corindale properties limited
corindale properties limited Company Information
Company Number
03488857
Next Accounts
Jan 2026
Shareholders
mr k.p. cattermole
mr j.w. goddard
Group Structure
View All
Industry
Buying and selling of own real estate
Registered Address
10 neale street, ipswich, IP1 3JB
Website
-corindale properties limited Estimated Valuation
Pomanda estimates the enterprise value of CORINDALE PROPERTIES LIMITED at £1.3m based on a Turnover of £424k and 3.02x industry multiple (adjusted for size and gross margin).
corindale properties limited Estimated Valuation
Pomanda estimates the enterprise value of CORINDALE PROPERTIES LIMITED at £670.3k based on an EBITDA of £105k and a 6.39x industry multiple (adjusted for size and gross margin).
corindale properties limited Estimated Valuation
Pomanda estimates the enterprise value of CORINDALE PROPERTIES LIMITED at £3.8m based on Net Assets of £2.4m and 1.6x industry multiple (adjusted for liquidity).
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Corindale Properties Limited Overview
Corindale Properties Limited is a live company located in ipswich, IP1 3JB with a Companies House number of 03488857. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in January 1998, it's largest shareholder is mr k.p. cattermole with a 50% stake. Corindale Properties Limited is a mature, micro sized company, Pomanda has estimated its turnover at £424k with high growth in recent years.
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Corindale Properties Limited Health Check
Pomanda's financial health check has awarded Corindale Properties Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £424k, make it smaller than the average company (£787.9k)
- Corindale Properties Limited
£787.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (3.3%)
- Corindale Properties Limited
3.3% - Industry AVG
Production
with a gross margin of 70.3%, this company has a comparable cost of product (70.3%)
- Corindale Properties Limited
70.3% - Industry AVG
Profitability
an operating margin of 24.8% make it as profitable than the average company (26.8%)
- Corindale Properties Limited
26.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Corindale Properties Limited
4 - Industry AVG
Pay Structure
on an average salary of £40.5k, the company has an equivalent pay structure (£40.5k)
- Corindale Properties Limited
£40.5k - Industry AVG
Efficiency
resulting in sales per employee of £212k, this is equally as efficient (£186.4k)
- Corindale Properties Limited
£186.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Corindale Properties Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Corindale Properties Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 8145 days, this is more than average (611 days)
- Corindale Properties Limited
611 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is more cash available to meet short term requirements (7 weeks)
19 weeks - Corindale Properties Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.5%, this is a lower level of debt than the average (64%)
27.5% - Corindale Properties Limited
64% - Industry AVG
CORINDALE PROPERTIES LIMITED financials
Corindale Properties Limited's latest turnover from April 2024 is estimated at £424 thousand and the company has net assets of £2.4 million. According to their latest financial statements, Corindale Properties Limited has 2 employees and maintains cash reserves of £94.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 84 | 335 | 586 | 506 | 1,110 | |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 84 | 335 | 586 | 506 | 1,110 | |
| Stock & work in progress | 2,808,756 | 2,383,090 | 2,159,417 | 2,561,487 | 2,561,487 | 3,432,239 | 4,395,421 | 5,177,997 | 4,622,030 | 3,652,472 | 3,212,519 | 3,682,916 | 3,140,619 | 3,097,126 | 3,220,974 |
| Trade Debtors | 121,429 | 142,014 | 92,504 | 80,896 | 87,578 | 2,692 | |||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 381,075 | 771,167 | 663,832 | 49,555 | 28,862 | 32,618 | 32,522 | 25,911 | 49,414 | ||||||
| Cash | 94,078 | 202,261 | 709,063 | 28,159 | 563,090 | 67,439 | 18,320 | 28,344 | 21,915 | 75,949 | 17,502 | 23,217 | 23,110 | 25,175 | 22,739 |
| misc current assets | |||||||||||||||
| total current assets | 3,283,909 | 3,356,518 | 3,532,312 | 2,639,201 | 3,153,439 | 3,532,296 | 4,446,263 | 5,232,252 | 4,693,359 | 3,849,850 | 3,372,035 | 3,798,637 | 3,244,625 | 3,209,879 | 3,246,405 |
| total assets | 3,283,909 | 3,356,520 | 3,532,314 | 2,639,203 | 3,153,441 | 3,532,298 | 4,446,265 | 5,232,254 | 4,693,361 | 3,849,852 | 3,372,119 | 3,798,972 | 3,245,211 | 3,210,385 | 3,247,515 |
| Bank overdraft | 56,134 | 13,922 | 29,523 | 949,319 | 962,501 | 809,403 | 581,831 | ||||||||
| Bank loan | 57,249 | 55,264 | 924,294 | ||||||||||||
| Trade Creditors | 8,026 | 6,910 | 3,938 | 4,166 | 3,581 | 11,929 | 6,062 | 72,992 | 2,487,175 | 2,072,287 | 2,918,732 | 1,135,279 | 1,150,865 | 1,419,570 | |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 32,280 | 32,280 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 219,364 | 277,622 | 422,554 | 652,400 | 1,197,429 | 1,717,833 | 2,710,789 | 2,666,383 | 2,230,082 | ||||||
| total current liabilities | 251,644 | 317,928 | 485,598 | 670,260 | 1,201,595 | 1,721,414 | 2,809,490 | 3,677,028 | 3,227,368 | 2,487,175 | 2,072,287 | 2,918,732 | 2,097,780 | 1,960,268 | 2,001,401 |
| loans | 652,681 | 684,440 | 693,867 | 57,249 | 112,513 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 165,892 | 217,424 | 316,013 | 455,475 | 507,482 | ||||||||||
| provisions | 20 | 80 | 140 | 110 | 220 | ||||||||||
| total long term liabilities | 652,681 | 684,440 | 693,867 | 57,249 | 112,513 | 165,892 | 217,444 | 80 | 316,153 | 455,585 | 507,702 | ||||
| total liabilities | 904,325 | 1,002,368 | 1,179,465 | 670,260 | 1,201,595 | 1,721,414 | 2,809,490 | 3,734,277 | 3,339,881 | 2,653,067 | 2,289,731 | 2,918,812 | 2,413,933 | 2,415,853 | 2,509,103 |
| net assets | 2,379,584 | 2,354,152 | 2,352,849 | 1,968,943 | 1,951,846 | 1,810,884 | 1,636,775 | 1,497,977 | 1,353,480 | 1,196,785 | 1,082,388 | 880,160 | 831,278 | 794,532 | 738,412 |
| total shareholders funds | 2,379,584 | 2,354,152 | 2,352,849 | 1,968,943 | 1,951,846 | 1,810,884 | 1,636,775 | 1,497,977 | 1,353,480 | 1,196,785 | 1,082,388 | 880,160 | 831,278 | 794,532 | 738,412 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 82 | 251 | 251 | 672 | 604 | 604 | |||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | 425,666 | 223,673 | -402,070 | -870,752 | -963,182 | -782,576 | 555,967 | 969,558 | 439,953 | -470,397 | 542,297 | 43,493 | -123,848 | 3,220,974 | |
| Debtors | -390,092 | 107,335 | 614,277 | 20,693 | -3,756 | 96 | 6,611 | -23,503 | -72,015 | -20,585 | 49,510 | 11,608 | -6,682 | 84,886 | 2,692 |
| Creditors | -8,026 | 1,116 | 2,972 | -228 | 585 | -8,348 | 5,867 | -66,930 | -2,414,183 | 414,888 | -846,445 | 1,783,453 | -15,586 | -268,705 | 1,419,570 |
| Accruals and Deferred Income | -58,258 | -144,932 | -229,846 | -545,029 | -520,404 | -992,956 | 44,406 | 436,301 | 2,230,082 | ||||||
| Deferred Taxes & Provisions | -20 | -60 | -60 | 30 | -110 | 220 | |||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -57,249 | 1,985 | -869,030 | 924,294 | |||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | 32,280 | ||||||||||||||
| Long term loans | -31,759 | -9,427 | 693,867 | -57,249 | -55,264 | 112,513 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -165,892 | -51,532 | 217,424 | -316,013 | -139,462 | -52,007 | 507,482 | ||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -108,183 | -506,802 | 680,904 | -534,931 | 495,651 | 49,119 | -10,024 | 6,429 | -54,034 | 58,447 | -5,715 | 107 | -2,065 | 2,436 | 22,739 |
| overdraft | -56,134 | 42,212 | 13,922 | -29,523 | -919,796 | 949,319 | -962,501 | 153,098 | 227,572 | 581,831 | |||||
| change in cash | -108,183 | -450,668 | 638,692 | -548,853 | 495,651 | 78,642 | 909,772 | -942,890 | -54,034 | 58,447 | -5,715 | 962,608 | -155,163 | -225,136 | -559,092 |
corindale properties limited Credit Report and Business Information
Corindale Properties Limited Competitor Analysis
Perform a competitor analysis for corindale properties limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in IP1 area or any other competitors across 12 key performance metrics.
corindale properties limited Ownership
CORINDALE PROPERTIES LIMITED group structure
Corindale Properties Limited has no subsidiary companies.
Ultimate parent company
CORINDALE PROPERTIES LIMITED
03488857
corindale properties limited directors
Corindale Properties Limited currently has 2 directors. The longest serving directors include Mr Kevin Cattermole (Jan 1998) and Mr Jeremy Goddard (Jan 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Cattermole | England | 67 years | Jan 1998 | - | Director |
| Mr Jeremy Goddard | 71 years | Jan 1998 | - | Director |
P&L
April 2024turnover
424k
+34%
operating profit
105k
0%
gross margin
70.4%
+2.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
2.4m
+0.01%
total assets
3.3m
-0.02%
cash
94.1k
-0.53%
net assets
Total assets minus all liabilities
corindale properties limited company details
company number
03488857
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
January 1998
age
27
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
OXLADE & BOND LIMITED
auditor
-
address
10 neale street, ipswich, IP1 3JB
Bank
-
Legal Advisor
-
corindale properties 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 corindale properties limited. Currently there are 8 open charges and 3 have been satisfied in the past.
corindale properties 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.
Click to start generating capital raising & share issue transactions for CORINDALE PROPERTIES LIMITED. This can take several minutes, an email will notify you when this has completed.
corindale properties limited Companies House Filings - See Documents
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