healthcare homes (spring) limited
healthcare homes (spring) limited Company Information
Company Number
12470212
Website
healthcarehomes.co.ukRegistered Address
the beeches, apex 12, old ipswich road, colchester, essex, CO7 7QR
Industry
Residential nursing care activities
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
healthcare homes (2020) limited 100%
healthcare homes (spring) limited Estimated Valuation
Pomanda estimates the enterprise value of HEALTHCARE HOMES (SPRING) LIMITED at £14.5m based on a Turnover of £14.3m and 1.02x industry multiple (adjusted for size and gross margin).
healthcare homes (spring) limited Estimated Valuation
Pomanda estimates the enterprise value of HEALTHCARE HOMES (SPRING) LIMITED at £0 based on an EBITDA of £-33.2k and a 6.36x industry multiple (adjusted for size and gross margin).
healthcare homes (spring) limited Estimated Valuation
Pomanda estimates the enterprise value of HEALTHCARE HOMES (SPRING) LIMITED at £2.3m based on Net Assets of £860.7k and 2.73x industry multiple (adjusted for liquidity).
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Healthcare Homes (spring) Limited Overview
Healthcare Homes (spring) Limited is a live company located in colchester, CO7 7QR with a Companies House number of 12470212. It operates in the residential nursing care facilities sector, SIC Code 87100. Founded in February 2020, it's largest shareholder is healthcare homes (2020) limited with a 100% stake. Healthcare Homes (spring) Limited is a startup, mid sized company, Pomanda has estimated its turnover at £14.3m with rapid growth in recent years.
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Healthcare Homes (spring) Limited Health Check
Pomanda's financial health check has awarded Healthcare Homes (Spring) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £14.3m, make it larger than the average company (£4.6m)
£14.3m - Healthcare Homes (spring) Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 77%, show it is growing at a faster rate (6.2%)
77% - Healthcare Homes (spring) Limited
6.2% - Industry AVG
Production
with a gross margin of 30%, this company has a comparable cost of product (35.6%)
30% - Healthcare Homes (spring) Limited
35.6% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (13.5%)
-1.5% - Healthcare Homes (spring) Limited
13.5% - Industry AVG
Employees
with 359 employees, this is above the industry average (114)
359 - Healthcare Homes (spring) Limited
114 - Industry AVG
Pay Structure
on an average salary of £22.8k, the company has an equivalent pay structure (£22.7k)
£22.8k - Healthcare Homes (spring) Limited
£22.7k - Industry AVG
Efficiency
resulting in sales per employee of £39.8k, this is equally as efficient (£41.1k)
£39.8k - Healthcare Homes (spring) Limited
£41.1k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (19 days)
13 days - Healthcare Homes (spring) Limited
19 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is slower than average (18 days)
23 days - Healthcare Homes (spring) Limited
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Healthcare Homes (spring) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (9 weeks)
26 weeks - Healthcare Homes (spring) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.1%, this is a higher level of debt than the average (56%)
77.1% - Healthcare Homes (spring) Limited
56% - Industry AVG
HEALTHCARE HOMES (SPRING) LIMITED financials
Healthcare Homes (Spring) Limited's latest turnover from September 2023 is £14.3 million and the company has net assets of £860.7 thousand. According to their latest financial statements, Healthcare Homes (Spring) Limited has 359 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|---|
| Turnover | 14,282,318 | 14,139,107 | 12,409,684 | 2,556,705 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 9,995,807 | 9,820,299 | 8,843,415 | 1,433,110 |
| Gross Profit | 4,286,511 | 4,318,808 | 3,566,269 | 1,123,595 |
| Admin Expenses | 4,496,652 | 4,060,404 | 3,179,560 | 452,315 |
| Operating Profit | -210,141 | 258,404 | 386,709 | 671,280 |
| Interest Payable | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -210,141 | 258,404 | 386,709 | 671,280 |
| Tax | 57,012 | -76,272 | -97,189 | -129,209 |
| Profit After Tax | -153,129 | 182,132 | 289,520 | 542,071 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -153,129 | 182,132 | 289,520 | 542,071 |
| Employee Costs | 8,168,449 | 6,910,323 | 7,831,686 | |
| Number Of Employees | 359 | 310 | 365 | 98 |
| EBITDA* | -33,153 | 394,380 | 460,680 | 676,896 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|---|
| Tangible Assets | 716,144 | 642,528 | 435,636 | 231,123 |
| Intangible Assets | 46,267 | 52,877 | 59,487 | 66,097 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 762,411 | 695,405 | 495,123 | 297,220 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 511,645 | 1,095,534 | 717,362 | 499,606 |
| Group Debtors | 793,235 | 810,776 | 44,529 | 76,756 |
| Misc Debtors | 292,121 | 199,846 | 199,277 | 1,578,690 |
| Cash | 1,404,318 | 883,981 | 2,155,802 | 1,722,654 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 3,001,319 | 2,990,137 | 3,116,970 | 3,877,706 |
| total assets | 3,763,730 | 3,685,542 | 3,612,093 | 4,174,926 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 646,281 | 1,105,418 | 830,465 | 816,006 |
| Group/Directors Accounts | 696,015 | 117,135 | 357,275 | 1,627,188 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 1,453,371 | 1,336,140 | 1,524,493 | 1,170,701 |
| total current liabilities | 2,795,667 | 2,558,693 | 2,712,233 | 3,613,895 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 107,369 | 113,026 | 68,169 | 18,860 |
| total long term liabilities | 107,369 | 113,026 | 68,169 | 18,860 |
| total liabilities | 2,903,036 | 2,671,719 | 2,780,402 | 3,632,755 |
| net assets | 860,694 | 1,013,823 | 831,691 | 542,171 |
| total shareholders funds | 860,694 | 1,013,823 | 831,691 | 542,171 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -210,141 | 258,404 | 386,709 | 671,280 |
| Depreciation | 170,378 | 129,366 | 67,361 | 5,616 |
| Amortisation | 6,610 | 6,610 | 6,610 | 0 |
| Tax | 57,012 | -76,272 | -97,189 | -129,209 |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -509,155 | 1,144,988 | -1,193,884 | 2,155,052 |
| Creditors | -459,137 | 274,953 | 14,459 | 816,006 |
| Accruals and Deferred Income | 117,231 | -188,353 | 353,792 | 1,170,701 |
| Deferred Taxes & Provisions | -5,657 | 44,857 | 49,309 | 18,860 |
| Cash flow from operations | 185,451 | -695,423 | 1,974,935 | 398,202 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 578,880 | -240,140 | -1,269,913 | 1,627,188 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | 0 | 0 | 0 | 0 |
| cash flow from financing | 578,880 | -240,140 | -1,269,913 | 1,627,288 |
| cash and cash equivalents | ||||
| cash | 520,337 | -1,271,821 | 433,148 | 1,722,654 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 520,337 | -1,271,821 | 433,148 | 1,722,654 |
healthcare homes (spring) limited Credit Report and Business Information
Healthcare Homes (spring) Limited Competitor Analysis
Perform a competitor analysis for healthcare homes (spring) limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in CO7 area or any other competitors across 12 key performance metrics.
healthcare homes (spring) limited Ownership
HEALTHCARE HOMES (SPRING) LIMITED group structure
Healthcare Homes (Spring) Limited has no subsidiary companies.
Ultimate parent company
HEALTHCARE HOMES (SPRING) LIMITED
12470212
healthcare homes (spring) limited directors
Healthcare Homes (Spring) Limited currently has 3 directors. The longest serving directors include Mr Mathew King (Feb 2020) and Mrs Helen Gidlow (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mathew King | United Kingdom | 40 years | Feb 2020 | - | Director |
| Mrs Helen Gidlow | United Kingdom | 57 years | Feb 2020 | - | Director |
| Mr Gordon Cochrane | 62 years | Feb 2020 | - | Director |
P&L
September 2023turnover
14.3m
+1%
operating profit
-210.1k
-181%
gross margin
30.1%
-1.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
860.7k
-0.15%
total assets
3.8m
+0.02%
cash
1.4m
+0.59%
net assets
Total assets minus all liabilities
Similar Companies
healthcare homes (spring) limited company details
company number
12470212
Type
Private limited with Share Capital
industry
87100 - Residential nursing care activities
incorporation date
February 2020
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
the beeches, apex 12, old ipswich road, colchester, essex, CO7 7QR
Bank
-
Legal Advisor
-
healthcare homes (spring) 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 6 charges/mortgages relating to healthcare homes (spring) limited. Currently there are 6 open charges and 0 have been satisfied in the past.
healthcare homes (spring) limited Companies House Filings - See Documents
| date | description | view/download |
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