principal healthcare finance (uk) no.1 limited
principal healthcare finance (uk) no.1 limited Company Information
Company Number
03450597
Website
http://fshc.co.ukRegistered Address
norcliffe house station road, wilmslow, SK9 1BU
Industry
Renting and operating of Housing Association real estate
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
principal healthcare finance (uk) no. 2 ltd 100%
principal healthcare finance (uk) no.1 limited Estimated Valuation
Pomanda estimates the enterprise value of PRINCIPAL HEALTHCARE FINANCE (UK) NO.1 LIMITED at £4.5m based on a Turnover of £1.5m and 3.02x industry multiple (adjusted for size and gross margin).
principal healthcare finance (uk) no.1 limited Estimated Valuation
Pomanda estimates the enterprise value of PRINCIPAL HEALTHCARE FINANCE (UK) NO.1 LIMITED at £0 based on an EBITDA of £-8.4m and a 6.29x industry multiple (adjusted for size and gross margin).
principal healthcare finance (uk) no.1 limited Estimated Valuation
Pomanda estimates the enterprise value of PRINCIPAL HEALTHCARE FINANCE (UK) NO.1 LIMITED at £0 based on Net Assets of £-162m and 1.74x industry multiple (adjusted for liquidity).
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Principal Healthcare Finance (uk) No.1 Limited Overview
Principal Healthcare Finance (uk) No.1 Limited is a live company located in wilmslow, SK9 1BU with a Companies House number of 03450597. It operates in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in October 1997, it's largest shareholder is principal healthcare finance (uk) no. 2 ltd with a 100% stake. Principal Healthcare Finance (uk) No.1 Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.
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Principal Healthcare Finance (uk) No.1 Limited Health Check
Pomanda's financial health check has awarded Principal Healthcare Finance (Uk) No.1 Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
4 Weak
Size
annual sales of £1.5m, make it in line with the average company (£1.6m)
£1.5m - Principal Healthcare Finance (uk) No.1 Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (2.5%)
-24% - Principal Healthcare Finance (uk) No.1 Limited
2.5% - Industry AVG
Production
with a gross margin of 33%, this company has a higher cost of product (57%)
33% - Principal Healthcare Finance (uk) No.1 Limited
57% - Industry AVG
Profitability
an operating margin of -558.5% make it less profitable than the average company (14.1%)
-558.5% - Principal Healthcare Finance (uk) No.1 Limited
14.1% - Industry AVG
Employees
with 10 employees, this is above the industry average (7)
- Principal Healthcare Finance (uk) No.1 Limited
7 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Principal Healthcare Finance (uk) No.1 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £150.2k, this is equally as efficient (£163.2k)
- Principal Healthcare Finance (uk) No.1 Limited
£163.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Principal Healthcare Finance (uk) No.1 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Principal Healthcare Finance (uk) No.1 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Principal Healthcare Finance (uk) No.1 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Principal Healthcare Finance (uk) No.1 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 473.9%, this is a higher level of debt than the average (61.6%)
473.9% - Principal Healthcare Finance (uk) No.1 Limited
61.6% - Industry AVG
PRINCIPAL HEALTHCARE FINANCE (UK) NO.1 LIMITED financials
Principal Healthcare Finance (Uk) No.1 Limited's latest turnover from December 2023 is £1.5 million and the company has net assets of -£162 million. According to their latest financial statements, we estimate that Principal Healthcare Finance (Uk) No.1 Limited has 10 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,502,000 | 2,257,000 | 2,391,000 | 3,451,000 | 3,306,000 | 3,087,000 | 2,941,000 | 3,325,000 | 3,716,000 | 3,710,000 | 3,830,000 | 10,217,000 | 11,707,000 | 11,153,000 | 10,768,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 1,007,000 | 2,613,000 | 137,000 | 638,000 | 0 | 3,235,000 | 650,000 | 624,000 | 15,059,000 | 5,674,000 | |||||
| Gross Profit | 495,000 | -356,000 | 2,254,000 | 2,813,000 | 3,306,000 | -148,000 | 2,291,000 | 2,701,000 | -11,343,000 | -1,964,000 | |||||
| Admin Expenses | 8,884,000 | -2,542,000 | 2,232,000 | -1,037,000 | 8,152,000 | -6,595,000 | -577,000 | -1,742,000 | 374,000 | 22,000 | |||||
| Operating Profit | -8,389,000 | 2,186,000 | 22,000 | 3,850,000 | -4,846,000 | 6,447,000 | 2,868,000 | 4,443,000 | -11,717,000 | -1,986,000 | 2,630,000 | 3,994,000 | 3,322,000 | 5,268,000 | 6,830,000 |
| Interest Payable | 19,693,000 | 18,226,000 | 16,868,000 | 15,612,000 | 14,448,000 | 13,372,000 | 12,376,000 | 11,454,000 | 12,661,000 | 12,252,000 | 11,903,000 | 3,800,000 | 0 | 98,000 | 7,746,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,313,000 | 2,654,000 | 3,088,000 | 3,743,000 | 3,768,000 | 2,987,000 | 2,979,000 |
| Pre-Tax Profit | -28,082,000 | -16,040,000 | -16,846,000 | -11,762,000 | -19,294,000 | -6,925,000 | -9,508,000 | -7,011,000 | -22,065,000 | -11,584,000 | -6,764,000 | -18,271,000 | 7,090,000 | 8,157,000 | 2,063,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,000 |
| Profit After Tax | -28,082,000 | -16,040,000 | -16,846,000 | -11,762,000 | -19,294,000 | -6,925,000 | -9,508,000 | -7,011,000 | -22,065,000 | -11,584,000 | -6,764,000 | -18,271,000 | 7,090,000 | 8,157,000 | 2,094,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -28,082,000 | -16,040,000 | -16,846,000 | -11,762,000 | -19,294,000 | -6,925,000 | -9,508,000 | -7,011,000 | -22,065,000 | -11,584,000 | -6,764,000 | -18,271,000 | 7,090,000 | 8,157,000 | 2,094,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 2 | 4 | 3 | ||||||||||||
| EBITDA* | -8,389,000 | 2,186,000 | 22,000 | 3,850,000 | -4,846,000 | 6,447,000 | 2,868,000 | 4,443,000 | -11,717,000 | -1,732,000 | 3,815,000 | 5,158,000 | 3,776,000 | 5,719,000 | 7,271,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,397,000 | 32,799,000 | 56,457,000 | 59,280,000 | 59,802,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 19,182,000 | 26,134,000 | 23,948,000 | 23,925,000 | 20,075,000 | 20,087,000 | 17,022,000 | 20,304,000 | 21,110,000 | 38,098,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 19,182,000 | 26,134,000 | 23,948,000 | 23,925,000 | 20,075,000 | 20,087,000 | 17,022,000 | 20,304,000 | 21,110,000 | 38,098,000 | 30,397,000 | 32,799,000 | 56,457,000 | 59,280,000 | 59,802,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 24,152,000 | 16,156,000 | 13,921,000 | 11,556,000 | 8,124,000 | 0 | 0 | 0 | 0 | 34,350,000 | 30,448,000 | 33,622,000 | 33,579,000 | 22,807,000 | 90,014,000 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,000 | 28,000 | 28,000 | 28,000 | 29,000 | 29,000 | 29,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 24,152,000 | 16,156,000 | 13,921,000 | 11,556,000 | 8,124,000 | 0 | 0 | 0 | 28,000 | 34,378,000 | 30,476,000 | 33,650,000 | 33,608,000 | 22,836,000 | 90,043,000 |
| total assets | 43,334,000 | 42,290,000 | 37,869,000 | 35,481,000 | 28,199,000 | 20,087,000 | 17,022,000 | 20,304,000 | 21,138,000 | 72,476,000 | 60,873,000 | 66,449,000 | 90,065,000 | 82,116,000 | 149,845,000 |
| Bank overdraft | 0 | 0 | 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 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 179,753,000 | 160,060,000 | 141,834,000 | 124,965,000 | 109,353,000 | 90,048,000 | 80,081,000 | 73,138,000 | 66,898,000 | 96,105,000 | 86,210,000 | 85,931,000 | 91,276,000 | 90,417,000 | 166,282,000 |
| other short term finances | 0 | 0 | 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 | 0 | 0 |
| other current liabilities | 24,152,000 | 16,156,000 | 13,921,000 | 11,556,000 | 8,124,000 | 23,000 | 0 | 717,000 | 780,000 | 846,000 | 909,000 | 0 | 0 | 0 | 21,000 |
| total current liabilities | 203,905,000 | 176,216,000 | 155,755,000 | 136,521,000 | 117,477,000 | 90,071,000 | 80,081,000 | 73,855,000 | 67,678,000 | 96,951,000 | 87,119,000 | 85,931,000 | 91,276,000 | 90,417,000 | 166,303,000 |
| loans | 0 | 0 | 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 | 0 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 1,437,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,437,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 205,342,000 | 176,216,000 | 155,755,000 | 136,521,000 | 117,477,000 | 90,071,000 | 80,081,000 | 73,855,000 | 67,678,000 | 96,951,000 | 87,119,000 | 85,931,000 | 91,276,000 | 90,417,000 | 166,303,000 |
| net assets | -162,008,000 | -133,926,000 | -117,886,000 | -101,040,000 | -89,278,000 | -69,984,000 | -63,059,000 | -53,551,000 | -46,540,000 | -24,475,000 | -26,246,000 | -19,482,000 | -1,211,000 | -8,301,000 | -16,458,000 |
| total shareholders funds | -162,008,000 | -133,926,000 | -117,886,000 | -101,040,000 | -89,278,000 | -69,984,000 | -63,059,000 | -53,551,000 | -46,540,000 | -24,475,000 | -26,246,000 | -19,482,000 | -1,211,000 | -8,301,000 | -16,458,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -8,389,000 | 2,186,000 | 22,000 | 3,850,000 | -4,846,000 | 6,447,000 | 2,868,000 | 4,443,000 | -11,717,000 | -1,986,000 | 2,630,000 | 3,994,000 | 3,322,000 | 5,268,000 | 6,830,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 254,000 | 1,185,000 | 1,164,000 | 454,000 | 451,000 | 441,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,996,000 | 2,235,000 | 2,365,000 | 3,432,000 | 8,124,000 | 0 | 0 | 0 | -34,350,000 | 3,902,000 | -3,174,000 | 43,000 | 10,772,000 | -67,207,000 | 90,014,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 7,996,000 | 2,235,000 | 2,365,000 | 3,432,000 | 8,101,000 | 23,000 | -717,000 | -63,000 | -66,000 | -63,000 | 909,000 | 0 | 0 | -21,000 | 21,000 |
| Deferred Taxes & Provisions | 1,437,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -6,952,000 | 2,186,000 | 22,000 | 3,850,000 | -4,869,000 | 6,470,000 | 2,151,000 | 4,380,000 | 22,567,000 | -5,697,000 | 7,898,000 | 5,115,000 | -6,996,000 | 72,905,000 | -82,691,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -6,952,000 | 2,186,000 | 23,000 | 3,850,000 | -12,000 | 3,065,000 | -3,282,000 | -806,000 | -16,988,000 | 38,098,000 | 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 | 0 | 0 |
| Group/Directors Accounts | 19,693,000 | 18,226,000 | 16,869,000 | 15,612,000 | 19,305,000 | 9,967,000 | 6,943,000 | 6,240,000 | -29,207,000 | 9,895,000 | 279,000 | -5,345,000 | 859,000 | -75,865,000 | 166,282,000 |
| Other Short Term Loans | 0 | 0 | 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 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | -19,693,000 | -18,226,000 | -16,868,000 | -15,612,000 | -14,448,000 | -13,372,000 | -12,376,000 | -11,454,000 | -10,348,000 | -9,598,000 | -8,815,000 | -57,000 | 3,768,000 | 2,889,000 | -4,767,000 |
| cash flow from financing | 0 | 0 | 1,000 | 0 | 4,857,000 | -3,405,000 | -5,433,000 | -5,214,000 | -39,555,000 | 13,652,000 | -8,536,000 | -5,402,000 | 4,627,000 | -72,976,000 | 142,963,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,000 | 0 | 0 | 0 | -1,000 | 0 | 0 | 29,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,000 | 0 | 0 | 0 | -1,000 | 0 | 0 | 29,000 |
principal healthcare finance (uk) no.1 limited Credit Report and Business Information
Principal Healthcare Finance (uk) No.1 Limited Competitor Analysis
Perform a competitor analysis for principal healthcare finance (uk) no.1 limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in SK9 area or any other competitors across 12 key performance metrics.
principal healthcare finance (uk) no.1 limited Ownership
PRINCIPAL HEALTHCARE FINANCE (UK) NO.1 LIMITED group structure
Principal Healthcare Finance (Uk) No.1 Limited has no subsidiary companies.
Ultimate parent company
TERRA FIRMA HOLDINGS LTD
#0076722
2 parents
PRINCIPAL HEALTHCARE FINANCE (UK) NO.1 LIMITED
03450597
principal healthcare finance (uk) no.1 limited directors
Principal Healthcare Finance (Uk) No.1 Limited currently has 2 directors. The longest serving directors include Mr Allan Hayward (Jun 2020) and Mrs Abigail Mattison (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Allan Hayward | United Kingdom | 76 years | Jun 2020 | - | Director |
| Mrs Abigail Mattison | United Kingdom | 39 years | Sep 2022 | - | Director |
P&L
December 2023turnover
1.5m
-33%
operating profit
-8.4m
-484%
gross margin
33%
-308.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-162m
+0.21%
total assets
43.3m
+0.02%
cash
0
0%
net assets
Total assets minus all liabilities
principal healthcare finance (uk) no.1 limited company details
company number
03450597
Type
Private limited with Share Capital
industry
68201 - Renting and operating of Housing Association real estate
incorporation date
October 1997
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
norcliffe house station road, wilmslow, SK9 1BU
Bank
BANK OF SCOTLAND
Legal Advisor
-
principal healthcare finance (uk) no.1 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 22 charges/mortgages relating to principal healthcare finance (uk) no.1 limited. Currently there are 1 open charges and 21 have been satisfied in the past.
principal healthcare finance (uk) no.1 limited Companies House Filings - See Documents
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