Cringle Corporation Limited

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cringle corporation limited Company Information

Live

MatureSmallDeclining

Company Number

00413150

Next Accounts

1 days late

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Nigel Alliance

Joshua Senior

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Shareholders

nigel alliance

Group Structure

View All

Contact

Registered Address

suite 17b 111 piccadilly, manchester, M1 2HY

Website

www.cringlecorporation.com

cringle corporation limited Estimated Valuation

£26.3m

Pomanda estimates the enterprise value of CRINGLE CORPORATION LIMITED at £26.3m based on Net Assets of £15.2m and 1.74x industry multiple (adjusted for liquidity).

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Cringle Corporation Limited is a live company located in manchester, M1 2HY with a Companies House number of 00413150. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 1946, it's largest shareholder is nigel alliance with a 100% stake. Cringle Corporation Limited is a mature, small sized company, Pomanda has estimated its turnover at £945.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Cringle Corporation Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

5 Regular

3 Weak

Size

annual sales of £945.6k, make it in line with the average company (£802.9k)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (1.9%)

EXPORT

Cringle Corporation Limited's latest turnover from March 2023 is estimated at £945.6 thousand and the company has net assets of £15.2 million. According to their latest financial statements, Cringle Corporation Limited has 9 employees and maintains cash reserves of £530.6 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	Mar 2010
Turnover	945,603	1,188,967	1,203,439	1,109,814	1,385,673	1,412,042	20,939,003	32,745,960	12,024,970	17,538,331	7,554,721	8,111,438	2,124,725	1,983,258
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	238,192	299,400	300,285	286,359	368,393	353,841	5,296,131	9,241,719	4,031,550	5,682,957	2,323,449	2,491,365	0	0
Gross Profit	707,411	889,567	903,153	823,455	1,017,279	1,058,200	15,642,872	23,504,241	7,993,420	11,855,374	5,231,272	5,620,073	2,124,725	1,983,258
Admin Expenses	-2,022,421	-1,132,903	-570,971	-966,032	-799,195	-83,066	12,048,548	23,260,811	7,455,059	11,424,222	4,458,502	2,386,423	1,557,563	1,387,685
Operating Profit	2,729,832	2,022,470	1,474,124	1,789,487	1,816,474	1,141,266	3,594,324	243,430	538,361	431,152	772,770	3,233,650	567,162	595,573
Interest Payable	1,728,264	1,048,722	804,297	709,670	711,819	313,631	0	0	0	0	0	197,663	121,287	101,588
Interest Receivable	13,109	533	61	35	21	9	2	22	77	285	401	460	0	0
Pre-Tax Profit	1,014,678	974,281	669,888	1,079,852	1,104,677	827,644	3,594,326	243,453	538,438	431,436	773,171	3,036,447	445,875	493,985
Tax	-192,789	-185,113	-127,279	-205,172	-209,889	-157,252	-718,865	-48,690	-113,072	-99,230	-185,561	-789,476	-163,405	-258,850
Profit After Tax	821,889	789,168	542,609	874,680	894,788	670,392	2,875,461	194,762	425,366	332,206	587,610	2,246,971	282,470	235,135
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	821,889	789,168	542,609	874,680	894,788	670,392	2,875,461	194,762	425,366	332,206	587,610	2,246,971	282,470	235,135
Employee Costs	273,433	262,599	241,509	245,926	270,574	259,534	255,810	5,952,054	2,028,000	2,799,480	1,220,530	1,339,928	587,711	498,810
Number Of Employees	9	9	9	9	10	10	10	227	78	113	51	56	7	7
EBITDA*	2,777,041	2,022,470	1,478,124	1,789,487	1,819,620	1,142,766	3,594,324	246,020	540,951	434,390	774,713	3,233,650	567,868	605,729

* 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	Mar 2010
Tangible Assets	22,172,663	33,576,218	30,270,697	27,744,739	26,237,932	23,824,911	22,151,658	5,966	5,181	7,771	11,009	0	0	706
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	4,185,497	4,185,497	4,185,497	4,373,452	4,373,452	4,373,452	4,599,192	22,352,983	19,472,074	16,294,365	13,898,522	13,800,752	13,534,827	13,581,599
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	26,358,160	37,761,715	34,456,194	32,118,191	30,611,384	28,198,363	26,750,850	22,358,949	19,477,255	16,302,136	13,909,531	13,800,752	13,534,827	13,582,305
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	80,487	135,958	117,133	96,949	154,681	152,205	2,193,608	2,148,597	179,630	966,006	205,640	258,591	138,842	92,664
Group Debtors	0	0	0	0	6,406	206,406	0	0	0	0	0	0	61,868	6,406
Misc Debtors	12,997,437	1,629,937	1,578,874	517,062	578,557	527,194	0	0	0	0	0	0	174,472	187,542
Cash	530,589	86,318	55,877	66,481	3,281	2,355	1,250	400	8,573	22,088	91,772	68,506	115,387	5,247
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	13,608,513	1,852,213	1,751,884	680,492	742,925	888,160	2,194,858	2,148,997	188,203	988,094	297,412	327,097	490,569	291,859
total assets	39,966,673	39,613,928	36,208,078	32,798,683	31,354,309	29,086,523	28,945,708	24,507,946	19,665,458	17,290,230	14,206,943	14,127,849	14,025,396	13,874,164
Bank overdraft	0	199,801	910,166	566,104	900,544	1,676,745	0	0	0	0	0	0	6,081,935	5,576,315
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	106,372	219,346	568,351	312,256	64,244	204,296	10,904,905	16,808,825	12,161,099	10,211,237	7,449,469	7,835,370	85,775	150,189
Group/Directors Accounts	3,991,318	3,976,933	3,880,766	3,801,627	3,670,911	3,627,747	0	0	0	0	0	0	2,530,709	2,161,814
other short term finances	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
other current liabilities	3,404,542	4,437,382	3,554,546	3,739,153	3,934,574	4,255,241	0	0	0	0	0	0	1,281,469	967,152
total current liabilities	7,502,232	8,833,462	8,913,829	8,419,140	8,570,273	9,764,029	10,904,905	16,808,825	12,161,099	10,211,237	7,449,469	7,835,370	9,979,888	8,855,470
loans	17,192,251	16,330,165	13,633,116	11,261,019	10,540,192	7,973,438	0	0	0	0	0	0	0	1,299,582
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	7,362,139	0	0	0	0	0	0	0
provisions	104,082	104,082	104,082	104,082	104,082	104,082	104,082	0	0	0	10,687	133,302	133,302	89,376
total long term liabilities	17,296,333	16,434,247	13,737,198	11,365,101	10,644,274	8,077,520	7,466,221	0	0	0	10,687	133,302	133,302	1,388,958
total liabilities	24,798,565	25,267,709	22,651,027	19,784,241	19,214,547	17,841,549	18,371,126	16,808,825	12,161,099	10,211,237	7,460,156	7,968,672	10,113,190	10,244,428
net assets	15,168,108	14,346,219	13,557,051	13,014,442	12,139,762	11,244,974	10,574,582	7,699,121	7,504,359	7,078,993	6,746,787	6,159,177	3,912,206	3,629,736
total shareholders funds	15,168,108	14,346,219	13,557,051	13,014,442	12,139,762	11,244,974	10,574,582	7,699,121	7,504,359	7,078,993	6,746,787	6,159,177	3,912,206	3,629,736

	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	Mar 2010
Operating Activities
Operating Profit	2,729,832	2,022,470	1,474,124	1,789,487	1,816,474	1,141,266	3,594,324	243,430	538,361	431,152	772,770	3,233,650	567,162	595,573
Depreciation	47,209	0	4,000	0	3,146	1,500	0	2,590	2,590	3,238	1,943	0	706	10,156
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-192,789	-185,113	-127,279	-205,172	-209,889	-157,252	-718,865	-48,690	-113,072	-99,230	-185,561	-789,476	-163,405	-258,850
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	11,312,029	69,888	1,081,996	-125,633	-146,161	-1,307,803	45,011	1,968,967	-786,376	760,366	-52,951	-116,591	88,570	286,612
Creditors	-112,974	-349,005	256,095	248,012	-140,052	-10,700,609	-5,903,920	4,647,726	1,949,862	2,761,768	-385,901	7,749,595	-64,414	150,189
Accruals and Deferred Income	-1,032,840	882,836	-184,607	-195,421	-320,667	4,255,241	0	0	0	0	0	-1,281,469	314,317	967,152
Deferred Taxes & Provisions	0	0	0	0	0	0	104,082	0	0	-10,687	-122,615	0	43,926	89,376
Cash flow from operations	-9,873,591	2,301,300	340,337	1,762,539	1,295,173	-4,152,051	-2,969,390	2,876,089	3,164,117	2,325,875	133,587	9,028,891	609,722	1,266,984
Investing Activities
capital expenditure	11,356,346	-3,305,521	-2,529,958	-1,506,807	-2,416,167	-1,674,753	-22,145,692	-3,375	0	0	-12,952	0	0	-10,862
Change in Investments	0	0	-187,955	0	0	-225,740	-17,753,791	2,880,909	3,177,709	2,395,843	97,770	265,925	-46,772	13,581,599
cash flow from investments	11,356,346	-3,305,521	-2,342,003	-1,506,807	-2,416,167	-1,449,013	-4,391,901	-2,884,284	-3,177,709	-2,395,843	-110,722	-265,925	46,772	-13,592,461
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	14,385	96,167	79,139	130,716	43,164	3,627,747	0	0	0	0	0	-2,530,709	368,895	2,161,814
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	862,086	2,697,049	2,372,097	720,827	2,566,754	7,973,438	0	0	0	0	0	0	-1,299,582	1,299,582
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-7,362,139	7,362,139	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	3,394,601
interest	-1,715,155	-1,048,189	-804,236	-709,635	-711,798	-313,622	2	22	77	285	401	-197,203	-121,287	-101,588
cash flow from financing	-838,684	1,745,027	1,647,000	141,908	1,898,120	3,925,424	7,362,141	22	77	285	401	-2,727,912	-1,051,974	6,754,409
cash and cash equivalents
cash	444,271	30,441	-10,604	63,200	926	1,105	850	-8,173	-13,515	-69,684	23,266	-46,881	110,140	5,247
overdraft	-199,801	-710,365	344,062	-334,440	-776,201	1,676,745	0	0	0	0	0	-6,081,935	505,620	5,576,315
change in cash	644,072	740,806	-354,666	397,640	777,127	-1,675,640	850	-8,173	-13,515	-69,684	23,266	6,035,054	-395,480	-5,571,068

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CRINGLE CORPORATION LIMITED group structure

Cringle Corporation Limited has 6 subsidiary companies.

Ultimate parent company

CRINGLE CORPORATION LIMITED

00413150

6 subsidiaries

FINEMERE LIMITED

01053612

BRANCO 40 CHORLTON LTD

13910944

FORD BROTHERS,LIMITED

00238607

STOCKWELL & BAX LIMITED

00391360

ALLIANCE REAL ESTATE VENTURES LTD

09864973

CRINGLE INVESTMENT LIMITED

01904556

CRINGLE CORPORATION LIMITED Shareholders

nigel alliance

100%

Cringle Corporation Limited currently has 4 directors. The longest serving directors include Mr Nigel Alliance (Mar 1992) and Mr Joshua Senior (Nov 2011).

officer	country	age	start	end	role
Mr Nigel Alliance		89 years	Mar 1992	-	Director
Mr Joshua Senior	United Kingdom	34 years	Nov 2011	-	Director
Mr Benjamin Senior	England	31 years	Jul 2020	-	Director
Mr Gabriel Mahfar		19 years	Sep 2021	-	Director

P&L

March 2023

turnover

945.6k

-20%

operating profit

2.7m

gross margin

74.9%

-0.01%

turnover

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

Balance Sheet

March 2023

net assets

15.2m

+0.06%

total assets

40m

+0.01%

cash

530.6k

+5.15%

net assets

Total assets minus all liabilities

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company number

00413150

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

June 1946

ultimate parent company

None

previous names

waldo (sheffield) limited (December 1987)

address

suite 17b 111 piccadilly, manchester, M1 2HY

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 40 charges/mortgages relating to cringle corporation limited. Currently there are 12 open charges and 28 have been satisfied in the past.

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cringle corporation limited Company Information

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cringle corporation limited Estimated Valuation

cringle corporation limited Estimated Valuation

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