SAFEGUARD MEDICAL TECHNOLOGIES LIMITED

1. SAFEGUARD MEDICAL TECHNOLOGIES LIMITED 2021-03-29 → present
2. PROMETHEUS MEDICAL TECHNOLOGIES LIMITED 2019-05-07 → 2021-03-29
3. PROMETHEUS DELTATECH LIMITED 2013-07-24 → 2019-05-07

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis which the directors believe to be appropriate for the following reasons. The company is dependent for its working capital on funds provided to it by Safeguard Medical Holdco LLC, the company's parent undertaking. Safeguard Medical Holdco LLC has provided the company with an undertaking that for at least 12 months from the date of approval of these financial statements, it will continue to make available such funds as are needed by the company and in particular will not seek repayment of the amounts currently made available. This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment.”

Group structure

1. SAFEGUARD MEDICAL TECHNOLOGIES LIMITED · parent
   1. Safeguard Medical Nordic AB 100% · Sweden · Supply of medical equipment and training
   2. Safeguard Medical Nordic AS 100% · Norway · Supply of medical equipment and training
   3. Safeguard Medical Services Africa (Pty) Ltd 100% · South Africa · Dormant
   4. Safeguard Medical Pty Ltd 100% · Australia · Supply of medical equipment
   5. Simbodies Ltd 100% · HR4 8DS · Professional, scientific and technical activities

Significant events

• “The reduction in revenue reflects fewer intercompany sales following a change in group trading arrangements as well as the benefit seen in prior year due to the conflict in Ukraine and Israel not being repeated.”
• “Cost of sales have reduced driven by revenue.”
• “Stock has reduced due to the change in stock management.”
• “The increase in debtors is due to SMT supporting other group companies working capital requirements.”
• “The company is exposed to margin pressures, with the increase in cost of product and freight across the global supply chain.”

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

Filings

1

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

  -30.9%

  £20,919,201 → £14,448,554

• Cash

  -26.2%

  £1,359,805 → £1,002,955

• Net assets

  +13.9%

  £8,803,390 → £10,028,184

• Employees

  +30.8%

  26 → 34

• Operating profit

  -50.2%

  £3,478,473 → £1,732,767

• Profit before tax

  -49.8%

  £3,427,287 → £1,718,807

• Wages

  -1.5%

  £1,233,182 → £1,214,423

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