practice plus group limited
practice plus group limited Company Information
Company Number
07669163
Website
www.careukhealthcare.comRegistered Address
hawker house 5-6 napier court, napier road, reading, RG1 8BW
Industry
Other human health activities
Telephone
01206752266
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
marjorie gillespie 100%
practice plus group limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE PLUS GROUP LIMITED at £1.1m based on a Turnover of £2.7m and 0.42x industry multiple (adjusted for size and gross margin).
practice plus group limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE PLUS GROUP LIMITED at £2.9m based on an EBITDA of £754k and a 3.84x industry multiple (adjusted for size and gross margin).
practice plus group limited Estimated Valuation
Pomanda estimates the enterprise value of PRACTICE PLUS GROUP LIMITED at £13.6m based on Net Assets of £5.9m and 2.32x industry multiple (adjusted for liquidity).
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Practice Plus Group Limited Overview
Practice Plus Group Limited is a dissolved company that was located in reading, RG1 8BW with a Companies House number of 07669163. It operated in the other human health activities sector, SIC Code 86900. Founded in June 2011, it's largest shareholder was marjorie gillespie with a 100% stake. The last turnover for Practice Plus Group Limited was estimated at £2.7m.
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Practice Plus Group Limited Health Check
Pomanda's financial health check has awarded Practice Plus Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £2.7m, make it larger than the average company (£692.1k)
£2.7m - Practice Plus Group Limited
£692.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (4.3%)
-14% - Practice Plus Group Limited
4.3% - Industry AVG
Production
with a gross margin of 36.7%, this company has a comparable cost of product (34.9%)
36.7% - Practice Plus Group Limited
34.9% - Industry AVG
Profitability
an operating margin of 27.7% make it more profitable than the average company (6.6%)
27.7% - Practice Plus Group Limited
6.6% - Industry AVG
Employees
with 12 employees, this is below the industry average (19)
12 - Practice Plus Group Limited
19 - Industry AVG
Pay Structure
on an average salary of £22.4k, the company has an equivalent pay structure (£22.4k)
- Practice Plus Group Limited
£22.4k - Industry AVG
Efficiency
resulting in sales per employee of £226.6k, this is more efficient (£42.5k)
£226.6k - Practice Plus Group Limited
£42.5k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is later than average (20 days)
31 days - Practice Plus Group Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (16 days)
1 days - Practice Plus Group Limited
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Practice Plus Group Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Practice Plus Group Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.2%, this is a lower level of debt than the average (24.3%)
2.2% - Practice Plus Group Limited
24.3% - Industry AVG
PRACTICE PLUS GROUP LIMITED financials
Practice Plus Group Limited's latest turnover from September 2020 is £2.7 million and the company has net assets of £5.9 million. According to their latest financial statements, Practice Plus Group Limited has 12 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,719,000 | 5,126,000 | 4,569,000 | 4,225,000 | 3,990,000 | 4,132,000 | 4,545,000 | 2,790,000 | 84,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,722,000 | 3,521,000 | 3,162,000 | 2,631,000 | 2,611,000 | 3,000,000 | 3,941,000 | 3,290,000 | 84,000 |
| Gross Profit | 997,000 | 1,605,000 | 1,407,000 | 1,594,000 | 1,379,000 | 1,132,000 | 604,000 | -500,000 | 0 |
| Admin Expenses | 243,000 | 198,000 | 184,000 | 454,000 | 564,000 | 556,000 | 418,000 | 13,000 | 0 |
| Operating Profit | 754,000 | 1,407,000 | 1,223,000 | 1,140,000 | 815,000 | 576,000 | 186,000 | -513,000 | 0 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 24,000 | 4,000 | 0 |
| Interest Receivable | 0 | 0 | 240,000 | 135,000 | 87,000 | 41,000 | 2,000 | 0 | 0 |
| Pre-Tax Profit | 1,173,000 | 1,571,000 | 1,463,000 | 1,275,000 | 902,000 | 617,000 | 164,000 | -1,535,000 | 0 |
| Tax | -18,000 | -29,000 | -57,000 | -1,000 | 1,000 | -18,000 | 9,000 | 354,000 | 0 |
| Profit After Tax | 1,155,000 | 1,542,000 | 1,406,000 | 1,274,000 | 903,000 | 599,000 | 173,000 | -1,181,000 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,155,000 | 1,542,000 | 1,406,000 | 1,274,000 | 903,000 | 599,000 | 173,000 | -1,181,000 | 0 |
| Employee Costs | 886,000 | 892,000 | 994,000 | 957,000 | 1,115,000 | 1,775,000 | 1,469,000 | 58,000 | |
| Number Of Employees | 12 | 27 | 29 | 33 | 33 | 40 | 51 | 49 | 2 |
| EBITDA* | 754,000 | 1,416,000 | 1,232,000 | 1,152,000 | 839,000 | 615,000 | 315,000 | -486,000 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 9,000 | 16,000 | 17,000 | 37,000 | 57,000 | 175,000 | 50,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 761,000 | 552,000 | 363,000 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 9,000 | 16,000 | 778,000 | 589,000 | 420,000 | 175,000 | 50,000 |
| Stock & work in progress | 0 | 25,000 | 10,000 | 5,000 | 5,000 | 0 | 3,000 | 3,000 | 0 |
| Trade Debtors | 231,000 | 448,000 | 361,000 | 2,725,000 | 278,000 | 313,000 | 303,000 | 313,000 | 0 |
| Group Debtors | 5,736,000 | 4,859,000 | 4,074,000 | 0 | 0 | 335,000 | 355,000 | 375,000 | 0 |
| Misc Debtors | 34,000 | 311,000 | 48,000 | 0 | 49,000 | 229,000 | 198,000 | 97,000 | 2,000 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,001,000 | 5,643,000 | 4,493,000 | 2,730,000 | 332,000 | 877,000 | 859,000 | 788,000 | 2,000 |
| total assets | 6,001,000 | 5,643,000 | 4,502,000 | 2,746,000 | 1,110,000 | 1,466,000 | 1,279,000 | 963,000 | 52,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,000 | 239,000 | 112,000 | 259,000 | 162,000 | 89,000 | 237,000 | 126,000 | 7,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 197,000 | 0 | 0 | 20,000 | 0 | 27,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 122,000 | 688,000 | 1,216,000 | 522,000 | 454,000 | 1,021,000 | 1,612,000 | 1,573,000 | 18,000 |
| total current liabilities | 130,000 | 927,000 | 1,328,000 | 978,000 | 616,000 | 1,110,000 | 1,869,000 | 1,699,000 | 52,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 765,000 | 418,000 | 444,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 765,000 | 418,000 | 445,000 | 0 |
| total liabilities | 130,000 | 927,000 | 1,328,000 | 978,000 | 616,000 | 1,875,000 | 2,287,000 | 2,144,000 | 52,000 |
| net assets | 5,871,000 | 4,716,000 | 3,174,000 | 1,768,000 | 494,000 | -409,000 | -1,008,000 | -1,181,000 | 0 |
| total shareholders funds | 5,871,000 | 4,716,000 | 3,174,000 | 1,768,000 | 494,000 | -409,000 | -1,008,000 | -1,181,000 | 0 |
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 754,000 | 1,407,000 | 1,223,000 | 1,140,000 | 815,000 | 576,000 | 186,000 | -513,000 | 0 |
| Depreciation | 0 | 9,000 | 9,000 | 12,000 | 24,000 | 39,000 | 129,000 | 27,000 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -18,000 | -29,000 | -57,000 | -1,000 | 1,000 | -18,000 | 9,000 | 354,000 | 0 |
| Stock | -25,000 | 15,000 | 5,000 | 0 | 5,000 | -3,000 | 0 | 3,000 | 0 |
| Debtors | 383,000 | 1,135,000 | 1,758,000 | 1,637,000 | -341,000 | 210,000 | 434,000 | 783,000 | 2,000 |
| Creditors | -231,000 | 127,000 | -147,000 | 97,000 | 73,000 | -148,000 | 111,000 | 119,000 | 7,000 |
| Accruals and Deferred Income | -566,000 | -528,000 | 694,000 | 68,000 | -567,000 | -591,000 | 39,000 | 1,555,000 | 18,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | 1,000 | 0 |
| Cash flow from operations | -419,000 | -164,000 | -41,000 | -321,000 | 682,000 | -349,000 | 39,000 | 757,000 | 23,000 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | -197,000 | 197,000 | 0 | -20,000 | 20,000 | -27,000 | 27,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -765,000 | 347,000 | -26,000 | 444,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | 0 | 240,000 | 135,000 | 87,000 | 41,000 | -22,000 | -4,000 | 0 |
| cash flow from financing | 0 | 0 | 43,000 | 332,000 | -678,000 | 368,000 | -28,000 | 413,000 | 27,000 |
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
practice plus group limited Credit Report and Business Information
Practice Plus Group Limited Competitor Analysis
Perform a competitor analysis for practice plus group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
practice plus group limited Ownership
PRACTICE PLUS GROUP LIMITED group structure
Practice Plus Group Limited has no subsidiary companies.
Ultimate parent company
2 parents
PRACTICE PLUS GROUP LIMITED
07669163
practice plus group limited directors
Practice Plus Group Limited currently has 2 directors. The longest serving directors include Mr James Easton (Feb 2013) and Mr David Stickland (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Easton | England | 60 years | Feb 2013 | - | Director |
| Mr David Stickland | 55 years | Nov 2019 | - | Director |
P&L
September 2020turnover
2.7m
-47%
operating profit
754k
-46%
gross margin
36.7%
+17.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2020net assets
5.9m
+0.24%
total assets
6m
+0.06%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
practice plus group limited company details
company number
07669163
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
June 2011
age
13
accounts
Full Accounts
ultimate parent company
previous names
care uk practices limited (October 2020)
incorporated
UK
address
hawker house 5-6 napier court, napier road, reading, RG1 8BW
last accounts submitted
September 2020
practice plus group limited 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 plus group limited. Currently there are 0 open charges and 1 have been satisfied in the past.
practice plus group limited Companies House Filings - See Documents
| date | description | view/download |
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