optima care limited
optima care limited Company Information
Company Number
02768075
Website
http://www.optimacare.co.ukRegistered Address
new derwent house, 69-73 theobalds road, london, WC1X 8TA
Industry
Residential care activities for the elderly and disabled
Telephone
01843822508
Next Accounts Due
54 days late
Group Structure
View All
Shareholders
optima care holdings ltd 100%
optima care limited Estimated Valuation
The estimated valuation range for optima care limited, derived from financial data as of May 2022 and the most recent industry multiples, is between £0 to £3.3m
optima care limited Estimated Valuation
The estimated valuation range for optima care limited, derived from financial data as of May 2022 and the most recent industry multiples, is between £0 to £3.3m
optima care limited Estimated Valuation
The estimated valuation range for optima care limited, derived from financial data as of May 2022 and the most recent industry multiples, is between £0 to £3.3m
Get a detailed valuation report, edit figures and unlock valuation multiples.
Optima Care Limited AI Business Plan
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Optima Care Limited Overview
Optima Care Limited is a live company located in london, WC1X 8TA with a Companies House number of 02768075. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in November 1992, it's largest shareholder is optima care holdings ltd with a 100% stake. Optima Care Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.7m with declining growth in recent years.
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Optima Care Limited Health Check
Pomanda's financial health check has awarded Optima Care Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £4.7m, make it larger than the average company (£3m)
£4.7m - Optima Care Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (3.7%)
-16% - Optima Care Limited
3.7% - Industry AVG
Production
with a gross margin of 19.6%, this company has a higher cost of product (37.8%)
19.6% - Optima Care Limited
37.8% - Industry AVG
Profitability
an operating margin of -24.6% make it less profitable than the average company (11.8%)
-24.6% - Optima Care Limited
11.8% - Industry AVG
Employees
with 136 employees, this is above the industry average (75)
136 - Optima Care Limited
75 - Industry AVG
Pay Structure
on an average salary of £22.2k, the company has an equivalent pay structure (£21k)
£22.2k - Optima Care Limited
£21k - Industry AVG
Efficiency
resulting in sales per employee of £34.7k, this is equally as efficient (£34.3k)
£34.7k - Optima Care Limited
£34.3k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is later than average (15 days)
42 days - Optima Care Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (13 days)
45 days - Optima Care Limited
13 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Optima Care Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (24 weeks)
19 weeks - Optima Care Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.7%, this is a higher level of debt than the average (49%)
93.7% - Optima Care Limited
49% - Industry AVG
optima care limited Credit Report and Business Information
Optima Care Limited Competitor Analysis
Perform a competitor analysis for optima care limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
optima care limited Ownership
OPTIMA CARE LIMITED group structure
Optima Care Limited has no subsidiary companies.
optima care limited directors
Optima Care Limited currently has 2 directors. The longest serving directors include Mr Edward Coombes (Jun 2011) and Vadivambikai Coombes (Jun 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Coombes | England | 53 years | Jun 2011 | - | Director |
| Vadivambikai Coombes | England | 77 years | Jun 2011 | - | Director |
OPTIMA CARE LIMITED financials
Optima Care Limited's latest turnover from May 2022 is £4.7 million and the company has net assets of £686.6 thousand. According to their latest financial statements, Optima Care Limited has 136 employees and maintains cash reserves of £914.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Feb 2013 | Feb 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,712,996 | 8,233,644 | 8,504,467 | 7,861,413 | 6,979,272 | 7,185,005 | 6,937,878 | 7,329,913 | 7,097,419 | 5,165,542 | 3,569,323 | 5,591,357 | 5,244,109 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,789,916 | 6,247,329 | 6,083,303 | 5,405,183 | 4,961,410 | 5,063,136 | 4,882,226 | 5,002,153 | 4,543,452 | 3,060,668 | 2,044,475 | 3,063,188 | 2,928,139 |
| Gross Profit | 923,080 | 1,986,315 | 2,421,164 | 2,456,230 | 2,017,862 | 2,121,869 | 2,055,652 | 2,327,760 | 2,553,967 | 2,104,874 | 1,524,848 | 2,528,169 | 2,315,970 |
| Admin Expenses | 2,081,867 | 1,940,400 | 2,258,540 | 2,239,720 | 2,006,088 | 2,361,825 | 2,046,795 | 2,021,916 | 2,718,955 | 1,468,488 | 1,102,738 | 1,601,456 | 1,666,063 |
| Operating Profit | -1,158,787 | 45,915 | 162,624 | 216,510 | 11,774 | -239,956 | 8,857 | 305,844 | -164,988 | 636,386 | 422,110 | 926,713 | 649,907 |
| Interest Payable | 312,185 | 211,053 | 322,461 | 309,866 | 282,197 | 247,673 | 397,268 | 403,772 | 65,182 | 206 | 339 | 158,088 | 153,269 |
| Interest Receivable | 286 | 851 | 286 | 714 | 212 | 85 | 699 | 171 | 10 | 8 | 30 | 2,319 | 318 |
| Pre-Tax Profit | -1,470,686 | -164,287 | -159,551 | -92,642 | -270,211 | -487,544 | -387,712 | -97,757 | -230,160 | 636,188 | 421,801 | 770,944 | 496,956 |
| Tax | 152,264 | -132,251 | -12,145 | -56,790 | -19,000 | 37,500 | 29,320 | 13,018 | -151,888 | -198,065 | -131,650 | -243,087 | -145,904 |
| Profit After Tax | -1,318,422 | -296,538 | -171,696 | -149,432 | -289,211 | -450,044 | -358,392 | -84,739 | -382,048 | 438,123 | 290,151 | 527,857 | 351,052 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 350,000 | 0 | 0 |
| Retained Profit | -1,318,422 | -296,538 | -171,696 | -149,432 | -289,211 | -450,044 | -358,392 | 57,602 | -3,853,911 | 438,123 | -59,849 | 527,857 | 351,052 |
| Employee Costs | 3,022,338 | 4,128,593 | 4,558,662 | 4,086,713 | 4,176,453 | 4,109,312 | 4,008,138 | 4,073,800 | 3,607,948 | 2,628,328 | 1,921,979 | 3,235,607 | 3,116,645 |
| Number Of Employees | 136 | 207 | 205 | 236 | 223 | 220 | 216 | 227 | 175 | 164 | 173 | 178 | 188 |
| EBITDA* | -387,005 | 830,326 | 990,506 | 1,104,553 | 913,606 | 648,066 | 828,762 | 1,048,088 | 776,659 | 867,438 | 553,428 | 1,062,237 | 930,151 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Feb 2013 | Feb 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,987,876 | 8,247,778 | 8,453,198 | 8,716,152 | 8,929,204 | 9,231,027 | 9,493,087 | 9,395,387 | 9,412,644 | 5,557,666 | 5,612,952 | 5,481,653 | 5,516,576 |
| Intangible Assets | 818,374 | 1,264,714 | 1,782,922 | 2,157,394 | 2,603,734 | 3,050,074 | 3,496,421 | 3,942,773 | 4,389,124 | 637,709 | 683,309 | 713,709 | 759,387 |
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 10,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,806,251 | 9,512,493 | 10,236,121 | 10,873,547 | 11,532,939 | 12,281,102 | 12,989,509 | 13,338,161 | 13,801,768 | 6,195,375 | 6,296,261 | 6,195,362 | 6,285,963 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 553,709 | 883,029 | 764,871 | 888,080 | 243,967 | 545,673 | 751,467 | 588,581 | 518,929 | 433,510 | 567,378 | 255,395 | 516,550 |
| Group Debtors | 341,167 | 273,421 | 306,806 | 377,345 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 256,931 | 228,007 | 446,568 | 429,907 | 364,455 | 406,483 | 395,180 | 381,014 | 323,935 | 73,944 | 86,912 | 147,809 | 372,079 |
| Cash | 914,523 | 1,459,345 | 1,671,600 | 682,516 | 665,351 | 370,340 | 233,940 | 453,537 | 415,110 | 273,131 | 710,665 | 182,648 | 626,019 |
| misc current assets | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,066,330 | 2,843,802 | 3,189,845 | 2,377,849 | 1,273,773 | 1,322,496 | 1,380,587 | 1,423,132 | 1,257,974 | 780,585 | 1,364,955 | 585,852 | 1,514,648 |
| total assets | 10,872,581 | 12,356,295 | 13,425,966 | 13,251,396 | 12,806,712 | 13,603,598 | 14,370,096 | 14,761,293 | 15,059,742 | 6,975,960 | 7,661,216 | 6,781,214 | 7,800,611 |
| Bank overdraft | 0 | 0 | 0 | 0 | 9,330,096 | 9,294,689 | 300,000 | 0 | 600,000 | 0 | 0 | 0 | 122 |
| Bank loan | 1,149,760 | 1,149,760 | 1,149,760 | 574,880 | 0 | 0 | 0 | 600,000 | 0 | 0 | 0 | 0 | 388,726 |
| Trade Creditors | 474,157 | 525,147 | 529,492 | 279,239 | 206,614 | 282,433 | 280,246 | 185,702 | 157,832 | 119,375 | 105,347 | 50,775 | 126,935 |
| Group/Directors Accounts | 0 | 34,256 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 1,084 | 3,251 | 3,251 | 3,251 | 0 | 0 | 1,784 | 40,840 |
| other current liabilities | 812,002 | 940,401 | 1,065,452 | 774,648 | 647,351 | 1,113,530 | 1,278,919 | 1,124,166 | 1,069,336 | 915,366 | 1,009,359 | 619,366 | 752,882 |
| total current liabilities | 2,435,919 | 2,649,564 | 2,744,704 | 1,628,767 | 10,184,061 | 10,691,736 | 1,862,416 | 1,913,119 | 1,830,419 | 1,034,741 | 1,114,706 | 671,925 | 1,309,505 |
| loans | 7,733,486 | 7,673,335 | 8,345,387 | 9,125,120 | 0 | 0 | 9,144,690 | 9,109,041 | 9,559,041 | 5,368,338 | 6,411,752 | 5,914,682 | 6,791,689 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 1,084 | 4,335 | 7,586 | 0 | 0 | 0 | 32,667 |
| Accruals and Deferred Income | 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 | 0 | 0 | 0 |
| provisions | 16,613 | 28,411 | 34,352 | 24,290 | 0 | 0 | 0 | 14,500 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,750,099 | 7,701,746 | 8,379,739 | 9,149,410 | 0 | 0 | 9,145,774 | 9,127,876 | 9,566,627 | 5,368,338 | 6,411,752 | 5,914,682 | 6,824,356 |
| total liabilities | 10,186,018 | 10,351,310 | 11,124,443 | 10,778,177 | 10,184,061 | 10,691,736 | 11,008,190 | 11,040,995 | 11,397,046 | 6,403,079 | 7,526,458 | 6,586,607 | 8,133,861 |
| net assets | 686,563 | 2,004,985 | 2,301,523 | 2,473,219 | 2,622,651 | 2,911,862 | 3,361,906 | 3,720,298 | 3,662,696 | 572,881 | 134,758 | 194,607 | -333,250 |
| total shareholders funds | 686,563 | 2,004,985 | 2,301,523 | 2,473,219 | 2,622,651 | 2,911,862 | 3,361,906 | 3,720,298 | 3,662,696 | 572,881 | 134,758 | 194,607 | -333,250 |
| May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Feb 2013 | Feb 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -1,158,787 | 45,915 | 162,624 | 216,510 | 11,774 | -239,956 | 8,857 | 305,844 | -164,988 | 636,386 | 422,110 | 926,713 | 649,907 |
| Depreciation | 325,442 | 338,071 | 381,542 | 441,703 | 455,492 | 441,675 | 373,553 | 295,893 | 229,543 | 185,452 | 100,918 | 89,846 | 234,566 |
| Amortisation | 446,340 | 446,340 | 446,340 | 446,340 | 446,340 | 446,347 | 446,352 | 446,351 | 712,104 | 45,600 | 30,400 | 45,678 | 45,678 |
| Tax | 152,264 | -132,251 | -12,145 | -56,790 | -19,000 | 37,500 | 29,320 | 13,018 | -151,888 | -198,065 | -131,650 | -243,087 | -145,904 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -232,650 | -133,788 | -177,087 | 1,086,910 | -343,734 | -194,491 | 177,052 | 126,731 | 335,410 | -146,836 | 251,086 | -485,425 | 888,629 |
| Creditors | -50,990 | -4,345 | 250,253 | 72,625 | -75,819 | 2,187 | 94,544 | 27,870 | 38,457 | 14,028 | 54,572 | -76,160 | 126,935 |
| Accruals and Deferred Income | -128,399 | -125,051 | 290,804 | 127,297 | -466,179 | -165,389 | 154,753 | 54,830 | 153,970 | -93,993 | 389,993 | -133,516 | 752,882 |
| Deferred Taxes & Provisions | -11,798 | -5,941 | 10,062 | 24,290 | 0 | 0 | -14,500 | 14,500 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -193,278 | 696,526 | 1,706,567 | 185,065 | 696,342 | 716,855 | 915,827 | 1,031,575 | 481,788 | 736,244 | 615,257 | 1,094,899 | 775,435 |
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | 0 | -158,697 | -179,415 | -461,161 | -277,258 | -5,105,919 | -130,166 | -232,217 | -45,237 | -480,522 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | -10,000 | 10,000 |
| cash flow from investments | 0 | 0 | 0 | -158,697 | -179,415 | -461,161 | -277,259 | -5,105,919 | -130,166 | -232,217 | -35,237 | -490,522 | |
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 574,880 | 574,880 | 0 | 0 | -600,000 | 600,000 | 0 | 0 | 0 | -388,726 | 388,726 |
| Group/Directors Accounts | -34,256 | 34,256 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 60,151 | -672,052 | -779,733 | 9,125,120 | 0 | -9,144,690 | 35,649 | -450,000 | 4,190,703 | -1,043,414 | 497,070 | -877,007 | 6,791,689 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -1,084 | -3,251 | -3,251 | -3,251 | 10,837 | 0 | -1,784 | -71,723 | 73,507 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -311,899 | -210,202 | -322,175 | -309,152 | -281,985 | -247,588 | -396,569 | -403,601 | -65,172 | -198 | -309 | -155,769 | -152,951 |
| cash flow from financing | -286,004 | -847,998 | -527,028 | 9,390,848 | -283,069 | -9,395,529 | -964,171 | -256,852 | 11,080,094 | -1,043,612 | 494,977 | -1,493,225 | 6,416,669 |
| cash and cash equivalents | |||||||||||||
| cash | -544,822 | -212,255 | 989,084 | 17,165 | 295,011 | 136,400 | -219,597 | 38,427 | 141,979 | -437,534 | 528,017 | -443,371 | 626,019 |
| overdraft | 0 | 0 | 0 | -9,330,096 | 35,407 | 8,994,689 | 300,000 | -600,000 | 600,000 | 0 | 0 | -122 | 122 |
| change in cash | -544,822 | -212,255 | 989,084 | 9,347,261 | 259,604 | -8,858,289 | -519,597 | 638,427 | -458,021 | -437,534 | 528,017 | -443,249 | 625,897 |
P&L
May 2022turnover
4.7m
-43%
operating profit
-1.2m
-2624%
gross margin
19.6%
-18.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2022net assets
686.6k
-0.66%
total assets
10.9m
-0.12%
cash
914.5k
-0.37%
net assets
Total assets minus all liabilities
Similar Companies
optima care limited company details
company number
02768075
Type
Private limited with Share Capital
industry
87300 - Residential care activities for the elderly and disabled
incorporation date
November 1992
age
32
accounts
Full Accounts
ultimate parent company
previous names
family care homes limited (June 2014)
incorporated
UK
address
new derwent house, 69-73 theobalds road, london, WC1X 8TA
last accounts submitted
May 2022
optima 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 41 charges/mortgages relating to optima care limited. Currently there are 2 open charges and 39 have been satisfied in the past.
optima care limited Companies House Filings - See Documents
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