How much does Medexpress Enterprises Ltd make?

Medexpress Enterprises Ltd reported revenue of £14.5m and a loss of £1.6m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Medexpress Enterprises Ltd have?

Medexpress Enterprises Ltd reported an average of 174 employees in the year to 31 Dec 2023.

Is Medexpress Enterprises Ltd profitable?

No — Medexpress Enterprises Ltd reported a loss of £1.6m in the year to 31 Dec 2023.

Company No. 08805262 · Incorporated 6 Dec 2013

Medexpress Enterprises Ltd

Registered name: MEDEXPRESS ENTERPRISES LTD

Part of Heliosx Holdings Limited group

Medexpress Enterprises Ltd made £14.5m revenue and a £1.6m loss in the year to 31 Dec 2023. read from filing text

Medexpress Enterprises Ltd’s revenue grew 10% to £14.5m in the year to 31 Dec 2023, with a loss of £1.6m and 174 employees. The company is classified under “dispensing chemist in specialised stores” and is based in Leamington Spa; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47730Dispensing chemist in specialised stores

Status: Active
Location: Leamington Spa, West Midlands
Age: 12 yrs · since 2013
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light

Revenue

£14.5m

Growth ▲9.6%

Profit

−£1.6m

Growth ▼270%

Profit margin

−10.7%

Gross 30.3%

Employees

174

Change ▲39.2%

Profit / employee

−£8.9k

Revenue/employee £83.2k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£13.2m	£14.5m
Cost of sales	£9m	£10.1m
Gross profit	£4.2m	£4.4m
Profit before tax	£779k	−£1.7m
Profit after tax	£914k	−£1.6m
Profit (best available)	£914k	−£1.6m
Staff costs	£7.2m	£11.1m
Employees (average)	125	174
Ratios
Profit margin	6.9%	−10.7%
Gross margin	31.7%	30.3%
Revenue per employee	£106k	£83.2k
Profit per employee	£7.3k	−£8.9k
Growth (year on year)
Revenue growth	—	▲9.6%
Profit growth	—	▼270%
Headcount growth	—	▲39.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£576k	£1.5m
Net assets	£9.3m	£8.4m
Fixed assets	£349k	£773k
Current assets	£10.6m	£9m
Debtors	£70.6k	£115k
Deferred income	£486k	£501k
Source	FullAccounts · bulk data Nov 2024	FullAccounts · bulk data Nov 2024

Derived from the latest filing

How the business works

Profit margin: −10.7%; Profit ÷ revenue.
Gross margin: 30.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £83.2k; Revenue ÷ average employees.
Profit per employee: −£8.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼9%; Now £8.4m
Cash at bank: ▲154%; Now £1.5m
Headcount: ▲39%; Now 174
Deferred income: ▲3%; Now £501k
Fixed assets: ▲121%; Now £773k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Heliosx Holdings Limitedultimate parent75–100%
Medexpress Enterprises Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (4)

Avianta Holdings LtdFigures not disclosed
Central Medical Solutions LtdFigures not disclosed
Dermatica LtdFigures not disclosed
Habitual Healthcare LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£1.6m), from the Companies House accounts bulk data published Nov 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.