newcross healthcare solutions limited
newcross healthcare solutions limited Company Information
Company Number
03184321
Website
www.newcrosshealthcare.comRegistered Address
waterside, berry pomeroy, totnes, devon, TQ9 6LH
Industry
Temporary employment agency activities
Telephone
01803867800
Next Accounts Due
159 days late
Group Structure
View All
Shareholders
newcross nursing group limited 90.3%
newcross healthcare solutions limited 4.3%
View Allnewcross healthcare solutions limited Estimated Valuation
Pomanda estimates the enterprise value of NEWCROSS HEALTHCARE SOLUTIONS LIMITED at £86.9m based on a Turnover of £159m and 0.55x industry multiple (adjusted for size and gross margin).
newcross healthcare solutions limited Estimated Valuation
Pomanda estimates the enterprise value of NEWCROSS HEALTHCARE SOLUTIONS LIMITED at £239.7m based on an EBITDA of £25.7m and a 9.34x industry multiple (adjusted for size and gross margin).
newcross healthcare solutions limited Estimated Valuation
Pomanda estimates the enterprise value of NEWCROSS HEALTHCARE SOLUTIONS LIMITED at £17.6m based on Net Assets of £11.3m and 1.56x industry multiple (adjusted for liquidity).
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Newcross Healthcare Solutions Limited Overview
Newcross Healthcare Solutions Limited is a live company located in totnes, TQ9 6LH with a Companies House number of 03184321. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in April 1996, it's largest shareholder is newcross nursing group limited with a 90.3% stake. Newcross Healthcare Solutions Limited is a mature, mega sized company, Pomanda has estimated its turnover at £159m with healthy growth in recent years.
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Newcross Healthcare Solutions Limited Health Check
Pomanda's financial health check has awarded Newcross Healthcare Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
3 Regular
1 Weak
Size
annual sales of £159m, make it larger than the average company (£11.7m)
£159m - Newcross Healthcare Solutions Limited
£11.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (-0.8%)
7% - Newcross Healthcare Solutions Limited
-0.8% - Industry AVG
Production
with a gross margin of 35.8%, this company has a lower cost of product (16.6%)
35.8% - Newcross Healthcare Solutions Limited
16.6% - Industry AVG
Profitability
an operating margin of 15.8% make it more profitable than the average company (2.9%)
15.8% - Newcross Healthcare Solutions Limited
2.9% - Industry AVG
Employees
with 3634 employees, this is above the industry average (44)
3634 - Newcross Healthcare Solutions Limited
44 - Industry AVG
Pay Structure
on an average salary of £31.5k, the company has a lower pay structure (£46k)
£31.5k - Newcross Healthcare Solutions Limited
£46k - Industry AVG
Efficiency
resulting in sales per employee of £43.8k, this is less efficient (£259.8k)
£43.8k - Newcross Healthcare Solutions Limited
£259.8k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (49 days)
47 days - Newcross Healthcare Solutions Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is slower than average (3 days)
5 days - Newcross Healthcare Solutions Limited
3 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is in line with average (0 days)
0 days - Newcross Healthcare Solutions Limited
0 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (5 weeks)
23 weeks - Newcross Healthcare Solutions Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.7%, this is a similar level of debt than the average (77.4%)
71.7% - Newcross Healthcare Solutions Limited
77.4% - Industry AVG
NEWCROSS HEALTHCARE SOLUTIONS LIMITED financials
Newcross Healthcare Solutions Limited's latest turnover from April 2022 is £159 million and the company has net assets of £11.3 million. According to their latest financial statements, Newcross Healthcare Solutions Limited has 3,634 employees and maintains cash reserves of £12.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 159,024,768 | 105,156,061 | 134,665,017 | 128,298,731 | 116,171,670 | 105,737,570 | 89,930,284 | 67,575,487 | 45,440,418 | 31,928,847 | 22,854,795 | 18,669,557 | 17,566,334 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 102,038,110 | 69,852,556 | 88,241,605 | 83,378,381 | 75,091,365 | 67,844,939 | 58,090,508 | 43,857,568 | 29,287,742 | 20,413,249 | 14,819,600 | 12,244,730 | 11,528,030 |
| Gross Profit | 56,986,658 | 35,303,505 | 46,423,412 | 44,920,350 | 41,080,305 | 37,892,631 | 31,839,776 | 23,717,919 | 16,152,676 | 11,515,598 | 8,035,195 | 6,424,827 | 6,038,304 |
| Admin Expenses | 31,916,404 | 23,246,113 | 24,423,454 | 22,388,677 | 24,288,529 | 16,862,043 | 14,127,956 | 11,528,528 | 8,297,324 | 6,005,147 | 4,655,051 | 3,954,275 | 3,519,095 |
| Operating Profit | 25,070,254 | 12,057,392 | 21,999,958 | 22,531,673 | 16,791,776 | 21,030,588 | 17,711,820 | 12,189,391 | 7,855,352 | 5,510,451 | 3,380,144 | 2,470,552 | 2,519,209 |
| Interest Payable | 0 | 0 | 12,639 | 0 | 0 | 0 | 0 | 395 | 582 | 0 | 0 | 1,662 | 103,982 |
| Interest Receivable | 576 | 5,215 | 32,341 | 26,083 | 7,015 | 7,592 | 10,870 | 4,477 | 5,716 | 5,163 | 6,476 | 14,093 | 9,046 |
| Pre-Tax Profit | 25,070,830 | 12,062,607 | 22,019,660 | 22,552,895 | 16,798,791 | 21,038,180 | 17,722,690 | 12,223,056 | 7,860,486 | 5,526,218 | 3,363,935 | 2,572,180 | 2,436,621 |
| Tax | -4,714,216 | -2,310,192 | -4,146,366 | -4,295,292 | -3,223,231 | -4,193,603 | -3,488,338 | -2,384,351 | -1,810,460 | -1,348,490 | -862,948 | -706,757 | -644,834 |
| Profit After Tax | 20,356,614 | 9,752,415 | 17,873,294 | 18,257,603 | 13,575,560 | 16,844,577 | 14,234,352 | 9,838,705 | 6,050,026 | 4,177,728 | 2,500,987 | 1,865,423 | 1,791,787 |
| Dividends Paid | 15,900,627 | 16,365,000 | 15,870,000 | 20,430,000 | 11,000,000 | 17,000,000 | 7,997,818 | 6,800,000 | 7,750,000 | 4,850,000 | 1,750,000 | 1,700,000 | 1,900,000 |
| Retained Profit | 4,455,987 | -6,612,585 | 2,003,294 | -2,172,397 | 2,575,560 | -155,423 | 6,236,534 | 3,038,705 | -1,699,974 | -672,272 | 750,987 | 165,423 | -108,213 |
| Employee Costs | 114,335,879 | 79,534,543 | 96,591,881 | 90,475,320 | 86,647,157 | 72,617,537 | 61,880,299 | 47,231,944 | 31,812,645 | 21,834,122 | 15,794,198 | 13,078,013 | 12,149,784 |
| Number Of Employees | 3,634 | 2,634 | 3,454 | 3,388 | 3,131 | 2,719 | 2,329 | 1,786 | 1,289 | 1,102 | 857 | 551 | 513 |
| EBITDA* | 25,652,486 | 12,525,271 | 22,488,153 | 23,068,181 | 17,383,513 | 21,362,434 | 18,013,055 | 12,443,128 | 8,082,598 | 5,681,997 | 3,515,751 | 2,598,246 | 2,635,021 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 931,891 | 641,647 | 617,716 | 859,742 | 1,083,228 | 841,136 | 462,593 | 465,370 | 386,918 | 243,230 | 166,145 | 131,627 | 119,282 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,926 | 81,111 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 931,891 | 641,647 | 617,716 | 859,742 | 1,083,228 | 841,136 | 462,593 | 465,370 | 386,918 | 243,230 | 166,145 | 167,553 | 200,393 |
| Stock & work in progress | 205,363 | 264,100 | 116,337 | 84,585 | 86,863 | 86,123 | 70,631 | 62,911 | 37,712 | 19,892 | 17,696 | 21,393 | 25,423 |
| Trade Debtors | 20,675,505 | 12,364,941 | 14,787,803 | 11,447,316 | 11,135,394 | 9,970,549 | 8,639,182 | 8,752,071 | 5,751,297 | 4,427,380 | 3,157,653 | 1,929,061 | 1,859,205 |
| Group Debtors | 1,483,704 | 1,067,684 | 705,196 | 564,931 | 563,550 | 526,261 | 1,268,728 | 0 | 0 | 70,510 | 0 | 0 | 35,452 |
| Misc Debtors | 4,083,015 | 2,393,866 | 4,789,880 | 4,261,963 | 3,692,639 | 3,196,907 | 2,060,527 | 1,211,178 | 765,876 | 445,452 | 316,005 | 523,204 | 418,348 |
| Cash | 12,602,713 | 10,811,991 | 12,543,339 | 12,983,390 | 14,318,845 | 8,897,765 | 7,790,431 | 1,630,040 | 1,619,125 | 1,276,063 | 1,916,059 | 2,054,802 | 2,077,493 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 646,061 | 499,372 | 434,669 |
| total current assets | 39,050,300 | 26,902,582 | 32,942,555 | 29,342,185 | 29,797,291 | 22,677,605 | 19,829,499 | 11,656,200 | 8,174,010 | 6,239,297 | 6,053,474 | 5,027,832 | 4,850,590 |
| total assets | 39,982,191 | 27,544,229 | 33,560,271 | 30,201,927 | 30,880,519 | 23,518,741 | 20,292,092 | 12,121,570 | 8,560,928 | 6,482,527 | 6,219,619 | 5,195,385 | 5,050,983 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,549,701 | 1,772,987 | 1,471,472 | 1,134,276 | 981,896 | 912,320 | 780,060 | 442,273 | 385,893 | 202,660 | 193,092 | 164,317 | 122,716 |
| Group/Directors Accounts | 16,066,460 | 13,185,652 | 12,415,422 | 9,660,262 | 5,931,430 | 4,748,517 | 2,776,245 | 2,358,936 | 3,310,123 | 138,800 | 160,519 | 229,669 | 40,014 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,657,634 | 5,152,526 | 6,198,927 | 7,729,726 | 10,251,528 | 6,773,758 | 5,458,504 | 4,304,785 | 2,935,043 | 2,500,297 | 1,552,006 | 1,237,275 | 1,378,356 |
| total current liabilities | 28,273,795 | 20,111,165 | 20,085,821 | 18,524,264 | 17,164,854 | 12,434,595 | 9,014,809 | 7,105,994 | 6,631,059 | 2,841,757 | 1,905,617 | 1,631,261 | 1,541,086 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 140,400 |
| provisions | 384,271 | 619,862 | 48,663 | 255,170 | 120,775 | 64,816 | 102,530 | 77,357 | 30,355 | 41,282 | 42,242 | 43,351 | 14,147 |
| total long term liabilities | 384,271 | 619,862 | 48,663 | 255,170 | 120,775 | 64,816 | 102,530 | 77,357 | 30,355 | 41,282 | 42,242 | 43,351 | 154,547 |
| total liabilities | 28,658,066 | 20,731,027 | 20,134,484 | 18,779,434 | 17,285,629 | 12,499,411 | 9,117,339 | 7,183,351 | 6,661,414 | 2,883,039 | 1,947,859 | 1,674,612 | 1,695,633 |
| net assets | 11,324,125 | 6,813,202 | 13,425,787 | 11,422,493 | 13,594,890 | 11,019,330 | 11,174,753 | 4,938,219 | 1,899,514 | 3,599,488 | 4,271,760 | 3,520,773 | 3,355,350 |
| total shareholders funds | 11,324,125 | 6,813,202 | 13,425,787 | 11,422,493 | 13,594,890 | 11,019,330 | 11,174,753 | 4,938,219 | 1,899,514 | 3,599,488 | 4,271,760 | 3,520,773 | 3,355,350 |
| Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 25,070,254 | 12,057,392 | 21,999,958 | 22,531,673 | 16,791,776 | 21,030,588 | 17,711,820 | 12,189,391 | 7,855,352 | 5,510,451 | 3,380,144 | 2,470,552 | 2,519,209 |
| Depreciation | 582,232 | 467,879 | 488,195 | 536,508 | 591,737 | 331,846 | 301,235 | 253,737 | 227,246 | 171,546 | 99,681 | 82,509 | 71,090 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,926 | 45,185 | 44,722 |
| Tax | -4,714,216 | -2,310,192 | -4,146,366 | -4,295,292 | -3,223,231 | -4,193,603 | -3,488,338 | -2,384,351 | -1,810,460 | -1,348,490 | -862,948 | -706,757 | -644,834 |
| Stock | -58,737 | 147,763 | 31,752 | -2,278 | 740 | 15,492 | 7,720 | 25,199 | 17,820 | 2,196 | -3,697 | -4,030 | 25,423 |
| Debtors | 10,415,733 | -4,456,388 | 4,008,669 | 882,627 | 1,697,866 | 1,725,280 | 2,005,188 | 3,446,076 | 1,573,831 | 1,469,684 | 1,021,393 | 139,260 | 2,313,005 |
| Creditors | -223,286 | 301,515 | 337,196 | 152,380 | 69,576 | 132,260 | 337,787 | 56,380 | 183,233 | 9,568 | 28,775 | 41,601 | 122,716 |
| Accruals and Deferred Income | 5,505,108 | -1,046,401 | -1,530,799 | -2,521,802 | 3,477,770 | 1,315,254 | 1,153,719 | 1,369,742 | 434,746 | 948,291 | 314,731 | -141,081 | 1,378,356 |
| Deferred Taxes & Provisions | -235,591 | 571,199 | -206,507 | 134,395 | 55,959 | -37,714 | 25,173 | 47,002 | -10,927 | -960 | -1,109 | 29,204 | 14,147 |
| Cash flow from operations | 15,627,505 | 14,350,017 | 12,901,256 | 15,657,513 | 16,064,981 | 16,837,859 | 14,028,488 | 8,060,626 | 5,287,539 | 3,818,526 | 1,977,504 | 1,685,983 | 1,166,978 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,880,808 | 770,230 | 2,755,160 | 3,728,832 | 1,182,913 | 1,972,272 | 417,309 | -951,187 | 3,171,323 | -21,719 | -69,150 | 189,655 | 40,014 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -140,400 | 140,400 |
| share issue | |||||||||||||
| interest | 576 | 5,215 | 19,702 | 26,083 | 7,015 | 7,592 | 10,870 | 4,082 | 5,134 | 5,163 | 6,476 | 12,431 | -94,936 |
| cash flow from financing | 2,936,320 | 775,445 | 2,774,862 | 3,754,915 | 1,189,928 | 1,979,864 | 428,179 | -947,105 | 3,176,457 | -16,556 | -62,674 | 61,686 | 3,549,041 |
| cash and cash equivalents | |||||||||||||
| cash | 1,790,722 | -1,731,348 | -440,051 | -1,335,455 | 5,421,080 | 1,107,334 | 6,160,391 | 10,915 | 343,062 | -639,996 | -138,743 | -22,691 | 2,077,493 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,790,722 | -1,731,348 | -440,051 | -1,335,455 | 5,421,080 | 1,107,334 | 6,160,391 | 10,915 | 343,062 | -639,996 | -138,743 | -22,691 | 2,077,493 |
newcross healthcare solutions limited Credit Report and Business Information
Newcross Healthcare Solutions Limited Competitor Analysis
Perform a competitor analysis for newcross healthcare solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
newcross healthcare solutions limited Ownership
NEWCROSS HEALTHCARE SOLUTIONS LIMITED group structure
Newcross Healthcare Solutions Limited has 2 subsidiary companies.
Ultimate parent company
BELUGA ROCK HOLDINGS LTD
#0082069
2 parents
NEWCROSS HEALTHCARE SOLUTIONS LIMITED
03184321
2 subsidiaries
newcross healthcare solutions limited directors
Newcross Healthcare Solutions Limited currently has 12 directors. The longest serving directors include Mr Stephen Pattrick (Jun 1996) and Ms Michelle Gorringe Lugtigheid (May 1997).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Pattrick | England | 57 years | Jun 1996 | - | Director |
| Ms Michelle Gorringe Lugtigheid | 59 years | May 1997 | - | Director | |
| Mr Geoff White | 55 years | Mar 2012 | - | Director | |
| Mrs Alix Ripley | 37 years | Jan 2021 | - | Director | |
| Me Emma Inston | 56 years | Jun 2021 | - | Director | |
| Mr Martin Weigold | United Kingdom | 59 years | May 2022 | - | Director |
| Mr Marco Alparone | 48 years | May 2022 | - | Director | |
| Mr David Balls | England | 49 years | Jul 2022 | - | Director |
| Mr Mohammed Mirza | United Kingdom | 56 years | Sep 2022 | - | Director |
| Mrs Claire Reader | 41 years | May 2023 | - | Director |
P&L
April 2022turnover
159m
+51%
operating profit
25.1m
+108%
gross margin
35.9%
+6.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2022net assets
11.3m
+0.66%
total assets
40m
+0.45%
cash
12.6m
+0.17%
net assets
Total assets minus all liabilities
newcross healthcare solutions limited company details
company number
03184321
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
April 1996
age
28
accounts
Full Accounts
ultimate parent company
previous names
newcross nursing agency limited (June 2004)
newcross agency limited (July 1996)
incorporated
UK
address
waterside, berry pomeroy, totnes, devon, TQ9 6LH
last accounts submitted
April 2022
newcross healthcare solutions 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 8 charges/mortgages relating to newcross healthcare solutions limited. Currently there are 1 open charges and 7 have been satisfied in the past.
newcross healthcare solutions limited Companies House Filings - See Documents
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