Care Homes 2 Limited

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care homes 2 limited Company Information

Company Number

05771783

Next Accounts

Sep 2025

Directors

Luke Roberts

Andrew Tackaberry

Shareholders

care homes holdings limited

Group Structure

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Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Registered Address

250 bishopsgate, london, EC2M 4AA

Website

ultimatecarehomes.com

care homes 2 limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of CARE HOMES 2 LIMITED at £2.1m based on a Turnover of £1.6m and 1.33x industry multiple (adjusted for size and gross margin).

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Care Homes 2 Limited is a live company located in london, EC2M 4AA with a Companies House number of 05771783. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2006, it's largest shareholder is care homes holdings limited with a 100% stake. Care Homes 2 Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Care Homes 2 Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

3 Regular

3 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£5.5m)

Growth

3 year (CAGR) sales growth of -49%, show it is growing at a slower rate (4.9%)

EXPORT

Care Homes 2 Limited's latest turnover from December 2023 is £1.6 million and the company has net assets of £705.2 thousand. According to their latest financial statements, we estimate that Care Homes 2 Limited has 8 employees and maintains cash reserves of £705.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	1,573,952	11,684,192	11,978,275	12,191,664	12,450,013	12,428,183	12,909,684	13,094,283	13,200,634	13,336,826	13,467,135	3,266,663	3,023,515	2,517,092	6,542,403
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	724,979	5,170,754	5,074,136	5,293,403	5,380,022	5,302,638	5,437,969	5,070,358	4,653,933	5,054,835	5,260,455	1,359,351	1,320,662	1,160,959	0
Gross Profit	848,973	6,513,438	6,904,139	6,898,261	7,069,991	7,125,545	7,471,715	8,023,925	8,546,701	8,281,991	8,206,680	1,907,312	1,702,853	1,356,133	0
Admin Expenses	715,391	6,874,847	7,155,820	7,180,213	7,090,859	7,404,765	7,454,330	7,969,340	8,559,331	8,117,959	7,908,972	1,442,405	1,125,824	640,260	-734,704
Operating Profit	133,582	-361,409	-251,681	-281,952	-20,868	-279,220	17,385	54,585	-12,630	164,032	297,708	464,907	577,029	715,873	734,704
Interest Payable	0	0	0	0	0	12,680,480	0	0	0	16,232,265	0	13,110,149	13,117,736	13,049,025	13,138,969
Interest Receivable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	308,042	-277,602	361,101	-1,145,267	-20,868	-279,220	17,385	54,585	-12,630	164,032	297,708	464,907	577,029	715,873	734,704
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	308,042	-277,602	361,101	-1,145,267	-20,868	-279,220	17,385	54,585	-12,630	164,032	297,708	464,907	577,029	715,873	734,704
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	308,042	-277,602	361,101	-1,145,267	-20,868	-279,220	17,385	54,585	-12,630	164,032	297,708	464,907	577,029	715,873	734,704
Employee Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	831,601	0
Number Of Employees	8	54	55	59	60	60	64	68	69	67	67	16	15	14	0
EBITDA*	133,582	-361,409	-251,681	-281,952	-20,868	-279,220	17,385	54,585	-12,630	164,032	297,708	464,907	577,029	715,873	734,704

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	0	0	0	0	0	0	0	0	0	0	0	0	68,051,713	31,083,925	14,541,389
Intangible Assets	0	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	22,050,624	0	68,051,713	31,083,925	14,541,389
Debtors (Due After 1 year)	0	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	22,050,624	0	68,051,713	31,083,925	14,541,389
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group Debtors	0	270,682,382	271,943,793	275,106,005	280,471,678	284,121,763	287,208,213	290,662,749	294,086,270	0	299,904,908	303,118,121	305,965,635	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	45,242,021	0	0	0	0
Cash	705,190	45,086	43,446	820	817	855	852	1,220	1,220	1,202	1,210	1,211	5,749	308,477,593	310,819,422
misc current assets	0	2,202,094	15,412,495	30,866,595	35,872,208	41,029,401	54,163,893	65,930,185	58,051,006	363,832,796	0	78,359,230	0	0	0
total current assets	705,190	272,929,562	287,399,734	305,973,420	316,344,703	325,152,019	341,372,958	356,594,154	352,138,496	363,833,998	345,148,139	381,478,562	305,971,384	308,477,593	310,819,422
total assets	705,190	272,929,562	287,399,734	305,973,420	316,344,703	325,152,019	341,372,958	356,594,154	352,138,496	363,833,998	367,198,763	381,478,562	374,023,097	339,561,518	325,360,811
Bank overdraft	0	0	0	0	0	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	0
Trade Creditors	0	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	0
other short term finances	0	267,167,062	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	0
other current liabilities	0	4,871,020	4,910,230	4,675,234	4,671,345	4,733,005	14,213,381	16,516,266	10,747,463	12,465,370	8,134,249	3,452	3,452	132,161	83,377
total current liabilities	0	272,038,082	4,910,230	4,675,234	4,671,345	4,733,005	14,213,381	16,516,266	10,747,463	12,465,370	8,134,249	3,452	3,452	132,161	83,377
loans	0	0	271,360,032	275,371,599	279,209,612	282,865,691	286,377,796	289,736,093	293,519,268	593,225,208	315,658,153	302,880,091	306,022,441	309,157,188	312,360,663
hp & lease commitments	0	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	6,138,852	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	1,986,397	4,866,458	5,425,845	6,853,973	0	0	0	0	0	34,114,618	32,333,048	14,650,308	5,735,394
total long term liabilities	0	0	273,346,429	280,238,057	284,635,457	289,719,664	286,377,796	289,736,093	293,519,268	296,612,604	321,797,005	319,937,400	322,188,965	316,482,342	315,228,360
total liabilities	0	272,038,082	278,256,659	284,913,291	289,306,802	294,452,669	300,591,177	306,252,359	304,266,731	309,077,974	329,931,254	319,940,852	322,192,417	316,614,503	315,311,737
net assets	705,190	891,480	9,143,075	21,060,129	27,037,901	30,699,350	40,781,781	50,341,795	47,871,765	54,756,024	37,267,509	61,537,710	51,830,680	22,947,015	10,049,074
total shareholders funds	705,190	891,480	9,143,075	21,060,129	27,037,901	30,699,350	40,781,781	50,341,795	47,871,765	54,756,024	37,267,509	61,537,710	51,830,680	22,947,015	10,049,074

	Dec 2023	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	133,582	-361,409	-251,681	-281,952	-20,868	-279,220	17,385	54,585	-12,630	164,032	297,708	464,907	577,029	715,873	734,704
Depreciation	0	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	0
Tax	0	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	0
Debtors	-270,682,382	-1,261,411	-3,162,212	-5,365,673	-3,650,085	-3,086,450	-3,454,536	-3,423,521	294,086,270	-345,146,929	42,028,808	-2,847,514	305,965,635	0	0
Creditors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	-4,871,020	-39,210	234,996	3,889	-61,660	-9,480,376	-2,302,885	5,768,803	-1,717,907	-1,807,731	14,269,649	0	-128,709	48,784	83,377
Deferred Taxes & Provisions	0	-1,986,397	-2,880,061	-559,387	-1,428,128	6,853,973	0	0	0	0	-34,114,618	1,781,570	17,682,740	8,914,914	5,735,394
Cash flow from operations	265,944,944	-1,125,605	265,466	4,528,223	2,139,429	180,827	1,169,036	9,246,909	-295,816,807	343,503,230	-61,576,069	5,093,991	-287,834,575	9,679,571	6,553,475
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	68,051,713	-36,967,788	-16,542,536	-14,541,389
Change in Investments	0	0	0	0	0	0	0	0	0	-22,050,624	22,050,624	-68,051,713	36,967,788	16,542,536	14,541,389
cash flow from investments	0	0	0	0	0	0	0	0	0	22,050,624	-22,050,624	136,103,426	-73,935,576	-33,085,072	-29,082,778
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	-267,167,062	267,167,062	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-271,360,032	-4,011,567	-3,838,013	-3,656,079	-3,512,105	-3,358,297	-3,783,175	-299,705,940	277,567,055	12,778,062	-3,142,350	-3,134,747	-3,203,475	312,360,663
Hire Purchase and Lease Commitments	0	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	0
share issue	-494,332	-7,973,993	-12,278,155	-4,832,505	-3,640,581	-9,803,211	-9,577,399	2,415,445	-6,871,629	17,324,483	-24,567,909	9,242,123	28,306,636	12,182,068	9,314,370
interest	0	0	0	0	0	-12,680,480	0	0	0	-16,232,265	0	-13,110,149	-13,117,736	-13,049,025	-13,138,969
cash flow from financing	-267,661,394	-12,166,963	-16,289,722	-8,670,518	-7,296,660	-25,995,796	-12,935,696	-1,367,730	-306,577,569	278,659,273	-11,789,847	-7,010,376	12,054,153	-4,070,432	308,536,064
cash and cash equivalents
cash	660,104	1,640	42,626	3	-38	3	-368	0	18	-8	-1	-4,538	-308,471,844	-2,341,829	310,819,422
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	660,104	1,640	42,626	3	-38	3	-368	0	18	-8	-1	-4,538	-308,471,844	-2,341,829	310,819,422

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CARE HOMES 2 LIMITED group structure

Care Homes 2 Limited has no subsidiary companies.

Ultimate parent company

NATWEST GROUP PLC

SC045551

CARE HOMES HOLDINGS LIMITED

05771793

2 parents

CARE HOMES 2 LIMITED

05771783

CARE HOMES 2 LIMITED Shareholders

care homes holdings limited

100%

Care Homes 2 Limited currently has 2 directors. The longest serving directors include Mr Luke Roberts (Apr 2017) and Mr Andrew Tackaberry (May 2024).

officer	country	age	start	end	role
Mr Luke Roberts		45 years	Apr 2017	-	Director
Mr Andrew Tackaberry	England	58 years	May 2024	-	Director

P&L

December 2023

turnover

1.6m

-87%

operating profit

133.6k

-137%

gross margin

54%

-3.24%

turnover

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

Balance Sheet

December 2023

net assets

705.2k

-0.21%

total assets

705.2k

-1%

cash

705.2k

+14.64%

net assets

Total assets minus all liabilities

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company number

05771783

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

April 2006

ultimate parent company

NATWEST GROUP PLC

previous names

benchdrift limited (June 2006)

address

250 bishopsgate, london, EC2M 4AA

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 care homes 2 limited. Currently there are 0 open charges and 1 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.

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care homes 2 limited Company Information

care homes 2 limited Estimated Valuation

care homes 2 limited Estimated Valuation

care homes 2 limited Estimated Valuation

Care Homes 2 Limited Overview

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CARE HOMES 2 LIMITED financials

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care homes 2 limited Companies House Filings - See Documents