we care homes c.i.c.
we care homes c.i.c. Company Information
Company Number
10614341
Next Accounts
Nov 2025
Industry
Other accommodation
Directors
Shareholders
adrian osei-boakye adams
Group Structure
View All
Contact
Registered Address
320 city road, london, EC1V 2NZ
Website
wecaregroup.co.ukwe care homes c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of WE CARE HOMES C.I.C. at £434.1k based on a Turnover of £389.3k and 1.12x industry multiple (adjusted for size and gross margin).
we care homes c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of WE CARE HOMES C.I.C. at £64.3k based on an EBITDA of £11.3k and a 5.7x industry multiple (adjusted for size and gross margin).
we care homes c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of WE CARE HOMES C.I.C. at £0 based on Net Assets of £-616.1k and 1.93x industry multiple (adjusted for liquidity).
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We Care Homes C.i.c. Overview
We Care Homes C.i.c. is a live company located in london, EC1V 2NZ with a Companies House number of 10614341. It operates in the other accommodation sector, SIC Code 55900. Founded in February 2017, it's largest shareholder is adrian osei-boakye adams with a 100% stake. We Care Homes C.i.c. is a young, micro sized company, Pomanda has estimated its turnover at £389.3k with declining growth in recent years.
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We Care Homes C.i.c. Health Check
Pomanda's financial health check has awarded We Care Homes C.I.C. a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
6 Weak
Size
annual sales of £389.3k, make it smaller than the average company (£909k)
- We Care Homes C.i.c.
£909k - Industry AVG
Growth
3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (7.4%)
- We Care Homes C.i.c.
7.4% - Industry AVG
Production
with a gross margin of 57.6%, this company has a comparable cost of product (57.6%)
- We Care Homes C.i.c.
57.6% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (6.3%)
- We Care Homes C.i.c.
6.3% - Industry AVG
Employees
with 7 employees, this is below the industry average (20)
7 - We Care Homes C.i.c.
20 - Industry AVG
Pay Structure
on an average salary of £24.6k, the company has an equivalent pay structure (£24.6k)
- We Care Homes C.i.c.
£24.6k - Industry AVG
Efficiency
resulting in sales per employee of £55.6k, this is equally as efficient (£55.6k)
- We Care Homes C.i.c.
£55.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- We Care Homes C.i.c.
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- We Care Homes C.i.c.
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- We Care Homes C.i.c.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (86 weeks)
0 weeks - We Care Homes C.i.c.
86 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29424.8%, this is a higher level of debt than the average (31.9%)
29424.8% - We Care Homes C.i.c.
31.9% - Industry AVG
WE CARE HOMES C.I.C. financials
We Care Homes C.I.C.'s latest turnover from February 2024 is estimated at £389.3 thousand and the company has net assets of -£616.1 thousand. According to their latest financial statements, We Care Homes C.I.C. has 7 employees and maintains cash reserves of £2.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | 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 | 7 | 6 | 7 | 10 | 6 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 21,819 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,101 | 1,563 | 87 | 98 | 234 | 29 | 819 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,101 | 1,563 | 87 | 98 | 234 | 29 | 22,638 |
| total assets | 2,101 | 1,563 | 87 | 98 | 234 | 29 | 22,638 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 173,165 | 171,463 | 43,560 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 240,073 | 256,454 | 0 | 108,420 | 57,649 | 45,987 | 5,339 |
| total current liabilities | 240,073 | 256,454 | 173,165 | 279,883 | 101,209 | 45,987 | 5,339 |
| loans | 34,439 | 42,151 | 0 | 50,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 343,702 | 324,367 | 265,983 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 378,141 | 366,518 | 265,983 | 50,000 | 0 | 0 | 0 |
| total liabilities | 618,214 | 622,972 | 439,148 | 329,883 | 101,209 | 45,987 | 5,339 |
| net assets | -616,113 | -621,409 | -439,061 | -329,785 | -100,975 | -45,958 | 17,299 |
| total shareholders funds | -616,113 | -621,409 | -439,061 | -329,785 | -100,975 | -45,958 | 17,299 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | 0 | 0 | -21,819 | 21,819 |
| Creditors | 0 | -173,165 | 1,702 | 127,903 | 43,560 | 0 | 0 |
| Accruals and Deferred Income | -16,381 | 256,454 | -108,420 | 50,771 | 11,662 | 40,648 | 5,339 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -7,712 | 42,151 | -50,000 | 50,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 19,335 | 58,384 | 265,983 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 538 | 1,476 | -11 | -136 | 205 | -790 | 819 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 538 | 1,476 | -11 | -136 | 205 | -790 | 819 |
we care homes c.i.c. Credit Report and Business Information
We Care Homes C.i.c. Competitor Analysis
Perform a competitor analysis for we care homes c.i.c. by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in EC1V area or any other competitors across 12 key performance metrics.
we care homes c.i.c. Ownership
WE CARE HOMES C.I.C. group structure
We Care Homes C.I.C. has no subsidiary companies.
Ultimate parent company
WE CARE HOMES C.I.C.
10614341
we care homes c.i.c. directors
We Care Homes C.I.C. currently has 1 director, Mr Adrian Adams serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adrian Adams | England | 35 years | Feb 2017 | - | Director |
P&L
February 2024turnover
389.3k
+25%
operating profit
11.3k
0%
gross margin
57.7%
-2.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
-616.1k
-0.01%
total assets
2.1k
+0.34%
cash
2.1k
+0.34%
net assets
Total assets minus all liabilities
we care homes c.i.c. company details
company number
10614341
Type
Private limited with Share Capital
industry
55900 - Other accommodation
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
we care homes ltd (December 2023)
accountant
-
auditor
-
address
320 city road, london, EC1V 2NZ
Bank
-
Legal Advisor
-
we care homes c.i.c. 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 we care homes c.i.c..
we care homes c.i.c. 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 WE CARE HOMES C.I.C.. This can take several minutes, an email will notify you when this has completed.
we care homes c.i.c. Companies House Filings - See Documents
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