cream ii limited
cream ii limited Company Information
Company Number
05802136
Website
www.creamcare.co.ukRegistered Address
osborne house, trull road, taunton, TA1 4PX
Industry
Residential nursing care activities
Telephone
01823252185
Next Accounts Due
January 2025
Group Structure
View All
Directors
Martin Reed18 Years
Shareholders
ccg enterprises limited 100%
cream ii limited Estimated Valuation
Pomanda estimates the enterprise value of CREAM II LIMITED at £1.8m based on a Turnover of £2.1m and 0.86x industry multiple (adjusted for size and gross margin).
cream ii limited Estimated Valuation
Pomanda estimates the enterprise value of CREAM II LIMITED at £339.5k based on an EBITDA of £62.9k and a 5.4x industry multiple (adjusted for size and gross margin).
cream ii limited Estimated Valuation
Pomanda estimates the enterprise value of CREAM II LIMITED at £4.4m based on Net Assets of £1.6m and 2.73x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cream Ii Limited Overview
Cream Ii Limited is a live company located in taunton, TA1 4PX with a Companies House number of 05802136. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in May 2006, it's largest shareholder is ccg enterprises limited with a 100% stake. Cream Ii Limited is a established, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.
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Cream Ii Limited Health Check
Pomanda's financial health check has awarded Cream Ii Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£4.5m)
- Cream Ii Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (5.6%)
- Cream Ii Limited
5.6% - Industry AVG
Production
with a gross margin of 36.1%, this company has a comparable cost of product (36.1%)
- Cream Ii Limited
36.1% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (13.9%)
- Cream Ii Limited
13.9% - Industry AVG
Employees
with 68 employees, this is below the industry average (113)
68 - Cream Ii Limited
113 - Industry AVG
Pay Structure
on an average salary of £22.3k, the company has an equivalent pay structure (£22.3k)
- Cream Ii Limited
£22.3k - Industry AVG
Efficiency
resulting in sales per employee of £31k, this is less efficient (£40.8k)
- Cream Ii Limited
£40.8k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is near the average (20 days)
- Cream Ii Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (18 days)
- Cream Ii Limited
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cream Ii Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (10 weeks)
21 weeks - Cream Ii Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.3%, this is a lower level of debt than the average (55.8%)
12.3% - Cream Ii Limited
55.8% - Industry AVG
CREAM II LIMITED financials
Cream Ii Limited's latest turnover from April 2023 is estimated at £2.1 million and the company has net assets of £1.6 million. According to their latest financial statements, Cream Ii Limited has 68 employees and maintains cash reserves of £91.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,618,254 | 1,692,845 | 1,578,320 | 1,616,870 | 1,535,674 | 1,492,764 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 1,037,352 | 1,076,753 | 921,984 | 997,295 | 964,395 | |||||||||
| Gross Profit | 580,902 | 616,092 | 656,336 | 619,575 | 571,279 | |||||||||
| Admin Expenses | 347,906 | 146,292 | 287,055 | 339,629 | 281,120 | |||||||||
| Operating Profit | 232,996 | 469,800 | 369,281 | 279,946 | 290,159 | 217,032 | ||||||||
| Interest Payable | 81,981 | 106,822 | 109,051 | 121,826 | 102,944 | 124,806 | ||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 1,718 | 0 | ||||||||
| Pre-Tax Profit | 151,015 | 362,978 | 260,230 | 158,120 | 188,933 | -10,774 | ||||||||
| Tax | -30,659 | -80,600 | 0 | 0 | 0 | 0 | ||||||||
| Profit After Tax | 120,356 | 282,378 | 260,230 | 158,120 | 188,933 | -10,774 | ||||||||
| Dividends Paid | 100,000 | 1,100,000 | 0 | 0 | 0 | 0 | ||||||||
| Retained Profit | 20,356 | -817,622 | 260,230 | 158,120 | 188,933 | -10,774 | ||||||||
| Employee Costs | 1,015,034 | 1,046,931 | 884,877 | 888,873 | 841,983 | 853,585 | ||||||||
| Number Of Employees | 68 | 73 | 69 | 63 | 62 | 64 | 58 | 53 | 51 | 51 | ||||
| EBITDA* | 238,645 | 491,711 | 395,753 | 319,460 | 318,301 | 253,466 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 46,594 | 54,186 | 66,224 | 72,671 | 120,500 | 115,770 | 129,534 | 116,494 | 127,959 | 3,970,381 | 3,912,497 | 3,820,103 | 3,833,949 | 3,854,011 |
| 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 | 677,851 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 46,594 | 54,186 | 66,224 | 72,671 | 120,500 | 115,770 | 129,534 | 116,494 | 127,959 | 4,648,232 | 3,912,497 | 3,820,103 | 3,833,949 | 3,854,011 |
| Stock & work in progress | 0 | 0 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,256 | 1,256 | 1,359 | 1,140 | 890 | 850 | 1,000 |
| Trade Debtors | 103,503 | 96,757 | 103,808 | 3,797,012 | 84,779 | 92,394 | 83,343 | 51,548 | 101,559 | 104,485 | 105,527 | 41,204 | 35,613 | 659,852 |
| Group Debtors | 1,264,606 | 1,374,792 | 1,402,985 | 0 | 3,616,522 | 3,703,779 | 3,337,473 | 3,370,418 | 3,381,914 | 0 | 189,277 | 239,803 | 247,315 | 0 |
| Misc Debtors | 315,990 | 68,405 | 83,787 | 0 | 21,966 | 19,896 | 443,396 | 445,495 | 448,773 | 113,135 | 460,615 | 230,723 | 14,459 | 3,963 |
| Cash | 91,222 | 224,371 | 224,683 | 97,278 | 589 | 931 | 866 | 1,341 | 1,004 | 1,253 | 1,418 | 1,078 | 57,185 | 21,792 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,775,321 | 1,764,325 | 1,817,260 | 3,896,287 | 3,725,853 | 3,818,997 | 3,867,075 | 3,870,058 | 3,934,506 | 220,232 | 757,977 | 513,698 | 355,422 | 686,607 |
| total assets | 1,821,915 | 1,818,511 | 1,883,484 | 3,968,958 | 3,846,353 | 3,934,767 | 3,996,609 | 3,986,552 | 4,062,465 | 4,868,464 | 4,670,474 | 4,333,801 | 4,189,371 | 4,540,618 |
| Bank overdraft | 0 | 0 | 0 | 0 | 23,727 | 63,783 | 30,877 | 47,847 | 43,607 | 12,284 | 38,664 | 18,532 | 49,521 | 143,590 |
| Bank loan | 0 | 0 | 0 | 0 | 107,916 | 105,633 | 103,279 | 76,055 | 108,355 | 105,095 | 136,111 | 22,685 | 0 | 0 |
| Trade Creditors | 35,775 | 52,260 | 21,061 | 2,230,316 | 17,051 | 18,422 | 17,825 | 21,512 | 21,968 | 22,093 | 60,195 | 22,120 | 20,054 | 169,728 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 995 | 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 | 12,382 | 6,868 | 12,746 | 3,600 | 6,127 | 6,156 | 5,799 | 9,014 | 16,173 | 0 |
| other current liabilities | 183,110 | 209,721 | 342,040 | 0 | 231,389 | 216,704 | 235,562 | 169,830 | 235,499 | 168,119 | 155,625 | 109,523 | 108,203 | 0 |
| total current liabilities | 218,885 | 261,981 | 363,101 | 2,230,316 | 392,465 | 411,410 | 400,289 | 318,844 | 416,551 | 313,747 | 396,394 | 181,874 | 193,951 | 313,318 |
| loans | 0 | 0 | 0 | 0 | 1,988,434 | 2,096,349 | 2,201,982 | 2,305,261 | 2,300,223 | 2,408,577 | 2,386,431 | 2,427,315 | 2,449,999 | 2,082,051 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 2,266 | 5,134 | 9,417 | 3,743 | 7,343 | 2,670 | 8,826 | 3,909 | 13,651 | 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 | 602,705 |
| provisions | 4,800 | 4,800 | 6,700 | 7,600 | 9,000 | 13,000 | 14,000 | 12,500 | 12,500 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,800 | 4,800 | 6,700 | 7,600 | 1,999,700 | 2,114,483 | 2,225,399 | 2,321,504 | 2,320,066 | 2,411,247 | 2,395,257 | 2,431,224 | 2,463,650 | 2,684,756 |
| total liabilities | 223,685 | 266,781 | 369,801 | 2,237,916 | 2,392,165 | 2,525,893 | 2,625,688 | 2,640,348 | 2,736,617 | 2,724,994 | 2,791,651 | 2,613,098 | 2,657,601 | 2,998,074 |
| net assets | 1,598,230 | 1,551,730 | 1,513,683 | 1,731,042 | 1,454,188 | 1,408,874 | 1,370,921 | 1,346,204 | 1,325,848 | 2,143,470 | 1,878,823 | 1,720,703 | 1,531,770 | 1,542,544 |
| total shareholders funds | 1,598,230 | 1,551,730 | 1,513,683 | 1,731,042 | 1,454,188 | 1,408,874 | 1,370,921 | 1,346,204 | 1,325,848 | 2,143,470 | 1,878,823 | 1,720,703 | 1,531,770 | 1,542,544 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 232,996 | 469,800 | 369,281 | 279,946 | 290,159 | 217,032 | ||||||||
| Depreciation | 7,592 | 9,112 | 10,602 | 20,996 | 24,661 | 22,264 | 20,744 | 5,649 | 21,911 | 26,472 | 39,514 | 28,142 | 36,434 | 57,562 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -30,659 | -80,600 | 0 | 0 | 0 | 0 | ||||||||
| Stock | 0 | -1,997 | 0 | 0 | 0 | 0 | 741 | 0 | -103 | 219 | 250 | 40 | -150 | 1,000 |
| Debtors | 144,145 | -50,626 | -2,206,432 | 73,745 | -92,802 | -48,143 | -3,249 | -64,785 | 3,036,775 | 140,052 | 243,689 | 214,343 | -366,428 | 663,815 |
| Creditors | -16,485 | 31,199 | -2,209,255 | 2,213,265 | -1,371 | 597 | -3,687 | -456 | -125 | -38,102 | 38,075 | 2,066 | -149,674 | 169,728 |
| Accruals and Deferred Income | -26,611 | -132,319 | 342,040 | -231,389 | 14,685 | -18,858 | 65,732 | -65,669 | 67,380 | 12,494 | 46,102 | 1,320 | 108,203 | 0 |
| Deferred Taxes & Provisions | 0 | -1,900 | -900 | -1,400 | -4,000 | -1,000 | 1,500 | 0 | 12,500 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 206,646 | -2,545,806 | 229,874 | 159,698 | 107,304 | 578,573 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -135,261 | -13,484 | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -135,261 | -13,484 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | -107,916 | 2,283 | 2,354 | 27,224 | -32,300 | 3,260 | -31,016 | 113,426 | 22,685 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -995 | 995 | 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 | -1,988,434 | -107,915 | -105,633 | -103,279 | 5,038 | -108,354 | 22,146 | -40,884 | -22,684 | 367,948 | 2,082,051 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | -14,648 | 2,646 | -10,161 | 14,820 | -6,127 | 4,644 | -5,799 | 1,702 | -16,901 | 29,824 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -602,705 | 602,705 |
| share issue | ||||||||||||||
| interest | -81,981 | -106,822 | -109,051 | -121,826 | -101,226 | -124,806 | ||||||||
| cash flow from financing | -116,365 | -206,277 | -119,303 | -47,582 | -118,126 | -329,739 | ||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -133,149 | -312 | 127,405 | 96,689 | -342 | 65 | -475 | 337 | -249 | -165 | 340 | -56,107 | 35,393 | 21,792 |
| overdraft | 0 | 0 | 0 | -23,727 | -40,056 | 32,906 | -16,970 | 4,240 | 31,323 | -26,380 | 20,132 | -30,989 | -94,069 | 143,590 |
| change in cash | -133,149 | -312 | 127,405 | 120,416 | 39,714 | -32,841 | 16,495 | -3,903 | -31,572 | 26,215 | -19,792 | -25,118 | 129,462 | -121,798 |
cream ii limited Credit Report and Business Information
Cream Ii Limited Competitor Analysis
Perform a competitor analysis for cream ii limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in TA1 area or any other competitors across 12 key performance metrics.
cream ii limited Ownership
CREAM II LIMITED group structure
Cream Ii Limited has no subsidiary companies.
Ultimate parent company
2 parents
CREAM II LIMITED
05802136
cream ii limited directors
Cream Ii Limited currently has 1 director, Mr Martin Reed serving since May 2006.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Reed | United Kingdom | 61 years | May 2006 | - | Director |
P&L
April 2023turnover
2.1m
0%
operating profit
55.3k
0%
gross margin
36.1%
+4.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
1.6m
+0.03%
total assets
1.8m
0%
cash
91.2k
-0.59%
net assets
Total assets minus all liabilities
cream ii limited company details
company number
05802136
Type
Private limited with Share Capital
industry
87100 - Residential nursing care activities
incorporation date
May 2006
age
18
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
April 2023
previous names
N/A
accountant
MARK HOLT & CO LIMITED
auditor
-
address
osborne house, trull road, taunton, TA1 4PX
Bank
-
Legal Advisor
-
cream ii 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 4 charges/mortgages relating to cream ii limited. Currently there are 0 open charges and 4 have been satisfied in the past.
cream ii limited Companies House Filings - See Documents
| date | description | view/download |
|---|
