Reeson Care Homes Limited

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reeson care homes limited Company Information

Live

MatureMidRapid

Company Number

04003013

Website

Registered Address

handel house, 95 high street, edgware, middlesex, HA8 7DB

Industry

Residential nursing care activities

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Harrison Aibangbee23 Years

Helen Aibangbee18 Years

Shareholders

mrs helen aibangbee 50%

mr harrison emwenregie aibangbee 50%

reeson care homes limited Estimated Valuation

£4m - £10.2m

The estimated valuation range for reeson care homes limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £4m to £10.2m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Reeson Care Homes Limited AI Business Plan

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Reeson Care Homes Limited is a live company located in edgware, HA8 7DB with a Companies House number of 04003013. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in May 2000, it's largest shareholder is mrs helen aibangbee with a 50% stake. Reeson Care Homes Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Reeson Care Homes Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £9.8m, make it larger than the average company (£4.3m)

Growth

3 year (CAGR) sales growth of 76%, show it is growing at a faster rate (5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REESON CARE HOMES LIMITED group structure

Reeson Care Homes Limited has no subsidiary companies.

Ultimate parent company

REESON CARE HOMES LIMITED

04003013

REESON CARE HOMES LIMITED Shareholders

mrs helen aibangbee	50%
mr harrison emwenregie aibangbee	50%

Reeson Care Homes Limited currently has 2 directors. The longest serving directors include Mr Harrison Aibangbee (May 2000) and Mrs Helen Aibangbee (Mar 2006).

officer	country	age	start	end	role
Mr Harrison Aibangbee	United Kingdom	60 years	May 2000	-	Director
Mrs Helen Aibangbee	United Kingdom	58 years	Mar 2006	-	Director

EXPORT

Reeson Care Homes Limited's latest turnover from March 2023 is estimated at £9.8 million and the company has net assets of £2.4 million. According to their latest financial statements, Reeson Care Homes Limited has 39 employees and maintains cash reserves of £595.9 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	9,796,754	5,845,479	4,591,722	1,783,479	2,016,182	1,514,718	1,210,294	1,211,266	1,133,052	1,373,328	1,920,556	281,348	236,122	216,685
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,343,798	4,346,987	3,409,197	1,293,737	1,455,741	1,072,439	865,738	874,564	784,470	950,925	1,304,923	193,243	163,136	149,515
Gross Profit	2,452,956	1,498,492	1,182,525	489,742	560,441	442,280	344,556	336,702	348,582	422,403	615,633	88,105	72,986	67,170
Admin Expenses	1,758,741	662,393	550,316	271,585	608,410	208,580	215,890	266,657	317,554	399,164	625,959	66,308	59,483	-60,276
Operating Profit	694,215	836,099	632,209	218,157	-47,969	233,700	128,666	70,045	31,028	23,239	-10,326	21,797	13,503	127,446
Interest Payable	0	0	0	0	0	1,365	2,563	1,300	0	0	0	0	0	0
Interest Receivable	29,706	5,007	421	199	1,272	995	263	223	81	11	103	222	224	105
Pre-Tax Profit	723,921	841,106	632,630	218,357	-46,697	233,330	126,366	68,968	31,109	23,249	-10,223	22,019	13,726	127,551
Tax	-137,545	-159,810	-120,200	-41,488	0	-44,333	-25,273	-13,793	-6,533	-5,347	0	-5,725	-3,843	-35,714
Profit After Tax	586,376	681,296	512,430	176,869	-46,697	188,997	101,093	55,174	24,576	17,902	-10,223	16,294	9,883	91,837
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	586,376	681,296	512,430	176,869	-46,697	188,997	101,093	55,174	24,576	17,902	-10,223	16,294	9,883	91,837
Employee Costs	856,569	824,233	796,292	764,181	699,179	687,181	566,751	587,792	544,291	657,628	931,149	143,642	116,368	116,878
Number Of Employees	39	40	40	40	39	40	35	38	37	45	64	10	8	8
EBITDA*	734,573	874,749	667,144	254,465	-19,904	254,364	154,864	97,988	57,043	46,331	10,002	38,357	27,790	140,278

* 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	280,655	303,933	305,426	269,322	165,601	180,463	157,707	173,979	155,625	154,650	147,678	125,534	117,129	113,031
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	23,588	0	0	0	0
Total Fixed Assets	280,655	303,933	305,426	269,322	165,601	180,463	157,707	173,979	155,625	178,238	147,678	125,534	117,129	113,031
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,221,760	1,143,125	812,235	241,359	330,349	216,264	150,089	117,146	102,385	103,695	153,711	12,403	7,380	5,540
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	595,914	802,000	533,283	308,049	90,729	248,596	149,528	60,938	28,208	4,110	117	41,227	47,388	42,044
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,817,674	1,945,125	1,345,518	549,408	421,078	464,860	299,617	178,084	130,593	107,805	153,828	53,630	54,768	47,584
total assets	3,098,329	2,249,058	1,650,944	818,730	586,679	645,323	457,324	352,063	286,218	286,043	301,506	179,164	171,897	160,615
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	18,581	0	0	0	0	0	0	0
Trade Creditors	670,261	408,035	487,048	171,257	126,317	145,100	0	106,612	76,695	114,422	124,894	55,382	59,819	57,867
Group/Directors Accounts	0	0	0	0	0	0	6,788	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	0	0	0	0	0	0	101,976	0	0	0	0	0	0	0
total current liabilities	670,261	408,035	487,048	171,257	126,317	145,100	127,345	106,612	76,695	114,422	124,894	55,382	59,819	57,867
loans	0	0	0	0	0	0	23,433	39,998	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	11,516	4,680	0	0	59,244	45,918	68,811	5,758	10,348	10,901
provisions	22,251	21,582	25,751	21,758	0	0	0	0	0	0	0	0	0	0
total long term liabilities	22,251	21,582	25,751	21,758	11,516	4,680	23,433	39,998	59,244	45,918	68,811	5,758	10,348	10,901
total liabilities	692,512	429,617	512,799	193,015	137,833	149,780	150,778	146,610	135,939	160,340	193,705	61,140	70,167	68,768
net assets	2,405,817	1,819,441	1,138,145	625,715	448,846	495,543	306,546	205,453	150,279	125,703	107,801	118,024	101,730	91,847
total shareholders funds	2,405,817	1,819,441	1,138,145	625,715	448,846	495,543	306,546	205,453	150,279	125,703	107,801	118,024	101,730	91,847

	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	694,215	836,099	632,209	218,157	-47,969	233,700	128,666	70,045	31,028	23,239	-10,326	21,797	13,503	127,446
Depreciation	40,358	38,650	34,935	36,308	28,065	20,664	26,198	27,943	26,015	23,092	20,328	16,560	14,287	12,832
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-137,545	-159,810	-120,200	-41,488	0	-44,333	-25,273	-13,793	-6,533	-5,347	0	-5,725	-3,843	-35,714
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,078,635	330,890	570,876	-88,990	114,085	66,175	32,943	14,761	-24,898	-26,428	141,308	5,023	1,840	5,540
Creditors	262,226	-79,013	315,791	44,940	-18,783	145,100	-106,612	29,917	-37,727	-10,472	69,512	-4,437	1,952	57,867
Accruals and Deferred Income	0	0	0	0	0	-101,976	101,976	0	0	0	0	0	0	0
Deferred Taxes & Provisions	669	-4,169	3,993	21,758	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-218,712	300,867	295,852	368,665	-152,772	186,980	92,012	99,351	37,681	56,940	-61,794	23,172	24,059	156,891
Investing Activities
capital expenditure	-17,080	-37,157	-71,039	-140,029	-13,203	-43,420	-9,926	-46,297	-26,990	-30,064	-42,472	-24,965	-18,385	-125,863
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-17,080	-37,157	-71,039	-140,029	-13,203	-43,420	-9,926	-46,297	-26,990	-30,064	-42,472	-24,965	-18,385	-125,863
Financing Activities
Bank loans	0	0	0	0	0	-18,581	18,581	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-6,788	6,788	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	-23,433	-16,565	39,998	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	-11,516	6,836	4,680	0	-59,244	13,326	-22,893	63,053	-4,590	-553	10,901
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	10
interest	29,706	5,007	421	199	1,272	-370	-2,300	-1,077	81	11	103	222	224	105
cash flow from financing	29,706	5,007	421	-11,317	8,108	-44,492	6,504	-20,323	13,407	-22,882	63,156	-4,368	-329	11,016
cash and cash equivalents
cash	-206,086	268,717	225,234	217,320	-157,867	99,068	88,590	32,730	24,098	3,993	-41,110	-6,161	5,344	42,044
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-206,086	268,717	225,234	217,320	-157,867	99,068	88,590	32,730	24,098	3,993	-41,110	-6,161	5,344	42,044

P&L

March 2023

turnover

9.8m

+68%

operating profit

694.2k

gross margin

25.1%

-2.33%

turnover

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

Balance Sheet

March 2023

net assets

2.4m

+0.32%

total assets

3.1m

+0.38%

cash

595.9k

-0.26%

net assets

Total assets minus all liabilities

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3.5

company number

04003013

Type

Private limited with Share Capital

industry

87100 - Residential nursing care activities

incorporation date

May 2000

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

rizona restaurants limited (February 2005)

incorporated

address

handel house, 95 high street, edgware, middlesex, HA8 7DB

last accounts submitted

March 2023

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 did not find charges/mortgages relating to reeson care homes limited.

reeson care homes limited Company Information

reeson care homes limited Estimated Valuation

reeson care homes limited Estimated Valuation

reeson care homes limited Estimated Valuation

Reeson Care Homes Limited AI Business Plan

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