MICHAEL FRANKLIN(CHEMISTS)LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2026-08-06 (in 3mo)
Last made up 2025-07-23
Watchouts
None on the register
Cash
£606K
+117.4% vs 2024
Net assets
£4M
-2.4% vs 2024
Employees
94
-4.1% vs 2024
Profit before tax
-£55K
+78.4% vs 2024
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-06-30
| Metric | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £13,437,015 | £13,660,295 | |
| Operating profit | — | — | — | — | — | -£91,264 | £100,005 | |
| Profit before tax | — | — | — | — | — | -£256,316 | -£55,430 | |
| Net profit | — | — | — | — | — | -£238,341 | -£93,797 | |
| Cash | — | — | — | — | — | £278,612 | £605,579 | |
| Total assets less current liabilities | — | — | — | — | — | £5,960,445 | £5,739,900 | |
| Net assets | — | — | — | — | — | £3,915,769 | £3,821,972 | |
| Equity | £2,118,773 | — | — | — | — | £3,915,769 | £3,821,972 | |
| Average employees | — | — | — | — | — | 98 | 94 | |
| Wages | — | — | — | — | — | £2,241,031 | £2,254,716 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -0.7% | 0.7% | |
| Net margin | — | — | — | — | — | -1.8% | -0.7% | |
| Return on capital employed | — | — | — | — | — | -1.5% | 1.7% | |
| Current ratio | — | — | — | — | — | 2.22x | 2.21x | |
| Interest cover | — | — | — | — | — | -0.54x | 0.64x |
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
- Xeinadin Audit Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “Business conditions for 2025 were still the toughest in the retail pharmacy markets with significant cuts suffered in funding coupled with an increasingly difficult ability to source some medicines profitably. As a result margins decreased year on year and there is therefore a corresponding decrease in profits in the year.”
- “The directors are aware of the continuing challenges facing the community pharmacy sector, including funding pressures, rising operating costs and pressure on margins. These conditions have affected many pharmacies and continue to create uncertainty across the sector.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PATEL, Kalpesh Kanubhai | Secretary | — | — | British |
| PATEL, Amar Shilan Kalpesh | Director | 2018-02-16 | Apr 1991 | British |
| PATEL, Chhaya | Director | 2009-04-02 | Apr 1962 | British |
| PATEL, Kalpesh Kanubhai | Director | — | Nov 1959 | British |
| PATEL, Minesh Kanubhai | Director | — | Jan 1956 | British |
| PATEL, Priti | Director | 2009-03-31 | Aug 1961 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PATEL, Kanubhai Chhotabhai | Director | — | 2018-09-22 |
| PATEL, Sharda Kanubhai | Director | 2016-01-25 | 2020-08-17 |
| PATEL, Sharda Kanubhai | Director | 2013-08-01 | 2013-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Sharda Kanubhai Patel | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2020-07-23 | Ceased 2020-08-17 |
| Mr Kalpesh Kanubhai Patel | Individual | Significant influence | 2016-07-01 | Active |
Filing timeline
Last 20 of 173 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | AA | accounts | Accounts with accounts type full | |
| 2025-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-28 | AA | accounts | Accounts with accounts type full | |
| 2023-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-27 | AA | accounts | Accounts with accounts type full | |
| 2022-08-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-21 | AA | accounts | Accounts with accounts type full | |
| 2021-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2021-03-16 | AA | accounts | Accounts with accounts type full | |
| 2020-09-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-09-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-09-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-09-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-09-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-09-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-09-22 | MR04 | mortgage | Mortgage satisfy charge full |
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.
Year-on-year
FY2024 → FY2025 · period ending 2025-06-30 vs 2024-06-30
-
Turnover
+1.7%
£13,437,015 £13,660,295
-
Cash
+117.4%
£278,612 £605,579
-
Net assets
-2.4%
£3,915,769 £3,821,972
-
Employees
-4.1%
98 94
-
Operating profit
+209.6%
-£91,264 £100,005
-
Profit before tax
+78.4%
-£256,316 -£55,430
-
Wages
+0.6%
£2,241,031 £2,254,716
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