circle health holdings limited
circle health holdings limited Company Information
Company Number
10543098
Registered Address
1st floor 30 cannon street, london, EC4M 6XH
Industry
Non-trading company
Telephone
01761422222
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mh services international (uk) limited 100%
circle health holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CIRCLE HEALTH HOLDINGS LIMITED at £840.6m based on a Turnover of £1.1b and 0.77x industry multiple (adjusted for size and gross margin).
circle health holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CIRCLE HEALTH HOLDINGS LIMITED at £1b based on an EBITDA of £155.3m and a 6.73x industry multiple (adjusted for size and gross margin).
circle health holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CIRCLE HEALTH HOLDINGS LIMITED at £0 based on Net Assets of £-28.6m and 2.08x industry multiple (adjusted for liquidity).
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Circle Health Holdings Limited Overview
Circle Health Holdings Limited is a live company located in london, EC4M 6XH with a Companies House number of 10543098. It operates in the non-trading company sector, SIC Code 74990. Founded in December 2016, it's largest shareholder is mh services international (uk) limited with a 100% stake. Circle Health Holdings Limited is a young, mega sized company, Pomanda has estimated its turnover at £1.1b with rapid growth in recent years.
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Circle Health Holdings Limited Health Check
Pomanda's financial health check has awarded Circle Health Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £1.1b, make it larger than the average company (£3.8m)
£1.1b - Circle Health Holdings Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 120%, show it is growing at a faster rate (3.1%)
120% - Circle Health Holdings Limited
3.1% - Industry AVG
Production
with a gross margin of 17.7%, this company has a higher cost of product (35%)
17.7% - Circle Health Holdings Limited
35% - Industry AVG
Profitability
an operating margin of 4.6% make it less profitable than the average company (5.9%)
4.6% - Circle Health Holdings Limited
5.9% - Industry AVG
Employees
with 8860 employees, this is above the industry average (40)
8860 - Circle Health Holdings Limited
40 - Industry AVG
Pay Structure
on an average salary of £45.6k, the company has an equivalent pay structure (£39.7k)
£45.6k - Circle Health Holdings Limited
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £123.2k, this is less efficient (£149.8k)
£123.2k - Circle Health Holdings Limited
£149.8k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (43 days)
27 days - Circle Health Holdings Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (43 days)
34 days - Circle Health Holdings Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (48 days)
7 days - Circle Health Holdings Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (34 weeks)
8 weeks - Circle Health Holdings Limited
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.3%, this is a higher level of debt than the average (48.7%)
101.3% - Circle Health Holdings Limited
48.7% - Industry AVG
circle health holdings limited Credit Report and Business Information
Circle Health Holdings Limited Competitor Analysis
Perform a competitor analysis for circle health holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
circle health holdings limited Ownership
CIRCLE HEALTH HOLDINGS LIMITED group structure
Circle Health Holdings Limited has 2 subsidiary companies.
Ultimate parent company
CENTENE CORPORATION
#0104229
2 parents
CIRCLE HEALTH HOLDINGS LIMITED
10543098
2 subsidiaries
circle health holdings limited directors
Circle Health Holdings Limited currently has 6 directors. The longest serving directors include Mr John Hutton (Jul 2017) and Mr Peter Sullivan (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Hutton | England | 69 years | Jul 2017 | - | Director |
| Mr Peter Sullivan | England | 76 years | Jul 2017 | - | Director |
| Mr Paolo Pieri | England | 52 years | Jul 2017 | - | Director |
| Mr Henry Davies | England | 56 years | Aug 2020 | - | Director |
| Mr Paul Manning | 55 years | Aug 2020 | - | Director | |
| Mrs Beverley Tew | 56 years | Feb 2022 | - | Director |
CIRCLE HEALTH HOLDINGS LIMITED financials
Circle Health Holdings Limited's latest turnover from December 2022 is £1.1 billion and the company has net assets of -£28.6 million. According to their latest financial statements, Circle Health Holdings Limited has 8,860 employees and maintains cash reserves of £35 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 1,091,724,000 | 1,051,642,000 | 984,876,000 | 102,894,000 | 155,621,000 | 100,882,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 898,146,000 | 845,520,000 | 772,492,000 | 72,059,000 | 108,035,000 | 70,934,000 |
| Gross Profit | 193,578,000 | 206,122,000 | 212,384,000 | 30,835,000 | 47,586,000 | 29,948,000 |
| Admin Expenses | 143,476,000 | 123,469,000 | 139,594,000 | 49,521,000 | 60,025,000 | 36,262,000 |
| Operating Profit | 50,102,000 | 82,653,000 | 72,790,000 | -18,686,000 | -12,439,000 | -6,314,000 |
| Interest Payable | 137,788,000 | 137,376,000 | 136,515,000 | 5,190,000 | 214,000 | 200,000 |
| Interest Receivable | 336,000 | 54,000 | 481,000 | 2,000 | 15,000 | 50,000 |
| Pre-Tax Profit | -87,350,000 | -51,402,000 | -63,244,000 | -23,874,000 | -12,638,000 | -6,464,000 |
| Tax | 6,985,000 | -1,274,000 | 2,868,000 | 274,000 | 1,555,000 | 309,000 |
| Profit After Tax | -80,365,000 | -52,676,000 | -60,376,000 | -23,600,000 | -11,083,000 | -6,155,000 |
| Dividends Paid | 19,000 | 71,000 | 794,000 | 0 | 0 | 0 |
| Retained Profit | -81,419,000 | -53,665,000 | -61,816,000 | -20,538,000 | -10,693,000 | -5,835,000 |
| Employee Costs | 403,804,000 | 363,871,000 | 309,086,000 | 29,205,000 | 39,654,000 | 24,678,000 |
| Number Of Employees | 8,860 | 8,474 | 7,833 | 1,010 | 1,219 | 1,214 |
| EBITDA* | 155,294,000 | 188,109,000 | 175,166,000 | -7,573,000 | -9,854,000 | -2,890,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,718,654,000 | 1,739,818,000 | 1,769,091,000 | 104,663,000 | 8,602,000 | 8,850,000 |
| Intangible Assets | 186,095,000 | 193,891,000 | 204,130,000 | 45,629,000 | 47,025,000 | 58,313,000 |
| Investments & Other | 4,299,000 | 5,142,000 | 3,407,000 | 1,165,000 | 870,000 | 480,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 2,500,000 | 2,500,000 | 2,500,000 |
| Total Fixed Assets | 1,904,749,000 | 1,933,709,000 | 1,973,221,000 | 150,292,000 | 55,627,000 | 67,163,000 |
| Stock & work in progress | 17,746,000 | 17,276,000 | 16,884,000 | 1,207,000 | 1,784,000 | 1,951,000 |
| Trade Debtors | 80,770,000 | 63,468,000 | 52,137,000 | 11,941,000 | 8,441,000 | 7,440,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 12,403,000 | 12,244,000 | 24,378,000 | 3,889,000 | 4,085,000 | 4,946,000 |
| Cash | 35,014,000 | 102,915,000 | 115,857,000 | 11,133,000 | 14,033,000 | 16,215,000 |
| misc current assets | 0 | 0 | 0 | 84,000 | 0 | 0 |
| total current assets | 145,933,000 | 195,903,000 | 238,831,000 | 28,254,000 | 28,343,000 | 30,552,000 |
| total assets | 2,050,682,000 | 2,129,612,000 | 2,212,052,000 | 178,546,000 | 83,970,000 | 97,715,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 86,119,000 | 92,596,000 | 89,117,000 | 15,471,000 | 10,814,000 | 6,057,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 14,159,000 | 8,065,000 | 7,117,000 | 5,160,000 | 745,000 | 947,000 |
| other current liabilities | 107,316,000 | 94,199,000 | 132,877,000 | 22,324,000 | 10,431,000 | 16,788,000 |
| total current liabilities | 207,594,000 | 194,860,000 | 229,111,000 | 42,955,000 | 21,990,000 | 23,792,000 |
| loans | 3,728,664,000 | 3,760,118,000 | 3,755,144,000 | 207,350,000 | 4,184,000 | 147,102,000 |
| hp & lease commitments | 1,703,298,000 | 1,666,021,000 | 1,665,687,000 | 101,827,000 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 1,686,000 | 1,789,000 |
| provisions | 8,824,000 | 22,502,000 | 18,788,000 | 5,178,000 | 5,726,000 | 8,836,000 |
| total long term liabilities | 1,868,744,000 | 1,891,310,000 | 1,886,966,000 | 106,264,000 | 6,641,000 | 79,758,000 |
| total liabilities | 2,076,338,000 | 2,086,170,000 | 2,116,077,000 | 149,219,000 | 28,631,000 | 103,550,000 |
| net assets | -28,645,000 | 41,010,000 | 94,390,000 | 29,327,000 | 55,339,000 | -5,835,000 |
| total shareholders funds | -28,645,000 | 41,010,000 | 94,390,000 | 29,327,000 | 55,339,000 | -5,835,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 50,102,000 | 82,653,000 | 72,790,000 | -18,686,000 | -12,439,000 | -6,314,000 |
| Depreciation | 96,520,000 | 93,651,000 | 92,488,000 | 9,567,000 | 1,612,000 | 1,656,000 |
| Amortisation | 8,672,000 | 11,805,000 | 9,888,000 | 1,546,000 | 973,000 | 1,768,000 |
| Tax | 6,985,000 | -1,274,000 | 2,868,000 | 274,000 | 1,555,000 | 309,000 |
| Stock | 470,000 | 392,000 | 15,677,000 | -577,000 | -167,000 | 1,951,000 |
| Debtors | 17,461,000 | -803,000 | 58,185,000 | 3,304,000 | 140,000 | 14,886,000 |
| Creditors | -6,477,000 | 3,479,000 | 73,646,000 | 4,657,000 | 4,757,000 | 6,057,000 |
| Accruals and Deferred Income | 13,117,000 | -38,678,000 | 110,553,000 | 11,893,000 | -6,357,000 | 16,788,000 |
| Deferred Taxes & Provisions | -13,678,000 | 3,714,000 | 13,610,000 | -548,000 | -3,110,000 | 8,836,000 |
| Cash flow from operations | 137,310,000 | 155,761,000 | 301,981,000 | 5,976,000 | -12,982,000 | 12,263,000 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -843,000 | 1,735,000 | 2,242,000 | 295,000 | 390,000 | 480,000 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -31,454,000 | 4,974,000 | 3,547,794,000 | 203,166,000 | -142,918,000 | 147,102,000 |
| Hire Purchase and Lease Commitments | 43,371,000 | 1,282,000 | 1,565,817,000 | 106,242,000 | -202,000 | 947,000 |
| other long term liabilities | 0 | 0 | 0 | -1,686,000 | -103,000 | 1,789,000 |
| share issue | ||||||
| interest | -137,452,000 | -137,322,000 | -136,034,000 | -5,188,000 | -199,000 | -150,000 |
| cash flow from financing | -113,771,000 | -130,781,000 | 5,104,456,000 | 297,060,000 | -71,555,000 | 149,688,000 |
| cash and cash equivalents | ||||||
| cash | -67,901,000 | -12,942,000 | 104,724,000 | -2,900,000 | -2,182,000 | 16,215,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -67,901,000 | -12,942,000 | 104,724,000 | -2,900,000 | -2,182,000 | 16,215,000 |
P&L
December 2022turnover
1.1b
+4%
operating profit
50.1m
-39%
gross margin
17.8%
-9.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-28.6m
-1.7%
total assets
2.1b
-0.04%
cash
35m
-0.66%
net assets
Total assets minus all liabilities
Similar Companies
circle health holdings limited company details
company number
10543098
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
December 2016
age
8
accounts
Group
ultimate parent company
previous names
dmwsl 849 limited (June 2017)
incorporated
UK
address
1st floor 30 cannon street, london, EC4M 6XH
last accounts submitted
December 2022
circle health holdings 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 circle health holdings limited.
circle health holdings limited Companies House Filings - See Documents
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