How much does Healthcare Ireland (NO.2) Limited make?

Healthcare Ireland (NO.2) Limited reported revenue of £17m and £524k profit in the year to 30 Apr 2023, according to its accounts filed at Companies House.

How many employees does Healthcare Ireland (NO.2) Limited have?

Healthcare Ireland (NO.2) Limited reported an average of 505 employees in the year to 30 Apr 2023.

Is Healthcare Ireland (NO.2) Limited profitable?

Yes — Healthcare Ireland (NO.2) Limited reported a profit of £524k in the year to 30 Apr 2023.

Company No. NI667926 · Incorporated 24 Feb 2020

Healthcare Ireland (NO.2) Limited

Registered name: HEALTHCARE IRELAND (NO.2) LIMITED

Healthcare Ireland (NO.2) Limited made £17m revenue and £524k profit in the year to 30 Apr 2023.

Healthcare Ireland (NO.2) Limited’s revenue grew 7% to £17m in the year to 30 Apr 2023, with £524k profit and 505 employees. The company is classified under “residential nursing care facilities” and is based in Holywood; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 87100Residential nursing care facilities SIC 87300Residential care activities for the elderly and disabled

Status: Active
Location: Holywood, Northern Ireland
Age: 6 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 30 Apr 2023

Key figures

IndependentCapital-lightYoung and profitableDoing more with lessCash flow filed

Revenue

£17m

Growth ▲7.5%

Profit

£524k

Growth ▼60.5%

Profit margin

3.1%

Gross 27.1%

Employees

505

Change ▼10.9%

Profit / employee

£1k

Revenue/employee £33.6k

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 to	30 Apr 2022	30 Apr 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£15.8m	£17m
Cost of sales	£11.1m	£12.4m
Gross profit	£4.6m	£4.6m
Operating profit	£1.6m	£655k
Profit before tax	£1.6m	£651k
Profit after tax	£1.3m	£524k
Profit (best available)	£1.3m	£524k
Staff costs	£8.9m	£9.2m
Employees (average)	567	505
Ratios
Profit margin	8.4%	3.1%
Gross margin	29.4%	27.1%
Revenue per employee	£27.9k	£33.6k
Profit per employee	£2.3k	£1k
Cash conversion	−20.8%	−76.1%
Growth (year on year)
Revenue growth	—	▲7.5%
Profit growth	—	▼60.5%
Headcount growth	—	▼10.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.9m	£1.6m
Net assets	£2.3m	£2.5m
Fixed assets	£63k	£291k
Current assets	£4.8m	£5.7m
Debtors	£339k	£314k
Deferred income	£635k	£640k
Cash from operations	−£340k	−£498k
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: 3.1%; Profit ÷ revenue.
Gross margin: 27.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £33.6k; Revenue ÷ average employees.
Profit per employee: £1k; Profit ÷ average employees.
Cash conversion: −76.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.8%; 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 £2.5m
Cash at bank: ▼15%; Now £1.6m
Headcount: ▼11%; Now 505
Deferred income: ▲1%; Now £640k
Fixed assets: ▲362%; Now £291k

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Apr 2023 (profit £524k), from the Companies House accounts bulk data published Apr 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.