ultimate independence care ltd
ultimate independence care ltd Company Information
Group Structure
View All
Industry
Residential care activities for learning disabilities, mental health and substance abuse
Registered Address
suite 123, corinium house, corinium avenue, gloucester, GL4 3HX
Website
-ultimate independence care ltd Estimated Valuation
Pomanda estimates the enterprise value of ULTIMATE INDEPENDENCE CARE LTD at £231.1k based on a Turnover of £295.5k and 0.78x industry multiple (adjusted for size and gross margin).
ultimate independence care ltd Estimated Valuation
Pomanda estimates the enterprise value of ULTIMATE INDEPENDENCE CARE LTD at £0 based on an EBITDA of £-9.6k and a 4.88x industry multiple (adjusted for size and gross margin).
ultimate independence care ltd Estimated Valuation
Pomanda estimates the enterprise value of ULTIMATE INDEPENDENCE CARE LTD at £0 based on Net Assets of £-36k and 3.39x industry multiple (adjusted for liquidity).
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Ultimate Independence Care Ltd Overview
Ultimate Independence Care Ltd is a live company located in gloucester, GL4 3HX with a Companies House number of 13021846. It operates in the residential care activities for mental difficulties, mental health and substance abuse sector, SIC Code 87200. Founded in November 2020, it's largest shareholder is chimaobi onuoha with a 100% stake. Ultimate Independence Care Ltd is a young, micro sized company, Pomanda has estimated its turnover at £295.5k with unknown growth in recent years.
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Ultimate Independence Care Ltd Health Check
Pomanda's financial health check has awarded Ultimate Independence Care Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £295.5k, make it smaller than the average company (£2.5m)
- Ultimate Independence Care Ltd
£2.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ultimate Independence Care Ltd
- - Industry AVG
Production
with a gross margin of 34.3%, this company has a comparable cost of product (34.3%)
- Ultimate Independence Care Ltd
34.3% - Industry AVG
Profitability
an operating margin of -4.8% make it less profitable than the average company (6.3%)
- Ultimate Independence Care Ltd
6.3% - Industry AVG
Employees
with 11 employees, this is below the industry average (61)
11 - Ultimate Independence Care Ltd
61 - Industry AVG
Pay Structure
on an average salary of £24.8k, the company has an equivalent pay structure (£24.8k)
- Ultimate Independence Care Ltd
£24.8k - Industry AVG
Efficiency
resulting in sales per employee of £26.9k, this is less efficient (£40.4k)
- Ultimate Independence Care Ltd
£40.4k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (20 days)
- Ultimate Independence Care Ltd
20 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (9 days)
- Ultimate Independence Care Ltd
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ultimate Independence Care Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is less cash available to meet short term requirements (46 weeks)
24 weeks - Ultimate Independence Care Ltd
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 232.4%, this is a higher level of debt than the average (40%)
232.4% - Ultimate Independence Care Ltd
40% - Industry AVG
ULTIMATE INDEPENDENCE CARE LTD financials
Ultimate Independence Care Ltd's latest turnover from November 2023 is estimated at £295.5 thousand and the company has net assets of -£36 thousand. According to their latest financial statements, Ultimate Independence Care Ltd has 11 employees and maintains cash reserves of £2.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 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 | 11 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|
| Tangible Assets | 14,696 | 8,096 | |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 14,696 | 8,096 | |
| Stock & work in progress | |||
| Trade Debtors | 8,507 | 226 | |
| Group Debtors | |||
| Misc Debtors | 1,670 | ||
| Cash | 2,324 | 2,234 | |
| misc current assets | |||
| total current assets | 12,501 | 2,460 | |
| total assets | 27,197 | 10,556 | |
| Bank overdraft | 1,810 | 1,826 | |
| Bank loan | |||
| Trade Creditors | 2,835 | 7,293 | |
| Group/Directors Accounts | 12,453 | ||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 305 | 1,196 | |
| total current liabilities | 4,950 | 10,315 | 12,453 |
| loans | 58,242 | 16,917 | |
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | 804 | ||
| total long term liabilities | 58,242 | 17,721 | |
| total liabilities | 63,192 | 28,036 | 12,453 |
| net assets | -35,995 | -17,480 | -12,453 |
| total shareholders funds | -35,995 | -17,480 | -12,453 |
| Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 4,599 | 899 | |
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | 9,951 | 226 | |
| Creditors | -4,458 | 7,293 | |
| Accruals and Deferred Income | -891 | 1,196 | |
| Deferred Taxes & Provisions | -804 | 804 | |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | -12,453 | 12,453 | |
| Other Short Term Loans | |||
| Long term loans | 41,325 | 16,917 | |
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 90 | 2,234 | |
| overdraft | -16 | 1,826 | |
| change in cash | 106 | 408 |
ultimate independence care ltd Credit Report and Business Information
Ultimate Independence Care Ltd Competitor Analysis
Perform a competitor analysis for ultimate independence care ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in GL4 area or any other competitors across 12 key performance metrics.
ultimate independence care ltd Ownership
ULTIMATE INDEPENDENCE CARE LTD group structure
Ultimate Independence Care Ltd has no subsidiary companies.
Ultimate parent company
ULTIMATE INDEPENDENCE CARE LTD
13021846
ultimate independence care ltd directors
Ultimate Independence Care Ltd currently has 1 director, Mr Chimaobi Onuoha serving since Nov 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Chimaobi Onuoha | England | 42 years | Nov 2020 | - | Director |
P&L
November 2023turnover
295.5k
+541%
operating profit
-14.2k
0%
gross margin
34.4%
-1.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-36k
+1.06%
total assets
27.2k
+1.58%
cash
2.3k
+0.04%
net assets
Total assets minus all liabilities
Similar Companies
ultimate independence care ltd company details
company number
13021846
Type
Private limited with Share Capital
industry
87200 - Residential care activities for learning disabilities, mental health and substance abuse
incorporation date
November 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
suite 123, corinium house, corinium avenue, gloucester, GL4 3HX
Bank
-
Legal Advisor
-
ultimate independence care 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 ultimate independence care ltd.
ultimate independence care 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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ultimate independence care ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
