Corve Farming Limited

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corve farming limited Company Information

Live

EstablishedSmallDeclining

Company Number

07174396

Website

Registered Address

woodhouse fields farm bourton, much wenlock, shropshire, TF13 6QN

Industry

Raising of poultry

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Jonathan Benbow14 Years

William Benbow2 Years

Shareholders

jonathan charles benbow 70%

william gerald benbow 10%

View All

corve farming limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of CORVE FARMING LIMITED at £3.5m based on Net Assets of £2.2m and 1.59x industry multiple (adjusted for liquidity).

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Corve Farming Limited AI Business Plan

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Corve Farming Limited is a live company located in shropshire, TF13 6QN with a Companies House number of 07174396. It operates in the raising of poultry sector, SIC Code 01470. Founded in March 2010, it's largest shareholder is jonathan charles benbow with a 70% stake. Corve Farming Limited is a established, small sized company, Pomanda has estimated its turnover at £832.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Corve Farming Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

1 Regular

6 Weak

Size

annual sales of £832.1k, make it smaller than the average company (£15.6m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (5.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CORVE FARMING LIMITED group structure

Corve Farming Limited has no subsidiary companies.

Ultimate parent company

CORVE FARMING LIMITED

07174396

CORVE FARMING LIMITED Shareholders

jonathan charles benbow	70%
william gerald benbow	10%
charlotte mary benbow	10%
catherine frances benbow	10%

Corve Farming Limited currently has 2 directors. The longest serving directors include Mr Jonathan Benbow (Mar 2010) and Mr William Benbow (Nov 2021).

officer	country	age	start	end	role
Mr Jonathan Benbow	United Kingdom	66 years	Mar 2010	-	Director
Mr William Benbow		37 years	Nov 2021	-	Director

EXPORT

Corve Farming Limited's latest turnover from March 2023 is estimated at £832.1 thousand and the company has net assets of £2.2 million. According to their latest financial statements, Corve Farming Limited has 3 employees and maintains cash reserves of £486.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	832,100	563,857	1,050,822	1,259,912	2,497,921	1,104,704	716,238	647,953	890,019	1,367,433	1,847,414	2,002,211	490,399
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	749,922	505,364	932,729	1,135,920	2,165,731	942,226	619,498	566,458	777,975	1,156,999	1,564,839	1,729,299	404,798
Gross Profit	82,179	58,493	118,093	123,992	332,190	162,478	96,740	81,496	112,045	210,434	282,575	272,912	85,601
Admin Expenses	-213,656	-227,606	-317,299	73,198	-116,420	41,256	-34,977	-66,117	4,621	3,521	-27,734	186,650	-102,602
Operating Profit	295,835	286,099	435,392	50,794	448,610	121,222	131,717	147,613	107,424	206,913	310,309	86,262	188,203
Interest Payable	0	5,490	16,681	11,719	14,062	38,292	23,799	0	0	0	0	0	0
Interest Receivable	24,161	4,974	547	456	3,183	1,602	871	1,801	1,714	1,910	1,190	529	311
Pre-Tax Profit	319,996	285,583	419,258	39,531	437,731	84,532	108,789	149,414	109,138	208,823	311,499	86,791	188,514
Tax	-60,799	-54,261	-79,659	-7,511	-83,169	-16,061	-21,758	-29,883	-22,919	-48,029	-74,760	-22,566	-52,784
Profit After Tax	259,197	231,322	339,599	32,020	354,562	68,471	87,031	119,531	86,219	160,794	236,739	64,225	135,730
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	259,197	231,322	339,599	32,020	354,562	68,471	87,031	119,531	86,219	160,794	236,739	64,225	135,730
Employee Costs	95,927	90,672	93,011	85,592	77,964	48,387	50,289	49,950	51,818	97,892	100,430	124,000	46,629
Number Of Employees	3	3	3	3	3	2	2	2	2	4	4	5	2
EBITDA*	618,293	562,833	682,303	322,002	736,297	489,999	405,244	344,489	301,952	393,066	469,585	233,698	213,504

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	1,825,771	1,438,864	1,486,216	1,722,752	988,269	1,227,494	1,560,527	412,702	547,444	662,256	646,614	701,442	11,819
Intangible Assets	0	0	0	0	22,833	45,667	68,501	91,335	114,169	137,003	159,837	182,671	205,505
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,825,771	1,438,864	1,486,216	1,722,752	1,011,102	1,273,161	1,629,028	504,037	661,613	799,259	806,451	884,113	217,324
Stock & work in progress	0	0	0	82,760	39,096	61,921	52,399	56,440	30,566	0	0	0	0
Trade Debtors	132,203	43,659	104,854	136,781	638,573	173,938	53,677	90,063	75,811	27,984	29,860	79,062	21,312
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	486,551	650,460	676,017	416,982	494,416	354,346	286,306	410,095	310,389	375,323	388,632	87,233	124,282
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	618,754	694,119	780,871	636,523	1,172,085	590,205	392,382	556,598	416,766	403,307	418,492	166,295	145,594
total assets	2,444,525	2,132,983	2,267,087	2,359,275	2,183,187	1,863,366	2,021,410	1,060,635	1,078,379	1,202,566	1,224,943	1,050,408	362,918
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	165,135	141,787	260,067	385,621	728,487	380,309	270,758	190,902	304,055	494,881	685,117	788,821	226,862
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	165,135	141,787	260,067	385,621	728,487	380,309	270,758	190,902	304,055	494,881	685,117	788,821	226,862
loans	0	0	162,672	384,236	0	416,645	761,562	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	95,275	157,836	60,339	0	0	0	0	0	0	0	0
provisions	103,850	74,853	64,052	86,160	80,959	107,572	98,721	66,395	90,517	110,097	103,032	61,532	226
total long term liabilities	103,850	74,853	321,999	628,232	141,298	524,217	860,283	66,395	90,517	110,097	103,032	61,532	226
total liabilities	268,985	216,640	582,066	1,013,853	869,785	904,526	1,131,041	257,297	394,572	604,978	788,149	850,353	227,088
net assets	2,175,540	1,916,343	1,685,021	1,345,422	1,313,402	958,840	890,369	803,338	683,807	597,588	436,794	200,055	135,830
total shareholders funds	2,175,540	1,916,343	1,685,021	1,345,422	1,313,402	958,840	890,369	803,338	683,807	597,588	436,794	200,055	135,830

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	295,835	286,099	435,392	50,794	448,610	121,222	131,717	147,613	107,424	206,913	310,309	86,262	188,203
Depreciation	322,458	276,734	246,911	248,375	264,853	345,943	250,693	174,042	171,694	163,319	136,442	124,602	2,467
Amortisation	0	0	0	22,833	22,834	22,834	22,834	22,834	22,834	22,834	22,834	22,834	22,834
Tax	-60,799	-54,261	-79,659	-7,511	-83,169	-16,061	-21,758	-29,883	-22,919	-48,029	-74,760	-22,566	-52,784
Stock	0	0	-82,760	43,664	-22,825	9,522	-4,041	25,874	30,566	0	0	0	0
Debtors	88,544	-61,195	-31,927	-501,792	464,635	120,261	-36,386	14,252	47,827	-1,876	-49,202	57,750	21,312
Creditors	23,348	-118,280	-125,554	-342,866	348,178	109,551	79,856	-113,153	-190,826	-190,236	-103,704	561,959	226,862
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	28,997	10,801	-22,108	5,201	-26,613	8,851	32,326	-24,122	-19,580	7,065	41,500	61,306	226
Cash flow from operations	521,295	462,288	569,669	434,954	532,883	462,557	536,095	137,205	-9,766	163,742	381,823	776,647	366,496
Investing Activities
capital expenditure	-709,365	-229,382	-10,375	-982,858	-25,628	-12,910	-1,398,518	-39,300	-56,882	-178,961	-81,614	-814,225	-242,625
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-709,365	-229,382	-10,375	-982,858	-25,628	-12,910	-1,398,518	-39,300	-56,882	-178,961	-81,614	-814,225	-242,625
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-162,672	-221,564	384,236	-416,645	-344,917	761,562	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-95,275	-62,561	97,497	60,339	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	24,161	-516	-16,134	-11,263	-10,879	-36,690	-22,928	1,801	1,714	1,910	1,190	529	311
cash flow from financing	24,161	-258,463	-300,259	470,470	-367,185	-381,607	738,634	1,801	1,714	1,910	1,190	529	411
cash and cash equivalents
cash	-163,909	-25,557	259,035	-77,434	140,070	68,040	-123,789	99,706	-64,934	-13,309	301,399	-37,049	124,282
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-163,909	-25,557	259,035	-77,434	140,070	68,040	-123,789	99,706	-64,934	-13,309	301,399	-37,049	124,282

P&L

March 2023

turnover

832.1k

+48%

operating profit

295.8k

gross margin

9.9%

-4.8%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

2.2m

+0.14%

total assets

2.4m

+0.15%

cash

486.6k

-0.25%

net assets

Total assets minus all liabilities

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company number

07174396

Type

Private limited with Share Capital

industry

01470 - Raising of poultry

incorporation date

March 2010

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

corve poultry limited (March 2020)

incorporated

address

woodhouse fields farm bourton, much wenlock, shropshire, TF13 6QN

last accounts submitted

March 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to corve farming limited. Currently there are 2 open charges and 0 have been satisfied in the past.

corve farming limited Company Information

corve farming limited Estimated Valuation

corve farming limited Estimated Valuation

corve farming limited Estimated Valuation

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