Carewise Homes Limited

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carewise homes limited Company Information

Live

MatureMidHigh

Company Number

05070699

Website

Registered Address

220 the vale, london, NW11 8SR

Industry

Residential nursing care activities

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Ian Weissbraun20 Years

Oshi Weissbraun20 Years

Shareholders

rebecca weissbraun 25%

ian weissbraun 25%

View All

carewise homes limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of CAREWISE HOMES LIMITED at £4.8m based on a Turnover of £5m and 0.97x industry multiple (adjusted for size and gross margin).

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Carewise Homes Limited is a live company located in london, NW11 8SR with a Companies House number of 05070699. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in March 2004, it's largest shareholder is rebecca weissbraun with a 25% stake. Carewise Homes Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5m with high growth in recent years.

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

Health Rating5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £5m, make it in line with the average company (£4.3m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (5%)

EXPORT

Carewise Homes Limited's latest turnover from March 2023 is estimated at £5 million and the company has net assets of £1.2 million. According to their latest financial statements, Carewise Homes Limited has 29 employees and maintains cash reserves of £407.5 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	5,014,993	4,769,299	3,147,576	3,064,523	1,003,722	5,765,659	6,548,348	5,819,888	6,104,429	6,158,675	5,556,792	5,894,560	5,858,616	5,625,571
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,760,608	3,544,414	2,336,362	2,221,727	533,795	4,081,250	4,683,730	4,195,442	4,220,765	4,262,147	3,774,389	4,047,054	4,045,101	3,881,705
Gross Profit	1,254,385	1,224,885	811,214	842,796	469,927	1,684,408	1,864,618	1,624,446	1,883,664	1,896,528	1,782,403	1,847,506	1,813,515	1,743,867
Admin Expenses	1,393,547	1,076,525	643,582	637,261	295,448	1,598,305	1,818,068	1,621,670	1,778,166	1,757,747	1,698,547	1,704,943	1,718,388	1,419,162
Operating Profit	-139,162	148,360	167,632	205,535	174,479	86,103	46,550	2,776	105,498	138,781	83,856	142,563	95,127	324,705
Interest Payable	0	17,434	32,981	35,788	16,145	0	0	0	0	0	0	0	0	0
Interest Receivable	16,323	3,383	470	318	15,518	382	302	435	523	536	310	154	275	203
Pre-Tax Profit	-122,839	134,309	135,121	170,065	173,852	86,485	46,851	3,211	106,020	139,317	84,166	142,718	95,401	324,908
Tax	0	-25,519	-25,673	-32,312	-21,950	-16,432	-9,370	-642	-22,264	-32,043	-20,200	-37,107	-26,712	-90,974
Profit After Tax	-122,839	108,790	109,448	137,753	151,902	70,053	37,481	2,569	83,756	107,274	63,966	105,611	68,689	233,934
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-122,839	108,790	109,448	137,753	151,902	70,053	37,481	2,569	83,756	107,274	63,966	105,611	68,689	233,934
Employee Costs	633,919	576,459	537,148	534,220	483,159	2,758,216	3,124,790	2,811,137	2,924,496	2,947,400	2,690,839	2,827,939	2,835,657	2,745,516
Number Of Employees	29	28	27	28	27	161	193	182	199	202	185	197	196	188
EBITDA*	-117,889	167,255	196,801	236,493	174,479	86,103	71,423	21,099	147,869	179,361	121,954	178,531	129,490	353,705

* 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	937,560	916,160	893,932	910,025	850,823	879,049	841,893	833,011	833,435	833,900	825,657	818,453	755,224	540,502
Intangible Assets	0	0	0	0	0	0	0	0	0	24,000	48,000	72,000	96,000	120,000
Investments & Other	35,000	35,000	35,000	35,000	35,000	0	0	5,000	5,000	5,000	5,000	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	972,560	951,160	928,932	945,025	885,823	879,049	841,893	838,011	838,435	862,900	878,657	890,453	851,224	660,502
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	969,362	913,457	558,137	557,185	11,287	670,905	537,485	676,140	666,761	590,715	535,156	563,982	543,280	527,203
Group Debtors	0	0	0	0	453,910	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	182,100	0	0	0	0	0	0	0	0	0
Cash	407,466	360,659	541,407	398,304	237,826	0	152,917	88,364	85,688	123,344	90,867	33,185	28,461	81,377
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,376,828	1,274,116	1,099,544	955,489	885,123	670,905	690,402	764,504	752,449	714,059	626,023	597,167	571,741	608,580
total assets	2,349,388	2,225,276	2,028,476	1,900,514	1,770,946	1,549,954	1,532,295	1,602,515	1,590,884	1,576,959	1,504,680	1,487,620	1,422,965	1,269,082
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	769,997	476,755	339,469	272,755	159,539	125,779	0	65,828	16,694	47,276	43,684	54,169	60,581	83,565
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	77,572	0	0	0	0	0	0	0	0	0
total current liabilities	769,997	476,755	339,469	272,755	237,111	125,779	0	65,828	16,694	47,276	43,684	54,169	60,581	83,565
loans	0	0	516,570	564,770	608,599	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	421,003	467,294	0	0	0	650,842	828,915	870,788	910,860	950,109	988,696	1,025,117	1,059,661	951,483
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	421,003	467,294	516,570	564,770	608,599	650,842	828,915	870,788	910,860	950,109	988,696	1,025,117	1,059,661	951,483
total liabilities	1,191,000	944,049	856,039	837,525	845,710	776,621	828,915	936,616	927,554	997,385	1,032,380	1,079,286	1,120,242	1,035,048
net assets	1,158,388	1,281,227	1,172,437	1,062,989	925,236	773,333	703,380	665,899	663,330	579,574	472,300	408,334	302,723	234,034
total shareholders funds	1,158,388	1,281,227	1,172,437	1,062,989	925,236	773,333	703,380	665,899	663,330	579,574	472,300	408,334	302,723	234,034

	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	-139,162	148,360	167,632	205,535	174,479	86,103	46,550	2,776	105,498	138,781	83,856	142,563	95,127	324,705
Depreciation	21,273	18,895	29,169	30,958	0	0	24,873	18,323	18,371	16,580	14,098	11,968	10,363	5,000
Amortisation	0	0	0	0	0	0	0	0	24,000	24,000	24,000	24,000	24,000	24,000
Tax	0	-25,519	-25,673	-32,312	-21,950	-16,432	-9,370	-642	-22,264	-32,043	-20,200	-37,107	-26,712	-90,974
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	55,905	355,320	952	-90,112	-23,608	133,420	-138,655	9,379	76,046	55,559	-28,826	20,702	16,077	527,203
Creditors	293,242	137,286	66,714	113,216	33,760	125,779	-65,828	49,134	-30,582	3,592	-10,485	-6,412	-22,984	83,565
Accruals and Deferred Income	0	0	0	-77,572	77,572	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	119,448	-76,298	236,890	329,937	287,469	62,030	134,880	60,212	18,977	95,351	120,095	114,310	63,717	-180,907
Investing Activities
capital expenditure	-42,673	-41,123	-13,076	-90,160	28,226	-37,156	-33,755	-17,899	-17,906	-24,823	-21,302	-75,197	-225,085	-689,502
Change in Investments	0	0	0	0	35,000	0	-5,000	0	0	0	5,000	0	0	0
cash flow from investments	-42,673	-41,123	-13,076	-90,160	-6,774	-37,156	-28,755	-17,899	-17,906	-24,823	-26,302	-75,197	-225,085	-689,502
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-516,570	-48,200	-43,829	608,599	0	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
other long term liabilities	-46,291	467,294	0	0	-650,842	-178,073	-41,873	-40,072	-39,249	-38,587	-36,421	-34,544	108,178	951,483
share issue	0	0	0	0	1	-100	0	0	0	0	0	0	0	100
interest	16,323	-14,051	-32,511	-35,470	-627	382	302	435	523	536	310	154	275	203
cash flow from financing	-29,968	-63,327	-80,711	-79,299	-42,869	-177,791	-41,571	-39,637	-38,726	-38,051	-36,111	-34,390	108,453	951,786
cash and cash equivalents
cash	46,807	-180,748	143,103	160,478	237,826	-152,917	64,553	2,676	-37,656	32,477	57,682	4,724	-52,916	81,377
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	46,807	-180,748	143,103	160,478	237,826	-152,917	64,553	2,676	-37,656	32,477	57,682	4,724	-52,916	81,377

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CAREWISE HOMES LIMITED group structure

Carewise Homes Limited has no subsidiary companies.

Ultimate parent company

CAREWISE HOMES LIMITED

05070699

CAREWISE HOMES LIMITED Shareholders

rebecca weissbraun	25%
ian weissbraun	25%
dalia weissbraun	25%
oshi alan weissbraun	25%

Carewise Homes Limited currently has 2 directors. The longest serving directors include Mr Ian Weissbraun (Apr 2004) and Mr Oshi Weissbraun (Apr 2004).

officer	country	age	start	end	role
Mr Ian Weissbraun		47 years	Apr 2004	-	Director
Mr Oshi Weissbraun	England	45 years	Apr 2004	-	Director

P&L

March 2023

turnover

+5%

operating profit

-139.2k

gross margin

25.1%

-2.61%

turnover

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

Balance Sheet

March 2023

net assets

1.2m

-0.1%

total assets

2.3m

+0.06%

cash

407.5k

+0.13%

net assets

Total assets minus all liabilities

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company number

05070699

Type

Private limited with Share Capital

industry

87100 - Residential nursing care activities

incorporation date

March 2004

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

raincheck investments limited (June 2004)

incorporated

address

220 the vale, london, NW11 8SR

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 found 3 charges/mortgages relating to carewise homes limited. Currently there are 1 open charges and 2 have been satisfied in the past.

carewise homes limited Company Information

carewise homes limited Estimated Valuation

carewise homes limited Estimated Valuation

carewise homes limited Estimated Valuation

Carewise Homes Limited Overview

Carewise Homes Limited Health Check

CAREWISE HOMES LIMITED financials

carewise homes limited Credit Report and Business Information

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carewise homes limited Ownership

carewise homes limited directors

carewise homes limited company details

carewise homes limited Charges & Mortgages

carewise homes limited Companies House Filings - See Documents