Corbett Engineering Limited

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corbett engineering limited Company Information

Live

MatureSmallDeclining

Company Number

01448722

Website

http://celcat.com

Registered Address

suite 6 the gardens, coleshill manor office campus, coleshill, B46 1DL

Industry

Computer consultancy activities

Business and domestic software development

Telephone

02476469930

Next Accounts Due

September 2024

Group Structure

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Directors

Robert Turner1 Years

Luke Warren1 Years

View All

Shareholders

kinetic solutions limited 100%

corbett engineering limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of CORBETT ENGINEERING LIMITED at £1.9m based on a Turnover of £2.5m and 0.77x industry multiple (adjusted for size and gross margin).

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Corbett Engineering Limited is a live company located in coleshill, B46 1DL with a Companies House number of 01448722. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 1979, it's largest shareholder is kinetic solutions limited with a 100% stake. Corbett Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Corbett Engineering 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 Rating4out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £2.4m, make it larger than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.6%)

EXPORT

Corbett Engineering Limited's latest turnover from December 2022 is estimated at £2.5 million and the company has net assets of £1.3 million. According to their latest financial statements, Corbett Engineering Limited has 41 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	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	2,478,413	2,389,948	2,195,735	2,521,432	2,679,757	2,833,352	3,283,758	3,523,339	3,656,049	2,843,514	3,970,563	2,538,451	3,628,341	2,777,908
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,019,959	962,322	868,655	928,928	955,155	995,279	1,123,235	1,154,059	1,197,243	886,341	1,160,208	767,393	1,078,882	873,869
Gross Profit	1,458,454	1,427,626	1,327,080	1,592,504	1,724,602	1,838,074	2,160,523	2,369,280	2,458,806	1,957,173	2,810,355	1,771,058	2,549,459	1,904,038
Admin Expenses	1,780,952	1,244,811	1,135,314	1,552,432	1,772,835	1,760,530	2,018,943	2,335,801	1,983,274	1,774,406	2,858,591	1,688,752	2,341,098	1,211,515
Operating Profit	-322,498	182,815	191,766	40,072	-48,233	77,544	141,580	33,479	475,532	182,767	-48,236	82,306	208,361	692,523
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	63,127	13,482	1,550	1,469	11,252	7,052	3,263	6,491	6,263	5,185	4,229	3,434	2,527	990
Pre-Tax Profit	-259,371	196,298	193,316	41,541	-36,981	84,596	144,843	39,970	481,795	187,952	-44,007	85,741	210,888	693,513
Tax	0	-37,297	-36,730	-7,893	0	-16,073	-28,968	-7,994	-101,177	-43,229	0	-22,293	-59,048	-194,183
Profit After Tax	-259,371	159,001	156,586	33,648	-36,981	68,523	115,874	31,976	380,618	144,723	-44,007	63,448	151,839	499,329
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-259,371	159,001	156,586	33,648	-36,981	68,523	115,874	31,976	380,618	144,723	-44,007	63,448	151,839	499,329
Employee Costs	2,534,562	2,294,098	2,044,719	2,122,178	2,441,030	2,197,734	2,229,615	2,228,474	1,669,846	1,322,863	1,807,599	1,164,344	1,639,068	1,325,368
Number Of Employees	41	42	40	41	43	40	40	40	30	24	34	22	32	26
EBITDA*	203,095	537,084	515,280	317,168	238,781	77,544	362,883	206,907	637,943	333,279	139,518	302,411	401,896	828,193

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	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	422,457	453,911	486,966	535,287	586,741	553,910	544,616	589,853	605,059	617,556	615,805	643,503	560,177	582,097
Intangible Assets	0	501,007	440,501	423,930	320,417	254,901	236,941	195,653	153,368	142,942	102,224	174,380	256,643	224,548
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	11,623	10,829	0	0	10,090	14,776	12,080	0	17,248	0
Total Fixed Assets	422,457	954,918	927,467	959,217	918,781	819,640	781,557	785,506	768,517	775,274	730,109	817,883	834,068	806,645
Stock & work in progress	0	935	935	935	935	935	935	935	1,107	1,326	614	1,179	1,113	302
Trade Debtors	173,157	206,940	203,888	299,863	286,589	408,054	514,639	502,907	599,008	416,704	607,954	382,007	570,339	413,543
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	94,524	90,630	109,929	94,433	88,171	58,769	211,110	163,915	0	0	0	0	0	0
Cash	1,888,434	1,876,419	1,718,849	1,380,671	1,557,259	1,443,396	1,377,379	1,232,906	1,363,638	1,141,637	932,467	758,959	614,819	395,960
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,156,115	2,174,924	2,033,601	1,775,902	1,932,954	1,911,154	2,104,063	1,900,663	1,963,753	1,559,667	1,541,035	1,142,145	1,186,271	809,805
total assets	2,578,572	3,129,842	2,961,068	2,735,119	2,851,735	2,730,794	2,885,620	2,686,169	2,732,270	2,334,941	2,271,144	1,960,028	2,020,339	1,616,450
Bank overdraft	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
Trade Creditors	22,571	20,845	31,341	29,065	33,377	43,876	52,318	47,720	1,497,213	1,477,941	1,568,196	1,200,639	1,314,526	1,067,359
Group/Directors Accounts	0	0	0	0	0	1,837	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,248,796	1,364,353	1,312,502	1,213,954	1,380,410	1,220,425	1,439,498	1,365,937	0	0	0	0	0	0
total current liabilities	1,271,367	1,385,198	1,343,843	1,243,019	1,413,787	1,266,138	1,491,816	1,413,657	1,497,213	1,477,941	1,568,196	1,200,639	1,314,526	1,067,359
loans	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
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	0	0	0	0	0	0	0	0
provisions	0	19,067	50,649	82,110	61,606	51,333	49,004	43,586	38,107	40,668	31,339	43,773	53,645	48,762
total long term liabilities	0	19,067	50,649	82,110	61,606	51,333	49,004	43,586	38,107	40,668	31,339	43,773	53,645	48,762
total liabilities	1,271,367	1,404,265	1,394,492	1,325,129	1,475,393	1,317,471	1,540,820	1,457,243	1,535,320	1,518,609	1,599,535	1,244,412	1,368,171	1,116,121
net assets	1,307,205	1,725,577	1,566,576	1,409,990	1,376,342	1,413,323	1,344,800	1,228,926	1,196,950	816,332	671,609	715,616	652,168	500,329
total shareholders funds	1,307,205	1,725,577	1,566,576	1,409,990	1,376,342	1,413,323	1,344,800	1,228,926	1,196,950	816,332	671,609	715,616	652,168	500,329

	Dec 2022	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	-322,498	182,815	191,766	40,072	-48,233	77,544	141,580	33,479	475,532	182,767	-48,236	82,306	208,361	692,523
Depreciation	24,586	38,448	43,676	57,794	66,771	0	59,975	63,751	69,638	62,437	62,602	60,689	58,166	59,971
Amortisation	501,007	315,821	279,838	219,302	220,243	0	161,328	109,677	92,773	88,075	125,152	159,416	135,369	75,699
Tax	0	-37,297	-36,730	-7,893	0	-16,073	-28,968	-7,994	-101,177	-43,229	0	-22,293	-59,048	-194,183
Stock	-935	0	0	0	0	0	0	-172	-219	712	-565	66	811	302
Debtors	-46,136	-16,247	-80,479	7,913	-91,269	-248,097	58,927	57,724	177,618	-188,554	238,027	-205,580	174,044	413,543
Creditors	-8,770	-10,496	2,276	-4,312	-10,499	-8,442	4,598	-1,449,493	19,272	-90,255	367,557	-113,887	247,167	1,067,359
Accruals and Deferred Income	-63,706	51,851	98,548	-166,456	159,985	-219,073	73,561	1,365,937	0	0	0	0	0	0
Deferred Taxes & Provisions	-50,649	-31,582	-31,461	20,504	10,273	2,329	5,418	5,479	-2,561	9,329	-12,434	-9,872	4,883	48,762
Cash flow from operations	127,041	525,807	628,392	151,098	489,809	84,382	358,565	63,284	376,078	396,966	257,179	361,873	420,043	1,336,286
Investing Activities
capital expenditure	-20,583	-381,720	-291,764	-329,155	-385,361	-27,254	-217,354	-200,507	-160,340	-192,981	-87,900	-221,168	-203,710	-942,315
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-20,583	-381,720	-291,764	-329,155	-385,361	-27,254	-217,354	-200,507	-160,340	-192,981	-87,900	-221,168	-203,710	-942,315
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-1,837	1,837	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	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	63,127	13,482	1,550	1,469	11,252	7,052	3,263	6,491	6,263	5,185	4,229	3,434	2,527	990
cash flow from financing	63,127	13,482	1,550	1,469	9,415	8,889	3,263	6,491	6,263	5,185	4,229	3,434	2,527	1,990
cash and cash equivalents
cash	169,585	157,570	338,178	-176,588	113,863	66,017	144,473	-130,732	222,001	209,170	173,508	144,140	218,859	395,960
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	169,585	157,570	338,178	-176,588	113,863	66,017	144,473	-130,732	222,001	209,170	173,508	144,140	218,859	395,960

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CORBETT ENGINEERING LIMITED group structure

Corbett Engineering Limited has no subsidiary companies.

Ultimate parent company

CONSTELLATION SOFTWARE INC

#0057346

KINETIC SOLUTIONS LIMITED

03169474

2 parents

CORBETT ENGINEERING LIMITED

01448722

CORBETT ENGINEERING LIMITED Shareholders

kinetic solutions limited

100%

Corbett Engineering Limited currently has 5 directors. The longest serving directors include Mr Robert Turner (Jan 2023) and Mr Luke Warren (Jan 2023).

officer	country	age	start	end	role
Mr Robert Turner	Northern Ireland	35 years	Jan 2023	-	Director
Mr Luke Warren	England	35 years	Jan 2023	-	Director
Mr Neil Jordan	England	45 years	Jan 2023	-	Director
Mr Craig Finch	England	41 years	Jan 2023	-	Director
Mr Brian Beattie		57 years	Jan 2023	-	Director

P&L

December 2022

turnover

2.5m

+13%

operating profit

-322.5k

gross margin

58.9%

-2.64%

turnover

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

Balance Sheet

December 2022

net assets

1.3m

-0.17%

total assets

2.6m

-0.13%

cash

1.9m

+0.1%

net assets

Total assets minus all liabilities

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company number

01448722

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

62012 - Business and domestic software development

incorporation date

September 1979

accounts

Total Exemption Full

ultimate parent company

CONSTELLATION SOFTWARE INC

previous names

N/A

last accounts submitted

December 2022

address

suite 6 the gardens, coleshill manor office campus, coleshill, B46 1DL

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 1 charges/mortgages relating to corbett engineering limited. Currently there are 0 open charges and 1 have been satisfied in the past.

corbett engineering limited Company Information

corbett engineering limited Estimated Valuation

corbett engineering limited Estimated Valuation

corbett engineering limited Estimated Valuation

Corbett Engineering Limited Overview

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CORBETT ENGINEERING LIMITED financials

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