MEDICAL GAS SOLUTIONS LIMITED
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Cash
£429k
-80.8% lowest in 3 filed years
Net assets
£7.3m
-46.2% lowest in 3 filed years
Employees
80
+12.7% highest in 3 filed years
Profit before tax
£2.3m
+43.9% highest in 3 filed years
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £8,679,000 | £9,798,000 | £11,764,000 | +20.1% | |
| Operating profit | £1,138,000 | £1,476,000 | £2,045,000 | +38.6% | |
| Profit before tax | £1,337,000 | £1,578,000 | £2,271,000 | +43.9% | |
| Net profit | £990,000 | £1,183,000 | £1,703,000 | +44% | |
| Cash | £3,880,000 | £2,237,000 | £429,000 | -80.8% | |
| Total assets less current liabilities | £13,635,000 | £14,654,000 | £8,193,000 | -44.1% | |
| Net assets | £12,458,000 | £13,641,000 | £7,344,000 | -46.2% | |
| Equity | £12,458,000 | £13,641,000 | £7,344,000 | -46.2% | |
| Average employees | 67 | 71 | 80 | +12.7% | |
| Wages | £2,159,000 | £2,228,000 | £2,537,000 | +13.9% | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 13.1% | 15.1% | 17.4% | |
| Net margin | 11.4% | 12.1% | 14.5% | |
| Return on capital employed | 8.3% | 10.1% | 25.0% | |
| Current ratio | 8.76x | 4.67x | 0.68x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- MEDICAL GAS SOLUTIONS LIMITED 2007-07-02 → present
- CONCORD MEDICAL HOLDINGS LIMITED 2003-11-18 → 2007-07-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte Ireland LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the future cashflow forecasts of the company and its ability to continue as a going concern and are satisfied that the company can continue to meet its liabilities as they fall due for at least 12 months from the date of signing these financial statements.”
Significant events
- “On 25 June 2026, the Directors entered into an agreement to sell the Company to Baywater Healthcare subject to customary regulatory and other closing matters.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEAK, Adam John | Secretary | 2024-11-26 | — | — |
| HALL, Oliver Joseph | Director | 2023-03-22 | Sep 1992 | British |
| KIRK, Alan Charles Robinson | Director | 2025-09-15 | Jun 1968 | British |
| TREVOR, Ivan James | Director | 2019-08-05 | Jul 1979 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BILLING, Davinder | Secretary | 2023-05-22 | 2024-07-04 |
| CLARK, Tom | Secretary | 2016-05-10 | 2018-05-31 |
| CULLUM, Mark Ian Albert | Secretary | 2014-06-17 | 2016-05-10 |
| DAIN, Walter | Secretary | 2006-05-25 | 2006-10-25 |
| GANDHI, Zarana | Secretary | 2018-05-31 | 2019-02-08 |
| HALL, Oliver Joseph | Secretary | 2019-02-08 | 2023-05-22 |
| REID, Robert Alan Bowen | Secretary | 2004-10-19 | 2006-04-25 |
| WILLIAMS, Kevin | Secretary | 2006-11-01 | 2010-06-30 |
| WOODHOUSE, Lee Shelley | Secretary | 2012-05-22 | 2014-06-17 |
| GD SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2003-11-18 | 2004-10-19 |
| ABLETT, Peter | Director | 2017-09-18 | 2018-06-28 |
| CUBBON, James Henry | Director | 2012-04-19 | 2023-03-22 |
| DOLBY, Arthur Middleton | Director | 2007-06-07 | 2010-02-12 |
| GANNON, William Francis | Director | 2017-09-18 | 2022-11-15 |
| GIFFORD, Andrew Graham | Director | 2004-06-23 | 2010-02-24 |
| GULLICK, Stephen | Director | 2007-01-16 | 2021-02-11 |
| HOODLESS, Judith Anne, Dr | Director | 2010-02-09 | 2013-12-05 |
| HORTON, Paul | Director | 2022-11-15 | 2025-09-15 |
| JONES, Alan Bryn | Director | 2010-05-24 | 2012-02-04 |
| MACLEOD-CLARKE, Timothy John | Director | 2004-06-23 | 2012-04-19 |
| MURPHY, Conor Jospeh | Director | 2012-04-19 | 2017-09-18 |
| MURPHY, Donal | Director | 2012-04-19 | 2017-09-18 |
| PLYTE, Mark Edward | Director | 2012-04-19 | 2019-08-05 |
| REID, Robert Alan Bowen | Director | 2004-10-19 | 2006-04-25 |
| ROBERTS, John Trefor Price | Director | 2007-03-22 | 2009-01-23 |
| ROBERTS, John Trefor Price | Director | 2004-10-19 | 2006-04-27 |
| ROSE, Geoffrey Derek | Director | 2004-06-23 | 2005-03-24 |
| SELLS, Edward Andrew Perronet | Director | 2004-12-02 | 2007-01-16 |
| WILLIAMS, Kevin | Director | 2007-11-29 | 2010-06-30 |
| GD DIRECTORS LIMITED | Corporate Director | 2003-11-18 | 2004-06-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Flogas Britain Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 175 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-18 | AA | accounts | Accounts with accounts type full | |
| 2024-12-13 | AA | accounts | Accounts with accounts type full | |
| 2024-11-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-25 | CH01 | officers | Change person director company with change date | |
| 2024-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-06-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-03-29 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-29 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.