new spring family care ltd
new spring family care ltd Company Information
Company Number
10555652
Website
newspringfamilycare.co.ukRegistered Address
316 blackpool road fulwood, preston, lancashire, PR2 3AE
Industry
Other residential care activities
Telephone
441253283120
Next Accounts Due
November 2024
Group Structure
View All
Directors
Julie Appleby7 Years
Shareholders
julie appleby 100%
new spring family care ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW SPRING FAMILY CARE LTD at £622.2k based on a Turnover of £1m and 0.61x industry multiple (adjusted for size and gross margin).
new spring family care ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW SPRING FAMILY CARE LTD at £1.1m based on an EBITDA of £299.3k and a 3.75x industry multiple (adjusted for size and gross margin).
new spring family care ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW SPRING FAMILY CARE LTD at £3.1m based on Net Assets of £1.1m and 2.9x industry multiple (adjusted for liquidity).
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New Spring Family Care Ltd Overview
New Spring Family Care Ltd is a live company located in lancashire, PR2 3AE with a Companies House number of 10555652. It operates in the other residential care activities n.e.c. sector, SIC Code 87900. Founded in January 2017, it's largest shareholder is julie appleby with a 100% stake. New Spring Family Care Ltd is a young, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.
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New Spring Family Care Ltd Health Check
Pomanda's financial health check has awarded New Spring Family Care Ltd a 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 £1m, make it smaller than the average company (£1.8m)
- New Spring Family Care Ltd
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4%)
- New Spring Family Care Ltd
4% - Industry AVG
Production
with a gross margin of 41.1%, this company has a comparable cost of product (41.1%)
- New Spring Family Care Ltd
41.1% - Industry AVG
Profitability
an operating margin of 28.5% make it more profitable than the average company (10.3%)
- New Spring Family Care Ltd
10.3% - Industry AVG
Employees
with 19 employees, this is below the industry average (41)
19 - New Spring Family Care Ltd
41 - Industry AVG
Pay Structure
on an average salary of £25.1k, the company has an equivalent pay structure (£25.1k)
- New Spring Family Care Ltd
£25.1k - Industry AVG
Efficiency
resulting in sales per employee of £54k, this is more efficient (£43.3k)
- New Spring Family Care Ltd
£43.3k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is later than average (21 days)
- New Spring Family Care Ltd
21 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (15 days)
- New Spring Family Care Ltd
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- New Spring Family Care Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 235 weeks, this is more cash available to meet short term requirements (64 weeks)
235 weeks - New Spring Family Care Ltd
64 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.7%, this is a lower level of debt than the average (36.6%)
16.7% - New Spring Family Care Ltd
36.6% - Industry AVG
new spring family care ltd Credit Report and Business Information
New Spring Family Care Ltd Competitor Analysis
Perform a competitor analysis for new spring family care ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
new spring family care ltd Ownership
NEW SPRING FAMILY CARE LTD group structure
New Spring Family Care Ltd has no subsidiary companies.
Ultimate parent company
NEW SPRING FAMILY CARE LTD
10555652
new spring family care ltd directors
New Spring Family Care Ltd currently has 1 director, Mrs Julie Appleby serving since Jan 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Julie Appleby | England | 61 years | Jan 2017 | - | Director |
NEW SPRING FAMILY CARE LTD financials
New Spring Family Care Ltd's latest turnover from February 2023 is estimated at £1 million and the company has net assets of £1.1 million. According to their latest financial statements, New Spring Family Care Ltd has 19 employees and maintains cash reserves of £621.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 19 | 20 | 21 | 22 | 16 | 13 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 18,180 | 25,562 | 3,838 | 6,467 | 2,451 | 1,318 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,180 | 25,562 | 3,838 | 6,467 | 2,451 | 1,318 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 16,929 | 0 |
| Trade Debtors | 115,500 | 102,437 | 133,000 | 148,643 | 0 | 80,081 |
| Group Debtors | 0 | 312,812 | 422,701 | 0 | 0 | 0 |
| Misc Debtors | 538,762 | 388,328 | 30,548 | 0 | 13,404 | 7,932 |
| Cash | 621,937 | 310,637 | 499,182 | 87,068 | 254,320 | 41,369 |
| misc current assets | 100 | 100 | 100 | 0 | 0 | 0 |
| total current assets | 1,276,299 | 1,114,314 | 1,085,531 | 415,890 | 284,653 | 129,382 |
| total assets | 1,294,479 | 1,139,876 | 1,089,369 | 422,357 | 287,104 | 130,700 |
| Bank overdraft | 47,500 | 47,500 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,900 | 1,670 | 0 | 184 | 1 | 0 |
| Group/Directors Accounts | 0 | 5,308 | 416 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 190,000 | 25 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 85,676 | 119,835 | 94,827 | 0 | 60,600 | 28,407 |
| total current liabilities | 137,076 | 174,313 | 285,243 | 58,679 | 60,600 | 28,407 |
| loans | 79,167 | 126,667 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 79,167 | 126,667 | 0 | 0 | 0 | 0 |
| total liabilities | 216,243 | 300,980 | 285,243 | 58,679 | 60,600 | 28,407 |
| net assets | 1,078,236 | 838,896 | 804,126 | 363,678 | 226,504 | 102,293 |
| total shareholders funds | 1,078,236 | 838,896 | 804,126 | 363,678 | 226,504 | 102,293 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 7,382 | 8,377 | 2,629 | 2,691 | 1,051 | 118 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | 0 | 0 | 0 | -16,929 | 16,929 | 0 |
| Debtors | -149,315 | 217,328 | 437,606 | 135,239 | -74,609 | 88,013 |
| Creditors | 2,230 | 1,670 | -184 | 183 | 1 | 0 |
| Accruals and Deferred Income | -34,159 | 25,008 | 94,827 | -60,600 | 32,193 | 28,407 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -5,308 | 4,892 | 416 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -190,000 | 189,975 | 25 | 0 | 0 |
| Long term loans | -47,500 | 126,667 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 311,300 | -188,545 | 412,114 | -167,252 | 212,951 | 41,369 |
| overdraft | 0 | 47,500 | 0 | 0 | 0 | 0 |
| change in cash | 311,300 | -236,045 | 412,114 | -167,252 | 212,951 | 41,369 |
P&L
February 2023turnover
1m
+5%
operating profit
291.9k
0%
gross margin
41.2%
+7.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
1.1m
+0.29%
total assets
1.3m
+0.14%
cash
621.9k
+1%
net assets
Total assets minus all liabilities
new spring family care ltd company details
company number
10555652
Type
Private limited with Share Capital
industry
87900 - Other residential care activities
incorporation date
January 2017
age
7
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
316 blackpool road fulwood, preston, lancashire, PR2 3AE
last accounts submitted
February 2023
new spring family care ltd 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 new spring family care ltd.
new spring family care ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
