MEDLINE OPERATIONS LTD
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Next accounts due
2026-10-01 (in 5mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-13 (in 5mo)
Last made up 2025-09-29
Watchouts
None on the register
Cash
£2M
+3.1% vs 2023
Net assets
£4M
+0.1% vs 2023
Employees
22
-4.3% vs 2023
Profit before tax
£148K
-30.3% vs 2023
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £2,969,276 | £3,227,148 | |
| Operating profit | — | — | £280,623 | £219,413 | |
| Profit before tax | £100,248 | £221,780 | £212,938 | £148,341 | |
| Net profit | -£57,021 | £112,681 | £66,013 | £2,145 | |
| Cash | £2,222,947 | £2,857,524 | £2,217,625 | £2,286,274 | |
| Total assets less current liabilities | £14,352,128 | £14,417,996 | £13,540,036 | £13,508,280 | |
| Net assets | £2,335,691 | £2,448,372 | £3,514,654 | £3,516,799 | |
| Equity | £2,335,691 | £2,448,372 | £3,514,654 | £3,516,799 | |
| Average employees | 10 | 19 | 23 | 22 | |
| Wages | £375,993 | £568,035 | — | — | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+8.7%
£2,969,276 £3,227,148
-
Cash
+3.1%
£2,217,625 £2,286,274
-
Net assets
+0.1%
£3,514,654 £3,516,799
-
Employees
-4.3%
23 22
-
Operating profit
-21.8%
£280,623 £219,413
-
Profit before tax
-30.3%
£212,938 £148,341
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 9.5% | 6.8% | |
| Net margin | — | — | 2.2% | 0.1% | |
| Return on capital employed | — | — | 2.1% | 1.6% | |
| Current ratio | — | — | 7.35x | 14.57x | |
| Interest cover | — | — | 2.62x | 2.16x |
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
- MEDLINE OPERATIONS LTD 2019-10-21 → present
- MEDLINE SERVICES LTD 2017-09-21 → 2019-10-21
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Due to the company's cash flows being linked to the performance of the wider Medline group and the cash flows being prepared on a consolidated basis, the Directors have received a letter of support from the Company's ultimate parent company, Medline Holdings, LP. The letter confirms ongoing financial support, should it be required, until 30 November 2026. The Directors have satisfied themselves that Medline Holdings, LP can provide this support to the Company should it be required following enquiries with the parent company directors and review of the Medline Holdings, LP financial position. As a result the financial statements are prepared on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARTIN HONDARZA SOBRINO, Carmen Victoria | Director | 2019-11-18 | Dec 1972 | Spanish |
| WARBURG, Till | Director | 2023-11-30 | Dec 1971 | German |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARCHELLI, Amedeo | Secretary | 2017-09-21 | 2018-04-20 |
| ABRAMS, James D | Director | 2019-11-18 | 2021-09-16 |
| LIENARD, Helene Marie | Director | 2019-11-18 | 2021-09-16 |
| MILLS, Andrew | Director | 2017-09-21 | 2019-11-18 |
| MONNOT, Jerome | Director | 2017-09-21 | 2019-11-18 |
| SEEHAUSEN, Frank | Director | 2021-09-16 | 2022-07-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Medline Stellar Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-09-21 | Active |
Filing timeline
Last 20 of 34 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-10 | AA | accounts | Accounts with accounts type full | |
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-07 | AA | accounts | Accounts with accounts type full | |
| 2023-12-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-06 | SH01 | capital | Capital allotment shares | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-20 | AA | accounts | Accounts with accounts type small | |
| 2021-11-18 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-18 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-18 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-12 | AA | accounts | Accounts with accounts type small | |
| 2020-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-23 | AA | accounts | Accounts with accounts type small | |
| 2020-07-17 | 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
- 2
- 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.