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Sussex community dermatology service ltd
Registration Number
06733725Incorporation Date
27/10/2008Last Annual Return
Not availableAddress
Technology House, West Road, Brighton, East Sussex. BN41 1QH
Website
sussexcds.co.ukAudit Fees
Not availableSecretary
Ms Nisha Cliff-Patel
Directors
Active
Sandeep Cliff Patel (58 yrs)
Active
Dr Susana Morris (47 yrs)
Active
Dr Andrew David Morris (55 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 16829 | 18623 | 22338 | 27454 | 32396 |
| Directors Fees | 0 | 103 | 0 | 0 | 0 |
| Gross Profits | 7996 | 6095 | 6052 | 7135 | 8419 |
| Value Added | 5824 | 6517 | 7013 | 8485 | 12098 |
| Trading Profit | 3088 | 3885 | 3777 | 5282 | 8662 |
| Depreciation | 107 | 145 | 163 | 99 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 56 | 70 | 77 | 70 | 84 |
| Pre-tax Profit | 2925 | 3670 | 3537 | 5113 | 8459 |
| Retained Profit (Shareholders Funds) | -528 | 884 | 1139 | 962 | 3068 |
| Fixed Assets | 327 | 323 | 242 | 193 | 232 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 1163 | 1388 | 41 | 48 |
| Debtors | 1199 | 1181 | 1468 | 3935 | 4643 |
| Cash or Equivalent | 1973 | 2497 | 3805 | 4932 | 7702 |
| Total Current Assets | 3172 | 4841 | 6661 | 8908 | 12393 |
| Creditors | 2103 | 1537 | 2029 | 2746 | 3726 |
| Short Term Borrowing | 324 | 709 | 0 | 1000 | 0 |
| Other Current Liabilities | 0 | 961 | 1800 | 2331 | 2797 |
| Total Current Liabilities | 2427 | 3207 | 3829 | 6077 | 6523 |
| Net Current Assets | 745 | 1634 | 2832 | 2831 | 5870 |
| Shareholders Funds | -9 | 875 | 2014 | 2976 | 6044 |
| Total Loan Capital | 1000 | 1000 | 1000 | 0 | 0 |
| Other Capital Employed | 82 | 81 | 61 | 48 | 58 |
| Total Capital Employed | 1073 | 1956 | 3075 | 3024 | 6102 |
| Pretax Profit Margin % | 17.38 | 19.71 | 15.83 | 18.62 | 26.11 |
| Sales Growth % | NA | 11 | 20 | 23 | 18 |
| Pretax Profit Growth % | NA | 25 | -4 | 45 | 65.44 |
| Debtor Ratio Days | 26 | 23 | 24 | 52 | 52.1723610402856 |
| Creditor Ratio Days | 45 | 30 | 33 | 36 | 41.8691483936767 |
| Stock Turnover | NA | 16 | 16 | 670 | 669.609756097561 |
| Sales £000 / Employee | 187 | 202 | 235 | 283 | 311.334020618557 |
| Value Added £000/Empl. | 65 | 71 | 74 | 87 | 116.265944434737 |
| Av. Remun. £000 / Empl. | 30 | 29 | 34 | 33 | 33.020618556701 |
| Total Empl. Remu. £000 | 2736 | 2632 | 3236 | 3203 | 3435.94545454545 |
| Employees | 90 | 92 | 95 | 97 | 104.054545454545 |
| Pretax Profit/Total Assets % | 84 | 71 | 51 | 56 | 67 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
- Sales per Employee is £283,000 which is well above the industry average of £169,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 18.6% in the latest year, well above the industry average of -0.7%.
- Shareholders received £3.5m in dividends this year, over 68% of the pretax profits of the company.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is the only Best Trading Partner in this industry (see section 1c).
- The company is the only Leader in Efficiency in this industry.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 49 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £27.5m sales and made £5.1m, by following the proposal plan, sales would rise to £32.4m and profits would rise to £8.5m.
Key Attractiveness Features
- ADD £27.5m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
- HIGH DIVIDEND
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 16829 | 18623 | 22338 | 27454 | 32396 |
| Pre-tax Profit (£000) | 2925 | 3670 | 3537 | 5113 | 8459 |
| Total Value (£000) | 16431 | 21882 | 21168 | 30084 | 47638 |
| Asset Value (£000) | 1526 | 2667 | 3098 | 4169 | 4923 |
| Goodwill (£000) | 14905 | 19215 | 18070 | 25915 | 42715 |
| Liabilities (£000) | -1536 | -1791 | -1085 | -1193 | 1121 |
| Equity Value (£000) | 14895 | 20091 | 20083 | 28891 | 48759 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MEDICAL CLINICS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 17 years.
The number of shareholders is low (1)
The total value of the company is currently £30.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 67% return on total assets.
The company's value would increase by 58% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 32%.
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