norfolk primary care ltd
norfolk primary care ltd Company Information
Company Number
10714447
Registered Address
reed house 3rd floor, broadland business park, norwich, NR7 0WF
Industry
Other human health activities
Management consultancy activities (other than financial management)
Telephone
01603576091
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
alan lee 10.2%
ben coghill 8.8%
View Allnorfolk primary care ltd Estimated Valuation
Pomanda estimates the enterprise value of NORFOLK PRIMARY CARE LTD at £4m based on a Turnover of £10.8m and 0.38x industry multiple (adjusted for size and gross margin).
norfolk primary care ltd Estimated Valuation
Pomanda estimates the enterprise value of NORFOLK PRIMARY CARE LTD at £351.7k based on an EBITDA of £109.1k and a 3.22x industry multiple (adjusted for size and gross margin).
norfolk primary care ltd Estimated Valuation
Pomanda estimates the enterprise value of NORFOLK PRIMARY CARE LTD at £851.7k based on Net Assets of £356.4k and 2.39x industry multiple (adjusted for liquidity).
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Norfolk Primary Care Ltd Overview
Norfolk Primary Care Ltd is a live company located in norwich, NR7 0WF with a Companies House number of 10714447. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in April 2017, it's largest shareholder is alan lee with a 10.2% stake. Norfolk Primary Care Ltd is a young, mid sized company, Pomanda has estimated its turnover at £10.8m with rapid growth in recent years.
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Norfolk Primary Care Ltd Health Check
Pomanda's financial health check has awarded Norfolk Primary Care Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £10.8m, make it larger than the average company (£844.8k)
£10.8m - Norfolk Primary Care Ltd
£844.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 92%, show it is growing at a faster rate (5.8%)
- Norfolk Primary Care Ltd
5.8% - Industry AVG
Production
with a gross margin of 9.5%, this company has a higher cost of product (45.1%)
9.5% - Norfolk Primary Care Ltd
45.1% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (8.1%)
0.9% - Norfolk Primary Care Ltd
8.1% - Industry AVG
Employees
with 65 employees, this is above the industry average (15)
65 - Norfolk Primary Care Ltd
15 - Industry AVG
Pay Structure
on an average salary of £34.6k, the company has an equivalent pay structure (£30.9k)
£34.6k - Norfolk Primary Care Ltd
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £166k, this is more efficient (£73.5k)
£166k - Norfolk Primary Care Ltd
£73.5k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is later than average (41 days)
86 days - Norfolk Primary Care Ltd
41 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (29 days)
46 days - Norfolk Primary Care Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Norfolk Primary Care Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (76 weeks)
10 weeks - Norfolk Primary Care Ltd
76 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.1%, this is a higher level of debt than the average (42.2%)
91.1% - Norfolk Primary Care Ltd
42.2% - Industry AVG
NORFOLK PRIMARY CARE LTD financials
Norfolk Primary Care Ltd's latest turnover from March 2023 is £10.8 million and the company has net assets of £356.4 thousand. According to their latest financial statements, Norfolk Primary Care Ltd has 65 employees and maintains cash reserves of £697.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 10,790,807 | 7,243,285 | ||||
| Other Income Or Grants | 0 | 0 | ||||
| Cost Of Sales | 9,767,117 | 6,371,245 | ||||
| Gross Profit | 1,023,690 | 872,040 | ||||
| Admin Expenses | 931,763 | 751,725 | ||||
| Operating Profit | 91,927 | 120,315 | ||||
| Interest Payable | 0 | 262 | ||||
| Interest Receivable | 196 | 117 | ||||
| Pre-Tax Profit | 92,123 | 120,170 | ||||
| Tax | -17,503 | -22,832 | ||||
| Profit After Tax | 74,620 | 97,338 | ||||
| Dividends Paid | 0 | 0 | ||||
| Retained Profit | 74,620 | 97,338 | ||||
| Employee Costs | 2,249,192 | 2,112,513 | ||||
| Number Of Employees | 65 | 63 | 42 | 29 | 18 | 6 |
| EBITDA* | 109,058 | 133,618 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 4,940 | 21,948 | 24,986 | 15,393 | 3,416 | 4,488 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 4 | 5,550 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 1,004,148 | 5,550 | 0 | 0 |
| Total Fixed Assets | 4,940 | 21,952 | 1,034,684 | 20,943 | 3,416 | 4,488 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,547,508 | 1,601,185 | 0 | 88,461 | 262,419 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 777,423 | 0 | 0 | 0 | 26,381 | 4,381 |
| Cash | 697,167 | 680,466 | 204,266 | 538,382 | 94,618 | 44,019 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,022,098 | 2,281,651 | 204,266 | 626,843 | 383,418 | 48,400 |
| total assets | 4,027,038 | 2,303,603 | 1,238,950 | 647,786 | 386,834 | 52,888 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,236,674 | 255,891 | 1,075,873 | 494,357 | 46,641 | 8,753 |
| 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 | 3,868 | 6,942 |
| other current liabilities | 2,334,801 | 1,762,075 | 0 | 0 | 253,328 | 20,344 |
| total current liabilities | 3,571,475 | 2,017,966 | 1,075,873 | 494,357 | 303,837 | 36,039 |
| 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 | 0 | 0 | 0 | 7,244 | 0 | 0 |
| provisions | 99,134 | 3,836 | 6,806 | 2,857 | 581 | 763 |
| total long term liabilities | 99,134 | 3,836 | 6,806 | 10,101 | 581 | 763 |
| total liabilities | 3,670,609 | 2,021,802 | 1,082,679 | 504,458 | 304,418 | 36,802 |
| net assets | 356,429 | 281,801 | 156,271 | 143,328 | 82,416 | 16,086 |
| total shareholders funds | 356,429 | 281,801 | 156,271 | 143,328 | 82,416 | 16,086 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Apr 2019 | Apr 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 91,927 | 120,315 | ||||
| Depreciation | 17,131 | 13,303 | 11,642 | 5,287 | 2,771 | 2,211 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -17,503 | -22,832 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,723,746 | 597,037 | 910,137 | -194,789 | 284,419 | 4,381 |
| Creditors | 980,783 | -819,982 | 581,516 | 447,716 | 37,888 | 8,753 |
| Accruals and Deferred Income | 572,726 | 1,762,075 | 0 | -253,328 | 232,984 | 20,344 |
| Deferred Taxes & Provisions | 95,298 | -2,970 | 3,949 | 2,276 | -182 | 763 |
| Cash flow from operations | 16,616 | 452,872 | ||||
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | ||||
| Change in Investments | -4 | -5,546 | 5,550 | 0 | 0 | 0 |
| cash flow from investments | 4 | 5,546 | ||||
| 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 | -3,868 | -3,074 | 6,942 |
| other long term liabilities | 0 | 0 | -7,244 | 7,244 | 0 | 0 |
| share issue | ||||||
| interest | 196 | -145 | ||||
| cash flow from financing | 204 | 28,047 | ||||
| cash and cash equivalents | ||||||
| cash | 16,701 | 476,200 | -334,116 | 443,764 | 50,599 | 44,019 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 16,701 | 476,200 | -334,116 | 443,764 | 50,599 | 44,019 |
norfolk primary care ltd Credit Report and Business Information
Norfolk Primary Care Ltd Competitor Analysis
Perform a competitor analysis for norfolk primary care ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
norfolk primary care ltd Ownership
NORFOLK PRIMARY CARE LTD group structure
Norfolk Primary Care Ltd has no subsidiary companies.
Ultimate parent company
NORFOLK PRIMARY CARE LTD
10714447
norfolk primary care ltd directors
Norfolk Primary Care Ltd currently has 14 directors. The longest serving directors include Dr Peter Lawson (Nov 2017) and Mr Wayne Bolt (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Peter Lawson | England | 62 years | Nov 2017 | - | Director |
| Mr Wayne Bolt | England | 51 years | Nov 2017 | - | Director |
| Dr Alan Lee | England | 56 years | Nov 2017 | - | Director |
| Dr Satish Singh | United Kingdom | 47 years | Nov 2017 | - | Director |
| Mr James Leeming | England | 48 years | Mar 2018 | - | Director |
| Mrs Julie Cave | England | 59 years | Nov 2021 | - | Director |
| Mr Richard Parker | England | 57 years | Nov 2021 | - | Director |
| Mrs Helen Stratton | England | 64 years | Nov 2021 | - | Director |
| Mr Simon George | 52 years | Mar 2022 | - | Director | |
| Mr Simon George | 52 years | Mar 2022 | - | Director |
P&L
March 2023turnover
10.8m
+49%
operating profit
91.9k
-24%
gross margin
9.5%
-21.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
356.4k
+0.26%
total assets
4m
+0.75%
cash
697.2k
+0.02%
net assets
Total assets minus all liabilities
norfolk primary care ltd company details
company number
10714447
Type
Private limited with Share Capital
industry
86900 - Other human health activities
70229 - Management consultancy activities (other than financial management)
86210 - General medical practice activities
incorporation date
April 2017
age
7
accounts
Full Accounts
ultimate parent company
previous names
north norfolk primary care limited (April 2024)
incorporated
UK
address
reed house 3rd floor, broadland business park, norwich, NR7 0WF
last accounts submitted
March 2023
norfolk primary 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 norfolk primary care ltd.
norfolk primary care ltd Companies House Filings - See Documents
| date | description | view/download |
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