Priority Care Nursing Limited

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priority care nursing limited Company Information

Live

MatureSmallLow

Company Number

SC154036

Website

www.priority-care.co.uk

Registered Address

priority house 23 roseangle, dundee, DD1 4LS

Industry

Residential care activities for the elderly and disabled

Telephone

01382631010

Next Accounts Due

March 2025

Group Structure

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Directors

Veronica Gibson18 Years

Andrew Prior17 Years

View All

Shareholders

priority care group ltd 100%

priority care nursing limited Estimated Valuation

£11.1m

Pomanda estimates the enterprise value of PRIORITY CARE NURSING LIMITED at £11.1m based on Net Assets of £3.8m and 2.91x industry multiple (adjusted for liquidity).

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Priority Care Nursing Limited is a live company located in dundee, DD1 4LS with a Companies House number of SC154036. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in November 1994, it's largest shareholder is priority care group ltd with a 100% stake. Priority Care Nursing Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with low growth in recent years.

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Pomanda's financial health check has awarded Priority Care Nursing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £3.8m, make it in line with the average company (£3.2m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRIORITY CARE NURSING LIMITED group structure

Priority Care Nursing Limited has no subsidiary companies.

Ultimate parent company

PRIORITY CARE GROUP LIMITED

SC188546

1 parent

PRIORITY CARE NURSING LIMITED

SC154036

PRIORITY CARE NURSING LIMITED Shareholders

priority care group ltd

100%

Priority Care Nursing Limited currently has 3 directors. The longest serving directors include Mrs Veronica Gibson (Dec 2005) and Mr Andrew Prior (Aug 2006).

officer	country	age	start	end	role
Mrs Veronica Gibson	United Kingdom	54 years	Dec 2005	-	Director
Mr Andrew Prior	Scotland	42 years	Aug 2006	-	Director
Mr Harry Locherty	Scotland	52 years	Apr 2011	-	Director

EXPORT

Priority Care Nursing Limited's latest turnover from June 2023 is estimated at £3.8 million and the company has net assets of £3.8 million. According to their latest financial statements, Priority Care Nursing Limited has 108 employees and maintains cash reserves of £228 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	3,777,284	4,393,773	4,019,853	3,486,859	3,550,783	3,949,937	4,022,944	3,397,637	3,267,543	7,362,012	6,155,718	7,031,668	2,299,232	2,343,066
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,348,257	2,731,202	2,555,348	2,175,010	2,170,409	2,405,097	2,428,988	2,071,774	1,954,022	4,301,719	3,574,046	4,089,409	1,492,961	1,513,164
Gross Profit	1,429,026	1,662,571	1,464,505	1,311,848	1,380,374	1,544,841	1,593,956	1,325,863	1,313,520	3,060,293	2,581,672	2,942,258	806,271	829,902
Admin Expenses	1,240,078	1,380,334	873,935	968,426	1,115,343	1,016,401	1,540,529	1,214,249	1,146,420	2,729,229	2,244,858	3,198,535	507,836	478,970
Operating Profit	188,948	282,237	590,570	343,422	265,031	528,440	53,427	111,614	167,100	331,064	336,814	-256,277	298,435	350,932
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	431	130,611	201,738
Interest Receivable	7,698	998	61	97	925	436	161	501	583	459	347	97	0	0
Pre-Tax Profit	196,647	283,235	590,631	343,519	265,956	528,877	53,589	112,115	167,683	331,523	337,161	-256,611	75,144	149,194
Tax	-49,162	-53,815	-112,220	-65,269	-50,532	-100,487	-10,182	-22,423	-33,536	-69,620	-77,547	0	-6,486	-37,882
Profit After Tax	147,485	229,420	478,411	278,250	215,424	428,390	43,407	89,692	134,146	261,903	259,614	-256,611	68,658	111,312
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	1,800,000
Retained Profit	147,485	229,420	478,411	278,250	215,424	428,390	43,407	89,692	134,146	261,903	259,614	-256,611	68,658	-1,688,688
Employee Costs	2,443,976	2,278,286	2,151,626	1,969,645	1,895,345	1,839,875	1,785,425	1,565,019	1,678,566	4,175,840	3,576,790	4,030,510	1,351,026	1,408,662
Number Of Employees	108	108	108	103	103	107	108	99	109	281	239	279	124	124
EBITDA*	328,686	380,406	675,205	440,349	378,083	643,048	161,350	215,705	266,840	424,011	417,205	-177,577	368,830	401,515

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,690,194	1,563,780	1,537,558	1,584,834	1,614,624	1,366,093	1,247,551	1,300,667	1,346,773	1,289,636	1,448,609	1,302,226	1,958,239	1,979,972
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	285,000	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,690,194	1,563,780	1,537,558	1,584,834	1,614,624	1,366,093	1,247,551	1,300,667	1,346,773	1,289,636	1,448,609	1,587,226	1,958,239	1,979,972
Stock & work in progress	1,150	1,150	1,150	1,677	1,677	1,677	1,677	1,677	1,677	1,677	1,078	1,078	1,078	1,057
Trade Debtors	239,276	337,000	293,301	297,126	295,057	319,000	334,733	313,029	227,816	415,355	271,313	222,361	157,051	148,041
Group Debtors	1,999,416	2,068,762	1,829,510	1,202,263	625,520	417,717	193,045	125,625	74,422	0	0	0	169,220	3,474,328
Misc Debtors	66,766	53,755	102,204	203,319	347,434	365,710	269,039	265,545	187,490	44,237	64,203	0	21,574	338,061
Cash	228,029	79,905	79,742	42,715	150,364	96,220	78,334	50,836	149,642	83,380	100,295	38,689	128	296
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,534,637	2,540,572	2,305,907	1,747,100	1,420,052	1,200,324	876,828	756,712	641,047	544,649	436,889	262,128	349,051	3,961,783
total assets	4,224,831	4,104,352	3,843,465	3,331,934	3,034,676	2,566,417	2,124,379	2,057,379	1,987,820	1,834,285	1,885,498	1,849,354	2,307,290	5,941,755
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	13,269	263,554
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	130,786	166,977	126,096	38,970	78,190	77,503	80,247	70,581	83,111	262,212	423,474	603,098	48,756	46,588
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	629,361	121,828
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	10,572	0
other current liabilities	157,836	202,338	206,432	251,879	186,396	225,665	216,130	185,742	188,843	0	0	0	69,263	76,021
total current liabilities	288,622	369,315	332,528	290,849	264,586	303,168	296,377	256,323	271,954	262,212	423,474	603,098	771,221	507,991
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	3,964,392
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	55,624	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	2,916	42,819	0	0
provisions	111,112	42,631	42,729	48,573	45,555	17,799	10,942	27,403	31,905	22,258	0	0	0	0
total long term liabilities	111,112	42,631	42,729	48,573	45,555	17,799	10,942	27,403	31,905	22,258	2,916	42,819	55,624	3,964,392
total liabilities	399,734	411,946	375,257	339,422	310,141	320,967	307,319	283,726	303,859	284,470	426,390	645,917	826,845	4,472,383
net assets	3,825,097	3,692,406	3,468,208	2,992,512	2,724,535	2,245,450	1,817,060	1,773,653	1,683,961	1,549,815	1,459,108	1,203,437	1,480,445	1,469,372
total shareholders funds	3,825,097	3,692,406	3,468,208	2,992,512	2,724,535	2,245,450	1,817,060	1,773,653	1,683,961	1,549,815	1,459,108	1,203,437	1,480,445	1,469,372

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	188,948	282,237	590,570	343,422	265,031	528,440	53,427	111,614	167,100	331,064	336,814	-256,277	298,435	350,932
Depreciation	139,738	98,169	84,635	96,927	113,052	114,608	107,923	104,091	99,740	92,947	80,391	78,700	70,395	50,583
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-49,162	-53,815	-112,220	-65,269	-50,532	-100,487	-10,182	-22,423	-33,536	-69,620	-77,547	0	-6,486	-37,882
Stock	0	0	-527	0	0	0	0	0	0	599	0	0	21	1,057
Debtors	-154,059	234,502	522,307	434,697	165,584	305,610	92,618	214,471	30,136	124,076	113,155	-125,484	-3,612,585	3,960,430
Creditors	-36,191	40,881	87,126	-39,220	687	-2,744	9,666	-12,530	-179,101	-161,262	-179,624	554,342	2,168	46,588
Accruals and Deferred Income	-44,502	-4,094	-45,447	65,483	-39,269	9,535	30,388	-3,101	188,843	0	0	-69,263	-6,758	76,021
Deferred Taxes & Provisions	68,481	-98	-5,844	3,018	27,756	6,857	-16,461	-4,502	9,647	22,258	0	0	0	0
Cash flow from operations	421,371	128,778	77,040	-30,336	151,141	250,599	82,143	-41,322	222,557	90,712	46,879	432,986	3,970,318	-3,475,245
Investing Activities
capital expenditure	-266,152	-124,391	-37,359	-67,137	-361,583	-233,150	-54,807	-57,985	-156,877	66,026	-226,774	577,313	-48,662	-2,030,555
Change in Investments	0	0	0	0	0	0	0	0	0	0	-285,000	285,000	0	0
cash flow from investments	-266,152	-124,391	-37,359	-67,137	-361,583	-233,150	-54,807	-57,985	-156,877	66,026	58,226	292,313	-48,662	-2,030,555
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	-629,361	507,533	121,828
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	-3,964,392	3,964,392
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	-66,196	66,196	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-2,916	-39,903	42,819	0	0
share issue	-14,794	-5,222	-2,715	-10,273	263,661	0	0	0	0	-171,196	-3,943	-20,397	-57,585	3,158,060
interest	7,698	998	61	97	925	436	161	501	583	459	347	-334	-130,611	-201,738
cash flow from financing	-7,096	-4,224	-2,654	-10,176	264,586	436	161	501	583	-173,653	-43,499	-673,469	-3,578,859	7,042,542
cash and cash equivalents
cash	148,124	163	37,027	-107,649	54,144	17,886	27,498	-98,806	66,262	-16,915	61,606	38,561	-168	296
overdraft	0	0	0	0	0	0	0	0	0	0	0	-13,269	-250,285	263,554
change in cash	148,124	163	37,027	-107,649	54,144	17,886	27,498	-98,806	66,262	-16,915	61,606	51,830	250,117	-263,258

P&L

June 2023

turnover

3.8m

-14%

operating profit

188.9k

gross margin

37.9%

-0.02%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

3.8m

+0.04%

total assets

4.2m

+0.03%

cash

228k

+1.85%

net assets

Total assets minus all liabilities

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company number

SC154036

Type

Private limited with Share Capital

industry

87300 - Residential care activities for the elderly and disabled

incorporation date

November 1994

age

accounts

Small Company

ultimate parent company

PRIORITY CARE GROUP LIMITED

previous names

maplecliff limited (December 1994)

incorporated

address

priority house 23 roseangle, dundee, DD1 4LS

last accounts submitted

June 2023

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 8 charges/mortgages relating to priority care nursing limited. Currently there are 3 open charges and 5 have been satisfied in the past.

priority care nursing limited Company Information

priority care nursing limited Estimated Valuation

priority care nursing limited Estimated Valuation

priority care nursing limited Estimated Valuation

Priority Care Nursing Limited AI Business Plan

Priority Care Nursing Limited Overview

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PRIORITY CARE NURSING LIMITED financials

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