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Milpharm Limited

03354124

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

1 ROUNDWOOD AVENUE, UXBRIDGE, UB11 1AF
Incorporated 11/04/1997

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46460
Wholesale of pharmaceutical goods

Officers

Mr. Venugopalan Muralidharan

director · Since 06/06/2011

NONE

BRITISH · ENGLAND · Age 70

Also on 4 other boards

Mr Baskar Venkatraman

director · Since 31/08/2022

DIRECTOR

AMERICAN · UNITED STATES · Age 63

Mr Kevin Williams

director · Since 01/01/2025

DIRECTOR

BRITISH · ENGLAND · Age 47

Persons with Significant Control

Agile Pharma B.V.

75–100% shares

Prins Bernhardplein 200, 1097 Jb, Amsterdam, 1000AZ

Reg: 34255461 · Amsterdam, The Netherlands · Limited Liability Company

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

HSBC INVOICE FINANCE (UK) LIMITED (THE SECURITY HOLDER)

Created 15/08/2005Registered 16/08/2005Satisfied 04/05/2012
charge
satisfied

MIDLAND BANK PLC

Created 26/05/1997Registered 06/06/1997Satisfied 11/02/2011

CompanyRankvs 159+ SIC 46460 peers
76

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.73× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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159Milpharm Limited
82
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/03/2021

Turnover

£77.6M

Annual revenue

Net Worth

£21.1M

Balance sheet strength

Cash

£6.0M

Cash in the bank

Profit Before Tax

£6.5M

Bottom line earnings

Net Current Assets

£18.7M

Working capital

Current Assets

£44.3M

Current Liabilities

£25.6M

Fixed Assets

£2.6M

Debtors

£12.9M

Cost of Sales

£65.6M

Gross Profit

£12.0M

Admin Expenses

£7.9M

Operating Profit

£6.5M

Profit After Tax

£5.3M

44avg. employees

Tax at Year End

Corp tax£397k
Dividends paid£500k

People Costs

Wages & salaries£3.9M
NI contributions£497k

Balance Sheet

Intangible assets£2.5M
Assets less current liabilities£21.3M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent Ratio
20211.73

Derived from filed accounts. Not audited figures.