ADVANCE PHARMACIES LTD
Company number 03631732 · Monitor this company
Executive summary
Advance Pharmacies Ltd has undergone a drastic restructuring, disposing of all tangible fixed assets and a majority of its goodwill, which converted the business into a highly liquid but asset-poor entity. While cash reserves surged to over £1.3 million, long-term liabilities nearly doubled to £1.75 million, and net equity plummeted by roughly 78%, indicating significant value destruction or write-downs during the asset disposals. The company's immediate survival is not in question due to its cash position, but its long-term viability depends on managing the escalating long-term debt and defining a clear operational strategy for the future.
Shareholders' funds
£88,809
Balance sheet as at 2025-11-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 1998-09-15
- Employees
- 7 (2025 accounts · was 17 in 2024)
- Registered office
- 188 Lichfield Road, Rushall, Walsall, England, WS4 1ED
- Postcode
- WS4 1ED
- Capital
- 200 GBP
- Accounts category
- Total Exemption Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2025-11-30
- Next due by
- 2027-08-31
- Financial year end
- 30 November
Confirmation statement
- Last statement dated
- 2026-05-13
- Next due by
- 2027-05-27
Nature of business (SIC)
- 86900 Other human health activities
Officers 2 current · 9 resigned
Data protection registration
Registered with the ICO as a data protection fee payer — ZB896560 (Tier 2), registered since 2025.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Previous registered addresses 5
| Address | Changed on |
|---|---|
| AQUEDUCT PHARMACY, MAJESTIC WAY AQUEDUCT, TELFORD, SHROPSHIRE, TF4 3RB | 2018-01-08 |
| 197 PARGETER STREET, WALSALL, WEST MIDLANDS WS2 8QR | 2007-08-24 |
| 100A MILKING BANK, DUDLEY, WEST MIDLANDS DY1 2TY | 2006-04-05 |
| 51 DUDLEY ROAD, BLACKHEATH, WARLEY, WEST MIDLANDS B65 8JH | 2000-04-19 |
| 51 DUDLEY ROAD, BLACKHEATH, WARLEY, WEST MIDLANDS B65 8JH | 1998-10-09 |
Among its peers
Top 25%
by shareholders' funds, of 360 similar companies in WS
Among the biggest employers among its local peers (7 staff).
Among the oldest 25% of its local peers, trading since 1998.
Competitors Walsall
This company ranks 37 among other human health activities in Walsall.
The class of 1998
46%
of the 412 companies in this sector incorporated in 1998 are still active today; 52% have since been dissolved.
A fact about the year, not a forecast for this company.