healthwork group limited Company Information
Company Number
08842488
Website
https://gelcompany.comRegistered Address
20 grosvenor place, london, SW1X 7HN
Industry
Specialist medical practice activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
marlowe occupational health group ltd 100%
healthwork group limited Estimated Valuation
Pomanda estimates the enterprise value of HEALTHWORK GROUP LIMITED at £9m based on a Turnover of £17.8m and 0.5x industry multiple (adjusted for size and gross margin).
healthwork group limited Estimated Valuation
Pomanda estimates the enterprise value of HEALTHWORK GROUP LIMITED at £9.2m based on an EBITDA of £2.5m and a 3.73x industry multiple (adjusted for size and gross margin).
healthwork group limited Estimated Valuation
Pomanda estimates the enterprise value of HEALTHWORK GROUP LIMITED at £8.2m based on Net Assets of £3.7m and 2.19x industry multiple (adjusted for liquidity).
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Healthwork Group Limited Overview
Healthwork Group Limited is a live company located in london, SW1X 7HN with a Companies House number of 08842488. It operates in the specialists medical practice activities sector, SIC Code 86220. Founded in January 2014, it's largest shareholder is marlowe occupational health group ltd with a 100% stake. Healthwork Group Limited is a established, mid sized company, Pomanda has estimated its turnover at £17.8m with rapid growth in recent years.
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Healthwork Group Limited Health Check
Pomanda's financial health check has awarded Healthwork Group Limited 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 £17.8m, make it larger than the average company (£539.4k)
£17.8m - Healthwork Group Limited
£539.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (5.4%)
46% - Healthwork Group Limited
5.4% - Industry AVG
Production
with a gross margin of 23.2%, this company has a higher cost of product (53.7%)
23.2% - Healthwork Group Limited
53.7% - Industry AVG
Profitability
an operating margin of 13.1% make it as profitable than the average company (13.1%)
13.1% - Healthwork Group Limited
13.1% - Industry AVG
Employees
with 272 employees, this is above the industry average (14)
272 - Healthwork Group Limited
14 - Industry AVG
Pay Structure
on an average salary of £43.2k, the company has a higher pay structure (£29.1k)
£43.2k - Healthwork Group Limited
£29.1k - Industry AVG
Efficiency
resulting in sales per employee of £65.4k, this is equally as efficient (£69k)
£65.4k - Healthwork Group Limited
£69k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (31 days)
58 days - Healthwork Group Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (40 days)
20 days - Healthwork Group Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (14 days)
1 days - Healthwork Group Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 33 weeks, this is less cash available to meet short term requirements (97 weeks)
33 weeks - Healthwork Group Limited
97 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.9%, this is a higher level of debt than the average (29.7%)
45.9% - Healthwork Group Limited
29.7% - Industry AVG
healthwork group limited Credit Report and Business Information
Healthwork Group Limited Competitor Analysis
Perform a competitor analysis for healthwork group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
healthwork group limited Ownership
HEALTHWORK GROUP LIMITED group structure
Healthwork Group Limited has 1 subsidiary company.
Ultimate parent company
1 parent
HEALTHWORK GROUP LIMITED
08842488
1 subsidiary
healthwork group limited directors
Healthwork Group Limited currently has 2 directors. The longest serving directors include Mr Alexander Dacre (Jun 2021) and Mr Adam Councell (Oct 2021).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Alexander Dacre | England | 36 years | Jun 2021 | - | Director |
Mr Adam Councell | England | 45 years | Oct 2021 | - | Director |
HEALTHWORK GROUP LIMITED financials
Healthwork Group Limited's latest turnover from March 2023 is £17.8 million and the company has net assets of £3.7 million. According to their latest financial statements, Healthwork Group Limited has 272 employees and maintains cash reserves of £2 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 | |
---|---|---|---|---|---|---|---|---|---|
Turnover | 17,797,596 | 10,781,349 | 10,392,363 | 5,716,565 | |||||
Other Income Or Grants | 0 | 0 | 0 | 0 | |||||
Cost Of Sales | 13,674,346 | 6,008,005 | 4,550,917 | 2,904,451 | |||||
Gross Profit | 4,123,250 | 4,773,344 | 5,841,446 | 2,812,114 | |||||
Admin Expenses | 1,800,121 | 5,770,277 | 2,709,722 | 2,134,767 | |||||
Operating Profit | 2,323,129 | -996,933 | 3,131,724 | 677,347 | |||||
Interest Payable | 548 | 9,405 | 14,798 | 7,698 | |||||
Interest Receivable | 0 | 171 | 1,249,203 | 80 | |||||
Pre-Tax Profit | 2,322,551 | -1,006,167 | 3,117,864 | 734,396 | |||||
Tax | -160,024 | 56,589 | -538,393 | 63,965 | |||||
Profit After Tax | 2,162,527 | -949,578 | 2,579,471 | 798,361 | |||||
Dividends Paid | 0 | 120,000 | 705,000 | 636,625 | |||||
Retained Profit | 2,162,527 | -1,069,578 | 1,874,471 | 161,736 | |||||
Employee Costs | 11,753,046 | 6,689,330 | 4,286,615 | 2,678,932 | |||||
Number Of Employees | 272 | 148 | 119 | 80 | 88 | 69 | 56 | ||
EBITDA* | 2,469,664 | -916,059 | 3,233,010 | 737,040 |
* 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 | |
---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 515,046 | 259,920 | 185,506 | 213,218 | 210,413 | 212,265 | 351,322 | 241,069 | 283,005 |
Intangible Assets | 0 | 0 | 481,833 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 1,276,679 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 515,046 | 259,920 | 667,339 | 1,489,897 | 210,413 | 212,265 | 351,322 | 241,069 | 283,005 |
Stock & work in progress | 66,584 | 47,484 | 47,514 | 12,260 | 9,645 | 6,366 | 0 | 0 | 0 |
Trade Debtors | 2,860,116 | 1,568,263 | 1,864,711 | 1,385,000 | 612,760 | 506,601 | 443,829 | 447,263 | 1,046,353 |
Group Debtors | 0 | 897,147 | 1,864,288 | 325,994 | 294,559 | 227,428 | 417,325 | 440,338 | 0 |
Misc Debtors | 1,477,524 | 357,433 | 389,283 | 422,735 | 316,526 | 261,002 | 214,612 | 91,247 | 0 |
Cash | 1,971,214 | 344,334 | 854,300 | 145,368 | 101,946 | 160,431 | 127,459 | 44,409 | 43,263 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 6,375,438 | 3,214,661 | 5,020,096 | 2,291,357 | 1,335,436 | 1,161,828 | 1,203,225 | 1,023,257 | 1,089,616 |
total assets | 6,890,484 | 3,474,581 | 5,687,435 | 3,781,254 | 1,545,849 | 1,374,093 | 1,554,547 | 1,264,326 | 1,372,621 |
Bank overdraft | 0 | 0 | 0 | 2 | 159 | 0 | 10,550 | 18,579 | 0 |
Bank loan | 0 | 0 | 750,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 778,357 | 485,008 | 621,449 | 737,866 | 342,126 | 280,810 | 190,655 | 207,678 | 616,988 |
Group/Directors Accounts | 562,870 | 182,817 | 0 | 1,265,803 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 9,167 | 205,000 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 1,971 | 0 | 0 | 50,629 | 137,148 | 36,875 | 141,527 | 33,905 | 0 |
other current liabilities | 1,675,100 | 1,167,328 | 1,582,844 | 720,816 | 427,394 | 364,012 | 643,780 | 565,007 | 0 |
total current liabilities | 3,018,298 | 1,835,153 | 2,963,460 | 2,980,116 | 906,827 | 681,697 | 986,512 | 825,169 | 616,988 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,457 | 0 |
hp & lease commitments | 1,939 | 0 | 0 | 6,340 | 0 | 137,138 | 174,013 | 133,010 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 53,378 | 0 | 0 | 0 | 0 | 0 | 191,183 |
provisions | 141,947 | 73,655 | 35,246 | 33,918 | 39,978 | 40,330 | 54,282 | 35,284 | 32,416 |
total long term liabilities | 143,886 | 73,655 | 88,624 | 40,258 | 39,978 | 177,468 | 228,295 | 177,751 | 223,599 |
total liabilities | 3,162,184 | 1,908,808 | 3,052,084 | 3,020,374 | 946,805 | 859,165 | 1,214,807 | 1,002,920 | 840,587 |
net assets | 3,728,300 | 1,565,773 | 2,635,351 | 760,880 | 599,044 | 514,928 | 339,740 | 261,406 | 532,034 |
total shareholders funds | 3,728,300 | 1,565,773 | 2,635,351 | 760,880 | 599,044 | 514,928 | 339,740 | 261,406 | 532,034 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Operating Profit | 2,323,129 | -996,933 | 3,131,724 | 677,347 | |||||
Depreciation | 146,535 | 72,707 | 64,707 | 59,693 | 51,118 | 82,421 | 101,740 | 71,915 | 24,195 |
Amortisation | 0 | 8,167 | 36,579 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -160,024 | 56,589 | -538,393 | 63,965 | |||||
Stock | 19,100 | -30 | 35,254 | 2,615 | 3,279 | 6,366 | 0 | 0 | 0 |
Debtors | 1,514,797 | -1,295,439 | 1,984,553 | 909,884 | 228,814 | -80,735 | 96,918 | -67,505 | 1,046,353 |
Creditors | 293,349 | -136,441 | -116,417 | 395,740 | 61,316 | 90,155 | -17,023 | -409,310 | 616,988 |
Accruals and Deferred Income | 507,772 | -415,516 | 862,028 | 293,422 | 63,382 | -279,768 | 78,773 | 565,007 | 0 |
Deferred Taxes & Provisions | 68,292 | 38,409 | 1,328 | -6,060 | -352 | -13,952 | 18,998 | 2,868 | 32,416 |
Cash flow from operations | 1,645,156 | -77,549 | 1,421,749 | 571,608 | |||||
Investing Activities | |||||||||
capital expenditure | 0 | ||||||||
Change in Investments | 0 | 0 | -1,276,679 | 1,276,679 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | -1,276,679 | ||||||||
Financing Activities | |||||||||
Bank loans | 0 | -750,000 | 750,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 380,053 | 182,817 | -1,265,803 | 1,265,803 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | -9,167 | -195,833 | 205,000 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -9,457 | 9,457 | 0 |
Hire Purchase and Lease Commitments | 3,910 | 0 | -56,969 | -80,179 | -36,865 | -141,527 | 148,625 | 166,915 | 0 |
other long term liabilities | 0 | -53,378 | 53,378 | 0 | 0 | 0 | 0 | -191,183 | 191,183 |
share issue | |||||||||
interest | -548 | -9,234 | 1,234,405 | -7,618 | |||||
cash flow from financing | 383,415 | -638,962 | 519,178 | 1,383,106 | |||||
cash and cash equivalents | |||||||||
cash | 1,626,880 | -509,966 | 708,932 | 43,422 | -58,485 | 32,972 | 83,050 | 1,146 | 43,263 |
overdraft | 0 | 0 | -2 | -157 | 159 | -10,550 | -8,029 | 18,579 | 0 |
change in cash | 1,626,880 | -509,966 | 708,934 | 43,579 | -58,644 | 43,522 | 91,079 | -17,433 | 43,263 |
P&L
March 2023turnover
17.8m
+65%
operating profit
2.3m
-333%
gross margin
23.2%
-47.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.7m
+1.38%
total assets
6.9m
+0.98%
cash
2m
+4.72%
net assets
Total assets minus all liabilities
Similar Companies
healthwork group limited company details
company number
08842488
Type
Private limited with Share Capital
industry
86220 - Specialist medical practice activities
incorporation date
January 2014
age
10
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
gel limited (June 2021)
incorporated
UK
address
20 grosvenor place, london, SW1X 7HN
last accounts submitted
March 2023
healthwork 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 5 charges/mortgages relating to healthwork group limited. Currently there are 0 open charges and 5 have been satisfied in the past.
healthwork group limited Companies House Filings - See Documents
date | description | view/download |
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