Pomanda estimates the enterprise value of CHOICE SUPPORT at £99m based on a Turnover of £65.4m and 1.51x industry multiple (adjusted for size and gross margin).
choice supportEstimated Valuation
£62.2m
Pomanda estimates the enterprise value of CHOICE SUPPORT at £62.2m based on an EBITDA of £5.7m and a 10.9x industry multiple (adjusted for size and gross margin).
choice supportEstimated Valuation
£141.9m
Pomanda estimates the enterprise value of CHOICE SUPPORT at £141.9m based on Net Assets of £43.8m and 3.24x industry multiple (adjusted for liquidity).
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Choice SupportOverview
Choice Support is a converted/closed company that was located in kent, ME14 1UT with a Companies House number of 08971493. It operated in the residential care activities for mental difficulties, mental health and substance abuse sector, SIC Code 87200. Founded in April 2014, it's largest shareholder was
unknown.
The last turnover for Choice Support was estimated at £65.4m.
Pomanda's financial health check has awarded Choice Support a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
4 Regular
3 Weak
Size
annual sales of £65.4m, make it larger than the average company (£3m)
£65.4m - Choice Support
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.3%)
-1% - Choice Support
5.3% - Industry AVG
Production
with a gross margin of 34%, this company has a comparable cost of product (34%)
34% - Choice Support
34% - Industry AVG
Profitability
an operating margin of 7.8% make it as profitable than the average company (9.5%)
7.8% - Choice Support
9.5% - Industry AVG
Employees
with 2608 employees, this is above the industry average (80)
2608 - Choice Support
80 - Industry AVG
Pay Structure
on an average salary of £20.4k, the company has an equivalent pay structure (£22.4k)
£20.4k - Choice Support
£22.4k - Industry AVG
Efficiency
resulting in sales per employee of £25.1k, this is less efficient (£34.9k)
£25.1k - Choice Support
£34.9k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is later than average (19 days)
24 days - Choice Support
19 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is close to average (9 days)
8 days - Choice Support
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Choice Support
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 73 weeks, this is more cash available to meet short term requirements (54 weeks)
73 weeks - Choice Support
54 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.8%, this is a lower level of debt than the average (42.3%)
17.8% - Choice Support
42.3% - Industry AVG
CHOICE SUPPORT financials
EXPORT
Choice Support's latest turnover from March 2022 is £65.4 million and the company has net assets of £43.8 million. According to their latest financial statements, Choice Support has 2,608 employees and maintains cash reserves of £9.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Turnover
65,394,000
65,040,000
63,783,000
66,572,000
66,123,000
33,073,000
34,019,000
38,742,000
38,812,000
Other Income Or Grants
Cost Of Sales
43,160,038
42,063,605
42,729,732
43,774,999
41,668,298
20,174,266
19,688,312
22,602,066
22,881,066
Gross Profit
22,233,962
22,976,395
21,053,268
22,797,001
24,454,702
12,898,734
14,330,688
16,139,934
15,930,934
Admin Expenses
17,107,759
21,392,244
20,839,063
22,415,173
27,338,982
11,586,144
12,670,395
12,418,920
14,562,503
Operating Profit
5,126,203
1,584,151
214,205
381,828
-2,884,280
1,312,590
1,660,293
3,721,014
1,368,431
Interest Payable
Interest Receivable
Pre-Tax Profit
4,197,000
1,287,000
177,000
338,000
-2,859,000
1,061,000
1,358,000
2,970,000
1,066,000
Tax
Profit After Tax
4,197,000
1,287,000
177,000
338,000
-2,859,000
1,061,000
1,358,000
2,970,000
1,066,000
Dividends Paid
Retained Profit
4,197,000
1,287,000
177,000
338,000
-2,859,000
1,061,000
1,358,000
2,970,000
1,066,000
Employee Costs
53,276,000
52,858,000
52,862,000
55,000,000
55,582,000
24,853,000
25,369,000
27,587,000
28,431,000
Number Of Employees
2,608
2,705
2,466
2,661
2,507
1,315
1,120
1,204
1,241
EBITDA*
5,706,203
2,348,151
962,205
1,284,828
-2,140,280
1,760,590
1,946,293
3,943,014
1,640,431
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Tangible Assets
29,119,000
29,327,000
28,744,000
28,065,000
28,156,000
24,872,000
22,949,000
18,831,000
18,903,000
Intangible Assets
25,000
90,000
375,000
604,000
783,000
148,000
222,000
263,000
Investments & Other
7,881,000
7,617,000
6,631,000
7,340,000
5,000,000
4,040,000
6,000,000
5,000,000
5,091,000
Debtors (Due After 1 year)
Total Fixed Assets
37,025,000
37,034,000
35,750,000
36,009,000
33,939,000
29,060,000
29,171,000
24,094,000
23,994,000
Stock & work in progress
9,000
22,000
24,000
29,000
32,000
34,000
31,000
38,000
Trade Debtors
4,429,000
4,277,000
6,896,000
7,342,000
6,444,000
2,293,000
3,049,000
2,148,000
Group Debtors
2,031,000
Misc Debtors
2,362,000
3,557,000
2,234,000
1,759,000
1,361,000
324,000
438,000
548,000
682,000
Cash
9,508,000
5,233,000
4,242,000
4,386,000
5,069,000
5,043,000
5,885,000
8,998,000
6,394,000
misc current assets
2,796,000
total current assets
16,299,000
13,076,000
13,394,000
13,511,000
15,699,000
7,692,000
9,406,000
11,725,000
9,145,000
total assets
53,324,000
50,110,000
49,144,000
49,520,000
49,638,000
36,752,000
38,577,000
35,819,000
33,139,000
Bank overdraft
Bank loan
Trade Creditors
1,049,000
943,000
1,350,000
7,124,000
1,873,000
1,732,000
3,126,000
1,609,000
1,874,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
5,661,000
5,924,000
5,679,000
5,307,000
1,652,000
2,729,000
2,528,000
2,380,000
total current liabilities
6,710,000
6,867,000
7,029,000
7,124,000
7,180,000
3,384,000
5,855,000
4,137,000
4,254,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
2,811,000
4,083,000
1,688,000
4,892,000
3,361,000
3,982,000
3,473,000
2,986,000
total liabilities
9,521,000
10,950,000
8,717,000
12,016,000
10,541,000
7,366,000
9,328,000
7,123,000
4,254,000
net assets
43,803,000
39,160,000
40,427,000
37,504,000
39,097,000
29,386,000
29,249,000
28,696,000
28,885,000
total shareholders funds
43,803,000
39,160,000
40,427,000
37,504,000
39,097,000
29,386,000
29,249,000
28,696,000
28,885,000
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Operating Activities
Operating Profit
5,126,203
1,584,151
214,205
381,828
-2,884,280
1,312,590
1,660,293
3,721,014
1,368,431
Depreciation
482,000
479,000
451,000
575,000
441,000
374,000
212,000
222,000
272,000
Amortisation
98,000
285,000
297,000
328,000
303,000
74,000
74,000
Tax
Stock
-9,000
-13,000
-2,000
-5,000
-3,000
-2,000
3,000
-7,000
38,000
Debtors
-1,043,000
-1,296,000
29,000
1,296,000
5,188,000
-870,000
791,000
-17,000
2,713,000
Creditors
106,000
-407,000
-5,774,000
5,251,000
141,000
-1,394,000
1,517,000
-265,000
1,874,000
Accruals and Deferred Income
-263,000
245,000
5,679,000
-5,307,000
3,655,000
-1,077,000
201,000
148,000
2,380,000
Deferred Taxes & Provisions
Cash flow from operations
6,601,203
3,495,151
840,205
-62,172
-3,529,280
161,590
2,870,293
3,850,014
3,143,431
Investing Activities
capital expenditure
-1,769,000
-4,157,000
-4,611,000
-1,584,000
Change in Investments
264,000
986,000
-709,000
2,340,000
960,000
-1,960,000
1,000,000
-91,000
5,091,000
cash flow from investments
-264,000
-986,000
709,000
-2,340,000
-2,729,000
-2,197,000
-5,611,000
-1,493,000
-5,091,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
446,000
-2,554,000
2,746,000
-1,931,000
12,570,000
-924,000
-805,000
-3,159,000
27,819,000
interest
cash flow from financing
446,000
-2,554,000
2,746,000
-1,931,000
12,570,000
-924,000
-805,000
-3,159,000
27,819,000
cash and cash equivalents
cash
4,275,000
991,000
-144,000
-683,000
26,000
-842,000
-3,113,000
2,604,000
6,394,000
overdraft
change in cash
4,275,000
991,000
-144,000
-683,000
26,000
-842,000
-3,113,000
2,604,000
6,394,000
choice support Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for choice support. Get real-time insights into choice support's credit score, group structure and payment trends.
Perform a competitor analysis for choice support by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other undefined companies, companies in ME14 area or any other competitors across 12 key performance metrics.
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
87200 - Residential care activities for learning disabilities, mental health and substance abuse
incorporation date
April 2014
age
11
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
March 2022
previous names
mcch (January 2019)
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
compass house 84 holland road, maidstone, kent, ME14 1UT
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
RUSSELL COOKE
choice support 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 10 charges/mortgages relating to choice support. Currently there are 10 open charges and 0 have been satisfied in the past.
choice support Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for CHOICE SUPPORT. This can take several minutes, an email will notify you when this has completed.
choice supportCompanies House Filings - See Documents
