morecare limited
morecare limited Company Information
Company Number
02741697
Website
www.morgasmcream.comRegistered Address
79 caroline street, birmingham, B3 1UP
Industry
Residential nursing care activities
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
willmore holdings ltd 100%
morecare limited Estimated Valuation
Pomanda estimates the enterprise value of MORECARE LIMITED at £3m based on a Turnover of £2.8m and 1.08x industry multiple (adjusted for size and gross margin).
morecare limited Estimated Valuation
Pomanda estimates the enterprise value of MORECARE LIMITED at £5k based on an EBITDA of £933 and a 5.37x industry multiple (adjusted for size and gross margin).
morecare limited Estimated Valuation
Pomanda estimates the enterprise value of MORECARE LIMITED at £120.3k based on Net Assets of £45.5k and 2.65x industry multiple (adjusted for liquidity).
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Morecare Limited Overview
Morecare Limited is a dissolved company that was located in birmingham, B3 1UP with a Companies House number of 02741697. It operated in the residential nursing care facilities sector, SIC Code 87100. Founded in August 1992, it's largest shareholder was willmore holdings ltd with a 100% stake. The last turnover for Morecare Limited was estimated at £2.8m.
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Morecare Limited Health Check
Pomanda's financial health check has awarded Morecare Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
6 Regular
6 Weak
Size
annual sales of £2.8m, make it in line with the average company (£2.7m)
- Morecare Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (4.7%)
- Morecare Limited
4.7% - Industry AVG
Production
with a gross margin of 35.8%, this company has a comparable cost of product (35.8%)
- Morecare Limited
35.8% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (11.8%)
- Morecare Limited
11.8% - Industry AVG
Employees
with 90 employees, this is similar to the industry average (99)
90 - Morecare Limited
99 - Industry AVG
Pay Structure
on an average salary of £16.2k, the company has an equivalent pay structure (£16.2k)
- Morecare Limited
£16.2k - Industry AVG
Efficiency
resulting in sales per employee of £30.7k, this is equally as efficient (£28.3k)
- Morecare Limited
£28.3k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is later than average (19 days)
- Morecare Limited
19 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is close to average (17 days)
- Morecare Limited
17 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is more than average (0 days)
- Morecare Limited
0 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Morecare Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.1%, this is a higher level of debt than the average (63.6%)
87.1% - Morecare Limited
63.6% - Industry AVG
MORECARE LIMITED financials
Morecare Limited's latest turnover from March 2017 is estimated at £2.8 million and the company has net assets of £45.5 thousand. According to their latest financial statements, Morecare Limited has 90 employees and maintains cash reserves of £26 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 90 | 88 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 66,660 | 77,049 | 91,708 | 109,877 | 126,624 | 72,771 | 58,012 | 68,491 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 66,660 | 77,049 | 91,708 | 109,877 | 126,624 | 72,771 | 58,012 | 68,491 |
| Stock & work in progress | 17,661 | 66,202 | 3,200 | 3,200 | 3,100 | 3,100 | 3,320 | 2,087 |
| Trade Debtors | 192,132 | 132,568 | 740,231 | 481,455 | 502,123 | 451,248 | 400,386 | 306,412 |
| Group Debtors | 75,101 | 136,806 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 10,049 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 26 | 72 | 0 | 180 | 771 | 293 | 16,434 | 273 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 284,920 | 345,697 | 743,431 | 484,835 | 505,994 | 454,641 | 420,140 | 308,772 |
| total assets | 351,580 | 422,746 | 835,139 | 594,712 | 632,618 | 527,412 | 478,152 | 377,263 |
| Bank overdraft | 42,211 | 138,474 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 89,101 | 48,796 | 816,285 | 582,418 | 620,324 | 515,118 | 465,858 | 364,969 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 161,777 | 156,394 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 293,089 | 343,664 | 816,285 | 582,418 | 620,324 | 515,118 | 465,858 | 364,969 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 13,009 | 15,022 | 18,754 | 12,194 | 12,194 | 12,194 | 12,194 | 12,194 |
| total long term liabilities | 13,009 | 15,022 | 18,754 | 12,194 | 12,194 | 12,194 | 12,194 | 12,194 |
| total liabilities | 306,098 | 358,686 | 835,039 | 594,612 | 632,518 | 527,312 | 478,052 | 377,163 |
| net assets | 45,482 | 64,060 | 100 | 100 | 100 | 100 | 100 | 100 |
| total shareholders funds | 45,482 | 64,060 | 100 | 100 | 100 | 100 | 100 | 100 |
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 13,865 | 18,454 | 20,108 | 19,389 | 21,362 | 13,415 | 10,740 | 12,317 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | -48,541 | 63,002 | 0 | 100 | 0 | -220 | 1,233 | 2,087 |
| Debtors | -12,190 | -460,808 | 258,776 | -20,668 | 50,875 | 50,862 | 93,974 | 306,412 |
| Creditors | 40,305 | -767,489 | 233,867 | -37,906 | 105,206 | 49,260 | 100,889 | 364,969 |
| Accruals and Deferred Income | 5,383 | 156,394 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -2,013 | -3,732 | 6,560 | 0 | 0 | 0 | 0 | 12,194 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -46 | 72 | -180 | -591 | 478 | -16,141 | 16,161 | 273 |
| overdraft | -96,263 | 138,474 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 96,217 | -138,402 | -180 | -591 | 478 | -16,141 | 16,161 | 273 |
morecare limited Credit Report and Business Information
Morecare Limited Competitor Analysis
Perform a competitor analysis for morecare limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
morecare limited Ownership
MORECARE LIMITED group structure
Morecare Limited has no subsidiary companies.
morecare limited directors
Morecare Limited currently has 4 directors. The longest serving directors include Mr Michael Willmore (Sep 1992) and Mr Peter Willmore (Sep 1992).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Willmore | 74 years | Sep 1992 | - | Director | |
| Mr Peter Willmore | England | 76 years | Sep 1992 | - | Director |
| Mrs Maureen Willmore | 72 years | Jul 1993 | - | Director | |
| Mrs Grazyna Willmore | England | 68 years | Jul 1993 | - | Director |
P&L
March 2017turnover
2.8m
-7%
operating profit
-12.9k
0%
gross margin
35.9%
-0.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2017net assets
45.5k
-0.29%
total assets
351.6k
-0.17%
cash
26
-0.64%
net assets
Total assets minus all liabilities
morecare limited company details
company number
02741697
Type
Private limited with Share Capital
industry
87100 - Residential nursing care activities
incorporation date
August 1992
age
32
accounts
Total Exemption Full
ultimate parent company
previous names
ensurevalue limited (October 1992)
incorporated
UK
address
79 caroline street, birmingham, B3 1UP
last accounts submitted
March 2017
morecare 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 4 charges/mortgages relating to morecare limited. Currently there are 1 open charges and 3 have been satisfied in the past.
morecare limited Companies House Filings - See Documents
| date | description | view/download |
|---|
