Adept Care Homes Limited

POWER SEARCH PRICING

SOLUTIONS

adept care homes limited Company Information

Company Number

05320657

Next Accounts

Nov 2025

Directors

David Lock

Emma Philpott

View All

Shareholders

david nigel lock

the david lock family trust 2022

Group Structure

View All

Industry

Activities of head offices

Registered Address

homes support centre, 1 lutterworth road, hinckley, leicestershire, LE10 2DJ

Website

www.adeptcarehomes.co.uk

adept care homes limited Estimated Valuation

£102.3m

Pomanda estimates the enterprise value of ADEPT CARE HOMES LIMITED at £102.3m based on Net Assets of £48.6m and 2.11x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Adept Care Homes Limited is a live company located in hinckley, LE10 2DJ with a Companies House number of 05320657. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 2004, it's largest shareholder is david nigel lock with a 51% stake. Adept Care Homes Limited is a mature, large sized company, Pomanda has estimated its turnover at £26.9m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Adept Care Homes Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

10 Strong

0 Regular

2 Weak

Size

annual sales of £26.9m, make it larger than the average company (£20.8m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.6%)

EXPORT

Adept Care Homes Limited's latest turnover from February 2024 is £26.9 million and the company has net assets of £48.6 million. According to their latest financial statements, Adept Care Homes Limited has 573 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	26,941,632	22,566,295	18,782,851	17,933,389	17,096,404	14,800,466	13,089,692	11,201,213	7,607,804	6,729,204	5,454,249	4,879,204	4,403,842	4,053,676	8,919,788
Other Income Or Grants
Cost Of Sales	15,547,893	13,520,893	10,876,400	9,462,203	8,895,722	7,958,155	7,144,521	5,830,119	4,007,285	3,512,508	2,926,351	2,562,430	2,366,275	2,317,715	6,184,125
Gross Profit	11,393,739	9,045,402	7,906,451	8,471,186	8,200,682	6,842,311	5,945,171	5,371,094	3,600,519	3,216,696	2,527,898	2,316,774	2,037,567	1,735,961	2,735,663
Admin Expenses	8,523,756	7,463,220	5,852,656	4,938,010	5,707,747	5,245,109	5,023,585	3,816,034	2,417,267	2,246,814	2,262,111	1,789,650	1,656,812	1,514,753	2,735,663
Operating Profit	2,869,983	1,582,182	2,053,795	3,533,176	2,492,935	1,597,202	921,586	1,555,060	1,183,252	969,882	265,787	527,124	380,755	221,208
Interest Payable	1,230,534	956,658	492,288	427,337	486,973	479,109	413,892	352,339	170,477	259,175	301,547	158,028	105,225	60,680
Interest Receivable	98,561	234,494	78,261	3,410	3,852	3,822	1,736	23	2,490		65	1,083	4,747	16,428
Pre-Tax Profit	1,928,890	1,121,617	1,639,768	3,109,249	2,009,814	1,121,915	509,430	1,202,744	1,015,265	710,707	-35,695	370,179	280,277	174,490
Tax	-706,462	1,706,628	539,056	-644,979	-551,763	-255,386	-176,143	-286,581	-278,758	-222,469	-64,605	-136,390	-107,382	-77,159
Profit After Tax	1,222,428	2,828,245	2,178,824	2,464,270	1,458,051	866,529	333,287	916,163	736,507	488,238	-100,300	233,789	172,895	97,331
Dividends Paid	250,022
Retained Profit	972,406	2,828,245	2,178,824	2,464,270	1,458,051	866,529	333,287	916,163	736,507	488,238	-100,300	233,789	172,895	97,331
Employee Costs	14,455,302	14,120,109	12,485,127	10,811,869	10,123,262	9,143,761	8,038,590	6,464,580	4,033,506	3,201,084	2,920,433	2,537,645	2,367,712	2,346,308	2,154,707
Number Of Employees	573	580	593	569	538	491	499	430	338	266	237	239	217	214	64
EBITDA*	4,460,038	3,066,540	3,369,494	4,932,410	3,985,866	2,537,068	2,397,418	2,389,999	1,907,612	1,772,436	1,057,764	952,833	515,856	323,391

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	66,273,997	67,801,006	59,643,820	52,936,800	49,956,868	49,098,984	38,283,687	35,365,577	19,876,088	12,992,183	13,211,860	5,769,505	3,517,649	2,101,223
Intangible Assets								87,000	293,000	499,000	705,000	911,000	1,117,000	1,323,000
Investments & Other	2,532,477	2,225,596	1,858,947												1,579,361
Debtors (Due After 1 year)	1,350,000	1,350,000
Total Fixed Assets	70,156,474	71,376,602	61,502,767	52,936,800	49,956,868	49,098,984	38,283,687	35,452,577	20,169,088	13,491,183	13,916,860	6,680,505	4,634,649	3,424,223	1,579,361
Stock & work in progress	10,000	1,843,925
Trade Debtors	153,825	352,419	255,601	264,264	182,747	103,817	266,292	199,036	257,065	122,806	103,996	83,900	60,268	93,995
Group Debtors	150,000	150,000
Misc Debtors	1,390,377	484,139	318,979	291,653	208,079	149,407	226,043	182,138	224,321	499,617	95,945	292,137	51,257	49,553
Cash	4,603,490	2,518,250	3,903,469	5,057,862	1,780,890	1,219,589	936,211	575,939	210,658	1,068,252	202,988	588,044	625,135	753,623
misc current assets
total current assets	6,307,692	5,348,733	4,478,049	5,613,779	2,171,716	1,472,813	1,428,546	957,113	692,044	1,690,675	402,929	964,081	736,660	897,171
total assets	76,464,166	76,725,335	65,980,816	58,550,579	52,128,584	50,571,797	39,712,233	36,409,690	20,861,132	15,181,858	14,319,789	7,644,586	5,371,309	4,321,394	1,579,361
Bank overdraft							871,662	568,690	312,000	300,000	249,736
Bank loan	1,172,332	930,412	930,412	930,412	999,079	944,624
Trade Creditors	545,968	716,011	761,099	462,391	502,131	371,190	503,886	261,232	305,459	186,116	183,566	180,148	183,896	134,269	1,577,861
Group/Directors Accounts											1,853,196	1,768,006	2,155,895	2,515,240
other short term finances											185,569	58,701		20,381
hp & lease commitments						23,323	23,255	23,255	17,138	28,731	15,291
other current liabilities	2,260,867	2,427,607	2,069,403	2,651,537	1,972,676	2,065,377	1,331,638	1,792,650	1,769,994	2,484,111	544,804	618,048	587,028	425,452
total current liabilities	3,979,167	4,074,030	3,760,914	4,044,340	3,473,886	3,404,514	2,730,441	2,645,827	2,404,591	2,998,958	3,032,162	2,624,903	2,926,819	3,095,342	1,577,861
loans	15,926,619	17,098,951	18,329,363	18,394,403	14,987,339	15,891,714	16,407,301	13,247,556	10,493,034	5,010,724	4,864,731	4,522,124	2,194,615	1,143,953
hp & lease commitments							39,033	62,798	49,987		28,731
Accruals and Deferred Income
other liabilities
provisions	7,986,827	7,953,207	6,269,384	5,840,341	5,860,134	5,622,073	3,730,901	3,615,849	59,923	82,173	79,055	35,417	21,522	26,641
total long term liabilities	23,913,446	25,052,158	24,598,747	24,234,744	20,847,473	21,513,787	20,177,235	16,926,203	10,602,944	5,092,897	4,972,517	4,557,541	2,216,137	1,170,594
total liabilities	27,892,613	29,126,188	28,359,661	28,279,084	24,321,359	24,918,301	22,907,676	19,572,030	13,007,535	8,091,855	8,004,679	7,182,444	5,142,956	4,265,936	1,577,861
net assets	48,571,343	47,598,937	37,621,155	30,271,495	27,807,225	25,653,496	16,804,557	16,837,660	7,853,597	7,090,003	6,315,110	462,142	228,353	55,458	1,500
total shareholders funds	48,571,343	47,598,937	37,621,155	30,271,495	27,807,225	25,653,496	16,804,557	16,837,660	7,853,597	7,090,003	6,315,110	462,142	228,353	55,458	1,500

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	2,869,983	1,582,182	2,053,795	3,533,176	2,492,935	1,597,202	921,586	1,555,060	1,183,252	969,882	265,787	527,124	380,755	221,208
Depreciation	1,590,055	1,484,358	1,315,699	1,399,234	1,492,931	939,866	1,388,832	628,939	518,360	596,554	585,977	219,709	114,501	81,583
Amortisation							87,000	206,000	206,000	206,000	206,000	206,000	20,600	20,600
Tax	-706,462	1,706,628	539,056	-644,979	-551,763	-255,386	-176,143	-286,581	-278,758	-222,469	-64,605	-136,390	-107,382	-77,159
Stock	-1,833,925	1,843,925
Debtors	707,644	1,761,978	18,663	165,091	137,602	-239,111	111,161	-100,212	-141,037	422,482	-176,096	264,512	-32,023	143,548
Creditors	-170,043	-45,088	298,708	-39,740	130,941	-132,696	242,654	-44,227	119,343	2,550	3,418	-3,748	49,627	-1,443,592	1,577,861
Accruals and Deferred Income	-166,740	358,204	-582,134	678,861	-92,701	733,739	-461,012	22,656	-714,117	1,939,307	-73,244	31,020	161,576	425,452
Deferred Taxes & Provisions	33,620	1,683,823	429,043	-19,793	238,061	1,891,172	115,052	3,555,926	-22,250	3,118	43,638	13,895	-5,119	26,641
Cash flow from operations	4,576,694	3,164,204	4,035,504	4,741,668	3,572,802	5,013,008	2,006,808	5,737,985	1,152,867	3,072,460	1,143,067	593,098	646,581	-888,815	1,577,861
Investing Activities
capital expenditure						-1,765,015	-35,737,351	-4,497,180	-7,416,319	-309,983	-1,525,062	-2,520,915	-1,530,927	46,371
Change in Investments	306,881	366,649	1,858,947											-1,579,361	1,579,361
cash flow from investments	-306,881	-366,649	-1,858,947			-1,765,015	-35,737,351	-4,497,180	-7,416,319	-309,983	-1,525,062	-2,520,915	-1,530,927	1,625,732	-1,579,361
Financing Activities
Bank loans	241,920			-68,667	54,455	944,624
Group/Directors Accounts										-1,853,196	85,190	-387,889	-359,345	2,515,240
Other Short Term Loans										-185,569	126,868	58,701	-20,381	20,381
Long term loans	-1,172,332	-1,230,412	-65,040	3,407,064	-904,375	-515,587	3,159,745	2,754,522	5,482,310	145,993	342,607	2,327,509	1,050,662	1,143,953
Hire Purchase and Lease Commitments					-23,323	-38,965	-23,765	18,928	38,394	-15,291	44,022
other long term liabilities
share issue		7,149,537	5,170,836		695,678	7,982,410	-366,390	8,067,900	27,087	286,655	5,953,268			-43,373	1,500
interest	-1,131,973	-722,164	-414,027	-423,927	-483,121	-475,287	-412,156	-352,316	-167,987	-259,175	-301,482	-156,945	-100,478	-44,252
cash flow from financing	-2,062,385	5,196,961	4,691,769	2,914,470	-660,686	7,897,195	2,357,434	10,489,034	5,379,804	-1,880,583	6,250,473	1,841,376	570,458	3,591,949	1,500
cash and cash equivalents
cash	2,085,240	-1,385,219	-1,154,393	3,276,972	561,301	283,378	360,272	365,281	-857,594	865,264	-385,056	-37,091	-128,488	753,623
overdraft						-871,662	302,972	256,690	12,000	50,264	249,736
change in cash	2,085,240	-1,385,219	-1,154,393	3,276,972	561,301	1,155,040	57,300	108,591	-869,594	815,000	-634,792	-37,091	-128,488	753,623

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for adept care homes limited. Get real-time insights into adept care homes 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 adept care homes limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in LE10 area or any other competitors across 12 key performance metrics.

ADEPT CARE HOMES LIMITED group structure

Adept Care Homes Limited has 13 subsidiary companies.

Ultimate parent company

ADEPT CARE HOMES LIMITED

05320657

13 subsidiaries

HENRY HOLDINGS LIMITED

09464604

KIWI HOUSE CARE HOME LIMITED

08908829

KILO HOLDINGS LIMITED

10421623

BOWOOD CARE HOMES LIMITED

09090172

LOCK KEY PROPERTIES LIMITED

11519749

DOUGLAS COURT CARE HOME LIMITED

06003961

THE OLD VICARAGE CARE HOME LIMITED

06572147

WILLOWS CARE HOME LIMITED

06003958

BRAVO HOLDINGS LIMITED

10421344

MOAT HOUSE CARE HOME LIMITED

03244266

CHARLEY HOLDINGS LIMITED

10918151

MIKE HOLDINGS LIMITED

10421650

CHETWYND HOUSE CARE HOME LIMITED

09578652

ADEPT CARE HOMES LIMITED Shareholders

david nigel lock	51%
the david lock family trust 2022	49%

Adept Care Homes Limited currently has 8 directors. The longest serving directors include Mr David Lock (Dec 2004) and Ms Emma Philpott (Sep 2010).

officer	country	age	start	end	role
Mr David Lock	England	74 years	Dec 2004	-	Director
Ms Emma Philpott	England	54 years	Sep 2010	-	Director
Mr Christopher White	England	63 years	Jan 2016	-	Director
Mr Christopher White	England	63 years	Jan 2016	-	Director
Mr Peter Savage	England	66 years	Jan 2017	-	Director
Mr Kenneth Nelson	England	54 years	Feb 2021	-	Director
Mr Zache Lock	England	53 years	Oct 2021	-	Director
Mr Harjit Nanuwa	England	48 years	Nov 2022	-	Director

P&L

February 2024

turnover

26.9m

+19%

operating profit

2.9m

+81%

gross margin

42.3%

+5.51%

turnover

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

Balance Sheet

February 2024

net assets

48.6m

+0.02%

total assets

76.5m

cash

4.6m

+0.83%

net assets

Total assets minus all liabilities

Similar Companies

watson & cox holdings limited

perry & co limited

eastgate care group ltd

2.5

carterville limited

karen millen retail limited

1.5

company number

05320657

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

December 2004

ultimate parent company

None

previous names

adept care group limited (October 2013)

dkl care services limited (December 2006)

address

homes support centre, 1 lutterworth road, hinckley, leicestershire, LE10 2DJ

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 11 charges/mortgages relating to adept care homes limited. Currently there are 3 open charges and 8 have been satisfied in the past.

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 ADEPT CARE HOMES LIMITED. This can take several minutes, an email will notify you when this has completed.

adept care homes limited Company Information

adept care homes limited Estimated Valuation

adept care homes limited Estimated Valuation

adept care homes limited Estimated Valuation

Adept Care Homes Limited Overview

Adept Care Homes Limited Health Check

ADEPT CARE HOMES LIMITED financials

adept care homes limited Credit Report and Business Information

Adept Care Homes Limited Competitor Analysis

adept care homes limited Ownership

adept care homes limited directors

adept care homes limited company details

adept care homes limited Charges & Mortgages

adept care homes limited Capital Raised & Share Issues BETA

adept care homes limited Companies House Filings - See Documents