SANGERS (MAIDSTONE) LIMITED

• ⚠

  Material uncertainty over going concern

  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.

1. SANGERS (MAIDSTONE) LIMITED 1982-04-20 → present
2. KURTGRADE LIMITED 1979-10-16 → 1982-04-20

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

Material uncertainty disclosed

“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.”

Significant events

• “We successfully renegotiated our group banking facilities with HSBC, securing a £6.5M term facility and a £15M revolving credit facility, reducing to £10M by 30 June 2025.”
• “We have also implemented strategic disposals, of certain pharmacy assets, which have contributed to debt reduction and improved our overall financial flexibility.”

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

Filings

2

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

  +59.2%

  £55,819,532 → £88,886,846

• Cash

  +1,080.5%

  £39,509 → £466,422

• Net assets

  -0.9%

  £19,367,797 → £19,186,319

• Employees

  -15%

  107 → 91

• Operating profit

  -2,276.8%

  £8,337 → -£181,478

• Wages

  +5.4%

  £2,333,072 → £2,458,116

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