SAFEGUARD MEDICAL UK LTD
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Cash
£68K
Latest balance sheet
Net assets
£14M
Equity attributable
Employees
16
Average over period
Profit before tax
£12M
Period ending 2024-06-29
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-06-30.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-06-29
| Metric | Trend | 2023-07-01 | 2024-06-29 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,656,233 | £1,467,726 | — | |
| Operating profit | -£962,854 | £4,742,574 | — | |
| Profit before tax | -£972,491 | £12,345,206 | — | |
| Net profit | -£800,802 | £12,371,629 | — | |
| Cash | £6,004 | £68,402 | — | |
| Total assets less current liabilities | £2,340,920 | £14,420,664 | — | |
| Net assets | £1,781,793 | £14,153,422 | — | |
| Equity | £1,781,793 | £14,153,422 | — | |
| Average employees | 18 | 16 | — | |
| Wages | £649,354 | £523,978 | — | |
| Directors' remuneration | £0 | £0 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-07-01 | 2024-06-29 |
|---|---|---|---|
| Operating margin | -58.1% | — | |
| Net margin | -48.4% | — | |
| Return on capital employed | -41.1% | 32.9% | |
| Current ratio | 0.75x | 3.30x | |
| Interest cover | -99.91x | — |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- SAFEGUARD MEDICAL UK LTD 2024-05-02 → present
- PROMETHEUS MEDICAL LTD 2005-03-01 → 2024-05-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, which the directors believe to be appropriate for the following reasons. The Company is dependent for its working capital on funds provided to it by Safeguard Medical Holdco LLC, the Company's parent undertaking. Safeguard Medical Holdco LLC has provided the Company with an undertaking that for at least 12 months from the date of approval of these financial statements, it will continue to make available such funds as are needed by the Company and in particular will not seek repayment of the amounts currently made available.”
Group structure
- SAFEGUARD MEDICAL UK LTD · parent
- Prometheus Medical (Scotland) Limited 100%
- Prometheus Medical Ltd. L.L.C 100%
Significant events
- “On 25 April 2024 the company completed the sale of the training and consultancy business for cash consideration of $13,000,000. This included the subsidiaries of SML in both the UAE and Switzerland, as well as the trade and assets of the training business in the UK and Norway, which is a subsidiary of another group company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JOHNSON, Adam Rudolph | Director | 2020-01-31 | Feb 1977 | American |
| SWEENEY, Chris Ryan | Director | 2020-01-31 | Mar 1975 | American |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GALLAGHER, Kevin | Secretary | 2006-10-16 | 2020-01-31 |
| NICOL, Alastair Mcpherson, Dr | Secretary | 2005-03-01 | 2006-10-16 |
| INCORPORATE SECRETARIAT LIMITED | Corporate Nominee Secretary | 2005-03-01 | 2005-03-01 |
| DEAKIN, Charles David Seymour, Professor | Director | 2005-03-01 | 2019-07-12 |
| GALLAGHER, Kevin | Director | 2020-06-22 | 2025-03-03 |
| GALLAGHER, Kevin | Director | 2008-05-01 | 2020-01-31 |
| HOUSTON, David, Dr | Director | 2008-05-01 | 2009-05-31 |
| NICOL, Alastair Mcpherson, Dr | Director | 2005-03-01 | 2019-07-12 |
| RUSSELL, Malcolm Quentin, Dr | Director | 2005-03-01 | 2020-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Safeguard Medical Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-07-12 | Active |
| Dr Malcolm Russell | Individual | Shares 50–75% | 2016-04-06 | Ceased 2019-07-12 |
Filing timeline
Last 20 of 108 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-03 RESOLUTIONS Resolution
- 2024-05-02 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-02 | AA | accounts | Accounts with accounts type full | |
| 2025-01-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-03 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-07-03 | CAP-SS | insolvency | Legacy | |
| 2024-07-03 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-03 | SH20 | capital | Legacy | |
| 2024-05-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-04-07 | AA | accounts | Accounts with accounts type full | |
| 2024-03-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-12 | AA | accounts | Accounts with accounts type full | |
| 2022-07-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-24 | AA | accounts | Accounts with accounts type full | |
| 2022-04-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-08-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-08-17 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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.