springcare (davenham) limited
springcare (davenham) limited Company Information
Company Number
05415883
Website
www.springcare.org.ukRegistered Address
nicholson house shakespeare way, whitchurch, SY13 1LJ
Industry
Medical nursing home activities
Telephone
441948661400
Next Accounts Due
September 2024
Group Structure
View All
Directors
Lee Cox19 Years
Shareholders
barca holdings ltd 100%
springcare (davenham) limited Estimated Valuation
Pomanda estimates the enterprise value of SPRINGCARE (DAVENHAM) LIMITED at £2.8m based on a Turnover of £3.8m and 0.74x industry multiple (adjusted for size and gross margin).
springcare (davenham) limited Estimated Valuation
Pomanda estimates the enterprise value of SPRINGCARE (DAVENHAM) LIMITED at £9.5m based on an EBITDA of £1.6m and a 5.77x industry multiple (adjusted for size and gross margin).
springcare (davenham) limited Estimated Valuation
Pomanda estimates the enterprise value of SPRINGCARE (DAVENHAM) LIMITED at £39.5m based on Net Assets of £13.5m and 2.93x industry multiple (adjusted for liquidity).
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Springcare (davenham) Limited Overview
Springcare (davenham) Limited is a live company located in whitchurch, SY13 1LJ with a Companies House number of 05415883. It operates in the medical nursing home activities sector, SIC Code 86102. Founded in April 2005, it's largest shareholder is barca holdings ltd with a 100% stake. Springcare (davenham) Limited is a established, small sized company, Pomanda has estimated its turnover at £3.8m with healthy growth in recent years.
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Springcare (davenham) Limited Health Check
Pomanda's financial health check has awarded Springcare (Davenham) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £3.8m, make it in line with the average company (£4.2m)
£3.8m - Springcare (davenham) Limited
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.1%)
4% - Springcare (davenham) Limited
4.1% - Industry AVG
Production
with a gross margin of 52.7%, this company has a lower cost of product (32.6%)
52.7% - Springcare (davenham) Limited
32.6% - Industry AVG
Profitability
an operating margin of 40.5% make it more profitable than the average company (12.3%)
40.5% - Springcare (davenham) Limited
12.3% - Industry AVG
Employees
with 49 employees, this is below the industry average (106)
49 - Springcare (davenham) Limited
106 - Industry AVG
Pay Structure
on an average salary of £34.6k, the company has a higher pay structure (£23.1k)
£34.6k - Springcare (davenham) Limited
£23.1k - Industry AVG
Efficiency
resulting in sales per employee of £77.6k, this is more efficient (£40.8k)
£77.6k - Springcare (davenham) Limited
£40.8k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (20 days)
14 days - Springcare (davenham) Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (26 days)
12 days - Springcare (davenham) Limited
26 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (0 days)
0 days - Springcare (davenham) Limited
0 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (28 weeks)
36 weeks - Springcare (davenham) Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.5%, this is a lower level of debt than the average (57.9%)
29.5% - Springcare (davenham) Limited
57.9% - Industry AVG
SPRINGCARE (DAVENHAM) LIMITED financials
Springcare (Davenham) Limited's latest turnover from December 2022 is £3.8 million and the company has net assets of £13.5 million. According to their latest financial statements, Springcare (Davenham) Limited has 49 employees and maintains cash reserves of £826.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,803,646 | 3,281,896 | 3,210,672 | 3,372,427 | 3,048,502 | 2,857,587 | 2,843,588 | 2,517,295 | 2,374,780 | 2,439,728 | 2,332,327 | 2,108,363 | 1,742,319 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 1,800,296 | 1,671,199 | 1,731,637 | 1,559,405 | 1,260,617 | 1,301,278 | 1,179,816 | 1,255,858 | ||||||
| Gross Profit | 2,003,350 | 1,610,697 | 1,479,035 | 1,813,022 | 1,787,885 | 1,556,309 | 1,337,479 | 1,118,922 | ||||||
| Admin Expenses | 462,571 | 184,421 | 200,853 | 300,034 | 343,512 | 363,565 | 239,203 | 245,353 | ||||||
| Operating Profit | 1,540,779 | 1,426,276 | 1,278,182 | 1,512,988 | 1,444,373 | 1,192,744 | 1,098,276 | 873,569 | 1,033,021 | 6,340,964 | 328,757 | 193,287 | ||
| Interest Payable | 200,827 | 132,200 | 142,661 | 196,008 | 173,358 | 159,995 | 74,898 | 69,654 | 76,927 | 179,755 | 176,465 | 45,386 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 23 | 0 | ||
| Pre-Tax Profit | 1,339,952 | 1,294,076 | 1,135,521 | 1,316,980 | 1,271,015 | 1,032,749 | 1,023,378 | 803,915 | 956,094 | 6,161,210 | 152,315 | -640,336 | ||
| Tax | -163,255 | -228,879 | -15,649 | -22,624 | -14,489 | -187,735 | 4,261 | -44,904 | -3,888 | -44,422 | -40,829 | 19,702 | ||
| Profit After Tax | 1,176,697 | 1,065,197 | 1,119,872 | 1,294,356 | 1,256,526 | 845,014 | 1,027,639 | 759,011 | 952,206 | 6,116,788 | 111,486 | -620,634 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,559,846 | 0 | 0 | 0 | ||
| Retained Profit | 1,176,697 | 1,065,197 | 1,119,872 | 1,294,356 | 1,256,526 | 845,014 | 1,027,639 | 759,011 | -5,607,640 | 6,116,788 | 111,486 | -620,634 | ||
| Employee Costs | 1,697,230 | 1,585,577 | 1,638,895 | 1,456,494 | 1,166,355 | 1,198,412 | 1,298,524 | 1,074,324 | 1,156,313 | 1,087,290 | 1,623,364 | 1,466,121 | 1,287,406 | |
| Number Of Employees | 49 | 57 | 59 | 58 | 59 | 63 | 63 | 61 | 63 | 67 | 64 | 62 | 59 | |
| EBITDA* | 1,647,052 | 1,502,893 | 1,311,078 | 1,566,343 | 1,512,433 | 1,286,822 | 1,148,764 | 900,606 | 1,052,762 | 6,364,718 | 357,277 | 219,654 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,162,285 | 10,720,000 | 12,316,849 | 12,251,369 | 12,298,169 | 11,340,000 | 10,922,709 | 10,880,000 | 8,700,000 | 8,241,000 | 5,721,996 | 5,737,747 | 5,714,999 | 0 |
| Intangible Assets | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 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 | 135,520 | 85,280 | 0 | 0 | 0 |
| Total Fixed Assets | 10,162,286 | 10,720,001 | 12,316,850 | 12,251,370 | 12,298,170 | 11,340,001 | 10,922,710 | 10,880,001 | 8,700,001 | 8,376,521 | 5,807,277 | 5,737,748 | 5,715,000 | 0 |
| Stock & work in progress | 1,996 | 1,647 | 1,779 | 2,011 | 1,810 | 1,975 | 2,162 | 2,029 | 2,003 | 2,073 | 1,880 | 1,601 | 1,420 | 0 |
| Trade Debtors | 146,135 | 118,258 | 292,058 | 400,744 | 422,473 | 141,420 | 113,004 | 68,225 | 114,263 | 100,068 | 55,633 | 103,948 | 73,665 | 0 |
| Group Debtors | 7,908,060 | 1,974,448 | 991,376 | 0 | 0 | 0 | 321,842 | 237,223 | 161,666 | 0 | 0 | 385,800 | 176,137 | 0 |
| Misc Debtors | 46,576 | 28,029 | 22,034 | 86,291 | 9,117 | 66,212 | 7,474 | 7,675 | 32,860 | 12,207 | 17,002 | 19,650 | 32,985 | 0 |
| Cash | 826,785 | 331,333 | 150,433 | 250 | 250 | 36,478 | 15,656 | 7,621 | 13,607 | 250 | 479 | 11,215 | 34,179 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,929,552 | 2,453,715 | 1,457,680 | 489,296 | 433,650 | 246,085 | 460,138 | 322,773 | 324,399 | 114,598 | 74,994 | 522,214 | 318,386 | 0 |
| total assets | 19,091,838 | 13,173,716 | 13,774,530 | 12,740,666 | 12,731,820 | 11,586,086 | 11,382,848 | 11,202,774 | 9,024,400 | 8,491,119 | 5,882,271 | 6,259,962 | 6,033,386 | 0 |
| Bank overdraft | 0 | 0 | 0 | 16,653 | 14,950 | 0 | 0 | 9,948 | 9,990 | 24,851 | 9,862 | 0 | 0 | 0 |
| Bank loan | 238,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,759,788 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 60,563 | 72,837 | 89,877 | 163,720 | 102,391 | 58,945 | 76,625 | 79,299 | 79,601 | 79,528 | 41,719 | 40,594 | 45,077 | 0 |
| Group/Directors Accounts | 304,480 | 30,758 | 239,221 | 24,048 | 1,150,978 | 2,096,317 | 2,880,685 | 3,758,324 | 0 | 0 | 0 | 6,511,225 | 6,404,812 | 0 |
| other short term finances | 0 | 57,903 | 0 | 87,500 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 37,853 | 56,575 | 56,377 | 53,380 | 0 | 0 | 0 | 524 | 0 |
| other current liabilities | 562,990 | 466,106 | 345,350 | 465,927 | 619,084 | 402,420 | 440,380 | 211,617 | 226,037 | 245,950 | 218,084 | 217,290 | 203,606 | 0 |
| total current liabilities | 1,166,033 | 627,604 | 674,448 | 757,848 | 2,047,403 | 2,595,535 | 3,454,265 | 4,115,565 | 5,128,796 | 350,329 | 269,665 | 6,769,109 | 6,654,019 | 0 |
| loans | 4,403,000 | 192,097 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,359,146 | 4,965 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 28,973 | 77,556 | 130,890 | 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 | 54,842 | 62,749 | 11,825 | 14,433 | 10,388 | 13,010 | 26,591 | 33,010 | 37,271 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,457,842 | 254,846 | 11,825 | 14,433 | 10,388 | 13,010 | 55,564 | 110,566 | 168,161 | 5,359,146 | 4,965 | 0 | 0 | 0 |
| total liabilities | 5,623,875 | 882,450 | 686,273 | 772,281 | 2,057,791 | 2,608,545 | 3,509,829 | 4,226,131 | 5,296,957 | 5,709,475 | 274,630 | 6,769,109 | 6,654,019 | 0 |
| net assets | 13,467,963 | 12,291,266 | 13,088,257 | 11,968,385 | 10,674,029 | 8,977,541 | 7,873,019 | 6,976,643 | 3,727,443 | 2,781,644 | 5,607,641 | -509,147 | -620,633 | 0 |
| total shareholders funds | 13,467,963 | 12,291,266 | 13,088,257 | 11,968,385 | 10,674,029 | 8,977,541 | 7,873,019 | 6,976,643 | 3,727,443 | 2,781,644 | 5,607,641 | -509,147 | -620,633 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,540,779 | 1,426,276 | 1,278,182 | 1,512,988 | 1,444,373 | 1,192,744 | 1,098,276 | 873,569 | 1,033,021 | 6,340,964 | 328,757 | 193,287 | ||
| Depreciation | 106,273 | 76,617 | 32,896 | 53,355 | 68,060 | 94,078 | 94,078 | 50,488 | 27,037 | 19,741 | 23,754 | 28,520 | 26,367 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -163,255 | -228,879 | -15,649 | -22,624 | -14,489 | -187,735 | 4,261 | -44,904 | -3,888 | -44,422 | -40,829 | 19,702 | ||
| Stock | 349 | -132 | -232 | 201 | -165 | -187 | 133 | 26 | -70 | 193 | 279 | 181 | 1,420 | 0 |
| Debtors | 5,980,036 | 815,267 | 818,433 | 55,445 | 223,958 | -234,688 | 129,197 | 4,334 | 60,994 | 89,880 | -351,483 | 226,611 | 282,787 | 0 |
| Creditors | -12,274 | -17,040 | -73,843 | 61,329 | 43,446 | -17,680 | -2,674 | -302 | 73 | 37,809 | 1,125 | -4,483 | 45,077 | 0 |
| Accruals and Deferred Income | 96,884 | 120,756 | -120,577 | -153,157 | 216,664 | -37,960 | 228,763 | -14,420 | -19,913 | 27,866 | 794 | 13,684 | 203,606 | 0 |
| Deferred Taxes & Provisions | -7,907 | 50,924 | -2,608 | 4,045 | -2,622 | -13,581 | -6,419 | -4,261 | 37,271 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -4,419,885 | 613,519 | 280,200 | 1,400,290 | 1,531,639 | 1,264,741 | 1,129,682 | 812,209 | 1,024,476 | 6,673,419 | 98,857 | 203,832 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 238,000 | 0 | 0 | 0 | 0 | 0 | 0 | -4,759,788 | 4,759,788 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 273,722 | -208,463 | 215,173 | -1,126,930 | -945,339 | -784,368 | -877,639 | 3,758,324 | 0 | 0 | -6,511,225 | 106,413 | 6,404,812 | 0 |
| Other Short Term Loans | -57,903 | 57,903 | -87,500 | -72,500 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 4,210,903 | 192,097 | 0 | 0 | 0 | 0 | 0 | 0 | -5,359,146 | 5,354,181 | 4,965 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -37,853 | -47,695 | -48,385 | -50,337 | 184,270 | 0 | 0 | -524 | 524 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -200,827 | -132,200 | -142,661 | -196,008 | -173,358 | -159,995 | -74,898 | -69,654 | -76,927 | -179,754 | -176,442 | -45,386 | ||
| cash flow from financing | 4,463,895 | -1,952,851 | -14,988 | -1,395,438 | -556,588 | -732,550 | 1,094,862 | -297,954 | 8,058,897 | -6,686,014 | -70,553 | 6,359,951 | ||
| cash and cash equivalents | ||||||||||||||
| cash | 495,452 | 180,900 | 150,183 | 0 | -36,228 | 20,822 | 8,035 | -5,986 | 13,357 | -229 | -10,736 | -22,964 | 34,179 | 0 |
| overdraft | 0 | 0 | -16,653 | 1,703 | 14,950 | 0 | -9,948 | -42 | -14,861 | 14,989 | 9,862 | 0 | 0 | 0 |
| change in cash | 495,452 | 180,900 | 166,836 | -1,703 | -51,178 | 20,822 | 17,983 | -5,944 | 28,218 | -15,218 | -20,598 | -22,964 | 34,179 | 0 |
springcare (davenham) limited Credit Report and Business Information
Springcare (davenham) Limited Competitor Analysis
Perform a competitor analysis for springcare (davenham) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
springcare (davenham) limited Ownership
SPRINGCARE (DAVENHAM) LIMITED group structure
Springcare (Davenham) Limited has no subsidiary companies.
Ultimate parent company
2 parents
SPRINGCARE (DAVENHAM) LIMITED
05415883
springcare (davenham) limited directors
Springcare (Davenham) Limited currently has 1 director, Mr Lee Cox serving since Apr 2005.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lee Cox | 52 years | Apr 2005 | - | Director |
P&L
December 2022turnover
3.8m
+16%
operating profit
1.5m
+8%
gross margin
52.7%
+7.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
13.5m
+0.1%
total assets
19.1m
+0.45%
cash
826.8k
+1.5%
net assets
Total assets minus all liabilities
Similar Companies
springcare (davenham) limited company details
company number
05415883
Type
Private limited with Share Capital
industry
86102 - Medical nursing home activities
incorporation date
April 2005
age
19
accounts
Full Accounts
ultimate parent company
previous names
springcare (bradeney) limited (February 2006)
springcare (morfa newydd) limited (November 2005)
incorporated
UK
address
nicholson house shakespeare way, whitchurch, SY13 1LJ
last accounts submitted
December 2022
springcare (davenham) limited 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 7 charges/mortgages relating to springcare (davenham) limited. Currently there are 2 open charges and 5 have been satisfied in the past.
springcare (davenham) limited Companies House Filings - See Documents
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