Ross Healthcare Limited

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ross healthcare limited Company Information

Live

MatureSmallHealthy

Company Number

03815444

Website

http://majesticare.co.uk

Registered Address

nova house hall farm way, smalley, ilkeston, DE7 6JS

Industry

Residential nursing care activities

Telephone

01270878883

Next Accounts Due

June 2024

Group Structure

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Directors

Roger Pratap24 Years

Steven Oakes15 Years

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Shareholders

majesticare holdings 1 ltd 100%

ross healthcare limited Estimated Valuation

£17.7m

Pomanda estimates the enterprise value of ROSS HEALTHCARE LIMITED at £17.7m based on Net Assets of £6.3m and 2.79x industry multiple (adjusted for liquidity).

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Ross Healthcare Limited is a live company located in ilkeston, DE7 6JS with a Companies House number of 03815444. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in July 1999, it's largest shareholder is majesticare holdings 1 ltd with a 100% stake. Ross Healthcare Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ross Healthcare 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

Health Rating3out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £4.6m, make it in line with the average company (£4m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.1%)

EXPORT

Ross Healthcare Limited's latest turnover from September 2022 is £4.6 million and the company has net assets of £6.3 million. According to their latest financial statements, Ross Healthcare Limited has 172 employees and maintains cash reserves of £72.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	4,648,460	3,927,626	4,285,835	3,840,260	3,862,579	3,814,697	4,279,620	4,038,927	5,231,595	11,481,461	17,129,865	15,424,405	12,944,453	11,381,812
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,964,856	2,876,905	2,758,851	2,398,363	2,240,482	2,200,071	2,491,107	2,511,925	3,292,686	6,751,011	9,551,389	8,557,888	6,964,684	6,355,680
Gross Profit	1,683,604	1,050,721	1,526,984	1,441,897	1,622,097	1,614,626	1,788,513	1,527,002	1,938,909	4,730,450	7,578,476	6,866,517	5,979,769	5,026,132
Admin Expenses	1,587,048	1,578,856	1,445,687	1,229,774	1,402,985	1,045,976	1,285,251	225,724	2,797,616	3,460,269	4,827,479	4,758,194	3,680,033	3,566,942
Operating Profit	96,556	-528,135	81,297	212,123	219,112	568,650	503,262	1,301,278	-858,707	1,270,181	2,750,997	2,108,323	2,299,736	1,459,190
Interest Payable	162,916	225,916	292,647	323,848	347,172	357,025	366,463	373,471	604,546	1,184,961	1,253,932	1,207,456	1,147,497	1,318,529
Interest Receivable	7	0	304,305	0	0	15	12	292	3,325	6,500	6,114	9,994	8,814	10,448
Pre-Tax Profit	-66,353	-754,051	92,955	-125,448	-128,060	211,640	136,811	928,099	-2,385,746	9,295,943	1,503,179	910,861	1,161,053	135,079
Tax	-71,441	-63,710	-2,521	-87,775	0	0	0	0	0	-4,700	-199,945	262,677	-402,696	-32,459
Profit After Tax	-137,794	-817,761	90,434	-213,223	-128,060	211,640	136,811	928,099	-2,385,746	9,291,243	1,303,234	1,173,538	758,357	102,620
Dividends Paid	0	0	0	0	0	0	0	0	0	4,129,001	0	0	0	0
Retained Profit	-137,794	-817,761	90,434	-213,223	-128,060	211,640	136,811	928,099	-2,385,746	5,162,242	1,303,234	1,173,538	758,357	102,620
Employee Costs	2,779,454	2,619,834	2,570,057	2,253,970	2,184,988	2,019,020	2,263,536	2,305,450	3,866,570	6,863,657	8,701,212	7,512,259	6,158,367	5,660,492
Number Of Employees	172	180	147	151	124	129	152	149	228	436	637	580	483	448
EBITDA*	381,099	-254,404	367,841	534,532	539,011	907,604	936,231	1,683,465	-236,910	1,866,346	3,533,815	2,961,455	3,059,688	2,183,755

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	6,483,311	6,569,698	6,683,216	6,730,446	6,555,209	6,660,241	6,838,590	7,085,424	9,142,141	9,317,794	16,457,579	216,133	15,645,633	11,943,399
Intangible Assets	0	0	0	0	0	0	0	0	0	0	36,666	16,615,786	538,333	860,533
Investments & Other	0	0	0	0	0	0	0	0	1	0	3,949,001	3,949,001	3,949,001	3,949,001
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	207,500	207,500	207,500	207,500	207,500
Total Fixed Assets	6,483,311	6,569,698	6,683,216	6,730,446	6,555,209	6,660,241	6,838,590	7,085,424	9,142,142	9,525,294	20,650,746	20,988,420	20,340,467	16,960,433
Stock & work in progress	29,992	29,992	29,992	29,992	29,992	29,992	29,992	29,992	31,992	31,992	31,992	31,992	31,992	31,992
Trade Debtors	294,162	135,625	241,953	87,753	89,647	105,222	171,901	122,563	156,612	130,910	75,984	282,652	147,375	57,711
Group Debtors	0	0	0	0	0	0	0	0	0	24,395,406	8,004,115	7,286,068	7,220,659	6,363,256
Misc Debtors	7,420,445	6,687,316	7,649,330	7,667,946	7,419,033	7,699,096	7,913,591	7,835,536	5,483,645	3,723,032	3,487,723	2,808,342	2,125,397	1,647,408
Cash	72,366	57,914	106,196	45,960	663,526	609,210	128,194	10,605	63,725	742,423	761,857	811,999	1,705,516	1,213,242
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,816,965	6,910,847	8,027,471	7,831,651	8,202,198	8,443,520	8,243,678	7,998,696	5,735,974	29,023,763	12,361,671	11,221,053	11,230,939	9,313,609
total assets	14,300,276	13,480,545	14,710,687	14,562,097	14,757,407	15,103,761	15,082,268	15,084,120	14,878,116	38,549,057	33,012,417	32,209,473	31,571,406	26,274,042
Bank overdraft	0	0	0	0	0	184,638	175,724	163,292	0	672,740	578,801	534,716	398,217	0
Bank loan	166,773	132,000	213,635	211,086	196,461	0	0	0	158,159	0	0	0	0	0
Trade Creditors	338,293	213,217	193,963	246,193	225,480	268,167	279,951	262,629	392,210	341,475	623,840	630,247	439,839	461,199
Group/Directors Accounts	0	0	0	0	0	0	0	0	1	0	0	0	44,613	1
other short term finances	0	0	0	0	0	0	0	2,702	0	0	0	0	0	0
hp & lease commitments	8,662	12,146	20,448	24,991	21,091	21,371	19,230	14,498	23,466	266,195	221,776	131,112	0	4,412
other current liabilities	3,303,796	2,396,591	580,091	320,921	276,032	253,378	247,018	276,698	676,327	544,662	1,227,281	1,204,819	1,620,168	1,094,115
total current liabilities	3,817,524	2,753,954	1,008,137	803,191	719,064	727,554	721,923	719,819	1,250,163	1,825,072	2,651,698	2,500,894	2,502,837	1,559,727
loans	3,859,315	4,028,499	6,233,467	6,331,117	6,534,208	6,730,479	6,915,117	7,096,994	7,261,847	27,806,995	26,523,477	27,082,198	27,632,463	24,094,590
hp & lease commitments	0	8,302	15,039	37,531	23,656	37,189	48,329	7,219	34,117	199,255	281,749	268,748	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	284,933	213,492	159,985	186,633	63,631	63,631	63,631	63,631	63,631	63,631	63,631	169,005	421,016	362,992
total long term liabilities	4,144,248	4,250,293	6,408,491	6,555,281	6,621,495	6,831,299	7,027,077	7,167,844	7,359,595	28,069,881	26,868,857	27,519,951	28,053,479	24,457,582
total liabilities	7,961,772	7,004,247	7,416,628	7,358,472	7,340,559	7,558,853	7,749,000	7,887,663	8,609,758	29,894,953	29,520,555	30,020,845	30,556,316	26,017,309
net assets	6,338,504	6,476,298	7,294,059	7,203,625	7,416,848	7,544,908	7,333,268	7,196,457	6,268,358	8,654,104	3,491,862	2,188,628	1,015,090	256,733
total shareholders funds	6,338,504	6,476,298	7,294,059	7,203,625	7,416,848	7,544,908	7,333,268	7,196,457	6,268,358	8,654,104	3,491,862	2,188,628	1,015,090	256,733

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	96,556	-528,135	81,297	212,123	219,112	568,650	503,262	1,301,278	-858,707	1,270,181	2,750,997	2,108,323	2,299,736	1,459,190
Depreciation	284,543	273,731	286,544	322,409	319,899	338,954	432,969	382,187	621,797	591,582	603,351	530,932	437,752	402,365
Amortisation	0	0	0	0	0	0	0	0	0	4,583	179,467	322,200	322,200	322,200
Tax	-71,441	-63,710	-2,521	-87,775	0	0	0	0	0	-4,700	-199,945	262,677	-402,696	-32,459
Stock	0	0	0	0	0	0	0	-2,000	0	0	0	0	0	31,992
Debtors	891,666	-1,068,342	135,584	247,019	-295,638	-281,174	127,393	2,317,842	-22,816,591	16,681,526	1,190,760	883,631	1,425,056	8,275,875
Creditors	125,076	19,254	-52,230	20,713	-42,687	-11,784	17,322	-129,581	50,735	-282,365	-6,407	190,408	-21,360	461,199
Accruals and Deferred Income	907,205	1,816,500	259,170	44,889	22,654	6,360	-29,680	-399,629	131,665	-682,619	22,462	-415,349	526,053	1,094,115
Deferred Taxes & Provisions	71,441	53,507	-26,648	123,002	0	0	0	0	0	0	-105,374	-252,011	58,024	362,992
Cash flow from operations	521,714	2,639,489	410,028	388,342	814,616	1,183,354	796,480	-1,161,587	22,762,081	-15,784,864	2,053,791	1,863,549	1,794,653	-4,238,265
Investing Activities
capital expenditure	-198,156	0	0	0	-222,960	0	0	2,411,695	-462,829	13,597,814	-177,576	-1,609,793	-4,140,875	-977,427
Change in Investments	0	0	0	0	0	0	0	-1	1	-3,949,001	0	0	0	3,949,001
cash flow from investments	-198,156	0	0	0	-222,960	0	0	2,411,696	-462,830	17,546,815	-177,576	-1,609,793	-4,140,875	-4,926,428
Financing Activities
Bank loans	34,773	-81,635	2,549	14,625	196,461	0	0	-158,159	158,159	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	-1	1	0	0	-44,613	44,612	1
Other Short Term Loans	0	0	0	0	0	0	-2,702	2,702	0	0	0	0	0	0
Long term loans	-169,184	-2,204,968	-97,650	-203,091	-196,271	-184,638	-181,877	-164,853	-20,545,148	1,283,518	-558,721	-550,265	3,537,873	24,094,590
Hire Purchase and Lease Commitments	-11,786	-15,039	-27,035	17,775	-13,813	-8,999	45,842	-35,866	-407,867	-38,075	103,665	399,860	-4,412	4,412
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	154,113
interest	-162,909	-225,916	11,658	-323,848	-347,172	-357,010	-366,451	-373,179	-601,221	-1,178,461	-1,247,818	-1,197,462	-1,138,683	-1,308,081
cash flow from financing	-309,106	-2,527,558	-110,478	-494,539	-360,795	-550,647	-505,188	-729,356	-21,396,076	66,982	-1,702,874	-1,392,480	2,439,390	22,945,035
cash and cash equivalents
cash	14,452	-48,282	60,236	-617,566	54,316	481,016	117,589	-53,120	-678,698	-19,434	-50,142	-893,517	492,274	1,213,242
overdraft	0	0	0	0	-184,638	8,914	12,432	163,292	-672,740	93,939	44,085	136,499	398,217	0
change in cash	14,452	-48,282	60,236	-617,566	238,954	472,102	105,157	-216,412	-5,958	-113,373	-94,227	-1,030,016	94,057	1,213,242

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ROSS HEALTHCARE LIMITED group structure

Ross Healthcare Limited has no subsidiary companies.

Ultimate parent company

MAJESTICARE HOLDINGS 1 LIMITED

07892748

1 parent

ROSS HEALTHCARE LIMITED

03815444

ROSS HEALTHCARE LIMITED Shareholders

majesticare holdings 1 ltd

100%

Ross Healthcare Limited currently has 3 directors. The longest serving directors include Mr Roger Pratap (Jul 1999) and Mr Steven Oakes (Oct 2008).

officer	country	age	start	end	role
Mr Roger Pratap	England	54 years	Jul 1999	-	Director
Mr Steven Oakes	England	53 years	Oct 2008	-	Director
Ms Angela Boxall	England	49 years	Sep 2023	-	Director

P&L

September 2022

turnover

4.6m

+18%

operating profit

96.6k

-118%

gross margin

36.3%

+35.39%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2022

net assets

6.3m

-0.02%

total assets

14.3m

+0.06%

cash

72.4k

+0.25%

net assets

Total assets minus all liabilities

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company number

03815444

Type

Private limited with Share Capital

industry

87100 - Residential nursing care activities

incorporation date

July 1999

age

accounts

Full Accounts

ultimate parent company

MAJESTICARE HOLDINGS 1 LIMITED

previous names

ross healthcare limited (October 2009)

incorporated

address

nova house hall farm way, smalley, ilkeston, DE7 6JS

last accounts submitted

September 2022

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 20 charges/mortgages relating to ross healthcare limited. Currently there are 10 open charges and 10 have been satisfied in the past.

ross healthcare limited Company Information

ross healthcare limited Estimated Valuation

ross healthcare limited Estimated Valuation

ross healthcare limited Estimated Valuation

Ross Healthcare Limited Overview

Ross Healthcare Limited Health Check

ROSS HEALTHCARE LIMITED financials

ross healthcare limited Credit Report and Business Information

Ross Healthcare Limited Competitor Analysis

ross healthcare limited Ownership

ross healthcare limited directors

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