healthwork group limited

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healthwork group limited Company Information

Share HEALTHWORK GROUP LIMITED
Live 
EstablishedMidRapid

Company Number

08842488

Registered Address

20 grosvenor place, london, SW1X 7HN

Industry

Specialist medical practice activities

 

Telephone

-

Next Accounts Due

December 2024

Group Structure

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Directors

Alexander Dacre2 Years

Adam Councell2 Years

Shareholders

marlowe occupational health group ltd 100%

healthwork group limited Estimated Valuation

£9m

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

£9.2m

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

£8.2m

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).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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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

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

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

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

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

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

Employees

with 272 employees, this is above the industry average (14)

272 - Healthwork Group Limited

14 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £65.4k, this is equally as efficient (£69k)

£65.4k - Healthwork Group Limited

£69k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Healthwork Group Limited Competitor Analysis

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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 Shareholders

marlowe occupational health group ltd 100%

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).

officercountryagestartendrole
Mr Alexander DacreEngland36 years Jun 2021- Director
Mr Adam CouncellEngland45 years Oct 2021- Director

HEALTHWORK GROUP LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Turnover17,797,59610,781,34910,392,3635,716,5652,427,8912,005,9521,882,6392,315,0355,783,515
Other Income Or Grants000000000
Cost Of Sales13,674,3466,008,0054,550,9172,904,4511,521,1221,148,6841,032,2341,357,7653,074,900
Gross Profit4,123,2504,773,3445,841,4462,812,114906,769857,268850,405957,2692,708,615
Admin Expenses1,800,1215,770,2772,709,7222,134,767803,901641,363751,4971,227,2052,059,442
Operating Profit2,323,129-996,9333,131,724677,347102,868215,90598,908-269,936649,173
Interest Payable5489,40514,7987,69853431,2069110
Interest Receivable01711,249,20380984720215219108
Pre-Tax Profit2,322,551-1,006,1673,117,864734,396103,847216,28197,918-270,628649,281
Tax-160,02456,589-538,39363,965-19,731-41,093-19,5830-136,349
Profit After Tax2,162,527-949,5782,579,471798,36184,116175,18878,334-270,628512,932
Dividends Paid0120,000705,000636,62500000
Retained Profit2,162,527-1,069,5781,874,471161,73684,116175,18878,334-270,628512,932
Employee Costs11,753,0466,689,3304,286,6152,678,9322,321,0701,695,5991,500,349534,9101,417,231
Number Of Employees272148119808869561847
EBITDA*2,469,664-916,0593,233,010737,040153,986298,326200,648-198,021673,368

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Tangible Assets515,046259,920185,506213,218210,413212,265351,322241,069283,005
Intangible Assets00481,833000000
Investments & Other0001,276,67900000
Debtors (Due After 1 year)000000000
Total Fixed Assets515,046259,920667,3391,489,897210,413212,265351,322241,069283,005
Stock & work in progress66,58447,48447,51412,2609,6456,366000
Trade Debtors2,860,1161,568,2631,864,7111,385,000612,760506,601443,829447,2631,046,353
Group Debtors0897,1471,864,288325,994294,559227,428417,325440,3380
Misc Debtors1,477,524357,433389,283422,735316,526261,002214,61291,2470
Cash1,971,214344,334854,300145,368101,946160,431127,45944,40943,263
misc current assets000000000
total current assets6,375,4383,214,6615,020,0962,291,3571,335,4361,161,8281,203,2251,023,2571,089,616
total assets6,890,4843,474,5815,687,4353,781,2541,545,8491,374,0931,554,5471,264,3261,372,621
Bank overdraft0002159010,55018,5790
Bank loan00750,000000000
Trade Creditors 778,357485,008621,449737,866342,126280,810190,655207,678616,988
Group/Directors Accounts562,870182,81701,265,80300000
other short term finances009,167205,00000000
hp & lease commitments1,9710050,629137,14836,875141,52733,9050
other current liabilities1,675,1001,167,3281,582,844720,816427,394364,012643,780565,0070
total current liabilities3,018,2981,835,1532,963,4602,980,116906,827681,697986,512825,169616,988
loans00000009,4570
hp & lease commitments1,939006,3400137,138174,013133,0100
Accruals and Deferred Income000000000
other liabilities0053,37800000191,183
provisions141,94773,65535,24633,91839,97840,33054,28235,28432,416
total long term liabilities143,88673,65588,62440,25839,978177,468228,295177,751223,599
total liabilities3,162,1841,908,8083,052,0843,020,374946,805859,1651,214,8071,002,920840,587
net assets3,728,3001,565,7732,635,351760,880599,044514,928339,740261,406532,034
total shareholders funds3,728,3001,565,7732,635,351760,880599,044514,928339,740261,406532,034
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Operating Activities
Operating Profit2,323,129-996,9333,131,724677,347102,868215,90598,908-269,936649,173
Depreciation146,53572,70764,70759,69351,11882,421101,74071,91524,195
Amortisation08,16736,579000000
Tax-160,02456,589-538,39363,965-19,731-41,093-19,5830-136,349
Stock19,100-3035,2542,6153,2796,366000
Debtors1,514,797-1,295,4391,984,553909,884228,814-80,73596,918-67,5051,046,353
Creditors293,349-136,441-116,417395,74061,31690,155-17,023-409,310616,988
Accruals and Deferred Income507,772-415,516862,028293,42263,382-279,76878,773565,0070
Deferred Taxes & Provisions68,29238,4091,328-6,060-352-13,95218,9982,86832,416
Cash flow from operations1,645,156-77,5491,421,749571,60826,508128,037164,89528,049140,070
Investing Activities
capital expenditure-401,661326,545-555,4070-49,26656,636-211,993-29,979-307,200
Change in Investments00-1,276,6791,276,67900000
cash flow from investments-401,661326,545721,272-1,276,679-49,26656,636-211,993-29,979-307,200
Financing Activities
Bank loans0-750,000750,000000000
Group/Directors Accounts380,053182,817-1,265,8031,265,80300000
Other Short Term Loans 0-9,167-195,833205,00000000
Long term loans000000-9,4579,4570
Hire Purchase and Lease Commitments3,9100-56,969-80,179-36,865-141,527148,625166,9150
other long term liabilities0-53,37853,3780000-191,183191,183
share issue000100000019,102
interest-548-9,2341,234,405-7,618979377-991-692108
cash flow from financing383,415-638,962519,1781,383,106-35,886-141,150138,177-15,503210,393
cash and cash equivalents
cash1,626,880-509,966708,93243,422-58,48532,97283,0501,14643,263
overdraft00-2-157159-10,550-8,02918,5790
change in cash1,626,880-509,966708,93443,579-58,64443,52291,079-17,43343,263

P&L

March 2023

turnover

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 2023

net assets

3.7m

+1.38%

total assets

6.9m

+0.98%

cash

2m

+4.72%

net assets

Total assets minus all liabilities

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

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.

charges

healthwork group limited Companies House Filings - See Documents

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