highgrove house carehome limited
highgrove house carehome limited Company Information
Company Number
10672624
Website
www.highgrove-house.netRegistered Address
32-34 winchester road, worthing, west sussex, BN11 4DH
Industry
Residential care activities for the elderly and disabled
Residential nursing care activities
Telephone
441903230487
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
jaspal kaur chahal 60%
nirmal singh chahal 40%
highgrove house carehome limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHGROVE HOUSE CAREHOME LIMITED at £1.4m based on a Turnover of £2.1m and 0.65x industry multiple (adjusted for size and gross margin).
highgrove house carehome limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHGROVE HOUSE CAREHOME LIMITED at £1.1m based on an EBITDA of £226.5k and a 4.82x industry multiple (adjusted for size and gross margin).
highgrove house carehome limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHGROVE HOUSE CAREHOME LIMITED at £539.8k based on Net Assets of £742.8k and 0.73x industry multiple (adjusted for liquidity).
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Highgrove House Carehome Limited Overview
Highgrove House Carehome Limited is a live company located in west sussex, BN11 4DH with a Companies House number of 10672624. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in March 2017, it's largest shareholder is jaspal kaur chahal with a 60% stake. Highgrove House Carehome Limited is a young, small sized company, Pomanda has estimated its turnover at £2.1m with low growth in recent years.
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Highgrove House Carehome Limited Health Check
Pomanda's financial health check has awarded Highgrove House Carehome Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£3m)
- Highgrove House Carehome Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5.6%)
- Highgrove House Carehome Limited
5.6% - Industry AVG
Production
with a gross margin of 26.3%, this company has a higher cost of product (36.8%)
- Highgrove House Carehome Limited
36.8% - Industry AVG
Profitability
an operating margin of 6.9% make it less profitable than the average company (10.2%)
- Highgrove House Carehome Limited
10.2% - Industry AVG
Employees
with 25 employees, this is below the industry average (74)
25 - Highgrove House Carehome Limited
74 - Industry AVG
Pay Structure
on an average salary of £23.9k, the company has an equivalent pay structure (£23.9k)
- Highgrove House Carehome Limited
£23.9k - Industry AVG
Efficiency
resulting in sales per employee of £85.3k, this is more efficient (£41.3k)
- Highgrove House Carehome Limited
£41.3k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is later than average (20 days)
- Highgrove House Carehome Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 113 days, this is slower than average (14 days)
- Highgrove House Carehome Limited
14 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (1 days)
- Highgrove House Carehome Limited
1 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (32 weeks)
5 weeks - Highgrove House Carehome Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.5%, this is a higher level of debt than the average (44.1%)
63.5% - Highgrove House Carehome Limited
44.1% - Industry AVG
HIGHGROVE HOUSE CAREHOME LIMITED financials
Highgrove House Carehome Limited's latest turnover from June 2023 is estimated at £2.1 million and the company has net assets of £742.8 thousand. According to their latest financial statements, Highgrove House Carehome Limited has 25 employees and maintains cash reserves of £50.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 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 | 25 | 25 | 26 | 27 | 23 | 28 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,124,947 | 1,167,805 | 1,216,044 | 1,222,206 | 1,172,627 | 1,184,165 |
| Intangible Assets | 462,000 | 495,000 | 528,000 | 561,000 | 594,000 | 627,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,586,947 | 1,662,805 | 1,744,044 | 1,783,206 | 1,766,627 | 1,811,165 |
| Stock & work in progress | 1,300 | 1,300 | 1,300 | 1,300 | 1,300 | 1,271 |
| Trade Debtors | 397,918 | 50,562 | 52,264 | 63,115 | 38,575 | 8,239 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 50,391 | 728,087 | 636,406 | 537,966 | 471,280 | 307,752 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 449,609 | 779,949 | 689,970 | 602,381 | 511,155 | 317,262 |
| total assets | 2,036,556 | 2,442,754 | 2,434,014 | 2,385,587 | 2,277,782 | 2,128,427 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 489,122 | 973,049 | 1,833,342 | 977,260 | 954,613 | 928,915 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 489,122 | 973,049 | 1,833,342 | 977,260 | 954,613 | 928,915 |
| loans | 0 | 0 | 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 | 794,309 | 839,716 | 50,000 | 911,014 | 955,116 | 997,957 |
| provisions | 10,326 | 12,844 | 18,862 | 16,886 | 4,319 | 3,365 |
| total long term liabilities | 804,635 | 852,560 | 68,862 | 927,900 | 959,435 | 1,001,322 |
| total liabilities | 1,293,757 | 1,825,609 | 1,902,204 | 1,905,160 | 1,914,048 | 1,930,237 |
| net assets | 742,799 | 617,145 | 531,810 | 480,427 | 363,734 | 198,190 |
| total shareholders funds | 742,799 | 617,145 | 531,810 | 480,427 | 363,734 | 198,190 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 45,391 | 48,968 | 43,286 | 43,083 | 24,349 | 21,699 |
| Amortisation | 33,000 | 33,000 | 33,000 | 33,000 | 33,000 | 33,000 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 29 | 1,271 |
| Debtors | 347,356 | -1,702 | -10,851 | 24,540 | 30,336 | 8,239 |
| Creditors | -483,927 | -860,293 | 856,082 | 22,647 | 25,698 | 928,915 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -2,518 | -6,018 | 1,976 | 12,567 | 954 | 3,365 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -45,407 | 789,716 | -861,014 | -44,102 | -42,841 | 997,957 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -677,696 | 91,681 | 98,440 | 66,686 | 163,528 | 307,752 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -677,696 | 91,681 | 98,440 | 66,686 | 163,528 | 307,752 |
highgrove house carehome limited Credit Report and Business Information
Highgrove House Carehome Limited Competitor Analysis
Perform a competitor analysis for highgrove house carehome limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in BN11 area or any other competitors across 12 key performance metrics.
highgrove house carehome limited Ownership
HIGHGROVE HOUSE CAREHOME LIMITED group structure
Highgrove House Carehome Limited has no subsidiary companies.
Ultimate parent company
HIGHGROVE HOUSE CAREHOME LIMITED
10672624
highgrove house carehome limited directors
Highgrove House Carehome Limited currently has 2 directors. The longest serving directors include Mrs Jaspal Chahal (Mar 2017) and Mr Nirmal Chahal (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Jaspal Chahal | England | 58 years | Mar 2017 | - | Director |
| Mr Nirmal Chahal | England | 62 years | Mar 2017 | - | Director |
P&L
June 2023turnover
2.1m
+13%
operating profit
148.1k
0%
gross margin
26.3%
-1.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
742.8k
+0.2%
total assets
2m
-0.17%
cash
50.4k
-0.93%
net assets
Total assets minus all liabilities
highgrove house carehome limited company details
company number
10672624
Type
Private limited with Share Capital
industry
87300 - Residential care activities for the elderly and disabled
87100 - Residential nursing care activities
87900 - Other residential care activities
incorporation date
March 2017
age
7
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
32-34 winchester road, worthing, west sussex, BN11 4DH
accountant
-
auditor
-
highgrove house carehome 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 highgrove house carehome limited.
highgrove house carehome limited Companies House Filings - See Documents
| date | description | view/download |
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