Westwood Care Homes Limited

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westwood care homes limited Company Information

Live

EstablishedSmallHealthy

Company Number

05517807

Website

www.westwoodcaregroup.com

Registered Address

c/o parkside nursing home, olive grove, mansfield, nottinghamshire, NG19 0AR

Industry

Residential nursing care activities

Telephone

441482629506

Next Accounts Due

December 2024

Group Structure

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Directors

Angela Bir19 Years

Shareholders

monarch care group limited 100%

westwood care homes limited Estimated Valuation

£5.5m

Pomanda estimates the enterprise value of WESTWOOD CARE HOMES LIMITED at £5.5m based on Net Assets of £2m and 2.73x industry multiple (adjusted for liquidity).

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Westwood Care Homes Limited is a live company located in mansfield, NG19 0AR with a Companies House number of 05517807. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in July 2005, it's largest shareholder is monarch care group limited with a 100% stake. Westwood Care Homes Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Westwood Care Homes Limited a 3.5 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

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£4.4m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (5.1%)

EXPORT

Westwood Care Homes Limited's latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of £2 million. According to their latest financial statements, Westwood Care Homes Limited has 53 employees and maintains cash reserves of £44.6 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	1,207,698	930,206	6,613,510	1,071,214	489,346	219,367	802,385	1,288,909	4,966,630	7,081,467	6,145,489	4,941,586	5,069,522	7,526,347
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	777,060	609,113	4,316,929	700,899	319,655	140,097	512,538	820,486	3,138,067	4,419,451	3,785,587	3,027,057	3,104,433	4,583,496
Gross Profit	430,638	321,093	2,296,581	370,315	169,691	79,269	289,848	468,423	1,828,563	2,662,016	2,359,903	1,914,528	1,965,089	2,942,851
Admin Expenses	428,403	-12,536	813,958	147,194	75,060	-17,275	262,722	674,437	1,705,415	2,543,658	2,296,357	1,875,679	1,936,479	2,784,461
Operating Profit	2,235	333,629	1,482,623	223,121	94,631	96,544	27,126	-206,014	123,148	118,358	63,546	38,849	28,610	158,390
Interest Payable	0	0	15	15	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,465	627	91	100	505	218	90	237	390	474	420	296	272	206
Pre-Tax Profit	5,700	334,256	1,482,699	223,206	95,136	96,763	27,216	-205,777	123,538	118,832	63,966	39,145	28,882	158,596
Tax	-1,083	-63,509	-281,713	-42,409	-18,076	-18,385	-5,443	0	-25,943	-27,331	-15,352	-10,178	-8,087	-44,407
Profit After Tax	4,617	270,747	1,200,986	180,797	77,060	78,378	21,773	-205,777	97,595	91,501	48,614	28,967	20,795	114,189
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,617	270,747	1,200,986	180,797	77,060	78,378	21,773	-205,777	97,595	91,501	48,614	28,967	20,795	114,189
Employee Costs	1,159,111	1,008,803	974,478	992,123	286,316	136,672	793,230	662,554	2,765,589	3,977,523	3,520,170	2,814,282	2,886,861	4,337,331
Number Of Employees	53	49	49	52	16	8	49	43	188	273	243	196	199	297
EBITDA*	46,365	377,312	1,502,599	248,701	105,660	120,223	49,425	-184,447	142,064	136,384	83,392	59,647	48,132	188,059

* 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	1,098,000	1,115,129	1,059,918	53,415	51,913	42,121	38,870	38,211	14,280	11,570	18,260	22,439	19,870	23,725
Intangible Assets	0	0	0	7,829	23,496	39,163	54,830	70,497	86,164	101,831	117,498	133,165	148,832	164,499
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	1,098,000	1,115,129	1,059,918	61,244	75,409	81,284	93,700	108,708	100,444	113,401	135,758	155,604	168,702	188,224
Stock & work in progress	3,565	3,315	3,825	3,975	3,905	4,100	4,600	4,600	4,600	4,250	4,250	1,490	1,490	1,490
Trade Debtors	15,841	1,448	830,021	19,256	0	4,244	6,116	102,791	351,429	390,647	315,416	239,651	253,249	361,728
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,048,145	952,829	0	517,336	0	269,748	293,377	24,788	0	0	0	0	0	0
Cash	44,615	118,434	48,640	133,198	67,098	67,613	19,778	52,128	42,655	113,442	76,160	91,659	26,549	82,419
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,112,166	1,076,026	882,486	673,765	482,708	345,705	323,871	184,307	398,684	508,339	395,826	332,800	281,288	445,637
total assets	2,210,166	2,191,155	1,942,404	735,009	558,117	426,989	417,571	293,015	499,128	621,740	531,584	488,404	449,990	633,861
Bank overdraft	0	0	0	497	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	25,990	21,080	178,425	27,809	24,724	17,082	15,192	16,084	95,771	315,825	317,170	322,643	313,196	517,862
Group/Directors Accounts	0	0	0	0	0	0	0	10,000	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	129,638	144,449	0	145,874	0	111,216	182,066	69,160	0	0	0	0	0	0
total current liabilities	155,628	165,529	178,425	174,180	182,366	128,298	197,258	95,244	95,771	315,825	317,170	322,643	313,196	517,862
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	0	0	0	0	0	0	0	0
provisions	24,295	0	9,100	6,936	0	2,655	2,655	1,886	1,695	1,848	1,848	1,809	1,809	1,809
total long term liabilities	24,295	0	9,100	6,936	2,655	2,655	2,655	1,886	1,695	1,848	1,848	1,809	1,809	1,809
total liabilities	179,923	165,529	187,525	181,116	185,021	130,953	199,913	97,130	97,466	317,673	319,018	324,452	315,005	519,671
net assets	2,030,243	2,025,626	1,754,879	553,893	373,096	296,036	217,658	195,885	401,662	304,067	212,566	163,952	134,985	114,190
total shareholders funds	2,030,243	2,025,626	1,754,879	553,893	373,096	296,036	217,658	195,885	401,662	304,067	212,566	163,952	134,985	114,190

	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	2,235	333,629	1,482,623	223,121	94,631	96,544	27,126	-206,014	123,148	118,358	63,546	38,849	28,610	158,390
Depreciation	44,130	43,683	12,147	9,913	11,029	8,012	6,632	5,900	3,249	2,359	4,179	5,131	3,855	14,002
Amortisation	0	0	7,829	15,667	0	15,667	15,667	15,667	15,667	15,667	15,667	15,667	15,667	15,667
Tax	-1,083	-63,509	-281,713	-42,409	-18,076	-18,385	-5,443	0	-25,943	-27,331	-15,352	-10,178	-8,087	-44,407
Stock	250	-510	-150	70	-195	-500	0	0	350	0	2,760	0	0	1,490
Debtors	109,709	124,256	293,429	536,592	-273,992	-25,501	171,914	-223,850	-39,218	75,231	75,765	-13,598	-108,479	361,728
Creditors	4,910	-157,345	150,616	3,085	7,642	1,890	-892	-79,687	-220,054	-1,345	-5,473	9,447	-204,666	517,862
Accruals and Deferred Income	-14,811	144,449	-145,874	145,874	-111,216	-70,850	112,906	69,160	0	0	0	0	0	0
Deferred Taxes & Provisions	24,295	-9,100	2,164	6,936	-2,655	0	769	191	-153	0	39	0	0	1,809
Cash flow from operations	-50,283	168,061	934,513	-174,475	255,542	58,879	-15,149	29,067	-65,218	32,477	-15,919	72,514	-56,142	300,105
Investing Activities
capital expenditure	-27,001	-98,894	-1,018,650	-11,415	-5,154	-11,263	-7,291	-29,831	-5,959	4,331	0	-7,700	0	-217,893
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-27,001	-98,894	-1,018,650	-11,415	-5,154	-11,263	-7,291	-29,831	-5,959	4,331	0	-7,700	0	-217,893
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	-10,000	10,000	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	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	3,465	627	76	85	505	218	90	237	390	474	420	296	272	206
cash flow from financing	3,465	627	76	85	505	218	-9,910	10,237	390	474	420	296	272	207
cash and cash equivalents
cash	-73,819	69,794	-84,558	66,100	-515	47,835	-32,350	9,473	-70,787	37,282	-15,499	65,110	-55,870	82,419
overdraft	0	0	-497	497	0	0	0	0	0	0	0	0	0	0
change in cash	-73,819	69,794	-84,061	65,603	-515	47,835	-32,350	9,473	-70,787	37,282	-15,499	65,110	-55,870	82,419

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for westwood care homes limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in NG19 area or any other competitors across 12 key performance metrics.

WESTWOOD CARE HOMES LIMITED group structure

Westwood Care Homes Limited has no subsidiary companies.

Ultimate parent company

MONARCH CARE GROUP LIMITED

10553577

1 parent

WESTWOOD CARE HOMES LIMITED

05517807

WESTWOOD CARE HOMES LIMITED Shareholders

monarch care group limited

100%

Westwood Care Homes Limited currently has 1 director, Ms Angela Bir serving since Jul 2005.

officer	country	age	start	end	role
Ms Angela Bir		62 years	Jul 2005	-	Director

P&L

March 2023

turnover

1.2m

+30%

operating profit

2.2k

gross margin

35.7%

+3.3%

turnover

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

Balance Sheet

March 2023

net assets

total assets

2.2m

+0.01%

cash

44.6k

-0.62%

net assets

Total assets minus all liabilities

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company number

05517807

Type

Private limited with Share Capital

industry

87100 - Residential nursing care activities

incorporation date

July 2005

accounts

Small Company

ultimate parent company

MONARCH CARE GROUP LIMITED

previous names

westward care homes limited (August 2005)

last accounts submitted

March 2023

address

c/o parkside nursing home, olive grove, mansfield, nottinghamshire, NG19 0AR

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 westwood care homes limited. Currently there are 0 open charges and 1 have been satisfied in the past.

westwood care homes limited Company Information

westwood care homes limited Estimated Valuation

westwood care homes limited Estimated Valuation

westwood care homes limited Estimated Valuation

Westwood Care Homes Limited Overview

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WESTWOOD CARE HOMES LIMITED financials

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westwood care homes limited directors

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