creative kernow limited
creative kernow limited Company Information
Company Number
01727731
Website
http://krowji.org.ukRegistered Address
krowji west park, redruth, cornwall, TR15 3AJ
Industry
Cultural education
Operation of arts facilities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
creative kernow limited Estimated Valuation
Pomanda estimates the enterprise value of CREATIVE KERNOW LIMITED at £2m based on a Turnover of £3.7m and 0.53x industry multiple (adjusted for size and gross margin).
creative kernow limited Estimated Valuation
Pomanda estimates the enterprise value of CREATIVE KERNOW LIMITED at £3.2m based on an EBITDA of £910.5k and a 3.48x industry multiple (adjusted for size and gross margin).
creative kernow limited Estimated Valuation
Pomanda estimates the enterprise value of CREATIVE KERNOW LIMITED at £3m based on Net Assets of £1.4m and 2.17x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Creative Kernow Limited Overview
Creative Kernow Limited is a live company located in cornwall, TR15 3AJ with a Companies House number of 01727731. It operates in the cultural education sector, SIC Code 85520. Founded in May 1983, it's largest shareholder is unknown. Creative Kernow Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Creative Kernow Limited Health Check
Pomanda's financial health check has awarded Creative Kernow Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £3.7m, make it larger than the average company (£351k)
£3.7m - Creative Kernow Limited
£351k - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (2.5%)
24% - Creative Kernow Limited
2.5% - Industry AVG
Production
with a gross margin of 54.4%, this company has a comparable cost of product (54.4%)
54.4% - Creative Kernow Limited
54.4% - Industry AVG
Profitability
an operating margin of 21% make it more profitable than the average company (4.2%)
21% - Creative Kernow Limited
4.2% - Industry AVG
Employees
with 37 employees, this is above the industry average (7)
37 - Creative Kernow Limited
7 - Industry AVG
Pay Structure
on an average salary of £27.6k, the company has an equivalent pay structure (£24.2k)
£27.6k - Creative Kernow Limited
£24.2k - Industry AVG
Efficiency
resulting in sales per employee of £99.3k, this is more efficient (£59.2k)
£99.3k - Creative Kernow Limited
£59.2k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (12 days)
55 days - Creative Kernow Limited
12 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (26 days)
21 days - Creative Kernow Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Creative Kernow Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is less cash available to meet short term requirements (135 weeks)
52 weeks - Creative Kernow Limited
135 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.3%, this is a higher level of debt than the average (21.8%)
79.3% - Creative Kernow Limited
21.8% - Industry AVG
CREATIVE KERNOW LIMITED financials
Creative Kernow Limited's latest turnover from March 2023 is £3.7 million and the company has net assets of £1.4 million. According to their latest financial statements, Creative Kernow Limited has 37 employees and maintains cash reserves of £974.2 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,675,571 | 3,118,703 | 2,486,419 | 1,941,963 | 2,285,403 | 2,015,087 | 1,287,631 | 1,107,890 | 1,010,240 | 817,463 | 652,292 | 665,161 | 1,217,655 | 1,105,029 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 5,378 | 123 | 9,562 | 10,239 | 13,104 | 10,985 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 543,628 | 84,887 | 175,361 | -17,956 | -27,524 | 94,483 | 11,146 | 9,980 | 135,471 | 31,819 | -29,194 | 31,506 | 102,376 | -718 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 543,628 | 84,887 | 175,361 | -17,956 | -27,524 | 94,483 | 11,146 | 9,980 | 135,471 | 31,819 | -29,194 | 31,506 | 102,376 | -718 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 543,628 | 84,887 | 175,361 | -17,956 | -27,524 | 94,483 | 11,146 | 9,980 | 135,471 | 31,819 | -29,194 | 31,506 | 102,376 | -718 |
| Employee Costs | 1,022,654 | 1,072,430 | 958,107 | 849,346 | 794,874 | 709,174 | 468,747 | 429,488 | 358,131 | 266,755 | 243,903 | 238,571 | 357,904 | 333,561 |
| Number Of Employees | 37 | 39 | 35 | 37 | 35 | 34 | 24 | 15 | 15 | 8 | 7 | 7 | 9 | 10 |
| EBITDA* |
* 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,060,688 | 5,187,104 | 5,312,485 | 4,140,912 | 3,580,884 | 3,657,640 | 3,745,862 | 3,832,177 | 3,136,261 | 852,800 | 299,496 | 301,300 | 298,748 | 302,059 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 2,000 | 4,000 | 6,000 | 8,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 100 | 100 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,060,688 | 5,187,104 | 5,312,485 | 4,140,912 | 3,580,884 | 3,659,640 | 3,749,862 | 3,838,177 | 3,144,261 | 852,900 | 299,596 | 301,400 | 298,748 | 302,059 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 561,236 | 504,233 | 18,068 | 64,853 | 16,016 | 378,711 | 241,943 | 36,782 | 21,714 | 20,665 | 21,426 | 13,239 | 58,939 | 126,964 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 107,217 | 47,541 | 799,843 | 602,606 | 406,520 | 56,603 | 36,204 | 289,607 | 461,677 | 265,910 | 470,769 | 406,323 | 367,506 | 278,645 |
| Cash | 974,161 | 749,682 | 405,289 | 447,393 | 133,189 | 353,174 | 367,869 | 91,437 | 74,945 | 26,773 | 82,607 | 152,537 | 146,458 | 110,350 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,642,614 | 1,301,456 | 1,223,200 | 1,114,852 | 555,725 | 788,488 | 646,016 | 417,826 | 558,336 | 313,348 | 574,802 | 572,099 | 572,903 | 515,959 |
| total assets | 6,703,302 | 6,488,560 | 6,535,685 | 5,255,764 | 4,136,609 | 4,448,128 | 4,395,878 | 4,256,003 | 3,702,597 | 1,166,248 | 874,398 | 873,499 | 871,651 | 818,018 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 49,029 | 55,436 | 53,800 | 52,232 | 49,503 | 49,095 | 47,646 | 37,651 | 15,994 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 100,227 | 125,835 | 29,802 | 18,814 | 30,718 | 38,797 | 29,085 | 26,550 | 450,011 | 89,449 | 37,799 | 13,036 | 18,571 | 70,426 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 100 | 100 | 100 | 0 | 0 |
| other short term finances | 400,000 | 400,000 | 500,000 | 300,000 | 0 | 150,000 | 0 | 0 | 0 | 0 | 8,267 | 7,786 | 7,309 | 11,253 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 408,182 | 603,363 | 513,289 | 705,334 | 347,309 | 454,462 | 423,522 | 212,045 | 180,704 | 94,302 | 265,494 | 252,378 | 269,292 | 253,126 |
| total current liabilities | 957,438 | 1,184,634 | 1,096,891 | 1,076,380 | 428,530 | 692,354 | 500,253 | 276,246 | 646,709 | 183,851 | 311,660 | 273,300 | 295,172 | 334,805 |
| loans | 879,635 | 922,257 | 977,693 | 1,031,493 | 1,133,725 | 1,132,553 | 1,324,088 | 1,366,874 | 995,935 | 50,000 | 144,228 | 152,495 | 160,281 | 169,391 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 3,427,526 | 3,519,552 | 3,611,581 | 2,476,857 | 1,877,376 | 1,907,224 | 1,957,864 | 2,010,030 | 1,453,958 | 457,359 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 50,830 | 17,872 | 11,483 | 8,358 | 16,346 | 7,841 | 0 | 326 | 13,448 | 24,709 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,357,991 | 4,459,681 | 4,600,757 | 3,516,708 | 3,027,447 | 3,047,618 | 3,281,952 | 3,377,230 | 2,463,341 | 532,068 | 144,228 | 152,495 | 160,281 | 169,391 |
| total liabilities | 5,315,429 | 5,644,315 | 5,697,648 | 4,593,088 | 3,455,977 | 3,739,972 | 3,782,205 | 3,653,476 | 3,110,050 | 715,919 | 455,888 | 425,795 | 455,453 | 504,196 |
| net assets | 1,387,873 | 844,245 | 838,037 | 662,676 | 680,632 | 708,156 | 613,673 | 602,527 | 592,547 | 450,329 | 418,510 | 447,704 | 416,198 | 313,822 |
| total shareholders funds | 1,387,873 | 844,245 | 838,037 | 662,676 | 680,632 | 708,156 | 613,673 | 602,527 | 592,547 | 450,329 | 418,510 | 447,704 | 416,198 | 313,822 |
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 137,260 | 135,779 | 105,867 | 91,744 | 97,559 | 93,290 | 93,273 | 78,145 | 6,079 | 4,422 | 2,505 | 2,564 | 2,809 | 3,821 |
| Amortisation | 0 | 0 | 0 | 0 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 116,679 | -266,137 | 150,452 | 244,923 | -12,778 | 157,167 | -48,242 | -157,002 | 196,816 | -205,620 | 72,633 | -6,883 | 426,445 | 405,609 |
| Creditors | -25,608 | 96,033 | 10,988 | -11,904 | -8,079 | 9,712 | 2,535 | -423,461 | 360,562 | 51,650 | 24,763 | -5,535 | 18,571 | 70,426 |
| Accruals and Deferred Income | -287,207 | -1,955 | 942,679 | 957,506 | -137,001 | -19,700 | 159,311 | 587,413 | 1,083,001 | 286,167 | 13,116 | -16,914 | 269,292 | 253,126 |
| Deferred Taxes & Provisions | 32,958 | 6,389 | 3,125 | -7,988 | 8,505 | 7,841 | -326 | -13,122 | -11,261 | 24,709 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -5,068 | -6,958 | -769,394 | -2,299,440 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100 | 0 | 0 | 100 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -5,068 | -6,958 | -769,394 | -2,299,340 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | -6,407 | 1,636 | 1,568 | 2,729 | 408 | 1,449 | 9,995 | 21,657 | 15,994 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -1,000 | 1,000 | 0 | 0 | 0 | -100 | 0 | 0 | 100 | 0 | 0 |
| Other Short Term Loans | 0 | -100,000 | 200,000 | 300,000 | -150,000 | 150,000 | 0 | 0 | 0 | -8,267 | 481 | 477 | 7,309 | 11,253 |
| Long term loans | -42,622 | -55,436 | -53,800 | -102,232 | 1,172 | -191,535 | -42,786 | 370,939 | 945,935 | -94,228 | -8,267 | -7,786 | 160,281 | 169,391 |
| 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 | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | -5,378 | -123 | -9,562 | -10,239 | -13,104 | -10,985 | |||
| cash flow from financing | -49,029 | -232,479 | 147,768 | 199,497 | -147,420 | -45,464 | -32,914 | -17,348 | -17,448 | 468,308 | 484,199 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 224,479 | 344,393 | -42,104 | 314,204 | -219,985 | -14,695 | 276,432 | 16,492 | 48,172 | -55,834 | -69,930 | 6,079 | 146,458 | 110,350 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 224,479 | 344,393 | -42,104 | 314,204 | -219,985 | -14,695 | 276,432 | 16,492 | 48,172 | -55,834 | -69,930 | 6,079 | 146,458 | 110,350 |
creative kernow limited Credit Report and Business Information
Creative Kernow Limited Competitor Analysis
Perform a competitor analysis for creative kernow limited by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in TR15 area or any other competitors across 12 key performance metrics.
creative kernow limited Ownership
CREATIVE KERNOW LIMITED group structure
Creative Kernow Limited has 3 subsidiary companies.
Ultimate parent company
CREATIVE KERNOW LIMITED
01727731
3 subsidiaries
creative kernow limited directors
Creative Kernow Limited currently has 8 directors. The longest serving directors include Mr Ajay Chhabra (Jan 2021) and Ms Amanda Berry (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ajay Chhabra | England | 54 years | Jan 2021 | - | Director |
| Ms Amanda Berry | England | 70 years | Jan 2021 | - | Director |
| Ms Tamara Bedford | England | 65 years | Jan 2021 | - | Director |
| Mrs Hannah Irwin | England | 36 years | Mar 2022 | - | Director |
| Mr James Sculthorp-Wright | 31 years | Mar 2022 | - | Director | |
| Jonathan Bray | United Kingdom | 51 years | Mar 2022 | - | Director |
| Professor Paul Springer | United Kingdom | 57 years | Feb 2023 | - | Director |
| Mr Paul Brookes | 71 years | May 2023 | - | Director |
P&L
March 2023turnover
3.7m
+18%
operating profit
773.2k
0%
gross margin
54.5%
+4.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.4m
+0.64%
total assets
6.7m
+0.03%
cash
974.2k
+0.3%
net assets
Total assets minus all liabilities
creative kernow limited company details
company number
01727731
Type
Private Ltd By Guarantee w/o Share Cap
industry
90020 - Support activities to performing arts
85520 - Cultural education
90040 - Operation of arts facilities
incorporation date
May 1983
age
41
incorporated
UK
accounts
Group
ultimate parent company
previous names
cornwall arts centre trust truro limited (July 2015)
truro dance and theatre trust limited (April 1986)
last accounts submitted
March 2023
address
krowji west park, redruth, cornwall, TR15 3AJ
accountant
-
auditor
WALKER MOYLE LTD
creative kernow 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 did not find charges/mortgages relating to creative kernow limited.
creative kernow limited Companies House Filings - See Documents
| date | description | view/download |
|---|
