solace care 7kings ltd
solace care 7kings ltd Company Information
Company Number
12459993
Next Accounts
Nov 2025
Shareholders
solace care group ltd
javed ghafoor
Group Structure
View All
Industry
Residential care activities for learning disabilities, mental health and substance abuse
+1Registered Address
unit 2a 420 eastern avenue, ilford, essex, IG2 6NQ
Website
-solace care 7kings ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLACE CARE 7KINGS LTD at £231.2k based on a Turnover of £362.4k and 0.64x industry multiple (adjusted for size and gross margin).
solace care 7kings ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLACE CARE 7KINGS LTD at £101.6k based on an EBITDA of £19.8k and a 5.14x industry multiple (adjusted for size and gross margin).
solace care 7kings ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLACE CARE 7KINGS LTD at £301.7k based on Net Assets of £99.3k and 3.04x industry multiple (adjusted for liquidity).
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Solace Care 7kings Ltd Overview
Solace Care 7kings Ltd is a live company located in essex, IG2 6NQ with a Companies House number of 12459993. It operates in the residential care activities for mental difficulties, mental health and substance abuse sector, SIC Code 87200. Founded in February 2020, it's largest shareholder is solace care group ltd with a 98% stake. Solace Care 7kings Ltd is a young, micro sized company, Pomanda has estimated its turnover at £362.4k with declining growth in recent years.
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Solace Care 7kings Ltd Health Check
Pomanda's financial health check has awarded Solace Care 7Kings Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
5 Regular
5 Weak
Size
annual sales of £362.4k, make it smaller than the average company (£2.7m)
- Solace Care 7kings Ltd
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (6.4%)
- Solace Care 7kings Ltd
6.4% - Industry AVG
Production
with a gross margin of 36%, this company has a comparable cost of product (36%)
- Solace Care 7kings Ltd
36% - Industry AVG
Profitability
an operating margin of 2.8% make it less profitable than the average company (6.7%)
- Solace Care 7kings Ltd
6.7% - Industry AVG
Employees
with 9 employees, this is below the industry average (61)
9 - Solace Care 7kings Ltd
61 - Industry AVG
Pay Structure
on an average salary of £25.9k, the company has an equivalent pay structure (£25.9k)
- Solace Care 7kings Ltd
£25.9k - Industry AVG
Efficiency
resulting in sales per employee of £40.3k, this is equally as efficient (£43.2k)
- Solace Care 7kings Ltd
£43.2k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is near the average (21 days)
- Solace Care 7kings Ltd
21 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is close to average (9 days)
- Solace Care 7kings Ltd
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Solace Care 7kings Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (52 weeks)
8 weeks - Solace Care 7kings Ltd
52 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.9%, this is a lower level of debt than the average (37%)
31.9% - Solace Care 7kings Ltd
37% - Industry AVG
SOLACE CARE 7KINGS LTD financials
Solace Care 7Kings Ltd's latest turnover from February 2024 is estimated at £362.4 thousand and the company has net assets of £99.3 thousand. According to their latest financial statements, Solace Care 7Kings Ltd has 9 employees and maintains cash reserves of £4.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|---|
| 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 | 9 | 12 | 13 | 13 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|---|
| Tangible Assets | 21,471 | 18,789 | 16,120 | 19,613 |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 21,471 | 18,789 | 16,120 | 19,613 |
| Stock & work in progress | ||||
| Trade Debtors | 25,637 | 18,706 | 76,029 | 76,189 |
| Group Debtors | 94,434 | |||
| Misc Debtors | 100 | |||
| Cash | 4,412 | 114,770 | 178,875 | 71,423 |
| misc current assets | ||||
| total current assets | 124,483 | 133,476 | 254,904 | 147,712 |
| total assets | 145,954 | 152,265 | 271,024 | 167,325 |
| Bank overdraft | 10,648 | 10,648 | ||
| Bank loan | 10,648 | |||
| Trade Creditors | 5,634 | 7,653 | 82,997 | 2,628 |
| Group/Directors Accounts | 421 | 468 | 35,458 | 46,700 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 10,648 | 12,065 | 41,322 | 76,340 |
| total current liabilities | 27,351 | 30,834 | 170,425 | 125,668 |
| loans | 19,274 | 29,042 | 38,568 | 50,000 |
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | 19,274 | 29,042 | 38,568 | 50,000 |
| total liabilities | 46,625 | 59,876 | 208,993 | 175,668 |
| net assets | 99,329 | 92,389 | 62,031 | -8,343 |
| total shareholders funds | 99,329 | 92,389 | 62,031 | -8,343 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 9,717 | 7,238 | 4,527 | |
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | 101,365 | -57,323 | -260 | 76,289 |
| Creditors | -2,019 | -75,344 | 80,369 | 2,628 |
| Accruals and Deferred Income | -1,417 | -29,257 | -35,018 | 76,340 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | -10,648 | 10,648 | ||
| Group/Directors Accounts | -47 | -34,990 | -11,242 | 46,700 |
| Other Short Term Loans | ||||
| Long term loans | -9,768 | -9,526 | -11,432 | 50,000 |
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -110,358 | -64,105 | 107,452 | 71,423 |
| overdraft | 10,648 | |||
| change in cash | -110,358 | -74,753 | 107,452 | 71,423 |
solace care 7kings ltd Credit Report and Business Information
Solace Care 7kings Ltd Competitor Analysis
Perform a competitor analysis for solace care 7kings ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in IG2 area or any other competitors across 12 key performance metrics.
solace care 7kings ltd Ownership
SOLACE CARE 7KINGS LTD group structure
Solace Care 7Kings Ltd has no subsidiary companies.
solace care 7kings ltd directors
Solace Care 7Kings Ltd currently has 4 directors. The longest serving directors include Mr Umer Ahmed (May 2020) and Mr Zahid Choudhry (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Umer Ahmed | England | 50 years | May 2020 | - | Director |
| Mr Zahid Choudhry | England | 52 years | Dec 2021 | - | Director |
| Mr Zahid Choudhry | England | 52 years | Dec 2021 | - | Director |
| Mr Javed Ghafoor | England | 51 years | Aug 2022 | - | Director |
P&L
February 2024turnover
362.4k
-4%
operating profit
10k
0%
gross margin
36.1%
-4.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
99.3k
+0.08%
total assets
146k
-0.04%
cash
4.4k
-0.96%
net assets
Total assets minus all liabilities
Similar Companies
solace care 7kings ltd company details
company number
12459993
Type
Private limited with Share Capital
industry
87200 - Residential care activities for learning disabilities, mental health and substance abuse
87900 - Other residential care activities
incorporation date
February 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
HYBRID ACCOUNTANCY LIMITED
auditor
-
address
unit 2a 420 eastern avenue, ilford, essex, IG2 6NQ
Bank
-
Legal Advisor
-
solace care 7kings 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 solace care 7kings ltd.
solace care 7kings ltd 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.
Click to start generating capital raising & share issue transactions for SOLACE CARE 7KINGS LTD. This can take several minutes, an email will notify you when this has completed.
solace care 7kings ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
