mears extra care limited
mears extra care limited Company Information
Group Structure
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Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
2nd floor unit 5220, valiant court, gloucester, GL3 4FE
Website
www.mearsgroup.co.ukmears extra care limited Estimated Valuation
Pomanda estimates the enterprise value of MEARS EXTRA CARE LIMITED at £7m based on a Turnover of £5.3m and 1.32x industry multiple (adjusted for size and gross margin).
mears extra care limited Estimated Valuation
Pomanda estimates the enterprise value of MEARS EXTRA CARE LIMITED at £3.6m based on an EBITDA of £653.7k and a 5.49x industry multiple (adjusted for size and gross margin).
mears extra care limited Estimated Valuation
Pomanda estimates the enterprise value of MEARS EXTRA CARE LIMITED at £6.4m based on Net Assets of £4.8m and 1.34x industry multiple (adjusted for liquidity).
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Mears Extra Care Limited Overview
Mears Extra Care Limited is a live company located in gloucester, GL3 4FE with a Companies House number of 03689426. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 1998, it's largest shareholder is mears group plc with a 100% stake. Mears Extra Care Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.3m with declining growth in recent years.
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Mears Extra Care Limited Health Check
Pomanda's financial health check has awarded Mears Extra Care Limited a 4 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 £5.3m, make it smaller than the average company (£18.9m)
£5.3m - Mears Extra Care Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (10.5%)
-11% - Mears Extra Care Limited
10.5% - Industry AVG
Production
with a gross margin of 39.8%, this company has a comparable cost of product (36.3%)
39.8% - Mears Extra Care Limited
36.3% - Industry AVG
Profitability
an operating margin of 3% make it less profitable than the average company (4.5%)
3% - Mears Extra Care Limited
4.5% - Industry AVG
Employees
with 189 employees, this is above the industry average (104)
189 - Mears Extra Care Limited
104 - Industry AVG
Pay Structure
on an average salary of £21.5k, the company has a lower pay structure (£44.7k)
£21.5k - Mears Extra Care Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £28.2k, this is less efficient (£191.6k)
£28.2k - Mears Extra Care Limited
£191.6k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (45 days)
27 days - Mears Extra Care Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (44 days)
6 days - Mears Extra Care Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mears Extra Care Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (14 weeks)
40 weeks - Mears Extra Care Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.2%, this is a lower level of debt than the average (69.6%)
31.2% - Mears Extra Care Limited
69.6% - Industry AVG
MEARS EXTRA CARE LIMITED financials
Mears Extra Care Limited's latest turnover from December 2023 is £5.3 million and the company has net assets of £4.8 million. According to their latest financial statements, Mears Extra Care Limited has 189 employees and maintains cash reserves of £266.3 thousand 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 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,321,771 | 5,828,381 | 6,448,308 | 7,642,410 | |||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,206,021 | 3,499,099 | 4,260,610 | 5,261,688 | |||||||||||
| Gross Profit | 2,115,750 | 2,329,282 | 2,187,698 | 2,380,722 | |||||||||||
| Admin Expenses | 1,955,171 | 2,098,858 | 1,552,576 | 2,245,125 | 7,835,863 | ||||||||||
| Operating Profit | 160,579 | 230,424 | 635,122 | 135,597 | -7,835,863 | ||||||||||
| Interest Payable | 115,544 | 218,751 | 523,515 | 620,192 | 580,168 | 585,829 | 540,967 | 527,773 | 515,868 | 311,902 | |||||
| Interest Receivable | 601,001 | 188 | 281,523 | 15,098,189 | 120,141 | ||||||||||
| Pre-Tax Profit | 646,036 | 5,511,861 | 393,130 | 9,865,859 | -8,416,031 | 434,312 | -2,944,806 | -527,773 | -515,868 | 2,688,098 | 4,000,000 | 3,000,000 | 5,000,000 | ||
| Tax | 112,776 | 102,026 | 19,521 | 157,900 | |||||||||||
| Profit After Tax | 758,812 | 5,613,887 | 412,651 | 10,023,759 | -8,416,031 | 434,312 | -2,944,806 | -527,773 | -515,868 | 2,688,098 | 4,000,000 | 3,000,000 | 5,000,000 | ||
| Dividends Paid | 3,000,000 | 4,000,000 | 3,000,000 | 5,000,000 | |||||||||||
| Retained Profit | 758,812 | 5,613,887 | 412,651 | 10,023,759 | -8,416,031 | 434,312 | -2,944,806 | -527,773 | -515,868 | -311,902 | |||||
| Employee Costs | 4,068,927 | 4,545,876 | 5,045,694 | 6,011,639 | |||||||||||
| Number Of Employees | 189 | 225 | 304 | 327 | |||||||||||
| EBITDA* | 653,685 | 747,549 | 1,190,587 | 713,348 | -7,835,863 |
* 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 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 68,431 | 124,911 | 151,149 | 226,195 | 312,619 | ||||||||||
| Intangible Assets | 5,507,081 | 5,993,791 | 6,466,976 | 6,947,187 | 7,307,857 | ||||||||||
| Investments & Other | 705,235 | 705,235 | 705,235 | 705,235 | 12,007,336 | 19,653,586 | 19,653,586 | 22,057,425 | 22,057,425 | 11,859,099 | 11,859,099 | 11,859,099 | 11,859,099 | 11,859,099 | 9,455,260 |
| Debtors (Due After 1 year) | 7,853 | 92 | 11,107,853 | 319,162 | |||||||||||
| Total Fixed Assets | 6,280,747 | 6,831,790 | 7,323,452 | 18,986,470 | 19,946,974 | 19,653,586 | 19,653,586 | 22,057,425 | 22,057,425 | 11,859,099 | 11,859,099 | 11,859,099 | 11,859,099 | 11,859,099 | 9,455,260 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 404,814 | 412,978 | 705,940 | 690,295 | 1,330,357 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | |||||
| Group Debtors | 2,641 | 399 | 92 | 1,632,948 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | ||||||
| Misc Debtors | 8,617 | 9,508 | 98,129 | 859,638 | 1,092,863 | ||||||||||
| Cash | 266,336 | 1,307,246 | 661,897 | 438,110 | 6,307 | ||||||||||
| misc current assets | |||||||||||||||
| total current assets | 682,408 | 1,730,131 | 1,466,058 | 3,620,991 | 2,429,527 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 |
| total assets | 6,963,155 | 8,561,921 | 8,789,510 | 22,607,461 | 22,376,501 | 19,660,838 | 19,660,838 | 22,064,677 | 22,064,677 | 11,866,351 | 11,866,351 | 11,866,351 | 11,866,351 | 11,866,351 | 9,462,512 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 58,533 | 142,798 | 344,896 | 48,920 | 210,875 | ||||||||||
| Group/Directors Accounts | 32,167 | 71,101 | 6,364 | 294,905 | 23,642,033 | 23,101,066 | 11,859,099 | 9,455,260 | |||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 55,050 | 184,291 | 213,704 | ||||||||||||
| other current liabilities | 252,807 | 282,303 | 649,384 | 255,120 | 296,539 | ||||||||||
| total current liabilities | 343,507 | 496,202 | 1,055,694 | 783,236 | 721,118 | 23,642,033 | 23,101,066 | 11,859,099 | 9,455,260 | ||||||
| loans | 1,677,177 | 3,828,284 | 9,008,150 | 22,759,718 | 32,227,645 | 23,207,721 | 11,859,099 | 11,859,099 | 11,859,099 | 11,859,099 | |||||
| hp & lease commitments | 44,637 | 223,778 | |||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 92 | 22,573,293 | |||||||||||||
| provisions | 19,526 | 150,052 | 252,078 | 959,025 | 1,166,874 | ||||||||||
| total long term liabilities | 1,826,703 | 3,978,336 | 9,260,320 | 23,763,380 | 33,618,297 | 23,207,721 | 22,573,293 | 11,859,099 | 11,859,099 | 11,859,099 | 11,859,099 | ||||
| total liabilities | 2,170,210 | 4,474,538 | 10,316,014 | 24,546,616 | 34,339,415 | 23,207,721 | 23,642,033 | 23,101,066 | 22,573,293 | 11,859,099 | 11,859,099 | 11,859,099 | 11,859,099 | 11,859,099 | 9,455,260 |
| net assets | 4,792,945 | 4,087,383 | -1,526,504 | -1,939,155 | -11,962,914 | -3,546,883 | -3,981,195 | -1,036,389 | -508,616 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 |
| total shareholders funds | 4,792,945 | 4,087,383 | -1,526,504 | -1,939,155 | -11,962,914 | -3,546,883 | -3,981,195 | -1,036,389 | -508,616 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 | 7,252 |
| 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 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 160,579 | 230,424 | 635,122 | 135,597 | -7,835,863 | ||||||||||
| Depreciation | 28,324 | 43,940 | 75,253 | 88,170 | |||||||||||
| Amortisation | 464,782 | 473,185 | 480,212 | 489,581 | |||||||||||
| Tax | 112,776 | 102,026 | 19,521 | 157,900 | |||||||||||
| Stock | |||||||||||||||
| Debtors | -14,666 | -373,515 | -13,486,481 | 11,548,352 | 2,735,130 | 7,252 | 7,252 | ||||||||
| Creditors | -84,265 | -202,098 | 295,976 | -161,955 | 210,875 | ||||||||||
| Accruals and Deferred Income | -29,496 | -367,081 | 394,264 | -41,419 | 296,539 | ||||||||||
| Deferred Taxes & Provisions | -130,526 | -102,026 | -706,947 | -207,849 | 1,166,874 | ||||||||||
| Cash flow from operations | 536,840 | 551,885 | 14,679,882 | -11,088,327 | -8,896,705 | -7,252 | -7,252 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -11,302,101 | -7,646,250 | -2,403,839 | 10,198,326 | 11,859,099 | 9,455,260 | |||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -38,934 | 64,737 | -288,541 | 294,905 | -23,642,033 | 540,967 | 23,101,066 | -11,859,099 | 11,859,099 | 9,455,260 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -2,151,107 | -5,179,866 | -13,751,568 | -9,467,927 | 9,019,924 | 23,207,721 | -11,859,099 | 11,859,099 | |||||||
| Hire Purchase and Lease Commitments | -55,050 | -173,878 | -208,554 | 437,482 | |||||||||||
| other long term liabilities | -92 | 92 | -22,573,293 | 22,573,293 | |||||||||||
| share issue | |||||||||||||||
| interest | 485,457 | -218,563 | -241,992 | 14,477,997 | -580,168 | -465,688 | -540,967 | -527,773 | -515,868 | -311,902 | |||||
| cash flow from financing | -1,757,834 | -5,388,834 | -14,455,887 | 5,096,421 | 8,877,238 | -900,000 | 10,198,326 | 11,866,351 | 9,462,512 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | -1,040,910 | 645,349 | 223,787 | 431,803 | 6,307 | ||||||||||
| overdraft | |||||||||||||||
| change in cash | -1,040,910 | 645,349 | 223,787 | 431,803 | 6,307 |
mears extra care limited Credit Report and Business Information
Mears Extra Care Limited Competitor Analysis
Perform a competitor analysis for mears extra care limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in GL3 area or any other competitors across 12 key performance metrics.
mears extra care limited Ownership
MEARS EXTRA CARE LIMITED group structure
Mears Extra Care Limited has 3 subsidiary companies.
Ultimate parent company
1 parent
MEARS EXTRA CARE LIMITED
03689426
3 subsidiaries
mears extra care limited directors
Mears Extra Care Limited currently has 1 director, Mr Ben Westran serving since Feb 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ben Westran | United Kingdom | 48 years | Feb 2010 | - | Director |
P&L
December 2023turnover
5.3m
-9%
operating profit
160.6k
-30%
gross margin
39.8%
-0.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.8m
+0.17%
total assets
7m
-0.19%
cash
266.3k
-0.8%
net assets
Total assets minus all liabilities
mears extra care limited company details
company number
03689426
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
December 1998
age
27
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
mears care (holdings) limited (December 2019)
supporta care (holdings) limited (April 2010)
accountant
-
auditor
-
address
2nd floor unit 5220, valiant court, gloucester, GL3 4FE
Bank
BARCLAYS BANK PLC
Legal Advisor
TRAVERS SMITH
mears extra care 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 3 charges/mortgages relating to mears extra care limited. Currently there are 0 open charges and 3 have been satisfied in the past.
mears extra care 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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mears extra care limited Companies House Filings - See Documents
| date | description | view/download |
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