practical patient safety solutions limited
practical patient safety solutions limited Company Information
Company Number
10788369
Website
ppssol.comRegistered Address
seebeck house 1 seebeck place, knowlhill, milton keynes, buckinghamshire, MK5 8FR
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
448001931912
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
timothy peter christian kane 33.3%
peter stevenson 30.7%
View Allpractical patient safety solutions limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICAL PATIENT SAFETY SOLUTIONS LIMITED at £84.5k based on a Turnover of £170.4k and 0.5x industry multiple (adjusted for size and gross margin).
practical patient safety solutions limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICAL PATIENT SAFETY SOLUTIONS LIMITED at £40.8k based on an EBITDA of £10.1k and a 4.04x industry multiple (adjusted for size and gross margin).
practical patient safety solutions limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICAL PATIENT SAFETY SOLUTIONS LIMITED at £121.6k based on Net Assets of £53.6k and 2.27x industry multiple (adjusted for liquidity).
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Practical Patient Safety Solutions Limited Overview
Practical Patient Safety Solutions Limited is a live company located in milton keynes, MK5 8FR with a Companies House number of 10788369. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in May 2017, it's largest shareholder is timothy peter christian kane with a 33.3% stake. Practical Patient Safety Solutions Limited is a young, micro sized company, Pomanda has estimated its turnover at £170.4k with declining growth in recent years.
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Practical Patient Safety Solutions Limited Health Check
Pomanda's financial health check has awarded Practical Patient Safety Solutions Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £170.4k, make it smaller than the average company (£1.8m)
- Practical Patient Safety Solutions Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (5.9%)
- Practical Patient Safety Solutions Limited
5.9% - Industry AVG
Production
with a gross margin of 44.9%, this company has a comparable cost of product (44.9%)
- Practical Patient Safety Solutions Limited
44.9% - Industry AVG
Profitability
an operating margin of 5.9% make it as profitable than the average company (6.1%)
- Practical Patient Safety Solutions Limited
6.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (16)
3 - Practical Patient Safety Solutions Limited
16 - Industry AVG
Pay Structure
on an average salary of £49.5k, the company has an equivalent pay structure (£49.5k)
- Practical Patient Safety Solutions Limited
£49.5k - Industry AVG
Efficiency
resulting in sales per employee of £56.8k, this is less efficient (£117.8k)
- Practical Patient Safety Solutions Limited
£117.8k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (56 days)
- Practical Patient Safety Solutions Limited
56 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Practical Patient Safety Solutions Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Practical Patient Safety Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 188 weeks, this is more cash available to meet short term requirements (28 weeks)
188 weeks - Practical Patient Safety Solutions Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.6%, this is a lower level of debt than the average (52.7%)
24.6% - Practical Patient Safety Solutions Limited
52.7% - Industry AVG
PRACTICAL PATIENT SAFETY SOLUTIONS LIMITED financials
Practical Patient Safety Solutions Limited's latest turnover from May 2023 is estimated at £170.4 thousand and the company has net assets of £53.6 thousand. According to their latest financial statements, Practical Patient Safety Solutions Limited has 3 employees and maintains cash reserves of £63.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 83 | 172 | 638 | 753 | 200 | 400 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 83 | 172 | 638 | 753 | 200 | 400 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,750 | 17,500 | 500 | 14,000 | 0 | 21,200 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 35 | 32 | 56 | 120 | 67 | 10,350 |
| Cash | 63,285 | 40,914 | 53,725 | 52,522 | 60,461 | 28,134 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 71,070 | 58,446 | 54,281 | 66,642 | 60,528 | 59,684 |
| total assets | 71,153 | 58,618 | 54,919 | 67,395 | 60,728 | 60,084 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 236 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 17,500 | 14,218 | 12,878 | 16,297 | 17,445 | 25,482 |
| total current liabilities | 17,500 | 14,218 | 12,878 | 16,297 | 17,681 | 25,482 |
| 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 | 21 | 33 | 121 | 143 | 0 | 0 |
| total long term liabilities | 21 | 33 | 121 | 143 | 0 | 0 |
| total liabilities | 17,521 | 14,251 | 12,999 | 16,440 | 17,681 | 25,482 |
| net assets | 53,632 | 44,367 | 41,920 | 50,955 | 43,047 | 34,602 |
| total shareholders funds | 53,632 | 44,367 | 41,920 | 50,955 | 43,047 | 34,602 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 89 | 466 | 383 | 576 | 200 | 200 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -9,747 | 16,976 | -13,564 | 14,053 | -31,483 | 31,550 |
| Creditors | 0 | 0 | 0 | -236 | 236 | 0 |
| Accruals and Deferred Income | 3,282 | 1,340 | -3,419 | -1,148 | -8,037 | 25,482 |
| Deferred Taxes & Provisions | -12 | -88 | -22 | 143 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 22,371 | -12,811 | 1,203 | -7,939 | 32,327 | 28,134 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 22,371 | -12,811 | 1,203 | -7,939 | 32,327 | 28,134 |
practical patient safety solutions limited Credit Report and Business Information
Practical Patient Safety Solutions Limited Competitor Analysis
Perform a competitor analysis for practical patient safety solutions limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in MK5 area or any other competitors across 12 key performance metrics.
practical patient safety solutions limited Ownership
PRACTICAL PATIENT SAFETY SOLUTIONS LIMITED group structure
Practical Patient Safety Solutions Limited has no subsidiary companies.
Ultimate parent company
PRACTICAL PATIENT SAFETY SOLUTIONS LIMITED
10788369
practical patient safety solutions limited directors
Practical Patient Safety Solutions Limited currently has 3 directors. The longest serving directors include Mr John Reynard (May 2017) and Mr Peter Stevenson (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Reynard | United Kingdom | 61 years | May 2017 | - | Director |
| Mr Peter Stevenson | United Kingdom | 68 years | May 2017 | - | Director |
| Mr Timothy Kane | United Kingdom | 52 years | May 2017 | - | Director |
P&L
May 2023turnover
170.4k
-13%
operating profit
10k
0%
gross margin
44.9%
+0.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
53.6k
+0.21%
total assets
71.2k
+0.21%
cash
63.3k
+0.55%
net assets
Total assets minus all liabilities
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practical patient safety solutions limited company details
company number
10788369
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
May 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
GIBSON WHITTER
auditor
-
address
seebeck house 1 seebeck place, knowlhill, milton keynes, buckinghamshire, MK5 8FR
Bank
-
Legal Advisor
-
practical patient safety solutions 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 did not find charges/mortgages relating to practical patient safety solutions limited.
practical patient safety solutions limited Companies House Filings - See Documents
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