caretech community services limited

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caretech community services limited Company Information

Share CARETECH COMMUNITY SERVICES LIMITED

Company Number

02804415

Shareholders

caretech holdings plc

Group Structure

View All

Industry

Other human health activities

 +1

Registered Address

5th floor, metropolitan house, 3 darkes lane, potters bar, hertfordshire, EN6 1AG

caretech community services limited Estimated Valuation

£34.9m

Pomanda estimates the enterprise value of CARETECH COMMUNITY SERVICES LIMITED at £34.9m based on a Turnover of £55.5m and 0.63x industry multiple (adjusted for size and gross margin).

caretech community services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CARETECH COMMUNITY SERVICES LIMITED at £0 based on an EBITDA of £-15.3m and a 5.09x industry multiple (adjusted for size and gross margin).

caretech community services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CARETECH COMMUNITY SERVICES LIMITED at £0 based on Net Assets of £-15.8m and 2.51x industry multiple (adjusted for liquidity).

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Caretech Community Services Limited Overview

Caretech Community Services Limited is a live company located in potters bar, EN6 1AG with a Companies House number of 02804415. It operates in the other human health activities sector, SIC Code 86900. Founded in March 1993, it's largest shareholder is caretech holdings plc with a 100% stake. Caretech Community Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £55.5m with healthy growth in recent years.

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Caretech Community Services Limited Health Check

Pomanda's financial health check has awarded Caretech Community Services Limited 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

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £55.5m, make it larger than the average company (£1.3m)

£55.5m - Caretech Community Services Limited

£1.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.5%)

12% - Caretech Community Services Limited

5.5% - Industry AVG

production

Production

with a gross margin of 0.1%, this company has a higher cost of product (38.9%)

0.1% - Caretech Community Services Limited

38.9% - Industry AVG

profitability

Profitability

an operating margin of -44.9% make it less profitable than the average company (7.8%)

-44.9% - Caretech Community Services Limited

7.8% - Industry AVG

employees

Employees

with 1727 employees, this is above the industry average (33)

1727 - Caretech Community Services Limited

33 - Industry AVG

paystructure

Pay Structure

on an average salary of £28.1k, the company has an equivalent pay structure (£25.9k)

£28.1k - Caretech Community Services Limited

£25.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £32.1k, this is less efficient (£47.1k)

£32.1k - Caretech Community Services Limited

£47.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 23 days, this is near the average (23 days)

23 days - Caretech Community Services Limited

23 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 45 days, this is slower than average (15 days)

45 days - Caretech Community Services Limited

15 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 9 days, this is more than average (7 days)

9 days - Caretech Community Services Limited

7 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (81 weeks)

3 weeks - Caretech Community Services Limited

81 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 105.8%, this is a higher level of debt than the average (30.7%)

105.8% - Caretech Community Services Limited

30.7% - Industry AVG

CARETECH COMMUNITY SERVICES LIMITED financials

EXPORTms excel logo

Caretech Community Services Limited's latest turnover from September 2023 is £55.5 million and the company has net assets of -£15.8 million. According to their latest financial statements, Caretech Community Services Limited has 1,727 employees and maintains cash reserves of £15.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover55,516,00043,176,00042,584,00039,180,00041,167,00037,439,00032,117,00026,570,00024,905,00025,119,00023,307,00023,048,00023,224,00023,576,00023,823,000
Other Income Or Grants
Cost Of Sales55,477,00043,749,00041,757,00031,883,00023,634,00019,702,00017,274,00014,887,00011,424,00013,365,00014,886,00015,742,00015,211,00010,208,00013,053,000
Gross Profit39,000-573,000827,0007,297,00017,533,00017,737,00014,843,00011,683,00013,481,00011,754,0008,421,0007,306,0008,013,00013,368,00010,770,000
Admin Expenses24,965,00019,473,00015,197,00013,236,00014,611,00020,160,00012,451,0007,139,0009,449,0007,550,0009,666,0008,419,0008,121,0009,671,0005,832,000
Operating Profit-24,926,000-20,046,000-14,370,000-5,939,0002,922,000-2,423,0002,392,0004,544,0004,032,0004,204,000-1,245,000-1,113,000-108,0003,697,0004,938,000
Interest Payable1,355,0006,128,0006,643,0007,591,0008,482,0008,448,0007,957,0008,381,0008,197,000646,0006,403,0004,322,0004,648,0007,532,0006,346,000
Interest Receivable4,732,0002,00027,502,00067,00016,303,0008,503,0009,208,00010,207,0009,00022,184,00011,521,0001,533,0004,692,00014,260,000
Pre-Tax Profit8,422,0007,428,0006,489,000-13,512,00010,536,0005,706,0003,215,0005,371,0006,042,0003,567,00015,441,0006,086,000-3,223,000857,0007,941,000
Tax593,000-2,080,0003,902,000-375,000-720,000985,0001,361,000-2,932,000121,000708,000699,00039,000-581,000-120,00010,000
Profit After Tax9,015,0005,348,00010,391,000-13,887,0009,816,0006,691,0004,576,0002,439,0006,163,0004,275,00016,140,0006,125,000-3,804,000737,0007,951,000
Dividends Paid13,600,00015,000,00018,000,0003,000,0002,000,0006,000,00010,200,00014,500,0001,000,000
Retained Profit9,015,000-8,252,000-4,609,000-13,887,000-8,184,0003,691,0002,576,000-3,561,000-4,037,0004,275,0001,640,0006,125,000-3,804,000737,0006,951,000
Employee Costs48,505,00035,795,00037,106,00027,290,00025,206,00020,460,00015,835,00014,586,00010,784,00013,415,00014,525,00015,409,00015,359,00013,137,00011,051,000
Number Of Employees1,7271,4081,6951,1901,2331,110969871771777760800803805690
EBITDA*-15,316,000-10,796,000-6,213,0001,451,0008,724,000891,0005,754,0009,417,0007,285,0007,259,000505,0001,202,0002,081,0005,204,0006,304,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets101,664,00097,461,000226,279,000222,765,000204,829,000199,669,000195,397,000175,490,000149,238,000131,141,000126,915,000125,940,000122,802,000110,211,00063,423,000
Intangible Assets19,823,00017,989,0009,059,00010,781,00019,881,00011,429,00012,173,00010,859,0008,950,0006,706,0004,629,0003,494,0003,852,0003,377,0002,449,000
Investments & Other121,674,000121,674,000121,674,000121,674,000113,537,000113,436,000113,436,00099,935,00079,243,00068,847,00068,597,00068,597,00067,105,00060,223,00017,744,000
Debtors (Due After 1 year)
Total Fixed Assets243,161,000237,124,000235,338,000233,546,000224,710,000211,098,000207,570,000186,349,000158,188,000137,847,000131,544,000129,434,000126,654,000113,588,00065,872,000
Stock & work in progress1,457,0001,403,0001,248,0001,198,000898,000898,000835,000815,000515,000510,000510,000610,000309,000152,000
Trade Debtors3,647,000952,0001,421,000922,0001,091,0002,726,0002,300,000398,000573,000376,000546,000740,000764,0001,069,000981,000
Group Debtors27,944,00033,101,00048,740,000
Misc Debtors7,342,0008,433,0005,322,0005,432,0006,018,0004,647,0004,550,0004,358,0003,152,0002,410,0001,613,0001,706,0003,169,0002,899,0002,566,000
Cash15,928,0002,683,00024,310,00024,976,0008,920,0005,265,0001,621,000319,0001,796,0002,592,0002,540,0001,898,0006,128,0003,229,0001,825,000
misc current assets1,703,000734,000503,000
total current assets28,374,00013,471,00033,039,00033,517,00017,816,00013,536,0009,306,0005,890,0006,036,0005,888,0005,209,0006,657,00039,048,00040,953,00054,112,000
total assets271,535,000250,595,000268,377,000267,063,000242,526,000224,634,000216,876,000192,239,000164,224,000143,735,000136,753,000136,091,000165,702,000154,541,000119,984,000
Bank overdraft20,009,0001,927,0001,619,000
Bank loan6,500,0005,000,0005,600,000
Trade Creditors 6,948,0002,689,0008,332,0002,682,0001,130,0003,738,0001,911,0002,751,0003,211,000243,000156,000760,0001,376,0002,157,0002,177,000
Group/Directors Accounts206,040,000218,929,000114,973,000111,204,000
other short term finances1,189,0001,122,0003,850,0001,500,000101,0003,845,0008,261,0008,461,000
hp & lease commitments3,345,0002,275,0002,240,0002,114,0004,421,0002,082,0001,936,0001,770,000642,0001,073,000919,000852,000493,000
other current liabilities30,630,00031,754,000257,934,000253,585,000226,149,000201,154,000195,297,000144,865,000139,981,000123,709,0006,838,0007,071,0008,920,0008,138,0006,501,000
total current liabilities246,963,000255,647,000268,506,000259,570,000232,822,000206,974,000199,144,000173,245,000146,619,000125,571,000122,710,000123,953,00025,976,00024,608,00014,771,000
loans12,198,00029,634,00027,856,0005,248,0005,162,0008,452,00014,714,00011,383,0004,412,0003,304,0001,050,000268,472,000242,616,000189,195,000
hp & lease commitments25,008,00015,805,00014,817,00013,928,0002,624,0002,581,0004,054,0004,850,0001,421,000525,0001,441,0001,337,0001,386,000
Accruals and Deferred Income
other liabilities1,133,000
provisions3,195,0003,987,0003,292,00011,096,00010,352,0008,932,00010,902,00013,618,0007,786,0008,028,0009,444,00011,286,00010,914,0009,872,0009,632,000
total long term liabilities40,401,00019,792,00016,463,00019,476,0007,800,0007,047,00010,810,00014,648,0009,698,0006,220,0006,374,0006,168,000139,693,000126,244,000102,501,000
total liabilities287,364,000275,439,000284,969,000279,046,000240,622,000214,021,000209,954,000187,893,000156,317,000131,791,000129,084,000130,121,000165,669,000150,852,000117,272,000
net assets-15,829,000-24,844,000-16,592,000-11,983,0001,904,00010,613,0006,922,0004,346,0007,907,00011,944,0007,669,0005,970,00033,0003,689,0002,712,000
total shareholders funds-15,829,000-24,844,000-16,592,000-11,983,0001,904,00010,613,0006,922,0004,346,0007,907,00011,944,0007,669,0005,970,00033,0003,689,0002,712,000
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-24,926,000-20,046,000-14,370,000-5,939,0002,922,000-2,423,0002,392,0004,544,0004,032,0004,204,000-1,245,000-1,113,000-108,0003,697,0004,938,000
Depreciation5,643,0003,647,0004,993,0004,428,0002,737,0003,314,0003,362,0003,224,0002,038,0001,840,0001,518,0001,446,0001,315,0001,183,0001,096,000
Amortisation3,967,0005,603,0003,164,0002,962,0003,065,0001,649,0001,215,0001,215,000232,000869,000874,000324,000270,000
Tax593,000-2,080,0003,902,000-375,000-720,000985,0001,361,000-2,932,000121,000708,000699,00039,000-581,000-120,00010,000
Stock54,000155,00050,000300,00063,00020,000300,0005,000-100,000301,000157,000152,000
Debtors1,604,0002,642,000389,000-755,000-264,000523,0002,094,0001,031,000939,000627,000-287,000-29,431,000-5,192,000-15,218,00052,287,000
Creditors4,259,000-5,643,0005,650,0001,552,000-2,608,0001,827,000-840,000-460,0002,968,00087,000-604,000-616,000-781,000-20,0002,177,000
Accruals and Deferred Income-1,124,000-226,180,0004,349,00027,436,00024,995,0005,857,00050,432,0004,884,00016,272,000116,871,000-233,000-1,849,000782,0001,637,0006,501,000
Deferred Taxes & Provisions-792,000695,000-7,804,000744,0001,420,000-1,970,000-2,716,0005,832,000-242,000-1,416,000-1,842,000372,0001,042,000240,0009,632,000
Cash flow from operations-14,038,000-246,801,000-555,00031,263,00032,075,0007,004,00051,877,00015,410,00025,460,000122,882,000-1,088,00028,278,0007,578,00022,007,000-27,663,000
Investing Activities
capital expenditure-15,647,000110,638,000-9,949,000-16,226,000-19,414,000-6,842,000-24,583,000-33,034,000-23,594,000-9,358,000-3,860,000-5,095,000-15,255,000-49,223,000-67,238,000
Change in Investments8,137,000101,00013,501,00020,692,00010,396,000250,0001,492,0006,882,00042,479,00017,744,000
cash flow from investments-15,647,000110,638,000-9,949,000-24,363,000-19,515,000-6,842,000-38,084,000-53,726,000-33,990,000-9,608,000-3,860,000-6,587,000-22,137,000-91,702,000-84,982,000
Financing Activities
Bank loans-6,500,0001,500,000-600,0005,600,000
Group/Directors Accounts-12,889,000218,929,000-114,973,0003,769,000111,204,000
Other Short Term Loans -1,189,00067,0001,122,000-3,850,0002,350,0001,500,000-101,000-3,744,000-4,416,000-200,0008,461,000
Long term loans12,198,000-29,634,0001,778,00022,608,00086,000-3,290,000-6,262,0003,331,0006,971,0001,108,0002,254,000-267,422,00025,856,00053,421,000189,195,000
Hire Purchase and Lease Commitments10,273,0001,023,0001,015,0008,997,0002,382,000-1,327,000-630,0006,620,000-2,063,000465,000-762,000171,000310,0001,879,000
other long term liabilities-1,133,0001,133,000
share issue-525,00059,000-188,000148,000240,000-4,239,000
interest3,377,000-6,126,00020,859,000-7,591,000-8,415,0007,855,000546,000827,0002,010,000-637,00015,781,0007,199,000-3,115,000-2,840,0007,914,000
cash flow from financing12,959,000184,192,00022,463,00024,081,000-5,350,0002,105,000-9,063,00013,128,00010,481,000-116,666,00018,584,000-160,885,00024,360,00058,992,000200,349,000
cash and cash equivalents
cash13,245,000-21,627,000-666,00016,056,0003,655,0003,644,0001,302,000-1,477,000-796,00052,000642,000-4,230,0002,899,0001,404,0001,825,000
overdraft-20,009,00018,082,000308,0001,619,000
change in cash13,245,000-21,627,000-666,00016,056,0003,655,0003,644,00021,311,000-19,559,000-1,104,000-1,567,000642,000-4,230,0002,899,0001,404,0001,825,000

caretech community services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Caretech Community Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for caretech community services limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in EN6 area or any other competitors across 12 key performance metrics.

caretech community services limited Ownership

CARETECH COMMUNITY SERVICES LIMITED group structure

Caretech Community Services Limited has 37 subsidiary companies.

CARETECH COMMUNITY SERVICES LIMITED Shareholders

caretech holdings plc 100%

caretech community services limited directors

Caretech Community Services Limited currently has 4 directors. The longest serving directors include Mr Haroon Sheikh (Mar 1995) and Mr Farouq Sheikh (Mar 1995).

officercountryagestartendrole
Mr Haroon Sheikh69 years Mar 1995- Director
Mr Farouq Sheikh66 years Mar 1995- Director
Mr Christopher DickinsonEngland46 years Jan 2020- Director
Mr Jeremy WilesEngland62 years Jan 2022- Director

P&L

September 2023

turnover

55.5m

+29%

operating profit

-24.9m

+24%

gross margin

0.1%

-105.29%

turnover

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

Balance Sheet

September 2023

net assets

-15.8m

-0.36%

total assets

271.5m

+0.08%

cash

15.9m

+4.94%

net assets

Total assets minus all liabilities

caretech community services limited company details

company number

02804415

Type

Private limited with Share Capital

industry

86900 - Other human health activities

87900 - Other residential care activities

incorporation date

March 1993

age

32

incorporated

UK

ultimate parent company

AMALFI TOPCO LTD

accounts

Audit Exemption Subsidiary

last accounts submitted

September 2023

previous names

N/A

accountant

-

auditor

-

address

5th floor, metropolitan house, 3 darkes lane, potters bar, hertfordshire, EN6 1AG

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

caretech community services 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 99 charges/mortgages relating to caretech community services limited. Currently there are 21 open charges and 78 have been satisfied in the past.

caretech community services 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.

Click to start generating capital raising & share issue transactions for CARETECH COMMUNITY SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.

caretech community services limited Companies House Filings - See Documents

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