cec healthcare coding limited
cec healthcare coding limited Company Information
Company Number
09299845
Next Accounts
Jul 2025
Shareholders
cec europe llp
michael patrick mcsweeney
View AllGroup Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
unit 8 frogmarsh mills, south woodchester, stroud, GL5 5ET
Website
www.cechealthcarecoding.comcec healthcare coding limited Estimated Valuation
Pomanda estimates the enterprise value of CEC HEALTHCARE CODING LIMITED at £4.1m based on a Turnover of £5.5m and 0.76x industry multiple (adjusted for size and gross margin).
cec healthcare coding limited Estimated Valuation
Pomanda estimates the enterprise value of CEC HEALTHCARE CODING LIMITED at £827.2k based on an EBITDA of £165.6k and a 5x industry multiple (adjusted for size and gross margin).
cec healthcare coding limited Estimated Valuation
Pomanda estimates the enterprise value of CEC HEALTHCARE CODING LIMITED at £1.3m based on Net Assets of £664.5k and 1.96x industry multiple (adjusted for liquidity).
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Cec Healthcare Coding Limited Overview
Cec Healthcare Coding Limited is a live company located in stroud, GL5 5ET with a Companies House number of 09299845. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in November 2014, it's largest shareholder is cec europe llp with a 43.2% stake. Cec Healthcare Coding Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.5m with rapid growth in recent years.
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Cec Healthcare Coding Limited Health Check
Pomanda's financial health check has awarded Cec Healthcare Coding Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
3 Weak
Size
annual sales of £5.5m, make it larger than the average company (£909.6k)
- Cec Healthcare Coding Limited
£909.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (6.7%)
- Cec Healthcare Coding Limited
6.7% - Industry AVG
Production
with a gross margin of 41.1%, this company has a comparable cost of product (41.1%)
- Cec Healthcare Coding Limited
41.1% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (6.5%)
- Cec Healthcare Coding Limited
6.5% - Industry AVG
Employees
with 65 employees, this is above the industry average (14)
65 - Cec Healthcare Coding Limited
14 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£30.8k)
- Cec Healthcare Coding Limited
£30.8k - Industry AVG
Efficiency
resulting in sales per employee of £83.9k, this is equally as efficient (£89.3k)
- Cec Healthcare Coding Limited
£89.3k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (29 days)
- Cec Healthcare Coding Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (39 days)
- Cec Healthcare Coding Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cec Healthcare Coding Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is average cash available to meet short term requirements (45 weeks)
43 weeks - Cec Healthcare Coding Limited
45 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.9%, this is a similar level of debt than the average (44.7%)
42.9% - Cec Healthcare Coding Limited
44.7% - Industry AVG
CEC HEALTHCARE CODING LIMITED financials
Cec Healthcare Coding Limited's latest turnover from October 2023 is estimated at £5.5 million and the company has net assets of £664.5 thousand. According to their latest financial statements, Cec Healthcare Coding Limited has 65 employees and maintains cash reserves of £419.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,209,539 | 992,653 | 482,684 | ||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 773,077 | 600,820 | 300,027 | ||||||
| Gross Profit | 436,462 | 391,833 | 182,657 | ||||||
| Admin Expenses | 392,679 | 323,975 | |||||||
| Operating Profit | 43,783 | 67,858 | |||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 43,783 | 67,858 | 21,585 | ||||||
| Tax | -8,345 | -13,598 | -4,236 | ||||||
| Profit After Tax | 35,438 | 54,260 | 17,349 | ||||||
| Dividends Paid | |||||||||
| Retained Profit | 35,438 | 54,260 | 17,349 | ||||||
| Employee Costs | |||||||||
| Number Of Employees | 65 | 41 | 37 | 43 | 23 | 8 | 5 | 4 | |
| EBITDA* | 43,981 | 67,993 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,442 | 5,901 | 3,507 | 5,785 | 3,775 | 3,385 | 1,077 | 270 | 405 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 13,442 | 5,901 | 3,507 | 5,785 | 3,775 | 3,385 | 1,077 | 270 | 405 |
| Stock & work in progress | |||||||||
| Trade Debtors | 673,178 | 572,286 | 315,813 | 197,160 | 460,055 | 329,647 | 269,303 | 189,330 | 209,063 |
| Group Debtors | 4,766 | 4,766 | 4,766 | ||||||
| Misc Debtors | 57,562 | 80,616 | 83,115 | 91,600 | 45,581 | 14,103 | 7,666 | 1,000 | 1,000 |
| Cash | 419,304 | 316,464 | 363,726 | 491,251 | 253,442 | 174,845 | 91,291 | 69,805 | 54,312 |
| misc current assets | |||||||||
| total current assets | 1,150,044 | 974,132 | 767,420 | 784,777 | 759,078 | 518,595 | 368,260 | 260,135 | 264,375 |
| total assets | 1,163,486 | 980,033 | 770,927 | 790,562 | 762,853 | 521,980 | 369,337 | 260,405 | 264,780 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 42,254 | 28,910 | 36,831 | 25,431 | 56,875 | 56,372 | 56,045 | 77,367 | 79,906 |
| Group/Directors Accounts | 6,088 | 2,500 | 10,056 | 10,056 | |||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 450,680 | 419,433 | 283,296 | 341,955 | 413,247 | 318,251 | 205,245 | 110,429 | 166,525 |
| total current liabilities | 499,022 | 450,843 | 330,183 | 377,442 | 470,122 | 374,623 | 261,290 | 187,796 | 246,431 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | |||||||||
| total liabilities | 499,022 | 450,843 | 330,183 | 377,442 | 470,122 | 374,623 | 261,290 | 187,796 | 246,431 |
| net assets | 664,464 | 529,190 | 440,744 | 413,120 | 292,731 | 147,357 | 108,047 | 72,609 | 18,349 |
| total shareholders funds | 664,464 | 529,190 | 440,744 | 413,120 | 292,731 | 147,357 | 108,047 | 72,609 | 18,349 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 43,783 | 67,858 | |||||||
| Depreciation | 4,529 | 2,161 | 2,278 | 2,485 | 1,164 | 566 | 198 | 135 | 135 |
| Amortisation | |||||||||
| Tax | -8,345 | -13,598 | -4,236 | ||||||
| Stock | |||||||||
| Debtors | 73,072 | 253,974 | 110,168 | -212,110 | 161,886 | 66,781 | 86,639 | -19,733 | 210,063 |
| Creditors | 13,344 | -7,921 | 11,400 | -31,444 | 503 | 327 | -21,322 | -2,539 | 79,906 |
| Accruals and Deferred Income | 31,247 | 136,137 | -58,659 | -71,292 | 94,996 | 113,006 | 94,816 | -56,096 | 166,525 |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | 22,491 | 15,493 | |||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | 3,588 | -7,556 | 10,056 | ||||||
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | 1,000 | ||||||||
| cash and cash equivalents | |||||||||
| cash | 102,840 | -47,262 | -127,525 | 237,809 | 78,597 | 83,554 | 21,486 | 15,493 | 54,312 |
| overdraft | |||||||||
| change in cash | 102,840 | -47,262 | -127,525 | 237,809 | 78,597 | 83,554 | 21,486 | 15,493 | 54,312 |
cec healthcare coding limited Credit Report and Business Information
Cec Healthcare Coding Limited Competitor Analysis
Perform a competitor analysis for cec healthcare coding limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in GL5 area or any other competitors across 12 key performance metrics.
cec healthcare coding limited Ownership
CEC HEALTHCARE CODING LIMITED group structure
Cec Healthcare Coding Limited has no subsidiary companies.
Ultimate parent company
CEC HEALTHCARE CODING LIMITED
09299845
cec healthcare coding limited directors
Cec Healthcare Coding Limited currently has 3 directors. The longest serving directors include Mr Stephen Rapicano (Nov 2014) and Jonathan Glover (Nov 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Rapicano | United Kingdom | 68 years | Nov 2014 | - | Director |
| Jonathan Glover | England | 57 years | Nov 2014 | - | Director |
| Mr Michael McSweeney | 67 years | Sep 2015 | - | Director |
P&L
October 2023turnover
5.5m
+44%
operating profit
161.1k
0%
gross margin
41.2%
+2.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
664.5k
+0.26%
total assets
1.2m
+0.19%
cash
419.3k
+0.32%
net assets
Total assets minus all liabilities
cec healthcare coding limited company details
company number
09299845
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
November 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
SHINER MITCHELL FISHER & CO LTD
auditor
-
address
unit 8 frogmarsh mills, south woodchester, stroud, GL5 5ET
Bank
-
Legal Advisor
-
cec healthcare coding 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 did not find charges/mortgages relating to cec healthcare coding limited.
cec healthcare coding 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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cec healthcare coding limited Companies House Filings - See Documents
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