Goodwin Healthcare Services Ltd

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goodwin healthcare services ltd Company Information

Live

EstablishedSmallDeclining

Company Number

08461130

Website

www.goodwinhealthcare.co.uk

Registered Address

suite 15 and 16, normanby gateway, scunthorpe, north lincolnshire, DN15 9YG

Industry

Other residential care activities

Temporary employment agency activities

Telephone

01724231100

Next Accounts Due

December 2024

Group Structure

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Directors

Matthew Goodwin11 Years

Claire Millington3 Years

Shareholders

gina goodwin & matthew goodwin 20%

claire millington 20%

View All

goodwin healthcare services ltd Estimated Valuation

£693.1k

Pomanda estimates the enterprise value of GOODWIN HEALTHCARE SERVICES LTD at £693.1k based on a Turnover of £2.2m and 0.31x industry multiple (adjusted for size and gross margin).

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Goodwin Healthcare Services Ltd is a live company located in scunthorpe, DN15 9YG with a Companies House number of 08461130. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in March 2013, it's largest shareholder is gina goodwin & matthew goodwin with a 20% stake. Goodwin Healthcare Services Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Goodwin Healthcare Services Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£7.5m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (4%)

EXPORT

Goodwin Healthcare Services Ltd's latest turnover from March 2023 is estimated at £2.2 million and the company has net assets of £34.9 thousand. According to their latest financial statements, Goodwin Healthcare Services Ltd has 82 employees and maintains cash reserves of £53 thousand 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
Turnover	2,225,535	2,139,190	2,676,280	2,413,754	1,584,307	1,294,308	1,150,109	154,583	731,055	157,597
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,822,778	1,765,056	2,223,981	1,954,408	1,273,410	1,027,550	918,246	124,028	587,982	125,519
Gross Profit	402,757	374,134	452,299	484,664	392,246	266,758	231,863	30,555	143,073	32,078
Admin Expenses	405,485	391,214	415,469	307,571	255,007	217,251	226,677	5,263	162,620	74,428
Operating Profit	-2,728	-17,080	36,830	177,093	137,239	49,507	5,186	25,292	-19,547	-42,350
Interest Payable	0	0	0	7,973	3,383	0	824	857	0	0
Interest Receivable	1,902	441	53	4	120	62	0	0	0	0
Pre-Tax Profit	-826	-16,639	36,883	169,124	133,856	49,569	4,361	24,435	-19,547	-42,350
Tax	0	0	-7,008	-31,442	-25,362	-9,418	-872	-4,887	0	0
Profit After Tax	-826	-16,639	29,875	137,682	108,494	40,151	3,489	19,548	-19,547	-42,350
Dividends Paid	0	0	0	114,000	111,000	0	0	0	0	0
Retained Profit	-826	-16,639	29,875	23,682	-2,506	40,151	3,489	19,548	-19,547	-42,350
Employee Costs	3,016,783	2,644,382	2,715,911	2,589,240	1,782,857	1,543,567	1,341,030	58,168	259,455	57,639
Number Of Employees	82	79	86	84	60	52	46	2	9	2
EBITDA*	157	-13,212	48,853	188,828	150,403	51,019	9,748	29,038	-17,839	-40,552

* 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
Tangible Assets	9,215	12,100	15,968	60,957	40,204	1,769	11,067	14,429	2,880	3,388
Intangible Assets	0	0	0	0	0	0	1,200	2,400	3,600	4,800
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	9,215	12,100	15,968	60,957	40,204	1,769	12,267	16,829	6,480	8,188
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	207,714	206,481	258,529	211,164	136,791	104,253	93,593	27,284	59,732	22,429
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	52,989	36,514	81,152	25,099	7,023	24,880	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	260,703	242,995	339,681	236,263	143,814	129,133	93,593	27,284	59,732	22,429
total assets	269,918	255,095	355,649	297,220	184,018	130,902	105,860	44,113	66,212	30,617
Bank overdraft	0	0	0	0	0	0	0	26,381	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	209,086	180,585	246,877	223,214	149,405	129,610	144,719	2,086	128,108	0
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	0	0	0	0	0	0	0	57,995	0	0
total current liabilities	209,086	180,585	246,877	223,214	149,405	129,610	144,719	86,462	128,108	0
loans	0	0	0	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	25,950	38,802	56,425	51,535	35,824	0	0	0	0	72,966
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	25,950	38,802	56,425	51,535	35,824	0	0	0	0	72,966
total liabilities	235,036	219,387	303,302	274,749	185,229	129,610	144,719	86,462	128,108	72,966
net assets	34,882	35,708	52,347	22,471	-1,211	1,292	-38,859	-42,349	-61,896	-42,349
total shareholders funds	34,882	35,708	52,347	22,471	-1,211	1,292	-38,859	-42,349	-61,896	-42,349

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	-2,728	-17,080	36,830	177,093	137,239	49,507	5,186	25,292	-19,547	-42,350
Depreciation	2,885	3,868	12,023	11,735	13,164	312	3,362	2,546	508	598
Amortisation	0	0	0	0	0	1,200	1,200	1,200	1,200	1,200
Tax	0	0	-7,008	-31,442	-25,362	-9,418	-872	-4,887	0	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	1,233	-52,048	47,365	74,373	32,538	10,660	66,309	-32,448	37,303	22,429
Creditors	28,501	-66,292	23,663	73,809	19,795	-15,109	142,633	-126,022	128,108	0
Accruals and Deferred Income	0	0	0	0	0	0	-57,995	57,995	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	27,425	-27,456	18,143	156,822	112,298	15,832	27,205	-11,428	72,966	-62,981
Investing Activities
capital expenditure	0	0	32,966	-32,488	-51,599	8,986	0	-14,095	0	-9,986
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	32,966	-32,488	-51,599	8,986	0	-14,095	0	-9,986
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	0	0	0	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	-12,852	-17,623	4,890	15,711	35,824	0	0	0	-72,966	72,966
share issue	0	0	1	0	3	0	1	-1	0	1
interest	1,902	441	53	-7,969	-3,263	62	-824	-857	0	0
cash flow from financing	-10,950	-17,182	4,944	7,742	32,564	62	-823	-858	-72,966	72,967
cash and cash equivalents
cash	16,475	-44,638	56,053	18,076	-17,857	24,880	0	0	0	0
overdraft	0	0	0	0	0	0	-26,381	26,381	0	0
change in cash	16,475	-44,638	56,053	18,076	-17,857	24,880	26,381	-26,381	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOODWIN HEALTHCARE SERVICES LTD group structure

Goodwin Healthcare Services Ltd has no subsidiary companies.

Ultimate parent company

GOODWIN HEALTHCARE SERVICES LTD

08461130

GOODWIN HEALTHCARE SERVICES LTD Shareholders

gina goodwin & matthew goodwin	20%
claire millington	20%
david goodwin	20%
gemma goodwin	20%
matthew goodwin	20%

Goodwin Healthcare Services Ltd currently has 2 directors. The longest serving directors include Mr Matthew Goodwin (Mar 2013) and Mrs Claire Millington (Mar 2021).

officer	country	age	start	end	role
Mr Matthew Goodwin	England	40 years	Mar 2013	-	Director
Mrs Claire Millington	England	43 years	Mar 2021	-	Director

P&L

March 2023

turnover

2.2m

+4%

operating profit

-2.7k

gross margin

18.1%

+3.47%

turnover

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

Balance Sheet

March 2023

net assets

34.9k

-0.02%

total assets

269.9k

+0.06%

cash

53k

+0.45%

net assets

Total assets minus all liabilities

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company number

08461130

Type

Private limited with Share Capital

industry

87900 - Other residential care activities

78200 - Temporary employment agency activities

incorporation date

March 2013

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

clark james north lincolnshire limited (July 2016)

incorporated

address

suite 15 and 16, normanby gateway, scunthorpe, north lincolnshire, DN15 9YG

last accounts submitted

March 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.

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goodwin healthcare services ltd Company Information

goodwin healthcare services ltd Estimated Valuation

goodwin healthcare services ltd Estimated Valuation

goodwin healthcare services ltd Estimated Valuation

Goodwin Healthcare Services Ltd Overview

Goodwin Healthcare Services Ltd Health Check

GOODWIN HEALTHCARE SERVICES LTD financials

goodwin healthcare services ltd Credit Report and Business Information

Goodwin Healthcare Services Ltd Competitor Analysis

goodwin healthcare services ltd Ownership

goodwin healthcare services ltd directors

goodwin healthcare services ltd company details

goodwin healthcare services ltd Charges & Mortgages

goodwin healthcare services ltd Companies House Filings - See Documents