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Company No. 02927338 · Incorporated 10 May 1994

Ohi Verulam Health Care Limited

Registered name: OHI VERULAM HEALTH CARE LIMITED

Part of Omega Healthcare Investors, Inc. group

Ohi Verulam Health Care Limited made £4m revenue and £28k profit in the year to 31 Mar 2024.

Ohi Verulam Health Care Limited’s revenue grew 10% to £4m in the year to 31 Mar 2024, with £28k profit and 104 employees. The company is classified under “other letting and operating of own or leased real estate” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68209Other letting and operating of own or leased real estate
Status
Active
Location
London, London
Age
32 yrs · since 1994
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.

Latest accounts · year to 31 Mar 2024

Key figures

Doing more with lessCash flow filed
Revenue
£4m
Growth ▲10.2%
Profit
£28k
Growth ▼90.5%
Profit margin
0.7%
Gross 96.5%
Employees
104
Change ▼0.9%
Profit / employee
£269
Revenue/employee £38.2k
Profitable streak
2yrs
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 to31 Mar 202331 Mar 2024
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£3.6m£4m
Cost of sales£113k£138k
Gross profit£3.5m£3.8m
Operating profit£479k£409k
Profit before tax£346k£203k
Profit after tax£296k£28k
Profit (best available)£296k£28k
Staff costs£2.4m£2.7m
Employees (average)105104
Ratios
Profit margin8.2%0.7%
Gross margin96.9%96.5%
Revenue per employee£34.4k£38.2k
Profit per employee£2.8k£269
Cash conversion116.4%201.9%
Growth (year on year)
Revenue growth—▲10.2%
Profit growth—▼90.5%
Headcount growth—▼0.9%
Balance sheet — indirect signals, not revenue
Cash at bank£506k£438k
Net assets£3.6m£3.4m
Fixed assets£7m£7m
Current assets£929k£608k
Debtors£125k£143k
Deferred income£216k£248k
Cash from operations£558k£826k
SourceAccounts · bulk data Jul 2024Accounts · bulk data Jul 2024
Derived from the latest filing

How the business works

Profit margin
0.7%
Profit ÷ revenue.
Gross margin
96.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£38.2k
Revenue ÷ average employees.
Profit per employee
£269
Profit ÷ average employees.
Cash conversion
201.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
175.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
6.2%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
3.6%
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
▼8%
Now £3.4m
Cash at bank
▼13%
Now £438k
Headcount
▼1%
Now 104
Deferred income
▲14%
Now £248k
Fixed assets
▼1%
Now £7m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Omega Healthcare Investors, Inc. (registered outside the UK register)ultimate parent75–100%
  2. Ohi UK Healthcare Properties Ltd75–100%
  3. Ohi Verulam Health Care Limitedthis company

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

Sister companies (15)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2024 (profit £28k), from the Companies House accounts bulk data published Jul 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.