future home care ltd.
future home care ltd. Company Information
Company Number
04829670
Website
www.futurehomecare.co.ukRegistered Address
no. 2 the square, birchwood boulevard, warrington, WA3 7QY
Industry
Social work activities without accommodation for the elderly and disabled
Other social work activities without accommodation n.e.c.
Telephone
01213868040
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
lifeways finance ltd 100%
future home care ltd. Estimated Valuation
Pomanda estimates the enterprise value of FUTURE HOME CARE LTD. at £13.5m based on a Turnover of £23.5m and 0.57x industry multiple (adjusted for size and gross margin).
future home care ltd. Estimated Valuation
Pomanda estimates the enterprise value of FUTURE HOME CARE LTD. at £4m based on an EBITDA of £755.1k and a 5.35x industry multiple (adjusted for size and gross margin).
future home care ltd. Estimated Valuation
Pomanda estimates the enterprise value of FUTURE HOME CARE LTD. at £7.8m based on Net Assets of £2.5m and 3.19x industry multiple (adjusted for liquidity).
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Future Home Care Ltd. AI Business Plan
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Future Home Care Ltd. Overview
Future Home Care Ltd. is a live company located in warrington, WA3 7QY with a Companies House number of 04829670. It operates in the social work activities without accommodation for the elderly and disabled sector, SIC Code 88100. Founded in July 2003, it's largest shareholder is lifeways finance ltd with a 100% stake. Future Home Care Ltd. is a mature, large sized company, Pomanda has estimated its turnover at £23.5m with high growth in recent years.
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Future Home Care Ltd. Health Check
Pomanda's financial health check has awarded Future Home Care Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £23.5m, make it larger than the average company (£446k)
£23.5m - Future Home Care Ltd.
£446k - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (3.8%)
17% - Future Home Care Ltd.
3.8% - Industry AVG
Production
with a gross margin of 30.1%, this company has a higher cost of product (40%)
30.1% - Future Home Care Ltd.
40% - Industry AVG
Profitability
an operating margin of 3.2% make it as profitable than the average company (3.5%)
3.2% - Future Home Care Ltd.
3.5% - Industry AVG
Employees
with 464 employees, this is above the industry average (14)
464 - Future Home Care Ltd.
14 - Industry AVG
Pay Structure
on an average salary of £35.7k, the company has a higher pay structure (£21.1k)
£35.7k - Future Home Care Ltd.
£21.1k - Industry AVG
Efficiency
resulting in sales per employee of £50.7k, this is more efficient (£34.1k)
£50.7k - Future Home Care Ltd.
£34.1k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is near the average (18 days)
21 days - Future Home Care Ltd.
18 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (7 days)
0 days - Future Home Care Ltd.
7 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Future Home Care Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is less cash available to meet short term requirements (236 weeks)
20 weeks - Future Home Care Ltd.
236 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.9%, this is a higher level of debt than the average (12.7%)
23.9% - Future Home Care Ltd.
12.7% - Industry AVG
future home care ltd. Credit Report and Business Information
Future Home Care Ltd. Competitor Analysis
Perform a competitor analysis for future home care ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
future home care ltd. Ownership
FUTURE HOME CARE LTD. group structure
Future Home Care Ltd. has no subsidiary companies.
Ultimate parent company
VITA BIDCO LTD
#0152717
2 parents
FUTURE HOME CARE LTD.
04829670
future home care ltd. directors
Future Home Care Ltd. currently has 5 directors. The longest serving directors include Mr Mark Beadle (Aug 2022) and Mr Mark Beadle (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Beadle | Jersey | 57 years | Aug 2022 | - | Director |
| Mr Mark Beadle | 57 years | Aug 2022 | - | Director | |
| Ms Andrea Kinkade | England | 54 years | Aug 2022 | - | Director |
| Mr Fraser Pearce | Jersey | 55 years | Aug 2022 | - | Director |
| Mr Kieron Steele | Jersey | 36 years | Mar 2023 | - | Director |
FUTURE HOME CARE LTD. financials
Future Home Care Ltd.'s latest turnover from February 2023 is £23.5 million and the company has net assets of £2.5 million. According to their latest financial statements, Future Home Care Ltd. has 464 employees and maintains cash reserves of £298 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,502,540 | 15,099,407 | 14,535,022 | 14,366,967 | 13,739,629 | 14,423,402 | 15,903,299 | 18,836,851 | 27,232,965 | 17,872,101 | 16,773,125 | 15,263,794 | 11,083,963 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 16,419,208 | 10,925,858 | 10,451,027 | 10,526,551 | 10,477,520 | 10,448,932 | 11,118,839 | 13,367,405 | 19,402,483 | 11,913,899 | 11,420,512 | 10,637,687 | 7,959,624 |
| Gross Profit | 7,083,332 | 4,173,549 | 4,083,995 | 3,840,416 | 3,262,109 | 3,974,470 | 4,784,460 | 5,469,446 | 7,830,482 | 5,958,202 | 5,352,613 | 4,626,107 | 3,124,339 |
| Admin Expenses | 6,339,506 | 4,737,784 | 3,684,637 | 12,351,077 | 2,082,739 | 2,344,628 | 3,313,336 | 2,967,108 | 5,955,918 | 5,088,250 | 5,108,706 | 3,936,054 | 2,809,005 |
| Operating Profit | 743,826 | -564,235 | 399,358 | -8,510,661 | 1,179,370 | 1,629,842 | 1,471,124 | 2,502,338 | 1,874,564 | 869,952 | 243,907 | 690,053 | 315,334 |
| Interest Payable | 0 | 5,919 | 5,002 | 4,582 | 3,801 | 9,949 | 42,456 | 3,031 | 318,798 | 84,716 | 24,479 | 24,974 | 23,719 |
| Interest Receivable | 0 | 0 | 0 | 539,723 | 458,269 | 39,940 | 351,924 | 173,494 | 161,602 | 9,007 | 14,868 | 6,069 | 622 |
| Pre-Tax Profit | 743,826 | -570,154 | 394,356 | -7,975,520 | 1,633,838 | 1,650,833 | 1,797,592 | 2,733,801 | 1,907,368 | 794,243 | 234,296 | 671,148 | 292,237 |
| Tax | -285,396 | -33,854 | 16,122 | 11,311 | 49 | -6,510 | -20,346 | -6,959 | -445,754 | -205,620 | -68,807 | -201,038 | -77,178 |
| Profit After Tax | 458,430 | -604,008 | 410,478 | -7,964,209 | 1,633,887 | 1,644,323 | 1,777,246 | 2,726,842 | 1,461,614 | 588,623 | 165,489 | 470,110 | 215,059 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 440,000 | 300,000 | 0 | 0 |
| Retained Profit | 458,430 | -604,008 | 410,478 | -7,964,209 | 1,633,887 | 1,644,323 | 1,777,246 | 2,726,842 | 1,461,614 | 148,623 | -134,511 | 470,110 | 215,059 |
| Employee Costs | 16,558,206 | 11,468,701 | 10,969,889 | 10,488,807 | 10,863,319 | 10,540,453 | 11,753,772 | 14,429,475 | 21,782,737 | 15,049,896 | 14,540,383 | 12,911,212 | 9,150,980 |
| Number Of Employees | 464 | 522 | 550 | 560 | 559 | 599 | 670 | 518 | 618 | 890 | 812 | 707 | 493 |
| EBITDA* | 755,091 | -556,206 | 412,449 | -8,497,200 | 1,274,546 | 1,725,019 | 1,570,100 | 2,628,481 | 1,958,713 | 917,958 | 312,499 | 764,242 | 373,615 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 34,588 | 18,414 | 20,263 | 13,984 | 27,445 | 77,072 | 167,700 | 180,898 | 53,205 | 983,227 | 715,415 | 738,153 | 754,460 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 950,000 | 37,000 | 0 | 48,000 | 194,258 | 370,000 | 0 | 402,000 | 780,200 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 131,198 | 131,198 | 131,198 | 131,198 |
| Total Fixed Assets | 984,588 | 55,414 | 20,263 | 61,984 | 221,703 | 447,072 | 167,700 | 582,898 | 833,405 | 1,114,425 | 846,613 | 869,351 | 885,658 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,406,421 | 874,877 | 2,210,883 | 1,373,137 | 1,289,196 | 1,773,226 | 942,973 | 1,441,326 | 1,181,298 | 1,369,277 | 881,167 | 880,611 | 751,564 |
| Group Debtors | 0 | 0 | 0 | 0 | 7,985,121 | 6,963,662 | 6,695,139 | 4,862,104 | 806,211 | 0 | 0 | 0 | 0 |
| Misc Debtors | 536,850 | 824,953 | 705,854 | 938,745 | 1,282,219 | 1,065,839 | 651,637 | 941,911 | 961,156 | 872,321 | 1,208,876 | 699,723 | 592,011 |
| Cash | 298,037 | 431,494 | 4,715 | 151,612 | 66,238 | 16,731 | 28,922 | 146,539 | 1,098,584 | 249,671 | 227,385 | 411,747 | 118,965 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,241,308 | 2,131,324 | 2,921,452 | 2,463,494 | 10,622,774 | 9,819,458 | 8,318,671 | 7,391,880 | 4,047,249 | 2,491,269 | 2,317,428 | 1,992,081 | 1,462,540 |
| total assets | 3,225,896 | 2,186,738 | 2,941,715 | 2,525,478 | 10,844,477 | 10,266,530 | 8,486,371 | 7,974,778 | 4,880,654 | 3,605,694 | 3,164,041 | 2,861,432 | 2,348,198 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 147,836 | 123,707 | 65 | 178,366 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,554 | 35,423 | 34,388 |
| Trade Creditors | 3,636 | 21,382 | 354 | 6,947 | 19,998 | 61,179 | 88,511 | 113,803 | 135,175 | 151,172 | 171,323 | 91,191 | 196,353 |
| Group/Directors Accounts | 143,656 | 129,438 | 112,247 | 71,014 | 48,913 | 4,279 | 3,817 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 | 11,867 | 24,302 | 24,662 | 19,229 |
| other current liabilities | 604,336 | 343,189 | 272,142 | 284,942 | 508,286 | 1,374,826 | 1,397,964 | 2,233,311 | 1,466,810 | 1,711,612 | 1,539,565 | 1,266,170 | 922,032 |
| total current liabilities | 751,628 | 494,009 | 384,743 | 362,903 | 577,197 | 1,440,284 | 1,490,292 | 2,347,114 | 1,601,985 | 2,022,487 | 1,895,451 | 1,417,511 | 1,350,368 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 556,633 | 366,196 | 398,763 | 430,484 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,597 | 20,935 | 13,886 |
| Accruals and Deferred Income | 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 |
| provisions | 19,449 | 24,840 | 34,840 | 38,416 | 52,048 | 96,331 | 136,648 | 242,179 | 0 | 519 | 11,365 | 12,280 | 11,627 |
| total long term liabilities | 19,449 | 24,840 | 171,840 | 38,416 | 52,048 | 96,331 | 580,648 | 242,179 | 0 | 557,152 | 391,158 | 431,978 | 455,997 |
| total liabilities | 771,077 | 518,849 | 556,583 | 401,319 | 629,245 | 1,536,615 | 2,070,940 | 2,589,293 | 1,601,985 | 2,579,639 | 2,286,609 | 1,849,489 | 1,806,365 |
| net assets | 2,454,819 | 1,667,889 | 2,385,132 | 2,124,159 | 10,215,232 | 8,729,915 | 6,415,431 | 5,385,485 | 3,278,669 | 1,026,055 | 877,432 | 1,011,943 | 541,833 |
| total shareholders funds | 2,454,819 | 1,667,889 | 2,385,132 | 2,124,159 | 10,215,232 | 8,729,915 | 6,415,431 | 5,385,485 | 3,278,669 | 1,026,055 | 877,432 | 1,011,943 | 541,833 |
| Feb 2023 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 743,826 | -564,235 | 399,358 | -8,510,661 | 1,179,370 | 1,629,842 | 1,471,124 | 2,502,338 | 1,874,564 | 869,952 | 243,907 | 690,053 | 315,334 |
| Depreciation | 11,265 | 8,029 | 13,091 | 13,461 | 95,176 | 95,177 | 98,976 | 126,143 | 84,149 | 48,006 | 68,592 | 74,189 | 58,281 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -285,396 | -33,854 | 16,122 | 11,311 | 49 | -6,510 | -20,346 | -6,959 | -445,754 | -205,620 | -68,807 | -201,038 | -77,178 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,943,271 | -1,216,907 | 604,855 | -8,244,654 | 753,809 | 1,512,978 | 1,044,408 | 4,296,676 | 575,869 | 151,555 | 509,709 | 236,759 | 1,474,773 |
| Creditors | 3,636 | 21,028 | -6,593 | -13,051 | -41,181 | -27,332 | -25,292 | -21,372 | -15,997 | -20,151 | 80,132 | -105,162 | 196,353 |
| Accruals and Deferred Income | 604,336 | 71,047 | -12,800 | -223,344 | -866,540 | -23,138 | -835,347 | 766,501 | -244,802 | 172,047 | 273,395 | 344,138 | 922,032 |
| Deferred Taxes & Provisions | 19,449 | -10,000 | -3,576 | -13,632 | -44,283 | -40,317 | -105,531 | 242,179 | -519 | -10,846 | -915 | 653 | 11,627 |
| Cash flow from operations | -846,155 | 708,922 | -199,253 | -491,262 | -431,218 | 114,744 | -460,824 | -687,846 | 675,772 | 701,833 | 86,595 | 566,074 | -48,324 |
| Investing Activities | |||||||||||||
| capital expenditure | -315,818 | -45,854 | -57,882 | -72,669 | |||||||||
| Change in Investments | 950,000 | 37,000 | -48,000 | -146,258 | -175,742 | 370,000 | -402,000 | -378,200 | 780,200 | 0 | 0 | 0 | 0 |
| cash flow from investments | -315,818 | -45,854 | -57,882 | -72,669 | |||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,554 | 1,131 | 1,035 | 34,388 |
| Group/Directors Accounts | 143,656 | 17,191 | 41,233 | 22,101 | 44,634 | 462 | 3,817 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -556,633 | 190,437 | -32,567 | -31,721 | 430,484 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,867 | -26,032 | -7,698 | 12,482 | 33,115 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 0 | -5,919 | -5,002 | 535,141 | 454,468 | 29,991 | 309,468 | 170,463 | -157,196 | -75,709 | -9,611 | -18,905 | -23,097 |
| cash flow from financing | 2,140,045 | -101,963 | -113,274 | 430,378 | 350,532 | 700,614 | -434,015 | -449,563 | 65,304 | 52,142 | -48,745 | -37,109 | 801,664 |
| cash and cash equivalents | |||||||||||||
| cash | 298,037 | 426,779 | -146,897 | 85,374 | 49,507 | -12,191 | -117,617 | -952,045 | 848,913 | 22,286 | -184,362 | 292,782 | 118,965 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -147,836 | 24,129 | 123,642 | -178,301 | 178,366 |
| change in cash | 298,037 | 426,779 | -146,897 | 85,374 | 49,507 | -12,191 | -117,617 | -952,045 | 996,749 | -1,843 | -308,004 | 471,083 | -59,401 |
P&L
February 2023turnover
23.5m
0%
operating profit
743.8k
0%
gross margin
30.2%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
2.5m
0%
total assets
3.2m
0%
cash
298k
0%
net assets
Total assets minus all liabilities
Similar Companies
future home care ltd. company details
company number
04829670
Type
Private limited with Share Capital
industry
88100 - Social work activities without accommodation for the elderly and disabled
88990 - Other social work activities without accommodation n.e.c.
incorporation date
July 2003
age
21
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
future home care & employment agency ltd. (January 2005)
phoenix park estates limited (March 2004)
incorporated
UK
address
no. 2 the square, birchwood boulevard, warrington, WA3 7QY
last accounts submitted
February 2023
future home care ltd. 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 16 charges/mortgages relating to future home care ltd.. Currently there are 7 open charges and 9 have been satisfied in the past.
future home care ltd. Companies House Filings - See Documents
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