Company Overview
Phillips Chemists Limited is listed at the official companies registry as In Administration Private Limited Company. The company was incorporated on Wednesday 13 January 2010, so this is a well established company. Phillips Chemists Limited has been in business for 16 years and 2 months. The accounts status is total exemption full and the accounts are next due on Thursday 29 February 2024.
Registered Address

Suite 5 2Nd Floor Bulman House Regent Centre, Gosforth, Newcastle Upon Tyne, NE3 3LS
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Companies House Data
Company NamePHILLIPS CHEMISTS LIMITED
Company Number07124855
Registered Office AddressSuite 5 2nd Floor Bulman House Regent Centre
 Gosforth
 NE3 3LS
Company CategoryPrivate Limited Company
Company StatusIn Administration
Country of OriginUnited Kingdom
Incorporation Date13/01/2010
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date29/02/2024
Accounts Last Made Up Date31/05/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date10/02/2017
Returns Last Made Up Date13/01/2016
Directors & Members
Show Resigned
David Gulliford - Director
(British, 38 years old, born June 1988)
Appointed 29 March 2019
 Active
Peter Gulliford - Director
(British, 77 years old, born May 1949)
Appointed 06 July 2020
 Active
Colin Vallance - Director
(British, 64 years old, born July 1962)
Appointed 18 July 2019
 Active
Secretaries
Show Resigned
Other Company Directorships
David Gulliford
CALMCAST LIMITED
CHRYSALIS SALES LIMITED
ISLESTONE LIMITED
ME CRONIN LTD
MEDWAY LIMITED
NORTHCARE LIMITED
P. S. PENDERGOOD LIMITED
SPINKS THE CHEMISTS LIMITED
WARDMAN 2011 LIMITED
WARDMAN INVESTMENT GROUP LIMITED
WOLSINGHAM PHARMACY LIMITED
Peter Gulliford
BEVERLEY PHARMACY LIMITED
CALMBAND LIMITED
CALMCAST LIMITED
CHRYSALIS SALES LIMITED
DERMALAB LIMITED
DERMATOLOGICAL SPECIALS LIMITED
DERWENT SERVICES LIMITED
ETHICAL SPECIALS LIMITED
FARNE LIMITED
ISLESTONE LIMITED
LANDMARK PHARMA LIMITED
ME CRONIN LTD
NORTHCARE INVESTMENTS LIMITED
NORTHCARE LIMITED
PHARMAGENIX LIMITED
SOLAN LIMITED
SPINKS THE CHEMISTS LIMITED
TESTERWORLD LIMITED
UK GENERICS LIMITED
VITAGLOBE LIMITED
WARDMAN 2011 LIMITED
WARDMAN INVESTMENT GROUP LIMITED
WOLSINGHAM PHARMACY LIMITED
Colin Vallance
No companies found
Balance Sheet Unlock full report
Accounts Date 31-May-2022 31-May-2021 31-May-2020
Balance Sheet
Fixed Assets 44,548 52,445 63,624
Current Assets 1,842,318 1,574,871 1,155,030
Creditors Due Within One Year 1,292,953 1,042,877 894,188
Working Cap 549,365 531,994 260,842
Total Assets Less Current Liabilities 593,913 584,439 324,466
Long-term Liabilities 156,143 196,039 7,212
Net Assets 437,770 388,400 317,254
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 437,770 388,400 317,254
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2022 31-May-2021 31-May-2020
Tangible Fixed Assets - - -
Fixed Assets 2.4% 3.2% 5.2%
Stocks Inventory - - -
Debtors 81.4% 88.4% 85.5%
Cash Bank In Hand 8.5% 2.1% 2.0%
Current Assets 97.6% 96.8% 94.8%
Creditors Due Within One Year 68.5% 64.1% 73.4%
Net Current Assets Liabilities 29.1% 32.7% 21.4%
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 23.2% 23.9% 26.0%
Capital Employed - - -
Total Assets Less Current Liabilities 31.5% 35.9% 26.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2022 31-May-2021 31-May-2020
Liquidity Ratio 1.4 1.5 1.3
Solvency Ratio 1.3 1.3 1.4
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 7
Mortgages Outstanding 4
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2022 31-May-2021 31-May-2020
Assets 1,886,866 1,627,316 1,218,654
Debt 1,449,096 1,238,916 901,400
Net Assets/Debt 437,770 388,400 317,254
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. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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. Information provided by Companies House shows In Administration.

Unlock 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. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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. Information provided by Companies House shows In Administration.  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. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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. Information provided by Companies House shows In Administration.

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
Administrator's progress report
Administrator's progress report
Notice of extension of period of Administration
Administrator's progress report
Administrator's progress report
Notice of extension of period of Administration
Administrator's progress report
Notice of deemed approval of proposals
Statement of administrator's proposal
Registered office address changed from 379 Princesway Team Valley Trading Estate Gateshead NE11 0TU England to Suite 5 2nd Floor Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS on 23 August 2023
Appointment of an administrator
Satisfaction of charge 071248550002 in full
Confirmation statement made on 13 January 2023 with no updates
Previous accounting period shortened from 31 March 2023 to 31 May 2022
Termination of appointment of Anita Geraldine Burdon as a director on 28 March 2022
Confirmation statement made on 13 January 2022 with updates
Change of details for Maymask (230) Limited as a person with significant control on 20 January 2021
Confirmation statement made on 13 January 2021 with no updates
Appointment of Dr Peter Gulliford as a director on 6 July 2020
Termination of appointment of Mark David Burdon as a director on 28 May 2020
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