atlas care homes limited
atlas care homes limited Company Information
Company Number
09273411
Next Accounts
Jun 2025
Industry
Residential care activities for the elderly and disabled
Shareholders
mohammad amjad ahmad
ali ashgar
View AllGroup Structure
View All
Contact
Registered Address
unit 8 airport industrial estate, diamond court, newcastle upon tyne, NE3 2EN
Website
-atlas care homes limited Estimated Valuation
Pomanda estimates the enterprise value of ATLAS CARE HOMES LIMITED at £11m based on a Turnover of £11m and 1x industry multiple (adjusted for size and gross margin).
atlas care homes limited Estimated Valuation
Pomanda estimates the enterprise value of ATLAS CARE HOMES LIMITED at £14.8m based on an EBITDA of £2m and a 7.59x industry multiple (adjusted for size and gross margin).
atlas care homes limited Estimated Valuation
Pomanda estimates the enterprise value of ATLAS CARE HOMES LIMITED at £14m based on Net Assets of £4.6m and 3.03x industry multiple (adjusted for liquidity).
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Atlas Care Homes Limited Overview
Atlas Care Homes Limited is a live company located in newcastle upon tyne, NE3 2EN with a Companies House number of 09273411. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in October 2014, it's largest shareholder is mohammad amjad ahmad with a 22.2% stake. Atlas Care Homes Limited is a established, mid sized company, Pomanda has estimated its turnover at £11m with high growth in recent years.
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Atlas Care Homes Limited Health Check
Pomanda's financial health check has awarded Atlas Care Homes Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £11m, make it larger than the average company (£2.8m)
£11m - Atlas Care Homes Limited
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.3%)
- Atlas Care Homes Limited
5.3% - Industry AVG
Production
with a gross margin of 33.5%, this company has a comparable cost of product (37.8%)
33.5% - Atlas Care Homes Limited
37.8% - Industry AVG
Profitability
an operating margin of 13.9% make it more profitable than the average company (10.5%)
13.9% - Atlas Care Homes Limited
10.5% - Industry AVG
Employees
with 422 employees, this is above the industry average (67)
422 - Atlas Care Homes Limited
67 - Industry AVG
Pay Structure
on an average salary of £16.7k, the company has a lower pay structure (£23.3k)
£16.7k - Atlas Care Homes Limited
£23.3k - Industry AVG
Efficiency
resulting in sales per employee of £26.1k, this is less efficient (£40.1k)
£26.1k - Atlas Care Homes Limited
£40.1k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is later than average (16 days)
31 days - Atlas Care Homes Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (16 days)
12 days - Atlas Care Homes Limited
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Atlas Care Homes Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (27 weeks)
12 weeks - Atlas Care Homes Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.1%, this is a higher level of debt than the average (45.8%)
60.1% - Atlas Care Homes Limited
45.8% - Industry AVG
ATLAS CARE HOMES LIMITED financials
Atlas Care Homes Limited's latest turnover from September 2023 is £11 million and the company has net assets of £4.6 million. According to their latest financial statements, Atlas Care Homes Limited has 422 employees and maintains cash reserves of £642.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,014,786 | 8,852,519 | |||||||
| Other Income Or Grants | 0 | 0 | |||||||
| Cost Of Sales | 7,330,157 | 6,290,209 | |||||||
| Gross Profit | 3,684,629 | 2,562,310 | |||||||
| Admin Expenses | 2,157,617 | 1,534,587 | |||||||
| Operating Profit | 1,527,012 | 1,027,723 | |||||||
| Interest Payable | 311,805 | 158,454 | |||||||
| Interest Receivable | 0 | 583 | |||||||
| Pre-Tax Profit | 1,215,207 | 869,852 | |||||||
| Tax | -360,375 | -123,298 | |||||||
| Profit After Tax | 854,832 | 746,554 | |||||||
| Dividends Paid | 0 | 0 | |||||||
| Retained Profit | 854,832 | 746,554 | |||||||
| Employee Costs | 7,032,761 | 6,092,181 | |||||||
| Number Of Employees | 422 | 269 | 205 | 72 | 132 | 130 | 138 | ||
| EBITDA* | 1,950,705 | 1,392,292 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,833,440 | 9,413,451 | 6,660,232 | 6,217,233 | 3,849,745 | 3,935,030 | 4,085,792 | 631,112 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,833,440 | 9,413,451 | 6,660,232 | 6,217,233 | 3,849,745 | 3,935,030 | 4,085,792 | 631,112 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 955,861 | 230,999 | 117,065 | 72,003 | 49,144 | 51,475 | 37,181 | 30,920 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 378,124 | 0 |
| Misc Debtors | 91,827 | 1,234 | 0 | 0 | 0 | 17,258 | 18,435 | 1,691 | 0 |
| Cash | 642,312 | 1,012,906 | 2,352,180 | 1,633,331 | 833,753 | 229,721 | 119,196 | 8,357 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,690,000 | 1,245,139 | 2,469,245 | 1,705,334 | 882,897 | 298,454 | 174,812 | 419,092 | 0 |
| total assets | 11,523,440 | 10,658,590 | 9,129,477 | 7,922,567 | 4,732,642 | 4,233,484 | 4,260,604 | 1,050,204 | 0 |
| Bank overdraft | 1,787,355 | 299,000 | 0 | 0 | 0 | 154,569 | 171,482 | 35,113 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 244,744 | 193,866 | 1,605,488 | 1,858,429 | 1,388,408 | 49,207 | 87,544 | 861 | 0 |
| Group/Directors Accounts | 47,327 | 48,177 | 0 | 0 | 0 | 957,779 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 510,960 | 1,469,119 | 0 | 0 | 0 | 214,904 | 2,745,562 | 657,543 | 0 |
| total current liabilities | 2,590,386 | 2,010,162 | 1,605,488 | 1,858,429 | 1,388,408 | 1,376,459 | 3,004,588 | 693,517 | 0 |
| loans | 2,860,823 | 4,753,447 | 3,327,197 | 3,003,310 | 1,768,006 | 2,508,264 | 1,201,658 | 306,910 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,160,656 | 0 | 1,196,000 | 1,196,000 | 595,088 | 0 | 0 | 0 | 0 |
| provisions | 309,397 | 147,635 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,330,876 | 4,901,082 | 4,523,197 | 4,199,310 | 2,363,094 | 2,508,264 | 1,201,658 | 306,910 | 0 |
| total liabilities | 6,921,262 | 6,911,244 | 6,128,685 | 6,057,739 | 3,751,502 | 3,884,723 | 4,206,246 | 1,000,427 | 0 |
| net assets | 4,602,178 | 3,747,346 | 3,000,792 | 1,864,828 | 981,140 | 348,761 | 54,358 | 49,777 | 0 |
| total shareholders funds | 4,602,178 | 3,747,346 | 3,000,792 | 1,864,828 | 981,140 | 348,761 | 54,358 | 49,777 | 0 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,527,012 | 1,027,723 | |||||||
| Depreciation | 423,693 | 364,569 | 238,560 | 194,796 | 139,602 | 142,726 | 52,492 | 14,262 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -360,375 | -123,298 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 815,455 | 115,168 | 45,062 | 22,859 | -19,589 | 13,117 | -355,119 | 410,735 | 0 |
| Creditors | 50,878 | -1,411,622 | -252,941 | 470,021 | 1,339,201 | -38,337 | 86,683 | 861 | 0 |
| Accruals and Deferred Income | -958,159 | 1,469,119 | 0 | 0 | -214,904 | -2,530,658 | 2,088,019 | 657,543 | 0 |
| Deferred Taxes & Provisions | 161,762 | 147,635 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 29,356 | 1,358,958 | |||||||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | |||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -850 | 48,177 | 0 | 0 | -957,779 | 957,779 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,892,624 | 1,426,250 | 323,887 | 1,235,304 | -740,258 | 1,306,606 | 894,748 | 306,910 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,160,656 | -1,196,000 | 0 | 600,912 | 595,088 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -311,805 | -157,871 | |||||||
| cash flow from financing | -1,044,623 | 120,556 | |||||||
| cash and cash equivalents | |||||||||
| cash | -370,594 | -1,339,274 | 718,849 | 799,578 | 604,032 | 110,525 | 110,839 | 8,357 | 0 |
| overdraft | 1,488,355 | 299,000 | 0 | 0 | -154,569 | -16,913 | 136,369 | 35,113 | 0 |
| change in cash | -1,858,949 | -1,638,274 | 718,849 | 799,578 | 758,601 | 127,438 | -25,530 | -26,756 | 0 |
atlas care homes limited Credit Report and Business Information
Atlas Care Homes Limited Competitor Analysis
Perform a competitor analysis for atlas care homes limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in NE3 area or any other competitors across 12 key performance metrics.
atlas care homes limited Ownership
ATLAS CARE HOMES LIMITED group structure
Atlas Care Homes Limited has 1 subsidiary company.
Ultimate parent company
ATLAS CARE HOMES LIMITED
09273411
1 subsidiary
atlas care homes limited directors
Atlas Care Homes Limited currently has 5 directors. The longest serving directors include Ms Merly Varghese (Oct 2014) and Mr Mohammad Ahmad (Oct 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Merly Varghese | England | 52 years | Oct 2014 | - | Director |
| Mr Mohammad Ahmad | United Kingdom | 57 years | Oct 2014 | - | Director |
| Mr Varghese Thomas | United Kingdom | 54 years | Oct 2014 | - | Director |
| Mr Ali Asghar | England | 64 years | Oct 2014 | - | Director |
| Mr Mohammad Ahmad | United Kingdom | 56 years | Oct 2014 | - | Director |
P&L
September 2023turnover
11m
+24%
operating profit
1.5m
+49%
gross margin
33.5%
+15.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
4.6m
+0.23%
total assets
11.5m
+0.08%
cash
642.3k
-0.37%
net assets
Total assets minus all liabilities
atlas care homes limited company details
company number
09273411
Type
Private limited with Share Capital
industry
87300 - Residential care activities for the elderly and disabled
incorporation date
October 2014
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
XEINADIN AUDIT LTD
address
unit 8 airport industrial estate, diamond court, newcastle upon tyne, NE3 2EN
Bank
-
Legal Advisor
-
atlas care homes 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 7 charges/mortgages relating to atlas care homes limited. Currently there are 4 open charges and 3 have been satisfied in the past.
atlas care homes limited 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.
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atlas care homes limited Companies House Filings - See Documents
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