ascent healthcare limited
ascent healthcare limited Company Information
Company Number
10311966
Website
-Registered Address
2nd floor 9 portland street, manchester, M1 3BE
Industry
Dispensing chemist in specialised stores
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
ascent holding group limited 90%
rukhsana nazir 5%
View Allascent healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of ASCENT HEALTHCARE LIMITED at £5.8m based on a Turnover of £16.5m and 0.35x industry multiple (adjusted for size and gross margin).
ascent healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of ASCENT HEALTHCARE LIMITED at £4.4m based on an EBITDA of £899.3k and a 4.85x industry multiple (adjusted for size and gross margin).
ascent healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of ASCENT HEALTHCARE LIMITED at £8.2m based on Net Assets of £3.6m and 2.27x industry multiple (adjusted for liquidity).
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Ascent Healthcare Limited Overview
Ascent Healthcare Limited is a live company located in manchester, M1 3BE with a Companies House number of 10311966. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in August 2016, it's largest shareholder is ascent holding group limited with a 90% stake. Ascent Healthcare Limited is a young, mid sized company, Pomanda has estimated its turnover at £16.5m with rapid growth in recent years.
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Ascent Healthcare Limited Health Check
Pomanda's financial health check has awarded Ascent Healthcare Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £16.5m, make it larger than the average company (£11.3m)
- Ascent Healthcare Limited
£11.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 61%, show it is growing at a faster rate (5.2%)
- Ascent Healthcare Limited
5.2% - Industry AVG
Production
with a gross margin of 32.3%, this company has a comparable cost of product (32.3%)
- Ascent Healthcare Limited
32.3% - Industry AVG
Profitability
an operating margin of 5% make it as profitable than the average company (4.7%)
- Ascent Healthcare Limited
4.7% - Industry AVG
Employees
with 47 employees, this is below the industry average (85)
47 - Ascent Healthcare Limited
85 - Industry AVG
Pay Structure
on an average salary of £21.8k, the company has an equivalent pay structure (£21.8k)
- Ascent Healthcare Limited
£21.8k - Industry AVG
Efficiency
resulting in sales per employee of £351.9k, this is more efficient (£129.5k)
- Ascent Healthcare Limited
£129.5k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is later than average (30 days)
- Ascent Healthcare Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 193 days, this is slower than average (70 days)
- Ascent Healthcare Limited
70 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (31 days)
- Ascent Healthcare Limited
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 55 weeks, this is more cash available to meet short term requirements (17 weeks)
55 weeks - Ascent Healthcare Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.9%, this is a similar level of debt than the average (64.8%)
62.9% - Ascent Healthcare Limited
64.8% - Industry AVG
ascent healthcare limited Credit Report and Business Information
Ascent Healthcare Limited Competitor Analysis
Perform a competitor analysis for ascent healthcare limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ascent healthcare limited Ownership
ASCENT HEALTHCARE LIMITED group structure
Ascent Healthcare Limited has no subsidiary companies.
Ultimate parent company
ASCENT HEALTHCARE LIMITED
10311966
ascent healthcare limited directors
Ascent Healthcare Limited currently has 2 directors. The longest serving directors include Mr Qammar Nazir (Aug 2016) and Mr Ammar Nazir (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Qammar Nazir | England | 40 years | Aug 2016 | - | Director |
| Mr Ammar Nazir | England | 44 years | Feb 2018 | - | Director |
ASCENT HEALTHCARE LIMITED financials
Ascent Healthcare Limited's latest turnover from January 2023 is estimated at £16.5 million and the company has net assets of £3.6 million. According to their latest financial statements, Ascent Healthcare Limited has 47 employees and maintains cash reserves of £6.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 47 | 41 | 19 | 16 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 69,987 | 78,561 | 81,831 | 92,561 | 96,944 | 17,410 |
| Intangible Assets | 440,500 | 499,412 | 245,723 | 156,054 | 17,110 | 0 |
| Investments & Other | 50 | 50 | 50 | 50 | 50 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 510,537 | 578,023 | 327,604 | 248,665 | 114,104 | 17,410 |
| Stock & work in progress | 193,330 | 154,617 | 143,797 | 95,390 | 30,819 | 0 |
| Trade Debtors | 2,679,206 | 4,414,181 | 1,313,314 | 889,115 | 582,118 | 310,399 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 6,346,485 | 2,878,800 | 585,802 | 343,374 | 62,812 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,219,021 | 7,447,598 | 2,042,913 | 1,327,879 | 675,749 | 310,399 |
| total assets | 9,729,558 | 8,025,621 | 2,370,517 | 1,576,544 | 789,853 | 327,809 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,928,564 | 4,679,131 | 1,438,498 | 907,796 | 334,168 | 249,416 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 5,928,564 | 4,679,131 | 1,438,498 | 907,796 | 334,168 | 249,416 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 190,850 | 531,791 | 221,428 | 374,357 | 200,543 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 190,850 | 531,791 | 221,428 | 374,357 | 200,543 | 0 |
| total liabilities | 6,119,414 | 5,210,922 | 1,659,926 | 1,282,153 | 534,711 | 249,416 |
| net assets | 3,610,144 | 2,814,699 | 710,591 | 294,391 | 255,142 | 78,393 |
| total shareholders funds | 3,610,144 | 2,814,699 | 710,591 | 294,391 | 255,142 | 78,393 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 19,773 | 20,994 | 17,796 | 17,684 | 7,459 | |
| Amortisation | 58,914 | 58,915 | 27,653 | 17,485 | 1,314 | |
| Tax | ||||||
| Stock | 38,713 | 10,820 | 48,407 | 64,571 | 30,819 | 0 |
| Debtors | -1,734,975 | 3,100,867 | 424,199 | 306,997 | 271,719 | 310,399 |
| Creditors | 1,249,433 | 3,240,633 | 530,702 | 573,628 | 84,752 | 249,416 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 50 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -340,941 | 310,363 | -152,929 | 173,814 | 200,543 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 3,467,685 | 2,292,998 | 242,428 | 280,562 | 62,812 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,467,685 | 2,292,998 | 242,428 | 280,562 | 62,812 | 0 |
P&L
January 2023turnover
16.5m
-19%
operating profit
820.6k
0%
gross margin
32.3%
-0.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
3.6m
+0.28%
total assets
9.7m
+0.21%
cash
6.3m
+1.2%
net assets
Total assets minus all liabilities
Similar Companies
ascent healthcare limited company details
company number
10311966
Type
Private limited with Share Capital
industry
47730 - Dispensing chemist in specialised stores
incorporation date
August 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
2nd floor 9 portland street, manchester, M1 3BE
last accounts submitted
January 2023
ascent healthcare limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to ascent healthcare limited. Currently there are 1 open charges and 0 have been satisfied in the past.
ascent healthcare limited Companies House Filings - See Documents
| date | description | view/download |
|---|
