solace care 7kings ltd

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solace care 7kings ltd Company Information

Share SOLACE CARE 7KINGS LTD

Company Number

12459993

Directors

Umer Ahmed

Zahid Choudhry

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Shareholders

solace care group ltd

javed ghafoor

Group Structure

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Industry

Residential care activities for learning disabilities, mental health and substance abuse

 +1

Registered Address

unit 2a 420 eastern avenue, ilford, essex, IG2 6NQ

Website

-

solace care 7kings ltd Estimated Valuation

£231.2k

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

£101.6k

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

£301.7k

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

Health Check Image
Health Rating3out of 5
positive_score

1 Strong

positive_score

5 Regular

positive_score

5 Weak

size

Size

annual sales of £362.4k, make it smaller than the average company (£2.7m)

£362.4k - Solace Care 7kings Ltd

£2.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (6.4%)

-18% - Solace Care 7kings Ltd

6.4% - Industry AVG

production

Production

with a gross margin of 36%, this company has a comparable cost of product (36%)

36% - Solace Care 7kings Ltd

36% - Industry AVG

profitability

Profitability

an operating margin of 2.8% make it less profitable than the average company (6.7%)

2.8% - Solace Care 7kings Ltd

6.7% - Industry AVG

employees

Employees

with 9 employees, this is below the industry average (61)

9 - Solace Care 7kings Ltd

61 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.9k, the company has an equivalent pay structure (£25.9k)

£25.9k - Solace Care 7kings Ltd

£25.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £40.3k, this is equally as efficient (£43.2k)

£40.3k - Solace Care 7kings Ltd

£43.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 25 days, this is near the average (21 days)

25 days - Solace Care 7kings Ltd

21 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 8 days, this is close to average (9 days)

8 days - Solace Care 7kings Ltd

9 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Solace Care 7kings Ltd

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021
Turnover362,393376,8371,007,036662,699
Other Income Or Grants
Cost Of Sales231,895234,651644,337423,174
Gross Profit130,499142,186362,699239,525
Admin Expenses120,459106,135273,219246,479
Operating Profit10,04036,05189,480-6,954
Interest Payable3,9164,4453,2251,525
Interest Receivable3,1295,87362636
Pre-Tax Profit9,25337,47986,881-8,443
Tax-2,313-7,121-16,507
Profit After Tax6,94030,35870,374-8,443
Dividends Paid
Retained Profit6,94030,35870,374-8,443
Employee Costs232,944289,104295,973284,521
Number Of Employees9121313
EBITDA*19,75743,28994,007-6,954

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021
Tangible Assets21,47118,78916,12019,613
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets21,47118,78916,12019,613
Stock & work in progress
Trade Debtors25,63718,70676,02976,189
Group Debtors94,434
Misc Debtors100
Cash4,412114,770178,87571,423
misc current assets
total current assets124,483133,476254,904147,712
total assets145,954152,265271,024167,325
Bank overdraft10,64810,648
Bank loan10,648
Trade Creditors 5,6347,65382,9972,628
Group/Directors Accounts42146835,45846,700
other short term finances
hp & lease commitments
other current liabilities10,64812,06541,32276,340
total current liabilities27,35130,834170,425125,668
loans19,27429,04238,56850,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities19,27429,04238,56850,000
total liabilities46,62559,876208,993175,668
net assets99,32992,38962,031-8,343
total shareholders funds99,32992,38962,031-8,343
Feb 2024Feb 2023Feb 2022Feb 2021
Operating Activities
Operating Profit10,04036,05189,480-6,954
Depreciation9,7177,2384,527
Amortisation
Tax-2,313-7,121-16,507
Stock
Debtors101,365-57,323-26076,289
Creditors-2,019-75,34480,3692,628
Accruals and Deferred Income-1,417-29,257-35,01876,340
Deferred Taxes & Provisions
Cash flow from operations-87,357-11,110123,111-4,275
Investing Activities
capital expenditure-12,399-9,907-1,034-19,613
Change in Investments
cash flow from investments-12,399-9,907-1,034-19,613
Financing Activities
Bank loans-10,64810,648
Group/Directors Accounts-47-34,990-11,24246,700
Other Short Term Loans
Long term loans-9,768-9,526-11,43250,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue100
interest-7871,428-2,599-1,489
cash flow from financing-10,602-53,736-14,62595,311
cash and cash equivalents
cash-110,358-64,105107,45271,423
overdraft10,648
change in cash-110,358-74,753107,45271,423

solace care 7kings 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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Solace Care 7kings Ltd Competitor Analysis

competitor_analysis_table_img

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.

Ultimate parent company

1 parent

SOLACE CARE 7KINGS LTD

12459993

SOLACE CARE 7KINGS LTD Shareholders

solace care group ltd 98%
javed ghafoor 2%

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).

officercountryagestartendrole
Mr Umer AhmedEngland50 years May 2020- Director
Mr Zahid ChoudhryEngland52 years Dec 2021- Director
Mr Zahid ChoudhryEngland52 years Dec 2021- Director
Mr Javed GhafoorEngland51 years Aug 2022- Director

P&L

February 2024

turnover

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 2024

net assets

99.3k

+0.08%

total assets

146k

-0.04%

cash

4.4k

-0.96%

net assets

Total assets minus all liabilities

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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.

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solace care 7kings ltd Companies House Filings - See Documents

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