Wealthcare Limited

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wealthcare limited Company Information

Live

MatureSmallDeclining

Company Number

04248489

Website

www.wealthcare.co.uk

Registered Address

4 castlecroft court, castlecroft road, bury, lancashire, BL9 0LN

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Telephone

01613487100

Next Accounts Due

September 2025

Group Structure

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Directors

Richard Harris21 Years

Stephen Cainer20 Years

Shareholders

richard harris 45%

stephen lawrence cainer 45%

View All

wealthcare limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of WEALTHCARE LIMITED at £2.4m based on a Turnover of £1.6m and 1.47x industry multiple (adjusted for size and gross margin).

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Wealthcare Limited is a live company located in bury, BL9 0LN with a Companies House number of 04248489. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in July 2001, it's largest shareholder is richard harris with a 45% stake. Wealthcare Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Wealthcare Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£5.5m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (4.8%)

EXPORT

Wealthcare Limited's latest turnover from December 2023 is estimated at £1.6 million and the company has net assets of £78.8 thousand. According to their latest financial statements, Wealthcare Limited has 12 employees and maintains cash reserves of £169 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	Dec 2009
Turnover	1,607,582	1,661,680	1,706,044	2,200,551	2,431,726	2,092,245	300,722	97,166	0	129,407	180,832	187,429	174,348	266,663	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	688,115	644,231	639,660	831,175	867,534	749,155	108,788	35,628	0	49,047	70,657	78,188	76,154	122,499	0
Gross Profit	919,468	1,017,450	1,066,384	1,369,375	1,564,193	1,343,090	191,934	61,539	0	80,360	110,175	109,241	98,193	144,164	0
Admin Expenses	987,073	999,192	1,005,014	1,340,598	1,597,417	1,285,812	173,579	82,069	-15,292	72,331	115,999	114,731	68,033	148,592	-28,109
Operating Profit	-67,605	18,258	61,370	28,777	-33,224	57,278	18,355	-20,530	15,292	8,029	-5,824	-5,490	30,160	-4,428	28,109
Interest Payable	3,300	3,800	3,320	2,211	1,460	1,422	329	0	0	0	0	0	0	0	0
Interest Receivable	9,226	7,303	456	121	906	768	250	165	407	288	148	100	71	24	10
Pre-Tax Profit	-61,679	21,760	58,506	26,686	-33,779	56,623	18,277	-20,365	15,699	8,318	-5,676	-5,390	30,231	-4,404	28,119
Tax	0	-4,134	-11,116	-5,070	0	-10,758	-3,473	0	-3,140	-1,747	0	0	-7,860	0	-7,873
Profit After Tax	-61,679	17,626	47,390	21,616	-33,779	45,865	14,804	-20,365	12,559	6,571	-5,676	-5,390	22,371	-4,404	20,246
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-61,679	17,626	47,390	21,616	-33,779	45,865	14,804	-20,365	12,559	6,571	-5,676	-5,390	22,371	-4,404	20,246
Employee Costs	1,006,080	1,026,382	999,246	1,358,571	1,477,676	1,229,685	138,578	67,339	0	61,353	62,808	60,029	60,522	118,665	0
Number Of Employees	12	13	13	18	20	17	2	1	0	1	1	1	1	2	0
EBITDA*	-65,215	20,945	65,202	32,939	-30,235	60,803	23,373	-12,347	22,296	11,411	12,719	12,016	47,470	13,752	45,229

* 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	Dec 2009
Tangible Assets	9,402	10,347	13,034	13,423	17,585	12,668	16,193	20,683	24,735	17,431	3,315	1,839	2,433	2,223	1,115
Intangible Assets	0	0	0	0	0	0	0	0	0	0	16,320	32,640	48,960	65,280	81,600
Investments & Other	50	50	50	50	50	50	50	50	50	50	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	9,452	10,397	13,084	13,473	17,635	12,718	16,243	20,733	24,785	17,481	19,635	34,479	51,393	67,503	82,715
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	12,053	9,124	22,602	16,370	16,579	19,101	31,924	10,369	0	12,350	21,800	24,505	21,800	38,055	78,005
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	13,874	35,252	15,050	24,794	1,096	0	24,973	21,673	20,073	0	0	0	0	0	0
Cash	168,988	200,033	217,261	147,925	94,339	147,136	57,605	42,428	89,803	73,074	42,235	17,096	22,866	5,707	4,000
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	194,915	244,409	254,913	189,089	112,014	166,237	114,502	74,470	109,876	85,424	64,035	41,601	44,666	43,762	82,005
total assets	204,367	254,806	267,997	202,562	129,649	178,955	130,745	95,203	134,661	102,905	83,670	76,080	96,059	111,265	164,720
Bank overdraft	10,000	10,000	10,000	11,250	11,250	22,500	10,000	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	0	68,119	55,136	32,201	36,800	30,427	36,609
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	97,017	73,558	79,148	63,099	62,212	59,352	78,919	67,525	87,333	0	0	0	0	0	0
total current liabilities	107,017	83,558	89,148	74,349	73,462	81,852	88,919	67,525	87,333	68,119	55,136	32,201	36,800	30,427	36,609
loans	15,000	25,000	35,000	50,000	0	9,522	110	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	3,595	5,814	21,041	2,795	2,385	0	0	766	51	68	387	10,156	20,146	64,096	106,965
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	18,595	30,814	56,041	52,795	2,385	9,522	110	766	51	68	387	10,156	20,146	64,096	106,965
total liabilities	125,612	114,372	145,189	127,144	75,847	91,374	89,029	68,291	87,384	68,187	55,523	42,357	56,946	94,523	143,574
net assets	78,755	140,434	122,808	75,418	53,802	87,581	41,716	26,912	47,277	34,718	28,147	33,723	39,113	16,742	21,146
total shareholders funds	78,755	140,434	122,808	75,418	53,802	87,581	41,716	26,912	47,277	34,718	28,147	33,723	39,113	16,742	21,146

	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	Dec 2009
Operating Activities
Operating Profit	-67,605	18,258	61,370	28,777	-33,224	57,278	18,355	-20,530	15,292	8,029	-5,824	-5,490	30,160	-4,428	28,109
Depreciation	2,390	2,687	3,832	4,162	2,989	3,525	5,018	8,183	7,004	3,382	2,223	1,186	990	1,860	800
Amortisation	0	0	0	0	0	0	0	0	0	0	16,320	16,320	16,320	16,320	16,320
Tax	0	-4,134	-11,116	-5,070	0	-10,758	-3,473	0	-3,140	-1,747	0	0	-7,860	0	-7,873
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-18,449	6,724	-3,512	23,489	-1,426	-37,796	24,855	11,969	7,723	-9,450	-2,705	2,705	-16,255	-39,950	78,005
Creditors	0	0	0	0	0	0	0	0	-68,119	12,983	22,935	-4,599	6,373	-6,182	36,609
Accruals and Deferred Income	23,459	-5,590	16,049	887	2,860	-19,567	11,394	-19,808	87,333	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-23,307	4,497	73,647	5,267	-25,949	68,274	6,439	-44,124	30,647	32,097	38,359	4,712	62,238	47,520	-4,040
Investing Activities
capital expenditure	-1,445	0	-3,443	0	-7,906	0	-528	-4,131	-14,308	-1,178	-3,699	-592	-1,200	-2,968	-99,835
Change in Investments	0	0	0	0	0	0	0	0	0	50	0	0	0	0	0
cash flow from investments	-1,445	0	-3,443	0	-7,906	0	-528	-4,131	-14,308	-1,228	-3,699	-592	-1,200	-2,968	-99,835
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-10,000	-15,000	50,000	-9,522	9,412	110	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	0
other long term liabilities	-2,219	-15,227	18,246	410	2,385	0	-766	715	-17	-319	-9,769	-9,990	-43,950	-42,869	106,965
share issue	0	0	0	0	0	0	0	0	0	0	100	0	0	0	900
interest	5,926	3,503	-2,864	-2,090	-554	-654	-79	165	407	288	148	100	71	24	10
cash flow from financing	-6,293	-21,724	382	48,320	-7,691	8,758	-735	880	390	-31	-9,521	-9,890	-43,879	-42,845	107,875
cash and cash equivalents
cash	-31,045	-17,228	69,336	53,586	-52,797	89,531	15,177	-47,375	16,729	30,839	25,139	-5,770	17,159	1,707	4,000
overdraft	0	0	-1,250	0	-11,250	12,500	10,000	0	0	0	0	0	0	0	0
change in cash	-31,045	-17,228	70,586	53,586	-41,547	77,031	5,177	-47,375	16,729	30,839	25,139	-5,770	17,159	1,707	4,000

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WEALTHCARE LIMITED group structure

Wealthcare Limited has no subsidiary companies.

Ultimate parent company

WEALTHCARE LIMITED

04248489

WEALTHCARE LIMITED Shareholders

richard harris	45%
stephen lawrence cainer	45%
amanda cainer	5%
shelley harris	5%

Wealthcare Limited currently has 2 directors. The longest serving directors include Mr Richard Harris (Jul 2003) and Mr Stephen Cainer (Feb 2004).

officer	country	age	start	end	role
Mr Richard Harris	England	57 years	Jul 2003	-	Director
Mr Stephen Cainer	England	58 years	Feb 2004	-	Director

P&L

December 2023

turnover

1.6m

-3%

operating profit

-67.6k

gross margin

57.2%

-6.59%

turnover

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

Balance Sheet

December 2023

net assets

78.8k

-0.44%

total assets

204.4k

-0.2%

cash

169k

-0.16%

net assets

Total assets minus all liabilities

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company number

04248489

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

July 2001

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2023

address

4 castlecroft court, castlecroft road, bury, lancashire, BL9 0LN

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 wealthcare limited.

wealthcare limited Company Information

wealthcare limited Estimated Valuation

wealthcare limited Estimated Valuation

wealthcare limited Estimated Valuation

Wealthcare Limited Overview

Wealthcare Limited Health Check

WEALTHCARE LIMITED financials

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wealthcare limited Ownership

wealthcare limited directors

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