Company Overview
Michael Franklin(Chemists)Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 17 December 1962, so this is a well established company. Michael Franklin(Chemists)Limited has been in business for 63 years and 3 months. The accounts status is full and the accounts are next due on Tuesday 31 March 2026.
Registered Address

Elthorne Gate, 64 High Street, Pinner, Middlesex, HA5 5QA
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Companies House Data
Company NameMICHAEL FRANKLIN(CHEMISTS)LIMITED
Company Number00744346
Registered Office AddressElthorne Gate
 64 High Street
 HA5 5QA
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date17/12/1962
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2026
Accounts Last Made Up Date30/06/2024
Accounts Account CategoryFULL
Returns Next Due Date19/11/2016
Returns Last Made Up Date22/10/2015
Directors & Members
Show Resigned
Kalpesh Patel - Director
(British, 67 years old, born November 1959)
Priti Patel - Director
(British, 65 years old, born August 1961)
Appointed 31 March 2009
 Active
Chhaya Patel - Director
(British, 64 years old, born April 1962)
Appointed 02 April 2009
 Active
Minesh Patel - Director
(British, 70 years old, born January 1956)
Amar Patel - Director
(British, 35 years old, born April 1991)
Appointed 16 February 2018
 Active
Secretaries
Show Resigned
Other Company Directorships
Kalpesh Patel
FMY CHEMIST LIMITED
GLENHAZEL LIMITED
INDEPENDENT PHARMACY FEDERATION
LOCKS MEDICARE LIMITED
PHARMA PLUS LIMITED
ULTIMA 2000 LIMITED
Priti Patel
No companies found
Chhaya Patel
No companies found
Minesh Patel
FMY CHEMIST LIMITED
GLENHAZEL LIMITED
LURIA LIMITED
RICKON LIMITED
S L ANDERSON (CHEMISTS) LIMITED
Amar Patel
B.K. KANDOLA LIMITED
EIGHTYFOUR PROPERTIES LIMITED
NOVUSPHARMA (UK) LTD
Balance Sheet Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Balance Sheet
Fixed Assets 2,890,350 2,890,350 3,164,199
Current Assets 5,928,182 5,928,182 5,269,173
Creditors Due Within One Year 2,684,693 2,684,693 3,181,742
Working Cap 3,243,489 3,243,489 2,087,431
Total Assets Less Current Liabilities 6,133,839 6,133,839 5,251,630
Long-term Liabilities 2,269,788 2,269,788 2,400,199
Net Assets 3,864,051 3,864,051 2,851,431
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 3,864,051 3,864,051 2,851,431
Common Size Financial Analysis Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Tangible Fixed Assets - - -
Fixed Assets 32.8% 32.8% 37.5%
Stocks Inventory - - -
Debtors 36.3% 36.3% 49.0%
Cash Bank In Hand 18.5% 18.5% 1.1%
Current Assets 67.2% 67.2% 62.5%
Creditors Due Within One Year 30.4% 30.4% 37.7%
Net Current Assets Liabilities 36.8% 36.8% 24.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 43.8% 43.8% 33.8%
Capital Employed - - -
Total Assets Less Current Liabilities 69.6% 69.6% 62.3%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Liquidity Ratio 2.2 2.2 1.7
Solvency Ratio 1.8 1.8 1.5
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 30
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 28
Assets and Debt Analysis Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Assets 8,818,532 8,818,532 8,433,372
Debt 4,954,481 4,954,481 5,581,941
Net Assets/Debt 3,864,051 3,864,051 2,851,431

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 23 July 2025 with no updates
Confirmation statement made on 23 July 2024 with no updates
Confirmation statement made on 23 July 2023 with no updates
Confirmation statement made on 5 August 2022 with no updates
Confirmation statement made on 23 July 2022 with no updates
Confirmation statement made on 23 July 2021 with no updates
Termination of appointment of Sharda Kanubhai Patel as a director on 17 August 2020
Cessation of Sharda Kanubhai Patel as a person with significant control on 17 August 2020
Satisfaction of charge 007443460019 in full
Satisfaction of charge 12 in full
Satisfaction of charge 007443460017 in full
Satisfaction of charge 007443460016 in full
Satisfaction of charge 007443460024 in full
Satisfaction of charge 007443460025 in full
Satisfaction of charge 007443460026 in full
Satisfaction of charge 007443460021 in full
Satisfaction of charge 007443460020 in full
Satisfaction of charge 007443460018 in full
Satisfaction of charge 007443460027 in full
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