my care choice limited
my care choice limited Company Information
Company Number
10580882
Website
-Registered Address
ags, unit 1 castle court 2, castlegate way, dudley, DY1 4RH
Industry
Other social work activities without accommodation n.e.c.
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
jonathan sam beckett 50%
amanda claire levine 25%
View Allmy care choice limited Estimated Valuation
Pomanda estimates the enterprise value of MY CARE CHOICE LIMITED at £1.5m based on a Turnover of £3.9m and 0.39x industry multiple (adjusted for size and gross margin).
my care choice limited Estimated Valuation
Pomanda estimates the enterprise value of MY CARE CHOICE LIMITED at £450.4k based on an EBITDA of £109k and a 4.13x industry multiple (adjusted for size and gross margin).
my care choice limited Estimated Valuation
Pomanda estimates the enterprise value of MY CARE CHOICE LIMITED at £598.8k based on Net Assets of £172.4k and 3.47x industry multiple (adjusted for liquidity).
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My Care Choice Limited Overview
My Care Choice Limited is a live company located in dudley, DY1 4RH with a Companies House number of 10580882. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in January 2017, it's largest shareholder is jonathan sam beckett with a 50% stake. My Care Choice Limited is a young, small sized company, Pomanda has estimated its turnover at £3.9m with high growth in recent years.
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My Care Choice Limited Health Check
Pomanda's financial health check has awarded My Care Choice Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £3.9m, make it larger than the average company (£417.6k)
- My Care Choice Limited
£417.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4.9%)
- My Care Choice Limited
4.9% - Industry AVG
Production
with a gross margin of 49.9%, this company has a comparable cost of product (49.9%)
- My Care Choice Limited
49.9% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (4%)
- My Care Choice Limited
4% - Industry AVG
Employees
with 79 employees, this is above the industry average (12)
79 - My Care Choice Limited
12 - Industry AVG
Pay Structure
on an average salary of £23k, the company has an equivalent pay structure (£23k)
- My Care Choice Limited
£23k - Industry AVG
Efficiency
resulting in sales per employee of £49.2k, this is more efficient (£39.5k)
- My Care Choice Limited
£39.5k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is later than average (15 days)
- My Care Choice Limited
15 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- My Care Choice Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- My Care Choice Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (253 weeks)
26 weeks - My Care Choice Limited
253 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.2%, this is a higher level of debt than the average (11.7%)
50.2% - My Care Choice Limited
11.7% - Industry AVG
MY CARE CHOICE LIMITED financials
My Care Choice Limited's latest turnover from January 2023 is estimated at £3.9 million and the company has net assets of £172.4 thousand. According to their latest financial statements, My Care Choice Limited has 79 employees and maintains cash reserves of £75.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 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 | 79 | 84 | 68 | 56 | 33 | 9 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,671 | 1,248 | 698 | 785 | 1,789 | 36,381 |
| Intangible Assets | 15,515 | 19,394 | 23,273 | 27,152 | 31,031 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,186 | 20,642 | 23,971 | 27,937 | 32,820 | 36,381 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 248,350 | 227,848 | 136,775 | 135,188 | 108,887 | 64,942 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,062 | 12,866 | 20,000 | 2,406 | 92,076 | 0 |
| Cash | 75,755 | 25,262 | 91,767 | 41,157 | 48,875 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 329,167 | 265,976 | 248,542 | 178,751 | 249,838 | 64,942 |
| total assets | 346,353 | 286,618 | 272,513 | 206,688 | 282,658 | 101,323 |
| Bank overdraft | 12,164 | 22,878 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 18,494 | 10,010 | 9,467 | 0 |
| Trade Creditors | 0 | 0 | 75 | 0 | 0 | 85,217 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 138,126 | 137,629 | 104,015 | 54,639 | 213,894 | 0 |
| total current liabilities | 150,290 | 160,507 | 122,584 | 64,649 | 223,361 | 85,217 |
| loans | 23,694 | 35,967 | 109,191 | 78,670 | 89,222 | 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 | 105,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 23,694 | 35,967 | 109,191 | 78,670 | 89,222 | 105,000 |
| total liabilities | 173,984 | 196,474 | 231,775 | 143,319 | 312,583 | 190,217 |
| net assets | 172,369 | 90,144 | 40,738 | 63,369 | -29,925 | -88,894 |
| total shareholders funds | 172,369 | 90,144 | 40,738 | 63,369 | -29,925 | -88,894 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 882 | 479 | 664 | 1,004 | ||
| Amortisation | 3,879 | 3,879 | 3,879 | 3,879 | ||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 12,698 | 83,939 | 19,181 | -63,369 | 136,021 | 64,942 |
| Creditors | 0 | -75 | 75 | 0 | -85,217 | 85,217 |
| Accruals and Deferred Income | 497 | 33,614 | 49,376 | -159,255 | 213,894 | 0 |
| 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 | -18,494 | 8,484 | 543 | 9,467 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -12,273 | -73,224 | 30,521 | -10,552 | 89,222 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -105,000 | 105,000 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 50,493 | -66,505 | 50,610 | -7,718 | 48,875 | 0 |
| overdraft | -10,714 | 22,878 | 0 | 0 | 0 | 0 |
| change in cash | 61,207 | -89,383 | 50,610 | -7,718 | 48,875 | 0 |
my care choice limited Credit Report and Business Information
My Care Choice Limited Competitor Analysis
Perform a competitor analysis for my care choice limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
my care choice limited Ownership
MY CARE CHOICE LIMITED group structure
My Care Choice Limited has no subsidiary companies.
Ultimate parent company
MY CARE CHOICE LIMITED
10580882
my care choice limited directors
My Care Choice Limited currently has 2 directors. The longest serving directors include Dr Shams-Ulislam Ilyas (Mar 2024) and Dr Sumbal Iqbal (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Shams-Ulislam Ilyas | England | 34 years | Mar 2024 | - | Director |
| Dr Sumbal Iqbal | England | 33 years | Mar 2024 | - | Director |
P&L
January 2023turnover
3.9m
-5%
operating profit
104.2k
0%
gross margin
50%
+3.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
172.4k
+0.91%
total assets
346.4k
+0.21%
cash
75.8k
+2%
net assets
Total assets minus all liabilities
my care choice limited company details
company number
10580882
Type
Private limited with Share Capital
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
January 2017
age
7
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
ags, unit 1 castle court 2, castlegate way, dudley, DY1 4RH
last accounts submitted
January 2023
my care choice 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 2 charges/mortgages relating to my care choice limited. Currently there are 1 open charges and 1 have been satisfied in the past.
my care choice limited Companies House Filings - See Documents
| date | description | view/download |
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