care reit plc
care reit plc Company Information
Company Number
10464966
Next Accounts
Jun 2025
Shareholders
impact health partners llp
Group Structure
View All
Industry
Activities of real estate investment trusts
Registered Address
the scalpel, 18th floor, 52 lime street, london, EC3M 7AF
Website
impactreit.ukcare reit plc Estimated Valuation
Pomanda estimates the enterprise value of CARE REIT PLC at £345.5m based on a Turnover of £50.5m and 6.84x industry multiple (adjusted for size and gross margin).
care reit plc Estimated Valuation
Pomanda estimates the enterprise value of CARE REIT PLC at £884m based on an EBITDA of £57.1m and a 15.49x industry multiple (adjusted for size and gross margin).
care reit plc Estimated Valuation
Pomanda estimates the enterprise value of CARE REIT PLC at £839.1m based on Net Assets of £478.1m and 1.76x industry multiple (adjusted for liquidity).
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Care Reit Plc Overview
Care Reit Plc is a live company located in london, EC3M 7AF with a Companies House number of 10464966. It operates in the activities of real estate investment trusts sector, SIC Code 64306. Founded in November 2016, it's largest shareholder is impact health partners llp with a 100% stake. Care Reit Plc is a young, large sized company, Pomanda has estimated its turnover at £50.5m with high growth in recent years.
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Care Reit Plc Health Check
Pomanda's financial health check has awarded Care Reit Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 0 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
0 Weak
Size
annual sales of £50.5m, make it larger than the average company (£2.9m)
£50.5m - Care Reit Plc
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.7%)
17% - Care Reit Plc
6.7% - Industry AVG
Production
with a gross margin of 97.8%, this company has a lower cost of product (80.6%)
97.8% - Care Reit Plc
80.6% - Industry AVG
Profitability
an operating margin of 112.9% make it more profitable than the average company (9.1%)
112.9% - Care Reit Plc
9.1% - Industry AVG
Employees
with 106 employees, this is above the industry average (4)
- Care Reit Plc
4 - Industry AVG
Pay Structure
on an average salary of £54k, the company has an equivalent pay structure (£54k)
- Care Reit Plc
£54k - Industry AVG
Efficiency
resulting in sales per employee of £476.7k, this is equally as efficient (£477k)
- Care Reit Plc
£477k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Care Reit Plc
- - Industry AVG
Creditor Days
its suppliers are paid after 555 days, this is slower than average (63 days)
555 days - Care Reit Plc
63 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Care Reit Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 70 weeks, this is more cash available to meet short term requirements (17 weeks)
70 weeks - Care Reit Plc
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.4%, this is a lower level of debt than the average (41.3%)
28.4% - Care Reit Plc
41.3% - Industry AVG
CARE REIT PLC financials
Care Reit Plc's latest turnover from December 2023 is £50.5 million and the company has net assets of £478.1 million. According to their latest financial statements, we estimate that Care Reit Plc has 106 employees and maintains cash reserves of £9.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 50,530,000 | 42,946,000 | 36,398,000 | 31,192,000 | 24,232,000 | 17,464,000 | 11,161,000 | |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 1,107,000 | 704,000 | 376,000 | 254,000 | 158,000 | 1,769,000 | ||
| Gross Profit | 49,423,000 | 42,242,000 | 30,816,000 | 23,978,000 | 17,306,000 | 9,392,000 | ||
| Admin Expenses | -7,635,000 | 23,146,000 | -474,000 | -4,481,000 | 136,000 | -60,000 | ||
| Operating Profit | 57,058,000 | 19,096,000 | 35,160,000 | 31,290,000 | 28,459,000 | 17,170,000 | 9,452,000 | |
| Interest Payable | 11,988,000 | 5,408,000 | 3,264,000 | 2,556,000 | 2,237,000 | 737,000 | ||
| Interest Receivable | 3,761,000 | 3,200,000 | 72,000 | 49,000 | 110,000 | 39,000 | 6,000 | |
| Pre-Tax Profit | 48,831,000 | 16,888,000 | 31,968,000 | 28,783,000 | 26,332,000 | 16,472,000 | 9,458,000 | -355,091 |
| Tax | -1,000 | |||||||
| Profit After Tax | 48,831,000 | 16,888,000 | 31,968,000 | 28,783,000 | 26,332,000 | 16,472,000 | 9,457,000 | -355,091 |
| Dividends Paid | 27,814,000 | 25,724,000 | 21,872,000 | 19,965,000 | 16,143,000 | 11,532,000 | 5,286,000 | |
| Retained Profit | 21,017,000 | -8,836,000 | 10,096,000 | 8,818,000 | 10,189,000 | 4,940,000 | 4,171,000 | -355,091 |
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* | 57,058,000 | 19,096,000 | 35,160,000 | 31,290,000 | 28,459,000 | 17,170,000 | 9,452,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 656,993,000 | 572,449,000 | 499,677,000 | 421,586,000 | 320,653,000 | 226,188,000 | 157,877,000 | |
| Intangible Assets | ||||||||
| Investments & Other | 617,756,000 | 504,318,000 | 437,729,000 | 405,657,000 | 310,636,000 | 220,940,000 | 156,226,000 | |
| Debtors (Due After 1 year) | 39,237,000 | 68,131,000 | 61,948,000 | 15,922,000 | 10,017,000 | 5,248,000 | 1,651,000 | |
| Total Fixed Assets | 656,993,000 | 572,449,000 | 499,677,000 | 421,579,000 | 320,653,000 | 226,188,000 | 157,877,000 | |
| Stock & work in progress | ||||||||
| Trade Debtors | ||||||||
| Group Debtors | ||||||||
| Misc Debtors | 907,000 | 1,181,000 | 1,557,000 | 89,000 | 554,000 | 587,000 | 119,000 | 566,266 |
| Cash | 9,389,000 | 22,531,000 | 13,261,000 | 7,979,000 | 47,790,000 | 1,470,000 | 38,387,000 | 142,757,177 |
| misc current assets | 363,000 | |||||||
| total current assets | 10,296,000 | 24,075,000 | 14,818,000 | 8,068,000 | 48,344,000 | 2,057,000 | 38,506,000 | 143,323,443 |
| total assets | 667,289,000 | 596,524,000 | 514,495,000 | 429,647,000 | 368,997,000 | 228,245,000 | 196,383,000 | 143,323,443 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 1,686,000 | 3,420,000 | 2,859,000 | 1,338,000 | 1,158,000 | 1,195,000 | 354,000 | |
| Group/Directors Accounts | ||||||||
| other short term finances | 14,814,000 | |||||||
| hp & lease commitments | ||||||||
| other current liabilities | 5,229,000 | 5,706,000 | 3,844,000 | 1,791,000 | 1,928,000 | 2,138,000 | 867,000 | 423,713 |
| total current liabilities | 6,915,000 | 23,940,000 | 6,703,000 | 3,129,000 | 3,086,000 | 3,333,000 | 1,221,000 | 423,713 |
| loans | 359,874,000 | 244,764,000 | 221,814,000 | 148,426,000 | 46,922,000 | 49,418,000 | ||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 2,330,000 | 4,282,000 | 2,641,000 | 2,784,000 | 1,768,000 | 1,866,000 | 1,712,000 | |
| provisions | ||||||||
| total long term liabilities | 182,267,000 | 126,664,000 | 113,548,000 | 76,997,000 | 25,229,000 | 26,575,000 | 1,712,000 | |
| total liabilities | 189,182,000 | 150,604,000 | 120,251,000 | 80,126,000 | 28,315,000 | 29,908,000 | 2,933,000 | 423,713 |
| net assets | 478,107,000 | 445,920,000 | 394,244,000 | 349,521,000 | 340,682,000 | 198,337,000 | 193,450,000 | 142,899,730 |
| total shareholders funds | 478,107,000 | 445,920,000 | 394,244,000 | 349,521,000 | 340,682,000 | 198,337,000 | 193,450,000 | 142,899,730 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 57,058,000 | 19,096,000 | 35,160,000 | 31,290,000 | 28,459,000 | 17,170,000 | 9,452,000 | |
| Depreciation | ||||||||
| Amortisation | ||||||||
| Tax | -1,000 | |||||||
| Stock | ||||||||
| Debtors | -29,168,000 | 5,807,000 | 47,494,000 | 5,440,000 | 4,736,000 | 4,065,000 | 1,770,000 | 566,266 |
| Creditors | -1,734,000 | 561,000 | 1,521,000 | 180,000 | -37,000 | 841,000 | 354,000 | |
| Accruals and Deferred Income | -477,000 | 1,862,000 | 2,053,000 | -137,000 | -210,000 | 1,271,000 | 867,000 | 423,713 |
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | 84,015,000 | 15,712,000 | -8,760,000 | 25,893,000 | 23,476,000 | 15,217,000 | 8,902,000 | |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 113,438,000 | 66,589,000 | 32,072,000 | 95,021,000 | 89,696,000 | 64,714,000 | 156,226,000 | |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | -14,814,000 | 14,814,000 | ||||||
| Long term loans | 115,110,000 | 22,950,000 | 73,388,000 | 101,504,000 | -2,496,000 | 49,418,000 | ||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -1,952,000 | 1,641,000 | -143,000 | 1,016,000 | -98,000 | 154,000 | 1,712,000 | |
| share issue | ||||||||
| interest | -8,227,000 | -2,208,000 | -3,192,000 | -2,507,000 | -2,127,000 | -698,000 | 6,000 | |
| cash flow from financing | 101,287,000 | 97,709,000 | 104,680,000 | 100,034,000 | 127,435,000 | 48,821,000 | 190,997,000 | 143,254,821 |
| cash and cash equivalents | ||||||||
| cash | -13,142,000 | 9,270,000 | 5,282,000 | -39,811,000 | 46,320,000 | -36,917,000 | 38,387,000 | 142,757,177 |
| overdraft | ||||||||
| change in cash | -13,142,000 | 9,270,000 | 5,282,000 | -39,811,000 | 46,320,000 | -36,917,000 | 38,387,000 | 142,757,177 |
care reit plc Credit Report and Business Information
Care Reit Plc Competitor Analysis
Perform a competitor analysis for care reit plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3M area or any other competitors across 12 key performance metrics.
care reit plc Ownership
CARE REIT PLC group structure
Care Reit Plc has 8 subsidiary companies.
Ultimate parent company
CARE REIT PLC
10464966
8 subsidiaries
care reit plc directors
Care Reit Plc currently has 6 directors. The longest serving directors include Ms Rosemary Boot (Jan 2017) and Mrs Amanda Aldridge (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Rosemary Boot | England | 62 years | Jan 2017 | - | Director |
| Mrs Amanda Aldridge | England | 62 years | Mar 2019 | - | Director |
| Mr Christopher Santer | United Kingdom | 51 years | May 2021 | - | Director |
| Mr Christopher Santer | United Kingdom | 51 years | May 2021 | - | Director |
| Mr Simon Laffin | England | 65 years | Jan 2023 | - | Director |
| Mr Cedric Frederick | England | 67 years | Apr 2024 | - | Director |
P&L
December 2023turnover
50.5m
+18%
operating profit
57.1m
+199%
gross margin
97.9%
-0.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
478.1m
+0.07%
total assets
667.3m
+0.12%
cash
9.4m
-0.58%
net assets
Total assets minus all liabilities
care reit plc company details
company number
10464966
Type
Public limited with Share Capital
industry
64306 - Activities of real estate investment trusts
incorporation date
November 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
impact healthcare reit plc (October 2024)
accountant
-
auditor
BDO LLP
address
the scalpel, 18th floor, 52 lime street, london, EC3M 7AF
Bank
-
Legal Advisor
-
care reit plc 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 care reit plc.
care reit plc 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 CARE REIT PLC. This can take several minutes, an email will notify you when this has completed.
care reit plc Companies House Filings - See Documents
| date | description | view/download |
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