cormetz limited
cormetz limited Company Information
Company Number
02988192
Website
-Registered Address
255 green lanes, london, N13 4XE
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
humphrey gilbert metzgen 50%
gillian frances metzgen 50%
cormetz limited Estimated Valuation
Pomanda estimates the enterprise value of CORMETZ LIMITED at £1.2m based on a Turnover of £431.9k and 2.86x industry multiple (adjusted for size and gross margin).
cormetz limited Estimated Valuation
Pomanda estimates the enterprise value of CORMETZ LIMITED at £1.2m based on an EBITDA of £183.5k and a 6.46x industry multiple (adjusted for size and gross margin).
cormetz limited Estimated Valuation
Pomanda estimates the enterprise value of CORMETZ LIMITED at £5.7m based on Net Assets of £3.6m and 1.58x industry multiple (adjusted for liquidity).
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Cormetz Limited Overview
Cormetz Limited is a live company located in london, N13 4XE with a Companies House number of 02988192. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in November 1994, it's largest shareholder is humphrey gilbert metzgen with a 50% stake. Cormetz Limited is a mature, micro sized company, Pomanda has estimated its turnover at £431.9k with rapid growth in recent years.
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Cormetz Limited Health Check
Pomanda's financial health check has awarded Cormetz Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £431.9k, make it smaller than the average company (£865k)
- Cormetz Limited
£865k - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (1.3%)
- Cormetz Limited
1.3% - Industry AVG
Production
with a gross margin of 70.2%, this company has a comparable cost of product (70.2%)
- Cormetz Limited
70.2% - Industry AVG
Profitability
an operating margin of 42.3% make it more profitable than the average company (34.4%)
- Cormetz Limited
34.4% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Cormetz Limited
4 - Industry AVG
Pay Structure
on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)
- Cormetz Limited
£31.1k - Industry AVG
Efficiency
resulting in sales per employee of £108k, this is less efficient (£189.2k)
- Cormetz Limited
£189.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Cormetz Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (33 days)
- Cormetz Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cormetz Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (13 weeks)
61 weeks - Cormetz Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.4%, this is a lower level of debt than the average (69.7%)
45.4% - Cormetz Limited
69.7% - Industry AVG
CORMETZ LIMITED financials
Cormetz Limited's latest turnover from December 2022 is estimated at £431.9 thousand and the company has net assets of £3.6 million. According to their latest financial statements, Cormetz Limited has 4 employees and maintains cash reserves of £89.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 5,325 | 3,754 | 3,778 | 4,702 | 4,094 | 5,378 | 4,564 | 4,547 | 5,447 | 5,162 | 6,983 | 9,705 | 12,959 | 11,660 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 6,502,317 | 6,481,345 | 6,370,000 | 5,446,000 | 5,634,231 | 5,990,000 | 5,990,000 | 5,871,000 | 5,410,000 | 5,247,400 | 4,496,000 | 4,748,000 | 5,101,000 | 4,993,813 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,507,642 | 6,485,099 | 6,373,778 | 5,450,702 | 5,638,325 | 5,995,378 | 5,994,564 | 5,875,547 | 5,415,447 | 5,252,562 | 4,502,983 | 4,757,705 | 5,113,959 | 5,005,473 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 557 | 9,004 | 4,588 | 6,539 | 8,098 | 15,810 | 9,038 | 9,572 | 12,771 | 24,051 | 18,580 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 31,328 | 28,537 | 18,869 | 14,120 | 16,718 | 14,034 | 4,688 | 4,367 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 89,568 | 101,767 | 116,310 | 107,338 | 108,077 | 78,002 | 68,574 | 55,008 | 45,404 | 40,500 | 138,840 | 113,818 | 112,256 | 72,415 |
| misc current assets | 0 | 0 | 0 | 0 | 19,692 | 18,528 | 15,219 | 15,040 | 7,290 | 7,290 | 7,290 | 7,290 | 7,290 | 7,290 |
| total current assets | 120,896 | 130,304 | 135,179 | 122,015 | 153,491 | 115,152 | 95,020 | 82,513 | 68,504 | 56,828 | 155,702 | 133,879 | 143,597 | 98,285 |
| total assets | 6,628,538 | 6,615,403 | 6,508,957 | 5,572,717 | 5,791,816 | 6,110,530 | 6,089,584 | 5,958,060 | 5,483,951 | 5,309,390 | 4,658,685 | 4,891,584 | 5,257,556 | 5,103,758 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 2,449,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,531 | 1,053 | 921 | 3,157 | 11,484 | 1,270 | 3,164 | 514 | 140,333 | 143,310 | 152,506 | 2,373,273 | 2,366,889 | 38,165 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 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 | 73,421 | 88,556 | 174,362 | 156,677 | 170,494 | 156,458 | 150,648 | 157,762 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 75,952 | 89,609 | 175,283 | 159,834 | 181,978 | 157,728 | 2,603,562 | 158,276 | 140,333 | 143,310 | 152,506 | 2,373,273 | 2,366,889 | 38,165 |
| loans | 2,075,000 | 2,075,000 | 2,075,000 | 2,075,000 | 2,075,000 | 2,449,750 | 0 | 2,449,750 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 270,000 | 250,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 2,314,750 | 2,314,750 | 2,272,180 | 260,000 | 260,000 | 2,727,500 |
| provisions | 585,563 | 448,335 | 434,799 | 351,756 | 372,661 | 432,574 | 443,909 | 428,309 | 1,089 | 1,121 | 1,397 | 1,941 | 0 | 0 |
| total long term liabilities | 2,930,563 | 2,773,335 | 2,659,799 | 2,576,756 | 2,597,661 | 3,032,324 | 593,909 | 3,028,059 | 2,315,839 | 2,315,871 | 2,273,577 | 261,941 | 260,000 | 2,727,500 |
| total liabilities | 3,006,515 | 2,862,944 | 2,835,082 | 2,736,590 | 2,779,639 | 3,190,052 | 3,197,471 | 3,186,335 | 2,456,172 | 2,459,181 | 2,426,083 | 2,635,214 | 2,626,889 | 2,765,665 |
| net assets | 3,622,023 | 3,752,459 | 3,673,875 | 2,836,127 | 3,012,177 | 2,920,478 | 2,892,113 | 2,771,725 | 3,027,779 | 2,850,209 | 2,232,602 | 2,256,370 | 2,630,667 | 2,338,093 |
| total shareholders funds | 3,622,023 | 3,752,459 | 3,673,875 | 2,836,127 | 3,012,177 | 2,920,478 | 2,892,113 | 2,771,725 | 3,027,779 | 2,850,209 | 2,232,602 | 2,256,370 | 2,630,667 | 2,338,093 |
| 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 | ||||||||||||||
| Depreciation | 1,016 | 772 | 924 | 1,082 | 1,284 | 1,041 | 1,071 | 900 | 1,093 | 2,275 | 2,722 | 4,699 | 1,299 | 6,857 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,791 | 9,668 | 4,192 | -11,045 | 7,100 | 7,395 | -1,238 | -3,345 | 6,772 | -534 | -3,199 | -11,280 | 5,471 | 18,580 |
| Creditors | 1,478 | 132 | -2,236 | -8,327 | 10,214 | -1,894 | 2,650 | -139,819 | -2,977 | -9,196 | -2,220,767 | 6,384 | 2,328,724 | 38,165 |
| Accruals and Deferred Income | -15,135 | -85,806 | 17,685 | -13,817 | 14,036 | 5,810 | -7,114 | 157,762 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 137,228 | 13,536 | 83,043 | -20,905 | -59,913 | -11,335 | 15,600 | 427,220 | -32 | -276 | -544 | 1,941 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 20,972 | 111,345 | 924,000 | -188,231 | -355,769 | 0 | 119,000 | 461,000 | 162,600 | 751,400 | -252,000 | -353,000 | 107,187 | 4,993,813 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -2,449,750 | 2,449,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -374,750 | 2,449,750 | -2,449,750 | 2,449,750 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 20,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | -2,164,750 | 0 | 42,570 | 2,012,180 | 0 | -2,467,500 | 2,727,500 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -12,199 | -14,543 | 8,972 | -739 | 30,075 | 9,428 | 13,566 | 9,604 | 4,904 | -98,340 | 25,022 | 1,562 | 39,841 | 72,415 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -12,199 | -14,543 | 8,972 | -739 | 30,075 | 9,428 | 13,566 | 9,604 | 4,904 | -98,340 | 25,022 | 1,562 | 39,841 | 72,415 |
cormetz limited Credit Report and Business Information
Cormetz Limited Competitor Analysis
Perform a competitor analysis for cormetz limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cormetz limited Ownership
CORMETZ LIMITED group structure
Cormetz Limited has no subsidiary companies.
Ultimate parent company
CORMETZ LIMITED
02988192
cormetz limited directors
Cormetz Limited currently has 4 directors. The longest serving directors include Ms Gillian Metzgen (Apr 1998) and Mr Jonathan Prichard (Apr 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Gillian Metzgen | 69 years | Apr 1998 | - | Director | |
| Mr Jonathan Prichard | 72 years | Apr 2003 | - | Director | |
| Ms Joanne Goodey | 55 years | Apr 2003 | - | Director | |
| Mr Nicholas Corfield | 73 years | Jan 2020 | - | Director |
P&L
December 2022turnover
431.9k
+21%
operating profit
182.5k
0%
gross margin
70.2%
+2.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.6m
-0.03%
total assets
6.6m
0%
cash
89.6k
-0.12%
net assets
Total assets minus all liabilities
cormetz limited company details
company number
02988192
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
November 1994
age
30
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
255 green lanes, london, N13 4XE
last accounts submitted
December 2022
cormetz 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 36 charges/mortgages relating to cormetz limited. Currently there are 7 open charges and 29 have been satisfied in the past.
cormetz limited Companies House Filings - See Documents
| date | description | view/download |
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