cordis medical uk limited

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cordis medical uk limited Company Information

Share CORDIS MEDICAL UK LIMITED

Company Number

13333625

Shareholders

cordis medical holdings unlimited company

Group Structure

View All

Industry

Wholesale of pharmaceutical goods

 +1

Registered Address

chadwick house birchwood park, warrington, cheshire, WA3 6AE

Website

-

cordis medical uk limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of CORDIS MEDICAL UK LIMITED at £6.1m based on a Turnover of £11.5m and 0.53x industry multiple (adjusted for size and gross margin).

cordis medical uk limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of CORDIS MEDICAL UK LIMITED at £2m based on an EBITDA of £364.2k and a 5.56x industry multiple (adjusted for size and gross margin).

cordis medical uk limited Estimated Valuation

£7.6m

Pomanda estimates the enterprise value of CORDIS MEDICAL UK LIMITED at £7.6m based on Net Assets of £3.6m and 2.08x industry multiple (adjusted for liquidity).

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Cordis Medical Uk Limited Overview

Cordis Medical Uk Limited is a live company located in cheshire, WA3 6AE with a Companies House number of 13333625. It operates in the retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) n.e.c. sector, SIC Code 47749. Founded in April 2021, it's largest shareholder is cordis medical holdings unlimited company with a 100% stake. Cordis Medical Uk Limited is a startup, mid sized company, Pomanda has estimated its turnover at £11.5m with unknown growth in recent years.

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Cordis Medical Uk Limited Health Check

Pomanda's financial health check has awarded Cordis Medical Uk Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £11.5m, make it smaller than the average company (£18.6m)

£11.5m - Cordis Medical Uk Limited

£18.6m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Cordis Medical Uk Limited

- - Industry AVG

production

Production

with a gross margin of 32.4%, this company has a comparable cost of product (33.7%)

32.4% - Cordis Medical Uk Limited

33.7% - Industry AVG

profitability

Profitability

an operating margin of 2.2% make it less profitable than the average company (4.7%)

2.2% - Cordis Medical Uk Limited

4.7% - Industry AVG

employees

Employees

with 22 employees, this is below the industry average (36)

22 - Cordis Medical Uk Limited

36 - Industry AVG

paystructure

Pay Structure

on an average salary of £110.9k, the company has a higher pay structure (£68.6k)

£110.9k - Cordis Medical Uk Limited

£68.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £520.6k, this is equally as efficient (£499.5k)

£520.6k - Cordis Medical Uk Limited

£499.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 62 days, this is near the average (53 days)

62 days - Cordis Medical Uk Limited

53 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 4 days, this is quicker than average (30 days)

4 days - Cordis Medical Uk Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 7 days, this is less than average (60 days)

7 days - Cordis Medical Uk Limited

60 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (13 weeks)

37 weeks - Cordis Medical Uk Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 41.2%, this is a lower level of debt than the average (52.2%)

41.2% - Cordis Medical Uk Limited

52.2% - Industry AVG

CORDIS MEDICAL UK LIMITED financials

EXPORTms excel logo

Cordis Medical Uk Limited's latest turnover from June 2023 is £11.5 million and the company has net assets of £3.6 million. According to their latest financial statements, Cordis Medical Uk Limited has 22 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022
Turnover11,453,5648,785,116
Other Income Or Grants00
Cost Of Sales7,744,4265,931,795
Gross Profit3,709,1382,853,321
Admin Expenses3,454,1212,703,409
Operating Profit255,017149,912
Interest Payable00
Interest Receivable05,163
Pre-Tax Profit255,017155,075
Tax-111,462-29,464
Profit After Tax143,555125,611
Dividends Paid00
Retained Profit143,555125,611
Employee Costs2,439,9131,455,000
Number Of Employees2223
EBITDA*364,249249,210

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022
Tangible Assets2,6384,303
Intangible Assets1,676,2511,783,818
Investments & Other23,10723,107
Debtors (Due After 1 year)1,3780
Total Fixed Assets1,703,3741,811,228
Stock & work in progress164,836705,231
Trade Debtors1,951,6462,190,242
Group Debtors518,1912,398
Misc Debtors445141,597
Cash1,829,689826,088
misc current assets00
total current assets4,464,8073,865,556
total assets6,168,1815,676,784
Bank overdraft00
Bank loan00
Trade Creditors 105,854366,282
Group/Directors Accounts1,628,2661,235,838
other short term finances00
hp & lease commitments00
other current liabilities804,040587,122
total current liabilities2,538,1602,189,242
loans00
hp & lease commitments00
Accruals and Deferred Income00
other liabilities00
provisions01,076
total long term liabilities01,076
total liabilities2,538,1602,190,318
net assets3,630,0213,486,466
total shareholders funds3,630,0213,486,466
Jun 2023Jun 2022
Operating Activities
Operating Profit255,017149,912
Depreciation1,665695
Amortisation107,56798,603
Tax-111,462-29,464
Stock-540,395705,231
Debtors137,4232,334,237
Creditors-260,428366,282
Accruals and Deferred Income216,918587,122
Deferred Taxes & Provisions-1,0761,076
Cash flow from operations611,173-1,865,242
Investing Activities
capital expenditure0-1,887,419
Change in Investments023,107
cash flow from investments0-1,910,526
Financing Activities
Bank loans00
Group/Directors Accounts392,4281,235,838
Other Short Term Loans 00
Long term loans00
Hire Purchase and Lease Commitments00
other long term liabilities00
share issue03,360,855
interest05,163
cash flow from financing392,4284,601,856
cash and cash equivalents
cash1,003,601826,088
overdraft00
change in cash1,003,601826,088

cordis medical uk 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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Cordis Medical Uk Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for cordis medical uk limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in WA3 area or any other competitors across 12 key performance metrics.

cordis medical uk limited Ownership

CORDIS MEDICAL UK LIMITED group structure

Cordis Medical Uk Limited has no subsidiary companies.

Ultimate parent company

BAYOU TOPCO INC

#0037477

CORDIS MEDICAL HOLDINGS UNLIMITED COMPAN

IE691904

2 parents

CORDIS MEDICAL UK LIMITED

13333625

CORDIS MEDICAL UK LIMITED Shareholders

cordis medical holdings unlimited company 100%

cordis medical uk limited directors

Cordis Medical Uk Limited currently has 3 directors. The longest serving directors include Mr Timothy Trott (Apr 2021) and Mr Pieter Dewandeleer (Oct 2021).

officercountryagestartendrole
Mr Timothy TrottUnited Kingdom43 years Apr 2021- Director
Mr Pieter DewandeleerUnited Kingdom39 years Oct 2021- Director
Mr John Georges53 years May 2024- Director

P&L

June 2023

turnover

11.5m

0%

operating profit

255k

0%

gross margin

32.4%

0%

turnover

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

Balance Sheet

June 2023

net assets

3.6m

+0.04%

total assets

6.2m

+0.09%

cash

1.8m

+1.21%

net assets

Total assets minus all liabilities

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cordis medical uk limited company details

company number

13333625

Type

Private limited with Share Capital

industry

46460 - Wholesale of pharmaceutical goods

47749 - Retail sale of medical and orthopaedic goods (other than hearing aids) n.e.c., in specialised stores

incorporation date

April 2021

age

4

incorporated

UK

ultimate parent company

BAYOU TOPCO INC

accounts

Small Company

last accounts submitted

June 2023

previous names

N/A

accountant

-

auditor

ERNST & YOUNG

address

chadwick house birchwood park, warrington, cheshire, WA3 6AE

Bank

BANK OF AMERICA

Legal Advisor

-

cordis medical 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 cordis medical uk limited.

cordis medical 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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cordis medical uk limited Companies House Filings - See Documents

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