MEDGEN LTD
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Cash
£860K
-83.9% lowest in 6 filed years
Net assets
£8.4M
-49.6% vs 2024
Employees
45
-41.6% lowest in 6 filed years
Profit before tax
-£7.4M
-248.2% lowest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The director has concluded that the forecasted breach of the bank loan covenant and the fall in revenue as a result of the NHS reducing the use of agency staff represent a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £20,838,434 | £22,348,432 | £36,354,430 | — | £27,054,763 | £12,180,548 | -55% | |
| Operating profit | £2,950,021 | £3,682,496 | £7,777,659 | — | £4,924,048 | -£7,422,157 | -250.7% | |
| Profit before tax | £2,952,455 | £3,681,603 | £7,777,804 | £10,121,581 | £4,965,713 | -£7,361,258 | -248.2% | |
| Net profit | £2,384,848 | £2,972,368 | £6,320,182 | £8,123,414 | £4,045,773 | -£7,495,042 | -285.3% | |
| Cash | £1,688,922 | £2,250,739 | £4,141,205 | £6,156,195 | £5,351,429 | £860,244 | -83.9% | |
| Total assets less current liabilities | £2,477,280 | £3,515,750 | £8,926,205 | £14,991,922 | £16,741,451 | £8,469,184 | -49.4% | |
| Net assets | £2,427,562 | £3,479,930 | £8,899,264 | £14,972,678 | £16,718,451 | £8,423,409 | -49.6% | |
| Equity | £2,427,562 | £3,479,930 | £8,899,264 | £14,972,678 | £16,718,451 | £8,423,409 | -49.6% | |
| Average employees | 62 | 61 | 71 | 73 | 77 | 45 | -41.6% | |
| Wages | £2,049,048 | £2,464,369 | £3,136,665 | £3,756,018 | £3,726,720 | £2,240,398 | -39.9% | |
| Directors' remuneration | £105,000 | £130,000 | £233,333 | £300,000 | £300,000 | £225,000 | -25% |
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 14.2% | 16.5% | 21.4% | — | 18.2% | -60.9% | |
| Net margin | 11.4% | 13.3% | 17.4% | — | 15.0% | -61.5% | |
| Return on capital employed | 119.1% | 104.7% | 87.1% | — | 29.4% | -87.6% | |
| Current ratio | — | — | — | — | 11.27x | 8.27x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The director has concluded that the forecasted breach of the bank loan covenant and the fall in revenue as a result of the NHS reducing the use of agency staff represent a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GORDON, James Ross Lachlan | Director | 2015-05-12 | Jan 1981 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ermelo Parent Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-03-31 | Active |
| Mr James Gordon | Individual | Shares 50–75% | 2016-04-06 | Ceased 2021-03-31 |
Filing timeline
Last 20 of 45 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-07-18 MA Memorandum articles
- 2022-07-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | AA | accounts | Accounts with accounts type full | |
| 2026-01-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-01-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-06 | AA | accounts | Accounts with accounts type full | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-20 | AA | accounts | Accounts with accounts type full | |
| 2022-07-18 | MA | incorporation | Memorandum articles | |
| 2022-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2022-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-20 | AA | accounts | Accounts with accounts type full | |
| 2021-04-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-04-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-03-29 | AA | accounts | Accounts with accounts type small | |
| 2021-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-04-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.