better healthcare services limited
better healthcare services limited Company Information
Company Number
03499632
Next Accounts
1 days late
Industry
Temporary employment agency activities
Shareholders
sonderwell bidco limited
Group Structure
View All
Contact
Registered Address
suite a, ground floor trinity court, wokingham, RG41 2PY
Website
http://www.sonderwell.co.ukbetter healthcare services limited Estimated Valuation
Pomanda estimates the enterprise value of BETTER HEALTHCARE SERVICES LIMITED at £3.7m based on a Turnover of £10.9m and 0.34x industry multiple (adjusted for size and gross margin).
better healthcare services limited Estimated Valuation
Pomanda estimates the enterprise value of BETTER HEALTHCARE SERVICES LIMITED at £0 based on an EBITDA of £-3.3m and a 5.47x industry multiple (adjusted for size and gross margin).
better healthcare services limited Estimated Valuation
Pomanda estimates the enterprise value of BETTER HEALTHCARE SERVICES LIMITED at £0 based on Net Assets of £-7.5m and 1.61x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Better Healthcare Services Limited Overview
Better Healthcare Services Limited is a live company located in wokingham, RG41 2PY with a Companies House number of 03499632. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in January 1998, it's largest shareholder is sonderwell bidco limited with a 100% stake. Better Healthcare Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.9m with declining growth in recent years.
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Better Healthcare Services Limited Health Check
Pomanda's financial health check has awarded Better Healthcare Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £10.9m, make it in line with the average company (£13.1m)
£10.9m - Better Healthcare Services Limited
£13.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (3.6%)
-10% - Better Healthcare Services Limited
3.6% - Industry AVG
Production
with a gross margin of 36.9%, this company has a lower cost of product (17.7%)
36.9% - Better Healthcare Services Limited
17.7% - Industry AVG
Profitability
an operating margin of -30.8% make it less profitable than the average company (2.8%)
-30.8% - Better Healthcare Services Limited
2.8% - Industry AVG
Employees
with 488 employees, this is above the industry average (49)
488 - Better Healthcare Services Limited
49 - Industry AVG
Pay Structure
on an average salary of £20.5k, the company has a lower pay structure (£48.8k)
£20.5k - Better Healthcare Services Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £22.4k, this is less efficient (£245.7k)
£22.4k - Better Healthcare Services Limited
£245.7k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (47 days)
27 days - Better Healthcare Services Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is slower than average (4 days)
11 days - Better Healthcare Services Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Better Healthcare Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Better Healthcare Services Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 441.9%, this is a higher level of debt than the average (73.5%)
441.9% - Better Healthcare Services Limited
73.5% - Industry AVG
BETTER HEALTHCARE SERVICES LIMITED financials
Better Healthcare Services Limited's latest turnover from March 2023 is £10.9 million and the company has net assets of -£7.5 million. According to their latest financial statements, Better Healthcare Services Limited has 488 employees and maintains cash reserves of £173.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,910,128 | 17,657,408 | 19,200,703 | 15,179,076 | 11,950,691 | 9,015,594 | 8,795,536 | 7,502,844 | 6,140,718 | 5,675,310 | 5,204,457 | 4,721,585 | 5,238,224 | 5,484,451 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 6,888,787 | 11,926,268 | 13,233,144 | 9,988,774 | 7,599,441 | 6,004,850 | 5,992,971 | 5,327,323 | 4,352,060 | 4,086,047 | 3,600,991 | 3,247,195 | 3,898,820 | 3,958,578 |
| Gross Profit | 4,021,341 | 5,731,140 | 5,967,559 | 5,190,302 | 4,351,250 | 3,010,744 | 2,802,565 | 2,175,521 | 1,788,658 | 1,589,263 | 1,603,466 | 1,474,390 | 1,339,404 | 1,525,873 |
| Admin Expenses | 7,386,945 | 5,990,016 | 4,474,585 | 4,272,473 | 3,377,884 | 2,546,885 | 2,683,506 | 2,080,709 | 1,643,828 | 1,559,271 | 1,464,937 | 1,460,693 | 1,437,742 | 1,507,423 |
| Operating Profit | -3,365,604 | -258,876 | 1,492,974 | 917,829 | 973,366 | 463,859 | 119,059 | 94,812 | 144,830 | 29,992 | 138,529 | 13,697 | -98,338 | 18,450 |
| Interest Payable | 0 | 0 | 362 | 26,250 | 20,811 | 23,486 | 32,274 | 28,680 | 25,098 | 23,799 | 16,871 | 12,946 | 15,315 | 14,762 |
| Interest Receivable | 377 | 379 | 1,082 | 3,390 | 857 | 209 | 5 | 15 | 15 | 11 | 190 | 40 | 112 | 96 |
| Pre-Tax Profit | -3,841,270 | -749,554 | 1,493,694 | 894,969 | 953,412 | 440,582 | 86,790 | 66,147 | 119,747 | 6,204 | 121,848 | 791 | -113,541 | 3,784 |
| Tax | -525 | -103,923 | -276,390 | -224,018 | -171,082 | -60,543 | 7,436 | -14,136 | -22,567 | 2,755 | -1,321 | -622 | 4,435 | -1,332 |
| Profit After Tax | -3,841,795 | -853,477 | 1,217,304 | 670,951 | 782,330 | 380,039 | 94,226 | 52,011 | 97,180 | 8,959 | 120,527 | 169 | -109,106 | 2,452 |
| Dividends Paid | 0 | 0 | 60,000 | 76,000 | 20,000 | 25,000 | 9,500 | 6,000 | 6,000 | 92,978 | 119,000 | 13,000 | 17,500 | 0 |
| Retained Profit | -3,841,795 | -853,477 | 1,157,304 | 594,951 | 762,330 | 355,039 | 84,726 | 46,011 | 91,180 | -84,019 | 1,527 | -12,831 | -126,606 | 2,452 |
| Employee Costs | 9,983,032 | 14,902,241 | 14,932,403 | 12,503,370 | 10,055,725 | 7,808,894 | 7,820,493 | 6,651,392 | 5,510,525 | 5,097,022 | 4,665,225 | 4,183,297 | 4,756,345 | 5,015,926 |
| Number Of Employees | 488 | 744 | 910 | 694 | 690 | 493 | 524 | 456 | 378 | 342 | 306 | 259 | 281 | 319 |
| EBITDA* | -3,277,259 | -165,273 | 1,590,379 | 955,846 | 1,004,244 | 498,699 | 156,614 | 139,638 | 208,497 | 69,268 | 160,037 | 40,697 | -67,883 | 49,588 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 128,734 | 164,219 | 123,907 | 152,603 | 138,739 | 92,934 | 109,517 | 123,045 | 130,086 | 59,456 | 61,593 | 52,813 | 61,376 | 62,481 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,633 | 10,539 |
| 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 | 128,734 | 164,219 | 123,907 | 152,603 | 138,739 | 92,934 | 109,517 | 123,045 | 130,086 | 59,456 | 61,593 | 52,813 | 64,009 | 73,020 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 815,011 | 2,012,866 | 2,428,809 | 1,629,140 | 1,429,456 | 1,001,592 | 1,149,224 | 823,102 | 1,076,835 | 936,588 | 895,590 | 720,099 | 716,105 | 745,851 |
| Group Debtors | 104,694 | 81,783 | 229,294 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 985,023 | 806,971 | 277,466 | 552,307 | 672,133 | 487,446 | 408,999 | 271,732 | 92,203 | 111,312 | 97,045 | 108,968 | 121,140 | 119,386 |
| Cash | 173,228 | 966,385 | 6,195,252 | 1,350,199 | 358,385 | 495 | 1,411 | 113,194 | 1,676 | 7,822 | 5,122 | 4,128 | 147 | 81,444 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,077,956 | 3,868,005 | 9,130,821 | 3,531,646 | 2,459,974 | 1,489,533 | 1,559,634 | 1,208,028 | 1,170,714 | 1,055,722 | 997,757 | 833,195 | 837,392 | 946,681 |
| total assets | 2,206,690 | 4,032,224 | 9,254,728 | 3,684,249 | 2,598,713 | 1,582,467 | 1,669,151 | 1,331,073 | 1,300,800 | 1,115,178 | 1,059,350 | 886,008 | 901,401 | 1,019,701 |
| Bank overdraft | 0 | 0 | 0 | 0 | 1,503 | 66,066 | 645,052 | 397,928 | 486,419 | 370,969 | 260,754 | 104,384 | 107,003 | 820 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 216,159 | 287,464 | 220,924 | 92,910 | 93,857 | 82,006 | 84,291 | 79,914 | 71,078 | 69,206 | 40,631 | 56,870 | 35,583 | 40,293 |
| Group/Directors Accounts | 8,433,738 | 5,607,324 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,339 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 5,727 | 9,912 | 5,611 | 19,027 | 14,359 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,101,130 | 1,839,978 | 4,942,968 | 1,194,175 | 979,027 | 684,350 | 524,112 | 515,121 | 477,363 | 518,183 | 511,032 | 483,970 | 505,815 | 595,744 |
| total current liabilities | 9,751,027 | 7,734,766 | 5,163,892 | 1,292,812 | 1,084,299 | 838,033 | 1,272,482 | 1,007,322 | 1,034,860 | 958,358 | 815,756 | 645,224 | 648,401 | 636,857 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 5,737 | 0 | 4,280 | 12,607 | 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 | 0 | 0 | 989,427 | 447,332 | 15,062 | 13,149 | 16,143 | 19,624 | 20,431 | 0 | 2,755 | 1,472 | 857 | 4,095 |
| total long term liabilities | 0 | 0 | 989,427 | 447,332 | 20,799 | 13,149 | 20,423 | 32,231 | 20,431 | 0 | 2,755 | 1,472 | 857 | 4,095 |
| total liabilities | 9,751,027 | 7,734,766 | 6,153,319 | 1,740,144 | 1,105,098 | 851,182 | 1,292,905 | 1,039,553 | 1,055,291 | 958,358 | 818,511 | 646,696 | 649,258 | 640,952 |
| net assets | -7,544,337 | -3,702,542 | 3,101,409 | 1,944,105 | 1,493,615 | 731,285 | 376,246 | 291,520 | 245,509 | 156,820 | 240,839 | 239,312 | 252,143 | 378,749 |
| total shareholders funds | -7,544,337 | -3,702,542 | 3,101,409 | 1,944,105 | 1,493,615 | 731,285 | 376,246 | 291,520 | 245,509 | 156,820 | 240,839 | 239,312 | 252,143 | 378,749 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -3,365,604 | -258,876 | 1,492,974 | 917,829 | 973,366 | 463,859 | 119,059 | 94,812 | 144,830 | 29,992 | 138,529 | 13,697 | -98,338 | 18,450 |
| Depreciation | 88,345 | 93,603 | 97,405 | 38,017 | 30,878 | 34,840 | 37,555 | 44,826 | 63,667 | 39,276 | 21,508 | 24,367 | 22,549 | 23,232 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,633 | 7,906 | 7,906 |
| Tax | -525 | -103,923 | -276,390 | -224,018 | -171,082 | -60,543 | 7,436 | -14,136 | -22,567 | 2,755 | -1,321 | -622 | 4,435 | -1,332 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -996,892 | -33,949 | 754,122 | 79,858 | 612,551 | -69,185 | 463,389 | -74,204 | 121,138 | 55,265 | 163,568 | -8,178 | -27,992 | 865,237 |
| Creditors | -71,305 | 66,540 | 128,014 | -947 | 11,851 | -2,285 | 4,377 | 8,836 | 1,872 | 28,575 | -16,239 | 21,287 | -4,710 | 40,293 |
| Accruals and Deferred Income | -738,848 | -3,102,990 | 3,748,793 | 215,148 | 294,677 | 160,238 | 8,991 | 37,758 | -40,820 | 7,151 | 27,062 | -21,845 | -89,929 | 595,744 |
| Deferred Taxes & Provisions | 0 | -989,427 | 542,095 | 432,270 | 1,913 | -2,994 | -3,481 | -807 | 20,431 | -2,755 | 1,283 | 615 | -3,238 | 4,095 |
| Cash flow from operations | -3,091,045 | -4,261,124 | 4,978,769 | 1,298,441 | 529,052 | 662,300 | -289,452 | 245,493 | 46,275 | 49,729 | 7,254 | 48,310 | -133,333 | -176,849 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -73,743 | -6,906 | -24,478 | -41,312 | -9,489 | -37,139 | -30,574 | -15,804 | -21,444 | -12,705 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -73,743 | -6,906 | -24,478 | -41,312 | -9,489 | -37,139 | -30,574 | -15,804 | -21,444 | -12,705 | ||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,826,414 | 5,607,324 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,339 | 3,339 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | -5,727 | -9,922 | 10,038 | -17,696 | -3,659 | 26,966 | 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 | 377 | 379 | 720 | -22,860 | -19,954 | -23,277 | -32,269 | -28,665 | -25,083 | -23,788 | -16,681 | -12,906 | -15,203 | -14,666 |
| cash flow from financing | 2,826,791 | -342,771 | -5,007 | -177,243 | -9,916 | -40,973 | -35,928 | -1,699 | -27,574 | -27,127 | -13,342 | -12,906 | -15,203 | 361,631 |
| cash and cash equivalents | ||||||||||||||
| cash | -793,157 | -5,228,867 | 4,845,053 | 991,814 | 357,890 | -916 | -111,783 | 111,518 | -6,146 | 2,700 | 994 | 3,981 | -81,297 | 81,444 |
| overdraft | 0 | 0 | 0 | -1,503 | -64,563 | -578,986 | 247,124 | -88,491 | 115,450 | 110,215 | 156,370 | -2,619 | 106,183 | 820 |
| change in cash | -793,157 | -5,228,867 | 4,845,053 | 993,317 | 422,453 | 578,070 | -358,907 | 200,009 | -121,596 | -107,515 | -155,376 | 6,600 | -187,480 | 80,624 |
better healthcare services limited Credit Report and Business Information
Better Healthcare Services Limited Competitor Analysis
Perform a competitor analysis for better healthcare services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in RG41 area or any other competitors across 12 key performance metrics.
better healthcare services limited Ownership
BETTER HEALTHCARE SERVICES LIMITED group structure
Better Healthcare Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
BETTER HEALTHCARE SERVICES LIMITED
03499632
better healthcare services limited directors
Better Healthcare Services Limited currently has 3 directors. The longest serving directors include Mr David Cole (Jul 2023) and Mr John Lee (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Cole | England | 62 years | Jul 2023 | - | Director |
| Mr John Lee | England | 41 years | Sep 2023 | - | Director |
| Mr Alistair Miller | 55 years | Jun 2024 | - | Director |
P&L
March 2023turnover
10.9m
-38%
operating profit
-3.4m
+1200%
gross margin
36.9%
+13.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-7.5m
+1.04%
total assets
2.2m
-0.45%
cash
173.2k
-0.82%
net assets
Total assets minus all liabilities
better healthcare services limited company details
company number
03499632
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
January 1998
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
better healthcare services plc (March 2021)
diamond resourcing plc (June 2020)
accountant
-
auditor
HAZLEWOODS LLP
address
suite a, ground floor trinity court, wokingham, RG41 2PY
Bank
-
Legal Advisor
-
better healthcare services 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 better healthcare services limited. Currently there are 1 open charges and 7 have been satisfied in the past.
better healthcare services 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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better healthcare services limited Companies House Filings - See Documents
| date | description | view/download |
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