Abbey Chemists Ltd

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abbey chemists ltd Company Information

Live

EstablishedMidHigh

Company Number

SC323221

Website

www.abbeychemist.co.uk

Registered Address

c/o alexander sloan, 7th floor,, st. vincent street, glasgow, G2 5SG

Industry

Dispensing chemist in specialised stores

Telephone

01418893377

Next Accounts Due

March 2025

Group Structure

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Directors

Asgher Mohammed17 Years

Farzana Mohammed17 Years

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Shareholders

asgher mohammed 49.9%

imran mohammed 19.9%

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abbey chemists ltd Estimated Valuation

£9m

Pomanda estimates the enterprise value of ABBEY CHEMISTS LTD at £9m based on Net Assets of £4m and 2.27x industry multiple (adjusted for liquidity).

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Abbey Chemists Ltd AI Business Plan

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Abbey Chemists Ltd is a live company located in glasgow, G2 5SG with a Companies House number of SC323221. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in May 2007, it's largest shareholder is asgher mohammed with a 49.9% stake. Abbey Chemists Ltd is a established, mid sized company, Pomanda has estimated its turnover at £5.3m with high growth in recent years.

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Pomanda's financial health check has awarded Abbey Chemists Ltd a 4.5 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

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £5.3m, make it smaller than the average company (£12.2m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (5.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABBEY CHEMISTS LTD group structure

Abbey Chemists Ltd has no subsidiary companies.

Ultimate parent company

ABBEY CHEMISTS LTD

SC323221

ABBEY CHEMISTS LTD Shareholders

asgher mohammed	49.9%
imran mohammed	19.88%
siraj mohammed	19.88%
farzana mohammed	9.94%
the trustees of mr & mrs asgher mohammed's discretionary trust	0.4%

Abbey Chemists Ltd currently has 4 directors. The longest serving directors include Mr Asgher Mohammed (May 2007) and Ms Farzana Mohammed (May 2007).

officer	country	age	start	end	role
Mr Asgher Mohammed		63 years	May 2007	-	Director
Ms Farzana Mohammed		64 years	May 2007	-	Director
Mr Siraj Mohammed	Scotland	36 years	Dec 2012	-	Director
Dr Imran Mohammed	Scotland	39 years	Dec 2012	-	Director

EXPORT

Abbey Chemists Ltd's latest turnover from June 2023 is estimated at £5.3 million and the company has net assets of £4 million. According to their latest financial statements, Abbey Chemists Ltd has 41 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	5,302,671	4,001,868	4,093,788	3,388,903	3,598,972	3,150,625	2,741,268	2,713,622	2,484,248	2,660,002	2,489,812	2,264,302	2,508,162	2,185,494
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,664,242	2,698,305	2,815,573	2,387,682	2,550,696	2,182,894	1,872,892	1,844,275	1,743,793	1,845,315	1,720,478	1,598,467	1,766,831	1,522,216
Gross Profit	1,638,429	1,303,564	1,278,215	1,001,221	1,048,277	967,731	868,376	869,347	740,455	814,687	769,334	665,835	741,330	663,278
Admin Expenses	1,944,965	1,414,046	1,244,021	671,071	1,037,733	866,041	899,243	1,047,223	886,444	947,458	1,066,585	-5,048,155	708,135	419,252
Operating Profit	-306,536	-110,482	34,194	330,150	10,544	101,690	-30,867	-177,876	-145,989	-132,771	-297,251	5,713,990	33,195	244,026
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	73,849	18,522	1,852	1,578	5,886	2,951	1,087	1,583	1,270	673	738	829	325	76
Pre-Tax Profit	-232,687	-91,960	36,046	331,728	16,430	104,641	-29,780	-176,293	-144,719	-132,098	-296,513	5,714,818	33,520	244,103
Tax	0	0	-6,849	-63,028	-3,122	-19,882	0	0	0	0	0	-1,371,556	-8,715	-68,349
Profit After Tax	-232,687	-91,960	29,197	268,700	13,308	84,759	-29,780	-176,293	-144,719	-132,098	-296,513	4,343,262	24,805	175,754
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-232,687	-91,960	29,197	268,700	13,308	84,759	-29,780	-176,293	-144,719	-132,098	-296,513	4,343,262	24,805	175,754
Employee Costs	930,646	914,734	799,076	790,554	742,442	682,867	609,099	646,999	382,377	396,855	355,793	286,491	341,015	268,375
Number Of Employees	41	43	40	41	40	37	34	37	22	23	21	17	20	16
EBITDA*	-21,951	193,552	268,122	562,344	235,267	101,690	162,309	13,783	64,245	81,879	-81,193	5,926,897	58,346	263,141

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	380,425	450,078	393,427	120,126	164,820	149,712	54,991	41,260	36,186	64,371	91,521	106,079	128,716	110,120
Intangible Assets	2,186,976	2,374,476	2,561,976	2,749,476	2,936,976	3,124,476	3,311,976	3,499,476	3,686,976	3,874,476	4,061,976	4,249,476	4,500,000	4,500,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,567,401	2,824,554	2,955,403	2,869,602	3,101,796	3,274,188	3,366,967	3,540,736	3,723,162	3,938,847	4,153,497	4,355,555	4,628,716	4,610,120
Stock & work in progress	407,084	307,598	339,724	296,557	303,611	211,571	189,675	143,629	168,205	175,919	172,716	163,078	168,485	159,439
Trade Debtors	657,045	363,457	485,194	378,370	510,841	401,172	357,472	328,356	343,884	384,662	397,033	371,668	392,200	362,225
Group Debtors	0	0	0	0	0	0	0	2,366	0	0	0	0	0	0
Misc Debtors	214,028	184,474	236,695	176,543	187,173	94,962	84,335	98,187	0	0	0	0	0	0
Cash	1,465,286	1,488,661	1,474,807	2,228,902	927,483	641,990	538,414	331,212	302,185	205,962	63,087	232,102	99,385	30,592
misc current assets	0	0	0	0	0	0	0	0	22,370	0	0	0	0	0
total current assets	2,743,443	2,344,190	2,536,420	3,080,372	1,929,108	1,349,695	1,169,896	903,750	836,644	766,543	632,836	766,848	660,070	552,256
total assets	5,310,844	5,168,744	5,491,823	5,949,974	5,030,904	4,623,883	4,536,863	4,444,486	4,559,806	4,705,390	4,786,333	5,122,403	5,288,786	5,162,376
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	790,232	631,939	721,624	606,865	472,469	436,550	402,016	374,486	459,216	456,855	402,399	439,078	447,140	347,593
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	536	536	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	475,590	253,950	406,757	1,070,314	554,340	210,788	238,091	144,498	0	0	0	0	0	0
total current liabilities	1,265,822	885,889	1,128,381	1,677,179	1,026,809	647,338	640,107	518,984	459,216	456,855	402,399	439,614	447,676	347,593
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	85,103	90,249	78,876	17,428	17,428	3,186	8,156	7,122	5,917	9,143	12,444	14,786	16,369	14,847
total long term liabilities	85,103	90,249	78,876	17,428	17,428	3,186	8,156	7,122	5,917	9,143	12,444	14,786	16,369	14,847
total liabilities	1,350,925	976,138	1,207,257	1,694,607	1,044,237	650,524	648,263	526,106	465,133	465,998	414,843	454,400	464,045	362,440
net assets	3,959,919	4,192,606	4,284,566	4,255,367	3,986,667	3,973,359	3,888,600	3,918,380	4,094,673	4,239,392	4,371,490	4,668,003	4,824,741	4,799,936
total shareholders funds	3,959,919	4,192,606	4,284,566	4,255,367	3,986,667	3,973,359	3,888,600	3,918,380	4,094,673	4,239,392	4,371,490	4,668,003	4,824,741	4,799,936

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-306,536	-110,482	34,194	330,150	10,544	101,690	-30,867	-177,876	-145,989	-132,771	-297,251	5,713,990	33,195	244,026
Depreciation	97,085	116,534	46,428	44,694	37,223	0	5,676	4,159	22,734	27,150	28,558	25,407	25,151	19,115
Amortisation	187,500	187,500	187,500	187,500	187,500	0	187,500	187,500	187,500	187,500	187,500	187,500	0	0
Tax	0	0	-6,849	-63,028	-3,122	-19,882	0	0	0	0	0	-1,371,556	-8,715	-68,349
Stock	99,486	-32,126	43,167	-7,054	92,040	21,896	46,046	-24,576	-7,714	3,203	9,638	-5,407	9,046	159,439
Debtors	323,142	-173,958	166,976	-143,101	201,880	54,327	12,898	85,025	-40,778	-12,371	25,365	-20,532	29,975	362,225
Creditors	158,293	-89,685	114,759	134,396	35,919	34,534	27,530	-84,730	2,361	54,456	-36,679	-8,062	99,547	347,593
Accruals and Deferred Income	221,640	-152,807	-663,557	515,974	343,552	-27,303	93,593	144,498	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,146	11,373	61,448	0	14,242	-4,970	1,034	1,205	-3,226	-3,301	-2,342	-1,583	1,522	14,847
Cash flow from operations	-69,792	168,517	-436,220	1,299,841	331,938	7,846	225,522	14,307	111,872	142,202	-155,217	4,571,635	111,679	35,568
Investing Activities
capital expenditure	-27,432	-173,185	-319,729	0	-52,331	92,779	-19,407	-9,233	5,451	0	-14,000	60,254	-43,747	-4,629,235
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-27,432	-173,185	-319,729	0	-52,331	92,779	-19,407	-9,233	5,451	0	-14,000	60,254	-43,747	-4,629,235
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-536	0	536	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	2	0	0	0	0	0	0	0	0	-4,500,000	0	4,624,182
interest	73,849	18,522	1,852	1,578	5,886	2,951	1,087	1,583	1,270	673	738	829	325	76
cash flow from financing	73,849	18,522	1,854	1,578	5,886	2,951	1,087	1,583	1,270	673	202	-4,499,171	861	4,624,258
cash and cash equivalents
cash	-23,375	13,854	-754,095	1,301,419	285,493	103,576	207,202	29,027	96,223	142,875	-169,015	132,717	68,793	30,592
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-23,375	13,854	-754,095	1,301,419	285,493	103,576	207,202	29,027	96,223	142,875	-169,015	132,717	68,793	30,592

P&L

June 2023

turnover

5.3m

+33%

operating profit

-306.5k

gross margin

30.9%

-5.14%

turnover

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

Balance Sheet

June 2023

net assets

-0.06%

total assets

5.3m

+0.03%

cash

1.5m

-0.02%

net assets

Total assets minus all liabilities

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company number

SC323221

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

May 2007

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

c/o alexander sloan, 7th floor,, st. vincent street, glasgow, G2 5SG

last accounts submitted

June 2023

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 found 1 charges/mortgages relating to abbey chemists ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

abbey chemists ltd Company Information

abbey chemists ltd Estimated Valuation

abbey chemists ltd Estimated Valuation

abbey chemists ltd Estimated Valuation

Abbey Chemists Ltd AI Business Plan

Abbey Chemists Ltd Overview

Abbey Chemists Ltd Health Check

abbey chemists ltd Credit Report and Business Information

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ABBEY CHEMISTS LTD financials

abbey chemists ltd company details

abbey chemists ltd Charges & Mortgages

abbey chemists ltd Companies House Filings - See Documents