PAYDENS LIMITED

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have carefully considered the appropriateness of the going concern basis in preparing these financial statements. Whilst we note that our auditors have highlighted a material uncertainty related to the uncertainty in future government funding for the community pharmacy industry, we are confident that our proactive management, ongoing turnaround strategy and strong banking relationships will enable us to continue operating for the foreseeable future and see a return to profitability in 2025/26.”

Group structure

1. PAYDENS LIMITED · parent
   1. Sangers (Maidstone) Limited 100% · UK
   2. Paydens (Steyning) Limited 100% · UK
   3. RH Ferris (Romney Marsh) Limited 100% · UK
   4. Alphacrest Limited 100% · UK
   5. Boldasset Limited 100% · UK
   6. Guidebrook Limited 100% · UK
   7. SG Court Limited 100% · UK
   8. Spensley Services Limited 100% · UK
   9. Canterbury Pharmacies Limited 100% · UK
   10. Clementine Associates Limited 100% · UK
   11. A&S Shillam Limited 100% · UK
   12. Worthing Pharmacies Limited 100% · UK
   13. Longprofit Limited 100% · UK
   14. Sprint 1159 Limited 100% · UK
   15. Thompson's Chemists Limited 100% · UK
   16. Ginova UK Limited 100% · UK
   17. Boughton Parade Management Limited 56% · UK

Significant events

• “strategic disposals of certain pharmacy assets”
• “renegotiated our group banking facilities with HSBC”
• “divested of a number of pharmacies”
• “The Company entered into an invoice financing arrangement with Rx Bridge Limited. The total facility is for £21m and attracts interest at 6.3%pa.”
• “On 1 April 2024, the entire trade and assets of A&S Shillam Limited were hived up into Paydens Limited.”
• “On 28 March 2024 Paydens Limited acquired 100% of the share capital of Clementine Associates Limited for total consideration of £7,500,000. The trade and assets of the Clementine Associates and its subsidiaries were hived-up into Paydens Limited on 1 April 2024. As part of this process the £7.5m investment was fully impaired and an equivalent dividend was paid from Clementine Associates to Paydens Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.4%

  £142,157,250 → £155,572,126

• Cash

  -86.1%

  £3,549,324 → £494,525

• Net assets

  -61.7%

  £25,061,208 → £9,594,589

• Employees

  +19.7%

  1,311 → 1,569

• Operating profit

  -82.3%

  -£9,812,882 → -£17,893,292

• Profit before tax

  -10.3%

  -£14,023,010 → -£15,466,619

• Wages

  +13.4%

  £31,310,563 → £35,500,631

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers