Optima Health And Social Care Ltd

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optima health and social care ltd Company Information

Live

EstablishedSmallHealthy

Company Number

06962108

Website

optimahsc.com

Registered Address

optima house, 100 manchester road, manchester, M34 3PR

Industry

Residential care activities for the elderly and disabled

Telephone

01614414630

Next Accounts Due

December 2025

Group Structure

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Directors

Jack Meredith15 Years

Colin Gallimore15 Years

Shareholders

colin richard gallimore 50%

jack meredith 50%

optima health and social care ltd Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of OPTIMA HEALTH AND SOCIAL CARE LTD at £1.7m based on a Turnover of £2.1m and 0.8x industry multiple (adjusted for size and gross margin).

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Optima Health And Social Care Ltd is a live company located in manchester, M34 3PR with a Companies House number of 06962108. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in July 2009, it's largest shareholder is colin richard gallimore with a 50% stake. Optima Health And Social Care Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Optima Health And Social Care Ltd 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 £2.1m, make it smaller than the average company (£3.5m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6%)

EXPORT

Optima Health And Social Care Ltd's latest turnover from March 2024 is estimated at £2.1 million and the company has net assets of £174.8 thousand. According to their latest financial statements, Optima Health And Social Care Ltd has 60 employees and maintains cash reserves of £270.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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
Turnover	2,110,609	1,919,948	2,099,600	1,649,639	1,564,480	1,560,312	1,760,126	2,391,358	1,980,245	1,126,613	1,047,667	1,012,866	339,923	77,712
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,306,753	1,188,477	1,312,512	1,039,012	957,782	941,497	1,056,623	1,426,947	1,186,230	662,019	608,209	588,724	197,689	45,285
Gross Profit	803,856	731,471	787,088	610,627	606,698	618,815	703,503	964,411	794,015	464,594	439,458	424,142	142,234	32,427
Admin Expenses	920,865	670,659	615,807	583,068	608,905	677,309	664,677	917,751	722,245	484,024	474,363	382,889	121,755	30,121
Operating Profit	-117,009	60,812	171,281	27,559	-2,207	-58,494	38,826	46,660	71,770	-19,430	-34,905	41,253	20,479	2,306
Interest Payable	0	2,221	3,150	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	14,373	12,731	1,543	84	50	669	426	135	249	110	68	53	68	51
Pre-Tax Profit	-102,636	71,322	169,674	26,119	-2,157	-57,825	39,252	46,795	72,019	-19,320	-34,837	41,307	20,547	2,357
Tax	0	-13,551	-32,238	-4,963	0	0	-7,458	-9,359	-14,404	0	0	-9,914	-5,342	-660
Profit After Tax	-102,636	57,771	137,436	21,156	-2,157	-57,825	31,794	37,436	57,615	-19,320	-34,837	31,393	15,205	1,697
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-102,636	57,771	137,436	21,156	-2,157	-57,825	31,794	37,436	57,615	-19,320	-34,837	31,393	15,205	1,697
Employee Costs	1,419,425	1,295,241	1,356,772	1,068,753	1,042,899	973,314	1,100,267	1,182,896	1,035,286	646,474	615,949	596,803	206,235	59,010
Number Of Employees	60	58	65	54	55	54	64	72	66	42	41	40	14	4
EBITDA*	-115,285	62,843	172,746	29,281	-182	-58,019	39,383	47,320	72,323	-19,221	-34,658	41,253	20,479	2,306

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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
Tangible Assets	9,774	11,498	8,290	9,755	11,477	2,693	3,168	3,725	3,135	1,187	1,396	0	0	0
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	0	0	0	0	0
Total Fixed Assets	9,774	11,498	8,290	9,755	11,477	2,693	3,168	3,725	3,135	1,187	1,396	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	127,341	113,091	130,826	102,317	96,826	93,534	98,273	154,188	100,795	38,871	45,614	50,503	14,867	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,755	0	0	0	675	330	6,040	0	0	0	0	0	0	0
Cash	270,535	304,387	294,728	116,730	52,115	47,800	130,620	39,728	68,334	31,142	12,978	14,169	7,067	20,232
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	408,631	417,478	425,554	219,047	149,616	141,664	234,933	193,916	169,129	70,013	58,592	64,672	21,934	20,232
total assets	418,405	428,976	433,844	228,802	161,093	144,357	238,101	197,641	172,264	71,200	59,988	64,672	21,934	20,232
Bank overdraft	0	0	10,000	6,667	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
Trade Creditors	6,979	4,416	7,311	2,115	2,957	8,579	9,484	108,352	119,784	76,823	46,249	16,375	5,030	4,888
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0
other current liabilities	236,598	147,096	163,507	94,430	97,035	72,520	107,534	0	0	0	0	0	0	13,645
total current liabilities	243,577	151,512	180,818	103,212	99,992	81,099	117,018	108,352	119,784	76,823	46,249	16,375	5,030	18,533
loans	0	0	33,333	43,333	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
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	0
provisions	0	0	0	0	0	0	0	0	627	237	279	0	0	0
total long term liabilities	0	0	33,333	43,333	0	0	0	0	627	237	279	0	0	0
total liabilities	243,577	151,512	214,151	146,545	99,992	81,099	117,018	108,352	120,411	77,060	46,528	16,375	5,030	18,533
net assets	174,828	277,464	219,693	82,257	61,101	63,258	121,083	89,289	51,853	-5,860	13,460	48,297	16,904	1,699
total shareholders funds	174,828	277,464	219,693	82,257	61,101	63,258	121,083	89,289	51,853	-5,860	13,460	48,297	16,904	1,699

	Mar 2024	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	-117,009	60,812	171,281	27,559	-2,207	-58,494	38,826	46,660	71,770	-19,430	-34,905	41,253	20,479	2,306	0
Depreciation	1,724	2,031	1,465	1,722	2,025	475	557	660	553	209	247	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-13,551	-32,238	-4,963	0	0	-7,458	-9,359	-14,404	0	0	-9,914	-5,342	-660	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	25,005	-17,735	28,509	4,816	3,637	-10,449	-49,875	53,393	61,924	-6,743	-4,889	35,636	14,867	0	0
Creditors	2,563	-2,895	5,196	-842	-5,622	-905	-98,868	-11,432	42,961	30,574	29,874	11,345	142	4,888	0
Accruals and Deferred Income	89,502	-16,411	69,077	-2,605	24,515	-35,014	107,534	0	0	0	0	0	-13,645	13,645	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-627	390	-42	279	0	0	0	0
Cash flow from operations	-48,225	47,721	186,272	16,055	15,074	-83,489	90,466	-27,491	39,346	18,054	384	7,048	-13,233	20,179	0
Investing Activities
capital expenditure	0	-5,239	0	0	-10,809	0	0	-1,250	-2,501	0	-1,643	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-5,239	0	0	-10,809	0	0	-1,250	-2,501	0	-1,643	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-33,333	-10,000	43,333	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	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	0	0	0	0	0	0	0	0	98	0	0	0	0	2	0
interest	14,373	10,510	-1,607	-1,441	50	669	426	135	249	110	68	53	68	51	0
cash flow from financing	14,373	-22,823	-11,607	41,892	50	669	426	135	347	110	68	53	68	53	0
cash and cash equivalents
cash	-33,852	9,659	177,998	64,615	4,315	-82,820	90,892	-28,606	37,192	18,164	-1,191	7,102	-13,165	20,232	0
overdraft	0	-10,000	3,333	6,667	0	0	0	0	0	0	0	0	0	0	0
change in cash	-33,852	19,659	174,665	57,948	4,315	-82,820	90,892	-28,606	37,192	18,164	-1,191	7,102	-13,165	20,232	0

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 optima health and social care ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in M34 area or any other competitors across 12 key performance metrics.

OPTIMA HEALTH AND SOCIAL CARE LTD group structure

Optima Health And Social Care Ltd has no subsidiary companies.

Ultimate parent company

OPTIMA HEALTH AND SOCIAL CARE LTD

06962108

OPTIMA HEALTH AND SOCIAL CARE LTD Shareholders

colin richard gallimore	50%
jack meredith	50%

Optima Health And Social Care Ltd currently has 2 directors. The longest serving directors include Mr Jack Meredith (Jul 2009) and Mr Colin Gallimore (Jul 2009).

officer	country	age	start	end	role
Mr Jack Meredith	England	74 years	Jul 2009	-	Director
Mr Colin Gallimore	England	58 years	Jul 2009	-	Director

P&L

March 2024

turnover

2.1m

+10%

operating profit

-117k

gross margin

38.1%

-0.03%

turnover

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

Balance Sheet

March 2024

net assets

174.8k

-0.37%

total assets

418.4k

-0.02%

cash

270.5k

-0.11%

net assets

Total assets minus all liabilities

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company number

06962108

Type

Private limited with Share Capital

industry

87300 - Residential care activities for the elderly and disabled

incorporation date

July 2009

ultimate parent company

None

previous names

courtyard continuing care limited (April 2019)

address

optima house, 100 manchester road, manchester, M34 3PR

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 2 charges/mortgages relating to optima health and social care ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

optima health and social care ltd Company Information

optima health and social care ltd Estimated Valuation

optima health and social care ltd Estimated Valuation

optima health and social care ltd Estimated Valuation

Optima Health And Social Care Ltd Overview

Optima Health And Social Care Ltd Health Check

OPTIMA HEALTH AND SOCIAL CARE LTD financials

optima health and social care ltd Credit Report and Business Information

Optima Health And Social Care Ltd Competitor Analysis

optima health and social care ltd Ownership

optima health and social care ltd directors

optima health and social care ltd company details

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