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Oval Medical Technologies Limited

06810585

active
Private Limited Company
england wales
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

50/60 STATION ROAD, CAMBRIDGE, CB1 2JH
Incorporated 05/02/2009

Compliance

Last accounts

31/12/2024

audit exemption subsidiary

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 05/02/2026

Due 19/02/2027

On track

Industry

72200
Research and experimental development on social sciences and humanities

Officers

Hs Secretarial Limited

secretary · Since 10/12/2016

BRITISH

Also on 112 other boards

Mr Chetan Narendra Patel

director · Since 10/12/2016

DIRECTOR

AMERICAN · UNITED STATES · Age 66

Also on 1 other board

Michael John Schick

director · Since 10/12/2016

DIRECTOR

AMERICAN · UNITED STATES · Age 67

Also on 1 other board

Persons with Significant Control

Smc Pharma Services Ltd

75–100% shares
75–100% votes

50/60, Station Road, Cambridge, CB1 2JH

Reg: 10446752 · Companies House England · Private Limited Company

Notified 10/12/2016

Charges1 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 29/04/2021Registered 05/05/2021

CompanyRankvs 11010+ SIC 72200 peers
37

Financial strength1th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.19× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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1101Oval Medical Technologies Limited
57
How is this score calculated?
Financial strength0/25 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.

Liquidity12/20 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

Outstanding charges: -10 pts

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

Going Concern Doubt

under section 400 of the Companies Act 2006 . Page 2 OVAL MEDICAL TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2. ACCOUNTING POLICIES (CONTINUED) 2.4 GOING CONCERN The Company’s ability to continue trading relies on the continued financial support from its parent company, SMC Pharma Services Ltd (formerly Cambridge Pharma Services Ltd). At the bala

Key FinancialsYear ending 31/12/2023

Net Worth

-£411k

Balance sheet strength

Cash

£217k

Cash in the bank

Net Current Assets

£160k

Working capital

Current Assets

£984k

Current Liabilities

£823k

Fixed Assets

£2.7M

Debtors

£767k

21avg. employees-4

Balance Sheet

Assets less current liabilities£2.8M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20231.19-£3.3M
20221.39-£2.7M
20210.75—

Derived from filed accounts. Not audited figures.