Carnforth Estates Limited

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carnforth estates limited Company Information

Live

MatureMicroDeclining

Company Number

02409699

Website

Registered Address

the holt aisholt, bridgwater, TA5 1AS

Industry

Renting and operating of Housing Association real estate

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Ruth Demenis33 Years

Shareholders

andrew stephen demenis 25%

michael david demenis 25%

View All

carnforth estates limited Estimated Valuation

£6.3m

Pomanda estimates the enterprise value of CARNFORTH ESTATES LIMITED at £6.3m based on Net Assets of £3.6m and 1.74x industry multiple (adjusted for liquidity).

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Carnforth Estates Limited is a live company located in bridgwater, TA5 1AS with a Companies House number of 02409699. It operates in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in July 1989, it's largest shareholder is andrew stephen demenis with a 25% stake. Carnforth Estates Limited is a mature, micro sized company, Pomanda has estimated its turnover at £144.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Carnforth Estates Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

2 Strong

4 Regular

3 Weak

Size

annual sales of £144.6k, make it smaller than the average company (£1.8m)

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (2.5%)

EXPORT

Carnforth Estates Limited's latest turnover from March 2023 is estimated at £144.6 thousand and the company has net assets of £3.6 million. According to their latest financial statements, Carnforth Estates Limited has 1 employee and maintains cash reserves of £210.5 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	Sep 2011	Sep 2010	Sep 2009
Turnover	144,631	141,804	139,790	376,584	416,433	415,717	323,042	414,492	690,496	787,698	1,380,757	4,259,894	5,720,912	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	61,821	62,698	49,171	112,877	122,685	117,093	85,570	130,742	265,710	307,358	439,680	1,113,484	1,524,941	0
Gross Profit	82,810	79,106	90,619	263,707	293,748	298,624	237,472	283,750	424,785	480,340	941,078	3,146,410	4,195,970	0
Admin Expenses	-317,732	670,503	-278,569	67,369	-69,106	-86,599	-114,949	-236,369	137,344	196,322	-741,764	3,093,837	4,187,716	-1,522,123
Operating Profit	400,542	-591,397	369,188	196,338	362,854	385,223	352,421	520,119	287,441	284,018	1,682,842	52,573	8,254	1,522,123
Interest Payable	79,494	75,535	71,723	76,341	104,211	126,352	141,270	132,705	117,468	60,992	0	64,545	30,091	6,041
Interest Receivable	4,990	656	190	218	1,262	606	231	504	435	206	91	585	438	0
Pre-Tax Profit	326,038	-666,275	297,656	120,215	259,905	259,477	211,383	387,919	170,409	223,231	1,682,933	-11,387	-21,400	1,516,082
Tax	-61,947	0	-56,555	-22,841	-49,382	-49,301	-42,276	-77,584	-35,786	-51,343	-403,904	0	0	-424,503
Profit After Tax	264,091	-666,275	241,101	97,374	210,523	210,176	169,106	310,335	134,623	171,888	1,279,029	-11,387	-21,400	1,091,579
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	264,091	-666,275	241,101	97,374	210,523	210,176	169,106	310,335	134,623	171,888	1,279,029	-11,387	-21,400	1,091,579
Employee Costs	36,080	35,083	34,135	32,115	31,129	27,852	27,600	28,308	140,417	163,500	275,000	722,109	1,028,997	0
Number Of Employees	1	1	1	1	1	1	1	1	5	6	10	31	40	0
EBITDA*	400,542	-591,397	369,188	196,338	362,854	385,223	352,421	520,119	287,441	284,018	1,682,842	52,573	8,254	1,522,123

* 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	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	5,062,000	5,492,000	5,225,000	5,225,000	5,369,466	5,369,466	5,369,466	5,369,466	5,369,466	5,369,466	2,758,323	2,758,323	1,550,000	1,550,000
Debtors (Due After 1 year)	1,352,256	1,287,863	1,226,536	1,168,130	1,112,505	1,150,528	1,104,436	1,050,996	1,032,715	1,018,715	663,215	0	0	0
Total Fixed Assets	6,414,256	6,779,863	6,451,536	6,393,130	6,481,971	6,519,994	6,473,902	6,420,462	6,402,181	6,388,181	3,421,538	2,758,323	1,550,000	1,550,000
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	22,792	26,626	29,070	25,022	36,424	24,402	34,757	95,649	327,432	379,183	25,681
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	20,000
Misc Debtors	96,004	101,322	84,612	4,252	10,885	11,008	11,743	5,905	0	0	0	0	0	302,000
Cash	210,469	24,364	150,683	229,942	205,916	130,688	111,708	73,420	128,253	45,898	36,341	58,970	175,137	6
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	306,473	125,686	235,295	256,986	243,427	170,766	148,473	115,749	152,655	80,655	131,990	386,402	554,320	347,687
total assets	6,720,729	6,905,549	6,686,831	6,650,116	6,725,398	6,690,760	6,622,375	6,536,211	6,554,836	6,468,836	3,553,528	3,144,725	2,104,320	1,897,687
Bank overdraft	0	0	71,115	77,026	0	0	0	0	0	0	0	0	0	0
Bank loan	19,244	276,972	0	0	91,809	186,431	180,718	166,651	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	456,162	445,388	359,113	230,291	124,881	0
Group/Directors Accounts	39,001	39,001	39,451	0	0	0	0	0	0	0	0	0	0	0
other short term finances	118,626	318,626	318,626	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	193,685	200,749	209,953	730,076	744,443	712,183	711,263	280,341	0	0	0	0	0	105,880
total current liabilities	370,556	835,348	639,145	807,102	836,252	898,614	891,981	446,992	456,162	445,388	359,113	230,291	124,881	105,880
loans	398,816	418,822	833,902	1,050,892	1,283,264	1,526,226	1,994,393	2,178,871	1,737,701	1,876,684	0	1,246,003	740,012	185,880
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	2,327,386	2,257,058	2,349,579	2,169,018	2,056,732	1,927,293	1,607,550	1,949,626	2,606,185	2,526,599	1,746,138	440,391	0	0
provisions	0	34,441	0	0	23,420	23,420	23,420	24,797	0	0	0	0	0	0
total long term liabilities	2,726,202	2,710,321	3,183,481	3,219,910	3,363,416	3,476,939	3,625,363	4,153,294	4,343,886	4,403,283	1,746,138	1,686,394	740,012	185,880
total liabilities	3,096,758	3,545,669	3,822,626	4,027,012	4,199,668	4,375,553	4,517,344	4,600,286	4,800,048	4,848,671	2,105,251	1,916,685	864,893	291,760
net assets	3,623,971	3,359,880	2,864,205	2,623,104	2,525,730	2,315,207	2,105,031	1,935,925	1,754,788	1,620,165	1,448,277	1,228,040	1,239,427	1,605,927
total shareholders funds	3,623,971	3,359,880	2,864,205	2,623,104	2,525,730	2,315,207	2,105,031	1,935,925	1,754,788	1,620,165	1,448,277	1,228,040	1,239,427	1,605,927

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	400,542	-591,397	369,188	196,338	362,854	385,223	352,421	520,119	287,441	284,018	1,682,842	52,573	8,254	1,522,123
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-61,947	0	-56,555	-22,841	-49,382	-49,301	-42,276	-77,584	-35,786	-51,343	-403,904	0	0	-424,503
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	59,075	78,037	115,974	45,158	-40,590	49,405	47,876	36,208	3,645	294,608	758,864	-51,751	31,502	347,681
Creditors	0	0	0	0	0	0	0	-456,162	10,774	86,275	359,113	105,410	124,881	0
Accruals and Deferred Income	-7,064	-9,204	-520,123	-14,367	32,260	920	430,922	280,341	0	0	0	0	-105,880	105,880
Deferred Taxes & Provisions	-34,441	34,441	0	-23,420	0	0	-1,377	24,797	0	0	0	0	0	0
Cash flow from operations	238,015	-644,197	-323,464	90,552	386,322	287,437	691,814	255,303	258,784	24,342	879,187	209,734	-4,247	855,819
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	-430,000	267,000	0	-144,466	0	0	0	0	0	2,611,143	2,758,323	1,208,323	0	1,550,000
cash flow from investments	430,000	-267,000	0	144,466	0	0	0	0	0	-2,611,143	-2,758,323	-1,208,323	0	-1,550,000
Financing Activities
Bank loans	-257,728	276,972	0	-91,809	-94,622	5,713	14,067	166,651	0	0	0	0	0	0
Group/Directors Accounts	0	-450	39,451	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	-200,000	0	318,626	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-20,006	-415,080	-216,990	-232,372	-242,962	-468,167	-184,478	441,170	-138,983	1,876,684	0	505,991	554,132	185,880
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	70,328	-92,521	180,561	112,286	129,439	319,743	-342,076	-656,559	79,586	780,461	1,746,138	440,391	0	0
share issue	0	1,161,950	0	0	0	0	0	-129,198	0	0	169,248	0	-345,100	514,348
interest	-74,504	-74,879	-71,533	-76,123	-102,949	-125,746	-141,039	-132,201	-117,033	-60,786	91	-63,960	-29,653	-6,041
cash flow from financing	-481,910	855,992	250,115	-288,018	-311,094	-268,457	-653,526	-310,137	-176,430	2,596,359	1,915,477	882,422	179,379	694,187
cash and cash equivalents
cash	186,105	-126,319	-79,259	24,026	75,228	18,980	38,288	-54,833	82,355	9,557	36,341	-116,167	175,131	6
overdraft	0	-71,115	-5,911	77,026	0	0	0	0	0	0	0	0	0	0
change in cash	186,105	-55,204	-73,348	-53,000	75,228	18,980	38,288	-54,833	82,355	9,557	36,341	-116,167	175,131	6

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CARNFORTH ESTATES LIMITED group structure

Carnforth Estates Limited has no subsidiary companies.

Ultimate parent company

CARNFORTH ESTATES LIMITED

02409699

CARNFORTH ESTATES LIMITED Shareholders

andrew stephen demenis	24.97%
michael david demenis	24.97%
alexander john demenis	24.97%
claire imogen demenis	24.97%
r m demenis discretionary trust settlement a	0.12%

Carnforth Estates Limited currently has 1 director, Ms Ruth Demenis serving since Jul 1991.

officer	country	age	start	end	role
Ms Ruth Demenis	England	70 years	Jul 1991	-	Director

P&L

March 2023

turnover

144.6k

+2%

operating profit

400.5k

gross margin

57.3%

+2.64%

turnover

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

Balance Sheet

March 2023

net assets

3.6m

+0.08%

total assets

6.7m

-0.03%

cash

210.5k

+7.64%

net assets

Total assets minus all liabilities

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company number

02409699

Type

Private limited with Share Capital

industry

68201 - Renting and operating of Housing Association real estate

incorporation date

July 1989

ultimate parent company

None

previous names

N/A

address

the holt aisholt, bridgwater, TA5 1AS

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 18 charges/mortgages relating to carnforth estates limited. Currently there are 7 open charges and 11 have been satisfied in the past.

carnforth estates limited Company Information

carnforth estates limited Estimated Valuation

carnforth estates limited Estimated Valuation

carnforth estates limited Estimated Valuation

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