DIRECT MEDICS LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-01-31
Confirmation statement due
2026-08-16 (in 3mo)
Last made up 2025-08-02
Watchouts
Cash
£3M
+435.9% highest in 3 filed years
Net assets
£11M
-3% vs 2024
Employees
665
-5.5% vs 2024
Profit before tax
£3M
+17.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-01-31
| Metric | Trend | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £84,284,200 | £77,460,580 | |
| Operating profit | — | — | — | — | £2,769,644 | £3,005,287 | |
| Profit before tax | — | — | — | — | £2,574,381 | £3,023,328 | |
| Net profit | — | — | — | — | £1,939,618 | £2,267,461 | |
| Cash | £320,754 | — | — | — | £568,508 | £3,046,710 | |
| Total assets less current liabilities | — | — | — | — | £10,959,965 | £10,627,426 | |
| Net assets | — | — | — | — | £10,959,965 | £10,627,426 | |
| Equity | — | £6,975,839 | £6,811,926 | £9,491,460 | £10,959,965 | £10,627,426 | |
| Average employees | — | — | — | — | 704 | 665 | |
| Wages | — | — | — | — | £44,599,108 | £41,907,551 | |
| Directors' remuneration | — | — | — | — | £32,000 | £35,600 |
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
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-01-31
-
Turnover
-8.1%
£84,284,200 £77,460,580
-
Cash
+435.9%
£568,508 £3,046,710
highest in 3 filed years
-
Net assets
-3%
£10,959,965 £10,627,426
-
Employees
-5.5%
704 665
-
Operating profit
+8.5%
£2,769,644 £3,005,287
-
Profit before tax
+17.4%
£2,574,381 £3,023,328
-
Wages
-6%
£44,599,108 £41,907,551
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 | 2020-01-31 | 2021-01-31 | 2022-01-31 | 2023-01-31 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 3.3% | 3.9% | |
| Net margin | — | — | — | — | 2.3% | 2.9% | |
| Return on capital employed | — | — | — | — | 25.3% | 28.3% | |
| Current ratio | — | — | — | — | 1.68x | 2.10x | |
| Interest cover | — | — | — | — | 14.07x | 109.74x |
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
- Consolidated group
- Auditor
- M.B.Mc Grady & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- DIRECT MEDICS LTD · parent
- Career Locum Group 100%
- Medistaff Locum Recruitment 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MULVENNA, Paul Owen | Secretary | 2000-08-02 | — | British |
| FLANNERY, Anne-Marie | Director | 2000-08-02 | Mar 1973 | Irish |
| MULVENNA, Paul Owen | Director | 2000-08-02 | Dec 1969 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| 1-Experience Recruitment Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-08 | Active |
| Mrs Anne-Marie Flannery | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2025-10-30 | Ceased 2026-01-08 |
| Mr Paul Owen Mulvenna | Individual | Shares 25–50%, Voting 25–50%, Appoints directors, Significant influence | 2016-07-01 | Ceased 2026-01-08 |
Filing timeline
Last 20 of 70 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-08 MA Memorandum articles
- 2025-12-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-08 | MA | incorporation | Memorandum articles | |
| 2025-12-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-30 | AA01 | accounts | Change account reference date company current extended | |
| 2025-10-30 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-17 | AA | accounts | Accounts with accounts type group | |
| 2025-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | AA | accounts | Accounts with accounts type group | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-10 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-04-09 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-04-05 | AA | accounts | Accounts with accounts type group | |
| 2023-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-28 | AA | accounts | Accounts with accounts type group | |
| 2022-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-02 | AA | accounts | Accounts with accounts type group | |
| 2021-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-18 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.