laurel residential homes limited
laurel residential homes limited Company Information
Company Number
03426746
Next Accounts
Jan 2025
Industry
Other personal service activities n.e.c.
Shareholders
kevin betts
paperscope limited (06420429)
Group Structure
View All
Contact
Registered Address
5 deansway, worcester, WR1 2JG
Website
www.carehome.org.uklaurel residential homes limited Estimated Valuation
Pomanda estimates the enterprise value of LAUREL RESIDENTIAL HOMES LIMITED at £1.2m based on a Turnover of £1.6m and 0.73x industry multiple (adjusted for size and gross margin).
laurel residential homes limited Estimated Valuation
Pomanda estimates the enterprise value of LAUREL RESIDENTIAL HOMES LIMITED at £1.1m based on an EBITDA of £258k and a 4.34x industry multiple (adjusted for size and gross margin).
laurel residential homes limited Estimated Valuation
Pomanda estimates the enterprise value of LAUREL RESIDENTIAL HOMES LIMITED at £2.9m based on Net Assets of £1.5m and 1.97x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Laurel Residential Homes Limited Overview
Laurel Residential Homes Limited is a live company located in worcester, WR1 2JG with a Companies House number of 03426746. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in August 1997, it's largest shareholder is kevin betts with a 97.5% stake. Laurel Residential Homes Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with low growth in recent years.
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Laurel Residential Homes Limited Health Check
Pomanda's financial health check has awarded Laurel Residential Homes Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £1.6m, make it larger than the average company (£900.9k)
- Laurel Residential Homes Limited
£900.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5.6%)
- Laurel Residential Homes Limited
5.6% - Industry AVG
Production
with a gross margin of 41.2%, this company has a comparable cost of product (41.2%)
- Laurel Residential Homes Limited
41.2% - Industry AVG
Profitability
an operating margin of 10.9% make it more profitable than the average company (6.4%)
- Laurel Residential Homes Limited
6.4% - Industry AVG
Employees
with 44 employees, this is above the industry average (14)
44 - Laurel Residential Homes Limited
14 - Industry AVG
Pay Structure
on an average salary of £30.6k, the company has an equivalent pay structure (£30.6k)
- Laurel Residential Homes Limited
£30.6k - Industry AVG
Efficiency
resulting in sales per employee of £36.9k, this is less efficient (£87.4k)
- Laurel Residential Homes Limited
£87.4k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (31 days)
- Laurel Residential Homes Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (40 days)
- Laurel Residential Homes Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Laurel Residential Homes Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (45 weeks)
26 weeks - Laurel Residential Homes Limited
45 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.7%, this is a higher level of debt than the average (45.2%)
87.7% - Laurel Residential Homes Limited
45.2% - Industry AVG
LAUREL RESIDENTIAL HOMES LIMITED financials
Laurel Residential Homes Limited's latest turnover from April 2023 is estimated at £1.6 million and the company has net assets of £1.5 million. According to their latest financial statements, Laurel Residential Homes Limited has 44 employees and maintains cash reserves of £185.3 thousand 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 | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 44 | 45 | 45 | 46 | 46 | 50 | 43 | 45 | ||||||
| EBITDA* |
* 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 | 1,340,968 | 1,339,017 | 1,295,933 | 1,301,926 | 1,306,269 | 1,291,376 | 1,254,706 | 1,249,753 | 1,251,005 | 1,263,253 | 1,280,769 | 1,284,954 | 1,282,350 | 1,290,334 |
| Intangible Assets | 834 | 1,252 | 1,670 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 1,341,802 | 1,340,269 | 1,297,603 | 1,301,926 | 1,306,269 | 1,291,376 | 1,254,706 | 1,249,753 | 1,251,005 | 1,263,253 | 1,280,769 | 1,284,954 | 1,282,350 | 1,290,334 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 600 | 600 |
| Trade Debtors | 29,903 | 34,603 | 143,280 | 32,463 | 26,904 | 44,383 | 10,921 | 18,111 | 3,473,092 | 3,317,584 | 2,601,515 | 2,408,662 | 1,971,206 | 1,553,173 |
| Group Debtors | 10,243,473 | 10,401,384 | 8,658,268 | 8,667,950 | 8,677,992 | 8,677,993 | 8,677,993 | 2,688,997 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 18,514 | 19,698 | 1,625,245 | 1,672,293 | 1,423,695 | 1,558,519 | 1,638,479 | 1,381,310 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 185,270 | 78,036 | 127,388 | 860,687 | 136,558 | 61,764 | 42,526 | 57,418 | 34,485 | 68,429 | 53,823 | 3,170 | 46,208 | 4,896 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,477,160 | 10,533,721 | 10,554,181 | 11,233,393 | 10,265,149 | 10,342,659 | 10,369,919 | 4,145,836 | 3,507,577 | 3,386,013 | 2,655,338 | 2,411,832 | 2,018,014 | 1,558,669 |
| total assets | 11,818,962 | 11,873,990 | 11,851,784 | 12,535,319 | 11,571,418 | 11,634,035 | 11,624,625 | 5,395,589 | 4,758,582 | 4,649,266 | 3,936,107 | 3,696,786 | 3,300,364 | 2,849,003 |
| Bank overdraft | 0 | 0 | 0 | 0 | 242,757 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 242,757 | 237,955 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 44,306 | 92,369 | 32,386 | 13,195 | 121,946 | 162,920 | 30,800 | 18,592 | 3,449,062 | 3,607,827 | 3,319,457 | 3,101,927 | 3,292,385 | 2,360,308 |
| Group/Directors Accounts | 21,201 | 16,193 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 154,025 | 1,719 | 193,849 |
| other short term finances | 24,042 | 9,548 | 126,049 | 9,100,603 | 71,754 | 165,439 | 301,202 | 408,271 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 280,871 | 193,015 | 300,541 | 220,977 | 5,779,919 | 5,466,019 | 5,258,828 | 3,199,809 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 370,420 | 311,125 | 458,976 | 9,334,775 | 6,216,376 | 6,037,135 | 5,828,785 | 3,626,672 | 3,449,062 | 3,607,827 | 3,319,457 | 3,255,952 | 3,294,104 | 2,554,157 |
| loans | 9,955,322 | 9,272,361 | 8,589,401 | 0 | 3,317,781 | 3,560,539 | 3,803,296 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 36,719 | 29,389 | 10,907 | 3,869 | 9,890 | 7,500 | 7,199 | 7,199 | 7,175 | 7,942 | 9,736 | 0 | 0 | 0 |
| total long term liabilities | 9,992,041 | 9,301,750 | 8,600,308 | 3,869 | 3,327,671 | 3,568,039 | 3,810,495 | 7,199 | 7,175 | 7,942 | 9,736 | 0 | 0 | 0 |
| total liabilities | 10,362,461 | 9,612,875 | 9,059,284 | 9,338,644 | 9,544,047 | 9,605,174 | 9,639,280 | 3,633,871 | 3,456,237 | 3,615,769 | 3,329,193 | 3,255,952 | 3,294,104 | 2,554,157 |
| net assets | 1,456,501 | 2,261,115 | 2,792,500 | 3,196,675 | 2,027,371 | 2,028,861 | 1,985,345 | 1,761,718 | 1,302,345 | 1,033,497 | 606,914 | 440,834 | 6,260 | 294,846 |
| total shareholders funds | 1,456,501 | 2,261,115 | 2,792,500 | 3,196,675 | 2,027,371 | 2,028,861 | 1,985,345 | 1,761,718 | 1,302,345 | 1,033,497 | 606,914 | 440,834 | 6,260 | 294,846 |
| 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 | ||||||||||||||
| Depreciation | 80,658 | 73,997 | 57,087 | 51,340 | 42,209 | 35,973 | 33,738 | 33,402 | 32,714 | 31,181 | 28,326 | 23,562 | 23,721 | 37,545 |
| Amortisation | 418 | 418 | 418 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -600 | 0 | 600 |
| Debtors | -163,795 | 28,892 | 54,087 | 244,115 | -152,304 | -46,498 | 6,238,975 | 615,326 | 155,508 | 716,069 | 192,853 | 437,456 | 418,033 | 1,553,173 |
| Creditors | -48,063 | 59,983 | 19,191 | -108,751 | -40,974 | 132,120 | 12,208 | -3,430,470 | -158,765 | 288,370 | 217,530 | -190,458 | 932,077 | 2,360,308 |
| Accruals and Deferred Income | 87,856 | -107,526 | 79,564 | -5,558,942 | 313,900 | 207,191 | 2,059,019 | 3,199,809 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 7,330 | 18,482 | 7,038 | -6,021 | 2,390 | 301 | 0 | 24 | -767 | -1,794 | 9,736 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 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 | -242,757 | 4,802 | 237,955 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,008 | 16,193 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -154,025 | 152,306 | -192,130 | 193,849 |
| Other Short Term Loans | 14,494 | -116,501 | -8,974,554 | 9,028,849 | -93,685 | -135,763 | -107,069 | 408,271 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 682,961 | 682,960 | 8,589,401 | -3,317,781 | -242,758 | -242,757 | 3,803,296 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 107,234 | -49,352 | -733,299 | 724,129 | 74,794 | 19,238 | -14,892 | 22,933 | -33,944 | 14,606 | 50,653 | -43,038 | 41,312 | 4,896 |
| overdraft | 0 | 0 | 0 | -242,757 | 242,757 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 107,234 | -49,352 | -733,299 | 966,886 | -167,963 | 19,238 | -14,892 | 22,933 | -33,944 | 14,606 | 50,653 | -43,038 | 41,312 | 4,896 |
laurel residential homes limited Credit Report and Business Information
Laurel Residential Homes Limited Competitor Analysis
Perform a competitor analysis for laurel residential homes limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in WR1 area or any other competitors across 12 key performance metrics.
laurel residential homes limited Ownership
LAUREL RESIDENTIAL HOMES LIMITED group structure
Laurel Residential Homes Limited has no subsidiary companies.
laurel residential homes limited directors
Laurel Residential Homes Limited currently has 2 directors. The longest serving directors include Mr Kevin Betts (Mar 2008) and Ms Kathryn Betts (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Betts | England | 71 years | Mar 2008 | - | Director |
| Ms Kathryn Betts | 64 years | May 2018 | - | Director |
P&L
April 2023turnover
1.6m
-1%
operating profit
176.9k
0%
gross margin
41.2%
+1.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
1.5m
-0.36%
total assets
11.8m
0%
cash
185.3k
+1.37%
net assets
Total assets minus all liabilities
Similar Companies
laurel residential homes limited company details
company number
03426746
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
August 1997
age
27
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
HAZLEWOODS LLP
auditor
-
address
5 deansway, worcester, WR1 2JG
Bank
SANTANDER UK PLC
Legal Advisor
HARRISON CLARK RICKERBYS
laurel residential homes 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 laurel residential homes limited. Currently there are 0 open charges and 10 have been satisfied in the past.
laurel residential homes 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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laurel residential homes limited Companies House Filings - See Documents
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