EASTGATE CARE LTD
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Cash
£46k
highest in 6 filed years
Net assets
-£541k
lowest in 6 filed years
Employees
53
lowest in 6 filed years
Profit before tax
-£1m
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Accounts not prepared on a going-concern basis
The company ceased its trading activities in February 2024 with the sale of all the care homes. Accordingly, the directors have considered the ongoing status of the company and prepared these accounts on a basis other than that of going concern. This is detailed further in the accounting policy in Note 1.
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
6-year trend · vs Health Care median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £6,401,573 | £5,448,542 | £6,063,308 | £6,575,869 | £7,012,713 | £3,021,743 | — | |
| Operating profit | -£852,099 | -£1,346,507 | £574,984 | £1,194,270 | -£202,324 | -£523,736 | — | |
| Profit before tax | -£1,231,434 | -£1,609,793 | £335,140 | £1,025,714 | -£486,120 | -£1,004,366 | — | |
| Net profit | -£1,194,482 | -£1,312,656 | £243,885 | £626,499 | -£131,403 | -£1,313,388 | — | |
| Cash | £8,844 | £525 | £24 | £76 | £247 | £46,148 | — | |
| Total assets less current liabilities | £10,909,233 | £1,087,147 | £1,395,606 | £2,250,481 | £1,045,529 | -£541,313 | — | |
| Net assets | £1,712,246 | £488,811 | £836,357 | £1,538,202 | £772,075 | -£541,313 | — | |
| Equity | £1,712,246 | £488,811 | £836,357 | £1,538,202 | £772,075 | -£541,313 | — | |
| Average employees | 304 | 244 | 224 | 186 | 196 | 53 | — | |
| Wages | £4,091,470 | £3,942,462 | £3,267,024 | £3,758,749 | £4,157,079 | £1,908,198 | — | |
| Directors' remuneration | £8,424 | £8,424 | £8,632 | £8,970 | £9,096 | £13,644 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 18 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | -13.3% | -24.7% | 9.5% | 18.2% | -2.9% | -17.3% | |
| Net margin | -18.7% | -24.1% | 4.0% | 9.5% | -1.9% | -43.5% | |
| Return on capital employed | -7.8% | -123.9% | 41.2% | 53.1% | -19.4% | — | |
| Gearing (liabilities / total assets) | 89.5% | 96.9% | 93.6% | 88.4% | 93.8% | 115.1% | |
| Current ratio | — | — | — | 0.10x | 0.13x | 0.87x | |
| Interest cover | -2.21x | -4.98x | 2.32x | 6.65x | -0.68x | -0.95x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- EASTGATE CARE LTD 2013-09-19 → present
- EASTGATE LIMITED 1988-01-19 → 2013-09-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Xeinadin Audit Limited t/a Xeinadin Audit
- Audit opinion
- Disclaimer of opinion
- Going concern
- Not a going concern (break-up basis)
“The company ceased its trading activities in February 2024 with the sale of all the care homes. Accordingly, the directors have considered the ongoing status of the company and prepared these accounts on a basis other than that of going concern. This is detailed further in the accounting policy in Note 1.”
Significant events
- “In February 2024, the company completed the sale of all the care homes.”
- “as the company ceased all trading activities in February 2024 through sale of the care homes. not all records we requested as part of the audit testing were available. As such, we have a limitation of scope on being able to obtain sufficient appropriate audit evidence.”
- “Freehold land and buildings with a carrying amount of £nil (2023: £11,000,000) had been pledged to secure borrowings of the company. The company was not allowed to pledge these assets as security for other borrowings or to sell them to another entity.”
- “The bank loans were fully repaid at the period end.”
- “The amount due of £Nil (2023: £13,110) is from a close family member of the Director. Interest is charged on the loan at 2.5%. The loan has been written off during the period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAY, James William | Secretary | 2008-07-16 | — | British |
| DAY, James William | Director | — | Jun 1957 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAY, Bridget Ann | Secretary | — | 2008-07-16 |
| MORGAN, Janine | Secretary | 2016-09-08 | 2019-12-04 |
| BELGRAVE, Helen Gail | Director | 2015-03-31 | 2015-06-01 |
| DAY, Bridget Ann | Director | 2007-12-05 | 2008-07-16 |
| DI MAIO, Sharon Louise | Director | 2015-12-16 | 2017-04-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Eastgate Care Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-30 | Active |
Filing timeline
Last 20 of 175 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2026-06-06 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-05-26 | GAZ1 | gazette | Gazette notice compulsory | |
| 2026-03-31 | CH01 | officers | Change person director company with change date | |
| 2025-12-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-16 | CH03 | officers | Change person secretary company with change date | |
| 2025-04-16 | CH01 | officers | Change person director company with change date | |
| 2025-04-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-18 | AA01 | accounts | Change account reference date company current extended | |
| 2024-07-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.