Cornwall Mining Services Limited

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SOLUTIONS

cornwall mining services limited Company Information

Company Number

01381067

Next Accounts

Mar 2025

Directors

Stephen Wood

David Hill

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Shareholders

groundsure limited

Group Structure

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Industry

Support activities for other mining and quarrying

Registered Address

1st floor, orion gate, guildford road, woking, surrey, GU22 7NJ

Website

miningsearchesuk.com

cornwall mining services limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of CORNWALL MINING SERVICES LIMITED at £1.7m based on a Turnover of £2m and 0.83x industry multiple (adjusted for size and gross margin).

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Cornwall Mining Services Limited is a dissolved company that was located in woking, GU22 7NJ with a Companies House number of 01381067. It operated in the support activities for other mining and quarrying sector, SIC Code 09900. Founded in July 1978, it's largest shareholder was groundsure limited with a 100% stake. The last turnover for Cornwall Mining Services Limited was estimated at £2m.

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Pomanda's financial health check has awarded Cornwall Mining Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £2m, make it smaller than the average company (£3.2m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (2.2%)

EXPORT

Cornwall Mining Services Limited's latest turnover from July 2019 is estimated at £2 million and the company has net assets of £910.2 thousand. According to their latest financial statements, Cornwall Mining Services Limited has 16 employees and maintains cash reserves of £306.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	2,045,266	1,775,511	1,453,268	1,173,215	627,902	705,930	384,677	598,311	616,728	642,039
Other Income Or Grants
Cost Of Sales	1,164,755	1,198,843	944,859	808,205	437,757	548,181	318,779	499,048	440,372	432,642
Gross Profit	880,511	576,668	508,409	365,010	190,144	157,749	65,899	99,263	176,356	209,398
Admin Expenses	599,262	361,556	367,245	384,447	84,619	13,853	44,313	89,831	133,227	149,039	-164,558
Operating Profit	281,249	215,112	141,164	-19,437	105,525	143,896	21,586	9,432	43,129	60,359	164,558
Interest Payable		1,955	4,216	3,310	880
Interest Receivable	2,060	1,160	539	928	693	649	570	398	364	316	138
Pre-Tax Profit	283,309	214,316	137,486	-21,819	105,338	144,544	22,156	9,830	43,493	60,675	164,696
Tax	-53,829	-40,720	-26,122		-21,067	-30,354	-5,096	-2,359	-11,308	-16,989	-46,115
Profit After Tax	229,480	173,596	111,364	-21,819	84,270	114,190	17,060	7,471	32,185	43,686	118,581
Dividends Paid
Retained Profit	229,480	173,596	111,364	-21,819	84,270	114,190	17,060	7,471	32,185	43,686	118,581
Employee Costs	761,978	836,510	595,000	474,537	162,818	185,196	136,475	137,978	181,849	206,398
Number Of Employees	16	17	15	10	4	4	3	3	5	6
EBITDA*	376,949	281,865	185,916	12,070	139,613	176,420	45,762	20,682	52,788	69,097	173,207

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	250,511	264,297	262,853	252,038	251,793	261,003	266,700	237,518	212,740	212,079	208,262
Intangible Assets	446,714	363,365	220,465	161,406	125,945	102,502
Investments & Other								100	100
Debtors (Due After 1 year)
Total Fixed Assets	697,225	627,662	483,318	413,444	377,738	363,505	266,700	237,618	212,840	212,079	208,262
Stock & work in progress	150	150	150	150	150	150	150	135	135	135	135
Trade Debtors	305,370	145,226	162,373	118,631	141,651	146,246	82,452	114,441	139,881	127,638	91,008
Group Debtors
Misc Debtors										21,647
Cash	306,065	243,258	220,570	210,314	160,864	116,343	143,179	84,803	74,507	71,098	55,121
misc current assets
total current assets	611,585	388,634	383,093	329,095	302,665	262,739	225,781	199,379	214,523	220,518	146,264
total assets	1,308,810	1,016,296	866,411	742,539	680,403	626,244	492,481	436,997	427,363	432,597	354,526
Bank overdraft
Bank loan
Trade Creditors	244,579	173,406	160,633	180,795	113,579	109,488	115,862	80,325	88,901	113,790	72,436
Group/Directors Accounts			14,442	14,292
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	244,579	173,406	175,075	195,087	113,579	109,488	115,862	80,325	88,901	113,790	72,436
loans			60,165	74,758	27,092
hp & lease commitments
Accruals and Deferred Income
other liabilities					60,599	101,963	124,270	146,180	138,493	151,523	159,892
provisions	154,065	162,204	124,081	76,968	61,588	81,518	33,264	8,467	5,415	4,915	3,515
total long term liabilities	154,065	162,204	184,246	151,726	149,279	183,481	157,534	154,647	143,908	156,438	163,407
total liabilities	398,644	335,610	359,321	346,813	262,858	292,969	273,396	234,972	232,809	270,228	235,843
net assets	910,166	680,686	507,090	395,726	417,545	333,275	219,085	202,025	194,554	162,369	118,683
total shareholders funds	910,166	680,686	507,090	395,726	417,545	333,275	219,085	202,025	194,554	162,369	118,683

	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	281,249	215,112	141,164	-19,437	105,525	143,896	21,586	9,432	43,129	60,359	164,558
Depreciation	20,006	21,213	26,593	18,496	24,309	32,524	24,176	11,250	9,659	8,738	8,649
Amortisation	75,694	45,540	18,159	13,011	9,779
Tax	-53,829	-40,720	-26,122		-21,067	-30,354	-5,096	-2,359	-11,308	-16,989	-46,115
Stock							15				135
Debtors	160,144	-17,147	43,742	-23,020	-4,595	63,794	-31,989	-25,440	-9,404	58,277	91,008
Creditors	71,173	12,773	-20,162	67,216	4,091	-6,374	35,537	-8,576	-24,889	41,354	72,436
Accruals and Deferred Income
Deferred Taxes & Provisions	-8,139	38,123	47,113	15,380	-19,930	48,254	24,797	3,052	500	1,400	3,515
Cash flow from operations	226,010	309,188	143,003	117,686	107,302	124,152	132,974	38,239	26,495	36,585	111,900
Investing Activities
capital expenditure	-165,263	-211,097	-114,626	-67,213	-48,321	-129,329	-53,358	-36,028	-10,320	-12,555	-216,911
Change in Investments							-100		100
cash flow from investments	-165,263	-211,097	-114,626	-67,213	-48,321	-129,329	-53,258	-36,028	-10,420	-12,555	-216,911
Financing Activities
Bank loans
Group/Directors Accounts		-14,442	150	14,292
Other Short Term Loans
Long term loans		-60,165	-14,593	47,666	27,092
Hire Purchase and Lease Commitments
other long term liabilities				-60,599	-41,364	-22,307	-21,910	7,687	-13,030	-8,369	159,892
share issue											102
interest	2,060	-795	-3,677	-2,382	-187	649	570	398	364	316	138
cash flow from financing	2,060	-75,402	-18,120	-1,023	-14,459	-21,658	-21,340	8,085	-12,666	-8,053	160,132
cash and cash equivalents
cash	62,807	22,688	10,256	49,450	44,521	-26,836	58,376	10,296	3,409	15,977	55,121
overdraft
change in cash	62,807	22,688	10,256	49,450	44,521	-26,836	58,376	10,296	3,409	15,977	55,121

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CORNWALL MINING SERVICES LIMITED group structure

Cornwall Mining Services Limited has no subsidiary companies.

Ultimate parent company

OPENESG PLATFORM INC

#0130385

GROUNDSURE LIMITED

03421028

2 parents

CORNWALL MINING SERVICES LIMITED

01381067

CORNWALL MINING SERVICES LIMITED Shareholders

groundsure limited

100%

Cornwall Mining Services Limited currently has 3 directors. The longest serving directors include Mr Stephen Wood (Jan 2021) and Mr David Hill (Jan 2021).

officer	country	age	start	end	role
Mr Stephen Wood	United Kingdom	59 years	Jan 2021	-	Director
Mr David Hill	England	68 years	Jan 2021	-	Director
Mr Daniele Montagnani	England	52 years	Jan 2021	-	Director

P&L

July 2019

turnover

+15%

operating profit

281.2k

gross margin

43.1%

+32.55%

turnover

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

Balance Sheet

July 2019

net assets

910.2k

+0.34%

total assets

1.3m

+0.29%

cash

306.1k

+0.26%

net assets

Total assets minus all liabilities

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company number

01381067

Type

Private limited with Share Capital

industry

09900 - Support activities for other mining and quarrying

incorporation date

July 1978

ultimate parent company

OPENESG PLATFORM INC

previous names

N/A

address

1st floor, orion gate, guildford road, woking, surrey, GU22 7NJ

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 6 charges/mortgages relating to cornwall mining services limited. Currently there are 0 open charges and 6 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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cornwall mining services limited Company Information

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cornwall mining services limited Estimated Valuation

cornwall mining services limited Estimated Valuation

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