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Med X Drug Limited

09951447

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

11/12 HALLMARK TRADING CENTRE, WEMBLEY, HA9 0LB
Incorporated 14/01/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47749
47749

Officers

Mr Mihir Patel

director · Since 14/01/2016

PHARMACIST

BRITISH · UNITED KINGDOM · Age 34

Also on 1 other board

Mr Neal Patel

director · Since 14/01/2016

PHARMACIST

BRITISH · UNITED KINGDOM · Age 33

Also on 2 other boards

Mr Anup Patel

director · Since 19/06/2021

NON EXECUTIVE DIRECTOR

BRITISH · ENGLAND · Age 34

Also on 19 other boards

Persons with Significant Control

Mr Neal Patel

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 33

11/12 Hallmark Trading Centre, Fourth Way, Wembley, HA9 0LB

Notified 06/04/2016

Mr Mihir Patel

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 34

11/12 Hallmark Trading Centre, Fourth Way, Wembley, HA9 0LB

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 01/09/2023Registered 01/09/2023
Charge
outstanding

LLOYDS BANK PLC

Created 21/05/2021Registered 25/05/2021
Charge
outstanding

LLOYDS BANK PLC

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

CompanyRankvs 721+ SIC 47749 peers
45

Financial strength85th percentile among SIC peers · 21/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.53× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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721Med X Drug Limited
61
How is this score calculated?
Financial strength21/25 pts

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

Employees13/15 pts

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

Liquidity6/20 pts

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

Longevity10/15 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 30/04/2025

Net Worth

£250k

Balance sheet strength

Cash

£491k

Cash in the bank

Net Current Assets

-£719k

Working capital

Current Assets

£814k

Current Liabilities

£1.5M

Fixed Assets

£2.6M

Debtors

£243k

6avg. employees

Balance Sheet

Intangible assets£485k
Assets less current liabilities£1.9M
Signed by Mr Anup Patel Mr Mihir Patel Mr Neal Patel 26 March 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.53+£0
20250.53+£23k
20240.47-£154k
20233.26+£254k
20222.91+£5k
20213.59+£32k
20202.84+£13k
20192.45—

Derived from filed accounts. Not audited figures.