healthhq group ltd
healthhq group ltd Company Information
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
View All
Shareholders
phixos investments ag 70.6%
dermot mullins 14.6%
View Allhealthhq group ltd Estimated Valuation
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
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
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
2 Strong
3 Regular
7 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£4.5m)
- Healthhq Group Ltd
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (9.9%)
- Healthhq Group Ltd
9.9% - Industry AVG
Production
with a gross margin of 42.4%, this company has a higher cost of product (72.4%)
- Healthhq Group Ltd
72.4% - Industry AVG
Profitability
an operating margin of -12.8% make it less profitable than the average company (3.6%)
- Healthhq Group Ltd
3.6% - Industry AVG
Employees
with 16 employees, this is below the industry average (40)
16 - Healthhq Group Ltd
40 - Industry AVG
Pay Structure
on an average salary of £71.9k, the company has an equivalent pay structure (£71.9k)
- Healthhq Group Ltd
£71.9k - Industry AVG
Efficiency
resulting in sales per employee of £109.5k, this is equally as efficient (£121k)
- Healthhq Group Ltd
£121k - Industry AVG
Debtor Days
it gets paid by customers after 139 days, this is later than average (58 days)
- Healthhq Group Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 178 days, this is slower than average (40 days)
- Healthhq Group Ltd
40 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is in line with average (21 days)
- Healthhq Group Ltd
21 days - Industry AVG
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
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
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 House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Feb 2019 | |
|---|---|---|---|---|---|---|
| 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 | 16 | 12 | 8 | 6 | 4 | 9 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Feb 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 267 | 1,019 | 2,978 | 4,660 | 13,416 | 23,000 |
| Intangible Assets | 4,992 | 10,469 | 3,891 | 1,972 | 13,805 | 23,667 |
| Investments & Other | 86 | 86 | 86 | 1 | 1 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,345 | 11,574 | 6,955 | 6,633 | 27,222 | 46,668 |
| Stock & work in progress | 48,434 | 58,771 | 23,981 | 0 | 0 | 0 |
| Trade Debtors | 667,712 | 430,355 | 440,074 | 270,975 | 104,391 | 9,141 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 68,277 | 111,124 | 4,757 | 146,139 | 13,494 | 64,981 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 784,423 | 600,250 | 468,812 | 417,114 | 117,885 | 74,122 |
| total assets | 789,768 | 611,824 | 475,767 | 423,747 | 145,107 | 120,790 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 492,535 | 897,284 | 355,470 | 148,110 | 76,402 | 47,447 |
| 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 | 492,535 | 897,284 | 355,470 | 148,110 | 76,402 | 47,447 |
| 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 | 1,133,508 | 1,386,695 | 980,487 | 885,000 | 500,000 | 270,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,133,508 | 1,386,695 | 980,487 | 885,000 | 500,000 | 270,000 |
| total liabilities | 1,626,043 | 2,283,979 | 1,335,957 | 1,033,110 | 576,402 | 317,447 |
| 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 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Feb 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 752 | 1,959 | 3,607 | 12,707 | 9,584 | 11,500 |
| Amortisation | 5,477 | 5,478 | 2,458 | 11,833 | 9,862 | 11,833 |
| Tax | ||||||
| Stock | -10,337 | 34,790 | 23,981 | 0 | 0 | 0 |
| Debtors | 237,357 | -9,719 | 169,099 | 166,584 | 104,391 | 9,141 |
| Creditors | -404,749 | 541,814 | 207,360 | 71,708 | 76,402 | 47,447 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 85 | 0 | 1 | 1 |
| 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 | -253,187 | 406,208 | 95,487 | 385,000 | 500,000 | 270,000 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -42,847 | 106,367 | -141,382 | 132,645 | 13,494 | 64,981 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -42,847 | 106,367 | -141,382 | 132,645 | 13,494 | 64,981 |
healthhq group ltd Credit Report and Business Information
Healthhq Group Ltd Competitor Analysis
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 directors
Healthhq Group Ltd currently has 3 directors. The longest serving directors include Mr John Larkin (Feb 2018) and Mr Dermot Mullins (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Larkin | 67 years | Feb 2018 | - | Director | |
| Mr Dermot Mullins | 64 years | Feb 2018 | - | Director | |
| Mr Madhur Srivastava | England | 48 years | Sep 2018 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
healthhq group ltd Companies House Filings - See Documents
| date | description | view/download |
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