Creedy Number 1 Limited

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creedy number 1 limited Company Information

Company Number

06351389

Next Accounts

103 days late

Directors

Kanagaratnam Rajamenon

Shareholders

kanagaratnam rajamenon

Group Structure

View All

Industry

Residential nursing care activities

Registered Address

ramada hotel dover, singledge lane, dover, CT16 3EL

Website

saicarehomes.com

creedy number 1 limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of CREEDY NUMBER 1 LIMITED at £2.6m based on an EBITDA of £483.3k and a 5.31x industry multiple (adjusted for size and gross margin).

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Creedy Number 1 Limited is a live company located in dover, CT16 3EL with a Companies House number of 06351389. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in August 2007, it's largest shareholder is kanagaratnam rajamenon with a 100% stake. Creedy Number 1 Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Creedy Number 1 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

Health Rating3out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£4.4m)

Growth

3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (5%)

EXPORT

Creedy Number 1 Limited's latest turnover from March 2023 is estimated at £3.4 million and the company has net assets of £909.6 thousand. According to their latest financial statements, Creedy Number 1 Limited has 50 employees and maintains cash reserves of £3.5 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	3,412,463	2,456,192	1,517,377	1,278,733	1,423,901	1,736,103	1,599,870	1,307,951	1,346,350	1,470,649	1,270,035	867,806	1,005,719	1,200,245
Other Income Or Grants
Cost Of Sales	2,542,388	1,828,238	1,126,017	924,506	1,025,863	1,225,394	1,131,114	928,744	927,809	1,017,561	861,972	595,813	695,122	830,018
Gross Profit	870,075	627,953	391,361	354,227	398,038	510,710	468,756	379,208	418,541	453,089	408,063	271,993	310,597	370,227
Admin Expenses	386,728	342,537	200,484	99,000	171,833	425,105	633,097	513,643	413,349	411,806	394,638	264,919	294,741	363,079
Operating Profit	483,347	285,416	190,877	255,227	226,205	85,605	-164,341	-134,435	5,192	41,283	13,425	7,074	15,856	7,148
Interest Payable				55,292	61,332	142	101	403	933	1,047	607	525	329
Interest Receivable	1,365	508	38	1	8	6	3	3	3	4	2	4	34	30
Pre-Tax Profit	484,712	285,925	190,915	199,936	164,880	85,469	-164,439	-134,835	4,262	40,240	12,820	6,553	15,561	7,178
Tax	-92,095	-54,326	-36,274	-37,988	-31,327	-16,239			-895	-9,255	-3,077	-1,704	-4,357	-2,010
Profit After Tax	392,617	231,599	154,641	161,948	133,553	69,230	-164,439	-134,835	3,367	30,985	9,743	4,849	11,204	5,168
Dividends Paid
Retained Profit	392,617	231,599	154,641	161,948	133,553	69,230	-164,439	-134,835	3,367	30,985	9,743	4,849	11,204	5,168
Employee Costs	1,113,388	987,172	796,150	897,913	894,887	1,605,828	1,342,316	1,124,363	647,181	713,800	622,489	416,296	491,900	584,152
Number Of Employees	50	48	40	47	50	94	83	73	44	49	43	29	34	40
EBITDA*	483,347	285,416	190,877	255,227	226,205	85,605	-164,341	-134,435	5,192	41,283	18,678	12,898	21,358	7,816

* 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	109,181	20,657	20,657	20,657	20,657	1	1	1	1	1	1	5,254	11,078	816
Intangible Assets
Investments & Other	1,884,343	1,884,343	1,884,343	1,884,343	1,884,343
Debtors (Due After 1 year)
Total Fixed Assets	1,993,524	1,905,000	1,905,000	1,905,000	1,905,000	1	1	1	1	1	1	5,254	11,078	816
Stock & work in progress
Trade Debtors	635,609	387,905	194,050	105,069	169,291	124,150	74,154	91,023	134,007	134,534	112,199	75,207	84,835	89,867
Group Debtors
Misc Debtors								2,612	5,831	5,772	6,332	6,532
Cash	3,532	60,725	74,838	240	1,717	304	2,153	622	557	803	624	267	1,308	12,098
misc current assets								603
total current assets	639,141	448,630	268,888	105,309	171,008	124,454	76,307	94,860	140,395	141,109	119,155	82,006	86,143	101,965
total assets	2,632,665	2,353,630	2,173,888	2,010,309	2,076,008	124,455	76,308	94,861	140,396	141,110	119,156	87,260	97,221	102,781
Bank overdraft						4,380		3,246	9,161	19,559	12,649	6,039	10,110
Bank loan
Trade Creditors	126,523	96,880	94,847	150,195	59,275	44,046	310,264	73,659	43,995	35,524	47,012	37,834	45,767	97,611
Group/Directors Accounts					165,745	226,466		73,408
other short term finances
hp & lease commitments
other current liabilities					69,301	14,289		14,065	21,922	24,076	28,529	22,164	24,970
total current liabilities	126,523	96,880	94,847	150,195	294,321	289,181	310,264	164,378	75,078	79,159	88,190	66,037	80,847	97,611
loans					1,812,860
hp & lease commitments
Accruals and Deferred Income
other liabilities	1,596,510	1,739,735	1,793,625	1,729,339
provisions
total long term liabilities	1,596,510	1,739,735	1,793,625	1,729,339	1,812,860
total liabilities	1,723,033	1,836,615	1,888,472	1,879,534	2,107,181	289,181	310,264	164,378	75,078	79,159	88,190	66,037	80,847	97,611
net assets	909,632	517,015	285,416	130,775	-31,173	-164,726	-233,956	-69,517	65,318	61,951	30,966	21,223	16,374	5,170
total shareholders funds	909,632	517,015	285,416	130,775	-31,173	-164,726	-233,956	-69,517	65,318	61,951	30,966	21,223	16,374	5,170

	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	483,347	285,416	190,877	255,227	226,205	85,605	-164,341	-134,435	5,192	41,283	13,425	7,074	15,856	7,148
Depreciation											5,253	5,824	5,502	668
Amortisation
Tax	-92,095	-54,326	-36,274	-37,988	-31,327	-16,239			-895	-9,255	-3,077	-1,704	-4,357	-2,010
Stock
Debtors	247,704	193,855	88,981	-64,222	45,141	49,996	-19,481	-46,203	-468	21,775	36,792	-3,096	-5,032	89,867
Creditors	29,643	2,033	-55,348	90,920	15,229	-266,218	236,605	29,664	8,471	-11,488	9,178	-7,933	-51,844	97,611
Accruals and Deferred Income				-69,301	55,012	14,289	-14,065	-7,857	-2,154	-4,453	6,365	-2,806	24,970
Deferred Taxes & Provisions
Cash flow from operations	173,191	39,268	10,274	303,080	219,978	-232,559	77,680	-66,425	11,082	-5,688	-5,648	3,551	-4,841	13,550
Investing Activities
capital expenditure	-88,524				-20,656								-15,764	-1,484
Change in Investments					1,884,343
cash flow from investments	-88,524				-1,904,999								-15,764	-1,484
Financing Activities
Bank loans
Group/Directors Accounts				-165,745	-60,721	226,466	-73,408	73,408
Other Short Term Loans
Long term loans				-1,812,860	1,812,860
Hire Purchase and Lease Commitments
other long term liabilities	-143,225	-53,890	64,286	1,729,339
share issue														2
interest	1,365	508	38	-55,291	-61,324	-136	-98	-400	-930	-1,043	-605	-521	-295	30
cash flow from financing	-141,860	-53,382	64,324	-304,557	1,690,815	226,330	-73,506	73,008	-930	-1,043	-605	-521	-295	32
cash and cash equivalents
cash	-57,193	-14,113	74,598	-1,477	1,413	-1,849	1,531	65	-246	179	357	-1,041	-10,790	12,098
overdraft					-4,380	4,380	-3,246	-5,915	-10,398	6,910	6,610	-4,071	10,110
change in cash	-57,193	-14,113	74,598	-1,477	5,793	-6,229	4,777	5,980	10,152	-6,731	-6,253	3,030	-20,900	12,098

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CREEDY NUMBER 1 LIMITED group structure

Creedy Number 1 Limited has no subsidiary companies.

Ultimate parent company

FIRST CHOICE CARE HOMES HOLDINGS LIMITED

10691008

FIRST CHOICE CARE HOMES LIMITED

06290053

2 parents

CREEDY NUMBER 1 LIMITED

06351389

CREEDY NUMBER 1 LIMITED Shareholders

kanagaratnam rajamenon

100%

Creedy Number 1 Limited currently has 1 director, Mr Kanagaratnam Rajamenon serving since Aug 2007.

officer	country	age	start	end	role
Mr Kanagaratnam Rajamenon	United Kingdom	61 years	Aug 2007	-	Director

P&L

March 2023

turnover

3.4m

+39%

operating profit

483.3k

gross margin

25.5%

-0.27%

turnover

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

Balance Sheet

March 2023

net assets

909.6k

+0.76%

total assets

2.6m

+0.12%

cash

3.5k

-0.94%

net assets

Total assets minus all liabilities

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1.5

mpl care homes limited

company number

06351389

Type

Private limited with Share Capital

industry

87100 - Residential nursing care activities

incorporation date

August 2007

ultimate parent company

FIRST CHOICE CARE HOMES HOLDINGS LIMITED

previous names

N/A

address

ramada hotel dover, singledge lane, dover, CT16 3EL

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creedy number 1 limited Company Information

creedy number 1 limited Estimated Valuation

creedy number 1 limited Estimated Valuation

creedy number 1 limited Estimated Valuation

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