MYSING CARE LIMITED

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

• Turnover

  +0.3%

  £6,962,865 → £6,985,580

• Cash

  -35.9%

  £846,601 → £542,626

• Net assets

  -96%

  -£551,491 → -£1,080,661

• Employees

  -6.7%

  165 → 154

• Operating profit

  -22.9%

  £899,336 → £693,225

• Profit before tax

  -56.5%

  -£314,572 → -£492,256

• Wages

  -0.1%

  £3,618,519 → £3,614,428

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

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.

1. MYSING CARE LIMITED 2016-03-08 → present
2. MYSING PROPERTIES (DEVON) LIMITED 2015-07-16 → 2016-03-08

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

TC Group

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. MYSING CARE LIMITED · parent
   1. PH Malpas Limited 100% · England · holding company for care home properties
   2. Perago Limited 100% · England · holding company for care home properties
   3. Hoar Cross Care Limited 100% · England · running of a nursing home for the elderly
   4. Prospect House (Malpas) Limited 100% · England · running of a nursing home for the elderly

Significant events

• “Turnover increased by 0.3% in the period to £6,985,580 (2024 - £6,962,865), while operating profit reduced by 23% to £693,225 (2024 - £899,336).”
• “Cost inflation resulted in a fall in operating profit, although results remain strong.”
• “Current challenges faced across the UK and global economy are having a direct impact on the group, with costs increasing and staffing shortages across the sector potentially impacting the group's ability to grow.”
• “The recent increases in the Bank of England Base Rate have led to a significant increase in finance costs.”
• “A large element of the group's care provision is government funded and changes to the level of funding could therefore impact the group's financial performance.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.