healthhq group ltd

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healthhq group ltd Company Information

Share HEALTHHQ GROUP LTD
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Company Number

11186392

Website

-

Registered Address

first floor, teme house, whittington road, worcester, worcestershire, WR5 2RY

Industry

Business and domestic software development

 

Telephone

-

Next Accounts Due

September 2025

Group Structure

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Directors

John Larkin6 Years

Dermot Mullins6 Years

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Shareholders

phixos investments ag 70.6%

dermot mullins 14.6%

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healthhq group ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of HEALTHHQ GROUP LTD at £1.1m based on a Turnover of £1.8m and 0.64x industry multiple (adjusted for size and gross margin).

healthhq group ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of HEALTHHQ GROUP LTD at £0 based on an EBITDA of £-217.4k and a 4.27x industry multiple (adjusted for size and gross margin).

healthhq group ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of HEALTHHQ GROUP LTD at £0 based on Net Assets of £-836.3k and 2.31x industry multiple (adjusted for liquidity).

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Healthhq Group Ltd Overview

Healthhq Group Ltd is a live company located in worcester, WR5 2RY with a Companies House number of 11186392. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2018, it's largest shareholder is phixos investments ag with a 70.6% stake. Healthhq Group Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.

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Healthhq Group Ltd Health Check

Pomanda's financial health check has awarded Healthhq Group Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £1.8m, make it smaller than the average company (£4.5m)

£1.8m - Healthhq Group Ltd

£4.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (9.9%)

40% - Healthhq Group Ltd

9.9% - Industry AVG

production

Production

with a gross margin of 42.4%, this company has a higher cost of product (72.4%)

42.4% - Healthhq Group Ltd

72.4% - Industry AVG

profitability

Profitability

an operating margin of -12.8% make it less profitable than the average company (3.6%)

-12.8% - Healthhq Group Ltd

3.6% - Industry AVG

employees

Employees

with 16 employees, this is below the industry average (40)

16 - Healthhq Group Ltd

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £71.9k, the company has an equivalent pay structure (£71.9k)

£71.9k - Healthhq Group Ltd

£71.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £109.5k, this is equally as efficient (£121k)

£109.5k - Healthhq Group Ltd

£121k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 139 days, this is later than average (58 days)

139 days - Healthhq Group Ltd

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 178 days, this is slower than average (40 days)

178 days - Healthhq Group Ltd

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 17 days, this is in line with average (21 days)

17 days - Healthhq Group Ltd

21 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (18 weeks)

7 weeks - Healthhq Group Ltd

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 205.9%, this is a higher level of debt than the average (61.5%)

205.9% - Healthhq Group Ltd

61.5% - Industry AVG

HEALTHHQ GROUP LTD financials

EXPORTms excel logo

Healthhq Group Ltd's latest turnover from December 2023 is estimated at £1.8 million and the company has net assets of -£836.3 thousand. According to their latest financial statements, Healthhq Group Ltd has 16 employees and maintains cash reserves of £68.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Feb 2019
Turnover1,751,3161,155,9301,025,488637,790297,256263,714
Other Income Or Grants000000
Cost Of Sales1,008,807664,286575,526364,452174,210153,303
Gross Profit742,509491,644449,962273,339123,047110,411
Admin Expenses966,1741,270,439736,176451,487971,243724,162
Operating Profit-223,665-778,795-286,214-178,148-848,196-613,751
Interest Payable000000
Interest Receivable4,4852,0281898051244
Pre-Tax Profit-219,180-776,767-286,025-178,068-848,145-613,507
Tax000000
Profit After Tax-219,180-776,767-286,025-178,068-848,145-613,507
Dividends Paid000000
Retained Profit-219,180-776,767-286,025-178,068-848,145-613,507
Employee Costs1,150,983811,650506,674362,510248,488543,311
Number Of Employees16128649
EBITDA*-217,436-771,358-280,149-153,608-828,750-590,418

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Feb 2019
Tangible Assets2671,0192,9784,66013,41623,000
Intangible Assets4,99210,4693,8911,97213,80523,667
Investments & Other868686111
Debtors (Due After 1 year)000000
Total Fixed Assets5,34511,5746,9556,63327,22246,668
Stock & work in progress48,43458,77123,981000
Trade Debtors667,712430,355440,074270,975104,3919,141
Group Debtors000000
Misc Debtors000000
Cash68,277111,1244,757146,13913,49464,981
misc current assets000000
total current assets784,423600,250468,812417,114117,88574,122
total assets789,768611,824475,767423,747145,107120,790
Bank overdraft000000
Bank loan000000
Trade Creditors 492,535897,284355,470148,11076,40247,447
Group/Directors Accounts000000
other short term finances000000
hp & lease commitments000000
other current liabilities000000
total current liabilities492,535897,284355,470148,11076,40247,447
loans000000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities1,133,5081,386,695980,487885,000500,000270,000
provisions000000
total long term liabilities1,133,5081,386,695980,487885,000500,000270,000
total liabilities1,626,0432,283,9791,335,9571,033,110576,402317,447
net assets-836,275-1,672,155-860,190-609,363-431,295-196,657
total shareholders funds-836,275-1,672,155-860,190-609,363-431,295-196,657
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Feb 2019
Operating Activities
Operating Profit-223,665-778,795-286,214-178,148-848,196-613,751
Depreciation7521,9593,60712,7079,58411,500
Amortisation5,4775,4782,45811,8339,86211,833
Tax000000
Stock-10,33734,79023,981000
Debtors237,357-9,719169,099166,584104,3919,141
Creditors-404,749541,814207,36071,70876,40247,447
Accruals and Deferred Income000000
Deferred Taxes & Provisions000000
Cash flow from operations-849,205-254,615-265,869-248,484-856,739-552,112
Investing Activities
capital expenditure0-12,056-6,302-3,951-46,667-70,000
Change in Investments0085011
cash flow from investments0-12,056-6,387-3,951-46,668-70,001
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 000000
Long term loans000000
Hire Purchase and Lease Commitments000000
other long term liabilities-253,187406,20895,487385,000500,000270,000
share issue1,055,060-35,19835,1980416,850416,850
interest4,4852,0281898051244
cash flow from financing806,358373,038130,874385,080916,901687,094
cash and cash equivalents
cash-42,847106,367-141,382132,64513,49464,981
overdraft000000
change in cash-42,847106,367-141,382132,64513,49464,981

healthhq group ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Healthhq Group Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for healthhq group ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in WR5 area or any other competitors across 12 key performance metrics.

healthhq group ltd Ownership

HEALTHHQ GROUP LTD group structure

Healthhq Group Ltd has 1 subsidiary company.

Ultimate parent company

PHIXOS INVESTMENTS AG

#0077457

1 parent

HEALTHHQ GROUP LTD

11186392

1 subsidiary

HEALTHHQ GROUP LTD Shareholders

phixos investments ag 70.59%
dermot mullins 14.64%
madhur srivastava 12.29%
amit arora 2.48%

healthhq group ltd directors

Healthhq Group Ltd currently has 3 directors. The longest serving directors include Mr John Larkin (Feb 2018) and Mr Dermot Mullins (Feb 2018).

officercountryagestartendrole
Mr John Larkin67 years Feb 2018- Director
Mr Dermot Mullins64 years Feb 2018- Director
Mr Madhur SrivastavaEngland48 years Sep 2018- Director

P&L

December 2023

turnover

1.8m

+52%

operating profit

-223.7k

0%

gross margin

42.4%

-0.32%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-836.3k

-0.5%

total assets

789.8k

+0.29%

cash

68.3k

-0.39%

net assets

Total assets minus all liabilities

healthhq group ltd company details

company number

11186392

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

February 2018

age

6

incorporated

UK

ultimate parent company

PHIXOS INVESTMENTS AG

accounts

Unaudited Abridged

last accounts submitted

December 2023

previous names

ensco 1279 limited (November 2019)

accountant

KENNETH MORRIS LIMITED

auditor

-

address

first floor, teme house, whittington road, worcester, worcestershire, WR5 2RY

Bank

-

Legal Advisor

-

healthhq group 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 healthhq group ltd.

charges

healthhq group ltd Companies House Filings - See Documents

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