canarycliff limited
canarycliff limited Company Information
Company Number
02777670
Next Accounts
47 days late
Shareholders
timothy rhys haydon davies
jeremy burbidge
Group Structure
View All
Industry
Manufacture of paper and paperboard
Registered Address
maple works old shoreham road, hove, brighton and hove, east sussex, BN3 7ED
Website
http://ticketmedia.comcanarycliff limited Estimated Valuation
Pomanda estimates the enterprise value of CANARYCLIFF LIMITED at £98.8k based on a Turnover of £259.4k and 0.38x industry multiple (adjusted for size and gross margin).
canarycliff limited Estimated Valuation
Pomanda estimates the enterprise value of CANARYCLIFF LIMITED at £0 based on an EBITDA of £-334.7k and a 3.24x industry multiple (adjusted for size and gross margin).
canarycliff limited Estimated Valuation
Pomanda estimates the enterprise value of CANARYCLIFF LIMITED at £2.3m based on Net Assets of £1.5m and 1.56x industry multiple (adjusted for liquidity).
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Canarycliff Limited Overview
Canarycliff Limited is a live company located in brighton and hove, BN3 7ED with a Companies House number of 02777670. It operates in the manufacture of paper and paperboard sector, SIC Code 17120. Founded in January 1993, it's largest shareholder is timothy rhys haydon davies with a 60% stake. Canarycliff Limited is a mature, micro sized company, Pomanda has estimated its turnover at £259.4k with declining growth in recent years.
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Canarycliff Limited Health Check
Pomanda's financial health check has awarded Canarycliff Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £259.4k, make it smaller than the average company (£25.1m)
- Canarycliff Limited
£25.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (8.2%)
- Canarycliff Limited
8.2% - Industry AVG
Production
with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)
- Canarycliff Limited
24.6% - Industry AVG
Profitability
an operating margin of -178.3% make it less profitable than the average company (5.7%)
- Canarycliff Limited
5.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (93)
2 - Canarycliff Limited
93 - Industry AVG
Pay Structure
on an average salary of £46.7k, the company has an equivalent pay structure (£46.7k)
- Canarycliff Limited
£46.7k - Industry AVG
Efficiency
resulting in sales per employee of £129.7k, this is less efficient (£285.6k)
- Canarycliff Limited
£285.6k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (57 days)
- Canarycliff Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is quicker than average (62 days)
- Canarycliff Limited
62 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Canarycliff Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (4 weeks)
27 weeks - Canarycliff Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.6%, this is a lower level of debt than the average (50.5%)
22.6% - Canarycliff Limited
50.5% - Industry AVG
CANARYCLIFF LIMITED financials
Canarycliff Limited's latest turnover from May 2023 is estimated at £259.4 thousand and the company has net assets of £1.5 million. According to their latest financial statements, Canarycliff Limited has 2 employees and maintains cash reserves of £201 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,045,225 | 1,961,064 | 1,744,791 | |||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 1,152,849 | 993,056 | 836,931 | |||||||||||
| Gross Profit | 892,376 | 968,008 | 907,860 | |||||||||||
| Admin Expenses | 775,045 | 912,745 | 735,765 | |||||||||||
| Operating Profit | 117,331 | 55,263 | 172,095 | |||||||||||
| Interest Payable | 39,834 | 38,805 | 17,212 | |||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 77,497 | 16,458 | 154,883 | |||||||||||
| Tax | -5,941 | -3,304 | -39,888 | |||||||||||
| Profit After Tax | 71,556 | 13,154 | 114,995 | |||||||||||
| Dividends Paid | 611,000 | 82,200 | 79,890 | |||||||||||
| Retained Profit | -539,444 | -69,046 | 35,105 | |||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 1 | 2 | 2 | 2 | 2 | 3 | |||||||
| EBITDA* | 277,062 | 198,262 | 338,053 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,347,001 | 1,432,267 | 1,577,447 | 1,752,455 | 1,902,578 | 809,700 | 949,993 | 1,115,902 | 1,209,965 | 1,338,285 | 1,466,688 | 1,612,066 | 1,278,926 | 1,392,386 |
| Intangible Assets | 7,200 | 14,400 | 21,600 | 28,800 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | |||
| Investments & Other | 1 | 1 | 1 | 2 | 2 | 1,112,765 | 1,143,563 | 636,234 | ||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 1,347,002 | 1,432,268 | 1,577,448 | 1,759,657 | 1,916,980 | 1,944,065 | 2,122,356 | 1,788,136 | 1,245,965 | 1,374,285 | 1,502,688 | 1,648,066 | 1,314,926 | 1,428,386 |
| Stock & work in progress | 303,057 | 363,892 | 281,570 | 291,454 | 197,792 | 133,407 | 146,175 | |||||||
| Trade Debtors | 19,737 | 610,742 | 757,082 | 285,771 | 342,185 | 259,490 | 184,365 | 125,932 | ||||||
| Group Debtors | 319,499 | 912,744 | 973,978 | 647,429 | 638,810 | 920,548 | 726,896 | 6,959 | 20,890 | 158,642 | 170,889 | 172,211 | 174,509 | 140,064 |
| Misc Debtors | 4,563 | 34,540 | 1,573 | 1,199 | 9,379 | 6,319 | 3,939 | 8,497 | 5,885 | 6,823 | 3,493 | 1,925 | 12,754 | 11,336 |
| Cash | 200,983 | 11,979 | 10,640 | 21,121 | 23,287 | 101,490 | 73,487 | 169,436 | 146,012 | 331,336 | 72,884 | 33,369 | 24,318 | 70,013 |
| misc current assets | 477 | |||||||||||||
| total current assets | 544,782 | 959,263 | 986,668 | 669,749 | 671,476 | 1,028,357 | 804,322 | 1,098,691 | 1,293,761 | 1,064,142 | 880,905 | 664,787 | 529,353 | 493,520 |
| total assets | 1,891,784 | 2,391,531 | 2,564,116 | 2,429,406 | 2,588,456 | 2,972,422 | 2,926,678 | 2,886,827 | 2,539,726 | 2,438,427 | 2,383,593 | 2,312,853 | 1,844,279 | 1,921,906 |
| Bank overdraft | 31,540 | 31,234 | 25,638 | 90,412 | 89,336 | 89,036 | 49,884 | 45,000 | 111,920 | 90,895 | ||||
| Bank loan | 40,000 | 40,000 | 40,000 | 35,000 | 30,000 | 15,000 | ||||||||
| Trade Creditors | 21,987 | 15,700 | 1,997 | 128,629 | 83,557 | 122,073 | 102,999 | 70,671 | 206,015 | 87,908 | ||||
| Group/Directors Accounts | 5,774 | 5,811 | 9,408 | 9,408 | 9,408 | 21,383 | 32,945 | 60,827 | 179,542 | 204,727 | 152,825 | 146,460 | 122,545 | 159,386 |
| other short term finances | ||||||||||||||
| hp & lease commitments | 71,289 | 51,439 | 81,131 | 163,663 | 171,010 | 142,142 | 151,006 | 229,206 | 88,965 | 103,125 | 103,125 | 129,260 | 79,025 | 90,000 |
| other current liabilities | 245,898 | 195,443 | 175,071 | 61,537 | 11,855 | 41,038 | 34,313 | 137,891 | 275,384 | 146,700 | 137,501 | 102,489 | 64,183 | 120,704 |
| total current liabilities | 376,488 | 299,627 | 291,248 | 325,020 | 281,609 | 293,599 | 270,145 | 601,553 | 667,448 | 616,625 | 648,370 | 574,775 | 501,768 | 472,998 |
| loans | 25,534 | 57,442 | 86,967 | 39,541 | 116,834 | 206,557 | 332,939 | 382,984 | 444,886 | 761,872 | 797,588 | 937,893 | 873,216 | 806,224 |
| hp & lease commitments | 7,410 | 86,700 | 141,138 | 177,515 | 275,651 | 267,971 | 352,546 | 377,595 | 51,613 | 154,578 | 257,703 | 353,194 | 44,142 | 145,385 |
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 37,630 | |||||||||||||
| provisions | 18,566 | 18,566 | 18,566 | 40,349 | 55,665 | 58,179 | 91,447 | 98,940 | 45,785 | 46,000 | 49,500 | 50,000 | 53,100 | |
| total long term liabilities | 51,510 | 162,708 | 246,671 | 257,405 | 448,150 | 532,707 | 776,932 | 859,519 | 534,129 | 962,235 | 1,101,291 | 1,340,587 | 967,358 | 1,004,709 |
| total liabilities | 427,998 | 462,335 | 537,919 | 582,425 | 729,759 | 826,306 | 1,047,077 | 1,461,072 | 1,201,577 | 1,578,860 | 1,749,661 | 1,915,362 | 1,469,126 | 1,477,707 |
| net assets | 1,463,786 | 1,929,196 | 2,026,197 | 1,846,981 | 1,858,697 | 2,146,116 | 1,879,601 | 1,425,755 | 1,338,149 | 859,567 | 633,932 | 397,491 | 375,153 | 444,199 |
| total shareholders funds | 1,463,786 | 1,929,196 | 2,026,197 | 1,846,981 | 1,858,697 | 2,146,116 | 1,879,601 | 1,425,755 | 1,338,149 | 859,567 | 633,932 | 397,491 | 375,153 | 444,199 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 117,331 | 55,263 | 172,095 | |||||||||||
| Depreciation | 127,847 | 145,180 | 175,008 | 199,657 | 211,427 | 224,028 | 251,767 | 232,118 | 156,688 | 135,326 | 154,868 | 159,731 | 142,999 | 165,958 |
| Amortisation | 7,200 | 7,200 | 7,200 | 7,200 | 7,200 | |||||||||
| Tax | -5,941 | -3,304 | -39,888 | |||||||||||
| Stock | -303,057 | -60,835 | 82,322 | -9,884 | 93,662 | 64,385 | -12,768 | 146,175 | ||||||
| Debtors | -603,485 | -28,267 | 326,923 | 439 | -278,678 | 196,032 | 104,637 | -157,659 | 332,621 | -65,331 | 82,941 | 61,998 | 94,296 | 277,332 |
| Creditors | 6,287 | 15,700 | -1,997 | -126,632 | 45,072 | -38,516 | 19,074 | 32,328 | -135,344 | 118,107 | 87,908 | |||
| Accruals and Deferred Income | 50,455 | 20,372 | 113,534 | 49,682 | -29,183 | 6,725 | -103,578 | -137,493 | 128,684 | 9,199 | 35,012 | 38,306 | -56,521 | 120,704 |
| Deferred Taxes & Provisions | -21,783 | -15,316 | -2,514 | -33,268 | -7,493 | 98,940 | -45,785 | -215 | -3,500 | -500 | -3,100 | 53,100 | ||
| Cash flow from operations | 47,200 | 171,916 | 136,370 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -1 | -1,112,763 | -30,798 | 507,329 | 636,234 | |||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -40,000 | 5,000 | 5,000 | 15,000 | 15,000 | |||||||||
| Group/Directors Accounts | -37 | -3,597 | -11,975 | -11,562 | -27,882 | -118,715 | -25,185 | 51,902 | 6,365 | 23,915 | -36,841 | 159,386 | ||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -31,908 | -29,525 | 47,426 | -77,293 | -89,723 | -126,382 | -50,045 | -61,902 | -316,986 | -35,716 | -140,305 | 64,677 | 66,992 | 806,224 |
| Hire Purchase and Lease Commitments | -59,440 | -84,130 | -118,909 | -105,483 | 36,548 | -93,439 | -103,249 | 466,223 | -117,125 | -103,125 | -121,626 | 359,287 | -112,218 | 235,385 |
| other long term liabilities | -37,630 | 37,630 | ||||||||||||
| share issue | ||||||||||||||
| interest | -39,834 | -38,805 | -17,212 | |||||||||||
| cash flow from financing | 974,827 | -105,872 | 1,607,877 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 189,004 | 1,339 | -10,481 | -2,166 | -78,203 | 28,003 | -95,949 | 23,424 | -185,324 | 258,452 | 39,515 | 9,051 | -45,695 | 70,013 |
| overdraft | 306 | 5,596 | -64,774 | 1,076 | 300 | 39,152 | 4,884 | 45,000 | -111,920 | 21,025 | 90,895 | |||
| change in cash | 188,698 | -4,257 | 54,293 | -3,242 | -78,503 | -11,149 | -100,833 | -21,576 | -185,324 | 370,372 | 18,490 | -81,844 | -45,695 | 70,013 |
canarycliff limited Credit Report and Business Information
Canarycliff Limited Competitor Analysis
Perform a competitor analysis for canarycliff limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in BN3 area or any other competitors across 12 key performance metrics.
canarycliff limited Ownership
CANARYCLIFF LIMITED group structure
Canarycliff Limited has 2 subsidiary companies.
Ultimate parent company
CANARYCLIFF LIMITED
02777670
2 subsidiaries
canarycliff limited directors
Canarycliff Limited currently has 2 directors. The longest serving directors include Mr Timothy Davies (Jan 1993) and Mr Jeremy Burbidge (Jun 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Davies | England | 73 years | Jan 1993 | - | Director |
| Mr Jeremy Burbidge | 63 years | Jun 2007 | - | Director |
P&L
May 2023turnover
259.4k
+78%
operating profit
-462.5k
0%
gross margin
24.7%
+18.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
1.5m
-0.24%
total assets
1.9m
-0.21%
cash
201k
+15.78%
net assets
Total assets minus all liabilities
canarycliff limited company details
company number
02777670
Type
Private limited with Share Capital
industry
17120 - Manufacture of paper and paperboard
incorporation date
January 1993
age
32
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
WATSON ASSOCIATES (PROFESSIONAL SERVICES) LIMITED
auditor
-
address
maple works old shoreham road, hove, brighton and hove, east sussex, BN3 7ED
Bank
-
Legal Advisor
-
canarycliff 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 did not find charges/mortgages relating to canarycliff limited.
canarycliff limited Capital Raised & Share Issues BETA
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canarycliff limited Companies House Filings - See Documents
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