Midshires Healthcare Limited

POWER SEARCH PRICING

SOLUTIONS

midshires healthcare limited Company Information

Live

MatureSmallHealthy

Company Number

05086447

Website

Registered Address

floor 2 9 portland street, manchester, M1 3BE

Industry

Residential nursing care activities

Telephone

01773528080

Next Accounts Due

December 2024

Group Structure

View All

Directors

David Irandoust13 Years

Shareholders

mid east properties ltd 100%

midshires healthcare limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of MIDSHIRES HEALTHCARE LIMITED at £1.2m based on a Turnover of £1.3m and 0.88x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Midshires Healthcare Limited is a live company located in manchester, M1 3BE with a Companies House number of 05086447. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in March 2004, it's largest shareholder is mid east properties ltd with a 100% stake. Midshires Healthcare Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Midshires Healthcare Limited 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

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£4.4m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.1%)

EXPORT

Midshires Healthcare Limited's latest turnover from March 2023 is estimated at £1.3 million and the company has net assets of £1.2 million. According to their latest financial statements, Midshires Healthcare Limited has 46 employees and maintains cash reserves of £80.4 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	1,333,413	1,430,831	922,485	1,086,357	865,053	1,182,653	1,083,513	1,094,903	1,228,280	1,177,035	1,216,135	1,127,788	991,388	901,647
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	860,060	936,769	601,890	710,003	564,630	755,296	692,113	696,925	775,952	734,572	749,132	690,847	607,098	549,097
Gross Profit	473,354	494,062	320,595	376,354	300,423	427,357	391,400	397,978	452,328	442,463	467,003	436,941	384,290	352,550
Admin Expenses	426,255	-337	-89,405	295,546	319,961	430,172	408,271	413,335	394,021	310,048	203,865	-103,511	254,895	325,710
Operating Profit	47,099	494,399	410,000	80,808	-19,538	-2,815	-16,871	-15,357	58,307	132,415	263,138	540,452	129,395	26,840
Interest Payable	0	0	5,258	5,258	0	0	0	0	17,651	2,306	0	0	0	0
Interest Receivable	2,170	1,319	167	30	799	509	133	152	230	1,351	1,378	672	323	179
Pre-Tax Profit	49,269	495,719	404,909	75,580	-18,739	-2,306	-16,738	-15,205	40,886	131,460	264,516	541,124	129,718	27,019
Tax	-9,361	-94,187	-76,933	-14,360	0	0	0	12,234	-12,262	-26,880	-12,367	0	-68	0
Profit After Tax	39,908	401,532	327,976	61,220	-18,739	-2,306	-16,738	-2,971	28,624	104,580	252,149	541,124	129,650	27,019
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	39,908	401,532	327,976	61,220	-18,739	-2,306	-16,738	-2,971	28,624	104,580	252,149	541,124	129,650	27,019
Employee Costs	1,006,561	927,263	835,760	896,914	823,296	702,403	744,528	708,502	784,238	570,790	501,400	570,976	559,935	480,403
Number Of Employees	46	45	42	47	46	41	46	46	47	46	48	45	39	36
EBITDA*	52,288	499,510	416,647	89,481	-8,223	12,646	-9,683	-4,048	62,702	137,286	270,094	546,339	135,208	33,408

* 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	31,378	19,358	24,469	31,116	39,469	48,031	28,854	33,928	40,165	31,428	29,329	30,527	29,414	33,094
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	730,343	807,105	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	761,721	826,463	24,469	31,116	39,469	48,031	28,854	33,928	40,165	31,428	29,329	30,527	29,414	33,094
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	30,130	82,994	25,575	17,162	3	76,968	0	27,305	39,080	44,242	32,839	72,871	18,254	85,751
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	95,900	95,900
Misc Debtors	1,578,867	2,283,409	2,220,527	2,152,752	1,618,355	1,130,651	1,197,920	1,173,426	1,033,091	878,201	266,445	191,644	198,243	126,984
Cash	80,392	21,741	330,032	3,501	56,044	157,052	46,740	59,506	93,747	94,288	703,687	506,710	296,070	83,483
misc current assets	0	0	0	5,533	0	0	11,975	0	0	0	0	0	0	0
total current assets	1,689,389	2,388,144	2,576,134	2,178,948	1,674,402	1,364,671	1,256,635	1,260,237	1,165,918	1,016,731	1,002,971	771,225	608,467	392,118
total assets	2,451,110	3,214,607	2,600,603	2,210,064	1,713,871	1,412,702	1,285,489	1,294,165	1,206,083	1,048,159	1,032,300	801,752	637,881	425,212
Bank overdraft	0	0	0	172,384	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	108,812	26,638	8,752	0	58,430	22,504	27,377	43,906	36,586	25,503	4,826	20,048	15,961	20,559
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	1,109,191	1,998,736	1,803,380	1,575,922	1,253,316	972,666	832,773	817,850	734,117	615,900	725,298	731,677	1,113,017	1,025,400
total current liabilities	1,218,003	2,025,374	1,812,132	1,748,306	1,311,746	995,170	860,150	861,756	770,703	641,403	730,124	751,725	1,128,978	1,045,959
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	5,501	0	0	0	0	0	0	0
provisions	7,845	3,879	4,649	5,912	7,499	4,167	4,167	0	0	0	0	0	0	0
total long term liabilities	7,845	3,879	4,649	5,912	7,499	4,167	9,668	0	0	0	0	0	0	0
total liabilities	1,225,848	2,029,253	1,816,781	1,754,218	1,319,245	999,337	869,818	861,756	770,703	641,403	730,124	751,725	1,128,978	1,045,959
net assets	1,225,262	1,185,354	783,822	455,846	394,626	413,365	415,671	432,409	435,380	406,756	302,176	50,027	-491,097	-620,747
total shareholders funds	1,225,262	1,185,354	783,822	455,846	394,626	413,365	415,671	432,409	435,380	406,756	302,176	50,027	-491,097	-620,747

	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	47,099	494,399	410,000	80,808	-19,538	-2,815	-16,871	-15,357	58,307	132,415	263,138	540,452	129,395	26,840
Depreciation	5,189	5,111	6,647	8,673	11,315	15,461	7,188	11,309	4,395	4,871	6,956	5,887	5,813	6,568
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,361	-94,187	-76,933	-14,360	0	0	0	12,234	-12,262	-26,880	-12,367	0	-68	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-834,168	927,406	76,188	551,556	410,739	9,699	-2,811	128,560	149,728	623,159	34,769	-47,882	3,762	308,635
Creditors	82,174	17,886	8,752	-58,430	35,926	-4,873	-16,529	7,320	11,083	20,677	-15,222	4,087	-4,598	20,559
Accruals and Deferred Income	-889,545	195,356	227,458	322,606	280,650	139,893	14,923	83,733	118,217	-109,398	-6,379	-381,340	87,617	1,025,400
Deferred Taxes & Provisions	3,966	-770	-1,263	-1,587	3,332	0	4,167	0	0	0	0	0	0	0
Cash flow from operations	73,690	-309,611	498,473	-213,846	-99,054	137,967	-4,311	-29,321	30,012	-601,474	201,357	216,968	214,397	770,732
Investing Activities
capital expenditure	-17,209	0	0	-320	-2,753	-34,638	-2,114	-5,072	-13,132	-6,970	-5,758	-7,000	-2,133	-39,662
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-17,209	0	0	-320	-2,753	-34,638	-2,114	-5,072	-13,132	-6,970	-5,758	-7,000	-2,133	-39,662
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	0	0	0	0	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	0	0	0	0	0	-5,501	5,501	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	-647,766
interest	2,170	1,319	-5,091	-5,228	799	509	133	152	-17,421	-955	1,378	672	323	179
cash flow from financing	2,170	1,319	-5,091	-5,228	799	-4,992	5,634	152	-17,421	-955	1,378	672	323	-647,587
cash and cash equivalents
cash	58,651	-308,291	326,531	-52,543	-101,008	110,312	-12,766	-34,241	-541	-609,399	196,977	210,640	212,587	83,483
overdraft	0	0	-172,384	172,384	0	0	0	0	0	0	0	0	0	0
change in cash	58,651	-308,291	498,915	-224,927	-101,008	110,312	-12,766	-34,241	-541	-609,399	196,977	210,640	212,587	83,483

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for midshires healthcare limited. Get real-time insights into midshires healthcare limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for midshires healthcare limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in M 1 area or any other competitors across 12 key performance metrics.

MIDSHIRES HEALTHCARE LIMITED group structure

Midshires Healthcare Limited has no subsidiary companies.

Ultimate parent company

MIDEAST PROPERTIES LTD

#0060889

1 parent

MIDSHIRES HEALTHCARE LIMITED

05086447

MIDSHIRES HEALTHCARE LIMITED Shareholders

mid east properties ltd

100%

Midshires Healthcare Limited currently has 1 director, Dr David Irandoust serving since Jan 2011.

officer	country	age	start	end	role
Dr David Irandoust	England	64 years	Jan 2011	-	Director

P&L

March 2023

turnover

1.3m

-7%

operating profit

47.1k

gross margin

35.5%

+2.81%

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

+0.03%

total assets

2.5m

-0.24%

cash

80.4k

+2.7%

net assets

Total assets minus all liabilities

Similar Companies

ace social care ltd

1.5

macclesfield orthopaedic & trauma clinic limited

sagan and sarah ltd

2.5

mohosho ltd

rtkf limited

3.5

company number

05086447

Type

Private limited with Share Capital

industry

87100 - Residential nursing care activities

incorporation date

March 2004

accounts

Total Exemption Full

ultimate parent company

MIDEAST PROPERTIES LTD

previous names

N/A

last accounts submitted

March 2023

address

floor 2 9 portland street, manchester, M1 3BE

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 2 charges/mortgages relating to midshires healthcare limited. Currently there are 2 open charges and 0 have been satisfied in the past.

midshires healthcare limited Company Information

midshires healthcare limited Estimated Valuation

midshires healthcare limited Estimated Valuation

midshires healthcare limited Estimated Valuation

Midshires Healthcare Limited Overview

Midshires Healthcare Limited Health Check

MIDSHIRES HEALTHCARE LIMITED financials

midshires healthcare limited Credit Report and Business Information

Midshires Healthcare Limited Competitor Analysis

midshires healthcare limited Ownership

midshires healthcare limited directors

midshires healthcare limited company details

midshires healthcare limited Charges & Mortgages

midshires healthcare limited Companies House Filings - See Documents