care assured limited

Live (In Liquidation)MatureSmallDeclining

care assured limited Company Information

Share CARE ASSURED LIMITED

Company Number

02850492

Shareholders

neil tomlinson

Group Structure

View All

Industry

Social work activities without accommodation for the elderly and disabled

 

Registered Address

c/o focus insolvency group, skull house lane, wigan, WN6 9DW

care assured limited Estimated Valuation

£517.1k

Pomanda estimates the enterprise value of CARE ASSURED LIMITED at £517.1k based on a Turnover of £1.2m and 0.44x industry multiple (adjusted for size and gross margin).

care assured limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CARE ASSURED LIMITED at £0 based on an EBITDA of £-18.3k and a 4.56x industry multiple (adjusted for size and gross margin).

care assured limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CARE ASSURED LIMITED at £0 based on Net Assets of £-196k and 2.82x industry multiple (adjusted for liquidity).

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Care Assured Limited Overview

Care Assured Limited is a live company located in wigan, WN6 9DW with a Companies House number of 02850492. It operates in the social work activities without accommodation for the elderly and disabled sector, SIC Code 88100. Founded in September 1993, it's largest shareholder is neil tomlinson with a 100% stake. Care Assured Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Care Assured Limited Health Check

Pomanda's financial health check has awarded Care Assured Limited a 2 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 Rating2out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £1.2m, make it larger than the average company (£540.2k)

£1.2m - Care Assured Limited

£540.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (4%)

-19% - Care Assured Limited

4% - Industry AVG

production

Production

with a gross margin of 20.8%, this company has a higher cost of product (33.3%)

20.8% - Care Assured Limited

33.3% - Industry AVG

profitability

Profitability

an operating margin of -1.6% make it less profitable than the average company (1.5%)

-1.6% - Care Assured Limited

1.5% - Industry AVG

employees

Employees

with 47 employees, this is above the industry average (18)

47 - Care Assured Limited

18 - Industry AVG

paystructure

Pay Structure

on an average salary of £20.7k, the company has an equivalent pay structure (£20.7k)

£20.7k - Care Assured Limited

£20.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £24.7k, this is less efficient (£30.4k)

£24.7k - Care Assured Limited

£30.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 12 days, this is earlier than average (18 days)

12 days - Care Assured Limited

18 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 104 days, this is slower than average (5 days)

104 days - Care Assured Limited

5 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Care Assured Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (235 weeks)

5 weeks - Care Assured Limited

235 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 391.1%, this is a higher level of debt than the average (12.3%)

391.1% - Care Assured Limited

12.3% - Industry AVG

CARE ASSURED LIMITED financials

EXPORTms excel logo

Care Assured Limited's latest turnover from March 2024 is estimated at £1.2 million and the company has net assets of -£196 thousand. According to their latest financial statements, Care Assured Limited has 47 employees and maintains cash reserves of £28.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,162,8411,301,5671,538,4902,218,7182,107,766769,294746,487849,790418,2631,967,0701,997,5272,144,7751,995,6001,597,7801,475,769
Other Income Or Grants
Cost Of Sales921,3591,044,2041,203,0911,742,8851,690,832626,392611,651705,103342,9121,546,8871,523,7001,606,0801,662,1761,368,2891,230,095
Gross Profit241,482257,364335,399475,834416,934142,901134,836144,68775,351420,183473,827538,695333,424229,491245,674
Admin Expenses259,828251,853625,216445,255482,115157,129165,135123,89650,100364,877434,450492,376302,631286,578125,234
Operating Profit-18,3465,511-289,81730,579-65,181-14,228-30,29920,79125,25155,30639,37746,31930,793-57,087120,440
Interest Payable1,7202,8461,494901352
Interest Receivable76523911212111113811779
Pre-Tax Profit-17,5815,533-289,72630,591-66,901-17,073-31,79119,89124,90155,30839,37846,32030,831-56,970120,519
Tax-1,051-5,812-3,978-4,980-11,615-9,057-11,117-8,016-33,745
Profit After Tax-17,5814,482-289,72624,779-66,901-17,073-31,79115,91319,92143,69330,32135,20322,815-56,97086,774
Dividends Paid
Retained Profit-17,5814,482-289,72624,779-66,901-17,073-31,79115,91319,92143,69330,32135,20322,815-56,97086,774
Employee Costs974,0171,010,137956,582920,571931,750906,840971,7741,132,501202,950911,025912,736983,281897,608739,495696,621
Number Of Employees475151525454586712535357524341
EBITDA*-18,3465,511-289,81730,579-62,353-9,324-26,04425,46629,83470,43763,10967,78951,433-47,568120,846

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets6,5786,48210,73713,73218,31529,76846,37255,11674,7961,948
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets6,5786,48210,73713,73218,31529,76846,37255,11674,7961,948
Stock & work in progress
Trade Debtors38,89999,62395,146359,452350,92064,54060,97064,83274,896294,229269,004247,026207,338167,435177,057
Group Debtors
Misc Debtors297,072275,959205,895
Cash28,45867938523,9401871331795092413371684228715,03631,598
misc current assets
total current assets67,357100,30295,531383,392351,107371,654358,221341,300281,032294,566269,172247,068207,625182,471208,655
total assets67,357100,30295,531383,392351,107378,232364,703352,037294,764312,881298,940293,440262,741257,267210,603
Bank overdraft42,08127,94818,01110,816
Bank loan
Trade Creditors 263,398278,762278,473276,608269,10218,6225,4837,9915,026142,846169,893178,687182,626185,983122,598
Group/Directors Accounts18,16147,1616251,131
other short term finances14,308
hp & lease commitments4,0205,8848,000
other current liabilities143,11275,22088,440
total current liabilities263,398278,762278,473276,608269,102229,326198,724154,267112,907142,846169,893178,687182,626185,983123,729
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities8,0999,22622,31327,39641,380
provisions1,5784,518
total long term liabilities8,09910,80426,83127,39641,380
total liabilities263,398278,762278,473276,608269,102229,326198,724154,267112,907150,945180,697205,518210,022227,363123,729
net assets-196,041-178,460-182,942106,78482,005148,906165,979197,770181,857161,936118,24387,92252,71929,90486,874
total shareholders funds-196,041-178,460-182,942106,78482,005148,906165,979197,770181,857161,936118,24387,92252,71929,90486,874
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-18,3465,511-289,81730,579-65,181-14,228-30,29920,79125,25155,30639,37746,31930,793-57,087120,440
Depreciation2,8284,9044,2554,6754,58315,13123,73221,47020,6409,519406
Amortisation
Tax-1,051-5,812-3,978-4,980-11,615-9,057-11,117-8,016-33,745
Stock
Debtors-60,7244,477-264,3068,532286,380-293,50217,25160,000-13,43825,22521,97839,68839,903-9,622177,057
Creditors-15,3642891,8657,506250,48013,139-2,5082,965-137,820-27,047-8,794-3,939-3,35763,385122,598
Accruals and Deferred Income-143,11267,892-13,22088,440
Deferred Taxes & Provisions-1,578-2,9404,518
Cash flow from operations27,014272-23,64623,741-98,253154,20522,089-48,767-11,0884,97220,34017,56315725,43932,642
Investing Activities
capital expenditure3,750-5,000-1,680-3,678-7,128-12,726-960-82,367-2,354
Change in Investments
cash flow from investments3,750-5,000-1,680-3,678-7,128-12,726-960-82,367-2,354
Financing Activities
Bank loans
Group/Directors Accounts-18,161-29,00046,536625-1,1311,131
Other Short Term Loans -14,30814,308
Long term loans
Hire Purchase and Lease Commitments-4,020-1,864-2,1168,000
other long term liabilities-8,099-1,127-13,087-5,083-13,98441,380
share issue100
interest765239112-1,720-2,845-1,492-900-3511113811779
cash flow from financing765239112-16,028-10,718-32,35643,520175-1,126-13,086-5,082-13,94640,3661,310
cash and cash equivalents
cash27,779294-23,55523,75354-46-330268-96169126-245-14,749-16,56231,598
overdraft-42,08114,1339,9377,19510,816
change in cash27,779294-23,55523,75342,135-14,179-10,267-6,927-10,912169126-245-14,749-16,56231,598

care assured 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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Care Assured Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for care assured limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in WN6 area or any other competitors across 12 key performance metrics.

care assured limited Ownership

CARE ASSURED LIMITED group structure

Care Assured Limited has no subsidiary companies.

Ultimate parent company

CARE ASSURED LIMITED

02850492

CARE ASSURED LIMITED Shareholders

neil tomlinson 100%

care assured limited directors

Care Assured Limited currently has 1 director, Mr Neil Tomlinson serving since Aug 2019.

officercountryagestartendrole
Mr Neil Tomlinson55 years Aug 2019- Director

P&L

March 2024

turnover

1.2m

-11%

operating profit

-18.3k

0%

gross margin

20.8%

+5.02%

turnover

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

Balance Sheet

March 2024

net assets

-196k

+0.1%

total assets

67.4k

-0.33%

cash

28.5k

+40.91%

net assets

Total assets minus all liabilities

care assured limited company details

company number

02850492

Type

Private limited with Share Capital

industry

88100 - Social work activities without accommodation for the elderly and disabled

incorporation date

September 1993

age

32

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

c/o focus insolvency group, skull house lane, wigan, WN6 9DW

Bank

-

Legal Advisor

-

care assured 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 1 charges/mortgages relating to care assured limited. Currently there are 0 open charges and 1 have been satisfied in the past.

care assured 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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care assured limited Companies House Filings - See Documents

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