meddx services limited

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meddx services limited Company Information

Share MEDDX SERVICES LIMITED

Company Number

13019330

Shareholders

meddx solutions limited

Group Structure

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Industry

Other manufacturing n.e.c.

 +1

Registered Address

old printers yard, 156 south street, dorking, surrey, RH4 2HF

meddx services limited Estimated Valuation

£317.4k

Pomanda estimates the enterprise value of MEDDX SERVICES LIMITED at £317.4k based on a Turnover of £716k and 0.44x industry multiple (adjusted for size and gross margin).

meddx services limited Estimated Valuation

£810.1k

Pomanda estimates the enterprise value of MEDDX SERVICES LIMITED at £810.1k based on an EBITDA of £248.8k and a 3.26x industry multiple (adjusted for size and gross margin).

meddx services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MEDDX SERVICES LIMITED at £0 based on Net Assets of £-272k and 1.85x industry multiple (adjusted for liquidity).

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Meddx Services Limited Overview

Meddx Services Limited is a live company located in dorking, RH4 2HF with a Companies House number of 13019330. It operates in the manufacture of other articles of paper and paperboard n.e.c. sector, SIC Code 17290. Founded in November 2020, it's largest shareholder is meddx solutions limited with a 100% stake. Meddx Services Limited is a young, small sized company, Pomanda has estimated its turnover at £716k with unknown growth in recent years.

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Meddx Services Limited Health Check

Pomanda's financial health check has awarded Meddx Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £716k, make it smaller than the average company (£14.4m)

£716k - Meddx Services Limited

£14.4m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Meddx Services Limited

- - Industry AVG

production

Production

with a gross margin of 19.5%, this company has a higher cost of product (28.2%)

19.5% - Meddx Services Limited

28.2% - Industry AVG

profitability

Profitability

an operating margin of 33.2% make it more profitable than the average company (5.8%)

33.2% - Meddx Services Limited

5.8% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (69)

3 - Meddx Services Limited

69 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.9k, the company has an equivalent pay structure (£40.9k)

£40.9k - Meddx Services Limited

£40.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £238.7k, this is more efficient (£196.4k)

£238.7k - Meddx Services Limited

£196.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 110 days, this is later than average (55 days)

110 days - Meddx Services Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 122 days, this is slower than average (42 days)

122 days - Meddx Services Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 12 days, this is less than average (66 days)

12 days - Meddx Services Limited

66 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (9 weeks)

1 weeks - Meddx Services Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 179.5%, this is a higher level of debt than the average (50.7%)

179.5% - Meddx Services Limited

50.7% - Industry AVG

MEDDX SERVICES LIMITED financials

EXPORTms excel logo

Meddx Services Limited's latest turnover from December 2023 is estimated at £716 thousand and the company has net assets of -£272 thousand. According to their latest financial statements, we estimate that Meddx Services Limited has 3 employees and maintains cash reserves of £22 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021
Turnover716,023616,2051,191,963
Other Income Or Grants
Cost Of Sales576,446495,275971,645
Gross Profit139,576120,929220,318
Admin Expenses-98,190772,66437,889
Operating Profit237,766-651,735182,429
Interest Payable
Interest Receivable22,23435,7351,521
Pre-Tax Profit260,000-616,000183,951
Tax-65,000-34,951
Profit After Tax195,000-616,000149,000
Dividends Paid
Retained Profit195,000-616,000149,000
Employee Costs122,82538,79337,034
Number Of Employees311
EBITDA*248,766-392,735219,429

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021
Tangible Assets26,00036,000287,000
Intangible Assets3,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets29,00036,000287,000
Stock & work in progress19,000191,000462,000
Trade Debtors216,000252,000287,000
Group Debtors
Misc Debtors56,00060,00057,000
Cash22,000825,0001,217,000
misc current assets
total current assets313,0001,328,0002,023,000
total assets342,0001,364,0002,310,000
Bank overdraft
Bank loan
Trade Creditors 193,000120,000593,000
Group/Directors Accounts407,0001,672,0001,040,000
other short term finances
hp & lease commitments
other current liabilities14,00039,000515,000
total current liabilities614,0001,831,0002,148,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions13,000
total long term liabilities13,000
total liabilities614,0001,831,0002,161,000
net assets-272,000-467,000149,000
total shareholders funds-272,000-467,000149,000
Dec 2023Dec 2022Dec 2021
Operating Activities
Operating Profit237,766-651,735182,429
Depreciation10,000259,00037,000
Amortisation1,000
Tax-65,000-34,951
Stock-172,000-271,000462,000
Debtors-40,000-32,000344,000
Creditors73,000-473,000593,000
Accruals and Deferred Income-25,000-476,000515,000
Deferred Taxes & Provisions-13,00013,000
Cash flow from operations443,766-1,051,735499,478
Investing Activities
capital expenditure-4,000-8,000-324,000
Change in Investments
cash flow from investments-4,000-8,000-324,000
Financing Activities
Bank loans
Group/Directors Accounts-1,265,000632,0001,040,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest22,23435,7351,521
cash flow from financing-1,242,766667,7351,041,521
cash and cash equivalents
cash-803,000-392,0001,217,000
overdraft
change in cash-803,000-392,0001,217,000

meddx services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Meddx Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for meddx services limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in RH4 area or any other competitors across 12 key performance metrics.

meddx services limited Ownership

MEDDX SERVICES LIMITED group structure

Meddx Services Limited has no subsidiary companies.

Ultimate parent company

2 parents

MEDDX SERVICES LIMITED

13019330

MEDDX SERVICES LIMITED Shareholders

meddx solutions limited 100%

meddx services limited directors

Meddx Services Limited currently has 3 directors. The longest serving directors include Mr Ian Vallance (Nov 2022) and Mr Christopher Tagg (May 2023).

officercountryagestartendrole
Mr Ian Vallance56 years Nov 2022- Director
Mr Christopher TaggUnited Kingdom56 years May 2023- Director
Mr David CahillUnited Kingdom48 years Jun 2024- Director

P&L

December 2023

turnover

716k

+16%

operating profit

237.8k

0%

gross margin

19.5%

-0.67%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-272k

-0.42%

total assets

342k

-0.75%

cash

22k

-0.97%

net assets

Total assets minus all liabilities

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meddx services limited company details

company number

13019330

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

17290 - Manufacture of other articles of paper and paperboard

incorporation date

November 2020

age

5

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

old printers yard, 156 south street, dorking, surrey, RH4 2HF

Bank

-

Legal Advisor

-

meddx 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 did not find charges/mortgages relating to meddx services limited.

meddx 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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meddx services limited Companies House Filings - See Documents

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