choices homecare (merseyside) limited
choices homecare (merseyside) limited Company Information
Company Number
04398218
Next Accounts
Apr 2025
Shareholders
optimo care group ltd
Group Structure
View All
Industry
Social work activities without accommodation for the elderly and disabled
Registered Address
1st floor, maple house, maple es, 1st floor maple house, maple est, barnsley, south yorkshire, S75 2BL
Website
www.warrencare.co.ukchoices homecare (merseyside) limited Estimated Valuation
Pomanda estimates the enterprise value of CHOICES HOMECARE (MERSEYSIDE) LIMITED at £1.4m based on a Turnover of £2.4m and 0.59x industry multiple (adjusted for size and gross margin).
choices homecare (merseyside) limited Estimated Valuation
Pomanda estimates the enterprise value of CHOICES HOMECARE (MERSEYSIDE) LIMITED at £23.5k based on an EBITDA of £3.9k and a 6.04x industry multiple (adjusted for size and gross margin).
choices homecare (merseyside) limited Estimated Valuation
Pomanda estimates the enterprise value of CHOICES HOMECARE (MERSEYSIDE) LIMITED at £1.4m based on Net Assets of £499.8k and 2.82x industry multiple (adjusted for liquidity).
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Choices Homecare (merseyside) Limited Overview
Choices Homecare (merseyside) Limited is a live company located in barnsley, S75 2BL with a Companies House number of 04398218. It operates in the social work activities without accommodation for the elderly and disabled sector, SIC Code 88100. Founded in March 2002, it's largest shareholder is optimo care group ltd with a 100% stake. Choices Homecare (merseyside) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.
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Choices Homecare (merseyside) Limited Health Check
Pomanda's financial health check has awarded Choices Homecare (Merseyside) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £2.4m, make it larger than the average company (£488.6k)
- Choices Homecare (merseyside) Limited
£488.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.9%)
- Choices Homecare (merseyside) Limited
2.9% - Industry AVG
Production
with a gross margin of 36%, this company has a comparable cost of product (36%)
- Choices Homecare (merseyside) Limited
36% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (2.2%)
- Choices Homecare (merseyside) Limited
2.2% - Industry AVG
Employees
with 123 employees, this is above the industry average (17)
123 - Choices Homecare (merseyside) Limited
17 - Industry AVG
Pay Structure
on an average salary of £20.4k, the company has an equivalent pay structure (£20.4k)
- Choices Homecare (merseyside) Limited
£20.4k - Industry AVG
Efficiency
resulting in sales per employee of £19.9k, this is less efficient (£29k)
- Choices Homecare (merseyside) Limited
£29k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (19 days)
- Choices Homecare (merseyside) Limited
19 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (8 days)
- Choices Homecare (merseyside) Limited
8 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Choices Homecare (merseyside) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (210 weeks)
0 weeks - Choices Homecare (merseyside) Limited
210 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.8%, this is a higher level of debt than the average (14%)
85.8% - Choices Homecare (merseyside) Limited
14% - Industry AVG
CHOICES HOMECARE (MERSEYSIDE) LIMITED financials
Choices Homecare (Merseyside) Limited's latest turnover from July 2023 is estimated at £2.4 million and the company has net assets of £499.8 thousand. According to their latest financial statements, Choices Homecare (Merseyside) Limited has 123 employees and maintains cash reserves of £571 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,813,751 | 5,034,508 | 4,520,116 | 5,161,247 | 4,967,698 | 4,126,765 | 3,604,583 | 3,476,073 | ||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 3,110,270 | 4,047,204 | 3,713,054 | 4,201,581 | 3,940,050 | 3,174,532 | 2,973,417 | 2,677,028 | ||||||
| Gross Profit | 703,481 | 987,304 | 807,062 | 959,666 | 1,027,648 | 952,233 | 631,166 | 799,045 | ||||||
| Admin Expenses | 193,841 | 181,819 | 167,959 | 427,698 | 344,409 | 372,397 | 386,940 | 210,486 | ||||||
| Operating Profit | 509,640 | 805,485 | 639,103 | 531,968 | 683,239 | 579,836 | 244,226 | 588,559 | ||||||
| Interest Payable | 2,897 | 701 | 983 | 409 | 45 | 5,565 | 250 | |||||||
| Interest Receivable | 9 | 99 | 18 | |||||||||||
| Pre-Tax Profit | 506,752 | 804,810 | 638,219 | 531,577 | 683,239 | 579,791 | 238,661 | 588,309 | ||||||
| Tax | 1,491 | -95,203 | 815 | -38,917 | 8,547 | -75,676 | -36,326 | -69,649 | ||||||
| Profit After Tax | 508,243 | 709,607 | 639,034 | 492,660 | 691,786 | 504,115 | 202,335 | 518,660 | ||||||
| Dividends Paid | 519,880 | 726,100 | 359,005 | 700,000 | 1,200,000 | 750,000 | ||||||||
| Retained Profit | -11,637 | -16,493 | 280,029 | -207,340 | -508,214 | 504,115 | 202,335 | -231,340 | ||||||
| Employee Costs | 3,095,943 | 4,018,772 | 3,697,776 | 4,191,968 | ||||||||||
| Number Of Employees | 123 | 116 | 143 | 179 | 192 | 257 | 269 | 345 | ||||||
| EBITDA* | 513,397 | 810,252 | 647,003 | 541,321 | 694,399 | 589,123 | 253,230 | 592,086 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,587 | 3,265 | 4,089 | 6,085 | 5,896 | 9,469 | 14,236 | 19,919 | 23,025 | 30,161 | 17,282 | 14,239 | 13,428 | 17,171 |
| Intangible Assets | 224,087 | 152 | 401 | 749 | 271 | 455 | 490 | 1,830 | 3,381 | |||||
| Investments & Other | 613 | |||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 230,674 | 3,417 | 4,490 | 7,447 | 6,167 | 9,924 | 14,726 | 21,749 | 26,406 | 30,161 | 17,282 | 14,239 | 13,428 | 17,171 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 82,659 | 16,273 | 92,329 | 22,885 | 58,596 | 101,573 | 96,392 | 133,244 | 164,130 | 262,017 | 367,895 | 246,314 | 681,102 | 518,459 |
| Group Debtors | 2,857,677 | 2,198,873 | 1,593,823 | 1,463,333 | 1,174,518 | 716,898 | 212,001 | 1,252,155 | 1,634,501 | 965,336 | 833,238 | |||
| Misc Debtors | 359,377 | 196,218 | 202,043 | 249,804 | 237,990 | 326,210 | 239,101 | 190,948 | 139,541 | 93,291 | 69,010 | |||
| Cash | 571 | 98,806 | 219,222 | 101,667 | 9,882 | 736 | 531 | 744 | 82,778 | 33,427 | 33,298 | 25,661 | 238,088 | 40,634 |
| misc current assets | ||||||||||||||
| total current assets | 3,300,284 | 2,510,170 | 2,107,417 | 1,837,689 | 1,480,986 | 1,326,222 | 1,140,031 | 585,090 | 1,690,011 | 2,069,486 | 1,459,820 | 1,174,223 | 919,190 | 559,093 |
| total assets | 3,530,958 | 2,513,587 | 2,111,907 | 1,845,136 | 1,487,153 | 1,336,146 | 1,154,757 | 606,839 | 1,716,417 | 2,099,647 | 1,477,102 | 1,188,462 | 932,618 | 576,264 |
| Bank overdraft | 32,592 | 33,440 | 64,543 | 105,761 | ||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 18,157 | 14,984 | 17,442 | 21,539 | 29,642 | 20,087 | 93,956 | 28,558 | 56,008 | 118,831 | 76,488 | 17,646 | 450,878 | 334,653 |
| Group/Directors Accounts | 2,583,580 | 1,721,869 | 1,369,155 | 927,374 | 677,874 | 268,374 | 2,964 | 886,383 | 583,512 | 247,457 | 447,089 | |||
| other short term finances | 414,104 | |||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 429,329 | 278,234 | 267,586 | 378,137 | 286,130 | 236,062 | 266,378 | 321,887 | 436,065 | 593,220 | 473,327 | |||
| total current liabilities | 3,031,066 | 2,015,087 | 1,654,183 | 1,327,050 | 993,646 | 830,714 | 631,832 | 362,443 | 1,264,278 | 1,138,408 | 1,022,926 | 938,062 | 450,878 | 334,653 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 64 | 1,382 | 405 | 312 | 1,600 | 3,100 | 3,503 | 4,389 | 1,441 | |||||
| total long term liabilities | 64 | 1,382 | 405 | 312 | 600 | 1,600 | 3,100 | 3,503 | 4,389 | 1,441 | ||||
| total liabilities | 3,031,130 | 2,016,469 | 1,654,588 | 1,327,050 | 993,958 | 831,314 | 633,432 | 365,543 | 1,267,781 | 1,142,797 | 1,024,367 | 938,062 | 450,878 | 334,653 |
| net assets | 499,828 | 497,118 | 457,319 | 518,086 | 493,195 | 504,832 | 521,325 | 241,296 | 448,636 | 956,850 | 452,735 | 250,400 | 481,740 | 241,611 |
| total shareholders funds | 499,828 | 497,118 | 457,319 | 518,086 | 493,195 | 504,832 | 521,325 | 241,296 | 448,636 | 956,850 | 452,735 | 250,400 | 481,740 | 241,611 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 509,640 | 805,485 | 639,103 | 531,968 | 683,239 | 579,836 | 244,226 | 588,559 | ||||||
| Depreciation | 2,610 | 2,649 | 3,058 | 3,474 | 3,573 | 4,767 | 6,560 | 7,646 | 8,730 | 9,287 | 9,004 | 3,527 | 5,075 | 12,723 |
| Amortisation | 152 | 249 | 348 | 267 | 184 | 1,340 | 1,707 | 2,430 | ||||||
| Tax | 1,491 | -95,203 | 815 | -38,917 | 8,547 | -75,676 | -36,326 | -69,649 | ||||||
| Stock | ||||||||||||||
| Debtors | 888,349 | 523,169 | 152,173 | 264,918 | 1,369,531 | -1,037,927 | 555,154 | -1,022,887 | -428,826 | 609,537 | 277,960 | 467,460 | 162,643 | 518,459 |
| Creditors | 3,173 | -2,458 | -4,097 | -8,103 | 9,555 | -73,869 | 65,398 | -27,450 | -62,823 | 42,343 | 58,842 | -433,232 | 116,225 | 334,653 |
| Accruals and Deferred Income | 151,095 | 10,648 | -110,551 | 92,007 | 286,130 | -236,062 | -30,316 | -55,509 | -114,178 | -157,155 | 119,893 | 473,327 | ||
| Deferred Taxes & Provisions | -1,318 | 977 | 405 | -312 | 312 | -1,600 | -1,500 | -403 | -886 | 2,948 | 1,441 | |||
| Cash flow from operations | -558,646 | 126,246 | 1,441,929 | 953,885 | -207,954 | 119,120 | 95,072 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -613 | 613 | ||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 861,711 | 352,714 | 441,781 | 249,500 | 677,874 | -268,374 | 265,410 | -883,419 | 302,871 | 336,055 | -199,632 | 447,089 | ||
| Other Short Term Loans | -414,104 | 414,104 | ||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -2,888 | -884 | -391 | -45 | -5,565 | -250 | ||||||||
| cash flow from financing | 260,882 | 264,526 | -883,810 | 302,871 | 336,010 | -205,197 | 446,839 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | -98,235 | -120,416 | 117,555 | 91,785 | 9,146 | 205 | -213 | -82,034 | 49,351 | 129 | 7,637 | -212,427 | 197,454 | 40,634 |
| overdraft | -32,592 | -848 | -31,103 | 64,543 | -105,761 | 105,761 | ||||||||
| change in cash | -98,235 | -120,416 | 117,555 | 91,785 | 41,738 | 1,053 | 30,890 | -146,577 | 49,351 | 105,890 | -98,124 | -212,427 | 197,454 | 40,634 |
choices homecare (merseyside) limited Credit Report and Business Information
Choices Homecare (merseyside) Limited Competitor Analysis
Perform a competitor analysis for choices homecare (merseyside) limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in S75 area or any other competitors across 12 key performance metrics.
choices homecare (merseyside) limited Ownership
CHOICES HOMECARE (MERSEYSIDE) LIMITED group structure
Choices Homecare (Merseyside) Limited has no subsidiary companies.
Ultimate parent company
2 parents
CHOICES HOMECARE (MERSEYSIDE) LIMITED
04398218
choices homecare (merseyside) limited directors
Choices Homecare (Merseyside) Limited currently has 4 directors. The longest serving directors include Mr Mark Hales (Jul 2010) and Mr Richard Walker (Jul 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Hales | 55 years | Jul 2010 | - | Director | |
| Mr Richard Walker | United Kingdom | 51 years | Jul 2010 | - | Director |
| Mrs Ceri Bate | United Kingdom | 47 years | Jul 2021 | - | Director |
| Mr Benjamin Hales | England | 24 years | Jul 2023 | - | Director |
P&L
July 2023turnover
2.4m
+20%
operating profit
1.1k
0%
gross margin
36.1%
+18.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
499.8k
+0.01%
total assets
3.5m
+0.4%
cash
571
-0.99%
net assets
Total assets minus all liabilities
Similar Companies
choices homecare (merseyside) limited company details
company number
04398218
Type
Private limited with Share Capital
industry
88100 - Social work activities without accommodation for the elderly and disabled
incorporation date
March 2002
age
23
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
July 2023
previous names
warrencare limited (June 2024)
accountant
TC GROUP
auditor
-
address
1st floor, maple house, maple es, 1st floor maple house, maple est, barnsley, south yorkshire, S75 2BL
Bank
SANTANDER
Legal Advisor
-
choices homecare (merseyside) 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 5 charges/mortgages relating to choices homecare (merseyside) limited. Currently there are 2 open charges and 3 have been satisfied in the past.
choices homecare (merseyside) 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.
Click to start generating capital raising & share issue transactions for CHOICES HOMECARE (MERSEYSIDE) LIMITED. This can take several minutes, an email will notify you when this has completed.
choices homecare (merseyside) limited Companies House Filings - See Documents
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