Cornerstone Supplies Limited

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cornerstone supplies limited Company Information

Live

MatureSmallDeclining

Company Number

01854182

Website

www.abbeydaledirect.co.uk

Registered Address

the hart shaw building, europa link, sheffield, S9 1XU

Industry

Wholesale of other intermediate products

Telephone

01335347788

Next Accounts Due

December 2024

Group Structure

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Directors

Karen Brownsey25 Years

David Brownsey5 Years

Shareholders

karen ann brownsey 99%

david brownsey 1%

cornerstone supplies limited Estimated Valuation

£869.3k

Pomanda estimates the enterprise value of CORNERSTONE SUPPLIES LIMITED at £869.3k based on a Turnover of £2.2m and 0.4x industry multiple (adjusted for size and gross margin).

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Cornerstone Supplies Limited is a live company located in sheffield, S9 1XU with a Companies House number of 01854182. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in October 1984, it's largest shareholder is karen ann brownsey with a 99% stake. Cornerstone Supplies Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Cornerstone Supplies Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£15.5m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.6%)

EXPORT

Cornerstone Supplies Limited's latest turnover from March 2023 is estimated at £2.2 million and the company has net assets of £264.4 thousand. According to their latest financial statements, Cornerstone Supplies Limited has 12 employees and maintains cash reserves of £43.9 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	2,154,641	2,242,167	3,005,237	2,173,256	2,289,953	1,881,645	1,597,581	1,010,161	867,297	775,995	671,918	689,771	819,495	552,725
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,606,219	1,662,038	2,216,357	1,647,927	1,756,843	1,431,024	1,225,614	760,280	658,569	581,110	503,646	515,909	603,921	415,026
Gross Profit	548,422	580,129	788,880	525,329	533,109	450,621	371,966	249,881	208,729	194,885	168,272	173,862	215,574	137,699
Admin Expenses	629,356	696,259	701,981	409,492	518,565	459,100	369,598	212,772	121,002	123,877	93,457	129,555	217,899	75,347
Operating Profit	-80,934	-116,130	86,899	115,837	14,544	-8,479	2,368	37,109	87,727	71,008	74,815	44,307	-2,325	62,352
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,537	731	203	158	475	571	369	727	773	579	392	199	103	55
Pre-Tax Profit	-79,397	-115,399	87,101	115,995	15,019	-7,908	2,738	37,835	88,500	71,587	75,207	44,505	-2,222	62,407
Tax	0	0	-16,549	-22,039	-2,854	0	-547	-7,567	-18,585	-16,465	-18,050	-11,571	0	-17,474
Profit After Tax	-79,397	-115,399	70,552	93,956	12,165	-7,908	2,190	30,268	69,915	55,122	57,157	32,934	-2,222	44,933
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-79,397	-115,399	70,552	93,956	12,165	-7,908	2,190	30,268	69,915	55,122	57,157	32,934	-2,222	44,933
Employee Costs	541,942	614,887	626,149	544,110	521,330	436,839	258,448	150,876	112,137	107,727	103,338	104,478	103,509	66,489
Number Of Employees	12	14	15	13	13	11	7	4	3	3	3	3	3	2
EBITDA*	-60,541	-100,562	102,247	132,267	32,417	5,490	19,080	46,936	95,275	80,874	80,097	49,463	5,660	67,188

* 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	130,427	84,050	75,289	61,893	63,173	53,409	63,250	39,173	29,597	30,485	20,887	24,318	28,909	32,852
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	130,428	84,051	75,290	61,894	63,174	53,410	63,251	39,174	29,598	30,486	20,888	24,319	28,910	32,853
Stock & work in progress	374,199	422,504	510,857	315,660	394,783	371,278	225,262	158,774	120,943	112,889	81,206	126,411	120,117	65,208
Trade Debtors	77,390	102,531	265,959	201,354	180,899	138,799	213,116	195,681	165,110	141,347	133,035	97,890	139,335	110,289
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	29,750	60,557	44,382	34,683	0	0	0	0	0	0	0	0	0	0
Cash	43,860	28,465	166,567	238,424	77,206	49,426	178,841	116,441	174,158	135,061	96,484	60,336	19,166	21,930
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	525,199	614,057	987,765	790,121	652,888	559,503	617,219	470,896	460,211	389,297	310,725	284,637	278,618	197,427
total assets	655,627	698,108	1,063,055	852,015	716,062	612,913	680,470	510,070	489,809	419,783	331,613	308,956	307,528	230,280
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	336,040	308,105	481,881	236,938	361,507	266,067	325,717	157,507	167,514	167,403	134,355	168,855	200,361	108,204
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	11,984
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	55,220	34,239	107,911	166,566	0	0	0	0	0	0	0	0	0	0
total current liabilities	391,260	342,344	589,792	403,504	361,507	266,067	325,717	157,507	167,514	167,403	134,355	168,855	200,361	120,188
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	12,000	14,100	0	0	4,456	4,456	4,456	4,456	4,456	4,456	4,456	4,456	5,159
total long term liabilities	0	12,000	14,100	0	0	4,456	4,456	4,456	4,456	4,456	4,456	4,456	4,456	5,159
total liabilities	391,260	354,344	603,892	403,504	361,507	270,523	330,173	161,963	171,970	171,859	138,811	173,311	204,817	125,347
net assets	264,367	343,764	459,163	448,511	354,555	342,390	350,297	348,107	317,839	247,924	192,802	135,645	102,711	104,933
total shareholders funds	264,367	343,764	459,163	448,511	354,555	342,390	350,297	348,107	317,839	247,924	192,802	135,645	102,711	104,933

	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	-80,934	-116,130	86,899	115,837	14,544	-8,479	2,368	37,109	87,727	71,008	74,815	44,307	-2,325	62,352
Depreciation	20,393	15,568	15,348	16,430	17,873	13,969	16,712	9,827	7,548	9,866	5,282	5,156	7,985	4,836
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-16,549	-22,039	-2,854	0	-547	-7,567	-18,585	-16,465	-18,050	-11,571	0	-17,474
Stock	-48,305	-88,353	195,197	-79,123	23,505	146,016	66,488	37,831	8,054	31,683	-45,205	6,294	54,909	65,208
Debtors	-55,948	-147,253	74,304	55,138	42,100	-74,317	17,435	30,571	23,763	8,312	35,145	-41,445	29,046	110,289
Creditors	27,935	-173,776	244,943	-124,569	95,440	-59,650	168,210	-10,007	111	33,048	-34,500	-31,506	92,157	108,204
Accruals and Deferred Income	20,981	-73,672	-58,655	166,566	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-12,000	-2,100	14,100	0	-4,456	0	0	0	0	0	0	0	-703	5,159
Cash flow from operations	80,628	-114,504	16,585	176,210	54,942	-125,859	102,820	-39,040	44,984	57,462	37,607	41,537	13,159	-12,420
Investing Activities
capital expenditure	-66,770	-24,329	-28,744	-15,150	-27,637	-4,128	-40,789	-19,403	-6,660	-19,464	-1,851	-565	-4,042	-37,688
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	1
cash flow from investments	-66,770	-24,329	-28,744	-15,150	-27,637	-4,128	-40,789	-19,403	-6,660	-19,464	-1,851	-565	-4,042	-37,689
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	0	0	0	0	0	0	0	0	-11,984	11,984
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	-59,900	0	0	1	0	0	0	0	0	0	0	60,000
interest	1,537	731	203	158	475	571	369	727	773	579	392	199	103	55
cash flow from financing	1,537	731	-59,697	158	475	572	369	727	773	579	392	199	-11,881	72,039
cash and cash equivalents
cash	15,395	-138,102	-71,857	161,218	27,780	-129,415	62,400	-57,717	39,097	38,577	36,148	41,170	-2,764	21,930
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	15,395	-138,102	-71,857	161,218	27,780	-129,415	62,400	-57,717	39,097	38,577	36,148	41,170	-2,764	21,930

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for cornerstone supplies limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in S 9 area or any other competitors across 12 key performance metrics.

CORNERSTONE SUPPLIES LIMITED group structure

Cornerstone Supplies Limited has 1 subsidiary company.

Ultimate parent company

CORNERSTONE SUPPLIES LIMITED

01854182

1 subsidiary

ABBEYDALE DIRECT LIMITED

04426519

CORNERSTONE SUPPLIES LIMITED Shareholders

karen ann brownsey	99.01%
david brownsey	0.99%

Cornerstone Supplies Limited currently has 2 directors. The longest serving directors include Mrs Karen Brownsey (Mar 1999) and Mr David Brownsey (Feb 2019).

officer	country	age	start	end	role
Mrs Karen Brownsey	United Kingdom	63 years	Mar 1999	-	Director
Mr David Brownsey	United Kingdom	35 years	Feb 2019	-	Director

P&L

March 2023

turnover

2.2m

-4%

operating profit

-80.9k

gross margin

25.5%

-1.63%

turnover

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

Balance Sheet

March 2023

net assets

264.4k

-0.23%

total assets

655.6k

-0.06%

cash

43.9k

+0.54%

net assets

Total assets minus all liabilities

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company number

01854182

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

incorporation date

October 1984

accounts

Total Exemption Full

ultimate parent company

None

previous names

pyro holdings limited (June 1997)

last accounts submitted

March 2023

address

the hart shaw building, europa link, sheffield, S9 1XU

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 cornerstone supplies limited. Currently there are 0 open charges and 1 have been satisfied in the past.

cornerstone supplies limited Company Information

cornerstone supplies limited Estimated Valuation

cornerstone supplies limited Estimated Valuation

cornerstone supplies limited Estimated Valuation

Cornerstone Supplies Limited Overview

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CORNERSTONE SUPPLIES LIMITED financials

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