corvan limited

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corvan limited Company Information

Share CORVAN LIMITED

Company Number

02444967

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

£467.2k

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

£1.8m

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

£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 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

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

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

£636.9k - Corvan Limited

£2.8m - Industry AVG

growth

Growth

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

-36% - Corvan Limited

5% - Industry AVG

production

Production

with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)

38.1% - Corvan Limited

38.1% - Industry AVG

profitability

Profitability

an operating margin of 36.4% make it more profitable than the average company (10.3%)

36.4% - Corvan Limited

10.3% - Industry AVG

employees

Employees

with 29 employees, this is below the industry average (67)

29 - Corvan Limited

67 - Industry AVG

paystructure

Pay Structure

on an average salary of £23.1k, the company has an equivalent pay structure (£23.1k)

£23.1k - Corvan Limited

£23.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £22k, this is less efficient (£39.9k)

£22k - Corvan Limited

£39.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (16 days)

1 days - Corvan Limited

16 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (16 days)

2 days - Corvan Limited

16 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is in line with average (0 days)

0 days - Corvan Limited

0 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Aug 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover636,914586,939673,6562,436,048612,715980,995929,709625,3231,103,784910,185560,39612,878,0631,058,8111,027,4911,008,701
Other Income Or Grants
Cost Of Sales394,438362,925422,9911,507,583366,711586,055554,288374,434672,212542,265329,9987,530,976618,310601,957
Gross Profit242,476224,014250,665928,465246,005394,939375,421250,889431,573367,920230,3985,347,088440,501425,534
Admin Expenses10,580-61,430178,684878,497227,775346,753310,048237,520365,411287,413173,8035,779,825208,689265,942-172,866
Operating Profit231,896285,44471,98149,96818,23048,18665,37313,36966,16280,50756,595-432,737231,812159,592172,866
Interest Payable67,25760,43720,50624,38073,43846,59225,68131,151
Interest Receivable23,5886,49613922158231127685826103086411,0871,10041,106
Pre-Tax Profit188,227231,50451,61549,99018,38848,41765,50013,43866,74481,11632,523-505,533186,307135,011177,649
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 Tax141,170187,51841,80840,49214,89439,21853,05510,75053,39564,08225,043-505,533129,00098,114122,150
Dividends Paid70,000100,00070,000
Retained Profit141,170187,51841,80840,49214,89439,21853,05510,75053,39564,08225,043-505,53359,000-1,88652,150
Employee Costs668,452624,274358,795359,249381,986527,240510,085346,562625,419527,637329,6547,477,076490,617459,003401,963
Number Of Employees29281718202929214135225094342
EBITDA*302,680387,582163,983116,96069,60998,795114,81462,941144,253158,354134,868-352,152367,253294,930315,421

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,528,1231,582,4211,526,9391,101,176574,571538,000574,819599,651645,963680,618725,215769,7981,423,2821,496,0861,575,311
Intangible Assets30,00060,00090,000127,500177,500227,500
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,528,1231,582,4211,526,9391,101,176574,571538,000574,819599,651645,963710,618785,215859,7981,550,7821,673,5861,802,811
Stock & work in progress920745795885735855680715635675750600
Trade Debtors1,7781,91935,537233,45425,06251,22843,78632,74651,75631,22315,440720,0491,4088,21435,016
Group Debtors150,000150,000451,742440,603412,550322,850212,850
Misc Debtors48,09935,7549,6152,8052,7602,1591,4121,328,3991,527,511700,451
Cash610,306288,26682,94728,15316,34225,65936,05614,80939,702193,01950,85772,195184,287426,019312,810
misc current assets
total current assets661,103440,930305,033262,492503,496521,150495,832373,279306,355224,91767,047792,8441,514,0941,961,7441,048,277
total assets2,189,2262,023,3511,831,9721,363,6681,078,0671,059,1501,070,651972,930952,318935,535852,2621,652,6423,064,8763,635,3302,851,088
Bank overdraft10,99010,99051,000
Bank loan
Trade Creditors 2,2681,593246,51282,91163,720139,001
Group/Directors Accounts7354235,448640801
other short term finances
hp & lease commitments
other current liabilities166,894105,46263,92952,48149,68595,37955,52145,498286,369210,447123,618
total current liabilities180,152118,78063,929246,51252,48150,108100,82756,16146,29982,91163,720190,001286,369210,447123,618
loans568,519605,186656,176699,1421,509,4752,214,8511,515,553
hp & lease commitments
Accruals and Deferred Income
other liabilities50,000
provisions5,6315,6315,6312,7281,650159,646159,645
total long term liabilities574,150610,817661,80752,7281,650699,1421,509,4752,374,4971,675,198
total liabilities754,302729,597725,736299,24054,13150,108100,82756,16146,29982,91163,720889,1431,795,8442,584,9441,798,816
net assets1,434,9241,293,7541,106,2361,064,4281,023,9361,009,042969,824916,769906,019852,624788,542763,4991,269,0321,050,3861,052,272
total shareholders funds1,434,9241,293,7541,106,2361,064,4281,023,9361,009,042969,824916,769906,019852,624788,542763,4991,269,0321,050,3861,052,272
Aug 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit231,896285,44471,98149,96818,23048,18665,37313,36966,16280,50756,595-432,737231,812159,592172,866
Depreciation70,784102,13892,00266,99251,37950,60949,44149,57248,09147,84748,27350,58585,44185,33892,555
Amortisation30,00030,00030,00030,00050,00050,00050,000
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
Stock175-50-90150-120175-3580-40-75150600
Debtors-102,042-69,372-12,163-252,965-8,21735,540101,34191,737234,79515,783-704,609-609,758-205,918800,258735,467
Creditors6751,593-246,512246,512-82,91119,191-75,281139,001
Accruals and Deferred Income61,43241,53363,929-52,4812,796-45,69439,85810,02345,498-286,36975,92286,829123,618
Deferred Taxes & Provisions2,9031,0781,650-159,6461159,645
Cash flow from operations419,597456,144-13,251555,38678,8988,18740,921-21,540-141,264144,803756,566109,638432,140-455,395-192,282
Investing Activities
capital expenditure-16,486-157,620-517,765-593,597-87,950-13,790-24,609-3,260-13,436-3,250-3,690610,399-12,637-6,113-1,945,366
Change in Investments
cash flow from investments-16,486-157,620-517,765-593,597-87,950-13,790-24,609-3,260-13,436-3,250-3,690610,399-12,637-6,113-1,945,366
Financing Activities
Bank loans
Group/Directors Accounts-735735-423-5,0254,808-161801
Other Short Term Loans
Long term loans-36,667-50,990656,176-699,142-810,333-705,376699,2981,515,553
Hire Purchase and Lease Commitments
other long term liabilities-50,00050,000
share issue159,6461,000,122
interest-43,669-53,941-20,3672215823112768582610-24,072-72,797-45,505-24,5819,955
cash flow from financing-81,071-104,196585,80950,022-265-4,7944,935-931,383610-723,214-883,130-591,235674,7172,525,630
cash and cash equivalents
cash322,040205,31954,79411,811-9,317-10,39721,247-24,893-153,317142,162-21,338-112,092-241,732113,209312,810
overdraft10,990-51,00051,000
change in cash322,040194,32954,79411,811-9,317-10,39721,247-24,893-153,317142,16229,662-163,092-241,732113,209312,810

corvan limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Corvan Limited Competitor Analysis

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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 Shareholders

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

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).

officercountryagestartendrole
Mr Baljinder DulayEngland57 years Aug 2013- Director
Mrs Balvinder DulayEngland54 years Aug 2013- Director

P&L

August 2023

turnover

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 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

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

None

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

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