ability 2 achieve care & support limited

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ability 2 achieve care & support limited Company Information

Share ABILITY 2 ACHIEVE CARE & SUPPORT LIMITED

Company Number

10456323

Shareholders

anne bateman

barbara graham

Group Structure

View All

Industry

Other social work activities without accommodation n.e.c.

 

Registered Address

unit 4 olympic court, whitehills business park, blackpool, FY4 5GU

Website

-

ability 2 achieve care & support limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of ABILITY 2 ACHIEVE CARE & SUPPORT LIMITED at £3.5m based on a Turnover of £6.3m and 0.55x industry multiple (adjusted for size and gross margin).

ability 2 achieve care & support limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of ABILITY 2 ACHIEVE CARE & SUPPORT LIMITED at £1.1m based on an EBITDA of £193.6k and a 5.69x industry multiple (adjusted for size and gross margin).

ability 2 achieve care & support limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of ABILITY 2 ACHIEVE CARE & SUPPORT LIMITED at £1.3m based on Net Assets of £521.9k and 2.4x industry multiple (adjusted for liquidity).

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Ability 2 Achieve Care & Support Limited Overview

Ability 2 Achieve Care & Support Limited is a live company located in blackpool, FY4 5GU with a Companies House number of 10456323. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in November 2016, it's largest shareholder is anne bateman with a 50% stake. Ability 2 Achieve Care & Support Limited is a young, mid sized company, Pomanda has estimated its turnover at £6.3m with rapid growth in recent years.

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Ability 2 Achieve Care & Support Limited Health Check

Pomanda's financial health check has awarded Ability 2 Achieve Care & Support Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £6.3m, make it larger than the average company (£485.6k)

£6.3m - Ability 2 Achieve Care & Support Limited

£485.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (6.5%)

57% - Ability 2 Achieve Care & Support Limited

6.5% - Industry AVG

production

Production

with a gross margin of 67.5%, this company has a comparable cost of product (67.5%)

67.5% - Ability 2 Achieve Care & Support Limited

67.5% - Industry AVG

profitability

Profitability

an operating margin of 2.2% make it less profitable than the average company (3.5%)

2.2% - Ability 2 Achieve Care & Support Limited

3.5% - Industry AVG

employees

Employees

with 170 employees, this is above the industry average (14)

170 - Ability 2 Achieve Care & Support Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.1k, the company has an equivalent pay structure (£25.1k)

£25.1k - Ability 2 Achieve Care & Support Limited

£25.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £37.3k, this is equally as efficient (£39.5k)

£37.3k - Ability 2 Achieve Care & Support Limited

£39.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 21 days, this is later than average (14 days)

21 days - Ability 2 Achieve Care & Support Limited

14 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (5 days)

0 days - Ability 2 Achieve Care & Support Limited

5 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ability 2 Achieve Care & Support Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (239 weeks)

8 weeks - Ability 2 Achieve Care & Support Limited

239 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.1%, this is a higher level of debt than the average (12.8%)

55.1% - Ability 2 Achieve Care & Support Limited

12.8% - Industry AVG

ABILITY 2 ACHIEVE CARE & SUPPORT LIMITED financials

EXPORTms excel logo

Ability 2 Achieve Care & Support Limited's latest turnover from March 2024 is estimated at £6.3 million and the company has net assets of £521.9 thousand. According to their latest financial statements, Ability 2 Achieve Care & Support Limited has 170 employees and maintains cash reserves of £83.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Turnover6,348,7094,837,1945,887,6871,651,3941,154,789637,728391,297
Other Income Or Grants
Cost Of Sales2,062,6551,556,6661,514,174580,921355,150180,213103,292
Gross Profit4,286,0543,280,5274,373,5131,070,473799,639457,515288,006
Admin Expenses4,144,2393,224,9904,231,503883,477724,870455,141275,794
Operating Profit141,81555,537142,010186,99674,7692,37412,212
Interest Payable7013253419
Interest Receivable15,70422,6072,62516792
Pre-Tax Profit156,81977,820144,600187,14474,8602,37412,212
Tax-39,205-14,786-27,474-35,557-14,223-451-2,320
Profit After Tax117,61463,034117,126151,58760,6371,9239,892
Dividends Paid
Retained Profit117,61463,034117,126151,58760,6371,9239,892
Employee Costs4,259,1663,775,6883,489,528983,227861,282401,511248,981
Number Of Employees17016015545401912
EBITDA*193,55655,537192,292186,99675,0122,37412,212

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Tangible Assets694,405579,544354,774335,2216,4729207,560
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets694,405579,544354,774335,2216,4729207,560
Stock & work in progress
Trade Debtors381,05139,50121,409
Group Debtors
Misc Debtors4,383
Cash83,071515,177548,695151,246183,481
misc current assets
total current assets468,505515,177548,695151,246183,48139,50121,409
total assets1,162,9101,094,721903,469486,467189,95340,42128,969
Bank overdraft6,5075,950384633
Bank loan
Trade Creditors 2,66211,59915,72718,10618,577
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities530,347546,492411,86488,164101,674
total current liabilities539,516564,041412,24888,797117,40118,10618,577
loans
hp & lease commitments101,481126,381149,956173,531
Accruals and Deferred Income10,500500
other liabilities
provisions
total long term liabilities101,481126,381149,956173,53110,500500
total liabilities640,997690,422562,204262,328117,40128,60619,077
net assets521,913404,299341,265224,13972,55211,8159,892
total shareholders funds521,913404,299341,265224,13972,55211,8159,892
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Operating Activities
Operating Profit141,81555,537142,010186,99674,7692,37412,212
Depreciation51,74150,282243
Amortisation
Tax-39,205-14,786-27,474-35,557-14,223-451-2,320
Stock
Debtors385,434-39,50118,09221,409
Creditors-8,93711,599-15,727-2,379-47118,577
Accruals and Deferred Income-16,145134,628323,700-13,51091,17410,000500
Deferred Taxes & Provisions
Cash flow from operations-256,165186,978488,518122,202189,085-6,6407,560
Investing Activities
capital expenditure-166,602-224,770-69,835-328,749-5,7956,640-7,560
Change in Investments
cash flow from investments-166,602-224,770-69,835-328,749-5,7956,640-7,560
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-24,900-23,575-23,575173,531
other long term liabilities
share issue100
interest15,00322,2822,59114892
cash flow from financing-9,897-1,293-20,984173,679192
cash and cash equivalents
cash-432,106-33,518397,449-32,235183,481
overdraft5575,566-249633
change in cash-432,663-39,084397,698-32,868183,481

ability 2 achieve care & support 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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Ability 2 Achieve Care & Support Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ability 2 achieve care & support limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in FY4 area or any other competitors across 12 key performance metrics.

ability 2 achieve care & support limited Ownership

ABILITY 2 ACHIEVE CARE & SUPPORT LIMITED group structure

Ability 2 Achieve Care & Support Limited has no subsidiary companies.

Ultimate parent company

ABILITY 2 ACHIEVE CARE & SUPPORT LIMITED

10456323

ABILITY 2 ACHIEVE CARE & SUPPORT LIMITED Shareholders

anne bateman 50%
barbara graham 50%

ability 2 achieve care & support limited directors

Ability 2 Achieve Care & Support Limited currently has 2 directors. The longest serving directors include Mrs Anne Bateman (Nov 2016) and Ms Barbara Graham (Oct 2018).

officercountryagestartendrole
Mrs Anne BatemanEngland62 years Nov 2016- Director
Ms Barbara GrahamUnited Kingdom49 years Oct 2018- Director

P&L

March 2024

turnover

6.3m

+31%

operating profit

141.8k

0%

gross margin

67.6%

-0.45%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

521.9k

+0.29%

total assets

1.2m

+0.06%

cash

83.1k

-0.84%

net assets

Total assets minus all liabilities

ability 2 achieve care & support limited company details

company number

10456323

Type

Private limited with Share Capital

industry

88990 - Other social work activities without accommodation n.e.c.

incorporation date

November 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

KG ACCOUNTANCY & BOOKKEEPING SERVICES LIMITED

auditor

-

address

unit 4 olympic court, whitehills business park, blackpool, FY4 5GU

Bank

-

Legal Advisor

-

ability 2 achieve care & support 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 ability 2 achieve care & support limited.

ability 2 achieve care & support 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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ability 2 achieve care & support limited Companies House Filings - See Documents

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