rethink mental illness
rethink mental illness Company Information
Group Structure
View All
Industry
Other human health activities
Registered Address
28 albert embankment, london, SE1 7GR
Website
http://rethink.orgrethink mental illness Estimated Valuation
Pomanda estimates the enterprise value of RETHINK MENTAL ILLNESS at £46.6m based on a Turnover of £44.5m and 1.05x industry multiple (adjusted for size and gross margin).
rethink mental illness Estimated Valuation
Pomanda estimates the enterprise value of RETHINK MENTAL ILLNESS at £0 based on an EBITDA of £-805.5k and a 8.07x industry multiple (adjusted for size and gross margin).
rethink mental illness Estimated Valuation
Pomanda estimates the enterprise value of RETHINK MENTAL ILLNESS at £28.4m based on Net Assets of £12.1m and 2.35x industry multiple (adjusted for liquidity).
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Rethink Mental Illness Overview
Rethink Mental Illness is a live company located in london, SE1 7GR with a Companies House number of 01227970. It operates in the other human health activities sector, SIC Code 86900. Founded in September 1975, it's largest shareholder is unknown. Rethink Mental Illness is a mature, large sized company, Pomanda has estimated its turnover at £44.5m with healthy growth in recent years.
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Rethink Mental Illness Health Check
Pomanda's financial health check has awarded Rethink Mental Illness a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £44.5m, make it larger than the average company (£728.4k)
£44.5m - Rethink Mental Illness
£728.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.2%)
10% - Rethink Mental Illness
7.2% - Industry AVG
Production
with a gross margin of 38.6%, this company has a comparable cost of product (38.6%)
38.6% - Rethink Mental Illness
38.6% - Industry AVG
Profitability
an operating margin of -3.3% make it less profitable than the average company (5.2%)
-3.3% - Rethink Mental Illness
5.2% - Industry AVG
Employees
with 1167 employees, this is above the industry average (18)
1167 - Rethink Mental Illness
18 - Industry AVG
Pay Structure
on an average salary of £27.7k, the company has an equivalent pay structure (£26.5k)
£27.7k - Rethink Mental Illness
£26.5k - Industry AVG
Efficiency
resulting in sales per employee of £38.1k, this is less efficient (£45.8k)
£38.1k - Rethink Mental Illness
£45.8k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is later than average (20 days)
30 days - Rethink Mental Illness
20 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (18 days)
12 days - Rethink Mental Illness
18 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (13 days)
0 days - Rethink Mental Illness
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is less cash available to meet short term requirements (126 weeks)
23 weeks - Rethink Mental Illness
126 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.9%, this is a higher level of debt than the average (22.4%)
42.9% - Rethink Mental Illness
22.4% - Industry AVG
RETHINK MENTAL ILLNESS financials
Rethink Mental Illness's latest turnover from March 2024 is £44.5 million and the company has net assets of £12.1 million. According to their latest financial statements, Rethink Mental Illness has 1,167 employees and maintains cash reserves of £3.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 44,501,000 | 40,944,000 | 37,479,000 | 33,082,000 | 31,715,000 | 32,699,000 | 32,170,000 | 33,717,000 | 37,004,000 | 39,095,000 | 48,475,000 | 50,931,000 | 52,928,000 | 54,297,000 | 52,971,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 833,000 | ||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -1,188,000 | -1,059,000 | 2,389,000 | 4,222,000 | -654,000 | -450,000 | -2,827,000 | -1,394,000 | -292,000 | -85,000 | -50,000 | 888,000 | -773,000 | 1,058,000 | 1,609,000 |
| Tax | |||||||||||||||
| Profit After Tax | -1,188,000 | -1,059,000 | 2,389,000 | 4,222,000 | -654,000 | -450,000 | -2,827,000 | -1,394,000 | -292,000 | -85,000 | -50,000 | 888,000 | -773,000 | 1,058,000 | 1,609,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -1,188,000 | -1,059,000 | 2,389,000 | 4,222,000 | -654,000 | -450,000 | -2,827,000 | -1,394,000 | -292,000 | -85,000 | -50,000 | 888,000 | -773,000 | 1,058,000 | 1,609,000 |
| Employee Costs | 32,373,000 | 28,666,000 | 23,634,000 | 20,701,000 | 20,516,000 | 20,626,000 | 21,913,000 | 22,433,000 | 23,686,000 | 25,097,000 | 28,451,000 | 31,114,000 | 32,507,000 | 33,713,000 | 33,057,000 |
| Number Of Employees | 1,167 | 1,052 | 948 | 872 | 905 | 978 | 879 | 999 | 848 | 958 | 1,022 | 1,152 | 1,210 | 1,235 | 1,212 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,713,000 | 3,106,000 | 3,289,000 | 2,226,000 | 2,416,000 | 2,783,000 | 2,984,000 | 3,062,000 | 3,299,000 | 2,758,000 | 3,090,000 | 3,006,000 | 3,259,000 | 3,350,000 | 3,550,000 |
| Intangible Assets | 667,000 | 587,000 | 17,000 | 208,000 | 495,000 | 727,000 | 990,000 | 1,092,000 | |||||||
| Investments & Other | 6,222,000 | 8,593,000 | 9,141,000 | 8,745,000 | 7,166,000 | 7,762,000 | 7,006,000 | 9,758,000 | 8,777,000 | 10,837,000 | 10,461,000 | 11,212,000 | 9,155,000 | 9,174,000 | 8,140,000 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 10,602,000 | 12,286,000 | 12,447,000 | 11,179,000 | 10,077,000 | 11,272,000 | 10,980,000 | 13,912,000 | 12,076,000 | 13,595,000 | 13,551,000 | 14,218,000 | 12,414,000 | 12,524,000 | 11,690,000 |
| Stock & work in progress | 23,000 | 23,000 | 14,000 | 10,000 | 13,000 | 14,000 | 7,000 | 14,000 | 1,000 | 2,000 | 2,000 | 1,000 | 1,000 | 10,000 | 25,000 |
| Trade Debtors | 3,742,000 | 4,390,000 | 4,002,000 | 4,969,000 | 2,921,000 | 3,433,000 | 3,847,000 | 3,730,000 | 2,485,000 | 2,563,000 | 2,214,000 | 2,271,000 | 3,785,000 | 3,202,000 | |
| Group Debtors | |||||||||||||||
| Misc Debtors | 3,257,000 | 1,742,000 | 2,850,000 | 1,184,000 | 1,830,000 | 1,261,000 | 1,306,000 | 1,372,000 | 5,440,000 | 750,000 | 645,000 | 589,000 | 634,000 | 1,031,000 | 484,000 |
| Cash | 3,581,000 | 7,295,000 | 10,820,000 | 10,442,000 | 4,033,000 | 2,956,000 | 1,890,000 | 1,565,000 | 2,560,000 | 4,176,000 | 4,495,000 | 4,481,000 | 4,492,000 | 4,757,000 | 4,723,000 |
| misc current assets | |||||||||||||||
| total current assets | 10,603,000 | 13,450,000 | 17,686,000 | 16,605,000 | 8,797,000 | 7,664,000 | 7,050,000 | 6,681,000 | 8,001,000 | 7,413,000 | 7,705,000 | 7,285,000 | 7,398,000 | 9,583,000 | 8,434,000 |
| total assets | 21,205,000 | 25,736,000 | 30,133,000 | 27,784,000 | 18,874,000 | 18,936,000 | 18,030,000 | 20,593,000 | 20,077,000 | 21,008,000 | 21,256,000 | 21,503,000 | 19,812,000 | 22,107,000 | 20,124,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 910,000 | 847,000 | 1,082,000 | 438,000 | 1,081,000 | 1,151,000 | 1,436,000 | 1,716,000 | 932,000 | 1,118,000 | |||||
| Group/Directors Accounts | 475,000 | 600,000 | 600,000 | 1,998,000 | 2,000,000 | ||||||||||
| other short term finances | 843,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 7,058,000 | 9,378,000 | 9,685,000 | 8,650,000 | 4,242,000 | 2,895,000 | 2,867,000 | 1,985,000 | 2,371,000 | 2,475,000 | 3,919,000 | 4,230,000 | 3,888,000 | 5,567,000 | 4,722,000 |
| total current liabilities | 7,968,000 | 10,700,000 | 11,367,000 | 9,688,000 | 7,321,000 | 6,046,000 | 4,303,000 | 4,544,000 | 3,303,000 | 3,593,000 | 3,919,000 | 4,230,000 | 3,888,000 | 5,567,000 | 4,722,000 |
| loans | 476,000 | 1,076,000 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 851,000 | 1,461,000 | 3,491,000 | 4,701,000 | |||||||||||
| provisions | 275,000 | 276,000 | 441,000 | 350,000 | 266,000 | 316,000 | 306,000 | 325,000 | 321,000 | 309,000 | 349,000 | 337,000 | 176,000 | ||
| total long term liabilities | 1,126,000 | 1,737,000 | 4,408,000 | 6,127,000 | 3,806,000 | 4,489,000 | 4,876,000 | 4,369,000 | 4,545,000 | 4,721,000 | 349,000 | 337,000 | 176,000 | ||
| total liabilities | 9,094,000 | 12,437,000 | 15,775,000 | 15,815,000 | 11,127,000 | 10,535,000 | 9,179,000 | 8,913,000 | 7,848,000 | 8,314,000 | 4,268,000 | 4,567,000 | 4,064,000 | 5,567,000 | 4,722,000 |
| net assets | 12,111,000 | 13,299,000 | 14,358,000 | 11,969,000 | 7,747,000 | 8,401,000 | 8,851,000 | 11,680,000 | 12,229,000 | 12,694,000 | 16,988,000 | 16,936,000 | 15,748,000 | 16,540,000 | 15,402,000 |
| total shareholders funds | 12,111,000 | 13,299,000 | 14,358,000 | 11,969,000 | 7,747,000 | 8,401,000 | 8,851,000 | 11,680,000 | 12,229,000 | 12,694,000 | 16,988,000 | 16,936,000 | 15,748,000 | 16,540,000 | 15,402,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 334,000 | 239,000 | 311,000 | 477,000 | 279,000 | 328,000 | 622,000 | 307,000 | 80,000 | 337,000 | 412,000 | 536,000 | 613,000 | 533,000 | 498,000 |
| Amortisation | 334,000 | 10,000 | 201,000 | 287,000 | 364,000 | 268,000 | 268,000 | 62,000 | |||||||
| Tax | |||||||||||||||
| Stock | 9,000 | 4,000 | -3,000 | -1,000 | 7,000 | -7,000 | 13,000 | -1,000 | 1,000 | -9,000 | -15,000 | 25,000 | |||
| Debtors | 867,000 | -720,000 | 699,000 | 1,402,000 | 57,000 | -459,000 | 51,000 | -338,000 | 2,205,000 | 27,000 | 405,000 | -102,000 | -1,911,000 | 1,130,000 | 3,686,000 |
| Creditors | 63,000 | -235,000 | 644,000 | -643,000 | -70,000 | -285,000 | -280,000 | 784,000 | -186,000 | 1,118,000 | |||||
| Accruals and Deferred Income | -2,320,000 | -307,000 | 1,035,000 | 4,408,000 | 1,347,000 | 28,000 | 882,000 | -386,000 | -104,000 | -1,444,000 | -311,000 | 342,000 | -1,679,000 | 845,000 | 4,722,000 |
| Deferred Taxes & Provisions | -1,000 | -165,000 | 91,000 | 84,000 | -50,000 | 10,000 | -19,000 | 4,000 | 12,000 | -40,000 | 12,000 | 161,000 | 176,000 | ||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -837,000 | -1,358,000 | 1,356,000 | -115,000 | -511,000 | -90,000 | -532,000 | -345,000 | -1,091,000 | ||||||
| Change in Investments | -2,371,000 | -548,000 | 396,000 | 1,579,000 | -596,000 | 756,000 | -2,752,000 | 981,000 | -2,060,000 | 376,000 | -751,000 | 2,057,000 | -19,000 | 1,034,000 | 8,140,000 |
| cash flow from investments | 2,371,000 | 548,000 | -396,000 | -1,579,000 | 596,000 | -756,000 | 1,915,000 | -2,339,000 | 3,416,000 | -491,000 | 240,000 | -2,147,000 | -513,000 | -1,379,000 | -9,231,000 |
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -475,000 | -125,000 | -1,398,000 | -2,000 | 2,000,000 | ||||||||||
| Other Short Term Loans | -843,000 | 843,000 | |||||||||||||
| Long term loans | -476,000 | -600,000 | 1,076,000 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -610,000 | -2,030,000 | -1,210,000 | 4,701,000 | |||||||||||
| share issue | |||||||||||||||
| interest | -833,000 | ||||||||||||||
| cash flow from financing | -1,085,000 | -2,631,000 | -1,810,000 | 4,379,000 | -2,000 | 2,000,000 | -845,000 | 1,688,000 | -173,000 | -4,209,000 | 102,000 | -533,000 | -19,000 | 80,000 | 13,793,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -3,714,000 | -3,525,000 | 378,000 | 6,409,000 | 1,077,000 | 1,066,000 | 325,000 | -995,000 | -1,616,000 | -319,000 | 14,000 | -11,000 | -265,000 | 34,000 | 4,723,000 |
| overdraft | |||||||||||||||
| change in cash | -3,714,000 | -3,525,000 | 378,000 | 6,409,000 | 1,077,000 | 1,066,000 | 325,000 | -995,000 | -1,616,000 | -319,000 | 14,000 | -11,000 | -265,000 | 34,000 | 4,723,000 |
rethink mental illness Credit Report and Business Information
Rethink Mental Illness Competitor Analysis
Perform a competitor analysis for rethink mental illness by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.
rethink mental illness Ownership
RETHINK MENTAL ILLNESS group structure
Rethink Mental Illness has 2 subsidiary companies.
Ultimate parent company
RETHINK MENTAL ILLNESS
01227970
2 subsidiaries
rethink mental illness directors
Rethink Mental Illness currently has 15 directors. The longest serving directors include Mr George Hook (Mar 2016) and Ms Jane Watkinson (May 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr George Hook | England | 73 years | Mar 2016 | - | Director |
| Ms Jane Watkinson | 77 years | May 2016 | - | Director | |
| Mr John Liver | England | 60 years | Feb 2018 | - | Director |
| Mrs Kathryn Tyson | England | 66 years | Feb 2018 | - | Director |
| Mrs Kathryn Tyson | England | 66 years | Feb 2018 | - | Director |
| Mrs Aphra Tulip-Briggs | England | 33 years | Feb 2018 | - | Director |
| Mr Ian Jackson | England | 46 years | Feb 2019 | - | Director |
| Mr Garrick Prayogg | England | 70 years | Jul 2020 | - | Director |
| Mrs Christine Stead | England | 68 years | Nov 2020 | - | Director |
| Mr Edward Gorringe | England | 62 years | Jan 2021 | - | Director |
P&L
March 2024turnover
44.5m
+9%
operating profit
-1.5m
0%
gross margin
38.6%
+2.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
12.1m
-0.09%
total assets
21.2m
-0.18%
cash
3.6m
-0.51%
net assets
Total assets minus all liabilities
rethink mental illness company details
company number
01227970
Type
Private Ltd By Guarantee w/o Share Cap
industry
86900 - Other human health activities
incorporation date
September 1975
age
50
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
national schizophrenia fellowship (February 2023)
accountant
-
auditor
MHA MACINTYRE HUDSON
address
28 albert embankment, london, SE1 7GR
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
BATES WELLS
rethink mental illness 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 12 charges/mortgages relating to rethink mental illness. Currently there are 3 open charges and 9 have been satisfied in the past.
rethink mental illness Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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rethink mental illness Companies House Filings - See Documents
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