florence avenue care home limited
florence avenue care home limited Company Information
Company Number
09682550
Website
www.carehome.co.ukRegistered Address
3 appledown rise, coulsdon, surrey, CR5 2DX
Industry
Residential care activities for learning disabilities, mental health and substance abuse
Telephone
02086465921
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
ridge care group ltd 100%
florence avenue care home limited Estimated Valuation
Pomanda estimates the enterprise value of FLORENCE AVENUE CARE HOME LIMITED at £822.5k based on a Turnover of £1.8m and 0.47x industry multiple (adjusted for size and gross margin).
florence avenue care home limited Estimated Valuation
Pomanda estimates the enterprise value of FLORENCE AVENUE CARE HOME LIMITED at £472.8k based on an EBITDA of £160.8k and a 2.94x industry multiple (adjusted for size and gross margin).
florence avenue care home limited Estimated Valuation
Pomanda estimates the enterprise value of FLORENCE AVENUE CARE HOME LIMITED at £1.9m based on Net Assets of £661.4k and 2.93x industry multiple (adjusted for liquidity).
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Florence Avenue Care Home Limited Overview
Florence Avenue Care Home Limited is a live company located in surrey, CR5 2DX with a Companies House number of 09682550. It operates in the residential care activities for mental difficulties, mental health and substance abuse sector, SIC Code 87200. Founded in July 2015, it's largest shareholder is ridge care group ltd with a 100% stake. Florence Avenue Care Home Limited is a young, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.
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Florence Avenue Care Home Limited Health Check
Pomanda's financial health check has awarded Florence Avenue Care Home Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£3m)
- Florence Avenue Care Home Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (5.9%)
- Florence Avenue Care Home Limited
5.9% - Industry AVG
Production
with a gross margin of 14.1%, this company has a higher cost of product (32.6%)
- Florence Avenue Care Home Limited
32.6% - Industry AVG
Profitability
an operating margin of 8.5% make it as profitable than the average company (7.2%)
- Florence Avenue Care Home Limited
7.2% - Industry AVG
Employees
with 21 employees, this is below the industry average (74)
21 - Florence Avenue Care Home Limited
74 - Industry AVG
Pay Structure
on an average salary of £24k, the company has an equivalent pay structure (£24k)
- Florence Avenue Care Home Limited
£24k - Industry AVG
Efficiency
resulting in sales per employee of £83.4k, this is more efficient (£38k)
- Florence Avenue Care Home Limited
£38k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (20 days)
- Florence Avenue Care Home Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 171 days, this is slower than average (11 days)
- Florence Avenue Care Home Limited
11 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Florence Avenue Care Home Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (56 weeks)
3 weeks - Florence Avenue Care Home Limited
56 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.4%, this is a higher level of debt than the average (37%)
49.4% - Florence Avenue Care Home Limited
37% - Industry AVG
florence avenue care home limited Credit Report and Business Information
Florence Avenue Care Home Limited Competitor Analysis
Perform a competitor analysis for florence avenue care home limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
florence avenue care home limited Ownership
FLORENCE AVENUE CARE HOME LIMITED group structure
Florence Avenue Care Home Limited has no subsidiary companies.
Ultimate parent company
1 parent
FLORENCE AVENUE CARE HOME LIMITED
09682550
florence avenue care home limited directors
Florence Avenue Care Home Limited currently has 2 directors. The longest serving directors include Mr Dipak Patel (Jul 2015) and Mr Rajan Patel (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dipak Patel | England | 46 years | Jul 2015 | - | Director |
| Mr Rajan Patel | England | 52 years | Jul 2015 | - | Director |
FLORENCE AVENUE CARE HOME LIMITED financials
Florence Avenue Care Home Limited's latest turnover from March 2023 is estimated at £1.8 million and the company has net assets of £661.4 thousand. According to their latest financial statements, Florence Avenue Care Home Limited has 21 employees and maintains cash reserves of £45.9 thousand 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 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | 246,849 | 272,633 | 714,280 | 552,994 | ||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | 15,966 | 12,774 | 13,507 | 17,747 | ||||
| Interest Receivable | 55 | 254 | 100 | 59 | ||||
| Pre-Tax Profit | 131,613 | 158,877 | 211,740 | 94,356 | ||||
| Tax | -8,386 | -30,180 | -40,231 | -17,928 | ||||
| Profit After Tax | 123,227 | 128,697 | 171,509 | 76,428 | ||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||
| Retained Profit | 123,227 | 128,697 | 171,509 | 76,428 | ||||
| Employee Costs | ||||||||
| Number Of Employees | 21 | 20 | 22 | 19 | 23 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,200,083 | 1,210,482 | 1,225,215 | 1,218,178 | 1,205,025 | 1,217,143 | 1,224,132 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,200,083 | 1,210,482 | 1,225,215 | 1,218,178 | 1,205,025 | 1,217,143 | 1,224,132 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 58,615 | 51,665 | 48,641 | 58,820 | 70,498 | 83,984 | 13,062 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,174 | 3,400 | 4,014 | 3,388 | 0 | 0 | 1,099 | 0 |
| Cash | 45,868 | 86,590 | 54,231 | 41,095 | 0 | 0 | 65,270 | 100 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 1,657 | 0 | 0 |
| total current assets | 106,657 | 141,655 | 106,886 | 103,303 | 70,498 | 85,641 | 79,431 | 100 |
| total assets | 1,306,740 | 1,352,137 | 1,332,101 | 1,321,481 | 1,275,523 | 1,302,784 | 1,303,563 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 51,559 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 637,664 | 101,478 | 109,330 | 106,230 | 105,331 | 145,134 | 3,797 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 653,964 | 0 |
| total current liabilities | 637,664 | 101,478 | 109,330 | 106,230 | 105,331 | 145,134 | 709,320 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 543,633 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,100 | 0 | 398 | 668 | 0 | 1,270 | 0 | 0 |
| other liabilities | 0 | 703,934 | 801,546 | 966,602 | 1,001,138 | 1,035,617 | 0 | 0 |
| provisions | 6,530 | 8,506 | 11,305 | 9,968 | 7,469 | 10,286 | 0 | 0 |
| total long term liabilities | 7,630 | 712,440 | 813,249 | 977,238 | 1,008,607 | 1,047,173 | 543,633 | 0 |
| total liabilities | 645,294 | 813,918 | 922,579 | 1,083,468 | 1,113,938 | 1,192,307 | 1,252,953 | 0 |
| net assets | 661,446 | 538,219 | 409,522 | 238,013 | 161,585 | 110,477 | 50,610 | 100 |
| total shareholders funds | 661,446 | 538,219 | 409,522 | 238,013 | 161,585 | 110,477 | 50,610 | 100 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 11,457 | 14,923 | 19,835 | 17,488 | 7,667 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | -8,386 | -30,180 | -40,231 | -17,928 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,724 | 2,410 | -9,553 | -8,290 | -13,486 | 69,823 | 14,161 | 0 |
| Creditors | 536,186 | -7,852 | 3,100 | 899 | -39,803 | 141,337 | 3,797 | 0 |
| Accruals and Deferred Income | 1,100 | -398 | -270 | 668 | -1,270 | -652,694 | 653,964 | 0 |
| Deferred Taxes & Provisions | -1,976 | -2,799 | 1,337 | 2,499 | -2,817 | 10,286 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -543,633 | 543,633 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -703,934 | -97,612 | -165,056 | -34,536 | -34,479 | 1,035,617 | 0 | 0 |
| share issue | ||||||||
| interest | -15,911 | -12,520 | -13,407 | -17,688 | ||||
| cash flow from financing | -719,845 | -110,132 | -178,463 | -52,224 | ||||
| cash and cash equivalents | ||||||||
| cash | -40,722 | 32,359 | 13,136 | 41,095 | 0 | -65,270 | 65,170 | 100 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -51,559 | 51,559 | 0 |
| change in cash | -40,722 | 32,359 | 13,136 | 41,095 | 0 | -13,711 | 13,611 | 100 |
P&L
March 2023turnover
1.8m
+155%
operating profit
149.3k
0%
gross margin
14.1%
-64.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
661.4k
+0.23%
total assets
1.3m
-0.03%
cash
45.9k
-0.47%
net assets
Total assets minus all liabilities
florence avenue care home limited company details
company number
09682550
Type
Private limited with Share Capital
industry
87200 - Residential care activities for learning disabilities, mental health and substance abuse
incorporation date
July 2015
age
9
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
3 appledown rise, coulsdon, surrey, CR5 2DX
last accounts submitted
March 2023
florence avenue care home 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 4 charges/mortgages relating to florence avenue care home limited. Currently there are 2 open charges and 2 have been satisfied in the past.
florence avenue care home limited Companies House Filings - See Documents
| date | description | view/download |
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