Midco Care Limited

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midco care limited Company Information

Live

EstablishedMidHigh

Company Number

08397525

Website

www.midco-care.co.uk

Registered Address

laxton house 191 lincoln road, peterborough, PE1 2PN

Industry

Social work activities without accommodation for the elderly and disabled

Telephone

01733530580

Next Accounts Due

November 2024

Group Structure

View All

Directors

Mzingaye Bhebe11 Years

Liteboho Bhebe4 Years

Shareholders

mzingaye bhebe 50%

liteboho bhebe 50%

midco care limited Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of MIDCO CARE LIMITED at £3.6m based on a Turnover of £6.8m and 0.53x industry multiple (adjusted for size and gross margin).

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Midco Care Limited is a live company located in peterborough, PE1 2PN with a Companies House number of 08397525. It operates in the social work activities without accommodation for the elderly and disabled sector, SIC Code 88100. Founded in February 2013, it's largest shareholder is mzingaye bhebe with a 50% stake. Midco Care Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.8m with high growth in recent years.

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Pomanda's financial health check has awarded Midco Care Limited a 3 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

Health Rating3out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £6.8m, make it larger than the average company (£469.1k)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (2.6%)

EXPORT

Midco Care Limited's latest turnover from February 2023 is estimated at £6.8 million and the company has net assets of £322.2 thousand. According to their latest financial statements, Midco Care Limited has 243 employees and maintains cash reserves of £7.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014
Turnover	6,812,573	6,779,258	3,720,134	3,577,498	4,017,107	2,220,597	1,419,416	2,049,094	1,395,292	790,477
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,637,332	4,668,130	2,456,894	2,443,204	2,916,548	1,608,696	1,017,698	1,446,055	954,762	511,780
Gross Profit	2,175,241	2,111,128	1,263,240	1,134,293	1,100,559	611,901	401,717	603,039	440,530	278,696
Admin Expenses	2,036,445	2,011,130	1,198,701	1,172,296	1,137,524	627,866	357,479	525,896	356,774	269,334
Operating Profit	138,796	99,998	64,539	-38,003	-36,965	-15,965	44,238	77,143	83,756	9,362
Interest Payable	4,757	3,183	1,779	98	0	0	0	0	0	0
Interest Receivable	3,192	854	139	505	441	198	49	228	160	11
Pre-Tax Profit	137,231	97,669	62,899	-37,596	-36,524	-15,767	44,286	77,371	83,916	9,373
Tax	-26,074	-18,557	-11,951	0	0	0	-8,857	-15,474	-17,622	-2,156
Profit After Tax	111,157	79,112	50,948	-37,596	-36,524	-15,767	35,429	61,897	66,294	7,217
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	111,157	79,112	50,948	-37,596	-36,524	-15,767	35,429	61,897	66,294	7,217
Employee Costs	4,667,183	4,078,232	3,657,433	3,144,980	2,476,916	1,412,955	990,602	857,377	899,935	515,784
Number Of Employees	243	220	210	185	149	85	59	51	52	30
EBITDA*	169,615	120,695	71,918	-28,982	-26,036	-7,804	56,312	88,552	89,628	10,292

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014
Tangible Assets	80,727	51,605	20,919	24,850	28,079	18,107	38,099	30,376	16,070	2,135
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	660	660	660	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	3,116	0	0	0	0
Total Fixed Assets	80,727	51,605	20,919	25,510	28,739	21,883	38,099	30,376	16,070	2,135
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	519,725	300,150	70,170	60,271	239,927	155,969	77,195	145,533	44,755	43,727
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	278,508	205,432	89,173	114,597	60,696	94,466	88,708	0	0	0
Cash	7,163	152,424	189,238	88,737	45,842	71,886	7,465	31,460	59,687	4,327
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	805,396	658,006	348,581	263,605	346,465	322,321	173,368	176,993	104,442	48,054
total assets	886,123	709,611	369,500	289,115	375,204	344,204	211,467	207,369	120,512	50,189
Bank overdraft	20,133	0	5,450	2,891	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	123,977	167,921	50,746	80,506	79,946	51,234	0	71,911	46,951	42,922
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	387,296	288,130	131,356	124,718	176,662	137,850	40,580	0	0	0
total current liabilities	531,406	456,051	187,552	208,115	256,608	189,084	40,580	71,911	46,951	42,922
loans	32,500	42,500	50,000	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	32,500	42,500	50,000	0	0	0	0	0	0	0
total liabilities	563,906	498,551	237,552	208,115	256,608	189,084	40,580	71,911	46,951	42,922
net assets	322,217	211,060	131,948	81,000	118,596	155,120	170,887	135,458	73,561	7,267
total shareholders funds	322,217	211,060	131,948	81,000	118,596	155,120	170,887	135,458	73,561	7,267

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014
Operating Activities
Operating Profit	138,796	99,998	64,539	-38,003	-36,965	-15,965	44,238	77,143	83,756	9,362
Depreciation	30,819	20,697	7,379	9,021	10,929	8,161	12,074	11,409	5,872	930
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-26,074	-18,557	-11,951	0	0	0	-8,857	-15,474	-17,622	-2,156
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	292,651	346,239	-15,525	-125,755	47,072	87,648	20,370	100,778	1,028	43,727
Creditors	-43,944	117,175	-29,760	560	28,712	51,234	-71,911	24,960	4,029	42,922
Accruals and Deferred Income	99,166	156,774	6,638	-51,944	38,812	97,270	40,580	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-93,888	29,848	52,370	45,389	-5,584	53,052	-4,246	-2,740	75,007	7,331
Investing Activities
capital expenditure	-59,941	-51,383	-3,448	-5,792	-20,901	11,831	-19,797	-25,715	-19,807	-3,065
Change in Investments	0	0	-660	0	0	660	0	0	0	0
cash flow from investments	-59,941	-51,383	-2,788	-5,792	-20,901	11,171	-19,797	-25,715	-19,807	-3,065
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-7,500	50,000	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	50
interest	-1,565	-2,329	-1,640	407	441	198	49	228	160	11
cash flow from financing	-11,565	-9,829	48,360	407	441	198	49	228	160	61
cash and cash equivalents
cash	-145,261	-36,814	100,501	42,895	-26,044	64,421	-23,995	-28,227	55,360	4,327
overdraft	20,133	-5,450	2,559	2,891	0	0	0	0	0	0
change in cash	-165,394	-31,364	97,942	40,004	-26,044	64,421	-23,995	-28,227	55,360	4,327

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDCO CARE LIMITED group structure

Midco Care Limited has no subsidiary companies.

Ultimate parent company

MIDCO CARE LIMITED

08397525

MIDCO CARE LIMITED Shareholders

mzingaye bhebe	50%
liteboho bhebe	50%

Midco Care Limited currently has 2 directors. The longest serving directors include Mr Mzingaye Bhebe (Feb 2013) and Mrs Liteboho Bhebe (Jun 2019).

officer	country	age	start	end	role
Mr Mzingaye Bhebe	England	54 years	Feb 2013	-	Director
Mrs Liteboho Bhebe		49 years	Jun 2019	-	Director

P&L

February 2023

turnover

6.8m

operating profit

138.8k

gross margin

32%

+2.53%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

February 2023

net assets

322.2k

+0.53%

total assets

886.1k

+0.25%

cash

7.2k

-0.95%

net assets

Total assets minus all liabilities

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company number

08397525

Type

Private limited with Share Capital

industry

88100 - Social work activities without accommodation for the elderly and disabled

incorporation date

February 2013

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

laxton house 191 lincoln road, peterborough, PE1 2PN

last accounts submitted

February 2023

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 4 charges/mortgages relating to midco care limited. Currently there are 2 open charges and 2 have been satisfied in the past.

midco care limited Company Information

midco care limited Estimated Valuation

midco care limited Estimated Valuation

midco care limited Estimated Valuation

Midco Care Limited Overview

Midco Care Limited Health Check

MIDCO CARE LIMITED financials

midco care limited Credit Report and Business Information

Midco Care Limited Competitor Analysis

midco care limited Ownership

midco care limited directors

midco care limited company details

midco care limited Charges & Mortgages

midco care limited Companies House Filings - See Documents