Corvan Limited

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corvan limited Company Information

Company Number

02444967

Next Accounts

May 2025

Directors

Baljinder Dulay

Balvinder Dulay

Shareholders

balvinder kaur dulay

baljinder singh dulay

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Group Structure

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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

£4.2m

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 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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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

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £636.9k, make it smaller than the average company (£2.8m)

Growth

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

EXPORT

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	636,914	586,939	673,656	2,436,048	612,715	980,995	929,709	625,323	1,103,784	910,185	560,396	12,878,063	1,058,811	1,027,491	1,008,701
Other Income Or Grants
Cost Of Sales	394,438	362,925	422,991	1,507,583	366,711	586,055	554,288	374,434	672,212	542,265	329,998	7,530,976	618,310	601,957
Gross Profit	242,476	224,014	250,665	928,465	246,005	394,939	375,421	250,889	431,573	367,920	230,398	5,347,088	440,501	425,534
Admin Expenses	10,580	-61,430	178,684	878,497	227,775	346,753	310,048	237,520	365,411	287,413	173,803	5,779,825	208,689	265,942	-172,866
Operating Profit	231,896	285,444	71,981	49,968	18,230	48,186	65,373	13,369	66,162	80,507	56,595	-432,737	231,812	159,592	172,866
Interest Payable	67,257	60,437	20,506								24,380	73,438	46,592	25,681	31,151
Interest Receivable	23,588	6,496	139	22	158	231	127	68	582	610	308	641	1,087	1,100	41,106
Pre-Tax Profit	188,227	231,504	51,615	49,990	18,388	48,417	65,500	13,438	66,744	81,116	32,523	-505,533	186,307	135,011	177,649
Tax	-47,057	-43,986	-9,807	-9,498	-3,494	-9,199	-12,445	-2,687	-13,349	-17,034	-7,480		-57,307	-36,897	-55,499
Profit After Tax	141,170	187,518	41,808	40,492	14,894	39,218	53,055	10,750	53,395	64,082	25,043	-505,533	129,000	98,114	122,150
Dividends Paid													70,000	100,000	70,000
Retained Profit	141,170	187,518	41,808	40,492	14,894	39,218	53,055	10,750	53,395	64,082	25,043	-505,533	59,000	-1,886	52,150
Employee Costs	668,452	624,274	358,795	359,249	381,986	527,240	510,085	346,562	625,419	527,637	329,654	7,477,076	490,617	459,003	401,963
Number Of Employees	29	28	17	18	20	29	29	21	41	35	22	509	43	42
EBITDA*	302,680	387,582	163,983	116,960	69,609	98,795	114,814	62,941	144,253	158,354	134,868	-352,152	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	231,896	285,444	71,981	49,968	18,230	48,186	65,373	13,369	66,162	80,507	56,595	-432,737	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	-47,057	-43,986	-9,807	-9,498	-3,494	-9,199	-12,445	-2,687	-13,349	-17,034	-7,480		-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	419,597	456,144	-13,251	555,386	78,898	8,187	40,921	-21,540	-141,264	144,803	756,566	109,638	432,140	-455,395	-192,282
Investing Activities
capital expenditure	-16,486	-157,620	-517,765	-593,597	-87,950	-13,790	-24,609	-3,260	-13,436	-3,250	-3,690	610,399	-12,637	-6,113	-1,945,366
Change in Investments
cash flow from investments	-16,486	-157,620	-517,765	-593,597	-87,950	-13,790	-24,609	-3,260	-13,436	-3,250	-3,690	610,399	-12,637	-6,113	-1,945,366
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													159,646		1,000,122
interest	-43,669	-53,941	-20,367	22	158	231	127	68	582	610	-24,072	-72,797	-45,505	-24,581	9,955
cash flow from financing	-81,071	-104,196	585,809	50,022	-265	-4,794	4,935	-93	1,383	610	-723,214	-883,130	-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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CORVAN LIMITED group structure

Corvan Limited has no subsidiary companies.

Ultimate parent company

CORVAN LIMITED

02444967

CORVAN LIMITED Shareholders

balvinder kaur dulay	45%
baljinder singh dulay	45%
reena dulay	5%
saran kaur dulay	5%

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 2023

turnover

636.9k

+9%

operating profit

231.9k

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 2023

net assets

1.4m

+0.11%

total assets

2.2m

+0.08%

cash

610.3k

+1.12%

net assets

Total assets minus all liabilities

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company number

02444967

Type

Private limited with Share Capital

industry

87300 - Residential care activities for the elderly and disabled

incorporation date

November 1989

ultimate parent company

None

previous names

N/A

address

2 wheeleys road edgbaston, birmingham, west midlands, B15 2LD

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.

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corvan limited Company Information

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corvan limited Estimated Valuation

corvan limited Estimated Valuation

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