Skills For Care Ltd

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skills for care ltd Company Information

Live

MatureLargeDeclining

Company Number

03866683

Website

http://skillsforcare.org.uk

Registered Address

west gate, 6 grace street, leeds, west yorkshire, LS1 2RP

Industry

Other education n.e.c.

Telephone

01132451716

Next Accounts Due

December 2024

Group Structure

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Directors

Michael Lauerman23 Years

Suzie Bailey5 Years

View All

Shareholders

-0%

skills for care ltd Estimated Valuation

£50.4m

Pomanda estimates the enterprise value of SKILLS FOR CARE LTD at £50.4m based on a Turnover of £35.3m and 1.43x industry multiple (adjusted for size and gross margin).

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Skills For Care Ltd is a live company located in leeds, LS1 2RP with a Companies House number of 03866683. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in October 1999, it's largest shareholder is unknown. Skills For Care Ltd is a mature, large sized company, Pomanda has estimated its turnover at £35.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Skills For Care Ltd 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

Health Rating4out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £35.3m, make it larger than the average company (£460.5k)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3.9%)

EXPORT

Skills For Care Ltd's latest turnover from March 2023 is £35.3 million and the company has net assets of £40.4 million. According to their latest financial statements, Skills For Care Ltd has 199 employees and maintains cash reserves of £9.1 million 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	35,315,397	38,554,066	36,167,453	36,845,022	40,090,301	28,324,588	27,048,966	29,698,699	33,848,356	34,720,595	29,432,638	32,494,022	40,214,195	44,204,706
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	15,423,750	17,211,227	16,762,548	17,098,193	20,312,110	14,215,887	13,715,334	15,099,807	18,461,031	18,830,149	14,738,918	15,921,395	19,841,027	22,094,379
Gross Profit	19,891,647	21,342,839	19,404,905	19,746,829	19,778,191	14,108,701	13,333,632	14,598,892	15,387,325	15,890,446	14,693,720	16,572,627	20,373,168	22,110,327
Admin Expenses	20,279,060	20,555,611	18,399,378	18,945,376	15,992,967	14,753,664	13,505,121	14,931,498	13,454,950	14,954,270	26,206,059	14,220,685	14,772,596	17,164,396
Operating Profit	-387,413	787,228	1,005,527	801,453	3,785,224	-644,963	-171,489	-332,606	1,932,375	936,176	-11,512,339	2,351,942	5,600,572	4,945,931
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	34,490	705,826	823,444	658,272	3,131,174	-603,463	-140,022	-238,903	1,601,315	801,273	-11,371,297	1,857,271	4,146,678	3,621,850
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	34,490	705,826	823,444	658,272	3,131,174	-603,463	-140,022	-238,903	1,601,315	801,273	-11,371,297	1,857,271	4,146,678	3,621,850
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	34,490	705,826	823,444	658,272	3,131,174	-603,463	-140,022	-238,903	1,601,315	801,273	-11,371,297	1,857,271	4,146,678	3,621,850
Employee Costs	9,926,827	9,141,382	8,621,031	9,332,336	8,724,559	8,242,394	7,702,581	9,041,306	8,770,781	9,103,827	9,661,497	8,259,588	10,855,357	9,581,856
Number Of Employees	199	197	203	208	202	194	192	207	214	206	186	183	229	219
EBITDA*	2,101,139	3,639,028	5,854,641	4,433,190	5,395,530	1,206,144	1,143,580	872,096	3,010,391	1,467,835	-9,890,405	7,865,394	6,972,450	5,750,841

* 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	192,463	58,222	121,347	203,851	361,209	92,209	1,509,159	1,869,551	2,064,185	1,876,056	806,232	1,546,210	2,669,657	2,484,305
Intangible Assets	4,374,238	4,458,618	4,407,287	4,033,270	2,976,110	902,634	0	0	0	0	0	0	0	0
Investments & Other	33,531,625	35,125,409	32,023,044	28,066,703	27,491,226	25,438,458	22,792,272	10,110,202	10,067,213	9,013,793	8,872,464	8,791,387	9,187,955	3,997,527
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	38,098,326	39,642,249	36,551,678	32,303,824	30,828,545	26,433,301	24,301,431	11,979,753	12,131,398	10,889,849	9,678,696	10,337,597	11,857,612	6,481,832
Stock & work in progress	7,304	12,221	24,257	35,422	51,650	59,336	81,431	23,821	22,749	57,083	23,877	0	0	0
Trade Debtors	1,289,030	4,700,665	1,054,308	1,028,145	2,892,798	1,038,641	2,928,853	386,070	462,481	329,615	368,215	85,850	182,546	266,649
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,255,682	684,671	114,221	327,264	453,829	256,153	226,678	421,287	197,801	102,414	232,133	289,821	202,492	918,945
Cash	9,058,353	11,176,634	11,266,720	10,873,970	11,583,996	9,862,109	6,737,906	18,436,052	19,045,064	18,797,401	22,977,800	33,438,860	29,714,800	33,766,409
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	14,610,369	16,574,191	12,459,506	12,264,801	14,982,273	11,216,239	9,974,868	19,267,230	19,728,095	19,286,513	23,602,025	33,814,531	30,099,838	34,952,003
total assets	52,708,695	56,216,440	49,011,184	44,568,625	45,810,818	37,649,540	34,276,299	31,246,983	31,859,493	30,176,362	33,280,721	44,152,128	41,957,450	41,433,835
Bank overdraft	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
Trade Creditors	527,205	286,182	272,976	383,624	446,165	487,110	167,674	224,060	74,581	29,977	295,752	0	656,752	7,929
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	11,499,375	13,825,429	9,710,916	9,682,110	12,457,930	9,656,650	7,142,567	4,861,729	5,736,804	6,356,012	9,560,198	9,213,113	8,240,387	10,500,701
total current liabilities	12,026,580	14,111,611	9,983,892	10,065,734	12,904,095	10,143,760	7,310,241	5,085,789	5,811,385	6,385,989	9,855,950	9,213,113	8,897,139	10,508,630
loans	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
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	239,345	239,345	100,000	137,384	137,384	157,384	157,384	210,000	210,000	210,000	210,000	0	0	0
total long term liabilities	239,345	726,345	8,715,000	7,887,384	7,090,384	2,471,384	1,919,384	4,175,000	2,944,000	856,000	5,623,000	7,346,000	5,629,000	10,692,000
total liabilities	12,265,925	14,837,956	18,698,892	17,953,118	19,994,479	12,615,144	9,229,625	9,260,789	8,755,385	7,241,989	15,478,950	16,559,113	14,526,139	21,200,630
net assets	40,442,770	41,378,484	30,312,292	26,615,507	25,816,339	25,034,396	25,046,674	21,986,194	23,104,108	22,934,373	17,801,771	27,593,015	27,431,311	20,233,205
total shareholders funds	40,442,770	41,378,484	30,312,292	26,615,507	25,816,339	25,034,396	25,046,674	21,986,194	23,104,108	22,934,373	17,801,771	27,593,015	27,431,311	20,233,205

	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	-387,413	787,228	1,005,527	801,453	3,785,224	-644,963	-171,489	-332,606	1,932,375	936,176	-11,512,339	2,351,942	5,600,572	4,945,931
Depreciation	10,560	46,878	2,424,557	1,894,545	670,638	1,611,907	1,315,069	1,204,702	1,078,016	531,659	1,621,934	5,513,452	1,371,878	804,910
Amortisation	2,477,992	2,804,922	2,424,557	1,737,192	939,668	239,200	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	-4,917	-12,036	-11,165	-16,228	-7,686	-22,095	57,610	1,072	-34,334	33,206	23,877	0	0	0
Debtors	159,376	4,216,807	-186,880	-1,991,218	2,051,833	-1,860,737	2,348,174	147,075	228,253	-168,319	224,677	-9,367	-800,556	1,185,594
Creditors	241,023	13,206	-110,648	-62,541	-40,945	319,436	-56,386	149,479	44,604	-265,775	295,752	-656,752	648,823	7,929
Accruals and Deferred Income	-2,326,054	4,114,513	28,806	-2,775,820	2,801,280	2,514,083	2,280,838	-875,075	-619,208	-3,204,186	347,085	972,726	-2,260,314	10,500,701
Deferred Taxes & Provisions	0	139,345	-37,384	0	-20,000	0	-52,616	0	0	0	210,000	0	0	0
Cash flow from operations	-138,351	3,701,321	5,933,460	3,602,275	6,091,718	5,922,495	909,632	-1,647	2,241,868	-1,867,013	-9,286,122	8,190,735	6,161,515	15,073,877
Investing Activities
capital expenditure	0	0	0	0	0	-1,600,000	-10,972,568	0	-1,092,551	-1,601,482	-881,957	-1,702,323	-6,557,230	-820,158
Change in Investments	-1,593,784	3,102,365	3,956,341	575,477	2,052,768	2,646,186	12,682,070	42,989	1,053,420	141,329	81,077	-396,568	5,190,428	3,997,527
cash flow from investments	1,593,784	-3,102,365	-3,956,341	-575,477	-2,052,768	-4,246,186	-23,654,638	-42,989	-2,145,971	-1,742,811	-963,034	-1,305,755	-11,747,658	-4,817,685
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	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	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	-970,204	10,360,366	2,873,341	140,896	-2,349,231	591,185	3,200,502	-879,011	-1,431,580	4,331,329	1,580,053	-1,695,567	3,051,428	16,611,355
interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from financing	-970,204	10,360,366	2,873,341	140,896	-2,349,231	591,185	3,200,502	-879,011	-1,431,580	4,331,329	1,580,053	-1,695,567	3,051,428	16,611,355
cash and cash equivalents
cash	-2,118,281	-90,086	392,750	-710,026	1,721,887	3,124,203	-11,698,146	-609,012	247,663	-4,180,399	-10,461,060	3,724,060	-4,051,609	33,766,409
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-2,118,281	-90,086	392,750	-710,026	1,721,887	3,124,203	-11,698,146	-609,012	247,663	-4,180,399	-10,461,060	3,724,060	-4,051,609	33,766,409

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SKILLS FOR CARE LTD group structure

Skills For Care Ltd has 3 subsidiary companies.

Ultimate parent company

SKILLS FOR CARE LTD

03866683

3 subsidiaries

AFFINA ORGANISATION DEVELOPMENT LIMITED

04644495

SKILLS FOR CARE SERVICES LTD

13778192

SKILLS FOR CARE SOLUTIONS LIMITED

07938138

SKILLS FOR CARE LTD Shareholders

Skills For Care Ltd currently has 11 directors. The longest serving directors include Mr Michael Lauerman (May 2001) and Mrs Suzie Bailey (Oct 2018).

officer	country	age	start	end	role
Mr Michael Lauerman	England	82 years	May 2001	-	Director
Mrs Suzie Bailey		55 years	Oct 2018	-	Director
Dr Mark Ward		55 years	Jul 2019	-	Director
Mr John Coughlan		64 years	Feb 2022	-	Director
Mrs Gillian Day		53 years	Jun 2022	-	Director
Mr James Bullion		59 years	Aug 2022	-	Director
Mrs Penelope Fell		67 years	Nov 2022	-	Director
Mr Naser Turabi		45 years	Nov 2022	-	Director
Mr William Mumford		67 years	Nov 2022	-	Director
Mr Peter Chambers		56 years	Apr 2024	-	Director

P&L

March 2023

turnover

35.3m

-8%

operating profit

-387.4k

gross margin

56.4%

+1.75%

turnover

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

Balance Sheet

March 2023

net assets

40.4m

-0.02%

total assets

52.7m

-0.06%

cash

9.1m

-0.19%

net assets

Total assets minus all liabilities

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company number

03866683

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

85590 - Other education n.e.c.

incorporation date

October 1999

accounts

Group

ultimate parent company

None

previous names

topss england (February 2005)

last accounts submitted

March 2023

address

west gate, 6 grace street, leeds, west yorkshire, LS1 2RP

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 1 charges/mortgages relating to skills for care ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

skills for care ltd Company Information

skills for care ltd Estimated Valuation

skills for care ltd Estimated Valuation

skills for care ltd Estimated Valuation

Skills For Care Ltd Overview

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SKILLS FOR CARE LTD financials

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