claritas health limited
claritas health limited Company Information
Company Number
08364706
Website
www.claritashearing.co.ukRegistered Address
c/o rsm restructuring advisory l, central square, 5th floor, leeds, LS1 4DL
Industry
Retail sale of hearing aids in specialised stores
Activities of head offices
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
claritas group limited 100%
claritas health limited Estimated Valuation
Pomanda estimates the enterprise value of CLARITAS HEALTH LIMITED at £13.9m based on a Turnover of £6.4m and 2.17x industry multiple (adjusted for size and gross margin).
claritas health limited Estimated Valuation
Pomanda estimates the enterprise value of CLARITAS HEALTH LIMITED at £0 based on an EBITDA of £-57.5k and a 6.1x industry multiple (adjusted for size and gross margin).
claritas health limited Estimated Valuation
Pomanda estimates the enterprise value of CLARITAS HEALTH LIMITED at £0 based on Net Assets of £-40.1k and 3.79x industry multiple (adjusted for liquidity).
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Claritas Health Limited Overview
Claritas Health Limited is a dissolved company that was located in leeds, LS1 4DL with a Companies House number of 08364706. It operated in the retail sale of hearing aids sector, SIC Code 47741. Founded in January 2013, it's largest shareholder was claritas group limited with a 100% stake. The last turnover for Claritas Health Limited was estimated at £6.4m.
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Claritas Health Limited Health Check
Pomanda's financial health check has awarded Claritas Health Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £6.4m, make it smaller than the average company (£18m)
- Claritas Health Limited
£18m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.1%)
- Claritas Health Limited
6.1% - Industry AVG
Production
with a gross margin of 44.8%, this company has a comparable cost of product (44.8%)
- Claritas Health Limited
44.8% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (5.9%)
- Claritas Health Limited
5.9% - Industry AVG
Employees
with 36 employees, this is below the industry average (255)
36 - Claritas Health Limited
255 - Industry AVG
Pay Structure
on an average salary of £45.6k, the company has an equivalent pay structure (£45.6k)
- Claritas Health Limited
£45.6k - Industry AVG
Efficiency
resulting in sales per employee of £177.5k, this is more efficient (£130.9k)
- Claritas Health Limited
£130.9k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (35 days)
- Claritas Health Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 128 days, this is slower than average (31 days)
- Claritas Health Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (25 days)
- Claritas Health Limited
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Claritas Health Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.4%, this is a higher level of debt than the average (63%)
101.4% - Claritas Health Limited
63% - Industry AVG
CLARITAS HEALTH LIMITED financials
Claritas Health Limited's latest turnover from June 2017 is estimated at £6.4 million and the company has net assets of -£40.1 thousand. According to their latest financial statements, Claritas Health Limited has 36 employees and maintains cash reserves of £3.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|
| 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 | 36 | 27 | 27 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|
| Tangible Assets | 492,165 | 186,222 | 205,357 | 141,108 |
| Intangible Assets | 10,295 | 3,266 | 1,225 | 1,858 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 502,460 | 189,488 | 206,582 | 142,966 |
| Stock & work in progress | 131,470 | 57,978 | 46,808 | 66,930 |
| Trade Debtors | 690,248 | 503,911 | 208,149 | 745,407 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,543,572 | 727,679 | 717,316 | 0 |
| Cash | 3,211 | 24,821 | 110,941 | 30,529 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 2,368,501 | 1,314,389 | 1,083,214 | 842,866 |
| total assets | 2,870,961 | 1,503,877 | 1,289,796 | 985,832 |
| Bank overdraft | 4,344 | 3,098 | 9,168 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,241,613 | 921,006 | 591,942 | 757,609 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 78,880 | 78,880 | 78,880 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 201,796 | 188,854 | 336,364 | 0 |
| total current liabilities | 1,526,633 | 1,191,838 | 1,016,354 | 757,609 |
| loans | 1,351,768 | 130,648 | 209,528 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 120,000 |
| provisions | 32,695 | 31,332 | 39,455 | 0 |
| total long term liabilities | 1,384,463 | 161,980 | 248,983 | 120,000 |
| total liabilities | 2,911,096 | 1,353,818 | 1,265,337 | 877,609 |
| net assets | -40,135 | 150,059 | 24,459 | 108,223 |
| total shareholders funds | -40,135 | 150,059 | 24,459 | 108,223 |
| Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 78,580 | 69,140 | 49,965 | 18,704 |
| Amortisation | 2,665 | 1,397 | 633 | 42 |
| Tax | ||||
| Stock | 73,492 | 11,170 | -20,122 | 66,930 |
| Debtors | 1,002,230 | 306,125 | 180,058 | 745,407 |
| Creditors | 320,607 | 329,064 | -165,667 | 757,609 |
| Accruals and Deferred Income | 12,942 | -147,510 | 336,364 | 0 |
| Deferred Taxes & Provisions | 1,363 | -8,123 | 39,455 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 78,880 | 0 |
| Long term loans | 1,221,120 | -78,880 | 209,528 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -120,000 | 120,000 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -21,610 | -86,120 | 80,412 | 30,529 |
| overdraft | 1,246 | -6,070 | 9,168 | 0 |
| change in cash | -22,856 | -80,050 | 71,244 | 30,529 |
claritas health limited Credit Report and Business Information
Claritas Health Limited Competitor Analysis
Perform a competitor analysis for claritas health limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
claritas health limited Ownership
CLARITAS HEALTH LIMITED group structure
Claritas Health Limited has no subsidiary companies.
claritas health limited directors
Claritas Health Limited currently has 4 directors. The longest serving directors include Mr Daniel Bernstein (Jan 2013) and Mr Richard Jones (Jan 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Bernstein | United Kingdom | 45 years | Jan 2013 | - | Director |
| Mr Richard Jones | England | 51 years | Jan 2013 | - | Director |
| Ms Clare Kewney | England | 49 years | Jan 2013 | - | Director |
| Mr Mark Harwood | United Kingdom | 60 years | Jan 2013 | - | Director |
P&L
June 2017turnover
6.4m
+32%
operating profit
-138.7k
0%
gross margin
44.8%
+0.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2017net assets
-40.1k
-1.27%
total assets
2.9m
+0.91%
cash
3.2k
-0.87%
net assets
Total assets minus all liabilities
claritas health limited company details
company number
08364706
Type
Private limited with Share Capital
industry
47741 - Retail sale of hearing aids in specialised stores
70100 - Activities of head offices
incorporation date
January 2013
age
11
accounts
Total Exemption Full
ultimate parent company
previous names
uk hearing care management services limited (January 2018)
uk hearing care ltd (February 2013)
incorporated
UK
address
c/o rsm restructuring advisory l, central square, 5th floor, leeds, LS1 4DL
last accounts submitted
June 2017
claritas health 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 3 charges/mortgages relating to claritas health limited. Currently there are 3 open charges and 0 have been satisfied in the past.
claritas health limited Companies House Filings - See Documents
| date | description | view/download |
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