somerset care limited
somerset care limited Company Information
Group Structure
View All
Industry
Other residential care activities
Registered Address
acacia house, blackbrook park avenue, taunton, somerset, TA1 2PX
Website
www.somersetcare.co.uksomerset care limited Estimated Valuation
Pomanda estimates the enterprise value of SOMERSET CARE LIMITED at £89.9m based on a Turnover of £89.5m and 1x industry multiple (adjusted for size and gross margin).
somerset care limited Estimated Valuation
Pomanda estimates the enterprise value of SOMERSET CARE LIMITED at £48.9m based on an EBITDA of £5.8m and a 8.5x industry multiple (adjusted for size and gross margin).
somerset care limited Estimated Valuation
Pomanda estimates the enterprise value of SOMERSET CARE LIMITED at £86.7m based on Net Assets of £32.6m and 2.66x industry multiple (adjusted for liquidity).
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Somerset Care Limited Overview
Somerset Care Limited is a live company located in taunton, TA1 2PX with a Companies House number of 02548025. It operates in the other residential care activities n.e.c. sector, SIC Code 87900. Founded in October 1990, it's largest shareholder is unknown. Somerset Care Limited is a mature, large sized company, Pomanda has estimated its turnover at £89.5m with healthy growth in recent years.
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Somerset Care Limited Health Check
Pomanda's financial health check has awarded Somerset Care Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £89.5m, make it larger than the average company (£2.3m)
£89.5m - Somerset Care Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.6%)
7% - Somerset Care Limited
5.6% - Industry AVG
Production
with a gross margin of 19.1%, this company has a higher cost of product (36.7%)
19.1% - Somerset Care Limited
36.7% - Industry AVG
Profitability
an operating margin of 3.3% make it less profitable than the average company (7%)
3.3% - Somerset Care Limited
7% - Industry AVG
Employees
with 2631 employees, this is above the industry average (57)
2631 - Somerset Care Limited
57 - Industry AVG
Pay Structure
on an average salary of £19.7k, the company has a lower pay structure (£27.4k)
£19.7k - Somerset Care Limited
£27.4k - Industry AVG
Efficiency
resulting in sales per employee of £34k, this is less efficient (£45.8k)
£34k - Somerset Care Limited
£45.8k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is near the average (20 days)
21 days - Somerset Care Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is slower than average (9 days)
14 days - Somerset Care Limited
9 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (0 days)
0 days - Somerset Care Limited
0 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 96 weeks, this is more cash available to meet short term requirements (74 weeks)
96 weeks - Somerset Care Limited
74 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.5%, this is a higher level of debt than the average (30.1%)
55.5% - Somerset Care Limited
30.1% - Industry AVG
SOMERSET CARE LIMITED financials
Somerset Care Limited's latest turnover from March 2024 is £89.5 million and the company has net assets of £32.6 million. According to their latest financial statements, Somerset Care Limited has 2,631 employees and maintains cash reserves of £24.3 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 | 89,495,977 | 81,284,550 | 71,605,729 | 72,155,184 | 75,204,547 | 71,650,298 | 69,466,742 | 71,856,700 | 72,700,879 | 80,057,232 | 80,781,179 | 80,526,530 | 77,675,554 | 75,060,908 | 71,072,965 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 72,447,735 | 68,641,450 | 62,139,393 | 64,391,621 | 59,830,847 | 58,292,329 | 57,954,679 | 59,735,831 | 61,300,563 | 65,385,064 | 66,698,789 | 64,417,611 | 57,660,978 | 55,757,739 | 53,629,807 |
| Gross Profit | 17,048,242 | 12,643,100 | 9,466,336 | 7,763,563 | 15,373,700 | 13,357,969 | 11,512,063 | 12,120,869 | 11,400,316 | 14,672,168 | 14,082,390 | 16,108,919 | 20,014,576 | 19,303,169 | 17,443,158 |
| Admin Expenses | 14,133,498 | 10,872,967 | 7,878,893 | 4,457,088 | 10,908,683 | 10,566,643 | 11,718,162 | 14,917,180 | 9,151,690 | 9,639,216 | 8,306,577 | 9,823,824 | 14,626,547 | 14,420,509 | 14,289,854 |
| Operating Profit | 2,914,744 | 1,770,133 | 1,587,443 | 3,306,475 | 4,465,017 | 2,791,326 | -206,099 | -2,796,311 | 2,248,626 | 5,032,952 | 5,775,813 | 6,285,095 | 5,388,029 | 4,882,660 | 3,153,304 |
| Interest Payable | 1,464,618 | 1,013,139 | 710,724 | 1,080,028 | 1,581,839 | 1,387,695 | 1,555,710 | 1,385,283 | 2,214,939 | 3,333,919 | 1,313,331 | 2,390,250 | 2,405,565 | 1,096,971 | 1,343,463 |
| Interest Receivable | 1,093,472 | 746,673 | 652,106 | 133,277 | 92,516 | 1,037,161 | 132,255 | 730,654 | 2 | 1,079,910 | 1,336,142 | 3,222 | 11,395 | ||
| Pre-Tax Profit | 2,543,598 | 1,503,667 | 1,528,825 | 2,312,639 | 4,023,129 | 1,868,984 | -436,901 | 1,837,972 | 1,123,846 | 1,798,702 | 4,535,382 | 5,000,290 | 4,321,421 | 3,784,916 | 1,821,236 |
| Tax | -1,617,294 | -1,238,391 | 51,851 | -657,930 | -899,690 | -663,304 | -286,100 | -613,780 | -1,093,787 | -960,094 | -1,033,400 | -1,282,217 | -1,146,241 | -1,350,175 | -828,374 |
| Profit After Tax | 926,304 | 265,276 | 1,580,676 | 1,654,709 | 3,123,439 | 1,205,680 | -723,001 | 1,224,192 | 30,059 | 838,608 | 3,501,982 | 3,718,073 | 3,175,180 | 2,434,741 | 992,862 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 926,304 | 265,276 | 1,580,676 | 1,654,709 | 3,123,439 | 1,205,680 | -723,001 | 1,224,192 | 30,059 | 838,608 | 3,501,982 | 3,718,073 | 3,175,180 | 2,434,741 | 992,862 |
| Employee Costs | 51,725,485 | 49,713,969 | 53,210,815 | 50,227,440 | 50,293,803 | 49,530,029 | 49,977,974 | 50,655,712 | 51,917,869 | 56,626,342 | 55,153,539 | 55,297,395 | 53,093,570 | 51,807,069 | 49,662,289 |
| Number Of Employees | 2,631 | 2,557 | 2,821 | 2,938 | 2,982 | 3,213 | 3,343 | 3,452 | 4,009 | 4,221 | 4,441 | 4,547 | 4,372 | 4,241 | 4,096 |
| EBITDA* | 5,751,821 | 4,188,056 | 4,456,757 | 5,653,616 | 6,828,812 | 5,235,223 | 3,408,963 | -164,582 | 4,795,879 | 6,762,385 | 6,978,881 | 7,969,843 | 7,094,775 | 6,097,010 | 5,120,946 |
* 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 | 40,093,385 | 44,178,086 | 45,653,642 | 47,948,674 | 48,817,274 | 49,797,818 | 50,512,244 | 53,490,833 | 50,314,234 | 49,970,514 | 44,721,278 | 40,587,841 | 39,865,309 | 39,561,186 | 36,598,577 |
| Intangible Assets | 1,237,040 | 1,674,914 | 1,884,777 | 120,185 | 232,414 | 351,259 | 450,422 | 479,520 | 297,054 | 137,393 | 227,205 | 265,072 | 413,674 | 1,195,402 | 2,276,304 |
| Investments & Other | 585,049 | 283,156 | 300,081 | 264,330 | 162,301 | 82,566 | 24,248 | 3,820 | 1,005 | ||||||
| Debtors (Due After 1 year) | 535,066 | 987,113 | 2,201,000 | 1,859,000 | 2,109,000 | 3,096,000 | |||||||||
| Total Fixed Assets | 41,865,491 | 46,840,113 | 47,538,419 | 48,068,859 | 51,250,688 | 52,593,126 | 51,245,822 | 54,270,434 | 52,984,618 | 53,366,208 | 45,031,049 | 40,877,161 | 40,282,803 | 40,757,593 | 38,874,881 |
| Stock & work in progress | 142,090 | 159,290 | 282,438 | 314,522 | 148,704 | 251,199 | 383,116 | 719,827 | 710,969 | 876,649 | 969,313 | 277,678 | 438,024 | 683,369 | 919,713 |
| Trade Debtors | 5,371,892 | 3,501,329 | 3,575,125 | 3,439,576 | 4,174,325 | 4,208,351 | 5,072,883 | 5,204,015 | 4,605,420 | 7,259,043 | 6,924,556 | 6,605,169 | 5,400,296 | 5,833,952 | 5,858,452 |
| Group Debtors | 62,758 | 16,293 | 99,137 | 630 | 830 | ||||||||||
| Misc Debtors | 1,394,704 | 1,988,390 | 4,695,592 | 3,540,412 | 1,125,134 | 1,029,871 | 3,481,460 | 3,392,872 | 1,200,148 | 1,138,260 | 1,018,770 | 964,794 | 1,361,209 | 836,344 | 719,147 |
| Cash | 24,345,635 | 20,585,044 | 20,011,722 | 16,344,408 | 12,035,077 | 5,656,454 | 3,909,637 | 1,972,663 | 4,040,206 | 123,740 | 1,613,139 | 4,457,412 | 163,238 | 164,106 | 176,040 |
| misc current assets | |||||||||||||||
| total current assets | 31,254,321 | 26,234,053 | 28,564,877 | 23,638,918 | 17,483,240 | 11,145,875 | 12,847,096 | 11,352,135 | 10,573,036 | 9,496,829 | 10,525,778 | 12,305,053 | 7,363,397 | 7,518,601 | 7,673,352 |
| total assets | 73,119,812 | 73,074,166 | 76,103,296 | 71,707,777 | 68,733,928 | 63,739,001 | 64,092,918 | 65,622,569 | 63,557,654 | 62,863,037 | 55,556,827 | 53,182,214 | 47,646,200 | 48,276,194 | 46,548,233 |
| Bank overdraft | 19,480 | 22,243 | 16,374 | 5,879 | 5,633 | 2,059,385 | 25,799 | 28,648 | 14,896 | 25,447 | 24,286 | ||||
| Bank loan | 1,251,686 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 11,000,000 | 8,000,000 | 1,100,000 | 11,000,000 | 1,000,000 | 1,000,000 | |||
| Trade Creditors | 2,929,242 | 4,167,993 | 2,815,956 | 2,127,793 | 2,042,613 | 2,001,723 | 1,690,984 | 1,149,598 | 1,894,691 | 2,208,821 | 1,716,065 | 1,948,540 | 1,948,371 | 2,245,578 | 2,491,183 |
| Group/Directors Accounts | 4,070 | 3,810 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 57,154 | 62,350 | |||||||||||||
| other current liabilities | 8,929,438 | 7,197,672 | 8,427,525 | 6,770,620 | 5,439,911 | 4,066,978 | 3,371,263 | 3,814,415 | 3,856,916 | 4,850,298 | 5,373,706 | 5,729,497 | 8,428,043 | 8,302,906 | 7,874,914 |
| total current liabilities | 13,110,366 | 12,615,665 | 12,493,481 | 10,148,413 | 8,809,158 | 7,403,294 | 16,078,621 | 12,969,892 | 6,857,240 | 20,118,504 | 8,119,640 | 8,710,495 | 10,391,310 | 10,573,931 | 10,390,383 |
| loans | 17,464,286 | 18,696,429 | 19,928,571 | 21,516,055 | 23,193,975 | 23,625,000 | 17,446,417 | 19,733,578 | 26,365,833 | 12,428,487 | 17,750,000 | 18,750,000 | 18,510,000 | 22,140,000 | 23,185,000 |
| hp & lease commitments | 57,153 | ||||||||||||||
| Accruals and Deferred Income | 3,696,756 | 4,010,051 | 4,742,704 | 2,631,675 | 3,395,695 | 2,980,893 | 2,816,899 | 4,559,167 | 3,952,791 | 4,028,105 | 3,903,227 | 3,543,209 | 115,091 | ||
| other liabilities | |||||||||||||||
| provisions | 6,287,702 | 5,902,373 | 5,503,668 | 4,593,578 | 2,874,000 | 2,532,000 | 1,769,000 | 1,627,000 | 1,440,000 | 1,357,000 | 1,122,000 | 1,018,535 | 1,029,546 | 943,447 | 907,969 |
| total long term liabilities | 27,448,744 | 29,589,853 | 38,970,943 | 40,098,358 | 41,046,720 | 40,133,096 | 34,074,366 | 39,554,745 | 43,473,924 | 31,276,102 | 31,182,857 | 32,814,191 | 27,517,266 | 28,548,738 | 27,800,249 |
| total liabilities | 40,559,110 | 42,205,518 | 51,464,424 | 50,246,771 | 49,855,878 | 47,536,390 | 50,152,987 | 52,524,637 | 50,331,164 | 51,394,606 | 39,302,497 | 41,524,686 | 37,908,576 | 39,122,669 | 38,190,632 |
| net assets | 32,560,702 | 30,868,648 | 24,638,872 | 21,461,006 | 18,878,050 | 16,202,611 | 13,939,931 | 13,097,932 | 13,226,490 | 11,468,431 | 16,254,330 | 11,657,528 | 9,737,624 | 9,153,525 | 8,357,601 |
| total shareholders funds | 32,560,702 | 30,868,648 | 24,638,872 | 21,461,006 | 18,878,050 | 16,202,611 | 13,939,931 | 13,097,932 | 13,226,490 | 11,468,431 | 16,254,330 | 11,657,528 | 9,737,624 | 9,153,525 | 8,357,601 |
| 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 | 2,914,744 | 1,770,133 | 1,587,443 | 3,306,475 | 4,465,017 | 2,791,326 | -206,099 | -2,796,311 | 2,248,626 | 5,032,952 | 5,775,813 | 6,285,095 | 5,388,029 | 4,882,660 | 3,153,304 |
| Depreciation | 2,324,203 | 2,208,060 | 2,646,989 | 2,240,714 | 2,238,782 | 2,321,458 | 3,501,191 | 2,613,276 | 2,519,229 | 1,691,566 | 1,165,201 | 1,536,146 | 1,569,353 | 978,777 | 1,743,093 |
| Amortisation | 512,874 | 209,863 | 222,325 | 106,427 | 125,013 | 122,439 | 113,871 | 18,453 | 28,024 | 37,867 | 37,867 | 148,602 | 137,393 | 235,573 | 224,549 |
| Tax | -1,617,294 | -1,238,391 | 51,851 | -657,930 | -899,690 | -663,304 | -286,100 | -613,780 | -1,093,787 | -960,094 | -1,033,400 | -1,282,217 | -1,146,241 | -1,350,175 | -828,374 |
| Stock | -17,200 | -123,148 | -32,084 | 165,818 | -102,495 | -131,917 | -336,711 | 8,858 | -165,680 | -92,664 | 691,635 | -160,346 | -245,345 | -236,344 | 919,713 |
| Debtors | 824,830 | -1,793,885 | 1,290,729 | -520,471 | 403,237 | -1,457,121 | -105,302 | 728,784 | -3,661,579 | 3,649,114 | 373,363 | 807,828 | 91,009 | 93,527 | 6,577,599 |
| Creditors | -1,238,751 | 1,352,037 | 688,163 | 85,180 | 40,890 | 310,739 | 541,386 | -745,093 | -314,130 | 492,756 | -232,475 | 169 | -297,207 | -245,605 | 2,491,183 |
| Accruals and Deferred Income | 1,418,471 | -1,962,506 | 3,767,934 | 566,689 | 1,787,735 | 859,709 | -2,185,420 | 563,875 | -1,068,696 | -398,530 | 4,227 | 844,663 | 10,046 | 543,083 | 7,874,914 |
| Deferred Taxes & Provisions | 385,329 | 398,705 | 910,090 | 1,719,578 | 342,000 | 763,000 | 142,000 | 187,000 | 83,000 | 235,000 | 103,465 | -11,011 | 86,099 | 35,478 | 907,969 |
| Cash flow from operations | 3,891,946 | 4,654,934 | 8,616,150 | 7,721,786 | 7,799,005 | 8,094,405 | 2,062,842 | -1,510,222 | 6,229,525 | 2,575,067 | 4,755,700 | 6,873,965 | 5,901,808 | 5,222,608 | 8,069,326 |
| Investing Activities | |||||||||||||||
| capital expenditure | 1,301,570 | 602,388 | -2,950,834 | -7,258,644 | -5,185,720 | -2,274,249 | -1,831,723 | -4,746,552 | -4,333,059 | ||||||
| Change in Investments | -585,049 | 301,893 | -16,925 | 35,751 | 102,029 | 79,735 | 58,318 | 20,428 | 2,815 | 1,005 | |||||
| cash flow from investments | 585,049 | -301,893 | 1,318,495 | 566,637 | -3,052,863 | -7,338,379 | -5,244,038 | -2,294,677 | -1,834,538 | -4,747,557 | -4,333,059 | ||||
| Financing Activities | |||||||||||||||
| Bank loans | 1,686 | -9,750,000 | 3,000,000 | 6,900,000 | -9,900,000 | 10,000,000 | 1,000,000 | ||||||||
| Group/Directors Accounts | -4,070 | 260 | 3,810 | ||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -1,232,143 | -1,232,142 | -1,587,484 | -1,677,920 | -431,025 | 6,178,583 | -2,287,161 | -6,632,255 | 13,937,346 | -5,321,513 | -1,000,000 | 240,000 | -3,630,000 | -1,045,000 | 23,185,000 |
| Hire Purchase and Lease Commitments | -57,154 | -62,349 | 119,503 | ||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -371,146 | -266,466 | -58,618 | -946,751 | -1,581,839 | -1,295,179 | -518,549 | -1,253,028 | -1,484,285 | -3,333,919 | -1,313,329 | -1,310,340 | -1,069,423 | -1,093,749 | -1,332,068 |
| cash flow from financing | -835,853 | 4,465,892 | -48,912 | -1,753,578 | -2,523,213 | -3,690,093 | 1,759,290 | -2,338,033 | 4,281,061 | -4,284,009 | -1,218,249 | -1,864,699 | -7,290,504 | -3,777,566 | 29,217,671 |
| cash and cash equivalents | |||||||||||||||
| cash | 3,760,591 | 573,322 | 3,667,314 | 4,309,331 | 6,378,623 | 1,746,817 | 1,936,974 | -2,067,543 | 3,916,466 | -1,489,399 | -2,844,273 | 4,294,174 | -868 | -11,934 | 176,040 |
| overdraft | -19,480 | -2,763 | 5,869 | 10,495 | 246 | -2,053,752 | 2,033,586 | -2,849 | 13,752 | -10,551 | 1,161 | 24,286 | |||
| change in cash | 3,760,591 | 573,322 | 3,667,314 | 4,328,811 | 6,381,386 | 1,740,948 | 1,926,479 | -2,067,789 | 5,970,218 | -3,522,985 | -2,841,424 | 4,280,422 | 9,683 | -13,095 | 151,754 |
somerset care limited Credit Report and Business Information
Somerset Care Limited Competitor Analysis
Perform a competitor analysis for somerset care limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in TA1 area or any other competitors across 12 key performance metrics.
somerset care limited Ownership
SOMERSET CARE LIMITED group structure
Somerset Care Limited has 5 subsidiary companies.
Ultimate parent company
SOMERSET CARE LIMITED
02548025
5 subsidiaries
somerset care limited directors
Somerset Care Limited currently has 7 directors. The longest serving directors include Mrs Angela Dupont (Sep 2017) and Mrs Emma Glynn (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Angela Dupont | 77 years | Sep 2017 | - | Director | |
| Mrs Emma Glynn | England | 44 years | Oct 2019 | - | Director |
| Mr Christopher Wall | 56 years | Oct 2023 | - | Director | |
| Mr Ian Green | England | 59 years | May 2024 | - | Director |
| Mr Rupert Sanderson | England | 55 years | May 2024 | - | Director |
| Mr Philip King | 57 years | May 2024 | - | Director | |
| Mr Jonathan Palmer | 49 years | Oct 2024 | - | Director |
P&L
March 2024turnover
89.5m
+10%
operating profit
2.9m
+65%
gross margin
19.1%
+22.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
32.6m
+0.05%
total assets
73.1m
0%
cash
24.3m
+0.18%
net assets
Total assets minus all liabilities
somerset care limited company details
company number
02548025
Type
Private Ltd By Guarantee w/o Share Cap
industry
87900 - Other residential care activities
incorporation date
October 1990
age
35
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
PKF FRANCIS CLARK
address
acacia house, blackbrook park avenue, taunton, somerset, TA1 2PX
Bank
BARCLAYS BANK PLC
Legal Advisor
BURGES SALMON LLP
somerset care 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 52 charges/mortgages relating to somerset care limited. Currently there are 11 open charges and 41 have been satisfied in the past.
somerset care limited 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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somerset care limited Companies House Filings - See Documents
| date | description | view/download |
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