spectrum community health c.i.c.
spectrum community health c.i.c. Company Information
Company Number
07300133
Website
http://spectrumhealth.org.ukRegistered Address
1 navigation walk, wakefield, west yorkshire, WF1 5RH
Industry
Specialist medical practice activities
Telephone
01924311400
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
linda harris 100%
spectrum community health c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM COMMUNITY HEALTH C.I.C. at £65.8m based on a Turnover of £82.2m and 0.8x industry multiple (adjusted for size and gross margin).
spectrum community health c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM COMMUNITY HEALTH C.I.C. at £8.8m based on an EBITDA of £1.4m and a 6.1x industry multiple (adjusted for size and gross margin).
spectrum community health c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of SPECTRUM COMMUNITY HEALTH C.I.C. at £11.8m based on Net Assets of £4.8m and 2.48x industry multiple (adjusted for liquidity).
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Spectrum Community Health C.i.c. Overview
Spectrum Community Health C.i.c. is a live company located in west yorkshire, WF1 5RH with a Companies House number of 07300133. It operates in the specialists medical practice activities sector, SIC Code 86220. Founded in June 2010, it's largest shareholder is linda harris with a 100% stake. Spectrum Community Health C.i.c. is a established, large sized company, Pomanda has estimated its turnover at £82.2m with high growth in recent years.
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Spectrum Community Health C.i.c. Health Check
Pomanda's financial health check has awarded Spectrum Community Health C.I.C. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £82.2m, make it larger than the average company (£517.8k)
£82.2m - Spectrum Community Health C.i.c.
£517.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (5.4%)
23% - Spectrum Community Health C.i.c.
5.4% - Industry AVG
Production
with a gross margin of 13.8%, this company has a higher cost of product (55.4%)
13.8% - Spectrum Community Health C.i.c.
55.4% - Industry AVG
Profitability
an operating margin of 1.3% make it less profitable than the average company (14.3%)
1.3% - Spectrum Community Health C.i.c.
14.3% - Industry AVG
Employees
with 1012 employees, this is above the industry average (13)
1012 - Spectrum Community Health C.i.c.
13 - Industry AVG
Pay Structure
on an average salary of £48.1k, the company has a higher pay structure (£29.5k)
£48.1k - Spectrum Community Health C.i.c.
£29.5k - Industry AVG
Efficiency
resulting in sales per employee of £81.3k, this is more efficient (£69.2k)
£81.3k - Spectrum Community Health C.i.c.
£69.2k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (30 days)
7 days - Spectrum Community Health C.i.c.
30 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (39 days)
4 days - Spectrum Community Health C.i.c.
39 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (12 days)
1 days - Spectrum Community Health C.i.c.
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 54 weeks, this is less cash available to meet short term requirements (91 weeks)
54 weeks - Spectrum Community Health C.i.c.
91 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.4%, this is a higher level of debt than the average (30.8%)
77.4% - Spectrum Community Health C.i.c.
30.8% - Industry AVG
SPECTRUM COMMUNITY HEALTH C.I.C. financials
Spectrum Community Health C.I.C.'s latest turnover from March 2023 is £82.2 million and the company has net assets of £4.8 million. According to their latest financial statements, Spectrum Community Health C.I.C. has 1,012 employees and maintains cash reserves of £15.2 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 82,245,801 | 68,647,287 | 65,967,534 | 44,281,154 | 43,013,834 | 28,377,810 | 21,917,454 | 22,029,670 | 13,171,021 | 12,556,613 | 8,471,633 | 8,661,594 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 70,909,614 | 57,976,921 | 57,427,282 | 39,043,696 | 37,642,845 | 24,197,072 | 18,502,637 | 18,621,183 | 6,081,546 | 6,508,037 | |||
| Gross Profit | 11,336,187 | 10,670,366 | 8,540,252 | 5,237,458 | 5,370,989 | 4,180,738 | 3,414,817 | 3,408,487 | 2,390,087 | 2,153,557 | |||
| Admin Expenses | 10,291,373 | 9,834,388 | 7,837,727 | 4,672,475 | 4,881,722 | 3,853,375 | 3,140,536 | 3,103,736 | 2,072,239 | 1,785,314 | |||
| Operating Profit | 1,044,814 | 835,978 | 702,525 | 564,983 | 489,267 | 327,363 | 274,281 | 304,751 | 317,434 | 301,798 | 317,848 | 368,243 | |
| Interest Payable | 0 | 0 | 46,537 | 32,052 | 31,846 | 0 | 0 | 0 | 36 | 0 | 0 | 0 | |
| Interest Receivable | 92,574 | 4,141 | 4,359 | 27,836 | 14,806 | 2,526 | 2,696 | 7,660 | 7,274 | 7,024 | 10,453 | 4,908 | |
| Pre-Tax Profit | 1,137,388 | 840,119 | 660,347 | 560,767 | 472,227 | 328,889 | 276,977 | 312,411 | 324,672 | 308,822 | 328,301 | 373,151 | |
| Tax | -252,356 | -155,372 | -141,774 | -112,550 | -94,490 | -62,679 | -67,986 | -64,606 | -80,851 | -62,412 | -66,927 | -75,396 | |
| Profit After Tax | 885,032 | 684,747 | 518,573 | 448,217 | 377,737 | 266,210 | 208,991 | 247,805 | 243,821 | 246,410 | 261,374 | 297,755 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 885,032 | 684,747 | 518,573 | 448,217 | 377,737 | 266,210 | 208,991 | 247,805 | 243,821 | 246,410 | 261,374 | 297,755 | |
| Employee Costs | 48,703,860 | 38,976,566 | 33,279,758 | 24,764,624 | 23,631,806 | 17,155,338 | 12,756,330 | 14,271,975 | 8,805,377 | 8,217,871 | 5,991,727 | 6,003,705 | |
| Number Of Employees | 1,012 | 784 | 930 | 658 | 598 | 503 | 301 | 447 | 290 | 271 | 189 | 119 | |
| EBITDA* | 1,446,783 | 1,276,460 | 1,053,077 | 808,835 | 692,782 | 493,289 | 437,105 | 424,453 | 357,368 | 322,074 | 317,848 | 368,243 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,656,836 | 2,545,250 | 2,914,958 | 2,457,297 | 2,190,558 | 653,430 | 665,527 | 752,385 | 227,083 | 205,615 | 124,801 | 117,000 | 0 |
| Intangible Assets | 227,725 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 100 | 100 | 100 | 100 | 0 | 0 | 1,000 | 1,000 | 9,948 | 20,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,884,661 | 2,545,350 | 2,915,058 | 2,457,397 | 2,190,558 | 653,430 | 666,527 | 753,385 | 237,031 | 225,615 | 124,801 | 117,000 | 0 |
| Stock & work in progress | 277,807 | 179,907 | 219,592 | 234,547 | 226,061 | 218,218 | 178,004 | 239,178 | 99,069 | 117,060 | 83,752 | 72,697 | 0 |
| Trade Debtors | 1,641,754 | 7,015,646 | 2,276,795 | 10,031,607 | 3,715,834 | 3,082,606 | 1,320,359 | 1,552,147 | 1,486,353 | 76,830 | 91,296 | 176,836 | 0 |
| Group Debtors | 46,579 | 76,933 | 52,521 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,045,681 | 815,630 | 843,795 | 325,034 | 335,500 | 313,446 | 209,312 | 113,319 | 33,940 | 35,467 | 23,869 | 3,585 | 0 |
| Cash | 15,164,961 | 10,774,345 | 10,911,574 | 8,026,545 | 5,575,789 | 3,998,216 | 3,316,314 | 3,268,292 | 3,380,678 | 3,122,434 | 2,134,489 | 1,607,314 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,176,782 | 18,862,461 | 14,304,277 | 18,617,733 | 9,853,184 | 7,612,486 | 5,023,989 | 5,172,936 | 5,000,040 | 3,351,791 | 2,333,406 | 1,860,432 | 0 |
| total assets | 21,061,443 | 21,407,811 | 17,219,335 | 21,075,130 | 12,043,742 | 8,265,916 | 5,690,516 | 5,926,321 | 5,237,071 | 3,577,406 | 2,458,207 | 1,977,432 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 86,450 | 86,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 842,318 | 1,050,020 | 1,935,671 | 517,168 | 556,047 | 654,638 | 1,204,578 | 222,624 | 346,020 | 253,681 | 216,130 | 337,888 | 0 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 13,631,160 | 14,095,900 | 10,985,364 | 16,575,258 | 7,913,100 | 5,222,444 | 2,351,397 | 3,794,413 | 3,652,478 | 2,322,438 | 1,491,608 | 1,141,151 | 0 |
| total current liabilities | 14,473,478 | 15,145,920 | 12,921,035 | 17,178,876 | 8,555,597 | 5,877,082 | 3,555,975 | 4,017,037 | 3,998,498 | 2,576,119 | 1,707,738 | 1,479,039 | 0 |
| loans | 0 | 0 | 0 | 648,375 | 734,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,564,833 | 2,212,172 | 876,000 | 411,700 | 423,400 | 435,100 | 446,800 | 428,500 | 70,200 | 81,900 | 93,600 | 105,300 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 261,906 | 173,525 | 230,853 | 163,305 | 105,263 | 106,814 | 107,031 | 109,065 | 44,459 | 39,294 | 23,055 | 20,680 | 0 |
| total long term liabilities | 1,826,739 | 2,385,697 | 1,106,853 | 1,223,380 | 1,263,488 | 541,914 | 553,831 | 537,565 | 114,659 | 121,194 | 116,655 | 125,980 | 0 |
| total liabilities | 16,300,217 | 17,531,617 | 14,027,888 | 18,402,256 | 9,819,085 | 6,418,996 | 4,109,806 | 4,554,602 | 4,113,157 | 2,697,313 | 1,824,393 | 1,605,019 | 0 |
| net assets | 4,761,226 | 3,876,194 | 3,191,447 | 2,672,874 | 2,224,657 | 1,846,920 | 1,580,710 | 1,371,719 | 1,123,914 | 880,093 | 633,814 | 372,413 | 0 |
| total shareholders funds | 4,761,226 | 3,876,194 | 3,191,447 | 2,672,874 | 2,224,657 | 1,846,920 | 1,580,710 | 1,371,719 | 1,123,914 | 880,093 | 633,814 | 372,413 | 0 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 1,044,814 | 835,978 | 702,525 | 564,983 | 489,267 | 327,363 | 274,281 | 304,751 | 317,434 | 301,798 | 317,848 | 368,243 | |
| Depreciation | 401,969 | 440,482 | 350,552 | 243,852 | 203,515 | 165,926 | 162,824 | 119,702 | 39,934 | 20,276 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -252,356 | -155,372 | -141,774 | -112,550 | -94,490 | -62,679 | -67,986 | -64,606 | -80,851 | -62,412 | -66,927 | -75,396 | |
| Stock | 97,900 | -39,685 | -14,955 | 8,486 | 7,843 | 40,214 | -61,174 | 140,109 | -17,991 | 33,308 | 11,055 | 72,697 | 0 |
| Debtors | -5,174,195 | 4,735,098 | -7,183,530 | 6,305,307 | 655,282 | 1,866,381 | -135,795 | 145,173 | 1,407,996 | -2,868 | -65,256 | 180,421 | 0 |
| Creditors | -207,702 | -885,651 | 1,418,503 | -38,879 | -98,591 | -549,940 | 981,954 | -123,396 | 92,339 | 37,551 | -121,758 | 337,888 | 0 |
| Accruals and Deferred Income | -1,112,079 | 4,446,708 | -5,125,594 | 8,650,458 | 2,678,956 | 2,859,347 | -1,424,716 | 500,235 | 1,318,340 | 819,130 | 338,757 | 1,246,451 | 0 |
| Deferred Taxes & Provisions | 88,381 | -57,328 | 67,548 | 58,042 | -1,551 | -217 | -2,034 | 64,606 | 5,165 | 16,239 | 2,375 | 20,680 | 0 |
| Cash flow from operations | 5,039,322 | -70,596 | 4,470,245 | 3,052,113 | 2,513,981 | 833,205 | 121,292 | 516,010 | 302,356 | 1,102,142 | 524,496 | 1,644,748 | |
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | 0 | -510,691 | -1,840,643 | -153,829 | -75,966 | -636,056 | -62,402 | -121,090 | -19,501 | -117,000 | |
| Change in Investments | 0 | 0 | 0 | 100 | 0 | -1,000 | 0 | -8,948 | -10,052 | 20,000 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | -510,791 | -1,840,643 | -152,829 | -75,966 | -627,108 | -52,350 | -141,090 | -19,501 | -117,000 | |
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | -86,450 | 0 | 86,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 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 |
| Long term loans | 0 | 0 | -648,375 | -86,450 | 734,825 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 92,574 | 4,141 | -42,178 | -4,216 | -17,040 | 2,526 | 2,696 | 7,660 | 7,238 | 7,024 | 10,453 | 4,908 | |
| cash flow from financing | 92,574 | 4,141 | -777,003 | -90,666 | 804,235 | 2,526 | 2,696 | 7,660 | 7,238 | 6,893 | 10,480 | 79,566 | |
| cash and cash equivalents | |||||||||||||
| cash | 4,390,616 | -137,229 | 2,885,029 | 2,450,756 | 1,577,573 | 681,902 | 48,022 | -112,386 | 258,244 | 987,945 | 527,175 | 1,607,314 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,390,616 | -137,229 | 2,885,029 | 2,450,756 | 1,577,573 | 681,902 | 48,022 | -112,386 | 258,244 | 987,945 | 527,175 | 1,607,314 | 0 |
spectrum community health c.i.c. Credit Report and Business Information
Spectrum Community Health C.i.c. Competitor Analysis
Perform a competitor analysis for spectrum community health c.i.c. by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other large companies, companies in WF1 area or any other competitors across 12 key performance metrics.
spectrum community health c.i.c. Ownership
SPECTRUM COMMUNITY HEALTH C.I.C. group structure
Spectrum Community Health C.I.C. has 2 subsidiary companies.
Ultimate parent company
SPECTRUM COMMUNITY HEALTH C.I.C.
07300133
2 subsidiaries
spectrum community health c.i.c. directors
Spectrum Community Health C.I.C. currently has 11 directors. The longest serving directors include Dr Linda Harris (Jan 2011) and Ms Sharon Hardcastle (Apr 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Linda Harris | England | 59 years | Jan 2011 | - | Director |
| Ms Sharon Hardcastle | England | 53 years | Apr 2011 | - | Director |
| Mr Timothy Straughan | 59 years | Jan 2017 | - | Director | |
| Mr Melvyn Ingleson | England | 66 years | Apr 2020 | - | Director |
| Mr Kevin Robinson | 66 years | Apr 2021 | - | Director | |
| Mrs Susan White | England | 68 years | Apr 2021 | - | Director |
| Ms Susan Maguire | 62 years | Apr 2021 | - | Director | |
| Mr Stephen Wragg | 71 years | Apr 2023 | - | Director | |
| Ms Jacqueline Park | 63 years | Nov 2023 | - | Director | |
| Mrs Angela Star | 57 years | Apr 2024 | - | Director |
P&L
March 2023turnover
82.2m
+20%
operating profit
1m
+25%
gross margin
13.8%
-11.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
4.8m
+0.23%
total assets
21.1m
-0.02%
cash
15.2m
+0.41%
net assets
Total assets minus all liabilities
spectrum community health c.i.c. company details
company number
07300133
Type
Private limited with Share Capital
industry
86220 - Specialist medical practice activities
incorporation date
June 2010
age
14
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
spectrum community health limited (February 2011)
accountant
-
auditor
SADOFSKYS
address
1 navigation walk, wakefield, west yorkshire, WF1 5RH
Bank
UNITY TRUST BANK
Legal Advisor
-
spectrum community health c.i.c. 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 spectrum community health c.i.c.. Currently there are 0 open charges and 1 have been satisfied in the past.
spectrum community health c.i.c. Companies House Filings - See Documents
| date | description | view/download |
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