target healthcare reit plc
target healthcare reit plc Company Information
Company Number
11990238
Next Accounts
Dec 2025
Shareholders
robert malcolm naish
Group Structure
View All
Industry
Activities of real estate investment trusts
Registered Address
level 4, dashwood house, 69 old broad street, london, EC2M 1QS
target healthcare reit plc Estimated Valuation
Pomanda estimates the enterprise value of TARGET HEALTHCARE REIT PLC at £364.5m based on a Turnover of £58.6m and 6.22x industry multiple (adjusted for size and gross margin).
target healthcare reit plc Estimated Valuation
Pomanda estimates the enterprise value of TARGET HEALTHCARE REIT PLC at £1.4b based on an EBITDA of £99.6m and a 13.75x industry multiple (adjusted for size and gross margin).
target healthcare reit plc Estimated Valuation
Pomanda estimates the enterprise value of TARGET HEALTHCARE REIT PLC at £1.2b based on Net Assets of £689.3m and 1.74x industry multiple (adjusted for liquidity).
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Target Healthcare Reit Plc Overview
Target Healthcare Reit Plc is a live company located in london, EC2M 1QS with a Companies House number of 11990238. It operates in the activities of real estate investment trusts sector, SIC Code 64306. Founded in May 2019, it's largest shareholder is robert malcolm naish with a 100% stake. Target Healthcare Reit Plc is a young, large sized company, Pomanda has estimated its turnover at £58.6m with healthy growth in recent years.
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Target Healthcare Reit Plc Health Check
Pomanda's financial health check has awarded Target Healthcare Reit Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
1 Weak
Size
annual sales of £58.6m, make it larger than the average company (£1.7m)
£58.6m - Target Healthcare Reit Plc
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.5%)
12% - Target Healthcare Reit Plc
4.5% - Industry AVG
Production
with a gross margin of 82.7%, this company has a comparable cost of product (82.7%)
82.7% - Target Healthcare Reit Plc
82.7% - Industry AVG
Profitability
an operating margin of 169.8% make it more profitable than the average company (29.1%)
169.8% - Target Healthcare Reit Plc
29.1% - Industry AVG
Employees
with 150 employees, this is above the industry average (4)
- Target Healthcare Reit Plc
4 - Industry AVG
Pay Structure
on an average salary of £56.3k, the company has an equivalent pay structure (£56.3k)
- Target Healthcare Reit Plc
£56.3k - Industry AVG
Efficiency
resulting in sales per employee of £390.8k, this is equally as efficient (£392.9k)
- Target Healthcare Reit Plc
£392.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Target Healthcare Reit Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Target Healthcare Reit Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Target Healthcare Reit Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 73 weeks, this is more cash available to meet short term requirements (24 weeks)
73 weeks - Target Healthcare Reit Plc
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.7%, this is a higher level of debt than the average (22%)
28.7% - Target Healthcare Reit Plc
22% - Industry AVG
TARGET HEALTHCARE REIT PLC financials
Target Healthcare Reit Plc's latest turnover from June 2024 is £58.6 million and the company has net assets of £689.3 million. According to their latest financial statements, we estimate that Target Healthcare Reit Plc has 150 employees and maintains cash reserves of £38.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 58,624,000 | 56,440,000 | 49,767,000 | 41,241,000 | 36,048,000 | 27,923,000 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | 10,866,000 | 9,572,000 | 6,671,000 | 4,850,000 | 4,388,000 | 3,165,000 |
| Interest Receivable | 66,000 | 134,000 | 71,000 | 39,000 | 111,000 | 61,000 |
| Pre-Tax Profit | 36,270,000 | 36,264,000 | 29,465,000 | 25,300,000 | 22,246,000 | 18,104,000 |
| Tax | -6,000 | 8,000 | 3,000 | |||
| Profit After Tax | 36,270,000 | 36,264,000 | 29,459,000 | 25,308,000 | 22,249,000 | 18,104,000 |
| Dividends Paid | 17,714,000 | 1,555,000 | 1,337,000 | 31,606,000 | 29,254,000 | 23,717,000 |
| Retained Profit | 18,556,000 | 34,709,000 | 28,122,000 | -6,298,000 | -7,005,000 | -5,613,000 |
| Employee Costs | ||||||
| Number Of Employees | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 922,819,000 | 883,433,000 | 923,626,000 | 685,987,000 | 616,130,000 | 507,169,000 |
| Intangible Assets | ||||||
| Investments & Other | 831,573,000 | 800,155,000 | 857,691,000 | 631,407,000 | 570,086,000 | 469,596,000 |
| Debtors (Due After 1 year) | 91,246,000 | 83,278,000 | 65,935,000 | 54,580,000 | 46,044,000 | 37,573,000 |
| Total Fixed Assets | 922,819,000 | 883,433,000 | 923,626,000 | 685,987,000 | 616,130,000 | 507,169,000 |
| Stock & work in progress | ||||||
| Trade Debtors | ||||||
| Group Debtors | ||||||
| Misc Debtors | 5,667,000 | 9,459,000 | 5,549,000 | 3,981,000 | 3,702,000 | 4,264,000 |
| Cash | 38,884,000 | 15,366,000 | 34,483,000 | 21,106,000 | 36,440,000 | 26,946,000 |
| misc current assets | ||||||
| total current assets | 44,551,000 | 24,825,000 | 40,032,000 | 32,407,000 | 47,642,000 | 31,210,000 |
| total assets | 967,370,000 | 908,258,000 | 963,658,000 | 718,394,000 | 663,772,000 | 538,379,000 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 11,802,000 | |||||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 27,512,000 | 18,306,000 | 26,363,000 | 18,465,000 | 13,114,000 | |
| total current liabilities | 27,512,000 | 18,306,000 | 26,363,000 | 18,465,000 | 13,114,000 | 11,802,000 |
| loans | 481,344,000 | 454,102,000 | 462,766,000 | 255,808,000 | 300,270,000 | 214,254,000 |
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 9,893,000 | 8,093,000 | 7,145,000 | 6,840,000 | 6,410,000 | 6,361,000 |
| provisions | ||||||
| total long term liabilities | 250,565,000 | 235,144,000 | 238,528,000 | 134,744,000 | 156,545,000 | 113,488,000 |
| total liabilities | 278,077,000 | 253,450,000 | 264,891,000 | 153,209,000 | 169,659,000 | 125,290,000 |
| net assets | 689,293,000 | 654,808,000 | 698,767,000 | 565,185,000 | 494,113,000 | 413,089,000 |
| total shareholders funds | 689,293,000 | 654,808,000 | 698,767,000 | 565,185,000 | 494,113,000 | 413,089,000 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | -6,000 | 8,000 | 3,000 | |||
| Stock | ||||||
| Debtors | 4,176,000 | 21,253,000 | 12,923,000 | 8,815,000 | 7,909,000 | 41,837,000 |
| Creditors | -11,802,000 | 11,802,000 | ||||
| Accruals and Deferred Income | 9,206,000 | -8,057,000 | 7,898,000 | 5,351,000 | 13,114,000 | |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 31,418,000 | -57,536,000 | 226,284,000 | 61,321,000 | 100,490,000 | 469,596,000 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | 27,242,000 | -8,664,000 | 206,958,000 | -44,462,000 | 86,016,000 | 214,254,000 |
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | 1,800,000 | 948,000 | 305,000 | 430,000 | 49,000 | 6,361,000 |
| share issue | ||||||
| interest | -10,800,000 | -9,438,000 | -6,600,000 | -4,811,000 | -4,277,000 | -3,104,000 |
| cash flow from financing | 34,171,000 | -95,822,000 | 306,123,000 | 28,527,000 | 169,817,000 | 636,213,000 |
| cash and cash equivalents | ||||||
| cash | 23,518,000 | -19,117,000 | 13,377,000 | -15,334,000 | 9,494,000 | 26,946,000 |
| overdraft | ||||||
| change in cash | 23,518,000 | -19,117,000 | 13,377,000 | -15,334,000 | 9,494,000 | 26,946,000 |
target healthcare reit plc Credit Report and Business Information
Target Healthcare Reit Plc Competitor Analysis
Perform a competitor analysis for target healthcare reit plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2M area or any other competitors across 12 key performance metrics.
target healthcare reit plc Ownership
TARGET HEALTHCARE REIT PLC group structure
Target Healthcare Reit Plc has 12 subsidiary companies.
Ultimate parent company
TARGET HEALTHCARE REIT PLC
11990238
12 subsidiaries
target healthcare reit plc directors
Target Healthcare Reit Plc currently has 8 directors. The longest serving directors include Ms June Andrews (May 2019) and Mr Robert Naish (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms June Andrews | United Kingdom | 69 years | May 2019 | - | Director |
| Mr Robert Naish | Scotland | 72 years | May 2019 | - | Director |
| Ms Alison Buchan | United Kingdom | 63 years | May 2020 | - | Director |
| Ms Alison Buchan | United Kingdom | 63 years | May 2020 | - | Director |
| Mr James Niblett | United Kingdom | 67 years | Aug 2021 | - | Director |
| Dr Amanda Thompsell | United Kingdom | 65 years | Feb 2022 | - | Director |
| Mr Richard Cotton | England | 69 years | Nov 2022 | - | Director |
| Mr Michael Brodtman | 64 years | Jan 2023 | - | Director |
P&L
June 2024turnover
58.6m
+4%
operating profit
99.6m
0%
gross margin
82.8%
+5.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
689.3m
+0.05%
total assets
967.4m
+0.07%
cash
38.9m
+1.53%
net assets
Total assets minus all liabilities
target healthcare reit plc company details
company number
11990238
Type
Public limited with Share Capital
industry
64306 - Activities of real estate investment trusts
incorporation date
May 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
level 4, dashwood house, 69 old broad street, london, EC2M 1QS
Bank
-
Legal Advisor
-
target healthcare reit plc 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 target healthcare reit plc. Currently there are 8 open charges and 0 have been satisfied in the past.
target healthcare reit plc Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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target healthcare reit plc Companies House Filings - See Documents
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