PROBO MEDICAL LTD

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. PROBO MEDICAL LTD 2021-11-01 → present
2. MOUNT INTERNATIONAL UNITED SERVICES LTD 2014-09-16 → 2021-11-01
3. MOUNT INTERNATIONAL ULTRASOUND SERVICES LTD 1997-11-17 → 2014-09-16

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

BK Plus Audit Limited (Statutory Auditor)

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “revenue in the 12-months ended 31 December 2024 increased by £3.01m or 13.8% on the previous period.”
• “Revenue has grown 14.3% within our service and rental business (£1.8m) and gross profit margins have improved from 46.6% to 48.2% due to improved focus on procurement and internal harvesting programmes.”
• “Underlying service revenue increased on the previous period despite a number of assets being decommissioned during the period (there were no material contract losses reported in the year).”
• “Administrative expenses have been carefully reviewed and monitored in FY2024 following the implementation of profit improvement plans. Through these measures, administrative expenses have reduced by £215,809 (2.0%) from the prior year.”
• “After the full integration of MIH during FY2024, the focus is to grow the topline organically through new initiatives especially within the Radiology and Ultrasound sectors. PML will continue with the success of our harvesting programme and develop both the probe repair and spray booth schemes which have been invested in during FY2024.”
• “There are a number of exciting opportunities in the UK in 2025 and beyond including the continued growth in distribution and service contracts.”
• “On the service front, the full integration of MIH, acquired by Probo Medical Holdings Limited in August 2022, has increased its contract footprint through the expanded service offering of the enlarged engineering team. The Directors acknowledge that service is an increasingly competitive marketplace due to new competitors and increased price pressure. However, PML aims to build on this enlarged team and coverage to access new customers in regions not previously covered. To do this, significant investment is being made in developing and updating engineering skillsets and knowledge through training. Also, PML is employing new engineers with a broader skillset so it can coverage a wider range of modalities for service.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +13.8%

  £21,894,666 → £24,905,392

• Cash

  +17.1%

  £248,534 → £290,939

• Net assets

  +16%

  £6,490,867 → £7,532,292

• Employees

  +28.4%

  88 → 113

• Operating profit

  +169.8%

  £560,084 → £1,511,204

• Profit before tax

  +169.8%

  £560,084 → £1,511,204

• Wages

  +29.5%

  £5,018,073 → £6,500,131

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