RUA LIFE SCIENCES PLC

C/O DAVIDSON CHALMERS STEWART LLP, 163, BATH STREET, GLASGOW, G2 4SQ

Previous name: AORTECH INTERNATIONAL PLC (changed on 16-Jun-2020)

Company Number: SC170071
Incorporation date: 21-Nov-1996
Status: Active
Entity type: Public Limited Company

SIC codes:
32500 Manufacture of medical and dental instruments and supplies





SUMMARY

This company is 27.4 years old and is currently active. The company has positive equity (net assets) of GBP 2.3 million which has decreased from the previous year's figure of GBP 3 million. The latest reported revenue figure is GBP 489 thousand which is up 10% on previous year's figure of GBP 463 thousand. Retained earnings is negative (GBP -13 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 6 active officers (directors or partners) who are or were officers of 32 other companies, 7 (21.9%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: GROUP (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2020 GBP 489,000 -941,000 44,000
31-Mar-2019 GBP 463,000 -625,000 22,000
31-Mar-2018 USD 538,000 -383,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2020 GBP 1,976,000 2,234,000 219,000 12,574,000 4,550,000 -13,024,000 2,275,000
31-Mar-2019 GBP 2,412,000 2,650,000 12,574,000 4,550,000 -42,208,000 3,000,000
31-Mar-2018 USD 591,000 779,000 95,000 16,979,000 3,502,000 -23,289,000 1,421,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2019 GBP -35.03% -3,357,000 12,939,501 9,582,501 9,759,501
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Lachlan Arthur SMITH 01 Nov 2023 29 Mar 2024 1 - 0
Resigned Kathryn Mary FULL 02 Jan 2019 01 Nov 2023 0 - 1
Resigned John Christopher David PARSONS 01 Dec 2004 02 Jan 2019 Chartered Secretary British 3 - 31
Resigned Ian George CAMERON 19 Oct 1998 01 Dec 2004 0 - 24
Resigned Edward MCDAID 26 Aug 1998 19 Oct 1998 4 - 29
Resigned Stuart LAWRIE 21 Jan 1997 26 Aug 1998 0 - 3

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Lachlan Arthur SMITH 31 Mar 2022 Director Scottish 1 - 10 (0.0%)
Resigned Iain Crawford ANTHONY 31 Mar 2022 30 Aug 2023 Director British 0 - 60 (0.0%)
Resigned Caroline STRETTON 18 Jan 2021 26 Jan 2024 Director British 0 - 111 (9.1%)
Active Ian Leslie ARDILL 18 Jan 2021 Director Northern Irish 2 - 122 (14.3%)
Active John Louis ELY 08 Jun 2018 Director American 1 - 00 (0.0%)
Active Geoffrey Alan BERG 08 Jun 2018 Director British 1 - 10 (0.0%)
Resigned David Muir RICHMOND 08 Jun 2018 31 Aug 2021 Director British 1 - 165 (29.4%)
Active John MCKENNA 31 Oct 2016 Director British 5 - 31 (12.5%)
Resigned Roy Walter MITCHELL 23 May 2013 31 May 2015 Investor British 0 - 30 (0.0%)
Active William Donald BROWN 21 Oct 2011 Company Director British 4 - 178 (38.1%)
Resigned James Gordon WRIGHT 14 Nov 2005 10 Dec 2020 Company Director British 0 - 42 (50.0%)
Resigned Edward MCDAID 14 Nov 2005 31 Oct 2016 Director British 4 - 297 (21.2%)
Resigned Stuart Bernard, Doctor ROLLASON 13 May 2005 21 Oct 2011 Fund Manager British 0 - 103 (30.0%)
Resigned Peter Jeremy GIBSON 01 Mar 2004 12 May 2005 Management Consultancy British 0 - 199 (47.4%)
Resigned Jon Peter PITHER 01 Mar 2004 31 Dec 2012 Company Director British 1 - 5733 (56.9%)
Resigned Francis Patrick MAGUIRE 01 Jul 2003 30 Nov 2013 Ceo American 0 - 40 (0.0%)
Resigned Laurence ROSTRON 20 Nov 2002 12 May 2005 Venture Capital Adviser British 0 - 136 (46.2%)
Resigned Jonathan BROOKS 12 Feb 2001 01 Mar 2004 Finance Director British 0 - 3013 (43.3%)
Resigned Ian George CAMERON 08 Mar 1999 20 Dec 2004 Chartered Accountant British 0 - 2411 (45.8%)
Resigned Alistair William GRAY 16 May 1997 11 Aug 2003 Management Consultant British 5 - 179 (40.9%)
Resigned Archibald Bernard ROBERTSON 21 Jan 1997 30 Apr 1997 Non Executive Director British 2 - 86 (60.0%)
Resigned John MCKENNA 21 Jan 1997 01 Jul 2002 Sales Director British 5 - 31 (12.5%)
Resigned Francis John Philip MADDEN 21 Jan 1997 20 Nov 2002 Lawyer/Banker British 0 - 2316 (69.6%)
Resigned Edward MCDAID 21 Jan 1997 19 Oct 1998 Chartered Accountant British 4 - 297 (21.2%)
Resigned James Gordon WRIGHT 21 Jan 1997 04 Mar 2002 Director British 0 - 104 (40.0%)
Number of active directors: 6
Average tenure of active directors: 6.1 years
Average tenure of resigned directors: 5.2 years
Average active director Dissolution Rate: 10.8%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
F&C EQUITY PARTNERS PLC (01659209) - Active
BLUEHONE VENTURES LIMITED (01910004) - Active
BLUEHONE PARTNER LIMITED (02224079) - Dissolved
BLUEHONE VENTURES NOMINEES LIMITED (02235581) - Dissolved
BLUEHONE GENERAL PARTNER (DCP) LIMITED (02235602) - Dissolved
CAMBRIDGE SENSORS LTD (02668392) - Active
BIOCOMPATIBLES INTERNATIONAL LIMITED (02703724) - Active
LOMBARD MEDICAL LIMITED (02998639) - Active
POLYBIOMED LIMITED (03283135) - Active
LANDROUND PLC (03372127) - Dissolved
TARGET DEALING COMPANY LIMITED (03589949) - Dissolved
LIONMEDICAL LIMITED (03950383) - Active
BIOCOMPATIBLES UK LIMITED (04305025) - Active
WB (NO.1) LIMITED (04312760) - Active
IMPAX ENVIRONMENTAL MARKETS PLC (04348393) - Active
LOMBARD MEDICAL TECHNOLOGIES LIMITED (04636949) - Active
BLUEHONE LIMITED (05194420) - Active
DIURNAL LIMITED (05237326) - Active
INVESTMENTS WEST MIDLANDS PLC (05455923) - Active
CORTECH CARDIO LIMITED (09739210) - Active
DIURNAL GROUP LIMITED (09846650) - Active
CAUSEWAY FINANCE ASSOCIATES LIMITED (10938206) - Liquidation
EXIM LEADTECH LTD (14268329) - Active - Proposal to Strike off
RUA BIOMATERIALS LIMITED (SC111794) - Active
RUA LIFE SCIENCES PLC (SC170071) - Active
KOEHLER MEDICAL LIMITED (SC236524) - Dissolved
LOMBARD MEDICAL (SCOTLAND) LTD (SC270178) - Active
RUA MEDICAL DEVICES LIMITED (SC398109) - Active
RUA STRUCTURAL HEART LIMITED (SC412895) - Active
SILVER CLOUD SMARTER TECHNOLOGY LTD (SC425978) - Active
RUA VASCULAR LIMITED (SC518323) - Active
JOHN MCKENNA 1953 LIMITED (SC519061) - Active
BERG MEDICAL LTD (SC565832) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2017-11-212016-11-212015-11-212014-11-212013-11-21
THOSE WITH LESS THAN 5%DEFERRED2,918,920
28.1%
2,918,920
28.1%
2,918,920
30.2%
0
0%
0
0%
THOSE WITH SHARES LESS THAN 5%ORDINARY2,889,751
27.8%
3,292,256
31.7%
2,918,920
30.2%
2,913,530
60.3%
2,913,530
60.3%
RICHARD GRIFFITHSDEFERRED632,563
6.09%
632,563
6.09%
632,563
6.54%
0
0%
0
0%
EDWARD MCDAIDORDINARY556,842
5.36%
406,842
3.92%
358,914
3.71%
358,914
7.43%
358,914
7.43%
RICHARD GRIFFITHSORDINARY507,294
4.88%
812,294
7.82%
632,563
6.54%
0
0%
0
0%
HALIFAX SHARE DEALINGORDINARY371,417
3.57%
0
0%
0
0%
0
0%
0
0%
CHARLES STANLEYORDINARY368,705
3.55%
0
0%
0
0%
0
0%
0
0%
ROY MITCHELLDEFERRED360,163
3.47%
360,163
3.47%
360,163
3.73%
0
0%
0
0%
EDWARD MCDAIDDEFERRED358,914
3.45%
358,914
3.45%
358,914
3.71%
0
0%
0
0%
CARICATURE INVESTMENTS LIMITEDORDINARY308,311
2.97%
308,311
2.97%
308,311
3.19%
308,311
6.38%
308,311
6.38%
CARICATURE INVESTMENTS LIMITEDDEFERRED308,311
2.97%
308,311
2.97%
308,311
3.19%
0
0%
0
0%
JAMES EDE-GOLIGHTLYORDINARY280,956
2.70%
0
0%
0
0%
0
0%
0
0%
ROY MITCHELLORDINARY274,419
2.64%
420,073
4.04%
360,163
3.73%
360,162
7.45%
360,162
7.45%
CLIVE TITCOMBDEFERRED253,907
2.44%
253,907
2.44%
253,907
2.63%
0
0%
0
0%
CLIVE TITCOMBORDINARY0
0%
317,919
3.06%
253,907
2.63%
0
0%
0
0%
BLUEHONE INVESTORS LLPORDINARY0
0%
0
0%
0
0%
891,861
18.5%
891,861
18.5%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



no controlling companies

RUA LIFE SCIENCES PLC

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


Title Date filed Status Publication number
Valve 2004-03-22 Granted GB2407146

COMPETITORS

(Based on Sic code: 32500 Manufacture of medical and dental instruments and supplies)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
JOHNSON & JOHNSON MEDICAL LIMITED BAIRD HOUSE, 4, LOWER GILMORE BANK, EDINBURGH, SCOTLAND, EH3 9QP SC132162 2017-12-31 581,851,000 16,600,000
ELEKTA LIMITED LINAC HOUSE, FLEMING WAY, CRAWLEY, WEST SUSSEX, RH10 9RR 03244454 2018-04-30 471,232,000 28,014,000
MEDTRONIC LIMITED BUILDING 9 CROXLEY PARK, HATTERS LANE, WATFORD, HERTFORDSHIRE, ENGLAND, WD18 8WW 01070807 2017-04-28 460,844,000 -25,726,000 86900-Other human health activities
SIEMENS HEALTHCARE LIMITED PARK VIEW, WATCHMOOR PARK, CAMBERLEY, SURREY, UNITED KINGDOM, GU15 3YL 09567186 2018-09-30 444,930,000 24,382,000
BECTON, DICKINSON U.K. LIMITED 1030 ESKDALE ROAD, WINNERSH TRIANGLE, WOKINGHAM, BERKSHIRE, ENGLAND, RG41 5TS 00852702 2017-09-30 300,494,000 8,700,000
CAREFUSION U.K. 306 LIMITED 1030 ESKDALE ROAD, WINNERSH TRIANGLE, WOKINGHAM, BERKSHIRE, ENGLAND, RG41 5TS 05475372 2018-06-30 223,479,955 37,368,135
COOPERVISION MANUFACTURING LIMITED DELTA PARK, CONCORDE WAY, SEGENSWORTH NORTH, FAREHAM, HAMPSHIRE, PO15 5RL 02737396 2017-10-31 187,856,000 12,954,000 46900-Non-specialised wholesale trade
INTERSURGICAL LIMITED CRANE HOUSE, MOLLY MILLARS LANE, WOKINGHAM,BERKSHIRE, RG41 2RZ 01488409 2017-12-31 184,840,294 18,146,297
CONVATEC LIMITED GDC FIRST AVENUE, DEESIDE INDUSTRIAL PARK, DEESIDE, FLINTSHIRE, CH5 2NU 01309639 2017-12-31 167,139,000 41,127,000
CORIN ORTHOPAEDICS HOLDINGS LIMITED THE CORINIUM CENTRE, LOVE LANE INDUSTRIAL ESTATE, CIRENCESTER, GLOUCESTERSHIRE, GL7 1YJ 08138559 2017-12-31 105,729,000 4,554,000
SIEMENS HEALTHCARE DIAGNOSTICS MANUFACTURING LTD PARK VIEW, WATCHMOOR PARK, CAMBERLEY, SURREY, UNITED KINGDOM, GU15 3YL 01915763 2018-09-30 87,817,000 4,687,000
OWEN MUMFORD LIMITED OWEN MUMFORD LIMITED, BROOK HILL, WOODSTOCK, OXFORDSHIRE, OX20 1TU 01257871 2017-09-30 87,611,181 71,870,415
ABBOTT DIABETES CARE LIMITED WINDRUSH PARK, RANGE ROAD, WITNEY, OXON, OX29 0YL 02548046 2017-12-31 72,785,000 -54,025,000
BBGR LIMITED NARROW QUAY HOUSE, NARROW QUAY, BRISTOL, ENGLAND, BS1 4QA 03986153 2017-12-31 71,970,000 2,092,000
BECTON DICKINSON INFUSION THERAPY UK 1030 ESKDALE ROAD, WINNERSH TRIANGLE, WOKINGHAM, BERKSHIRE, ENGLAND, RG41 5TS 00536128 2017-09-30 69,344,000 10,846,000
VASCUTEK LIMITED NEWMAINS AVENUE, INCHINNAN, RENFREWSHIRE, PA4 9RR SC079773 2018-03-31 67,793,000 8,755,000
THERMO SHANDON LIMITED MANOR PARK, TUDOR ROAD, RUNCORN, CHESHIRE, ENGLAND, WA7 1TA 00330973 2017-12-31 56,804,000 11,945,000
CARL ZEISS VISION UK LIMITED 22 GAS STREET, BIRMINGHAM, B1 2JT 02838963 2018-09-30 49,903,000 4,928,000 46900-Non-specialised wholesale trade
CORIN LIMITED UNIT 1 CORINIUM CENTRE, LOVE LANE INDUSTRIAL ESTATE, CIRENCESTER, UNITED KINGDOM, GL7 1YJ 01910453 2017-12-31 45,744,000 -1,270,000
DEPUY INTERNATIONAL LIMITED ST ANTHONYS ROAD, BEESTON, LEEDS WEST YORKSHIRE, LS11 8DT 03319712 2017-12-31 33,055,000 5,964,000 46900-Non-specialised wholesale trade
70100-Activities of head offices
86900-Other human health activities
SWANN-MORTON LIMITED OWLERTON GREEN, SHEFFIELD, S6 2BJ 00696744 2018-09-30 26,995,896 5,273,012
TALLEY GROUP LIMITED 6-10 WITHEY COURT, WESTERN INDUSTRIAL ESTATE, CAERPHILLY, MID GLAMORGAN, WALES, CF83 1BF 00520386 2017-12-31 17,809,050 0
S.L.E. LIMITED COMMERCE PARK, COMMERCE WAY, CROYDON, ENGLAND, CR0 4YL 01649988 2017-07-31 14,002,541 0
PRECISION PARTS UK LIMITED CORNER HOUSE, 28 HUDDERSFIELD ROAD, MILNROW, LANCASHIRE, UNITED KINGDOM, OL16 3QF 05058855 2018-03-31 12,207,512 0
PROMEDICS ORTHOPAEDICS LIMITED EASTCASTLE HOUSE, 27/28 EASTCASTLE STREET, LONDON, UNITED KINGDOM, W1W 8DH 06455477 2018-03-31 12,160,918 0
RIVERSIDE MEDICAL PACKAGING COMPANY LIMITED RIVERSIDE MEDICAL PACK CO LTD, NEWMARKET DRIVE, DERBY, DERBYSHIRE, DE24 8SW 01430113 2016-12-31 10,117,865 0
BREAS MEDICAL LIMITED BARCLAYS BANK CHAMBERS, BRIDGE STREET, STRATFORD-UPON-AVON, WARWICKSHIRE, CV37 6AH 07190611 2017-12-31 8,622,258 0
GUYMARK UK LIMITED VERONICA HOUSE, OLD BUSH STREET, BRIERLEY HILL, WEST MIDLANDS, DY5 1UB 03934847 2017-12-31 1,993,613 0 47749-Retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) not elsewhere classified
MERCADO MEDIC UK LIMITED INNOVATION CENTRE, GALLOWS HILL, WARWICK, ENGLAND, CV34 6UW 06448822 2017-12-31 253,895 0
STERLING STERILISERS LTD WENTA BUSINESS CENTRE, COLNE WAY, WATFORD, HERTFORDSHIRE, WD24 7ND 06446747 2018-12-31 253,715 0
KIARA LIMITED 97 FEATHERSTONE GROVE, GOSFORTH, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 5RF 04869844 2017-08-31 143,951 0
VASCULAR FLOW TECHNOLOGIES LIMITED PROSPECT BUSINESS CENTRE, GEMINI CRESCENT, DUNDEE, SCOTLAND, DD2 1TY SC190078 2017-12-31 126,444 0
ONBONE LTD 10 WITNEY WAY, BOLDON BUSINESS PARK, BOLDON COLLIERY, ENGLAND, NE35 9PE 09868013 2017-12-31 109,030 0
ASTRIC MEDICAL LIMITED 81 HIGH STREET, WORTHING, WEST SUSSEX, ENGLAND, BN11 1DN 07184648 2018-03-31 70,200 0
ONLYDENT LTD 21 CRANLEIGH GARDENS, KINGSTON UPON THAMES, KT2 5TX 08437344 2018-03-31 14,608 0
COLOPLAST MEDICAL LIMITED NENE HALL LYNCHWOOD PARK, PETERBOROUGH BUSINESS PARK, PETERBOROUGH, CAMBRIDGESHIRE, PE2 6FX 04318120 2017-09-30 14,238 14,238
RIPPLEFFECT MEDICAL LTD 20 HIGH ST HIGH STREET, CLAVERHAM, BRISTOL, ENGLAND, BS49 4NB 09296924 2018-11-30 7,176 0
DENTRON LIMITED THE LINDENS, SPA ROAD, LLANDRINDOD WELLS, WALES, LD1 5EQ 02407655 2019-07-31 2,494 0 58110-Book publishing
59200-Sound recording and music publishing activities
90030-Artistic creation
B&C CERAMICS LTD UNIT 1, 152 MILLBROOK ROAD EAST, SOUTHAMPTON, ENGLAND, SO15 1JR 07562680 2019-03-31 0 0
GALLOPS EQUIPMENT MANUFACTURERS LIMITED 20 HAVELOCK ROAD, HASTINGS, EAST SUSSEX, TN34 1BP 07292168 2018-06-30 0 0
LAMBERT SURGICAL DEVELOPMENTS LTD. CAMBRAI COURT 1229 STRATFORD ROAD, HALL GREEN, BIRMINGHAM, B28 9AA 05209830 2017-12-31 0 0
CONSORT MEDICAL PLC BERGEN WAY, NORTH LYNN INDUSTRIAL ESTATE, KING'S LYNN, NORFOLK, ENGLAND, PE30 2JJ 00406711 0000-00-00 0 0 70100-Activities of head offices
CORIN HOLDINGS LIMITED THE CORINIUM CENTRE, CIRENCESTER, GLOUCESTERSHIRE, GL7 1YJ 02879951 0000-00-00 0 0
HOLLISTER EUROPE LIMITED BUILDING 1010 WINNERSH TRIANGLE BUSINESS PARK, ESKDALE ROAD, WOKINGHAM, ENGLAND, RG41 5TS 02403481 0000-00-00 0 0
HQ DENTAL LABORATORY LIMITED SWALLOW HOUSE 349 TONG ROAD, WORTLEY, LEEDS, WEST YORKSHIRE, LS12 4QG 08405161 0000-00-00 0 0
SONOVA UK LIMITED SONOVA HOUSE LAKESIDE DRIVE, CENTRE PARK, WARRINGTON, WA1 1RX 03417253 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
RUA LIFE SCIENCES PLC 0.9% 3.6% 7.1% Medium
Other companies Active in the same sector 0.4% 2.8% 5.0% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 1.7% 4.0% 5.9% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium

VALUATION (BETA)




Valuation ratios as at 2024-02-28


Market Cap GBP Enterprise Value GBP PE EV/Revenue EV/EBITDA
RUA LIFE SCIENCES PLC 6,210,000 21,555,600 25.8 -19.9
Pharmaceuticals Biotechnology and Marijuana Production
( 50 companies)
234,298,520,000 270,471,569,110 24.6
(median)
3.6
(median)
8.6
(median)
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