cory environmental limited

4.5

cory environmental limited Company Information

Share CORY ENVIRONMENTAL LIMITED
Live 
MatureMegaLow

Company Number

00049722

Registered Address

level 5, 10 dominion street, london, EC2M 2EF

Industry

Collection of non-hazardous waste

 

Collection of hazardous waste

 
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Telephone

02074175200

Next Accounts Due

September 2025

Group Structure

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Directors

Benjamin Butler5 Years

Douglas Sutherland5 Years

Shareholders

cory riverside (holdings) limited 100%

cory environmental limited Estimated Valuation

£94.2m

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

£0

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

£89.1m

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

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

0 Regular

positive_score

5 Weak

size

Size

annual sales of £110m, make it larger than the average company (£13m)

£110m - Cory Environmental Limited

£13m - Industry AVG

growth

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

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

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

Employees

with 115 employees, this is above the industry average (53)

115 - Cory Environmental Limited

53 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £956.4k, this is more efficient (£193.4k)

£956.4k - Cory Environmental Limited

£193.4k - Industry AVG

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cory Environmental Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover109,984,000110,518,000110,048,00099,471,000101,944,00098,592,00095,409,000117,116,000118,448,000117,059,000110,408,000119,580,000103,233,00087,176,00076,435,000
Other Income Or Grants000000000000000
Cost Of Sales106,766,000107,433,000105,121,00098,855,00099,495,00095,222,00091,758,000115,188,000109,996,000111,358,000100,111,000105,437,00091,444,00069,980,00056,553,000
Gross Profit3,218,0003,085,0004,927,000616,0002,449,0003,370,0003,651,0001,928,0008,452,0005,701,00010,297,00014,143,00011,789,00017,196,00019,882,000
Admin Expenses4,951,000-2,250,0002,967,0001,166,000710,000577,000-145,000-12,873,0004,369,0002,291,0003,517,0003,660,0003,360,0003,103,0005,011,000
Operating Profit-1,733,0005,335,0001,960,000-550,0001,739,0002,793,0003,796,00014,801,0004,083,0003,410,0006,780,00010,483,0008,429,00014,093,00014,871,000
Interest Payable0000000365,000421,000361,000496,000791,000998,000909,000830,000
Interest Receivable276,00086,00002,00003,00001,308,0001,725,0001,448,0001,388,0001,356,0001,374,0001,133,0001,665,000
Pre-Tax Profit-1,457,0005,421,0001,960,000-548,0001,746,0002,796,0003,796,00015,744,0005,387,0004,275,0007,613,00011,304,0009,071,00014,381,00015,743,000
Tax-673,000-227,000-183,000580,000271,000326,0001,006,000-1,124,000-4,973,000-1,181,000-2,182,000-2,744,000-1,216,000-2,991,000-4,487,000
Profit After Tax-2,130,0005,194,0001,777,00032,0002,017,0003,122,0004,802,00014,620,000414,0003,094,0005,431,0008,560,0007,855,00011,390,00011,256,000
Dividends Paid00000049,466,00013,430,00000000024,900,000
Retained Profit-2,130,0005,194,0001,777,00032,0002,017,0003,122,000-44,664,0001,190,000414,0003,094,0005,431,0008,560,0007,855,00011,390,000-13,644,000
Employee Costs6,163,0005,933,0005,591,0005,555,0005,124,0004,891,0004,313,0004,800,0004,888,0004,992,0005,088,0006,249,0007,426,0008,930,0007,784,000
Number Of Employees115112115114115110102128131134129136194238239
EBITDA*-463,0006,463,0002,968,000419,0002,598,0003,639,0004,775,00016,790,0005,146,0006,431,0009,340,00015,171,00011,965,00017,395,00020,697,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets12,245,0009,499,0008,749,0008,406,0008,126,0008,309,0008,542,0008,721,00011,355,00014,061,00015,307,00014,147,00014,544,00013,042,00012,648,000
Intangible Assets0000000000000038,000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets12,245,0009,499,0008,749,0008,406,0008,126,0008,309,0008,542,0008,721,00011,355,00014,061,00015,307,00014,147,00014,544,00013,042,00012,686,000
Stock & work in progress0000000011,00023,000109,0009,00012,000202,000214,000
Trade Debtors10,363,00010,626,00010,231,0008,830,0007,231,0007,069,0006,555,0006,205,00011,520,0009,689,00011,025,00010,549,00029,229,0007,170,0008,018,000
Group Debtors5,773,0001,773,000987,000003,230,0004,139,00050,466,00066,818,000127,951,000129,454,000132,485,00058,176,00054,327,00085,948,000
Misc Debtors7,649,0009,298,0007,803,0007,303,0007,628,0007,552,00010,253,0004,840,0006,346,0009,151,0007,903,0008,513,0008,749,0008,109,0007,187,000
Cash8,464,00010,769,0006,192,0009,252,0009,571,0001,216,0001,942,0006,059,0009,109,0006,791,0006,234,0004,727,0004,235,00014,617,0008,427,000
misc current assets000000000000000
total current assets32,249,00032,466,00025,213,00025,385,00024,430,00019,067,00022,889,00067,570,00093,804,000153,605,000154,725,000156,283,000100,401,00084,425,000109,794,000
total assets44,494,00041,965,00033,962,00033,791,00032,556,00027,376,00031,431,00076,291,000105,159,000167,666,000170,032,000170,430,000114,945,00097,467,000122,480,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 771,000763,000632,00032,000323,00069,000201,000499,000727,000951,000880,0007,234,00022,179,0002,794,0003,230,000
Group/Directors Accounts234,00019,00071,0004,249,0006,476,000406,00007,321,00011,144,00079,697,00088,889,00088,296,00023,840,00030,516,00067,232,000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities18,004,00014,550,00011,980,00010,008,0006,287,0009,448,00016,899,0009,476,00017,673,00014,566,00014,307,00014,665,00016,945,00019,860,00019,476,000
total current liabilities19,009,00015,332,00012,683,00014,289,00013,086,0009,923,00017,100,00017,296,00029,544,00095,214,000104,076,000110,195,00062,964,00053,170,00089,938,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions1,142,000160,00000000017,810,00015,061,00011,659,00011,369,00011,675,00011,846,00011,481,000
total long term liabilities1,142,000160,00000000017,810,00015,061,00011,659,00011,369,00011,675,00011,846,00011,481,000
total liabilities20,151,00015,492,00012,683,00014,289,00013,086,0009,923,00017,100,00017,296,00047,354,000110,275,000115,735,000121,564,00074,639,00065,016,000101,419,000
net assets24,343,00026,473,00021,279,00019,502,00019,470,00017,453,00014,331,00058,995,00057,805,00057,391,00054,297,00048,866,00040,306,00032,451,00021,061,000
total shareholders funds24,343,00026,473,00021,279,00019,502,00019,470,00017,453,00014,331,00058,995,00057,805,00057,391,00054,297,00048,866,00040,306,00032,451,00021,061,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-1,733,0005,335,0001,960,000-550,0001,739,0002,793,0003,796,00014,801,0004,083,0003,410,0006,780,00010,483,0008,429,00014,093,00014,871,000
Depreciation1,270,0001,128,0001,008,000969,000859,000846,000979,0001,989,0001,063,0003,021,0002,560,0004,688,0003,536,0003,264,0005,226,000
Amortisation000000000000038,000600,000
Tax-673,000-227,000-183,000580,000271,000326,0001,006,000-1,124,000-4,973,000-1,181,000-2,182,000-2,744,000-1,216,000-2,991,000-4,487,000
Stock0000000-11,000-12,000-86,000100,000-3,000-190,000-12,000214,000
Debtors2,088,0002,676,0002,888,0001,274,000-2,992,000-3,096,000-40,564,000-23,173,000-62,107,000-1,591,000-3,165,00055,393,00026,548,000-31,547,000101,153,000
Creditors8,000131,000600,000-291,000254,000-132,000-298,000-228,000-224,00071,000-6,354,000-14,945,00019,385,000-436,0003,230,000
Accruals and Deferred Income3,454,0002,570,0001,972,0003,721,000-3,161,000-7,451,0007,423,000-8,197,0003,107,000259,000-358,000-2,280,000-2,915,000384,00019,476,000
Deferred Taxes & Provisions982,000160,00000000-17,810,0002,749,0003,402,000290,000-306,000-171,000365,00011,481,000
Cash flow from operations1,220,0006,421,0002,469,0003,155,0002,954,000-522,00053,470,00012,615,00067,924,00010,659,0003,801,000-60,494,000690,00046,276,000-50,970,000
Investing Activities
capital expenditure-4,016,000-1,878,000-1,351,000-1,249,000-676,000-613,000-800,000645,0001,643,000-1,775,000-3,720,000-4,291,000-5,038,000-3,658,000-18,512,000
Change in Investments000000000000000
cash flow from investments-4,016,000-1,878,000-1,351,000-1,249,000-676,000-613,000-800,000645,0001,643,000-1,775,000-3,720,000-4,291,000-5,038,000-3,658,000-18,512,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts215,000-52,000-4,178,000-2,227,0006,070,000406,000-7,321,000-3,823,000-68,553,000-9,192,000593,00064,456,000-6,676,000-36,716,00067,232,000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0000000000000034,705,000
interest276,00086,00002,00003,0000943,0001,304,0001,087,000892,000565,000376,000224,000835,000
cash flow from financing491,00034,000-4,178,000-2,225,0006,070,000409,000-7,321,000-2,880,000-67,249,000-8,105,0001,485,00065,021,000-6,300,000-36,492,000102,772,000
cash and cash equivalents
cash-2,305,0004,577,000-3,060,000-319,0008,355,000-726,000-4,117,000-3,050,0002,318,000557,0001,507,000492,000-10,382,0006,190,0008,427,000
overdraft000000000000000
change in cash-2,305,0004,577,000-3,060,000-319,0008,355,000-726,000-4,117,000-3,050,0002,318,000557,0001,507,000492,000-10,382,0006,190,0008,427,000

cory environmental limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cory Environmental Limited Competitor Analysis

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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 Shareholders

cory riverside (holdings) limited 100%

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).

officercountryagestartendrole
Mr Benjamin ButlerUnited Kingdom43 years Jan 2019- Director
Mr Douglas Sutherland59 years Apr 2019- Director

P&L

December 2023

turnover

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 2023

net 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

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.

charges

cory environmental limited Companies House Filings - See Documents

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