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Medipills Ltd

12730881

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

BURNHAM ON SEA PHARMACY, BURNHAM-ON-SEA, TA8 1AN
Incorporated 09/07/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47730
Dispensing chemist in specialised stores

Officers

Mr Sagarkumar Kiritbhai Patel

director · Since 09/07/2020

PHARMACIST

BRITISH · ENGLAND · Age 40

Also on 1 other board

Mrs Hiralben Vaghasiya

director · Since 09/07/2020

IT CONSULTANT

BRITISH · ENGLAND · Age 34

Persons with Significant Control

Mr Sagarkumar Kiritbhai Patel

50–75% shares
50–75% votes
Appoint directors

British · England · Age 40

Burnham On Sea Pharmacy, 18 Victoria Street, Burnham-On-Sea, TA8 1AN

Notified 09/07/2020

Former PSCs

Mrs Hiralben Vaghasiya

Ceased 13/07/2020

Charges3 outstanding

Charge
outstanding

TSB BANK PLC

Created 25/03/2024Registered 02/04/2024
Charge
outstanding

TSB BANK PLC

Created 09/01/2024Registered 16/01/2024
Charge
satisfied

TSB BANK PLC

Created 03/11/2023Registered 09/11/2023Satisfied 17/11/2023
Charge
outstanding

TSB BANK PLC

Created 25/09/2023Registered 28/09/2023

CompanyRankvs 3389+ SIC 47730 peers
41

Financial strength65th percentile among SIC peers · 16/25
Employees56th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.81× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3389Medipills Ltd
47
How is this score calculated?
Financial strength16/25 pts

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

Employees8/15 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.

Longevity6/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/07/2025

Net Worth

£100k

Balance sheet strength

Cash

£261k

Cash in the bank

Net Current Assets

-£80k

Working capital

Current Assets

£331k

Current Liabilities

£411k

Fixed Assets

£180k

Debtors

£54k

4avg. employees+1

Balance Sheet

Intangible assets£168k
Assets less current liabilities£100k
Signed by Mr Sagarkumar Patel 18/08/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.81+£44k
20240.77+£9k
20236.24—

Derived from filed accounts. Not audited figures.