PORTHAVEN CARE HOMES NO 2 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-16 (in 3mo)
Last made up 2025-08-02
Watchouts
Cash
£3M
-30.2% vs 2023
Net assets
£10M
+551% vs 2023
Employees
702
+11.1% vs 2023
Profit before tax
£7M
+50.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Company is dependent upon the continued financial support of its parent undertaking. The term loan facility of £224.5m... is repayable on 01 March 2026. The directors have concluded that the requirement to refinance within the going concern assessment period represents a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.
Net assets
2-year trend · vs Health Care median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £40,979,119 | £46,265,957 | |
| Operating profit | £4,919,717 | £7,392,287 | |
| Profit before tax | £4,917,734 | £7,392,287 | |
| Net profit | £4,877,631 | £7,356,734 | |
| Cash | £4,444,490 | £3,102,176 | |
| Total assets less current liabilities | £1,525,016 | £9,828,850 | |
| Net assets | £1,500,496 | £9,768,777 | |
| Equity | £1,500,496 | £9,768,777 | |
| Average employees | 632 | 702 | |
| Wages | £14,992,004 | £18,852,307 | |
| Directors' remuneration | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+12.9%
£40,979,119 £46,265,957
-
Cash
-30.2%
£4,444,490 £3,102,176
-
Net assets
+551%
£1,500,496 £9,768,777
-
Employees
+11.1%
632 702
-
Operating profit
+50.3%
£4,919,717 £7,392,287
-
Profit before tax
+50.3%
£4,917,734 £7,392,287
-
Wages
+25.7%
£14,992,004 £18,852,307
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 12.0% | 16.0% | |
| Net margin | 11.9% | 15.9% | |
| Return on capital employed | 322.6% | 75.2% | |
| Current ratio | 1.01x | 1.16x | |
| Interest cover | 2480.95x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Company is dependent upon the continued financial support of its parent undertaking. The term loan facility of £224.5m... is repayable on 01 March 2026. The directors have concluded that the requirement to refinance within the going concern assessment period represents a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”
Significant events
- “There have been no significant subsequent events to disclose.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KIME, Sean Thomas | Secretary | 2012-08-03 | — | — |
| KIME, Sean Thomas | Director | 2012-08-03 | Jun 1967 | British |
| SOPER, Lisa | Director | 2023-05-31 | Oct 1967 | British |
| VALENTINE, Adam James | Director | 2025-04-28 | Sep 1989 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HERBERT, Lance | Director | 2018-02-07 | 2023-08-01 |
| JAP, Chee Miau | Director | 2012-08-03 | 2013-03-31 |
| MORGAN, Nicholas Mark | Director | 2013-04-29 | 2018-02-07 |
| SHARRATT, Robert Francis | Director | 2012-08-03 | 2016-10-12 |
| SNELLGROVE, Clive Russell | Director | 2018-02-07 | 2024-12-09 |
| STOREY, John | Director | 2012-08-03 | 2023-05-22 |
| THORNE, Anthony David | Director | 2012-08-03 | 2018-02-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Phoenix Equity Partners 2010 Limited Partnership | Corporate entity | Appoints directors, Significant influence | 2016-04-06 | Ceased 2016-04-06 |
| Phoenix Equity Nominees Limited | Corporate entity | Shares 50–75% | 2016-04-06 | Ceased 2016-04-06 |
| Porthaven Properties No 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | CH01 | officers | Change person director company with change date | |
| 2025-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-15 | AA | accounts | Accounts with accounts type full | |
| 2024-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-09 | AA | accounts | Accounts with accounts type full | |
| 2023-08-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-19 | AA | accounts | Accounts with accounts type full | |
| 2022-11-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-03 | AA | accounts | Accounts with accounts type full | |
| 2021-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-03-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
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.