A new Company, ERHIT Limited was formed in August 2011 to pursue new trading opportunities unconnected to existing contracts which constitute the basis of trade of MEDICAL DATA SOLUTIONS AND SERVICES LTD.
ERHIT Limited is owned and controlled by Dr Robert Hollingsworth and Dr Emma Hollingsworth and is therefore an associated Company.
The expense base of the combined entities is focused within MEDICAL DATA SOLUTIONS AND SERVICES LTD. An equable allocation of expenses and division of profits between each company is achieved by means of contract charges levied on ERHIT Limited by MEDICAL DATA SOLUTIONS AND SERVICES LTD.
Contract charges levied on ERHIT Limited as adjusted for opening and closing accruals and included in turnover were as follows: £599,000 (2023 £464,000)
Amount due from ERHIT Limited included in trade debtors £705,633 (2022 £372,599)
Contract charges for the year ended 28 February 2024 totalling £484,000 (2023 £464,000) excluding VAT were invoiced by MEDICAL DATA SOLUTIONS AND SERVICES LTD. in two equal instalments on 1 September 2023 and on 1 March 2024. The second instalment of £242,000 is included in work in progress.
A further accrual of £115,000 for wages and direct costs for the year ended 28 February 2024 has been incorporated and follows a review of total wages paid by MEDICAL DATA SOLUTIONS AND SERVICES LTD. in the year.
In addition to the above, this year wages and other direct costs include a sum of £135,010 to equate to the amounts billed to ERHIT Limited in the year for support of the International Burn Injury Database, formerly invoiced through MEDICAL DATA SOLUTIONS AND SERVICES LTD.