whittington pharmacy cic
whittington pharmacy cic Company Information
Company Number
10593765
Next Accounts
1 days late
Industry
Hospital activities
Shareholders
whittington health ns trust
Group Structure
View All
Contact
Registered Address
whittington pharmacy, high gate hill, london, N19 5NF
whittington pharmacy cic Estimated Valuation
Pomanda estimates the enterprise value of WHITTINGTON PHARMACY CIC at £1.5m based on a Turnover of £3.2m and 0.46x industry multiple (adjusted for size and gross margin).
whittington pharmacy cic Estimated Valuation
Pomanda estimates the enterprise value of WHITTINGTON PHARMACY CIC at £145.5k based on an EBITDA of £43.2k and a 3.37x industry multiple (adjusted for size and gross margin).
whittington pharmacy cic Estimated Valuation
Pomanda estimates the enterprise value of WHITTINGTON PHARMACY CIC at £336.7k based on Net Assets of £116.5k and 2.89x industry multiple (adjusted for liquidity).
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Whittington Pharmacy Cic Overview
Whittington Pharmacy Cic is a live company located in london, N19 5NF with a Companies House number of 10593765. It operates in the hospital activities sector, SIC Code 86101. Founded in January 2017, it's largest shareholder is whittington health ns trust with a 100% stake. Whittington Pharmacy Cic is a young, small sized company, Pomanda has estimated its turnover at £3.2m with declining growth in recent years.
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Whittington Pharmacy Cic Health Check
Pomanda's financial health check has awarded Whittington Pharmacy Cic a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
9 Weak
Size
annual sales of £3.2m, make it smaller than the average company (£4.7m)
£3.2m - Whittington Pharmacy Cic
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.3%)
-2% - Whittington Pharmacy Cic
6.3% - Industry AVG
Production
with a gross margin of 18.3%, this company has a higher cost of product (33.6%)
18.3% - Whittington Pharmacy Cic
33.6% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (8.2%)
0.8% - Whittington Pharmacy Cic
8.2% - Industry AVG
Employees
with 9 employees, this is below the industry average (67)
9 - Whittington Pharmacy Cic
67 - Industry AVG
Pay Structure
on an average salary of £31.4k, the company has an equivalent pay structure (£31.4k)
- Whittington Pharmacy Cic
£31.4k - Industry AVG
Efficiency
resulting in sales per employee of £355.7k, this is more efficient (£71.4k)
£355.7k - Whittington Pharmacy Cic
£71.4k - Industry AVG
Debtor Days
it gets paid by customers after 115 days, this is later than average (23 days)
115 days - Whittington Pharmacy Cic
23 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is close to average (32 days)
33 days - Whittington Pharmacy Cic
32 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is more than average (14 days)
38 days - Whittington Pharmacy Cic
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (42 weeks)
8 weeks - Whittington Pharmacy Cic
42 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.1%, this is a higher level of debt than the average (44.4%)
94.1% - Whittington Pharmacy Cic
44.4% - Industry AVG
WHITTINGTON PHARMACY CIC financials
Whittington Pharmacy Cic's latest turnover from March 2023 is £3.2 million and the company has net assets of £116.5 thousand. According to their latest financial statements, Whittington Pharmacy Cic has 9 employees and maintains cash reserves of £289.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 3,201,332 | 3,873,972 | 3,448,668 | 3,412,249 | 3,456,435 | 1,981,412 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,615,698 | 3,339,848 | 2,957,789 | 2,910,890 | 2,999,225 | 1,664,892 |
| Gross Profit | 585,634 | 534,124 | 490,879 | 501,359 | 457,210 | 316,520 |
| Admin Expenses | 558,601 | 498,419 | 476,172 | 458,272 | 436,896 | 286,647 |
| Operating Profit | 27,033 | 35,705 | 14,707 | 43,087 | 20,314 | 29,873 |
| Interest Payable | 0 | 0 | 0 | 51 | 10,980 | 17,354 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 27,033 | 35,705 | 14,707 | 43,036 | 9,334 | 12,519 |
| Tax | -6,253 | -9,671 | -6,432 | -3,442 | 0 | 0 |
| Profit After Tax | 20,780 | 26,034 | 8,275 | 39,594 | 9,334 | 12,519 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 20,780 | 26,034 | 8,275 | 39,594 | 9,334 | 12,519 |
| Employee Costs | 286,332 | 135,062 | ||||
| Number Of Employees | 9 | 9 | 9 | 11 | 9 | 5 |
| EBITDA* | 43,226 | 63,614 | 44,163 | 82,067 | 45,696 | 44,612 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,990 | 8,870 | 25,445 | 44,588 | 63,730 | 82,873 |
| Intangible Assets | 12,892 | 23,205 | 33,518 | 43,831 | 2,184 | 5,304 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 15,882 | 32,075 | 58,963 | 88,419 | 65,914 | 88,177 |
| Stock & work in progress | 276,157 | 156,370 | 190,766 | 183,405 | 247,748 | 245,562 |
| Trade Debtors | 1,014,946 | 740,474 | 231,763 | 652,721 | 0 | 1,523,649 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 378,562 | 121,040 | 167,756 | 160,405 | 171,421 | 630,676 |
| Cash | 289,237 | 141,951 | 63,656 | 36,790 | 8,926 | 204,382 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,958,902 | 1,159,835 | 653,941 | 1,033,321 | 428,095 | 2,604,269 |
| total assets | 1,974,784 | 1,191,910 | 712,904 | 1,121,740 | 494,009 | 2,692,446 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 239,961 | 446,087 | 186,166 | 220,492 | 245,760 | 150,180 |
| Group/Directors Accounts | 1,524,432 | 579,604 | 0 | 0 | 72,518 | 2,364,568 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 93,856 | 70,463 | 457,015 | 839,800 | 153,877 | 165,178 |
| total current liabilities | 1,858,249 | 1,096,154 | 643,181 | 1,060,292 | 472,155 | 2,679,926 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,858,249 | 1,096,154 | 643,181 | 1,060,292 | 472,155 | 2,679,926 |
| net assets | 116,535 | 95,756 | 69,723 | 61,448 | 21,854 | 12,520 |
| total shareholders funds | 116,535 | 95,756 | 69,723 | 61,448 | 21,854 | 12,520 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 27,033 | 35,705 | 14,707 | 43,087 | 20,314 | 29,873 |
| Depreciation | 5,880 | 17,596 | 19,143 | 29,061 | 22,262 | 13,803 |
| Amortisation | 10,313 | 10,313 | 10,313 | 9,919 | 3,120 | 936 |
| Tax | -6,253 | -9,671 | -6,432 | -3,442 | 0 | 0 |
| Stock | 119,787 | -34,396 | 7,361 | -64,343 | 2,186 | 245,562 |
| Debtors | 531,994 | 461,995 | -413,607 | 641,705 | -1,982,904 | 2,154,325 |
| Creditors | -206,126 | 259,921 | -34,326 | -25,268 | 95,580 | 150,180 |
| Accruals and Deferred Income | 23,393 | -386,552 | -382,785 | 685,923 | -11,301 | 165,178 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -797,541 | -500,287 | 26,866 | 161,918 | 2,110,693 | -2,039,917 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | -102,916 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -102,916 | |||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 944,828 | 579,604 | 0 | -72,518 | -2,292,050 | 2,364,568 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | 0 | 0 | 0 | -51 | -10,980 | -17,354 |
| cash flow from financing | 944,827 | 579,603 | 0 | -72,569 | -2,303,030 | 2,347,215 |
| cash and cash equivalents | ||||||
| cash | 147,286 | 78,295 | 26,866 | 27,864 | -195,456 | 204,382 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 147,286 | 78,295 | 26,866 | 27,864 | -195,456 | 204,382 |
whittington pharmacy cic Credit Report and Business Information
Whittington Pharmacy Cic Competitor Analysis
Perform a competitor analysis for whittington pharmacy cic by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in N19 area or any other competitors across 12 key performance metrics.
whittington pharmacy cic Ownership
WHITTINGTON PHARMACY CIC group structure
Whittington Pharmacy Cic has no subsidiary companies.
Ultimate parent company
WHITTINGTON PHARMACY CIC
10593765
whittington pharmacy cic directors
Whittington Pharmacy Cic currently has 5 directors. The longest serving directors include Dr Helen Taylor (Jan 2017) and Mr Stuart Richardson (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Helen Taylor | 59 years | Jan 2017 | - | Director | |
| Mr Stuart Richardson | 47 years | May 2017 | - | Director | |
| Ms Delaram Salehifard | England | 32 years | Jul 2022 | - | Director |
| Mr Jonathan Gardner | England | 49 years | Oct 2022 | - | Director |
| Mr Terry Whittle | England | 41 years | Apr 2024 | - | Director |
P&L
March 2023turnover
3.2m
-17%
operating profit
27k
-24%
gross margin
18.3%
+32.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
116.5k
+0.22%
total assets
2m
+0.66%
cash
289.2k
+1.04%
net assets
Total assets minus all liabilities
whittington pharmacy cic company details
company number
10593765
Type
Private limited with Share Capital
industry
86101 - Hospital activities
incorporation date
January 2017
age
7
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
CARTWRIGHTS
address
whittington pharmacy, high gate hill, london, N19 5NF
Bank
-
Legal Advisor
-
whittington pharmacy cic 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 whittington pharmacy cic.
whittington pharmacy cic 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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whittington pharmacy cic Companies House Filings - See Documents
| date | description | view/download |
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