carmelcrest limited Company Information
Company Number
01731918
Website
www.carmelcrest.comRegistered Address
suite 20, block h, peek business centre, bishop's stortford, CM23 5RG
Industry
Development of building projects
Telephone
01992718231
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
carmelcrest holdings ltd 100%
carmelcrest limited Estimated Valuation
Pomanda estimates the enterprise value of CARMELCREST LIMITED at £4.7m based on a Turnover of £10.2m and 0.47x industry multiple (adjusted for size and gross margin).
carmelcrest limited Estimated Valuation
Pomanda estimates the enterprise value of CARMELCREST LIMITED at £0 based on an EBITDA of £-1.3m and a 4.02x industry multiple (adjusted for size and gross margin).
carmelcrest limited Estimated Valuation
Pomanda estimates the enterprise value of CARMELCREST LIMITED at £2.7m based on Net Assets of £2.2m and 1.26x industry multiple (adjusted for liquidity).
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Carmelcrest Limited Overview
Carmelcrest Limited is a live company located in bishop's stortford, CM23 5RG with a Companies House number of 01731918. It operates in the development of building projects sector, SIC Code 41100. Founded in June 1983, it's largest shareholder is carmelcrest holdings ltd with a 100% stake. Carmelcrest Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.2m with high growth in recent years.
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Carmelcrest Limited Health Check
Pomanda's financial health check has awarded Carmelcrest Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £10.2m, make it larger than the average company (£2.4m)
- Carmelcrest Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (3%)
- Carmelcrest Limited
3% - Industry AVG
Production
with a gross margin of 26%, this company has a comparable cost of product (26%)
- Carmelcrest Limited
26% - Industry AVG
Profitability
an operating margin of -13.5% make it less profitable than the average company (7.3%)
- Carmelcrest Limited
7.3% - Industry AVG
Employees
with 24 employees, this is above the industry average (6)
24 - Carmelcrest Limited
6 - Industry AVG
Pay Structure
on an average salary of £49.7k, the company has an equivalent pay structure (£49.7k)
- Carmelcrest Limited
£49.7k - Industry AVG
Efficiency
resulting in sales per employee of £424.4k, this is more efficient (£296.3k)
- Carmelcrest Limited
£296.3k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is later than average (26 days)
- Carmelcrest Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (30 days)
- Carmelcrest Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 56 days, this is less than average (168 days)
- Carmelcrest Limited
168 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (13 weeks)
25 weeks - Carmelcrest Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.5%, this is a lower level of debt than the average (73.5%)
57.5% - Carmelcrest Limited
73.5% - Industry AVG
carmelcrest limited Credit Report and Business Information
Carmelcrest Limited Competitor Analysis
Perform a competitor analysis for carmelcrest limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
carmelcrest limited Ownership
CARMELCREST LIMITED group structure
Carmelcrest Limited has no subsidiary companies.
Ultimate parent company
CARMELCREST LIMITED
01731918
carmelcrest limited directors
Carmelcrest Limited currently has 6 directors. The longest serving directors include Mr Raymond Spooner (Jan 1992) and Mr Benjamin Spooner (Jun 2014).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Raymond Spooner | England | 63 years | Jan 1992 | - | Director |
Mr Benjamin Spooner | England | 34 years | Jun 2014 | - | Director |
Mr Stephen Spooner | United Kingdom | 36 years | Jun 2014 | - | Director |
Mr Luke Spooner | England | 27 years | Feb 2019 | - | Director |
Mr Adam Spooner | United Kingdom | 32 years | Mar 2020 | - | Director |
Mr Alexander Spooner | United Kingdom | 22 years | Mar 2020 | - | Director |
CARMELCREST LIMITED financials
Carmelcrest Limited's latest turnover from August 2023 is estimated at £10.2 million and the company has net assets of £2.2 million. According to their latest financial statements, Carmelcrest Limited has 24 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 5,764,771 | 3,786,845 | 4,118,625 | 2,677,146 | 2,191,714 | 2,499,624 | |||||||||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
Cost Of Sales | 4,698,230 | 3,089,890 | 3,145,418 | 2,165,346 | 1,802,171 | 2,096,185 | |||||||||
Gross Profit | 1,066,541 | 696,955 | 973,207 | 511,800 | 389,543 | 403,439 | |||||||||
Admin Expenses | 651,400 | 530,550 | 534,054 | 275,955 | 310,990 | 327,586 | |||||||||
Operating Profit | 415,141 | 166,405 | 439,153 | 235,845 | 78,553 | 75,853 | |||||||||
Interest Payable | 17,607 | 22,818 | 25,985 | 7,671 | 10,009 | 13,665 | |||||||||
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Pre-Tax Profit | 569,500 | 143,587 | 417,961 | 228,174 | 68,544 | 62,188 | |||||||||
Tax | -101,968 | -22,447 | -89,145 | -46,268 | -17,137 | 0 | -15,401 | ||||||||
Profit After Tax | 467,532 | 121,140 | 328,816 | 181,906 | 51,407 | 0 | 46,787 | ||||||||
Dividends Paid | 360,862 | 84,183 | 105,192 | 89,128 | 75,293 | 0 | 105,003 | ||||||||
Retained Profit | 106,670 | 36,957 | 223,624 | 92,778 | -23,886 | 0 | -58,216 | ||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 24 | 24 | 24 | 20 | 20 | ||||||||||
EBITDA* | 435,946 | 179,895 | 448,146 | 246,089 | 90,423 | 85,805 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 142,513 | 146,646 | 105,353 | 449,465 | 431,879 | 433,927 | 1,056,250 | 648,994 | 646,908 | 648,592 | 618,803 | 31,030 | 35,612 | 32,859 | 21,980 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,200 | 24,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 495,000 | 495,000 | 495,000 | 495,000 | 495,000 | 495,000 |
Debtors (Due After 1 year) | 0 | 0 | 2,700 | 2,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 142,513 | 146,646 | 108,053 | 452,165 | 431,879 | 433,927 | 1,056,250 | 668,194 | 670,908 | 1,143,592 | 1,113,803 | 526,030 | 530,612 | 527,859 | 516,980 |
Stock & work in progress | 1,176,809 | 1,711,446 | 1,154,755 | 589,727 | 818,830 | 858,501 | 745,000 | 1,187,318 | 682,922 | 273,557 | 412,739 | 2,154 | 22,000 | 87,434 | 275,779 |
Trade Debtors | 1,139,504 | 1,227,007 | 498,454 | 534,304 | 850,760 | 924,252 | 1,628,942 | 929,166 | 1,135,736 | 1,052,937 | 1,322,095 | 569,663 | 551,411 | 274,184 | 353,941 |
Group Debtors | 15,305 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 1,204,740 | 2,022,028 | 1,384,079 | 1,186,882 | 1,162,187 | 363,192 | 0 | 0 | 30,584 | 27,781 | 30,201 | 9,895 | 26,503 | 0 | 12,069 |
Cash | 1,380,440 | 1,672,941 | 1,669,012 | 1,760,559 | 523,846 | 842,160 | 469,594 | 1,002,332 | 363,866 | 277,551 | 151,677 | 224,956 | 35,834 | 51,094 | 109,895 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 4,916,798 | 6,633,422 | 4,706,300 | 4,071,472 | 3,355,623 | 2,988,105 | 2,843,536 | 3,118,816 | 2,213,108 | 1,631,826 | 1,916,712 | 806,668 | 635,748 | 412,712 | 751,684 |
total assets | 5,059,311 | 6,780,068 | 4,814,353 | 4,523,637 | 3,787,502 | 3,422,032 | 3,899,786 | 3,787,010 | 2,884,016 | 2,775,418 | 3,030,515 | 1,332,698 | 1,166,360 | 940,571 | 1,268,664 |
Bank overdraft | 0 | 0 | 0 | 1,704 | 0 | 79,790 | 79,790 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,144,301 | 1,424,270 | 882,371 | 750,726 | 1,082,413 | 1,008,335 | 1,008,335 | 2,718,101 | 939,236 | 838,792 | 909,210 | 500,826 | 340,558 | 469,963 | 474,573 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 1,697,613 | 1,856,774 | 1,100,119 | 1,010,091 | 1,013,723 | 1,000,076 | 1,251,930 | 0 | 953,907 | 692,908 | 902,256 | 302,160 | 384,435 | 0 | 303,122 |
total current liabilities | 2,841,914 | 3,281,044 | 1,982,490 | 1,762,521 | 2,096,136 | 2,088,201 | 2,340,055 | 2,718,101 | 1,893,143 | 1,531,700 | 1,811,466 | 802,986 | 724,993 | 469,963 | 777,695 |
loans | 0 | 0 | 0 | 602,317 | 215,606 | 204,828 | 684,669 | 0 | 459,645 | 593,679 | 605,967 | 140,254 | 144,687 | 0 | 151,500 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 9,173 | 9,173 | 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 | 0 |
other liabilities | 35,203 | 48,309 | 15,660 | 26,700 | 0 | 0 | 0 | 452,789 | 0 | 0 | 0 | 0 | 0 | 150,040 | 0 |
provisions | 29,872 | 0 | 4,740 | 4,740 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 65,075 | 48,309 | 20,400 | 633,757 | 215,606 | 214,001 | 693,842 | 452,789 | 459,645 | 593,679 | 605,967 | 140,254 | 144,687 | 150,040 | 151,500 |
total liabilities | 2,906,989 | 3,329,353 | 2,002,890 | 2,396,278 | 2,311,742 | 2,302,202 | 3,033,897 | 3,170,890 | 2,352,788 | 2,125,379 | 2,417,433 | 943,240 | 869,680 | 620,003 | 929,195 |
net assets | 2,152,322 | 3,450,715 | 2,811,463 | 2,127,359 | 1,475,760 | 1,119,830 | 865,889 | 616,120 | 531,228 | 650,039 | 613,082 | 389,458 | 296,680 | 320,568 | 339,469 |
total shareholders funds | 2,152,322 | 3,450,715 | 2,811,463 | 2,127,359 | 1,475,760 | 1,119,830 | 865,889 | 616,120 | 531,228 | 650,039 | 613,082 | 389,458 | 296,680 | 320,568 | 339,469 |
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 415,141 | 166,405 | 439,153 | 235,845 | 78,553 | 75,853 | |||||||||
Depreciation | 44,785 | 39,455 | 13,744 | 3,059 | 16,020 | 16,356 | 20,805 | 13,490 | 8,993 | 10,244 | 11,870 | 10,953 | 9,952 | ||
Amortisation | 0 | 0 | 0 | 0 | 0 | 19,200 | 4,800 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | -101,968 | -22,447 | -89,145 | -46,268 | -17,137 | 0 | -15,401 | ||||||||
Stock | -534,637 | 556,691 | 565,028 | -229,103 | -39,671 | 113,501 | -442,318 | 504,396 | 409,365 | -139,182 | 410,585 | -19,846 | -65,434 | -188,345 | 275,779 |
Debtors | -889,486 | 1,363,802 | 161,347 | -289,061 | 725,503 | -341,498 | 699,776 | -237,154 | 85,602 | -271,578 | 772,738 | 1,644 | 303,730 | -91,826 | 366,010 |
Creditors | -279,969 | 541,899 | 131,645 | -331,687 | 74,078 | 0 | -1,709,766 | 1,778,865 | 100,444 | -70,418 | 408,384 | 160,268 | -129,405 | -4,610 | 474,573 |
Accruals and Deferred Income | -159,161 | 756,655 | 90,028 | -3,632 | 13,647 | -251,854 | 1,251,930 | -953,907 | 260,999 | -209,348 | 600,096 | -82,275 | 384,435 | -303,122 | 303,122 |
Deferred Taxes & Provisions | 29,872 | -4,740 | 0 | 4,740 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 200,454 | 288,442 | 184,158 | 296,016 | 90,020 | 206,310 | |||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -495,000 | 0 | 0 | 0 | 0 | 0 | 495,000 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
Long term loans | 0 | 0 | -602,317 | 386,711 | 10,778 | -479,841 | 684,669 | -459,645 | -134,034 | -12,288 | 465,713 | -4,433 | 144,687 | -151,500 | 151,500 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -9,173 | 0 | 9,173 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -13,106 | 32,649 | -11,040 | 26,700 | 0 | 0 | -452,789 | 452,789 | 0 | 0 | 0 | 0 | -150,040 | 150,040 | 0 |
share issue | |||||||||||||||
interest | -17,607 | -22,818 | -25,985 | -7,671 | -10,009 | -13,665 | |||||||||
cash flow from financing | -377,122 | -35,106 | 439,728 | -12,104 | -15,364 | 535,520 | |||||||||
cash and cash equivalents | |||||||||||||||
cash | -292,501 | 3,929 | -91,547 | 1,236,713 | -318,314 | 372,566 | -532,738 | 638,466 | 86,315 | 125,874 | -73,279 | 189,122 | -15,260 | -58,801 | 109,895 |
overdraft | 0 | 0 | -1,704 | 1,704 | -79,790 | 0 | 79,790 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -292,501 | 3,929 | -89,843 | 1,235,009 | -238,524 | 372,566 | -612,528 | 638,466 | 86,315 | 125,874 | -73,279 | 189,122 | -15,260 | -58,801 | 109,895 |
P&L
August 2023turnover
10.2m
-2%
operating profit
-1.4m
0%
gross margin
26%
+6.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
2.2m
-0.38%
total assets
5.1m
-0.25%
cash
1.4m
-0.17%
net assets
Total assets minus all liabilities
carmelcrest limited company details
company number
01731918
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 1983
age
41
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
suite 20, block h, peek business centre, bishop's stortford, CM23 5RG
last accounts submitted
August 2023
carmelcrest 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 12 charges/mortgages relating to carmelcrest limited. Currently there are 0 open charges and 12 have been satisfied in the past.
carmelcrest limited Companies House Filings - See Documents
date | description | view/download |
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