cross healthcare limited
cross healthcare limited Company Information
Company Number
04795060
Next Accounts
78 days late
Shareholders
alexander douglas miller cruickshank
carmelo stamato
Group Structure
View All
Industry
Manufacture of basic pharmaceutical products
Registered Address
mazars 30 old bailey, london, EC4M 7AU
Website
www.crosshealthcare.co.ukcross healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of CROSS HEALTHCARE LIMITED at £34.9m based on a Turnover of £28.3m and 1.23x industry multiple (adjusted for size and gross margin).
cross healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of CROSS HEALTHCARE LIMITED at £2.4m based on an EBITDA of £468.5k and a 5.18x industry multiple (adjusted for size and gross margin).
cross healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of CROSS HEALTHCARE LIMITED at £1.3m based on Net Assets of £725.5k and 1.78x industry multiple (adjusted for liquidity).
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Cross Healthcare Limited Overview
Cross Healthcare Limited is a live company located in london, EC4M 7AU with a Companies House number of 04795060. It operates in the manufacture of basic pharmaceutical products sector, SIC Code 21100. Founded in June 2003, it's largest shareholder is alexander douglas miller cruickshank with a 50% stake. Cross Healthcare Limited is a mature, large sized company, Pomanda has estimated its turnover at £28.3m with low growth in recent years.
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Cross Healthcare Limited Health Check
Pomanda's financial health check has awarded Cross Healthcare Limited a 3 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 £28.3m, make it in line with the average company (£31m)
£28.3m - Cross Healthcare Limited
£31m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.8%)
3% - Cross Healthcare Limited
4.8% - Industry AVG
Production
with a gross margin of 5.1%, this company has a higher cost of product (37.2%)
5.1% - Cross Healthcare Limited
37.2% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (6.7%)
1% - Cross Healthcare Limited
6.7% - Industry AVG
Employees
with 60 employees, this is below the industry average (108)
60 - Cross Healthcare Limited
108 - Industry AVG
Pay Structure
on an average salary of £23k, the company has a lower pay structure (£60.4k)
£23k - Cross Healthcare Limited
£60.4k - Industry AVG
Efficiency
resulting in sales per employee of £471.6k, this is more efficient (£349.5k)
£471.6k - Cross Healthcare Limited
£349.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cross Healthcare Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is close to average (37 days)
40 days - Cross Healthcare Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is less than average (101 days)
30 days - Cross Healthcare Limited
101 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Cross Healthcare Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.9%, this is a higher level of debt than the average (46%)
92.9% - Cross Healthcare Limited
46% - Industry AVG
CROSS HEALTHCARE LIMITED financials
Cross Healthcare Limited's latest turnover from March 2023 is £28.3 million and the company has net assets of £725.5 thousand. According to their latest financial statements, Cross Healthcare Limited has 60 employees and maintains cash reserves of £56.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,293,523 | 19,238,647 | 29,559,774 | 25,819,558 | 22,624,193 | 20,017,651 | 18,174,118 | 24,972,643 | 17,362,168 | 18,427,872 | 18,189,606 | 21,053,119 | 18,568,101 | 12,312,366 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 26,863,131 | 18,290,928 | 28,208,193 | 24,472,200 | 21,829,034 | 18,865,190 | 16,965,492 | 22,812,539 | 16,096,393 | 17,021,639 | 17,171,083 | 19,208,775 | 16,464,462 | 10,523,235 |
| Gross Profit | 1,430,392 | 947,719 | 1,351,581 | 1,347,358 | 795,159 | 1,152,461 | 1,208,626 | 2,160,104 | 1,265,775 | 1,406,233 | 1,018,523 | 1,844,344 | 2,103,639 | 1,789,131 |
| Admin Expenses | 1,140,352 | 1,125,998 | 917,079 | 1,009,986 | -197,103 | 861,137 | 1,094,388 | 1,496,894 | 720,532 | 1,516,807 | 1,536,728 | 1,249,312 | 1,468,606 | 1,013,506 |
| Operating Profit | 290,040 | -178,279 | 434,502 | 337,372 | 992,262 | 291,324 | 114,238 | 663,210 | 545,243 | -110,574 | -518,205 | 595,032 | 635,033 | 775,625 |
| Interest Payable | 165,479 | 61,481 | 58,382 | 98,114 | 75,730 | 84,568 | 90,084 | 143,454 | 90,736 | 147,627 | 113,852 | 107,770 | 89,102 | 8,467 |
| Interest Receivable | 527 | 417 | 3,739 | 9 | 5 | 256 | 83 | 147 | 349 | |||||
| Pre-Tax Profit | 124,561 | -239,760 | -2,306,925 | 546,435 | 2,394,098 | 213,658 | 501,673 | 607,094 | 454,516 | -258,196 | -631,801 | 487,345 | 485,922 | 767,507 |
| Tax | -24,602 | 44,757 | 438,556 | -147,914 | -429,300 | -43,818 | -82,766 | -60,687 | -66,247 | 122,114 | -111,097 | -150,491 | -228,165 | |
| Profit After Tax | 99,959 | -195,003 | -1,868,369 | 398,521 | 1,964,798 | 169,840 | 418,907 | 546,407 | 388,269 | -258,196 | -509,687 | 376,248 | 335,431 | 539,342 |
| Dividends Paid | 140,000 | 1,000,000 | 356,763 | 108,000 | ||||||||||
| Retained Profit | -40,041 | -195,003 | -2,868,369 | 398,521 | 1,964,798 | 169,840 | 418,907 | 546,407 | 388,269 | -258,196 | -509,687 | 376,248 | -21,332 | 431,342 |
| Employee Costs | 1,381,479 | 1,468,120 | 1,356,077 | 1,386,619 | 1,232,651 | 1,175,565 | 1,301,340 | 1,713,220 | 1,065,179 | 1,512,425 | 1,432,782 | 1,381,757 | 1,221,373 | 726,265 |
| Number Of Employees | 60 | 62 | 56 | 51 | 38 | 41 | 49 | 51 | 39 | 43 | 61 | 56 | 62 | 46 |
| EBITDA* | 468,523 | -3,232 | 567,538 | 448,676 | 1,164,485 | 472,800 | 280,344 | 778,641 | 628,493 | -110,574 | -347,656 | 734,643 | 753,748 | 846,002 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 133,787 | 128,851 | 85,021 | 56,714 | 42,614 | 88,758 | 167,712 | 189,378 | 40,366 | 41,801 | 69,285 | 108,419 | 153,337 | 128,588 |
| Intangible Assets | 143,897 | 128,739 | 196,465 | 161,911 | 118,396 | 112,604 | 156,046 | 134,816 | 58,077 | 50,955 | 148,493 | 196,018 | 121,606 | 17,013 |
| Investments & Other | 220,010 | 220,010 | 220,010 | 2,903,055 | 2,595,879 | 1,118,313 | 1,111,938 | 634,836 | 609,685 | 281,141 | 281,140 | 320,677 | 146,135 | |
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 497,694 | 477,600 | 501,496 | 3,121,680 | 2,756,889 | 1,319,675 | 1,435,696 | 959,030 | 708,128 | 373,897 | 498,918 | 625,114 | 421,078 | 145,601 |
| Stock & work in progress | 2,279,952 | 1,892,507 | 1,204,402 | 415,832 | 342,933 | 398,988 | 673,191 | 475,867 | 224,441 | 370,784 | 361,813 | 889,927 | 576,148 | 1,319,829 |
| Trade Debtors | 5,054,211 | 4,887,022 | 3,322,124 | 3,959,842 | 4,697,058 | 3,270,056 | 2,749,767 | 1,745,844 | 3,380,534 | 1,880,957 | 2,615,309 | |||
| Group Debtors | 218,026 | 218,172 | 164,163 | 171,550 | 167,629 | 181,453 | 149,323 | 166,736 | 187,190 | 202,995 | 145,944 | |||
| Misc Debtors | 7,429,019 | 6,986,122 | 7,838,321 | 277,922 | 87,552 | 78,504 | 69,118 | 47,815 | 112,669 | 160,926 | 106,257 | 403,555 | 397,614 | 1,341,353 |
| Cash | 56,374 | 9,887 | 267,283 | 247,281 | 367,494 | 48,245 | 40,006 | 74,846 | 11,838 | 22,522 | 4,790 | 45,311 | 319,204 | 277,790 |
| misc current assets | ||||||||||||||
| total current assets | 9,765,345 | 8,888,516 | 9,310,006 | 6,213,272 | 5,903,173 | 4,012,024 | 4,913,707 | 5,463,215 | 3,800,457 | 3,453,322 | 2,385,440 | 4,906,517 | 3,376,918 | 5,700,225 |
| total assets | 10,263,039 | 9,366,116 | 9,811,502 | 9,334,952 | 8,660,062 | 5,331,699 | 6,349,403 | 6,422,245 | 4,508,585 | 3,827,219 | 2,884,358 | 5,531,631 | 3,797,996 | 5,845,826 |
| Bank overdraft | 389,412 | 902,339 | 511,727 | 205,871 | 190,294 | 328,141 | 388,139 | 322,818 | 734,274 | 881,537 | ||||
| Bank loan | 125,883 | 186,482 | 198,824 | 191,502 | ||||||||||
| Trade Creditors | 3,015,436 | 2,035,248 | 1,293,134 | 764,163 | 1,222,118 | 786,845 | 591,123 | 592,264 | 648,857 | 1,032,628 | 691,218 | 1,825,845 | 984,724 | 1,669,432 |
| Group/Directors Accounts | 25,482 | 85,894 | 119,697 | 120,767 | 147,051 | 136,959 | 558,095 | |||||||
| other short term finances | 3,420,656 | 3,449,214 | 3,749,139 | 2,931,614 | 2,231,108 | 1,056,805 | 2,528,611 | 1,115,003 | 871,559 | 1,923,100 | ||||
| hp & lease commitments | 32,583 | 23,130 | 511 | 8,346 | 24,017 | 29,761 | 24,615 | 1,975 | 1,974 | 28,667 | 29,139 | 6,139 | 12,389 | |
| other current liabilities | 2,934,822 | 2,965,287 | 3,802,653 | 1,271,963 | 895,110 | 809,873 | 1,075,858 | 4,448,569 | 3,003,847 | 2,203,810 | 1,154,265 | 286,056 | 821,162 | 947,037 |
| total current liabilities | 9,403,497 | 8,472,879 | 8,844,926 | 4,993,733 | 4,831,988 | 3,699,576 | 4,857,847 | 5,418,370 | 4,107,815 | 3,753,035 | 2,461,113 | 4,328,458 | 3,417,858 | 5,433,495 |
| loans | 56,953 | 56,953 | 125,955 | 208,575 | 408,498 | |||||||||
| hp & lease commitments | 53,539 | 50,676 | 700 | 13,847 | 37,964 | 52,596 | 4,114 | 6,089 | 14,333 | 43,000 | 6,139 | |||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 23,581 | 20,098 | 6,063 | 512,337 | 397,013 | 152,713 | 157,869 | 74,463 | 66,247 | 2,114 | 6,825 | 11,547 | ||
| total long term liabilities | 134,073 | 127,727 | 6,063 | 512,337 | 397,713 | 166,560 | 195,833 | 127,059 | 70,361 | 132,044 | 222,908 | 453,612 | 6,825 | 17,686 |
| total liabilities | 9,537,570 | 8,600,606 | 8,850,989 | 5,506,070 | 5,229,701 | 3,866,136 | 5,053,680 | 5,545,429 | 4,178,176 | 3,885,079 | 2,684,021 | 4,782,070 | 3,424,683 | 5,451,181 |
| net assets | 725,469 | 765,510 | 960,513 | 3,828,882 | 3,430,361 | 1,465,563 | 1,295,723 | 876,816 | 330,409 | -57,860 | 200,337 | 749,561 | 373,313 | 394,645 |
| total shareholders funds | 725,469 | 765,510 | 960,513 | 3,828,882 | 3,430,361 | 1,465,563 | 1,295,723 | 876,816 | 330,409 | -57,860 | 200,337 | 749,561 | 373,313 | 394,645 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 290,040 | -178,279 | 434,502 | 337,372 | 992,262 | 291,324 | 114,238 | 663,210 | 545,243 | -110,574 | -518,205 | 595,032 | 635,033 | 775,625 |
| Depreciation | 70,066 | 59,882 | 31,852 | 29,850 | 73,613 | 85,246 | 83,757 | 54,595 | 33,759 | 79,397 | 74,412 | 74,667 | 35,297 | |
| Amortisation | 108,417 | 115,165 | 101,184 | 81,454 | 98,610 | 96,230 | 82,349 | 60,836 | 49,491 | 91,152 | 65,199 | 44,048 | 35,080 | |
| Tax | -24,602 | 44,757 | 438,556 | -147,914 | -429,300 | -43,818 | -82,766 | -60,687 | -66,247 | 122,114 | -111,097 | -150,491 | -228,165 | |
| Stock | 387,445 | 688,105 | 788,570 | 72,899 | -56,055 | -274,203 | 197,324 | 251,426 | -146,343 | 370,784 | -528,114 | 313,779 | -743,681 | 1,319,829 |
| Debtors | 442,897 | -852,199 | 2,288,162 | 357,413 | 1,627,955 | -635,719 | -711,992 | 1,348,324 | 504,162 | 3,060,016 | -1,952,442 | 1,489,713 | -1,621,040 | 4,102,606 |
| Creditors | 980,188 | 742,114 | 528,971 | -457,955 | 435,273 | 195,722 | -1,141 | -56,593 | -383,771 | 1,032,628 | -1,134,627 | 841,121 | -684,708 | 1,669,432 |
| Accruals and Deferred Income | -30,465 | -837,366 | 2,530,690 | 376,853 | 85,237 | -265,985 | -3,372,711 | 1,444,722 | 800,037 | 2,203,810 | 868,209 | -535,106 | -125,875 | 947,037 |
| Deferred Taxes & Provisions | 3,483 | 14,035 | -506,274 | 115,324 | 244,300 | -5,156 | 83,406 | 8,216 | 66,247 | -2,114 | -4,711 | -4,722 | 11,547 | |
| Cash flow from operations | 566,785 | 124,402 | 482,749 | -95,328 | -71,905 | 1,263,485 | -2,578,200 | 514,549 | 686,940 | 1,986,482 | -878,642 | 2,152,673 | -2,176,582 | |
| Investing Activities | ||||||||||||||
| capital expenditure | -127,248 | -59,080 | -157,582 | -290,843 | -80,877 | -51,568 | -80,515 | -249,105 | -246,594 | -100,139 | ||||
| Change in Investments | -2,683,045 | 307,176 | 1,477,566 | 6,375 | 477,102 | 25,151 | 328,544 | 281,141 | -39,537 | 174,542 | 146,135 | |||
| cash flow from investments | 2,683,045 | -307,176 | -1,604,814 | -65,455 | -634,684 | -315,994 | -409,421 | -332,709 | -40,978 | -423,647 | -392,729 | -100,139 | ||
| Financing Activities | ||||||||||||||
| Bank loans | -125,883 | -60,599 | 186,482 | 7,322 | 191,502 | |||||||||
| Group/Directors Accounts | -25,482 | -60,412 | -33,803 | -1,070 | -26,284 | 10,092 | 136,959 | -558,095 | 558,095 | |||||
| Other Short Term Loans | -28,558 | -299,925 | 817,525 | 700,506 | 1,174,303 | -1,471,806 | 2,528,611 | -1,115,003 | 243,444 | -1,051,541 | 1,923,100 | |||
| Long term loans | 56,953 | -125,955 | 125,955 | -199,923 | 408,498 | |||||||||
| Hire Purchase and Lease Commitments | 12,316 | 73,806 | -511 | -8,535 | -28,818 | -29,861 | -9,486 | 71,122 | -1,974 | 8,063 | -29,139 | 66,000 | -12,389 | 18,528 |
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -165,479 | -61,481 | -58,382 | -98,114 | -75,730 | -84,041 | -89,667 | -139,715 | -90,727 | -147,622 | -113,596 | -107,687 | -88,955 | -8,118 |
| cash flow from financing | -181,721 | -230,647 | 733,150 | 533,445 | 1,035,952 | -1,586,778 | 2,403,174 | -184,384 | -142,296 | 373,214 | -2,047,971 | 1,359,852 | -1,152,885 | 1,896,813 |
| cash and cash equivalents | ||||||||||||||
| cash | 46,487 | -257,396 | 20,002 | -120,213 | 319,249 | 8,239 | -34,840 | 63,008 | -10,684 | 22,522 | -40,521 | -273,893 | 41,414 | 277,790 |
| overdraft | -389,412 | -512,927 | 390,612 | 305,856 | 15,577 | -137,847 | 328,141 | 65,321 | -411,456 | -147,263 | 881,537 | |||
| change in cash | 46,487 | -257,396 | 20,002 | 269,199 | 832,176 | -382,373 | -340,696 | 47,431 | 127,163 | -305,619 | -105,842 | 137,563 | 188,677 | -603,747 |
cross healthcare limited Credit Report and Business Information
Cross Healthcare Limited Competitor Analysis
Perform a competitor analysis for cross healthcare limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in EC4M area or any other competitors across 12 key performance metrics.
cross healthcare limited Ownership
CROSS HEALTHCARE LIMITED group structure
Cross Healthcare Limited has no subsidiary companies.
Ultimate parent company
CROSS HEALTHCARE LIMITED
04795060
cross healthcare limited directors
Cross Healthcare Limited currently has 2 directors. The longest serving directors include Mr Alexander Cruickshank (Jul 2003) and Mr Carmelo Stamato (Feb 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Cruickshank | Scotland | 50 years | Jul 2003 | - | Director |
| Mr Carmelo Stamato | 53 years | Feb 2010 | - | Director |
P&L
March 2023turnover
28.3m
+47%
operating profit
290k
-263%
gross margin
5.1%
+2.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
725.5k
-0.05%
total assets
10.3m
+0.1%
cash
56.4k
+4.7%
net assets
Total assets minus all liabilities
cross healthcare limited company details
company number
04795060
Type
Private limited with Share Capital
industry
21100 - Manufacture of basic pharmaceutical products
incorporation date
June 2003
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
AAB
address
mazars 30 old bailey, london, EC4M 7AU
Bank
ROYAL BANK OF SCOTLAND(IOM)LTD
Legal Advisor
ABERDEIN CONSIDINE
cross healthcare 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 6 charges/mortgages relating to cross healthcare limited. Currently there are 4 open charges and 2 have been satisfied in the past.
cross healthcare 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.
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cross healthcare limited Companies House Filings - See Documents
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