hcrg care services ltd
hcrg care services ltd Company Information
Company Number
07557877
Next Accounts
28 days late
Industry
General medical practice activities
Directors
Shareholders
hcrg care ltd
Group Structure
View All
Contact
Registered Address
the heath business and technical, runcorn, cheshire, WA7 4QX
hcrg care services ltd Estimated Valuation
Pomanda estimates the enterprise value of HCRG CARE SERVICES LTD at £197.3m based on a Turnover of £249.4m and 0.79x industry multiple (adjusted for size and gross margin).
hcrg care services ltd Estimated Valuation
Pomanda estimates the enterprise value of HCRG CARE SERVICES LTD at £70.3m based on an EBITDA of £11.1m and a 6.36x industry multiple (adjusted for size and gross margin).
hcrg care services ltd Estimated Valuation
Pomanda estimates the enterprise value of HCRG CARE SERVICES LTD at £155.9m based on Net Assets of £57.2m and 2.73x industry multiple (adjusted for liquidity).
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Hcrg Care Services Ltd Overview
Hcrg Care Services Ltd is a live company located in cheshire, WA7 4QX with a Companies House number of 07557877. It operates in the general medical practice activities sector, SIC Code 86210. Founded in March 2011, it's largest shareholder is hcrg care ltd with a 100% stake. Hcrg Care Services Ltd is a established, mega sized company, Pomanda has estimated its turnover at £249.4m with low growth in recent years.
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Hcrg Care Services Ltd Health Check
Pomanda's financial health check has awarded Hcrg Care Services Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £249.4m, make it larger than the average company (£1.7m)
£249.4m - Hcrg Care Services Ltd
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7%)
- Hcrg Care Services Ltd
7% - Industry AVG
Production
with a gross margin of 17.8%, this company has a higher cost of product (41.2%)
17.8% - Hcrg Care Services Ltd
41.2% - Industry AVG
Profitability
an operating margin of 3.9% make it as profitable than the average company (3.9%)
3.9% - Hcrg Care Services Ltd
3.9% - Industry AVG
Employees
with 2893 employees, this is above the industry average (20)
2893 - Hcrg Care Services Ltd
20 - Industry AVG
Pay Structure
on an average salary of £48.4k, the company has a higher pay structure (£32.6k)
£48.4k - Hcrg Care Services Ltd
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £86.2k, this is equally as efficient (£81.3k)
£86.2k - Hcrg Care Services Ltd
£81.3k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (41 days)
7 days - Hcrg Care Services Ltd
41 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (27 days)
8 days - Hcrg Care Services Ltd
27 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (10 days)
0 days - Hcrg Care Services Ltd
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (44 weeks)
11 weeks - Hcrg Care Services Ltd
44 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.2%, this is a higher level of debt than the average (54.6%)
63.2% - Hcrg Care Services Ltd
54.6% - Industry AVG
HCRG CARE SERVICES LTD financials
Hcrg Care Services Ltd's latest turnover from March 2023 is £249.4 million and the company has net assets of £57.2 million. According to their latest financial statements, Hcrg Care Services Ltd has 2,893 employees and maintains cash reserves of £19.5 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 249,355,000 | 234,769,000 | 230,389,000 | 248,433,000 | 248,805,000 | 256,777,757 | 204,258,346 | 133,640,159 | 128,130,146 | 116,851,143 | 112,607,742 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 205,079,000 | 195,370,000 | 196,304,000 | 219,379,000 | 235,108,000 | 243,285,258 | 190,139,489 | 119,182,530 | 115,945,726 | 106,234,050 | 97,051,160 | 2,378,725 |
| Gross Profit | 44,276,000 | 39,399,000 | 34,085,000 | 29,054,000 | 13,697,000 | 13,492,499 | 14,118,857 | 14,457,629 | 12,184,420 | 10,617,093 | 15,556,582 | -2,378,725 |
| Admin Expenses | 34,654,000 | 36,133,000 | 31,644,000 | 22,827,000 | 13,194,000 | 10,028,707 | 6,102,970 | 7,175,920 | 7,320,125 | |||
| Operating Profit | 9,622,000 | 3,266,000 | 2,441,000 | 6,227,000 | 503,000 | 3,463,792 | 8,015,887 | 7,281,709 | 4,864,295 | |||
| Interest Payable | 51,000 | 4,000 | 0 | 1,048,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 9,585,000 | 3,270,000 | 2,460,000 | 5,179,000 | 503,000 | 3,463,792 | 8,015,887 | 7,281,709 | 4,864,295 | 4,214,047 | 2,994,318 | -2,378,725 |
| Tax | -1,439,000 | 208,000 | 1,962,000 | -45,000 | 3,058,000 | 3,408,811 | 143,113 | 60,623 | 230,970 | 121,844 | 92,128 | 0 |
| Profit After Tax | 8,146,000 | 3,478,000 | 4,422,000 | 5,134,000 | 3,561,000 | 6,872,603 | 8,159,000 | 7,342,332 | 5,095,265 | 4,335,891 | 3,086,446 | -2,378,725 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 8,146,000 | 3,478,000 | 4,422,000 | 5,134,000 | 3,561,000 | 6,872,603 | 8,159,000 | 7,342,332 | 5,095,265 | 4,335,891 | 3,086,446 | -2,378,725 |
| Employee Costs | 140,027,000 | 135,719,000 | 130,559,000 | 134,493,000 | 117,532,000 | 124,655,977 | 32,381,865 | 3,233,900 | 3,434,365 | 0 | 0 | |
| Number Of Employees | 2,893 | 2,976 | 3,181 | 3,664 | 3,559 | 4,464 | 1,190 | 218 | 102 | 2 | ||
| EBITDA* | 11,057,000 | 4,687,000 | 11,050,000 | 13,963,000 | 1,652,000 | 4,074,756 | 8,126,939 | 7,399,393 | 4,983,052 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,835,000 | 2,906,000 | 2,772,000 | 24,174,000 | 2,983,000 | 2,724,430 | 662,791 | 78,491 | 154,355 | 212,239 | 90,876 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 17,000 | 17,000 | 17,000 | 16,947 | 16,947 | 16,947 | 100 | 100 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,835,000 | 2,906,000 | 2,789,000 | 24,191,000 | 3,000,000 | 2,741,377 | 679,738 | 95,438 | 154,455 | 212,339 | 90,876 | 0 |
| Stock & work in progress | 318,000 | 252,000 | 241,000 | 333,000 | 370,000 | 502,940 | 549,144 | 61,466 | 80,212 | 6,192 | 0 | 0 |
| Trade Debtors | 5,017,000 | 6,838,000 | 6,326,000 | 5,461,000 | 8,629,000 | 11,442,870 | 11,489,952 | 7,432,015 | 4,652,550 | 5,511,321 | 3,921,177 | 0 |
| Group Debtors | 112,847,000 | 46,512,000 | 110,139,000 | 89,431,000 | 51,990,000 | 47,892,440 | 45,784,023 | 23,030,429 | 15,617,611 | 9,827,869 | 5,301,998 | 0 |
| Misc Debtors | 15,074,000 | 16,956,000 | 14,498,000 | 14,558,000 | 17,311,000 | 16,883,702 | 9,035,350 | 3,731,541 | 3,302,590 | 3,151,248 | 1,078,137 | 0 |
| Cash | 19,519,000 | 8,708,000 | 8,200,000 | 8,602,000 | 1,172,000 | 1,248,566 | 11,622 | 2,684,314 | 158,429 | 1,374,466 | 1,515,929 | 7,645 |
| misc current assets | 0 | 0 | 0 | 0 | 1,252,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 152,775,000 | 79,266,000 | 139,404,000 | 118,385,000 | 80,724,000 | 77,970,518 | 66,870,091 | 36,939,765 | 23,811,392 | 19,871,096 | 11,817,241 | 7,645 |
| total assets | 155,610,000 | 82,172,000 | 142,193,000 | 142,576,000 | 83,724,000 | 80,711,895 | 67,549,829 | 37,035,203 | 23,965,847 | 20,083,435 | 11,908,117 | 7,645 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 5,276,860 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,044,000 | 5,147,000 | 5,643,000 | 9,018,000 | 6,694,000 | 8,683,759 | 2,967,430 | 6,978,639 | 7,336,345 | 9,005,122 | 7,520,742 | 0 |
| Group/Directors Accounts | 65,080,000 | 0 | 43,442,000 | 33,425,000 | 0 | 0 | 0 | 1,996,457 | 1,521,981 | 2,185,293 | 2,677,191 | 1,692,991 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 7,139,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 21,903,000 | 20,073,000 | 42,095,000 | 33,446,000 | 37,250,000 | 37,865,580 | 32,015,586 | 10,838,238 | 5,227,984 | 3,849,308 | 1,002,363 | 693,279 |
| total current liabilities | 92,027,000 | 25,220,000 | 91,180,000 | 83,028,000 | 43,944,000 | 46,549,339 | 40,259,876 | 19,813,334 | 14,086,310 | 15,039,723 | 11,200,296 | 2,386,270 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 15,708,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 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 |
| provisions | 6,403,000 | 7,918,000 | 5,457,000 | 4,001,000 | 3,966,000 | 1,909,084 | 1,909,084 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 6,403,000 | 7,918,000 | 5,457,000 | 19,709,000 | 3,966,000 | 1,909,084 | 1,909,084 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 98,430,000 | 33,138,000 | 96,637,000 | 102,737,000 | 47,910,000 | 48,458,423 | 42,168,960 | 19,813,334 | 14,086,310 | 15,039,723 | 11,200,296 | 2,386,270 |
| net assets | 57,180,000 | 49,034,000 | 45,556,000 | 39,839,000 | 35,814,000 | 32,253,472 | 25,380,869 | 17,221,869 | 9,879,537 | 5,043,712 | 707,821 | -2,378,625 |
| total shareholders funds | 57,180,000 | 49,034,000 | 45,556,000 | 39,839,000 | 35,814,000 | 32,253,472 | 25,380,869 | 17,221,869 | 9,879,537 | 5,043,712 | 707,821 | -2,378,625 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 9,622,000 | 3,266,000 | 2,441,000 | 6,227,000 | 503,000 | 3,463,792 | 8,015,887 | 7,281,709 | 4,864,295 | |||
| Depreciation | 1,435,000 | 1,421,000 | 8,609,000 | 7,736,000 | 1,149,000 | 610,964 | 111,052 | 117,684 | 118,757 | 109,109 | 12,309 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,439,000 | 208,000 | 1,962,000 | -45,000 | 3,058,000 | 3,408,811 | 143,113 | 60,623 | 230,970 | 121,844 | 92,128 | 0 |
| Stock | 66,000 | 11,000 | -92,000 | -37,000 | -132,940 | -46,204 | 487,678 | -18,746 | 74,020 | 6,192 | 0 | 0 |
| Debtors | 62,632,000 | -60,657,000 | 21,513,000 | 31,520,000 | 1,710,988 | 9,909,687 | 32,115,340 | 10,621,234 | 5,082,313 | 8,189,126 | 10,301,312 | 0 |
| Creditors | -103,000 | -496,000 | -3,375,000 | 2,324,000 | -1,989,759 | 5,716,329 | -4,011,209 | -357,706 | -1,668,777 | 1,484,380 | 7,520,742 | 0 |
| Accruals and Deferred Income | 1,830,000 | -22,022,000 | 8,649,000 | -3,804,000 | -615,580 | 5,849,994 | 21,177,348 | 5,610,254 | 1,378,676 | 2,846,945 | 309,084 | 693,279 |
| Deferred Taxes & Provisions | -1,515,000 | 2,461,000 | 1,456,000 | 35,000 | 2,056,916 | 0 | 1,909,084 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -52,868,000 | 45,484,000 | -1,679,000 | -19,010,000 | 2,583,529 | 9,186,407 | -5,257,743 | 2,110,076 | -232,412 | |||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | -17,000 | 0 | 0 | 53 | 0 | 0 | 16,847 | 0 | 100 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 65,080,000 | -43,442,000 | 10,017,000 | 33,425,000 | 0 | 0 | -1,996,457 | 474,476 | -663,312 | -491,898 | 984,200 | 1,692,991 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | -22,847,000 | 22,847,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | -51,000 | -4,000 | 0 | -1,048,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 65,029,000 | -43,446,000 | -11,535,000 | 54,115,000 | -472 | 0 | -1,996,457 | 474,476 | -922,752 | -491,898 | 984,200 | 1,693,091 |
| cash and cash equivalents | ||||||||||||
| cash | 10,811,000 | 508,000 | -402,000 | 7,430,000 | -76,566 | 1,236,944 | -2,672,692 | 2,525,885 | -1,216,037 | -141,463 | 1,508,284 | 7,645 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -5,276,860 | 5,276,860 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 10,811,000 | 508,000 | -402,000 | 7,430,000 | -76,566 | 6,513,804 | -7,949,552 | 2,525,885 | -1,216,037 | -141,463 | 1,508,284 | 7,645 |
hcrg care services ltd Credit Report and Business Information
Hcrg Care Services Ltd Competitor Analysis
Perform a competitor analysis for hcrg care services ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mega companies, companies in WA7 area or any other competitors across 12 key performance metrics.
hcrg care services ltd Ownership
HCRG CARE SERVICES LTD group structure
Hcrg Care Services Ltd has 2 subsidiary companies.
Ultimate parent company
2 parents
HCRG CARE SERVICES LTD
07557877
2 subsidiaries
hcrg care services ltd directors
Hcrg Care Services Ltd currently has 1 director, Mr David Deitz serving since Apr 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Deitz | United Kingdom | 41 years | Apr 2020 | - | Director |
P&L
March 2023turnover
249.4m
+6%
operating profit
9.6m
+195%
gross margin
17.8%
+5.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
57.2m
+0.17%
total assets
155.6m
+0.89%
cash
19.5m
+1.24%
net assets
Total assets minus all liabilities
hcrg care services ltd company details
company number
07557877
Type
Private limited with Share Capital
industry
86210 - General medical practice activities
incorporation date
March 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
virgin care services limited (December 2021)
assura community services limited (February 2012)
accountant
-
auditor
MHA
address
the heath business and technical, runcorn, cheshire, WA7 4QX
Bank
-
Legal Advisor
-
hcrg care services 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 3 charges/mortgages relating to hcrg care services ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
hcrg care services ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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hcrg care services ltd Companies House Filings - See Documents
| date | description | view/download |
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