Novero Health Care Ltd
Registered name: NOVERO HEALTH CARE LTD
Novero Health Care Ltd made £70m revenue and £7.8m profit in the year to 31 Mar 2024.
Novero Health Care Ltd’s revenue grew 13% to £70m in the year to 31 Mar 2024, with £7.8m profit. The company is classified under “other human health activities” and is based in Wolverhampton; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Wolverhampton
- Age
- 42 yrs · since 1984
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £54.9m | £62m | £70m |
| Cost of sales | −£35.6m | −£40.9m | −£44.1m |
| Gross profit | £19.3m | £21.1m | £26m |
| Operating profit | £12.4m | £11.2m | £12.5m |
| Profit before tax | £11.8m | £8.9m | £10m |
| Profit after tax | £9.6m | £6.9m | £7.8m |
| Profit (best available) | £9.6m | £6.9m | £7.8m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 17.6% | 11.1% | 11.1% |
| Gross margin | 35.1% | 34% | 37.1% |
| Growth (year on year) | |||
| Revenue growth | — | ▲13% | ▲13% |
| Profit growth | — | ▼28.9% | ▲13.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 | Accounts · bulk data Apr 2025 |
How the business works
- Profit margin
- 11.1%
- Profit ÷ revenue.
- Gross margin
- 37.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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.
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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (14)
- Aspen Leisure LimitedFigures not disclosed
- Baschurch Care LimitedFigures not disclosed
- DRB Healthcare LimitedFigures not disclosed
- Hilcote Hall LimitedFigures not disclosed
- Holbeche Care LtdFigures not disclosed
- Holbeche House (Kingswinford) LtdFigures not disclosed
- Mill Bay Holdings LtdFigures not disclosed
- Riverlea Care LimitedFigures not disclosed
- Select Financial Investments LimitedFigures not disclosed
- Select Health Care (Developments) LimitedFigures not disclosed
- Select Health Care Group LtdFigures not disclosed
- Select Health Care Services LimitedFigures not disclosed
- The Mews Care LimitedFigures not disclosed
- Woodcote Hall LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2024 (profit £7.8m), from the Companies House accounts bulk data published Apr 2025. 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.