How much does Prestige Nursing Limited make?

Prestige Nursing Limited reported revenue of £31.1m and a loss of £2.7m in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does Prestige Nursing Limited have?

Prestige Nursing Limited reported an average of 1,131 employees in the year to 31 Aug 2023.

Is Prestige Nursing Limited profitable?

No — Prestige Nursing Limited reported a loss of £2.7m in the year to 31 Aug 2023.

Company No. 01006953 · Incorporated 5 Apr 1971

Prestige Nursing Limited

Registered name: PRESTIGE NURSING LIMITED

Part of Elevate Care International Limited group

Prestige Nursing Limited made £31.1m revenue and a £2.7m loss in the year to 31 Aug 2023. read from filing text

Prestige Nursing Limited’s revenue fell 12% to £31.1m in the year to 31 Aug 2023, with a loss of £2.7m and 1,131 employees. The company is classified under “social work activities without accommodation for the elderly and disabled” and is based in Epsom; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 88100Social work activities without accommodation for the elderly and disabled

Status: Active
Location: Epsom, London
Age: 55 yrs · since 1971
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “At 31 August 2023, the parent company of Prestige Nursing Ltd is Sodexo Holdings Ltd, registered in England and Wales.”

Latest accounts · year to 31 Aug 2023

Key figures

Revenue

£31.1m

Growth ▼11.8%

Profit

−£2.7m

Growth —

Profit margin

−8.6%

Gross 23.9%

Employees

1,131

Change ▼17.9%

Profit / employee

−£2.4k

Revenue/employee £27.5k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£35.2m	£31.1m
Cost of sales	£26.6m	£23.6m
Gross profit	£8.7m	£7.4m
Operating profit	£910	−£2.7m
Profit before tax	−£173k	−£2.7m
Profit (best available)	−£173k	−£2.7m
Employees (average)	1,377	1,131
Ratios
Profit margin	−0.5%	−8.6%
Gross margin	24.6%	23.9%
Revenue per employee	£25.6k	£27.5k
Profit per employee	−£125	−£2.4k
Growth (year on year)
Revenue growth	—	▼11.8%
Headcount growth	—	▼17.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£9.1m	£5.9m
Net assets	£4m	£1.2m
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: −8.6%; Profit ÷ revenue.
Gross margin: 23.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £27.5k; Revenue ÷ average employees.
Profit per employee: −£2.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼69%; Now £1.2m
Cash at bank: ▼35%; Now £5.9m
Headcount: ▼18%; Now 1,131
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Elevate Care International Limitedultimate parent75–100%
Prestige Nursing Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Prestige Nursing (Scotland) LimitedRev. £7.8m · Profit £1.2m

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2023 (profit −£2.7m), from the Companies House accounts bulk data published Aug 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.