thera north
thera north Company Information
Company Number
05343088
Website
www.thera.co.ukRegistered Address
134 edmund street, birmingham, B3 2ES
Industry
Other social work activities without accommodation n.e.c.
Residential care activities for learning disabilities, mental health and substance abuse
Telephone
443003031280
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
thera north Estimated Valuation
Pomanda estimates the enterprise value of THERA NORTH at £2.2m based on a Turnover of £5.1m and 0.43x industry multiple (adjusted for size and gross margin).
thera north Estimated Valuation
Pomanda estimates the enterprise value of THERA NORTH at £0 based on an EBITDA of £-114.3k and a 3.59x industry multiple (adjusted for size and gross margin).
thera north Estimated Valuation
Pomanda estimates the enterprise value of THERA NORTH at £0 based on Net Assets of £-244.7k and 0.76x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Thera North Overview
Thera North is a live company located in birmingham, B3 2ES with a Companies House number of 05343088. It operates in the residential care activities for mental difficulties, mental health and substance abuse sector, SIC Code 87200. Founded in January 2005, it's largest shareholder is unknown. Thera North is a established, mid sized company, Pomanda has estimated its turnover at £5.1m with healthy growth in recent years.
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Thera North Health Check
Pomanda's financial health check has awarded Thera North a 2 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 £5.1m, make it larger than the average company (£1.7m)
£5.1m - Thera North
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (5.7%)
10% - Thera North
5.7% - Industry AVG
Production
with a gross margin of 13%, this company has a higher cost of product (39.2%)
13% - Thera North
39.2% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (5.6%)
-2.2% - Thera North
5.6% - Industry AVG
Employees
with 172 employees, this is above the industry average (43)
172 - Thera North
43 - Industry AVG
Pay Structure
on an average salary of £22.8k, the company has an equivalent pay structure (£23.7k)
£22.8k - Thera North
£23.7k - Industry AVG
Efficiency
resulting in sales per employee of £29.9k, this is less efficient (£38.1k)
£29.9k - Thera North
£38.1k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is near the average (18 days)
19 days - Thera North
18 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (9 days)
3 days - Thera North
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Thera North
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (155 weeks)
3 weeks - Thera North
155 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 136.5%, this is a higher level of debt than the average (24.4%)
136.5% - Thera North
24.4% - Industry AVG
THERA NORTH financials
Thera North's latest turnover from March 2023 is £5.1 million and the company has net assets of -£244.7 thousand. According to their latest financial statements, Thera North has 172 employees and maintains cash reserves of £35.5 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 | 5,138,138 | 4,242,516 | 4,093,339 | 3,820,605 | 3,713,826 | 3,176,108 | 2,974,766 | 2,718,165 | 2,636,121 | 2,806,385 | 2,975,731 | 3,528,451 | 3,554,896 | 4,022,585 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,472,054 | 3,513,694 | 3,370,420 | 3,315,055 | 3,277,614 | 2,787,434 | 2,403,441 | 2,255,614 | 2,516,669 | 2,544,861 | 2,742,845 | 2,974,739 | 3,179,988 | 3,622,679 |
| Gross Profit | 666,084 | 728,822 | 722,919 | 505,550 | 436,212 | 388,674 | 571,325 | 462,551 | 119,452 | 261,524 | 232,886 | 553,712 | 374,908 | 399,906 |
| Admin Expenses | 780,336 | 659,181 | 420,924 | 426,608 | 402,282 | 484,274 | 455,003 | 346,504 | 349,285 | 310,024 | 384,333 | |||
| Operating Profit | -114,252 | 69,641 | 301,995 | 78,942 | 33,930 | -95,600 | 116,322 | 116,047 | -229,833 | 64,884 | 15,573 | |||
| Interest Payable | 4,469 | 3,789 | 18,356 | 26,513 | 24,995 | 14,951 | 15,189 | 10,976 | 0 | 0 | 0 | 0 | 0 | 2 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85 |
| Pre-Tax Profit | -128,683 | 415 | 287,368 | 50,122 | 8,935 | -110,551 | 101,133 | 105,071 | -229,833 | -72,878 | -130,965 | 261,239 | 64,884 | 15,656 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -128,683 | 415 | 287,368 | 50,122 | 8,935 | -110,551 | 101,133 | 105,071 | -229,833 | -72,878 | -130,965 | 261,239 | 64,884 | 15,656 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -128,683 | 415 | 287,368 | 50,122 | 8,935 | -110,551 | 101,133 | 105,071 | -229,833 | -72,878 | -130,965 | 261,239 | 64,884 | 15,656 |
| Employee Costs | 3,926,683 | 3,253,094 | 3,260,367 | 3,274,811 | 3,226,188 | 2,798,417 | 2,409,171 | 2,262,343 | 2,520,367 | |||||
| Number Of Employees | 172 | 148 | 149 | 145 | 149 | 138 | 125 | 120 | 123 | |||||
| EBITDA* | -114,252 | 69,641 | 301,995 | 78,942 | 33,930 | -95,600 | 116,322 | 116,047 | -229,833 | 64,884 | 15,573 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 277,719 | 389,676 | 438,277 | 306,861 | 320,849 | 86,265 | 263,916 | 51,707 | 48,456 | 21,899 | 171,199 | 98,074 | 115,142 | 236,393 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,907 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 357,977 | 347,339 | 256,568 | 161,431 | 255,830 | 149,631 | 112,430 | 101,387 | 340,568 | 137,739 | 239,164 | 440,625 | 290,689 | 189,701 |
| Cash | 35,498 | 126,801 | 3,337 | 15,210 | 5,010 | 24,146 | 36,306 | 4,923 | 49,238 | 34,620 | 18,065 | 10,934 | 33,447 | 78,829 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 671,194 | 863,816 | 698,182 | 483,502 | 581,689 | 260,042 | 412,652 | 159,924 | 438,262 | 194,258 | 428,428 | 549,633 | 439,278 | 504,923 |
| total assets | 671,194 | 863,816 | 698,182 | 483,502 | 581,689 | 260,042 | 412,652 | 159,924 | 438,262 | 194,258 | 428,428 | 549,633 | 439,278 | 504,923 |
| Bank overdraft | 0 | 0 | 6,393 | 0 | 4,928 | 0 | 0 | 0 | 0 | 0 | 0 | 1,548 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 36,971 | 30,569 | 8,679 | 15,580 | 4,330 | 1,061 | 23,030 | 1,296 | 15,345 | 725 | 0 | 122 | 1,228 | 238 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,204 | 3,504 | 20,888 |
| 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 | 424,574 | 291,372 | 226,560 | 315,623 | 213,656 | 359,662 | 310,648 | 234,272 | 576,444 | 277,152 | 294,829 | 233,011 | 196,969 | 140,551 |
| total current liabilities | 461,545 | 321,941 | 241,632 | 331,203 | 222,914 | 360,723 | 333,678 | 235,568 | 591,789 | 277,877 | 294,829 | 237,885 | 201,701 | 161,677 |
| loans | 454,374 | 657,917 | 573,007 | 556,124 | 812,722 | 362,201 | 431,305 | 377,820 | 405,008 | 245,083 | 389,423 | 436,607 | 623,675 | 794,228 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 454,374 | 657,917 | 573,007 | 556,124 | 812,722 | 362,201 | 431,305 | 377,820 | 405,008 | 245,083 | 389,423 | 436,607 | 623,675 | 794,228 |
| total liabilities | 915,919 | 979,858 | 814,639 | 887,327 | 1,035,636 | 722,924 | 764,983 | 613,388 | 996,797 | 522,960 | 684,252 | 674,492 | 825,376 | 955,905 |
| net assets | -244,725 | -116,042 | -116,457 | -403,825 | -453,947 | -462,882 | -352,331 | -453,464 | -558,535 | -328,702 | -255,824 | -124,859 | -386,098 | -450,982 |
| total shareholders funds | -244,725 | -116,042 | -116,457 | -403,825 | -453,947 | -462,882 | -352,331 | -453,464 | -558,535 | -328,702 | -255,824 | -124,859 | -386,098 | -450,982 |
| 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 | -114,252 | 69,641 | 301,995 | 78,942 | 33,930 | -95,600 | 116,322 | 116,047 | -229,833 | 64,884 | 15,573 | |||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -101,319 | 42,170 | 226,553 | -108,387 | 340,783 | -140,450 | 221,345 | -234,023 | 229,386 | -250,725 | -128,336 | 132,868 | -20,263 | 426,094 |
| Creditors | 6,402 | 21,890 | -6,901 | 11,250 | 3,269 | -21,969 | 21,734 | -14,049 | 14,620 | 725 | -122 | -1,106 | 990 | 238 |
| Accruals and Deferred Income | 133,202 | 64,812 | -89,063 | 101,967 | -146,006 | 49,014 | 76,376 | -342,172 | 299,292 | -17,677 | 61,818 | 36,042 | 56,418 | 140,551 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 126,671 | 114,173 | -20,522 | 300,546 | -449,590 | 71,895 | -6,913 | -6,151 | -145,307 | 142,555 | -269,732 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| 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 | -3,204 | -300 | -17,384 | 20,888 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -203,543 | 84,910 | 16,883 | -256,598 | 450,521 | -69,104 | 53,485 | -27,188 | 159,925 | -144,340 | -47,184 | -187,068 | -170,553 | 794,228 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -4,469 | -3,789 | -18,356 | -26,513 | -24,995 | -14,951 | -15,189 | -10,976 | 0 | 0 | 0 | 0 | 0 | 83 |
| cash flow from financing | -208,012 | 81,121 | -1,473 | -283,111 | 425,526 | -84,055 | 38,296 | -38,164 | 159,925 | -144,340 | -50,388 | -187,368 | -187,937 | 348,561 |
| cash and cash equivalents | ||||||||||||||
| cash | -91,303 | 123,464 | -11,873 | 10,200 | -19,136 | -12,160 | 31,383 | -44,315 | 14,618 | 16,555 | 7,131 | -22,513 | -45,382 | 78,829 |
| overdraft | 0 | -6,393 | 6,393 | -4,928 | 4,928 | 0 | 0 | 0 | 0 | 0 | -1,548 | 1,548 | 0 | 0 |
| change in cash | -91,303 | 129,857 | -18,266 | 15,128 | -24,064 | -12,160 | 31,383 | -44,315 | 14,618 | 16,555 | 8,679 | -24,061 | -45,382 | 78,829 |
thera north Credit Report and Business Information
Thera North Competitor Analysis
Perform a competitor analysis for thera north by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in B 3 area or any other competitors across 12 key performance metrics.
thera north Ownership
THERA NORTH group structure
Thera North has no subsidiary companies.
Ultimate parent company
THERA NORTH
05343088
thera north directors
Thera North currently has 11 directors. The longest serving directors include Frances Affleck (Feb 2015) and Mr Craig Sutherland (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Frances Affleck | 49 years | Feb 2015 | - | Director | |
| Mr Craig Sutherland | 43 years | Dec 2017 | - | Director | |
| Mr Philip Younge | 66 years | May 2019 | - | Director | |
| Ms Catherine Carter | 51 years | Apr 2023 | - | Director | |
| Ms Joanne Turnbull | 48 years | Nov 2023 | - | Director | |
| Mr Malcolm Philp | 61 years | Nov 2023 | - | Director | |
| Ms Ceri Lennon | 50 years | Dec 2023 | - | Director | |
| Ms Angela Ridley | 58 years | Jun 2024 | - | Director | |
| Ms Jenny Van Niekerk | 51 years | Aug 2024 | - | Director | |
| Ms Natalie Lewis | 48 years | Aug 2024 | - | Director |
P&L
March 2023turnover
5.1m
+21%
operating profit
-114.3k
-264%
gross margin
13%
-24.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-244.7k
+1.11%
total assets
671.2k
-0.22%
cash
35.5k
-0.72%
net assets
Total assets minus all liabilities
Similar Companies
thera north company details
company number
05343088
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
88990 - Other social work activities without accommodation n.e.c.
87200 - Residential care activities for learning disabilities, mental health and substance abuse
incorporation date
January 2005
age
19
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
134 edmund street, birmingham, B3 2ES
accountant
-
auditor
SAYER VINCENT LLP
thera north 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 1 charges/mortgages relating to thera north. Currently there are 1 open charges and 0 have been satisfied in the past.
thera north Companies House Filings - See Documents
| date | description | view/download |
|---|
