Maranatha Healthcare Ltd

Maranatha Healthcare Ltd, based in Birmingham, UK, is a small, active family business established sixteen years ago. Employing 120 people, the company holds £380,932 in assets and operates from a real address. With two directors and two owners, it’s a tight-knit operation. The company’s status is active and it’s a irregular importer, primarily dealing in textile products, sets, used clothing, and rags, with just two months of import activity recorded as of May 2020.

The company’s website highlights its focus on supported accommodation and social work activities, providing tailor-made support plans for adults with various needs, including autism, mental health conditions, and learning disabilities. Maranatha Healthcare Services aims to promote independence and provide high-quality care, currently undergoing registration with the Care Quality Commission (CQC). The website emphasizes recruitment, training, and supervision of staff, and even features a mailing list sign-up form.

Financially, Maranatha Healthcare Ltd shows a mixed picture. Current assets decreased by 13% to £380,000, while net assets also declined by 26% to £190,000. Bank borrowings increased slightly, by 4%, reaching £9,800, and cash reserves remained relatively stable at £140,000. Debtors decreased by 22%, suggesting improved collection efforts, but other creditors increased by 11%. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and no auditor is mentioned, likely due to exemption as a small company.

The decrease in assets and net assets could indicate a period of investment or increased operating expenses—perhaps related to expanding services or recruiting staff. The stable cash position, however, suggests the company isn’s facing an immediate liquidity crisis. While the company is holding steady, the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 06857593, with a registered address at B16 8PF, Birmingham, West Midlands, Radclyffe House 66-68 Hagley Road, Edgbaston.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.