medina connect ltd
medina connect ltd Company Information
Company Number
10813445
Website
-Registered Address
64 castle boulevard, nottingham, NG7 1FN
Industry
Residential nursing care activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
jamil akhter 20%
shabana akhtar 20%
View Allmedina connect ltd Estimated Valuation
Pomanda estimates the enterprise value of MEDINA CONNECT LTD at £2.4m based on a Turnover of £2.7m and 0.9x industry multiple (adjusted for size and gross margin).
medina connect ltd Estimated Valuation
Pomanda estimates the enterprise value of MEDINA CONNECT LTD at £2m based on an EBITDA of £405k and a 4.83x industry multiple (adjusted for size and gross margin).
medina connect ltd Estimated Valuation
Pomanda estimates the enterprise value of MEDINA CONNECT LTD at £3.3m based on Net Assets of £1.1m and 2.92x industry multiple (adjusted for liquidity).
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Medina Connect Ltd Overview
Medina Connect Ltd is a live company located in nottingham, NG7 1FN with a Companies House number of 10813445. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in June 2017, it's largest shareholder is jamil akhter with a 20% stake. Medina Connect Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.7m with high growth in recent years.
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Medina Connect Ltd Health Check
Pomanda's financial health check has awarded Medina Connect Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£4.4m)
- Medina Connect Ltd
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5%)
- Medina Connect Ltd
5% - Industry AVG
Production
with a gross margin of 25.3%, this company has a higher cost of product (35.3%)
- Medina Connect Ltd
35.3% - Industry AVG
Profitability
an operating margin of 14.1% make it as profitable than the average company (13.4%)
- Medina Connect Ltd
13.4% - Industry AVG
Employees
with 91 employees, this is below the industry average (114)
91 - Medina Connect Ltd
114 - Industry AVG
Pay Structure
on an average salary of £21.9k, the company has an equivalent pay structure (£21.9k)
- Medina Connect Ltd
£21.9k - Industry AVG
Efficiency
resulting in sales per employee of £29.7k, this is less efficient (£39.4k)
- Medina Connect Ltd
£39.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Medina Connect Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (18 days)
- Medina Connect Ltd
18 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (0 days)
- Medina Connect Ltd
0 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 45 weeks, this is more cash available to meet short term requirements (11 weeks)
45 weeks - Medina Connect Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.7%, this is a similar level of debt than the average (57.4%)
61.7% - Medina Connect Ltd
57.4% - Industry AVG
MEDINA CONNECT LTD financials
Medina Connect Ltd's latest turnover from March 2023 is estimated at £2.7 million and the company has net assets of £1.1 million. According to their latest financial statements, Medina Connect Ltd has 91 employees and maintains cash reserves of £396.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Jun 2019 | Jun 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 | 91 | 104 | 96 | 90 | 87 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 115,271 | 140,627 | 171,575 | 206,974 | 239,467 | 291,639 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,397,071 | 0 | 0 | 303,725 | 65,936 | 0 |
| Total Fixed Assets | 2,512,342 | 140,627 | 171,575 | 510,699 | 305,403 | 291,639 |
| Stock & work in progress | 1,005 | 1,205 | 1,132 | 2,252 | 1,557 | 0 |
| Trade Debtors | 0 | 849,362 | 439,622 | 19,825 | 2,890 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 396,837 | 812,497 | 522,440 | 161,342 | 144,024 | 191,238 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 397,842 | 1,663,064 | 963,194 | 183,419 | 148,471 | 191,238 |
| total assets | 2,910,184 | 1,803,691 | 1,134,769 | 694,118 | 453,874 | 482,877 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 448,737 | 313,989 | 260,738 | 121,506 | 126,248 | 382,275 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 448,737 | 313,989 | 260,738 | 121,506 | 126,248 | 382,275 |
| 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 | 1,346,020 | 702,582 | 465,197 | 540,720 | 401,178 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,346,020 | 702,582 | 465,197 | 540,720 | 401,178 | 0 |
| total liabilities | 1,794,757 | 1,016,571 | 725,935 | 662,226 | 527,426 | 382,275 |
| net assets | 1,115,427 | 787,120 | 408,834 | 31,892 | -73,552 | 100,602 |
| total shareholders funds | 1,115,427 | 787,120 | 408,834 | 31,892 | -73,552 | 100,602 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 25,356 | 30,948 | 37,399 | 32,493 | 52,672 | 9,216 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | -200 | 73 | -1,120 | 695 | 1,557 | 0 |
| Debtors | 1,547,709 | 409,740 | 116,072 | 254,724 | 68,826 | 0 |
| Creditors | 134,748 | 53,251 | 139,232 | -4,742 | -256,027 | 382,275 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 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 | 643,438 | 237,385 | -75,523 | 139,542 | 401,178 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -415,660 | 290,057 | 361,098 | 17,318 | -47,214 | 191,238 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -415,660 | 290,057 | 361,098 | 17,318 | -47,214 | 191,238 |
medina connect ltd Credit Report and Business Information
Medina Connect Ltd Competitor Analysis
Perform a competitor analysis for medina connect ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in NG7 area or any other competitors across 12 key performance metrics.
medina connect ltd Ownership
MEDINA CONNECT LTD group structure
Medina Connect Ltd has no subsidiary companies.
Ultimate parent company
MEDINA CONNECT LTD
10813445
medina connect ltd directors
Medina Connect Ltd currently has 5 directors. The longest serving directors include Mr Jamil Akhter (Jun 2017) and Mr Sajaid Mahmood (Jun 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jamil Akhter | England | 55 years | Jun 2017 | - | Director |
| Mr Sajaid Mahmood | England | 49 years | Jun 2017 | - | Director |
| Mrs Shabana Akhtar | England | 47 years | Jun 2017 | - | Director |
| Mrs Samina Snuber | England | 44 years | Jun 2017 | - | Director |
| Mr Sagheer Akhter | England | 51 years | Jun 2017 | - | Director |
P&L
March 2023turnover
2.7m
-48%
operating profit
379.6k
0%
gross margin
25.3%
-1.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.1m
+0.42%
total assets
2.9m
+0.61%
cash
396.8k
-0.51%
net assets
Total assets minus all liabilities
Similar Companies
medina connect ltd company details
company number
10813445
Type
Private limited with Share Capital
industry
87100 - Residential nursing care activities
incorporation date
June 2017
age
7
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
64 castle boulevard, nottingham, NG7 1FN
last accounts submitted
March 2023
medina connect 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 medina connect ltd.
medina connect ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
