practice cover ltd Company Information
Company Number
07063423
Website
www.practicecover.co.ukRegistered Address
255 green lanes, london, N13 4XE
Industry
Non-life insurance
Telephone
02380513286
Next Accounts Due
September 2025
Group Structure
View All
Directors
Natasha Hardy3 Years
Shareholders
natasha hardy 100%
practice cover ltd Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE COVER LTD at £167.2k based on a Turnover of £286.6k and 0.58x industry multiple (adjusted for size and gross margin).
practice cover ltd Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE COVER LTD at £540.7k based on an EBITDA of £63.1k and a 8.57x industry multiple (adjusted for size and gross margin).
practice cover ltd Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE COVER LTD at £260.9k based on Net Assets of £176.8k and 1.48x industry multiple (adjusted for liquidity).
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Practice Cover Ltd Overview
Practice Cover Ltd is a live company located in london, N13 4XE with a Companies House number of 07063423. It operates in the non-life insurance sector, SIC Code 65120. Founded in November 2009, it's largest shareholder is natasha hardy with a 100% stake. Practice Cover Ltd is a established, micro sized company, Pomanda has estimated its turnover at £286.6k with healthy growth in recent years.
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Practice Cover Ltd Health Check
Pomanda's financial health check has awarded Practice Cover Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
3 Weak
Size
annual sales of £286.6k, make it smaller than the average company (£2m)
- Practice Cover Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.8%)
- Practice Cover Ltd
8.8% - Industry AVG
Production
with a gross margin of 99.4%, this company has a comparable cost of product (99.4%)
- Practice Cover Ltd
99.4% - Industry AVG
Profitability
an operating margin of 15.1% make it as profitable than the average company (17.8%)
- Practice Cover Ltd
17.8% - Industry AVG
Employees
with 5 employees, this is below the industry average (34)
5 - Practice Cover Ltd
34 - Industry AVG
Pay Structure
on an average salary of £64.6k, the company has an equivalent pay structure (£64.6k)
- Practice Cover Ltd
£64.6k - Industry AVG
Efficiency
resulting in sales per employee of £57.3k, this is less efficient (£165.6k)
- Practice Cover Ltd
£165.6k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is earlier than average (219 days)
- Practice Cover Ltd
219 days - Industry AVG
Creditor Days
its suppliers are paid after 4907 days, this is slower than average (318 days)
- Practice Cover Ltd
318 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Practice Cover Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 55 weeks, this is more cash available to meet short term requirements (16 weeks)
55 weeks - Practice Cover Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.1%, this is a lower level of debt than the average (82.7%)
35.1% - Practice Cover Ltd
82.7% - Industry AVG
PRACTICE COVER LTD financials
Practice Cover Ltd's latest turnover from December 2023 is estimated at £286.6 thousand and the company has net assets of £176.8 thousand. According to their latest financial statements, Practice Cover Ltd has 5 employees and maintains cash reserves of £83.6 thousand 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 5 | 4 | 5 | 4 | 4 | 2 | 2 | |||||||
EBITDA* |
* 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 8,996 | 5,760 | 1,624 | 2,962 | 3,852 | 190 | 1,275 | 4,202 | 3,836 | 566 | 2,633 | 4,708 | 6,791 | 8,885 |
Intangible Assets | 8,071 | 25,217 | 42,362 | 56,329 | 67,619 | 1,196 | 1,849 | 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 | 17,067 | 30,977 | 43,986 | 59,291 | 71,471 | 1,386 | 3,124 | 4,202 | 3,836 | 566 | 2,633 | 4,708 | 6,791 | 8,885 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 64,266 | 118,280 | 33,549 | 52,920 | 67,842 | 35,489 | 0 | 79,436 | 0 | 0 | 0 | 0 | 0 | 0 |
Group Debtors | 98,428 | 84,485 | 75,641 | 148,117 | 0 | 148,117 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 9,068 | 7,569 | 13,392 | 8,868 | 0 | 7,736 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 83,615 | 43,678 | 14,077 | 26,540 | 83,928 | 47,556 | 153,763 | 0 | 38,254 | 53,613 | 21,436 | 16,173 | 7,913 | 5,080 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 255,377 | 254,012 | 136,659 | 236,445 | 311,580 | 238,898 | 153,763 | 79,436 | 38,254 | 53,613 | 21,436 | 16,173 | 7,913 | 5,080 |
total assets | 272,444 | 284,989 | 180,645 | 295,736 | 383,051 | 240,284 | 156,887 | 83,638 | 42,090 | 54,179 | 24,069 | 20,881 | 14,704 | 13,965 |
Bank overdraft | 10,293 | 10,117 | 9,945 | 6,579 | 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 | 23,872 | 18,697 | 16,833 | 38,621 | 151,590 | 57,360 | 36,963 | 21,822 | 12,082 | 34,687 | 5,244 | 3,311 | 3,978 | 1,011 |
Group/Directors Accounts | 0 | 0 | 0 | 82,288 | 0 | 50,622 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 127,732 | 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 | 44,589 | 86,586 | 45,965 | 61,653 | 0 | 16,927 | 21,934 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 78,754 | 115,400 | 72,743 | 189,141 | 327,680 | 124,909 | 58,897 | 21,822 | 12,082 | 34,687 | 5,244 | 3,311 | 3,978 | 1,011 |
loans | 14,658 | 24,723 | 34,542 | 45,248 | 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 | 24,188 | 35,301 | 32,460 | 27,438 |
provisions | 2,249 | 406 | 563 | 563 | 0 | 263 | 0 | 0 | 767 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 16,907 | 25,129 | 35,105 | 45,811 | 732 | 263 | 0 | 0 | 767 | 0 | 24,188 | 35,301 | 32,460 | 27,438 |
total liabilities | 95,661 | 140,529 | 107,848 | 234,952 | 328,412 | 125,172 | 58,897 | 21,822 | 12,849 | 34,687 | 29,432 | 38,612 | 36,438 | 28,449 |
net assets | 176,783 | 144,460 | 72,797 | 60,784 | 54,639 | 115,112 | 97,990 | 61,816 | 29,241 | 19,492 | -5,363 | -17,731 | -21,734 | -14,484 |
total shareholders funds | 176,783 | 144,460 | 72,797 | 60,784 | 54,639 | 115,112 | 97,990 | 61,816 | 29,241 | 19,492 | -5,363 | -17,731 | -21,734 | -14,484 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 2,746 | 1,013 | 2,593 | 2,029 | 1,903 | 310 | 669 | 2,067 | 2,075 | 2,083 | 2,094 | 1,596 | ||
Amortisation | 17,146 | 17,145 | 24,129 | 16,798 | 653 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Tax | ||||||||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -38,572 | 87,752 | -87,323 | 142,063 | -123,500 | 191,342 | -79,436 | 79,436 | 0 | 0 | 0 | 0 | 0 | 0 |
Creditors | 5,175 | 1,864 | -21,788 | -112,969 | 94,230 | 20,397 | 15,141 | 9,740 | -22,605 | 29,443 | 1,933 | -667 | 2,967 | 1,011 |
Accruals and Deferred Income | -41,997 | 40,621 | -15,688 | 61,653 | -16,927 | -5,007 | 21,934 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 1,843 | -157 | 0 | 563 | -263 | 263 | 0 | -767 | 767 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | -82,288 | 82,288 | -50,622 | 50,622 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | -127,732 | 127,732 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -10,065 | -9,819 | -10,706 | 45,248 | 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 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24,188 | -11,113 | 2,841 | 5,022 | 27,438 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 39,937 | 29,601 | -12,463 | -57,388 | 36,372 | -106,207 | 153,763 | -38,254 | -15,359 | 32,177 | 5,263 | 8,260 | 2,833 | 5,080 |
overdraft | 176 | 172 | 3,366 | 6,579 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 39,761 | 29,429 | -15,829 | -63,967 | 36,372 | -106,207 | 153,763 | -38,254 | -15,359 | 32,177 | 5,263 | 8,260 | 2,833 | 5,080 |
practice cover ltd Credit Report and Business Information
Practice Cover Ltd Competitor Analysis
Perform a competitor analysis for practice cover ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in N13 area or any other competitors across 12 key performance metrics.
practice cover ltd Ownership
PRACTICE COVER LTD group structure
Practice Cover Ltd has no subsidiary companies.
practice cover ltd directors
Practice Cover Ltd currently has 1 director, Mrs Natasha Hardy serving since Mar 2021.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mrs Natasha Hardy | England | 33 years | Mar 2021 | - | Director |
P&L
December 2023turnover
286.6k
0%
operating profit
43.2k
0%
gross margin
99.4%
+1.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
176.8k
+0.22%
total assets
272.4k
-0.04%
cash
83.6k
+0.91%
net assets
Total assets minus all liabilities
practice cover ltd company details
company number
07063423
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
incorporation date
November 2009
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
JOHN CROOK & PARTNERS
auditor
-
address
255 green lanes, london, N13 4XE
Bank
-
Legal Advisor
-
practice cover ltd 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 1 charges/mortgages relating to practice cover ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
practice cover ltd Companies House Filings - See Documents
date | description | view/download |
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