absolute care homes (central) limited
absolute care homes (central) limited Company Information
Company Number
03233854
Next Accounts
70 days late
Directors
Shareholders
dr manjit singh pawar
the ms pawar no 18 family settlement
View AllGroup Structure
View All
Industry
Residential nursing care activities
Registered Address
the willows, ransom wood busines, southwell road west, rainworth, mansfield, nottinghamshire, NG21 0HJ
Website
-absolute care homes (central) limited Estimated Valuation
Pomanda estimates the enterprise value of ABSOLUTE CARE HOMES (CENTRAL) LIMITED at £4.8m based on a Turnover of £5.8m and 0.82x industry multiple (adjusted for size and gross margin).
absolute care homes (central) limited Estimated Valuation
Pomanda estimates the enterprise value of ABSOLUTE CARE HOMES (CENTRAL) LIMITED at £11.5m based on an EBITDA of £1.6m and a 6.99x industry multiple (adjusted for size and gross margin).
absolute care homes (central) limited Estimated Valuation
Pomanda estimates the enterprise value of ABSOLUTE CARE HOMES (CENTRAL) LIMITED at £44m based on Net Assets of £16m and 2.75x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Absolute Care Homes (central) Limited Overview
Absolute Care Homes (central) Limited is a live company located in mansfield, NG21 0HJ with a Companies House number of 03233854. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in August 1996, it's largest shareholder is dr manjit singh pawar with a 70.8% stake. Absolute Care Homes (central) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.8m with healthy growth in recent years.
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Absolute Care Homes (central) Limited Health Check
Pomanda's financial health check has awarded Absolute Care Homes (Central) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £5.8m, make it larger than the average company (£4.5m)
£5.8m - Absolute Care Homes (central) Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.6%)
7% - Absolute Care Homes (central) Limited
5.6% - Industry AVG
Production
with a gross margin of 41.1%, this company has a comparable cost of product (35.5%)
41.1% - Absolute Care Homes (central) Limited
35.5% - Industry AVG
Profitability
an operating margin of 27.5% make it more profitable than the average company (13.9%)
27.5% - Absolute Care Homes (central) Limited
13.9% - Industry AVG
Employees
with 121 employees, this is similar to the industry average (112)
121 - Absolute Care Homes (central) Limited
112 - Industry AVG
Pay Structure
on an average salary of £24.5k, the company has an equivalent pay structure (£22.8k)
£24.5k - Absolute Care Homes (central) Limited
£22.8k - Industry AVG
Efficiency
resulting in sales per employee of £47.7k, this is more efficient (£40.4k)
£47.7k - Absolute Care Homes (central) Limited
£40.4k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is later than average (20 days)
38 days - Absolute Care Homes (central) Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (18 days)
11 days - Absolute Care Homes (central) Limited
18 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (0 days)
0 days - Absolute Care Homes (central) Limited
0 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 458 weeks, this is more cash available to meet short term requirements (10 weeks)
458 weeks - Absolute Care Homes (central) Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.2%, this is a lower level of debt than the average (56%)
4.2% - Absolute Care Homes (central) Limited
56% - Industry AVG
ABSOLUTE CARE HOMES (CENTRAL) LIMITED financials
Absolute Care Homes (Central) Limited's latest turnover from April 2023 is £5.8 million and the company has net assets of £16 million. According to their latest financial statements, Absolute Care Homes (Central) Limited has 121 employees and maintains cash reserves of £5.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | 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 | 5,768,165 | 10,625,775 | 5,641,166 | 4,744,253 | 4,192,538 | 3,769,599 | 3,625,998 | 3,266,872 | 2,934,462 | 2,425,263 | 1,223,454 | |||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 3,399,681 | 5,241,684 | 2,755,154 | 2,658,513 | 2,511,135 | 2,261,882 | 2,046,945 | 1,982,245 | 1,577,504 | 1,432,873 | 928,578 | |||
| Gross Profit | 2,368,484 | 5,384,091 | 2,886,012 | 2,085,740 | 1,681,403 | 1,507,717 | 1,579,053 | 1,284,627 | 1,356,958 | 992,390 | 294,876 | |||
| Admin Expenses | 779,886 | 656,091 | 385,525 | 346,229 | 6,484 | 339,878 | 733,712 | -282,405 | 271,675 | 68,179 | 398,547 | |||
| Operating Profit | 1,588,598 | 4,728,000 | 2,500,487 | 1,739,511 | 1,674,919 | 1,167,839 | 845,341 | 1,567,032 | 1,085,283 | 924,211 | -103,671 | |||
| Interest Payable | 21,371 | 39,005 | 99,887 | 131,242 | 81,970 | 56,534 | 57,022 | 74,442 | 94,188 | 105,014 | 105,211 | |||
| Interest Receivable | 13,631 | 6,788 | 1,377 | 6,986 | 4,372 | 183 | 1,766 | 672 | 531 | 879 | 137 | |||
| Pre-Tax Profit | 1,580,858 | 4,695,783 | 2,905,847 | 1,615,255 | 1,597,321 | 1,111,488 | 790,085 | 1,493,262 | 991,626 | 820,076 | -208,745 | |||
| Tax | -327,609 | -895,763 | -555,770 | -312,687 | -313,867 | -216,958 | -236,433 | -242,429 | -209,617 | -182,033 | 24,723 | |||
| Profit After Tax | 1,253,249 | 3,800,020 | 2,350,077 | 1,302,568 | 1,283,454 | 894,530 | 553,652 | 1,250,833 | 782,009 | 638,043 | -184,022 | |||
| Dividends Paid | 10,000 | 1,315,000 | ||||||||||||
| Retained Profit | 1,253,249 | 3,800,020 | 2,350,077 | 1,302,568 | 1,283,454 | 884,530 | 553,652 | 1,250,833 | -532,991 | 638,043 | -184,022 | |||
| Employee Costs | 2,964,075 | 3,751,370 | 3,096,630 | 2,381,818 | 2,268,677 | 1,909,209 | 1,842,179 | 1,600,415 | 1,326,189 | 1,274,375 | 799,556 | |||
| Number Of Employees | 121 | 184 | 177 | 131 | 142 | 130 | 122 | 113 | 98 | 101 | 53 | |||
| EBITDA* | 1,641,546 | 4,784,016 | 2,557,234 | 1,796,912 | 1,735,297 | 1,231,563 | 1,290,736 | 1,640,321 | 1,163,622 | 1,010,116 | 277,580 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | 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 | 3,389,386 | 3,432,199 | 3,462,186 | 3,474,320 | 3,508,934 | 3,560,822 | 5,107,733 | 5,365,662 | 5,404,762 | 6,275,738 | 6,324,226 | 5,967,124 | 3,551,812 | |
| Intangible Assets | ||||||||||||||
| Investments & Other | 2 | 2,000,000 | 1,938,269 | |||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 3,389,386 | 3,432,199 | 3,462,186 | 3,474,320 | 3,508,934 | 3,560,824 | 5,107,733 | 5,365,662 | 7,404,762 | 6,275,738 | 6,324,226 | 5,967,124 | 3,551,812 | 1,938,269 |
| Stock & work in progress | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 751,246 | 500 | 500 | 500 | 1,126,767 | 1,126,767 | 1,126,267 | 1,126,267 | 1,432,402 |
| Trade Debtors | 609,871 | 680,024 | 692,285 | 331,852 | 247,771 | 359,531 | 315,693 | 189,676 | 124,537 | 63,909 | 36,463 | 357,922 | 1,285,475 | 1,165,475 |
| Group Debtors | 6,900,234 | 7,011,926 | 6,536,803 | 7,624,057 | 5,025,061 | 4,929,993 | ||||||||
| Misc Debtors | 22,756 | 33,528 | 502,781 | 31,381 | 422,427 | 23,541 | 927,608 | 667,961 | 35,684 | 64,333 | 106,790 | |||
| Cash | 5,818,063 | 4,731,489 | 3,731,376 | 2,739,617 | 2,859,732 | 699,138 | 2,662,910 | 3,005,007 | 657,909 | 645,357 | 355,006 | 179,038 | 335,081 | 761,532 |
| misc current assets | ||||||||||||||
| total current assets | 13,352,170 | 12,458,213 | 11,464,491 | 10,728,153 | 8,556,237 | 6,763,449 | 3,906,711 | 3,863,144 | 818,630 | 1,900,366 | 1,625,026 | 1,663,227 | 2,746,823 | 3,359,409 |
| total assets | 16,741,556 | 15,890,412 | 14,926,677 | 14,202,473 | 12,065,171 | 10,324,273 | 9,014,444 | 9,228,806 | 8,223,392 | 8,176,104 | 7,949,252 | 7,630,351 | 6,298,635 | 5,297,678 |
| Bank overdraft | ||||||||||||||
| Bank loan | 2,958,546 | 5,127,208 | 222,797 | 201,289 | 197,100 | 185,740 | 180,790 | 173,244 | 90,051 | |||||
| Trade Creditors | 109,039 | 72,408 | 49,631 | 61,022 | 63,131 | 110,508 | 75,081 | 110,739 | 104,370 | 26,137 | 38,393 | 3,424,145 | 1,903,050 | 1,065,144 |
| Group/Directors Accounts | 189,031 | 60,748 | 696,257 | 695,386 | 199,527 | 206,439 | 614,478 | |||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 550,745 | 994,875 | 708,707 | 341,265 | 681,731 | 303,749 | 414,974 | 565,656 | 486,751 | 382,639 | 244,509 | |||
| total current liabilities | 659,784 | 1,067,283 | 3,905,915 | 5,529,495 | 1,028,407 | 1,311,803 | 687,155 | 1,557,521 | 971,438 | 788,459 | 987,431 | 3,424,145 | 1,903,050 | 1,065,144 |
| loans | 3,668,573 | 2,138,998 | 2,340,287 | 2,474,915 | 2,660,655 | 2,911,126 | 3,157,811 | |||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 218,174 | 279,958 | 279,933 | |||||||||||
| provisions | 43,507 | 38,113 | 35,766 | 38,059 | 35,840 | 74,575 | 34,834 | 36,475 | 102,985 | 34,466 | ||||
| total long term liabilities | 43,507 | 38,113 | 35,766 | 38,059 | 3,704,413 | 2,213,573 | 2,375,121 | 2,511,390 | 2,763,640 | 2,945,592 | 3,157,811 | 218,174 | 279,958 | 279,933 |
| total liabilities | 703,291 | 1,105,396 | 3,941,681 | 5,567,554 | 4,732,820 | 3,525,376 | 3,062,276 | 4,068,911 | 3,735,078 | 3,734,051 | 4,145,242 | 3,642,319 | 2,183,008 | 1,345,077 |
| net assets | 16,038,265 | 14,785,016 | 10,984,996 | 8,634,919 | 7,332,351 | 6,798,897 | 5,952,168 | 5,159,895 | 4,488,314 | 4,442,053 | 3,804,010 | 3,988,032 | 4,115,627 | 3,952,601 |
| total shareholders funds | 16,038,265 | 14,785,016 | 10,984,996 | 8,634,919 | 7,332,351 | 6,798,897 | 5,952,168 | 5,159,895 | 4,488,314 | 4,442,053 | 3,804,010 | 3,988,032 | 4,115,627 | 3,952,601 |
| Apr 2023 | 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 | 1,588,598 | 4,728,000 | 2,500,487 | 1,739,511 | 1,674,919 | 1,167,839 | 845,341 | 1,567,032 | 1,085,283 | 924,211 | -103,671 | |||
| Depreciation | 52,948 | 56,016 | 56,747 | 57,401 | 60,378 | 63,724 | 445,395 | 73,289 | 78,339 | 85,905 | 93,759 | 40,824 | ||
| Amortisation | 287,492 | |||||||||||||
| Tax | -327,609 | -895,763 | -555,770 | -312,687 | -313,867 | -216,958 | -236,433 | -242,429 | -209,617 | -182,033 | 24,723 | |||
| Stock | -750,000 | 750,746 | -1,126,267 | 500 | -306,135 | 1,432,402 | ||||||||
| Debtors | -192,617 | -6,391 | -255,421 | 2,292,031 | 382,194 | 4,069,764 | 385,664 | 697,416 | 31,979 | -15,011 | -214,669 | -927,553 | 120,000 | 1,165,475 |
| Creditors | 36,631 | 22,777 | -11,391 | -2,109 | -47,377 | 35,427 | -35,658 | 6,369 | 78,233 | -12,256 | -3,385,752 | 1,521,095 | 837,906 | 1,065,144 |
| Accruals and Deferred Income | -444,130 | 286,168 | 367,442 | -340,466 | 377,982 | -111,225 | -150,682 | 78,905 | 104,112 | 138,130 | 244,509 | |||
| Deferred Taxes & Provisions | 5,394 | 2,347 | -2,293 | 2,219 | -38,735 | 39,741 | -1,641 | -66,510 | 68,519 | 34,466 | ||||
| Cash flow from operations | 1,104,449 | 4,205,936 | 2,610,643 | -1,148,162 | 2,081,106 | -3,841,962 | 480,658 | 719,240 | 2,299,157 | 1,003,434 | -2,624,771 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | 750,000 | 2,003,429 | 599,784 | -37,417 | -777,020 | |||||||||
| Change in Investments | -2 | 2 | -2,000,000 | 2,000,000 | -1,938,269 | 1,938,269 | ||||||||
| cash flow from investments | 2 | 749,998 | 4,003,429 | -1,400,216 | -37,417 | -777,020 | ||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -2,958,546 | -2,168,662 | 4,904,411 | 21,508 | 4,189 | 11,360 | 4,950 | 7,546 | 83,193 | 90,051 | ||||
| Group/Directors Accounts | -189,031 | 189,031 | -60,748 | -635,509 | 696,257 | -695,386 | 495,859 | -6,912 | -408,039 | 614,478 | ||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -3,668,573 | 1,529,575 | -201,289 | -134,628 | -185,740 | -250,471 | -246,685 | 3,157,811 | ||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -218,174 | -61,784 | 25 | 279,933 | ||||||||||
| share issue | ||||||||||||||
| interest | -7,740 | -32,217 | -98,510 | -124,256 | -77,598 | -56,351 | -55,256 | -73,770 | -93,657 | -104,135 | -105,074 | |||
| cash flow from financing | -7,740 | -3,179,794 | -2,078,141 | 1,050,834 | 87,976 | 405,005 | -635,289 | -337,953 | 235,758 | -675,666 | 3,539,092 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 1,086,574 | 1,000,113 | 991,759 | -120,115 | 2,160,594 | -1,963,772 | -342,097 | 2,347,098 | 12,552 | 290,351 | 175,968 | -156,043 | -426,451 | 761,532 |
| overdraft | ||||||||||||||
| change in cash | 1,086,574 | 1,000,113 | 991,759 | -120,115 | 2,160,594 | -1,963,772 | -342,097 | 2,347,098 | 12,552 | 290,351 | 175,968 | -156,043 | -426,451 | 761,532 |
absolute care homes (central) limited Credit Report and Business Information
Absolute Care Homes (central) Limited Competitor Analysis
Perform a competitor analysis for absolute care homes (central) limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in NG21 area or any other competitors across 12 key performance metrics.
absolute care homes (central) limited Ownership
ABSOLUTE CARE HOMES (CENTRAL) LIMITED group structure
Absolute Care Homes (Central) Limited has no subsidiary companies.
Ultimate parent company
ABSOLUTE CARE HOMES (CENTRAL) LIMITED
03233854
absolute care homes (central) limited directors
Absolute Care Homes (Central) Limited currently has 1 director, Dr Manjit Pawar serving since Aug 1996.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Manjit Pawar | United Kingdom | 72 years | Aug 1996 | - | Director |
P&L
April 2023turnover
5.8m
-46%
operating profit
1.6m
-66%
gross margin
41.1%
-18.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
16m
+0.08%
total assets
16.7m
+0.05%
cash
5.8m
+0.23%
net assets
Total assets minus all liabilities
absolute care homes (central) limited company details
company number
03233854
Type
Private limited with Share Capital
industry
87100 - Residential nursing care activities
incorporation date
August 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
absolute care homes (coalville) limited (April 2000)
accountant
-
auditor
NUVO AUDIT LIMITED
address
the willows, ransom wood busines, southwell road west, rainworth, mansfield, nottinghamshire, NG21 0HJ
Bank
YORKSHIRE BANK PLC
Legal Advisor
SQUIRE PATTON BOGGS (UK) LLP
absolute care homes (central) 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 10 charges/mortgages relating to absolute care homes (central) limited. Currently there are 0 open charges and 10 have been satisfied in the past.
absolute care homes (central) 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 ABSOLUTE CARE HOMES (CENTRAL) LIMITED. This can take several minutes, an email will notify you when this has completed.
absolute care homes (central) limited Companies House Filings - See Documents
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