corvan limited Company Information
Company Number
02444967
Next Accounts
May 2025
Shareholders
balvinder kaur dulay
baljinder singh dulay
View AllGroup Structure
View All
Industry
Residential care activities for the elderly and disabled
Registered Address
2 wheeleys road edgbaston, birmingham, west midlands, B15 2LD
Website
-corvan limited Estimated Valuation
Pomanda estimates the enterprise value of CORVAN LIMITED at £467.2k based on a Turnover of £636.9k and 0.73x industry multiple (adjusted for size and gross margin).
corvan limited Estimated Valuation
Pomanda estimates the enterprise value of CORVAN LIMITED at £1.8m based on an EBITDA of £302.7k and a 5.94x industry multiple (adjusted for size and gross margin).
corvan limited Estimated Valuation
Pomanda estimates the enterprise value of CORVAN LIMITED at £4.2m based on Net Assets of £1.4m and 2.93x industry multiple (adjusted for liquidity).
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Corvan Limited Overview
Corvan Limited is a live company located in west midlands, B15 2LD with a Companies House number of 02444967. It operates in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in November 1989, it's largest shareholder is balvinder kaur dulay with a 45% stake. Corvan Limited is a mature, small sized company, Pomanda has estimated its turnover at £636.9k with declining growth in recent years.
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Corvan Limited Health Check
Pomanda's financial health check has awarded Corvan Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs


4 Strong

3 Regular

5 Weak

Size
annual sales of £636.9k, make it smaller than the average company (£2.8m)
- Corvan Limited
£2.8m - Industry AVG

Growth
3 year (CAGR) sales growth of -36%, show it is growing at a slower rate (5%)
- Corvan Limited
5% - Industry AVG

Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)
- Corvan Limited
38.1% - Industry AVG

Profitability
an operating margin of 36.4% make it more profitable than the average company (10.3%)
- Corvan Limited
10.3% - Industry AVG

Employees
with 29 employees, this is below the industry average (67)
29 - Corvan Limited
67 - Industry AVG

Pay Structure
on an average salary of £23.1k, the company has an equivalent pay structure (£23.1k)
- Corvan Limited
£23.1k - Industry AVG

Efficiency
resulting in sales per employee of £22k, this is less efficient (£39.9k)
- Corvan Limited
£39.9k - Industry AVG

Debtor Days
it gets paid by customers after 1 days, this is earlier than average (16 days)
- Corvan Limited
16 days - Industry AVG

Creditor Days
its suppliers are paid after 2 days, this is quicker than average (16 days)
- Corvan Limited
16 days - Industry AVG

Stock Days
it holds stock equivalent to 0 days, this is in line with average (0 days)
- Corvan Limited
0 days - Industry AVG

Cash Balance
has cash to cover current liabilities for 176 weeks, this is more cash available to meet short term requirements (32 weeks)
176 weeks - Corvan Limited
32 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 34.5%, this is a lower level of debt than the average (45.8%)
34.5% - Corvan Limited
45.8% - Industry AVG
CORVAN LIMITED financials

Corvan Limited's latest turnover from August 2023 is estimated at £636.9 thousand and the company has net assets of £1.4 million. According to their latest financial statements, Corvan Limited has 29 employees and maintains cash reserves of £610.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Aug 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 1,058,811 | 1,027,491 | 1,008,701 | ||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 231,812 | 159,592 | 172,866 | ||||||||||||
Interest Payable | 46,592 | 25,681 | 31,151 | ||||||||||||
Interest Receivable | 1,087 | 1,100 | 41,106 | ||||||||||||
Pre-Tax Profit | 186,307 | 135,011 | 177,649 | ||||||||||||
Tax | -57,307 | -36,897 | -55,499 | ||||||||||||
Profit After Tax | 129,000 | 98,114 | 122,150 | ||||||||||||
Dividends Paid | 70,000 | 100,000 | 70,000 | ||||||||||||
Retained Profit | 59,000 | -1,886 | 52,150 | ||||||||||||
Employee Costs | 490,617 | 459,003 | 401,963 | ||||||||||||
Number Of Employees | 29 | 28 | 17 | 18 | 20 | 29 | 29 | 21 | |||||||
EBITDA* | 367,253 | 294,930 | 315,421 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,528,123 | 1,582,421 | 1,526,939 | 1,101,176 | 574,571 | 538,000 | 574,819 | 599,651 | 645,963 | 680,618 | 725,215 | 769,798 | 1,423,282 | 1,496,086 | 1,575,311 |
Intangible Assets | 30,000 | 60,000 | 90,000 | 127,500 | 177,500 | 227,500 | |||||||||
Investments & Other | |||||||||||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | 1,528,123 | 1,582,421 | 1,526,939 | 1,101,176 | 574,571 | 538,000 | 574,819 | 599,651 | 645,963 | 710,618 | 785,215 | 859,798 | 1,550,782 | 1,673,586 | 1,802,811 |
Stock & work in progress | 920 | 745 | 795 | 885 | 735 | 855 | 680 | 715 | 635 | 675 | 750 | 600 | |||
Trade Debtors | 1,778 | 1,919 | 35,537 | 233,454 | 25,062 | 51,228 | 43,786 | 32,746 | 51,756 | 31,223 | 15,440 | 720,049 | 1,408 | 8,214 | 35,016 |
Group Debtors | 150,000 | 150,000 | 451,742 | 440,603 | 412,550 | 322,850 | 212,850 | ||||||||
Misc Debtors | 48,099 | 35,754 | 9,615 | 2,805 | 2,760 | 2,159 | 1,412 | 1,328,399 | 1,527,511 | 700,451 | |||||
Cash | 610,306 | 288,266 | 82,947 | 28,153 | 16,342 | 25,659 | 36,056 | 14,809 | 39,702 | 193,019 | 50,857 | 72,195 | 184,287 | 426,019 | 312,810 |
misc current assets | |||||||||||||||
total current assets | 661,103 | 440,930 | 305,033 | 262,492 | 503,496 | 521,150 | 495,832 | 373,279 | 306,355 | 224,917 | 67,047 | 792,844 | 1,514,094 | 1,961,744 | 1,048,277 |
total assets | 2,189,226 | 2,023,351 | 1,831,972 | 1,363,668 | 1,078,067 | 1,059,150 | 1,070,651 | 972,930 | 952,318 | 935,535 | 852,262 | 1,652,642 | 3,064,876 | 3,635,330 | 2,851,088 |
Bank overdraft | 10,990 | 10,990 | 51,000 | ||||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 2,268 | 1,593 | 246,512 | 82,911 | 63,720 | 139,001 | |||||||||
Group/Directors Accounts | 735 | 423 | 5,448 | 640 | 801 | ||||||||||
other short term finances | |||||||||||||||
hp & lease commitments | |||||||||||||||
other current liabilities | 166,894 | 105,462 | 63,929 | 52,481 | 49,685 | 95,379 | 55,521 | 45,498 | 286,369 | 210,447 | 123,618 | ||||
total current liabilities | 180,152 | 118,780 | 63,929 | 246,512 | 52,481 | 50,108 | 100,827 | 56,161 | 46,299 | 82,911 | 63,720 | 190,001 | 286,369 | 210,447 | 123,618 |
loans | 568,519 | 605,186 | 656,176 | 699,142 | 1,509,475 | 2,214,851 | 1,515,553 | ||||||||
hp & lease commitments | |||||||||||||||
Accruals and Deferred Income | |||||||||||||||
other liabilities | 50,000 | ||||||||||||||
provisions | 5,631 | 5,631 | 5,631 | 2,728 | 1,650 | 159,646 | 159,645 | ||||||||
total long term liabilities | 574,150 | 610,817 | 661,807 | 52,728 | 1,650 | 699,142 | 1,509,475 | 2,374,497 | 1,675,198 | ||||||
total liabilities | 754,302 | 729,597 | 725,736 | 299,240 | 54,131 | 50,108 | 100,827 | 56,161 | 46,299 | 82,911 | 63,720 | 889,143 | 1,795,844 | 2,584,944 | 1,798,816 |
net assets | 1,434,924 | 1,293,754 | 1,106,236 | 1,064,428 | 1,023,936 | 1,009,042 | 969,824 | 916,769 | 906,019 | 852,624 | 788,542 | 763,499 | 1,269,032 | 1,050,386 | 1,052,272 |
total shareholders funds | 1,434,924 | 1,293,754 | 1,106,236 | 1,064,428 | 1,023,936 | 1,009,042 | 969,824 | 916,769 | 906,019 | 852,624 | 788,542 | 763,499 | 1,269,032 | 1,050,386 | 1,052,272 |
Aug 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 231,812 | 159,592 | 172,866 | ||||||||||||
Depreciation | 70,784 | 102,138 | 92,002 | 66,992 | 51,379 | 50,609 | 49,441 | 49,572 | 48,091 | 47,847 | 48,273 | 50,585 | 85,441 | 85,338 | 92,555 |
Amortisation | 30,000 | 30,000 | 30,000 | 30,000 | 50,000 | 50,000 | 50,000 | ||||||||
Tax | -57,307 | -36,897 | -55,499 | ||||||||||||
Stock | 175 | -50 | -90 | 150 | -120 | 175 | -35 | 80 | -40 | -75 | 150 | 600 | |||
Debtors | -102,042 | -69,372 | -12,163 | -252,965 | -8,217 | 35,540 | 101,341 | 91,737 | 234,795 | 15,783 | -704,609 | -609,758 | -205,918 | 800,258 | 735,467 |
Creditors | 675 | 1,593 | -246,512 | 246,512 | -82,911 | 19,191 | -75,281 | 139,001 | |||||||
Accruals and Deferred Income | 61,432 | 41,533 | 63,929 | -52,481 | 2,796 | -45,694 | 39,858 | 10,023 | 45,498 | -286,369 | 75,922 | 86,829 | 123,618 | ||
Deferred Taxes & Provisions | 2,903 | 1,078 | 1,650 | -159,646 | 1 | 159,645 | |||||||||
Cash flow from operations | 432,140 | -455,395 | -192,282 | ||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | |||||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | -735 | 735 | -423 | -5,025 | 4,808 | -161 | 801 | ||||||||
Other Short Term Loans | |||||||||||||||
Long term loans | -36,667 | -50,990 | 656,176 | -699,142 | -810,333 | -705,376 | 699,298 | 1,515,553 | |||||||
Hire Purchase and Lease Commitments | |||||||||||||||
other long term liabilities | -50,000 | 50,000 | |||||||||||||
share issue | |||||||||||||||
interest | -45,505 | -24,581 | 9,955 | ||||||||||||
cash flow from financing | -591,235 | 674,717 | 2,525,630 | ||||||||||||
cash and cash equivalents | |||||||||||||||
cash | 322,040 | 205,319 | 54,794 | 11,811 | -9,317 | -10,397 | 21,247 | -24,893 | -153,317 | 142,162 | -21,338 | -112,092 | -241,732 | 113,209 | 312,810 |
overdraft | 10,990 | -51,000 | 51,000 | ||||||||||||
change in cash | 322,040 | 194,329 | 54,794 | 11,811 | -9,317 | -10,397 | 21,247 | -24,893 | -153,317 | 142,162 | 29,662 | -163,092 | -241,732 | 113,209 | 312,810 |
corvan limited Credit Report and Business Information
Corvan Limited Competitor Analysis

Perform a competitor analysis for corvan limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in B15 area or any other competitors across 12 key performance metrics.
corvan limited Ownership
CORVAN LIMITED group structure
Corvan Limited has no subsidiary companies.
Ultimate parent company
CORVAN LIMITED
02444967
corvan limited directors
Corvan Limited currently has 2 directors. The longest serving directors include Mr Baljinder Dulay (Aug 2013) and Mrs Balvinder Dulay (Aug 2013).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Baljinder Dulay | England | 57 years | Aug 2013 | - | Director |
Mrs Balvinder Dulay | England | 54 years | Aug 2013 | - | Director |
P&L
August 2023turnover
636.9k
+9%
operating profit
231.9k
0%
gross margin
38.1%
-0.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
1.4m
+0.11%
total assets
2.2m
+0.08%
cash
610.3k
+1.12%
net assets
Total assets minus all liabilities
corvan limited company details
company number
02444967
Type
Private limited with Share Capital
industry
87300 - Residential care activities for the elderly and disabled
incorporation date
November 1989
age
36
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
2 wheeleys road edgbaston, birmingham, west midlands, B15 2LD
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
corvan 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 11 charges/mortgages relating to corvan limited. Currently there are 3 open charges and 8 have been satisfied in the past.
corvan limited 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.
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corvan limited Companies House Filings - See Documents
date | description | view/download |
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