True Fostercare Limited

POWER SEARCH PRICING

SOLUTIONS

true fostercare limited Company Information

Dissolved

Company Number

06484910

Website

channelfostercare.com

Registered Address

suite 3a drake house drake lane, dursley, gloucestershire, GL11 4HH

Industry

Other social work activities without accommodation n.e.c.

Telephone

Next Accounts Due

October 2024

Group Structure

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Directors

Jagroop Gill7 Years

Shareholders

true fostering limited 100%

true fostercare limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of TRUE FOSTERCARE LIMITED at £2m based on an EBITDA of £469.8k and a 4.16x industry multiple (adjusted for size and gross margin).

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True Fostercare Limited is a dissolved company that was located in gloucestershire, GL11 4HH with a Companies House number of 06484910. It operated in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in January 2008, it's largest shareholder was true fostering limited with a 100% stake. The last turnover for True Fostercare Limited was estimated at £75k.

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Pomanda's financial health check has awarded True Fostercare Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

3 Weak

Size

annual sales of £75k, make it smaller than the average company (£381.2k)

Growth

3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (4.3%)

EXPORT

True Fostercare Limited's latest turnover from September 2020 is estimated at £75 thousand and the company has net assets of 0. According to their latest financial statements, True Fostercare Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	74,982	413,165	145,224	224,777	229,317	612,771	473,652	449,916	120,438	222,186	66,817
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	41,095	237,203	83,796	126,422	127,377	362,870	297,057	268,804	72,258	124,542	38,782
Gross Profit	33,888	175,962	61,428	98,356	101,940	249,901	176,595	181,113	48,180	97,645	28,035
Admin Expenses	-435,949	469,679	163,902	123,435	98,352	245,139	162,138	162,124	41,662	102,251	18,083
Operating Profit	469,837	-293,717	-102,474	-25,079	3,588	4,762	14,457	18,989	6,518	-4,606	9,952
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	32	280	104	78	123	129	134	64	17	23	23
Pre-Tax Profit	469,869	-293,437	-102,370	-25,001	3,711	4,891	14,591	19,053	6,536	-4,583	9,975
Tax	-89,275	0	0	0	-742	-1,027	-3,356	-4,573	-1,569	0	-2,793
Profit After Tax	380,594	-293,437	-102,370	-25,001	2,969	3,864	11,235	14,480	4,967	-4,583	7,182
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	380,594	-293,437	-102,370	-25,001	2,969	3,864	11,235	14,480	4,967	-4,583	7,182
Employee Costs	43,508	125,991	124,311	144,027	82,846	382,070	302,843	281,409	85,937	148,608	42,394
Number Of Employees	2	6	6	7	4	18	14	13	4	7	2
EBITDA*	469,837	-293,717	-102,474	-24,086	4,911	5,530	14,973	19,244	6,858	-4,606	9,952

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	0	0	2,976	3,969	2,304	1,549	765	1,020	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	0	0	2,976	3,969	2,304	1,549	765	1,020	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	21,538	971	10,473	28,909	37,951	18,697	20,229	4,535	10,936	1,916
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	56,962	69,185	2,864	1,289	0	0	0	0	0	0
Cash	63,362	11,404	30,158	32,410	16,726	34,859	18,612	6,927	2	9,291
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	141,862	81,560	43,495	62,608	54,677	53,556	38,841	11,462	10,938	11,207
total assets	141,862	81,560	46,471	66,577	56,981	55,105	39,606	12,482	10,938	11,207
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	24,041	3,855	6,784	3,979	19,275	21,414	17,460	4,816	8,239	3,925
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	498,415	164,862	23,909	21,590	0	0	0	0	0	0
total current liabilities	522,456	168,717	30,693	25,569	19,275	21,414	17,460	4,816	8,239	3,925
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	565	794	461	310	0	0	0	0
total long term liabilities	0	0	565	794	461	310	0	0	0	0
total liabilities	522,456	168,717	31,258	26,363	19,736	21,724	17,460	4,816	8,239	3,925
net assets	-380,594	-87,157	15,213	40,214	37,245	33,381	22,146	7,666	2,699	7,282
total shareholders funds	-380,594	-87,157	15,213	40,214	37,245	33,381	22,146	7,666	2,699	7,282

	Sep 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	469,837	-293,717	-102,474	-25,079	3,588	4,762	14,457	18,989	6,518	-4,606	9,952
Depreciation	0	0	0	993	1,323	768	516	255	340	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-89,275	0	0	0	-742	-1,027	-3,356	-4,573	-1,569	0	-2,793
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	-78,500	8,344	56,819	-16,861	-7,753	19,254	-1,532	15,694	-6,401	9,020	1,916
Creditors	-24,041	20,186	-2,929	2,805	-15,296	-2,139	3,954	12,644	-3,423	4,314	3,925
Accruals and Deferred Income	-498,415	333,553	140,953	2,319	21,590	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-565	-229	333	151	310	0	0	0	0
Cash flow from operations	-63,394	51,678	-21,834	-2,330	18,549	-16,739	17,413	11,621	8,267	-9,312	9,168
Investing Activities
capital expenditure	0	0	2,976	0	-2,988	-1,523	-1,300	0	-1,360	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	2,976	0	-2,988	-1,523	-1,300	0	-1,360	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	100
interest	32	280	104	78	123	129	134	64	17	23	23
cash flow from financing	32	280	104	78	123	129	134	64	17	23	123
cash and cash equivalents
cash	-63,362	51,958	-18,754	-2,252	15,684	-18,133	16,247	11,685	6,925	-9,289	9,291
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	-63,362	51,958	-18,754	-2,252	15,684	-18,133	16,247	11,685	6,925	-9,289	9,291

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 true fostercare limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other undefined companies, companies in GL11 area or any other competitors across 12 key performance metrics.

TRUE FOSTERCARE LIMITED group structure

True Fostercare Limited has no subsidiary companies.

Ultimate parent company

TRUE FOSTERING LIMITED

10888454

1 parent

TRUE FOSTERCARE LIMITED

06484910

TRUE FOSTERCARE LIMITED Shareholders

true fostering limited

100%

True Fostercare Limited currently has 1 director, Mrs Jagroop Gill serving since Oct 2017.

officer	country	age	start	end	role
Mrs Jagroop Gill	England	44 years	Oct 2017	-	Director

P&L

September 2020

turnover

75k

-82%

operating profit

469.8k

gross margin

45.2%

+6.12%

turnover

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

Balance Sheet

September 2020

net assets

-1%

total assets

-1%

cash

-1%

net assets

Total assets minus all liabilities

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company number

06484910

Type

Private limited with Share Capital

industry

88990 - Other social work activities without accommodation n.e.c.

incorporation date

January 2008

ultimate parent company

TRUE FOSTERING LIMITED

previous names

channel fostercare limited (June 2018)

address

suite 3a drake house drake lane, dursley, gloucestershire, GL11 4HH

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 did not find charges/mortgages relating to true fostercare limited.

true fostercare limited Company Information

true fostercare limited Estimated Valuation

true fostercare limited Estimated Valuation

true fostercare limited Estimated Valuation

True Fostercare Limited Overview

True Fostercare Limited Health Check

TRUE FOSTERCARE LIMITED financials

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true fostercare limited Ownership

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true fostercare limited Charges & Mortgages

true fostercare limited Companies House Filings - See Documents