corniche construction ltd
corniche construction ltd Company Information
Company Number
01878963
Next Accounts
657 days late
Shareholders
michael graham smith
marc edward smith
Group Structure
View All
Industry
Construction of commercial buildings
+3Registered Address
4th floor fountain precinct, leopold street, sheffield, S1 2JA
Website
www.cornicheltd.comcorniche construction ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNICHE CONSTRUCTION LTD at £3.7m based on a Turnover of £8.5m and 0.44x industry multiple (adjusted for size and gross margin).
corniche construction ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNICHE CONSTRUCTION LTD at £242.1k based on an EBITDA of £60k and a 4.04x industry multiple (adjusted for size and gross margin).
corniche construction ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNICHE CONSTRUCTION LTD at £1m based on Net Assets of £651.8k and 1.6x industry multiple (adjusted for liquidity).
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Corniche Construction Ltd Overview
Corniche Construction Ltd is a live company located in sheffield, S1 2JA with a Companies House number of 01878963. It operates in the development of building projects sector, SIC Code 41100. Founded in January 1985, it's largest shareholder is michael graham smith with a 60% stake. Corniche Construction Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £8.5m with high growth in recent years.
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Corniche Construction Ltd Health Check
Pomanda's financial health check has awarded Corniche Construction Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £8.5m, make it larger than the average company (£4.2m)
- Corniche Construction Ltd
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (1.2%)
- Corniche Construction Ltd
1.2% - Industry AVG
Production
with a gross margin of 20.2%, this company has a comparable cost of product (20.2%)
- Corniche Construction Ltd
20.2% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (6.1%)
- Corniche Construction Ltd
6.1% - Industry AVG
Employees
with 19 employees, this is similar to the industry average (19)
19 - Corniche Construction Ltd
19 - Industry AVG
Pay Structure
on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)
- Corniche Construction Ltd
£43.6k - Industry AVG
Efficiency
resulting in sales per employee of £446.2k, this is more efficient (£227k)
- Corniche Construction Ltd
£227k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (42 days)
- Corniche Construction Ltd
42 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (37 days)
- Corniche Construction Ltd
37 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (120 days)
- Corniche Construction Ltd
120 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (21 weeks)
12 weeks - Corniche Construction Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.3%, this is a similar level of debt than the average (70.8%)
74.3% - Corniche Construction Ltd
70.8% - Industry AVG
CORNICHE CONSTRUCTION LTD financials
Corniche Construction Ltd's latest turnover from September 2021 is estimated at £8.5 million and the company has net assets of £651.8 thousand. According to their latest financial statements, Corniche Construction Ltd has 19 employees and maintains cash reserves of £447.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 19 | 15 | 14 | 18 | 18 | 19 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,455 | 18,594 | 21,646 | 27,884 | 31,455 | 26,249 | 23,379 | 17,220 | 22,597 | 24,773 | 30,500 | 15,366 | 21,605 |
| Intangible Assets | |||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 20,455 | 18,594 | 21,646 | 27,884 | 31,455 | 26,249 | 23,379 | 17,220 | 22,597 | 24,773 | 30,500 | 15,366 | 21,605 |
| Stock & work in progress | 10,000 | 10,000 | 10,000 | 217,950 | 205,150 | 172,567 | 137,277 | 305,861 | 177,066 | 121,952 | 247,230 | 160,900 | 113,225 |
| Trade Debtors | 1,640,201 | 1,719,691 | 1,041,835 | 611,832 | 300,282 | 843,616 | 333,833 | 294,049 | 287,888 | 450,726 | 721,835 | 255,780 | 267,628 |
| Group Debtors | |||||||||||||
| Misc Debtors | 421,195 | 136,424 | 216,789 | 145,213 | 147,372 | 139,469 | |||||||
| Cash | 447,861 | 200,295 | 62,113 | 246,987 | 335,615 | 34,126 | 319,538 | 132,432 | 145,761 | 257,536 | 173,846 | 1 | 132,473 |
| misc current assets | |||||||||||||
| total current assets | 2,519,257 | 2,066,410 | 1,330,737 | 1,221,982 | 988,419 | 1,189,778 | 790,648 | 732,342 | 610,715 | 830,214 | 1,142,911 | 416,681 | 513,326 |
| total assets | 2,539,712 | 2,085,004 | 1,352,383 | 1,249,866 | 1,019,874 | 1,216,027 | 814,027 | 749,562 | 633,312 | 854,987 | 1,173,411 | 432,047 | 534,931 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 1,126,530 | 614,380 | 594,313 | 584,016 | 455,125 | 684,628 | 596,829 | 592,302 | 435,409 | 677,213 | 1,012,620 | 290,088 | 318,279 |
| Group/Directors Accounts | |||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | 1,660 | 3,658 | 8,225 | 9,739 | 3,814 | ||||||||
| other current liabilities | 761,389 | 861,076 | 262,287 | 164,334 | 140,857 | 160,343 | |||||||
| total current liabilities | 1,887,919 | 1,477,116 | 860,258 | 756,575 | 605,721 | 848,785 | 596,829 | 592,302 | 435,409 | 677,213 | 1,012,620 | 290,088 | 318,279 |
| loans | |||||||||||||
| hp & lease commitments | 137 | 1,798 | 5,456 | 9,114 | 12,074 | 7,873 | |||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 3,253 | 8,131 | 425 | ||||||||||
| provisions | |||||||||||||
| total long term liabilities | 137 | 1,798 | 5,456 | 9,114 | 12,074 | 7,873 | 3,253 | 8,131 | 425 | ||||
| total liabilities | 1,887,919 | 1,477,253 | 862,056 | 762,031 | 614,835 | 860,859 | 604,702 | 592,302 | 435,409 | 680,466 | 1,020,751 | 290,088 | 318,704 |
| net assets | 651,793 | 607,751 | 490,327 | 487,835 | 405,039 | 355,168 | 209,325 | 157,260 | 197,903 | 174,521 | 152,660 | 141,959 | 216,227 |
| total shareholders funds | 651,793 | 607,751 | 490,327 | 487,835 | 405,039 | 355,168 | 209,325 | 157,260 | 197,903 | 174,521 | 152,660 | 141,959 | 216,227 |
| Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 5,912 | 8,412 | 8,874 | 9,613 | 10,101 | 7,395 | 5,372 | 6,597 | 6,584 | 8,283 | 7,596 | 6,650 | 7,912 |
| Amortisation | |||||||||||||
| Tax | |||||||||||||
| Stock | -207,950 | 12,800 | 32,583 | 35,290 | -168,584 | 128,795 | 55,114 | -125,278 | 86,330 | 47,675 | 113,225 | ||
| Debtors | 205,281 | 597,491 | 501,579 | 309,391 | -535,431 | 649,252 | 39,784 | 6,161 | -162,838 | -271,109 | 466,055 | -11,848 | 267,628 |
| Creditors | 512,150 | 20,067 | 10,297 | 128,891 | -229,503 | 87,799 | 4,527 | 156,893 | -241,804 | -335,407 | 722,532 | -28,191 | 318,279 |
| Accruals and Deferred Income | -99,687 | 598,789 | 97,953 | 23,477 | -19,486 | 160,343 | |||||||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | |||||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | -1,797 | -3,659 | -8,225 | -5,172 | 2,965 | 8,015 | 7,873 | ||||||
| other long term liabilities | -3,253 | -4,878 | 8,131 | -425 | 425 | ||||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 247,566 | 138,182 | -184,874 | -88,628 | 301,489 | -285,412 | 187,106 | -13,329 | -111,775 | 83,690 | 173,845 | -132,472 | 132,473 |
| overdraft | |||||||||||||
| change in cash | 247,566 | 138,182 | -184,874 | -88,628 | 301,489 | -285,412 | 187,106 | -13,329 | -111,775 | 83,690 | 173,845 | -132,472 | 132,473 |
corniche construction ltd Credit Report and Business Information
Corniche Construction Ltd Competitor Analysis
Perform a competitor analysis for corniche construction ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in S 1 area or any other competitors across 12 key performance metrics.
corniche construction ltd Ownership
CORNICHE CONSTRUCTION LTD group structure
Corniche Construction Ltd has no subsidiary companies.
Ultimate parent company
CORNICHE CONSTRUCTION LTD
01878963
corniche construction ltd directors
Corniche Construction Ltd currently has 2 directors. The longest serving directors include Mr Michael Smith (Dec 1991) and Mr Marc Smith (Jul 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Smith | England | 66 years | Dec 1991 | - | Director |
| Mr Marc Smith | 52 years | Jul 2000 | - | Director |
P&L
September 2021turnover
8.5m
+7%
operating profit
54k
0%
gross margin
20.3%
-2.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2021net assets
651.8k
+0.07%
total assets
2.5m
+0.22%
cash
447.9k
+1.24%
net assets
Total assets minus all liabilities
corniche construction ltd company details
company number
01878963
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
41202 - Construction of domestic buildings
41100 - Development of building projects
incorporation date
January 1985
age
40
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2021
previous names
corniche builders limited (June 2017)
grapehurst builders limited (June 1985)
accountant
JPS ACCOUNTANCY LIMITED
auditor
-
address
4th floor fountain precinct, leopold street, sheffield, S1 2JA
Bank
-
Legal Advisor
-
corniche construction ltd 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 1 charges/mortgages relating to corniche construction ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
corniche construction ltd Capital Raised & Share Issues BETA
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.
Click to start generating capital raising & share issue transactions for CORNICHE CONSTRUCTION LTD. This can take several minutes, an email will notify you when this has completed.
corniche construction ltd Companies House Filings - See Documents
| date | description | view/download |
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