cory environmental limited Company Information
Company Number
00049722
Website
https://www.corygroup.co.uk/Registered Address
level 5, 10 dominion street, london, EC2M 2EF
Industry
Collection of non-hazardous waste
Collection of hazardous waste
Telephone
02074175200
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
cory riverside (holdings) limited 100%
cory environmental limited Estimated Valuation
Pomanda estimates the enterprise value of CORY ENVIRONMENTAL LIMITED at £94.2m based on a Turnover of £110m and 0.86x industry multiple (adjusted for size and gross margin).
cory environmental limited Estimated Valuation
Pomanda estimates the enterprise value of CORY ENVIRONMENTAL LIMITED at £0 based on an EBITDA of £-463k and a 5.68x industry multiple (adjusted for size and gross margin).
cory environmental limited Estimated Valuation
Pomanda estimates the enterprise value of CORY ENVIRONMENTAL LIMITED at £89.1m based on Net Assets of £24.3m and 3.66x industry multiple (adjusted for liquidity).
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Cory Environmental Limited Overview
Cory Environmental Limited is a live company located in london, EC2M 2EF with a Companies House number of 00049722. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in October 1896, it's largest shareholder is cory riverside (holdings) limited with a 100% stake. Cory Environmental Limited is a mature, mega sized company, Pomanda has estimated its turnover at £110m with low growth in recent years.
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Cory Environmental Limited Health Check
Pomanda's financial health check has awarded Cory Environmental Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £110m, make it larger than the average company (£13m)
£110m - Cory Environmental Limited
£13m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (10.5%)
3% - Cory Environmental Limited
10.5% - Industry AVG
Production
with a gross margin of 2.9%, this company has a higher cost of product (27.3%)
2.9% - Cory Environmental Limited
27.3% - Industry AVG
Profitability
an operating margin of -1.6% make it less profitable than the average company (9.5%)
-1.6% - Cory Environmental Limited
9.5% - Industry AVG
Employees
with 115 employees, this is above the industry average (53)
115 - Cory Environmental Limited
53 - Industry AVG
Pay Structure
on an average salary of £53.6k, the company has a higher pay structure (£43.5k)
£53.6k - Cory Environmental Limited
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £956.4k, this is more efficient (£193.4k)
£956.4k - Cory Environmental Limited
£193.4k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is earlier than average (46 days)
34 days - Cory Environmental Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (36 days)
2 days - Cory Environmental Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cory Environmental Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (12 weeks)
23 weeks - Cory Environmental Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.3%, this is a lower level of debt than the average (64.3%)
45.3% - Cory Environmental Limited
64.3% - Industry AVG
CORY ENVIRONMENTAL LIMITED financials
Cory Environmental Limited's latest turnover from December 2023 is £110 million and the company has net assets of £24.3 million. According to their latest financial statements, Cory Environmental Limited has 115 employees and maintains cash reserves of £8.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 109,984,000 | 110,518,000 | 110,048,000 | 99,471,000 | 101,944,000 | 98,592,000 | 95,409,000 | 117,116,000 | 118,448,000 | 117,059,000 | 110,408,000 | 119,580,000 | 103,233,000 | 87,176,000 | 76,435,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 106,766,000 | 107,433,000 | 105,121,000 | 98,855,000 | 99,495,000 | 95,222,000 | 91,758,000 | 115,188,000 | 109,996,000 | 111,358,000 | 100,111,000 | 105,437,000 | 91,444,000 | 69,980,000 | 56,553,000 |
Gross Profit | 3,218,000 | 3,085,000 | 4,927,000 | 616,000 | 2,449,000 | 3,370,000 | 3,651,000 | 1,928,000 | 8,452,000 | 5,701,000 | 10,297,000 | 14,143,000 | 11,789,000 | 17,196,000 | 19,882,000 |
Admin Expenses | 4,951,000 | -2,250,000 | 2,967,000 | 1,166,000 | 710,000 | 577,000 | -145,000 | -12,873,000 | 4,369,000 | 2,291,000 | 3,517,000 | 3,660,000 | 3,360,000 | 3,103,000 | 5,011,000 |
Operating Profit | -1,733,000 | 5,335,000 | 1,960,000 | -550,000 | 1,739,000 | 2,793,000 | 3,796,000 | 14,801,000 | 4,083,000 | 3,410,000 | 6,780,000 | 10,483,000 | 8,429,000 | 14,093,000 | 14,871,000 |
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 365,000 | 421,000 | 361,000 | 496,000 | 791,000 | 998,000 | 909,000 | 830,000 |
Interest Receivable | 276,000 | 86,000 | 0 | 2,000 | 0 | 3,000 | 0 | 1,308,000 | 1,725,000 | 1,448,000 | 1,388,000 | 1,356,000 | 1,374,000 | 1,133,000 | 1,665,000 |
Pre-Tax Profit | -1,457,000 | 5,421,000 | 1,960,000 | -548,000 | 1,746,000 | 2,796,000 | 3,796,000 | 15,744,000 | 5,387,000 | 4,275,000 | 7,613,000 | 11,304,000 | 9,071,000 | 14,381,000 | 15,743,000 |
Tax | -673,000 | -227,000 | -183,000 | 580,000 | 271,000 | 326,000 | 1,006,000 | -1,124,000 | -4,973,000 | -1,181,000 | -2,182,000 | -2,744,000 | -1,216,000 | -2,991,000 | -4,487,000 |
Profit After Tax | -2,130,000 | 5,194,000 | 1,777,000 | 32,000 | 2,017,000 | 3,122,000 | 4,802,000 | 14,620,000 | 414,000 | 3,094,000 | 5,431,000 | 8,560,000 | 7,855,000 | 11,390,000 | 11,256,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 49,466,000 | 13,430,000 | 0 | 0 | 0 | 0 | 0 | 0 | 24,900,000 |
Retained Profit | -2,130,000 | 5,194,000 | 1,777,000 | 32,000 | 2,017,000 | 3,122,000 | -44,664,000 | 1,190,000 | 414,000 | 3,094,000 | 5,431,000 | 8,560,000 | 7,855,000 | 11,390,000 | -13,644,000 |
Employee Costs | 6,163,000 | 5,933,000 | 5,591,000 | 5,555,000 | 5,124,000 | 4,891,000 | 4,313,000 | 4,800,000 | 4,888,000 | 4,992,000 | 5,088,000 | 6,249,000 | 7,426,000 | 8,930,000 | 7,784,000 |
Number Of Employees | 115 | 112 | 115 | 114 | 115 | 110 | 102 | 128 | 131 | 134 | 129 | 136 | 194 | 238 | 239 |
EBITDA* | -463,000 | 6,463,000 | 2,968,000 | 419,000 | 2,598,000 | 3,639,000 | 4,775,000 | 16,790,000 | 5,146,000 | 6,431,000 | 9,340,000 | 15,171,000 | 11,965,000 | 17,395,000 | 20,697,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 12,245,000 | 9,499,000 | 8,749,000 | 8,406,000 | 8,126,000 | 8,309,000 | 8,542,000 | 8,721,000 | 11,355,000 | 14,061,000 | 15,307,000 | 14,147,000 | 14,544,000 | 13,042,000 | 12,648,000 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,000 |
Investments & Other | 0 | 0 | 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 | 0 | 0 |
Total Fixed Assets | 12,245,000 | 9,499,000 | 8,749,000 | 8,406,000 | 8,126,000 | 8,309,000 | 8,542,000 | 8,721,000 | 11,355,000 | 14,061,000 | 15,307,000 | 14,147,000 | 14,544,000 | 13,042,000 | 12,686,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,000 | 23,000 | 109,000 | 9,000 | 12,000 | 202,000 | 214,000 |
Trade Debtors | 10,363,000 | 10,626,000 | 10,231,000 | 8,830,000 | 7,231,000 | 7,069,000 | 6,555,000 | 6,205,000 | 11,520,000 | 9,689,000 | 11,025,000 | 10,549,000 | 29,229,000 | 7,170,000 | 8,018,000 |
Group Debtors | 5,773,000 | 1,773,000 | 987,000 | 0 | 0 | 3,230,000 | 4,139,000 | 50,466,000 | 66,818,000 | 127,951,000 | 129,454,000 | 132,485,000 | 58,176,000 | 54,327,000 | 85,948,000 |
Misc Debtors | 7,649,000 | 9,298,000 | 7,803,000 | 7,303,000 | 7,628,000 | 7,552,000 | 10,253,000 | 4,840,000 | 6,346,000 | 9,151,000 | 7,903,000 | 8,513,000 | 8,749,000 | 8,109,000 | 7,187,000 |
Cash | 8,464,000 | 10,769,000 | 6,192,000 | 9,252,000 | 9,571,000 | 1,216,000 | 1,942,000 | 6,059,000 | 9,109,000 | 6,791,000 | 6,234,000 | 4,727,000 | 4,235,000 | 14,617,000 | 8,427,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 32,249,000 | 32,466,000 | 25,213,000 | 25,385,000 | 24,430,000 | 19,067,000 | 22,889,000 | 67,570,000 | 93,804,000 | 153,605,000 | 154,725,000 | 156,283,000 | 100,401,000 | 84,425,000 | 109,794,000 |
total assets | 44,494,000 | 41,965,000 | 33,962,000 | 33,791,000 | 32,556,000 | 27,376,000 | 31,431,000 | 76,291,000 | 105,159,000 | 167,666,000 | 170,032,000 | 170,430,000 | 114,945,000 | 97,467,000 | 122,480,000 |
Bank overdraft | 0 | 0 | 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 | 0 | 0 |
Trade Creditors | 771,000 | 763,000 | 632,000 | 32,000 | 323,000 | 69,000 | 201,000 | 499,000 | 727,000 | 951,000 | 880,000 | 7,234,000 | 22,179,000 | 2,794,000 | 3,230,000 |
Group/Directors Accounts | 234,000 | 19,000 | 71,000 | 4,249,000 | 6,476,000 | 406,000 | 0 | 7,321,000 | 11,144,000 | 79,697,000 | 88,889,000 | 88,296,000 | 23,840,000 | 30,516,000 | 67,232,000 |
other short term finances | 0 | 0 | 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 | 0 | 0 |
other current liabilities | 18,004,000 | 14,550,000 | 11,980,000 | 10,008,000 | 6,287,000 | 9,448,000 | 16,899,000 | 9,476,000 | 17,673,000 | 14,566,000 | 14,307,000 | 14,665,000 | 16,945,000 | 19,860,000 | 19,476,000 |
total current liabilities | 19,009,000 | 15,332,000 | 12,683,000 | 14,289,000 | 13,086,000 | 9,923,000 | 17,100,000 | 17,296,000 | 29,544,000 | 95,214,000 | 104,076,000 | 110,195,000 | 62,964,000 | 53,170,000 | 89,938,000 |
loans | 0 | 0 | 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 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 1,142,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 17,810,000 | 15,061,000 | 11,659,000 | 11,369,000 | 11,675,000 | 11,846,000 | 11,481,000 |
total long term liabilities | 1,142,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 17,810,000 | 15,061,000 | 11,659,000 | 11,369,000 | 11,675,000 | 11,846,000 | 11,481,000 |
total liabilities | 20,151,000 | 15,492,000 | 12,683,000 | 14,289,000 | 13,086,000 | 9,923,000 | 17,100,000 | 17,296,000 | 47,354,000 | 110,275,000 | 115,735,000 | 121,564,000 | 74,639,000 | 65,016,000 | 101,419,000 |
net assets | 24,343,000 | 26,473,000 | 21,279,000 | 19,502,000 | 19,470,000 | 17,453,000 | 14,331,000 | 58,995,000 | 57,805,000 | 57,391,000 | 54,297,000 | 48,866,000 | 40,306,000 | 32,451,000 | 21,061,000 |
total shareholders funds | 24,343,000 | 26,473,000 | 21,279,000 | 19,502,000 | 19,470,000 | 17,453,000 | 14,331,000 | 58,995,000 | 57,805,000 | 57,391,000 | 54,297,000 | 48,866,000 | 40,306,000 | 32,451,000 | 21,061,000 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | -1,733,000 | 5,335,000 | 1,960,000 | -550,000 | 1,739,000 | 2,793,000 | 3,796,000 | 14,801,000 | 4,083,000 | 3,410,000 | 6,780,000 | 10,483,000 | 8,429,000 | 14,093,000 | 14,871,000 |
Depreciation | 1,270,000 | 1,128,000 | 1,008,000 | 969,000 | 859,000 | 846,000 | 979,000 | 1,989,000 | 1,063,000 | 3,021,000 | 2,560,000 | 4,688,000 | 3,536,000 | 3,264,000 | 5,226,000 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,000 | 600,000 |
Tax | -673,000 | -227,000 | -183,000 | 580,000 | 271,000 | 326,000 | 1,006,000 | -1,124,000 | -4,973,000 | -1,181,000 | -2,182,000 | -2,744,000 | -1,216,000 | -2,991,000 | -4,487,000 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,000 | -12,000 | -86,000 | 100,000 | -3,000 | -190,000 | -12,000 | 214,000 |
Debtors | 2,088,000 | 2,676,000 | 2,888,000 | 1,274,000 | -2,992,000 | -3,096,000 | -40,564,000 | -23,173,000 | -62,107,000 | -1,591,000 | -3,165,000 | 55,393,000 | 26,548,000 | -31,547,000 | 101,153,000 |
Creditors | 8,000 | 131,000 | 600,000 | -291,000 | 254,000 | -132,000 | -298,000 | -228,000 | -224,000 | 71,000 | -6,354,000 | -14,945,000 | 19,385,000 | -436,000 | 3,230,000 |
Accruals and Deferred Income | 3,454,000 | 2,570,000 | 1,972,000 | 3,721,000 | -3,161,000 | -7,451,000 | 7,423,000 | -8,197,000 | 3,107,000 | 259,000 | -358,000 | -2,280,000 | -2,915,000 | 384,000 | 19,476,000 |
Deferred Taxes & Provisions | 982,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | -17,810,000 | 2,749,000 | 3,402,000 | 290,000 | -306,000 | -171,000 | 365,000 | 11,481,000 |
Cash flow from operations | 1,220,000 | 6,421,000 | 2,469,000 | 3,155,000 | 2,954,000 | -522,000 | 53,470,000 | 12,615,000 | 67,924,000 | 10,659,000 | 3,801,000 | -60,494,000 | 690,000 | 46,276,000 | -50,970,000 |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 215,000 | -52,000 | -4,178,000 | -2,227,000 | 6,070,000 | 406,000 | -7,321,000 | -3,823,000 | -68,553,000 | -9,192,000 | 593,000 | 64,456,000 | -6,676,000 | -36,716,000 | 67,232,000 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 276,000 | 86,000 | 0 | 2,000 | 0 | 3,000 | 0 | 943,000 | 1,304,000 | 1,087,000 | 892,000 | 565,000 | 376,000 | 224,000 | 835,000 |
cash flow from financing | 491,000 | 34,000 | -4,178,000 | -2,225,000 | 6,070,000 | 409,000 | -7,321,000 | -2,880,000 | -67,249,000 | -8,105,000 | 1,485,000 | 65,021,000 | -6,300,000 | -36,492,000 | 102,772,000 |
cash and cash equivalents | |||||||||||||||
cash | -2,305,000 | 4,577,000 | -3,060,000 | -319,000 | 8,355,000 | -726,000 | -4,117,000 | -3,050,000 | 2,318,000 | 557,000 | 1,507,000 | 492,000 | -10,382,000 | 6,190,000 | 8,427,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -2,305,000 | 4,577,000 | -3,060,000 | -319,000 | 8,355,000 | -726,000 | -4,117,000 | -3,050,000 | 2,318,000 | 557,000 | 1,507,000 | 492,000 | -10,382,000 | 6,190,000 | 8,427,000 |
cory environmental limited Credit Report and Business Information
Cory Environmental Limited Competitor Analysis
Perform a competitor analysis for cory environmental limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mega companies, companies in EC2M area or any other competitors across 12 key performance metrics.
cory environmental limited Ownership
CORY ENVIRONMENTAL LIMITED group structure
Cory Environmental Limited has no subsidiary companies.
Ultimate parent company
2 parents
CORY ENVIRONMENTAL LIMITED
00049722
cory environmental limited directors
Cory Environmental Limited currently has 2 directors. The longest serving directors include Mr Benjamin Butler (Jan 2019) and Mr Douglas Sutherland (Apr 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Benjamin Butler | United Kingdom | 43 years | Jan 2019 | - | Director |
Mr Douglas Sutherland | 59 years | Apr 2019 | - | Director |
P&L
December 2023turnover
110m
0%
operating profit
-1.7m
-132%
gross margin
3%
+4.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
24.3m
-0.08%
total assets
44.5m
+0.06%
cash
8.5m
-0.21%
net assets
Total assets minus all liabilities
cory environmental limited company details
company number
00049722
Type
Private limited with Share Capital
industry
38110 - Collection of non-hazardous waste
38120 - Collection of hazardous waste
38220 - Treatment and disposal of hazardous waste
incorporation date
October 1896
age
128
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
w m.cory & son limited (January 1992)
accountant
-
auditor
BDO LLP
address
level 5, 10 dominion street, london, EC2M 2EF
Bank
BARCLAYS COMMERCIAL BANK, BARCLAYS COMMERCIAL BANK, BARCLAYS COMMERCIAL BANK
Legal Advisor
-
cory environmental limited Charges & Mortgages
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 17 charges/mortgages relating to cory environmental limited. Currently there are 4 open charges and 13 have been satisfied in the past.
cory environmental limited Companies House Filings - See Documents
date | description | view/download |
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