medneo uk limited
medneo uk limited Company Information
Company Number
11673581
Next Accounts
Sep 2025
Shareholders
morley uk bidco limited
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
+1Registered Address
155-157 great portland street, london, W1W 6QP
Website
medneo.co.ukmedneo uk limited Estimated Valuation
Pomanda estimates the enterprise value of MEDNEO UK LIMITED at £28.1m based on a Turnover of £19.1m and 1.47x industry multiple (adjusted for size and gross margin).
medneo uk limited Estimated Valuation
Pomanda estimates the enterprise value of MEDNEO UK LIMITED at £29.2m based on an EBITDA of £3.8m and a 7.74x industry multiple (adjusted for size and gross margin).
medneo uk limited Estimated Valuation
Pomanda estimates the enterprise value of MEDNEO UK LIMITED at £22m based on Net Assets of £12.6m and 1.74x industry multiple (adjusted for liquidity).
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Medneo Uk Limited Overview
Medneo Uk Limited is a live company located in london, W1W 6QP with a Companies House number of 11673581. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in November 2018, it's largest shareholder is morley uk bidco limited with a 100% stake. Medneo Uk Limited is a young, mid sized company, Pomanda has estimated its turnover at £19.1m with rapid growth in recent years.
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Medneo Uk Limited Health Check
Pomanda's financial health check has awarded Medneo Uk Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £19.1m, make it in line with the average company (£19.6m)
£19.1m - Medneo Uk Limited
£19.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 288%, show it is growing at a faster rate (9%)
- Medneo Uk Limited
9% - Industry AVG
Production
with a gross margin of 50.9%, this company has a lower cost of product (35%)
50.9% - Medneo Uk Limited
35% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (5.2%)
2.6% - Medneo Uk Limited
5.2% - Industry AVG
Employees
with 152 employees, this is above the industry average (107)
152 - Medneo Uk Limited
107 - Industry AVG
Pay Structure
on an average salary of £64.4k, the company has a higher pay structure (£47.2k)
£64.4k - Medneo Uk Limited
£47.2k - Industry AVG
Efficiency
resulting in sales per employee of £125.9k, this is less efficient (£198.3k)
£125.9k - Medneo Uk Limited
£198.3k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (45 days)
38 days - Medneo Uk Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (43 days)
14 days - Medneo Uk Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Medneo Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (14 weeks)
11 weeks - Medneo Uk Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55%, this is a lower level of debt than the average (62.6%)
55% - Medneo Uk Limited
62.6% - Industry AVG
MEDNEO UK LIMITED financials
Medneo Uk Limited's latest turnover from December 2023 is £19.1 million and the company has net assets of £12.6 million. According to their latest financial statements, Medneo Uk Limited has 152 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 19,135,712 | 15,834,577 | 8,645,613 | |||
| Other Income Or Grants | ||||||
| Cost Of Sales | 9,391,610 | 7,215,050 | 4,250,808 | |||
| Gross Profit | 9,744,102 | 8,619,527 | 4,394,805 | |||
| Admin Expenses | 9,249,077 | 7,784,167 | 4,613,343 | |||
| Operating Profit | 495,025 | 835,360 | -218,538 | |||
| Interest Payable | 889,602 | 683,918 | 350,441 | |||
| Interest Receivable | 110,866 | 4,464 | ||||
| Pre-Tax Profit | -283,711 | 151,442 | -564,515 | |||
| Tax | ||||||
| Profit After Tax | -283,711 | 151,442 | -564,515 | |||
| Dividends Paid | ||||||
| Retained Profit | -283,711 | 151,442 | -564,515 | |||
| Employee Costs | 9,782,803 | 7,504,126 | 4,266,189 | |||
| Number Of Employees | 152 | 127 | 68 | 3 | 2 | 1 |
| EBITDA* | 3,776,276 | 3,489,732 | -216,366 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 20,310,774 | 23,442,317 | 16,223,218 | 1,905 | ||
| Intangible Assets | 8,334 | 17,085 | 26,249 | 1,419 | 2,399 | |
| Investments & Other | 150,000 | 2 | 2 | |||
| Debtors (Due After 1 year) | 150,000 | 150,000 | 3,050,839 | |||
| Total Fixed Assets | 20,469,108 | 23,609,402 | 16,399,467 | 3,326 | 3,053,240 | |
| Stock & work in progress | ||||||
| Trade Debtors | 2,013,477 | 1,854,408 | 1,611,142 | |||
| Group Debtors | 3,930,079 | 8,843,555 | 661,546 | 10 | ||
| Misc Debtors | 547,844 | 428,749 | 208,794 | 45,578 | 9,281 | |
| Cash | 1,090,750 | 2,458,200 | 3,887,882 | 555,886 | 674,308 | |
| misc current assets | ||||||
| total current assets | 7,582,150 | 4,741,357 | 5,707,818 | 9,445,019 | 1,345,135 | 10 |
| total assets | 28,051,258 | 28,350,759 | 22,107,285 | 9,448,345 | 4,398,375 | 10 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 371,291 | 331,335 | 433,318 | 24,938 | 17,067 | 260,001 |
| Group/Directors Accounts | 1,360,256 | 60,595 | ||||
| other short term finances | ||||||
| hp & lease commitments | 2,381,459 | 1,859,610 | 1,323,840 | |||
| other current liabilities | 2,064,406 | 1,663,602 | 1,269,160 | 79,147 | 118,514 | |
| total current liabilities | 4,817,156 | 5,214,803 | 3,026,318 | 104,085 | 196,176 | 260,001 |
| loans | ||||||
| hp & lease commitments | 10,472,664 | 10,046,070 | 8,140,027 | |||
| Accruals and Deferred Income | ||||||
| other liabilities | 143,092 | 187,829 | 206,250 | |||
| provisions | ||||||
| total long term liabilities | 10,615,756 | 10,233,899 | 8,346,277 | |||
| total liabilities | 15,432,912 | 15,448,702 | 11,372,595 | 104,085 | 196,176 | 260,001 |
| net assets | 12,618,346 | 12,902,057 | 10,734,690 | 9,344,260 | 4,202,199 | -259,991 |
| total shareholders funds | 12,618,346 | 12,902,057 | 10,734,690 | 9,344,260 | 4,202,199 | -259,991 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 495,025 | 835,360 | -218,538 | |||
| Depreciation | 3,272,918 | 2,645,626 | 1,166 | 54 | ||
| Amortisation | 8,333 | 8,746 | 1,006 | 980 | 572 | |
| Tax | ||||||
| Stock | ||||||
| Debtors | 4,208,243 | 613,221 | -7,069,197 | 5,167,467 | 3,721,656 | 10 |
| Creditors | 39,956 | -101,983 | 408,380 | 7,871 | -242,934 | 260,001 |
| Accruals and Deferred Income | 400,804 | 394,442 | 1,190,013 | -39,367 | 118,514 | |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | 8,793 | 3,168,970 | 8,451,224 | |||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -150,000 | 149,998 | 2 | |||
| cash flow from investments | 150,000 | -149,998 | ||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -1,360,256 | 1,360,256 | -60,595 | 60,595 | ||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | 948,443 | 2,441,813 | 9,463,867 | |||
| other long term liabilities | -44,737 | -18,421 | 206,250 | |||
| share issue | ||||||
| interest | -778,736 | -683,918 | -345,977 | |||
| cash flow from financing | -1,235,286 | 5,115,655 | 11,279,085 | |||
| cash and cash equivalents | ||||||
| cash | -1,367,450 | -1,429,682 | 3,331,996 | -118,422 | 674,308 | |
| overdraft | ||||||
| change in cash | -1,367,450 | -1,429,682 | 3,331,996 | -118,422 | 674,308 |
medneo uk limited Credit Report and Business Information
Medneo Uk Limited Competitor Analysis
Perform a competitor analysis for medneo uk limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in W1W area or any other competitors across 12 key performance metrics.
medneo uk limited Ownership
MEDNEO UK LIMITED group structure
Medneo Uk Limited has 2 subsidiary companies.
Ultimate parent company
DIF CIF 3 PARTICIPATIONS 5 BV
#0170645
2 parents
MEDNEO UK LIMITED
11673581
2 subsidiaries
medneo uk limited directors
Medneo Uk Limited currently has 4 directors. The longest serving directors include Mr Andrew Spellman (Aug 2019) and Mr Stuart Webb (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Spellman | England | 62 years | Aug 2019 | - | Director |
| Mr Stuart Webb | 43 years | Nov 2020 | - | Director | |
| Mr Daniel Hefel | England | 43 years | Jul 2022 | - | Director |
| Mr Neil Marvell | United Kingdom | 42 years | Aug 2024 | - | Director |
P&L
December 2023turnover
19.1m
+21%
operating profit
495k
-41%
gross margin
51%
-6.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
12.6m
-0.02%
total assets
28.1m
-0.01%
cash
1.1m
-0.56%
net assets
Total assets minus all liabilities
medneo uk limited company details
company number
11673581
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
70100 - Activities of head offices
incorporation date
November 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
HAYMACINTYRE LLP
address
155-157 great portland street, london, W1W 6QP
Bank
-
Legal Advisor
-
medneo uk 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 medneo uk limited.
medneo uk 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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medneo uk limited Companies House Filings - See Documents
| date | description | view/download |
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