited Company Information
Company Number
09929823
Next Accounts
526 days late
Shareholders
mark sweeney
norman henderson
View AllGroup Structure
View All
Industry
Other human health activities
Registered Address
c/o knoll advisory ltd, the chancery, manchester, M2 1EW
Website
www.polarismedical.co.ukpolaris medical services limited Estimated Valuation
Pomanda estimates the enterprise value of POLARIS MEDICAL SERVICES LIMITED at £16.2m based on a Turnover of £21.4m and 0.76x industry multiple (adjusted for size and gross margin).
polaris medical services limited Estimated Valuation
Pomanda estimates the enterprise value of POLARIS MEDICAL SERVICES LIMITED at £6.6m based on an EBITDA of £1.2m and a 5.6x industry multiple (adjusted for size and gross margin).
polaris medical services limited Estimated Valuation
Pomanda estimates the enterprise value of POLARIS MEDICAL SERVICES LIMITED at £4.3m based on Net Assets of £1.8m and 2.46x industry multiple (adjusted for liquidity).
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Polaris Medical Services Limited Overview
Polaris Medical Services Limited is a live company located in manchester, M2 1EW with a Companies House number of 09929823. It operates in the other human health activities sector, SIC Code 86900. Founded in December 2015, it's largest shareholder is mark sweeney with a 30% stake. Polaris Medical Services Limited is a established, large sized company, Pomanda has estimated its turnover at £21.4m with rapid growth in recent years.
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Polaris Medical Services Limited Health Check
Pomanda's financial health check has awarded Polaris Medical Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £21.4m, make it larger than the average company (£860.2k)
- Polaris Medical Services Limited
£860.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 85%, show it is growing at a faster rate (3.7%)
- Polaris Medical Services Limited
3.7% - Industry AVG
Production
with a gross margin of 33.2%, this company has a comparable cost of product (33.2%)
- Polaris Medical Services Limited
33.2% - Industry AVG
Profitability
an operating margin of 4.8% make it less profitable than the average company (7.7%)
- Polaris Medical Services Limited
7.7% - Industry AVG
Employees
with 75 employees, this is above the industry average (20)
75 - Polaris Medical Services Limited
20 - Industry AVG
Pay Structure
on an average salary of £24.4k, the company has an equivalent pay structure (£24.4k)
- Polaris Medical Services Limited
£24.4k - Industry AVG
Efficiency
resulting in sales per employee of £285.3k, this is more efficient (£46.1k)
- Polaris Medical Services Limited
£46.1k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (20 days)
- Polaris Medical Services Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is slower than average (16 days)
- Polaris Medical Services Limited
16 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is more than average (16 days)
- Polaris Medical Services Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (110 weeks)
5 weeks - Polaris Medical Services Limited
110 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.3%, this is a higher level of debt than the average (27.4%)
73.3% - Polaris Medical Services Limited
27.4% - Industry AVG
POLARIS MEDICAL SERVICES LIMITED financials
Polaris Medical Services Limited's latest turnover from December 2021 is estimated at £21.4 million and the company has net assets of £1.8 million. According to their latest financial statements, Polaris Medical Services Limited has 75 employees and maintains cash reserves of £490.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|
| 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 | 75 | 52 | 30 | 20 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,194,794 | 833,155 | 376,093 | 414,575 | 201,382 | 84,344 |
| Intangible Assets | 135,000 | 142,500 | 150,000 | 10,000 | ||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 1,194,794 | 833,155 | 511,093 | 557,075 | 351,382 | 94,344 |
| Stock & work in progress | 1,515,000 | 793,842 | 285,620 | 193,104 | 129,414 | |
| Trade Debtors | 3,263,708 | 848,350 | 732,713 | 512,727 | 349,202 | 94,367 |
| Group Debtors | ||||||
| Misc Debtors | 137,478 | 382,346 | 257,755 | 162,382 | 30,302 | 13,541 |
| Cash | 490,698 | 407,836 | 91,384 | 48,559 | 68,797 | 20,668 |
| misc current assets | ||||||
| total current assets | 5,406,884 | 2,432,374 | 1,367,472 | 916,772 | 577,715 | 128,576 |
| total assets | 6,601,678 | 3,265,529 | 1,878,565 | 1,473,847 | 929,097 | 222,920 |
| Bank overdraft | 125,000 | 460,046 | 239,579 | 43,263 | ||
| Bank loan | 52,083 | |||||
| Trade Creditors | 911,926 | 428,940 | 282,080 | 201,483 | 66,867 | 1 |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | 449,114 | |||||
| other current liabilities | 3,145,214 | 1,205,468 | 940,564 | 387,107 | 489,317 | 158,273 |
| total current liabilities | 4,631,254 | 1,686,491 | 1,222,644 | 1,048,636 | 795,763 | 201,537 |
| loans | 72,917 | 197,917 | ||||
| hp & lease commitments | 19,464 | |||||
| Accruals and Deferred Income | ||||||
| other liabilities | 317,264 | 190,965 | 262,216 | |||
| provisions | 115,931 | 115,931 | 148 | |||
| total long term liabilities | 208,312 | 631,112 | 190,965 | 262,364 | ||
| total liabilities | 4,839,566 | 2,317,603 | 1,413,609 | 1,311,000 | 795,763 | 201,537 |
| net assets | 1,762,112 | 947,926 | 464,956 | 162,847 | 133,334 | 21,383 |
| total shareholders funds | 1,762,112 | 947,926 | 464,956 | 162,847 | 133,334 | 21,383 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 161,868 | 141,895 | 206,541 | 135,307 | 63,733 | 24,628 |
| Amortisation | 7,500 | 7,500 | ||||
| Tax | ||||||
| Stock | 721,158 | 508,222 | 92,516 | 63,690 | 129,414 | |
| Debtors | 2,170,490 | 240,228 | 315,359 | 295,605 | 271,596 | 107,908 |
| Creditors | 482,986 | 146,860 | 80,597 | 134,616 | 66,866 | 1 |
| Accruals and Deferred Income | 1,939,746 | 264,904 | 553,457 | -102,210 | 331,044 | 158,273 |
| Deferred Taxes & Provisions | 115,931 | -148 | 148 | |||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | -52,083 | 52,083 | ||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | -125,000 | 197,917 | ||||
| Hire Purchase and Lease Commitments | 468,578 | |||||
| other long term liabilities | -317,264 | 126,299 | -71,251 | 262,216 | ||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 82,862 | 316,452 | 42,825 | -20,238 | 48,129 | 20,668 |
| overdraft | 125,000 | -460,046 | 220,467 | 196,316 | 43,263 | |
| change in cash | -42,138 | 316,452 | 502,871 | -240,705 | -148,187 | -22,595 |
polaris medical services limited Credit Report and Business Information
Polaris Medical Services Limited Competitor Analysis
Perform a competitor analysis for polaris medical services limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in M 2 area or any other competitors across 12 key performance metrics.
polaris medical services limited Ownership
POLARIS MEDICAL SERVICES LIMITED group structure
Polaris Medical Services Limited has no subsidiary companies.
Ultimate parent company
POLARIS MEDICAL SERVICES LIMITED
09929823
polaris medical services limited directors
Polaris Medical Services Limited currently has 3 directors. The longest serving directors include Mr Norman Henderson (Dec 2015) and Mr Lee Major (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Norman Henderson | United Kingdom | 59 years | Dec 2015 | - | Director |
| Mr Lee Major | 45 years | Apr 2017 | - | Director | |
| Mr Graham Edgington | England | 68 years | Nov 2018 | - | Director |
P&L
December 2021turnover
21.4m
+199%
operating profit
1m
0%
gross margin
33.2%
-0.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
1.8m
+0.86%
total assets
6.6m
+1.02%
cash
490.7k
+0.2%
net assets
Total assets minus all liabilities
Similar Companies
polaris medical services limited company details
company number
09929823
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
December 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
-
address
c/o knoll advisory ltd, the chancery, manchester, M2 1EW
Bank
-
Legal Advisor
-
polaris medical services 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 5 charges/mortgages relating to polaris medical services limited. Currently there are 4 open charges and 1 have been satisfied in the past.
polaris medical services 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.
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polaris medical services limited Companies House Filings - See Documents
| date | description | view/download |
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