northgate healthcare limited
northgate healthcare limited Company Information
Company Number
05773858
Next Accounts
Sep 2025
Industry
Residential care activities for the elderly and disabled
Shareholders
northgate healthcare holdings ltd
Group Structure
View All
Contact
Registered Address
white gables, cross lane head, bridgnorth, shropshire, WV16 4SJ
northgate healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHGATE HEALTHCARE LIMITED at £11.9m based on a Turnover of £11.7m and 1.02x industry multiple (adjusted for size and gross margin).
northgate healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHGATE HEALTHCARE LIMITED at £18.8m based on an EBITDA of £2.6m and a 7.36x industry multiple (adjusted for size and gross margin).
northgate healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHGATE HEALTHCARE LIMITED at £23.5m based on Net Assets of £7.9m and 2.99x industry multiple (adjusted for liquidity).
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Northgate Healthcare Limited Overview
Northgate Healthcare Limited is a live company located in shropshire, WV16 4SJ with a Companies House number of 05773858. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in April 2006, it's largest shareholder is northgate healthcare holdings ltd with a 100% stake. Northgate Healthcare Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.7m with high growth in recent years.
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Northgate Healthcare Limited Health Check
Pomanda's financial health check has awarded Northgate Healthcare Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £11.7m, make it larger than the average company (£2.7m)
£11.7m - Northgate Healthcare Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.2%)
16% - Northgate Healthcare Limited
6.2% - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.7%)
38.1% - Northgate Healthcare Limited
38.7% - Industry AVG
Profitability
an operating margin of 20.3% make it more profitable than the average company (10.8%)
20.3% - Northgate Healthcare Limited
10.8% - Industry AVG
Employees
with 342 employees, this is above the industry average (63)
342 - Northgate Healthcare Limited
63 - Industry AVG
Pay Structure
on an average salary of £19.9k, the company has an equivalent pay structure (£24k)
£19.9k - Northgate Healthcare Limited
£24k - Industry AVG
Efficiency
resulting in sales per employee of £34.1k, this is less efficient (£41.6k)
£34.1k - Northgate Healthcare Limited
£41.6k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is later than average (16 days)
31 days - Northgate Healthcare Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (16 days)
14 days - Northgate Healthcare Limited
16 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is more than average (0 days)
1 days - Northgate Healthcare Limited
0 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is average cash available to meet short term requirements (36 weeks)
35 weeks - Northgate Healthcare Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.3%, this is a higher level of debt than the average (44.7%)
58.3% - Northgate Healthcare Limited
44.7% - Industry AVG
NORTHGATE HEALTHCARE LIMITED financials
Northgate Healthcare Limited's latest turnover from December 2023 is £11.7 million and the company has net assets of £7.9 million. According to their latest financial statements, Northgate Healthcare Limited has 342 employees and maintains cash reserves of £1.5 million 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 | 11,651,744 | 9,624,243 | 8,201,091 | 7,491,519 | 7,354,140 | 5,916,081 | 5,047,701 | 4,133,379 | 3,327,687 | 2,220,231 | 2,089,227 | 2,101,740 | 1,748,982 | 894,990 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 7,215,979 | 6,647,298 | 5,834,190 | 5,611,195 | 4,851,269 | 4,043,725 | 3,226,054 | 2,646,597 | 2,148,522 | 1,198,288 | 1,128,426 | 1,047,924 | 974,885 | ||
| Gross Profit | 4,435,765 | 2,976,945 | 2,366,901 | 1,880,324 | 2,502,871 | 1,872,356 | 1,821,647 | 1,486,782 | 1,179,165 | 1,021,943 | 960,801 | 1,053,816 | 774,097 | ||
| Admin Expenses | 2,064,830 | 1,682,660 | 1,222,070 | 1,535,181 | 1,296,150 | 1,144,932 | 871,047 | 866,763 | 836,142 | 428,904 | 477,538 | 431,834 | 437,105 | ||
| Operating Profit | 2,370,935 | 1,294,285 | 1,144,831 | 345,143 | 1,206,721 | 727,424 | 950,600 | 620,019 | 343,023 | 593,039 | 483,263 | 621,982 | 336,992 | 50,192 | |
| Interest Payable | 519,951 | 262,456 | 198,970 | 208,880 | 266,038 | 249,730 | 172,555 | 168,907 | 180,416 | 120,930 | 116,381 | 122,160 | 130,649 | 39,131 | |
| Interest Receivable | 8,672 | 0 | 0 | 0 | 0 | 0 | 741 | 209 | 31 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 1,859,656 | 1,031,829 | 945,861 | 136,263 | 940,683 | 477,694 | 778,786 | 451,321 | 162,638 | 472,109 | 366,882 | 499,822 | 206,343 | 11,061 | |
| Tax | -449,839 | -358,878 | -174,944 | -30,550 | -226,279 | -71,027 | -144,316 | -85,543 | 37,662 | -83,898 | -67,969 | -111,223 | -62,185 | -1,766 | |
| Profit After Tax | 1,409,817 | 672,951 | 770,917 | 105,713 | 714,404 | 406,667 | 634,470 | 365,778 | 200,300 | 388,211 | 298,913 | 388,599 | 144,158 | 9,295 | |
| Dividends Paid | 565,936 | 467,300 | 444,435 | 308,185 | 291,783 | 243,000 | 198,000 | 198,000 | 243,000 | 81,200 | 98,900 | 90,000 | 58,500 | 96,833 | |
| Retained Profit | 843,881 | 205,651 | 326,482 | -202,472 | 422,621 | 163,667 | 436,470 | 167,778 | -42,700 | 307,011 | 200,013 | 298,599 | 85,658 | -87,538 | |
| Employee Costs | 6,817,372 | 6,321,346 | 5,662,175 | 5,355,172 | 4,595,124 | 3,837,425 | 3,063,131 | 2,487,048 | 2,021,039 | 1,111,931 | 1,050,363 | 980,958 | 909,679 | 521,114 | |
| Number Of Employees | 342 | 327 | 319 | 326 | 286 | 261 | 247 | 172 | 164 | 101 | 97 | 93 | 86 | 65 | |
| EBITDA* | 2,560,832 | 1,431,605 | 1,283,927 | 1,030,193 | 1,359,431 | 880,362 | 1,101,455 | 747,095 | 457,387 | 663,220 | 553,233 | 692,148 | 406,727 | 93,076 |
* 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 | 16,181,757 | 15,929,813 | 13,914,670 | 13,818,918 | 13,804,264 | 13,791,582 | 13,724,414 | 10,960,712 | 8,415,293 | 6,343,541 | 5,568,721 | 4,572,991 | 4,544,221 | 4,480,851 | 740,004 |
| Intangible Assets | 81,153 | 130,306 | 179,460 | 228,613 | 839,067 | 913,893 | 988,721 | 903,546 | 970,372 | 705,665 | 755,915 | 806,166 | 856,416 | 894,373 | 378,250 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 16,262,910 | 16,060,119 | 14,094,130 | 14,047,531 | 14,643,331 | 14,705,475 | 14,713,135 | 11,864,258 | 9,385,665 | 7,049,206 | 6,324,636 | 5,379,157 | 5,400,637 | 5,375,224 | 1,118,254 |
| Stock & work in progress | 27,899 | 25,544 | 23,392 | 21,108 | 20,103 | 14,342 | 11,550 | 6,700 | 10,000 | 2,200 | 2,200 | 2,000 | 2,000 | 2,000 | 560 |
| Trade Debtors | 1,018,076 | 839,205 | 629,216 | 486,288 | 537,197 | 618,553 | 473,054 | 138,380 | 119,181 | 116,130 | 70,493 | 19,407 | 30,192 | 61,726 | 10,705 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 26,791 | 40,627 | 53,852 | 73,834 | 25,317 | 2,582 | 2,755 | 38,051 | 37,630 | 247,873 | 36,446 | 31,335 | 23,467 | 42,807 | 0 |
| Cash | 1,520,316 | 1,089,544 | 1,039,370 | 1,154,638 | 743,513 | 387,157 | 509,219 | 233,007 | 157,507 | 76,450 | 235,778 | 138,092 | 42,347 | 902 | 50,419 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 35,086 | 46,438 | 3,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,593,082 | 1,994,920 | 1,745,830 | 1,735,868 | 1,326,130 | 1,057,720 | 1,043,016 | 420,137 | 324,318 | 442,653 | 344,917 | 190,834 | 98,006 | 107,435 | 61,684 |
| total assets | 18,855,992 | 18,055,039 | 15,839,960 | 15,783,399 | 15,969,461 | 15,763,195 | 15,756,151 | 12,284,395 | 9,709,983 | 7,491,859 | 6,669,553 | 5,569,991 | 5,498,643 | 5,482,659 | 1,179,938 |
| Bank overdraft | 395,497 | 453,609 | 0 | 0 | 0 | 42,847 | 0 | 0 | 0 | 0 | 0 | 210,532 | 166,234 | 199,931 | 0 |
| Bank loan | 0 | 0 | 444,221 | 324,979 | 370,480 | 370,480 | 285,212 | 268,109 | 0 | 0 | 0 | 0 | 132,781 | 52,633 | 0 |
| Trade Creditors | 290,915 | 298,678 | 176,986 | 280,722 | 278,856 | 227,758 | 248,431 | 115,761 | 77,662 | 176,890 | 25,277 | 26,276 | 33,141 | 27,798 | 64,258 |
| Group/Directors Accounts | 14,387 | 7,342 | 7,880 | 30,758 | 83,005 | 134,117 | 178,192 | 270,621 | 276,180 | 145,906 | 60,739 | 94,750 | 4,160 | 17,889 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 30,693 | 4,608 | 4,608 | 0 | 0 | 7,585 | 2,865 | 2,707 | 2,728 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,468,210 | 1,346,913 | 1,095,818 | 949,093 | 984,696 | 848,833 | 748,058 | 258,965 | 239,213 | 279,335 | 167,576 | 135,151 | 121,055 | 210,032 | 0 |
| total current liabilities | 2,199,702 | 2,111,150 | 1,729,513 | 1,585,552 | 1,717,037 | 1,631,620 | 1,462,758 | 916,163 | 595,783 | 602,131 | 253,592 | 466,709 | 457,371 | 508,283 | 64,258 |
| loans | 6,662,804 | 7,000,189 | 7,463,186 | 7,914,699 | 7,788,300 | 8,158,325 | 8,495,076 | 6,056,891 | 6,325,000 | 4,105,175 | 3,950,000 | 3,824,046 | 4,135,920 | 4,216,867 | 687,152 |
| hp & lease commitments | 158,762 | 4,992 | 9,600 | 0 | 0 | 0 | 7,585 | 10,450 | 12,985 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 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 | 271,078 |
| provisions | 1,975,598 | 1,923,463 | 1,077,944 | 1,049,913 | 1,028,417 | 900,084 | 911,273 | 886,522 | 529,155 | 197,330 | 185,749 | 178,620 | 103,335 | 41,150 | 26,542 |
| total long term liabilities | 8,797,164 | 8,928,644 | 8,550,730 | 8,964,612 | 8,816,717 | 9,058,409 | 9,413,934 | 6,953,863 | 6,867,140 | 4,302,505 | 4,135,749 | 4,002,666 | 4,239,255 | 4,258,017 | 984,772 |
| total liabilities | 10,996,866 | 11,039,794 | 10,280,243 | 10,550,164 | 10,533,754 | 10,690,029 | 10,876,692 | 7,870,026 | 7,462,923 | 4,904,636 | 4,389,341 | 4,469,375 | 4,696,626 | 4,766,300 | 1,049,030 |
| net assets | 7,859,126 | 7,015,245 | 5,559,717 | 5,233,235 | 5,435,707 | 5,073,166 | 4,879,459 | 4,414,369 | 2,247,060 | 2,587,223 | 2,280,212 | 1,100,616 | 802,017 | 716,359 | 130,908 |
| total shareholders funds | 7,859,126 | 7,015,245 | 5,559,717 | 5,233,235 | 5,435,707 | 5,073,166 | 4,879,459 | 4,414,369 | 2,247,060 | 2,587,223 | 2,280,212 | 1,100,616 | 802,017 | 716,359 | 130,908 |
| 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 | 2,370,935 | 1,294,285 | 1,144,831 | 345,143 | 1,206,721 | 727,424 | 950,600 | 620,019 | 343,023 | 593,039 | 483,263 | 621,982 | 336,992 | 50,192 | |
| Depreciation | 140,744 | 88,167 | 89,943 | 81,266 | 77,884 | 78,110 | 76,029 | 60,250 | 48,163 | 19,931 | 19,719 | 19,916 | 19,277 | 11,509 | 4,812 |
| Amortisation | 49,153 | 49,153 | 49,153 | 603,784 | 74,826 | 74,828 | 74,826 | 66,826 | 66,201 | 50,250 | 50,251 | 50,250 | 50,458 | 31,375 | 22,250 |
| Tax | -449,839 | -358,878 | -174,944 | -30,550 | -226,279 | -71,027 | -144,316 | -85,543 | 37,662 | -83,898 | -67,969 | -111,223 | -62,185 | -1,766 | |
| Stock | 2,355 | 2,152 | 2,284 | 1,005 | 5,761 | 2,792 | 4,850 | -3,300 | 7,800 | 0 | 200 | 0 | 0 | 1,440 | 560 |
| Debtors | 165,035 | 196,764 | 122,946 | -2,392 | -58,621 | 145,326 | 299,378 | 19,620 | -207,192 | 257,064 | 56,197 | -2,917 | -50,874 | 93,828 | 10,705 |
| Creditors | -7,763 | 121,692 | -103,736 | 1,866 | 51,098 | -20,673 | 132,670 | 38,099 | -99,228 | 151,613 | -999 | -6,865 | 5,343 | -36,460 | 64,258 |
| Accruals and Deferred Income | 121,297 | 251,095 | 146,725 | -35,603 | 135,863 | 100,775 | 489,093 | 19,752 | -40,122 | 111,759 | 32,425 | 14,096 | -88,977 | 210,032 | 0 |
| Deferred Taxes & Provisions | 52,135 | 845,519 | 28,031 | 21,496 | 128,333 | -11,189 | 24,751 | 357,367 | 331,825 | 11,581 | 7,129 | 75,285 | 62,185 | 14,608 | 26,542 |
| Cash flow from operations | 2,109,272 | 2,092,117 | 1,054,773 | 988,789 | 1,501,306 | 730,130 | 1,299,425 | 1,060,450 | 886,916 | 597,211 | 467,422 | 666,358 | 373,967 | 184,222 | |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -145,278 | -2,999,003 | -334,273 | -2,451,448 | -794,751 | -35,866 | -48,686 | -223,565 | -3,494,448 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -145,278 | -2,999,003 | -334,273 | -2,451,448 | -794,751 | -35,866 | -48,686 | -223,565 | -3,494,448 | |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | -444,221 | 119,242 | -45,501 | 0 | 85,268 | 17,103 | 268,109 | 0 | 0 | 0 | -132,781 | 80,148 | 52,633 | 0 |
| Group/Directors Accounts | 7,045 | -538 | -22,878 | -52,247 | -51,112 | -44,075 | -92,429 | -5,559 | 130,274 | 85,167 | -34,011 | 90,590 | -13,729 | 17,889 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -337,385 | -462,997 | -451,513 | 126,399 | -370,025 | -336,751 | 2,438,185 | -268,109 | 2,219,825 | 155,175 | 125,954 | -311,874 | -80,947 | 3,529,715 | 687,152 |
| Hire Purchase and Lease Commitments | 179,855 | -4,608 | 14,208 | 0 | -7,585 | -2,865 | -2,707 | -2,556 | 15,713 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -271,078 | 271,078 |
| share issue | |||||||||||||||
| interest | -511,279 | -262,456 | -198,970 | -208,880 | -266,038 | -249,730 | -171,814 | -168,698 | -180,385 | -120,930 | -116,381 | -122,160 | -130,649 | -39,131 | |
| cash flow from financing | -661,764 | 75,057 | -539,911 | -180,229 | -754,840 | -518,113 | 2,216,958 | 1,822,718 | 1,887,964 | 119,412 | 955,145 | -476,225 | -145,177 | 3,963,017 | |
| cash and cash equivalents | |||||||||||||||
| cash | 430,772 | 50,174 | -115,268 | 411,125 | 356,356 | -122,062 | 276,212 | 75,500 | 81,057 | -159,328 | 97,686 | 95,745 | 41,445 | -49,517 | 50,419 |
| overdraft | -58,112 | 453,609 | 0 | 0 | -42,847 | 42,847 | 0 | 0 | 0 | 0 | -210,532 | 44,298 | -33,697 | 199,931 | 0 |
| change in cash | 488,884 | -403,435 | -115,268 | 411,125 | 399,203 | -164,909 | 276,212 | 75,500 | 81,057 | -159,328 | 308,218 | 51,447 | 75,142 | -249,448 | 50,419 |
northgate healthcare limited Credit Report and Business Information
Northgate Healthcare Limited Competitor Analysis
Perform a competitor analysis for northgate healthcare limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in WV16 area or any other competitors across 12 key performance metrics.
northgate healthcare limited Ownership
NORTHGATE HEALTHCARE LIMITED group structure
Northgate Healthcare Limited has no subsidiary companies.
Ultimate parent company
1 parent
NORTHGATE HEALTHCARE LIMITED
05773858
northgate healthcare limited directors
Northgate Healthcare Limited currently has 3 directors. The longest serving directors include Mr Keith Haines (Apr 2006) and Mr Mark Haines (Apr 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Keith Haines | 79 years | Apr 2006 | - | Director | |
| Mr Mark Haines | England | 46 years | Apr 2006 | - | Director |
| Mr Ashley Haines | England | 56 years | Apr 2006 | - | Director |
P&L
December 2023turnover
11.7m
+21%
operating profit
2.4m
+83%
gross margin
38.1%
+23.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.9m
+0.12%
total assets
18.9m
+0.04%
cash
1.5m
+0.4%
net assets
Total assets minus all liabilities
northgate healthcare limited company details
company number
05773858
Type
Private limited with Share Capital
industry
87300 - Residential care activities for the elderly and disabled
incorporation date
April 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BSS & CO (ACCOUNTANCY SERVICES) LIMITED
address
white gables, cross lane head, bridgnorth, shropshire, WV16 4SJ
Bank
-
Legal Advisor
-
northgate healthcare 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 9 charges/mortgages relating to northgate healthcare limited. Currently there are 5 open charges and 4 have been satisfied in the past.
northgate healthcare limited Capital Raised & Share Issues BETA
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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northgate healthcare limited Companies House Filings - See Documents
| date | description | view/download |
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