my choice healthcare limited
my choice healthcare limited Company Information
Company Number
11438306
Website
-Registered Address
5 the quadrant, coventry, CV1 2EL
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
propifi investments ltd 28%
drs management ltd 15.5%
View Allmy choice healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of MY CHOICE HEALTHCARE LIMITED at £13.8m based on a Turnover of £5.6m and 2.48x industry multiple (adjusted for size and gross margin).
my choice healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of MY CHOICE HEALTHCARE LIMITED at £13.2m based on an EBITDA of £1.4m and a 9.48x industry multiple (adjusted for size and gross margin).
my choice healthcare limited Estimated Valuation
Pomanda estimates the enterprise value of MY CHOICE HEALTHCARE LIMITED at £8.8m based on Net Assets of £4.7m and 1.86x industry multiple (adjusted for liquidity).
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My Choice Healthcare Limited Overview
My Choice Healthcare Limited is a live company located in coventry, CV1 2EL with a Companies House number of 11438306. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2018, it's largest shareholder is propifi investments ltd with a 27.9% stake. My Choice Healthcare Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.6m with rapid growth in recent years.
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My Choice Healthcare Limited Health Check
Pomanda's financial health check has awarded My Choice Healthcare Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 3 areas for improvement. Company Health Check FAQs
9 Strong
0 Regular
3 Weak
Size
annual sales of £5.6m, make it smaller than the average company (£18.8m)
£5.6m - My Choice Healthcare Limited
£18.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 170%, show it is growing at a faster rate (8.6%)
- My Choice Healthcare Limited
8.6% - Industry AVG
Production
with a gross margin of 96.4%, this company has a lower cost of product (35.1%)
96.4% - My Choice Healthcare Limited
35.1% - Industry AVG
Profitability
an operating margin of 23.8% make it more profitable than the average company (4.6%)
23.8% - My Choice Healthcare Limited
4.6% - Industry AVG
Employees
with 179 employees, this is above the industry average (106)
179 - My Choice Healthcare Limited
106 - Industry AVG
Pay Structure
on an average salary of £18.1k, the company has a lower pay structure (£42.9k)
£18.1k - My Choice Healthcare Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £31.2k, this is less efficient (£186.5k)
£31.2k - My Choice Healthcare Limited
£186.5k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (46 days)
3 days - My Choice Healthcare Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 129 days, this is slower than average (45 days)
129 days - My Choice Healthcare Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (39 days)
6 days - My Choice Healthcare Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)
2 weeks - My Choice Healthcare Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.2%, this is a lower level of debt than the average (69.4%)
60.2% - My Choice Healthcare Limited
69.4% - Industry AVG
MY CHOICE HEALTHCARE LIMITED financials
My Choice Healthcare Limited's latest turnover from August 2023 is £5.6 million and the company has net assets of £4.7 million. According to their latest financial statements, My Choice Healthcare Limited has 179 employees and maintains cash reserves of £59.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Turnover | 5,585,200 | 3,250,748 | |||
| Other Income Or Grants | 0 | 0 | |||
| Cost Of Sales | 200,881 | 87,939 | |||
| Gross Profit | 5,384,319 | 3,162,809 | |||
| Admin Expenses | 4,054,463 | -422,641 | |||
| Operating Profit | 1,329,856 | 3,585,450 | |||
| Interest Payable | 590,995 | 277,844 | |||
| Interest Receivable | 263 | 102 | |||
| Pre-Tax Profit | 739,124 | 3,307,708 | |||
| Tax | -145,658 | -860,868 | |||
| Profit After Tax | 593,466 | 2,446,840 | |||
| Dividends Paid | 350,436 | 141,288 | |||
| Retained Profit | 243,030 | 2,305,552 | |||
| Employee Costs | 3,247,851 | 1,814,563 | |||
| Number Of Employees | 179 | 133 | 85 | 3 | |
| EBITDA* | 1,387,652 | 3,699,156 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 10,005,615 | 8,290,225 | 2,604,622 | 0 | 0 |
| Intangible Assets | 836,415 | 1,541,958 | 2,095,006 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 150 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,842,030 | 9,832,183 | 4,699,628 | 150 | 0 |
| Stock & work in progress | 3,578 | 3,578 | 2,000 | 0 | 0 |
| Trade Debtors | 61,182 | 86,584 | 140,233 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 33,395 | 0 |
| Misc Debtors | 926,896 | 510,070 | 40,085 | 10,892 | 100 |
| Cash | 59,050 | 589,844 | 917,079 | 353,663 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,050,706 | 1,190,076 | 1,099,397 | 397,950 | 100 |
| total assets | 11,892,736 | 11,022,259 | 5,799,025 | 398,100 | 100 |
| Bank overdraft | 480,722 | 240,696 | 173,784 | 13 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 71,521 | 39,103 | 6,758 | 16,408 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 640,153 | 697,991 | 425,558 | 31,579 | 0 |
| total current liabilities | 1,192,396 | 977,790 | 606,100 | 48,000 | 0 |
| loans | 5,087,561 | 5,322,275 | 3,438,197 | 50,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 850,000 | 0 | 0 |
| provisions | 878,287 | 810,732 | 73,819 | 0 | 0 |
| total long term liabilities | 5,965,848 | 6,133,007 | 4,362,016 | 50,000 | 0 |
| total liabilities | 7,158,244 | 7,110,797 | 4,968,116 | 98,000 | 0 |
| net assets | 4,734,492 | 3,911,462 | 830,909 | 300,100 | 100 |
| total shareholders funds | 4,734,492 | 3,911,462 | 830,909 | 300,100 | 100 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 1,329,856 | 3,585,450 | |||
| Depreciation | 16,270 | 50,404 | 0 | 0 | 0 |
| Amortisation | 41,526 | 63,302 | 0 | 0 | 0 |
| Tax | -145,658 | -860,868 | |||
| Stock | 0 | 1,578 | 2,000 | 0 | 0 |
| Debtors | 391,424 | 416,336 | 136,031 | 44,187 | 100 |
| Creditors | 32,418 | 32,345 | -9,650 | 16,408 | 0 |
| Accruals and Deferred Income | -57,838 | 272,433 | 393,979 | 31,579 | 0 |
| Deferred Taxes & Provisions | 67,555 | 736,913 | 73,819 | 0 | 0 |
| Cash flow from operations | 892,705 | 3,462,065 | |||
| Investing Activities | |||||
| capital expenditure | 0 | 0 | |||
| Change in Investments | 0 | 0 | -150 | 150 | 0 |
| cash flow from investments | 0 | 0 | |||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -234,714 | 1,884,078 | 3,388,197 | 50,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -850,000 | 850,000 | 0 | 0 |
| share issue | |||||
| interest | -590,732 | -277,742 | |||
| cash flow from financing | -245,446 | 1,531,337 | |||
| cash and cash equivalents | |||||
| cash | -530,794 | -327,235 | 563,416 | 353,663 | 0 |
| overdraft | 240,026 | 66,912 | 173,771 | 13 | 0 |
| change in cash | -770,820 | -394,147 | 389,645 | 353,650 | 0 |
my choice healthcare limited Credit Report and Business Information
My Choice Healthcare Limited Competitor Analysis
Perform a competitor analysis for my choice healthcare limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in CV1 area or any other competitors across 12 key performance metrics.
my choice healthcare limited Ownership
MY CHOICE HEALTHCARE LIMITED group structure
My Choice Healthcare Limited has 3 subsidiary companies.
Ultimate parent company
MY CHOICE HEALTHCARE LIMITED
11438306
3 subsidiaries
my choice healthcare limited directors
My Choice Healthcare Limited currently has 2 directors. The longest serving directors include Mr Neil Askew (Jun 2018) and Mr Craig Sheppard (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Askew | England | 55 years | Jun 2018 | - | Director |
| Mr Craig Sheppard | United Kingdom | 56 years | Jun 2018 | - | Director |
P&L
August 2023turnover
5.6m
+72%
operating profit
1.3m
-63%
gross margin
96.5%
-0.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
4.7m
+0.21%
total assets
11.9m
+0.08%
cash
59.1k
-0.9%
net assets
Total assets minus all liabilities
Similar Companies
my choice healthcare limited company details
company number
11438306
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
June 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
FLINT & THOMPSON
address
5 the quadrant, coventry, CV1 2EL
Bank
-
Legal Advisor
-
my choice healthcare 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 found 8 charges/mortgages relating to my choice healthcare limited. Currently there are 1 open charges and 7 have been satisfied in the past.
my choice healthcare limited Companies House Filings - See Documents
| date | description | view/download |
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