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Smartway Pharmaceuticals Limited

08481191

active
Private Limited Company
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

THE OLD MILL, LEICESTER, LE3 5DE
Incorporated 09/04/2013

Compliance

Last accounts

31/03/2025

full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 09/04/2026

Due 23/04/2027

On track

Industry

46460
Wholesale of pharmaceutical goods

Officers

Mrs Kirti Patel

director · Since 09/04/2013

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 8 other boards

Mr Hitendrakumar Patel

director · Since 11/12/2020

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 59

Mr Dhruv Dilipkumar Patel

director · Since 21/06/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 2 other boards

Mr Josh Cocklin

director · Since 17/03/2025

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 36

Also on 5 other boards

Persons with Significant Control

Smartway Pw Holdings Limited

75–100% shares
75–100% votes
Appoint directors

The Old Mill, 9 Soar Lane, Leicester, LE3 5DE

Reg: 08363500 · Companies House · Limited Company

Notified 09/04/2016

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 26/11/2024Registered 27/11/2024

CompanyRankvs 2260+ SIC 46460 peers
60

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.22× · 12/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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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.

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.

Longevity13/15 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

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 co

Key FinancialsYear ending 31/03/2024

Turnover

£176.9M

Annual revenue

Net Worth

£12.0M

Balance sheet strength

Cash

£2.4M

Cash in the bank

Profit Before Tax

£9.9M

Bottom line earnings

Net Current Assets

£11.1M

Working capital

Current Assets

£61.7M

Current Liabilities

£50.6M

Fixed Assets

£931k

Debtors

£40.0M

Cost of Sales

£156.1M

Gross Profit

£20.8M

Admin Expenses

£11.0M

Operating Profit

£9.8M

Profit After Tax

£8.0M

103avg. employees+6

Tax at Year End

Dividends paid£30.0M

People Costs

Wages & salaries£3.6M
NI contributions£372k

Balance Sheet

Intangible assets£281k
Assets less current liabilities£12.0M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20241.22-£5.5M
20231.35-£22.4M
20227.41-£18.7M
202119.27

Derived from filed accounts. Not audited figures.