REED CARE HOMES LIMITED Financials
- Company number
- 06551402CopyCopy
- Registered office
- 117a Millers Cottage Bromley Road, Colchester, Essex CO4 3JG
- Incorporated
- 01/04/2008
Company snapshot
- Status
- Liquidation
- Employees
- 40 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
19.80%vs 20222022: £22.71K
Total Assets
196.67%vs 20222022: £53.09K
Cash in Bank
467.59%vs 20222022: £17.69K
Total Liabilities
328.86%vs 20222022: £30.39K
Employees
+11vs 20222022: 29
In 2023, REED CARE HOMES LIMITED reported net assets of £27.21K. The same filing shows total assets of £157.51K, cash in bank of £100.43K and total liabilities of £130.31K. Reported headcount was 40 in 2023. Total Assets rose from £53.09K in 2022 to £157.51K in 2023 (196.67%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
19.80%from £22.71K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures REED CARE HOMES LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-42.9%vs 2021-24.4% a year compound (CAGR)
Cash in Bank
+83.5%vs 2021+35.5% a year compound (CAGR)
Total Assets
+53.1%vs 2021+23.7% a year compound (CAGR)
Total Liabilities
+136%vs 2021+53.6% a year compound (CAGR)
Employees
-11.1%vs 2021-5Biggest increase
Total Liabilities+136%
£55.26K in 2021 to £130.31K in 2023
Biggest decrease
Net Assets-42.9%
£47.61K in 2021 to £27.21K in 2023
REED CARE HOMES LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from REED CARE HOMES LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 17.27%2023
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 82.73%2023
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 77.07%2023
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 63.76%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for REED CARE HOMES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 47.61K | 22.71K | 27.21K |
| Total Assets£ | 102.86K | 53.09K | 157.51K |
| Cash in Bank£ | 54.73K | 17.69K | 100.43K |
| Total Liabilities£ | 55.26K | 30.39K | 130.31K |
| Employees | 45 | 29 | 40 |
REED CARE HOMES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for REED CARE HOMES LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
REED CARE HOMES LIMITED reported net assets of £27.21K for 2023. That compares with £22.71K in 2022, a change of 19.80%.
REED CARE HOMES LIMITED reported total assets of £157.51K for 2023. That compares with £53.09K in 2022, a change of 196.67%.
REED CARE HOMES LIMITED reported cash in bank of £100.43K for 2023. That compares with £17.69K in 2022, a change of 467.59%.
REED CARE HOMES LIMITED reported 40 employees in 2023, compared with 29 in 2022.
Between 2021 and 2023, REED CARE HOMES LIMITED's net assets fell by 42.9%, cash in bank rose by 83.5%, total assets rose by 53.1% and total liabilities rose by 136%. Net assets contracted at 24.4% a year across the two years to 2023, from £47.61K to £27.21K. Reported headcount went from 45 in 2021 to 40 in 2023 (-5).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.