curo places limited
curo places limited Company Information
Company Number
03574882
Website
curo-group.co.ukRegistered Address
the maltings, river place lower bristol road, bath, BA2 1EP
Industry
Renting and operating of Housing Association real estate
Telephone
01225366000
Next Accounts Due
3239 days late
Group Structure
View All
Shareholders
-0%
curo places limited Estimated Valuation
Pomanda estimates the enterprise value of CURO PLACES LIMITED at £514.9m based on a Turnover of £54.6m and 9.42x industry multiple (adjusted for size and gross margin).
curo places limited Estimated Valuation
Pomanda estimates the enterprise value of CURO PLACES LIMITED at £344.2m based on an EBITDA of £17.8m and a 19.38x industry multiple (adjusted for size and gross margin).
curo places limited Estimated Valuation
Pomanda estimates the enterprise value of CURO PLACES LIMITED at £122m based on Net Assets of £72.5m and 1.68x industry multiple (adjusted for liquidity).
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Curo Places Limited Overview
Curo Places Limited is a converted/closed company that was located in bath, BA2 1EP with a Companies House number of 03574882. It operated in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in June 1998, it's largest shareholder was unknown. The last turnover for Curo Places Limited was estimated at £54.6m.
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Curo Places Limited Health Check
Pomanda's financial health check has awarded Curo Places Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £54.6m, make it larger than the average company (£617k)
£54.6m - Curo Places Limited
£617k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (2.2%)
8% - Curo Places Limited
2.2% - Industry AVG
Production
with a gross margin of 60.5%, this company has a comparable cost of product (60.5%)
60.5% - Curo Places Limited
60.5% - Industry AVG
Profitability
an operating margin of 20.1% make it less profitable than the average company (34.8%)
20.1% - Curo Places Limited
34.8% - Industry AVG
Employees
with 264 employees, this is above the industry average (15)
264 - Curo Places Limited
15 - Industry AVG
Pay Structure
on an average salary of £31.6k, the company has an equivalent pay structure (£27.3k)
£31.6k - Curo Places Limited
£27.3k - Industry AVG
Efficiency
resulting in sales per employee of £207k, this is more efficient (£143.6k)
£207k - Curo Places Limited
£143.6k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (19 days)
12 days - Curo Places Limited
19 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (51 days)
31 days - Curo Places Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (88 days)
4 days - Curo Places Limited
88 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (16 weeks)
10 weeks - Curo Places Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.4%, this is a higher level of debt than the average (67.8%)
76.4% - Curo Places Limited
67.8% - Industry AVG
CURO PLACES LIMITED financials
Curo Places Limited's latest turnover from March 2014 is £54.6 million and the company has net assets of £72.5 million. According to their latest financial statements, Curo Places Limited has 264 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|
| Turnover | 54,641,000 | 50,567,000 | 47,824,000 | 43,613,000 | 39,778,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | 10,969,000 | 7,100,000 | 14,133,000 | 16,932,000 | 10,112,000 |
| Interest Payable | 7,015,000 | 6,617,000 | 5,816,000 | 4,287,000 | 5,496,000 |
| Interest Receivable | 1,285,000 | 803,000 | 915,000 | 94,000 | 752,000 |
| Pre-Tax Profit | 7,177,000 | 1,445,000 | 9,295,000 | 12,563,000 | 5,707,000 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 7,177,000 | 1,445,000 | 9,295,000 | 12,563,000 | 5,707,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 7,177,000 | 1,445,000 | 9,295,000 | 12,563,000 | 5,707,000 |
| Employee Costs | 8,333,000 | 7,894,000 | 7,988,000 | 7,411,000 | 7,014,000 |
| Number Of Employees | 264 | 236 | 255 | 236 | 242 |
| EBITDA* | 17,754,000 | 13,589,000 | 19,530,000 | 23,511,000 | 14,434,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|
| Tangible Assets | 274,954,000 | 249,746,000 | 233,901,000 | 216,466,000 | 175,877,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 165,000 | 0 | 0 |
| Debtors (Due After 1 year) | 20,083,000 | 6,386,000 | 1,070,000 | 1,070,000 | 1,068,000 |
| Total Fixed Assets | 295,037,000 | 256,132,000 | 235,136,000 | 217,536,000 | 176,945,000 |
| Stock & work in progress | 292,000 | 1,898,000 | 1,518,000 | 1,077,000 | 302,000 |
| Trade Debtors | 1,797,000 | 1,612,000 | 1,360,000 | 883,000 | 930,000 |
| Group Debtors | 4,058,000 | 6,309,000 | 10,568,000 | 43,000 | 21,000 |
| Misc Debtors | 2,978,000 | 3,075,000 | 3,696,000 | 2,538,000 | 3,663,000 |
| Cash | 3,008,000 | 624,000 | 1,000 | 3,552,000 | 3,812,000 |
| misc current assets | 603,000 | 848,000 | 610,000 | 531,000 | 0 |
| total current assets | 12,736,000 | 14,366,000 | 17,753,000 | 8,624,000 | 8,728,000 |
| total assets | 307,773,000 | 270,498,000 | 252,889,000 | 226,160,000 | 185,673,000 |
| Bank overdraft | 1,000 | 1,000 | 18,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,873,000 | 2,113,000 | 756,000 | 602,000 | 817,000 |
| Group/Directors Accounts | 544,000 | 670,000 | 130,000 | 13,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,284,000 | 12,650,000 | 12,111,000 | 10,597,000 | 6,660,000 |
| total current liabilities | 14,702,000 | 15,434,000 | 13,015,000 | 11,212,000 | 7,477,000 |
| loans | 212,529,000 | 182,500,000 | 168,750,000 | 153,739,000 | 146,699,000 |
| hp & lease commitments | 686,000 | 115,000 | 477,000 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 220,580,000 | 192,833,000 | 177,396,000 | 160,239,000 | 153,974,000 |
| total liabilities | 235,282,000 | 208,267,000 | 190,411,000 | 171,451,000 | 161,451,000 |
| net assets | 72,491,000 | 62,231,000 | 62,478,000 | 54,709,000 | 24,222,000 |
| total shareholders funds | 72,491,000 | 62,231,000 | 62,478,000 | 54,709,000 | 24,222,000 |
| Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 10,969,000 | 7,100,000 | 14,133,000 | 16,932,000 | 10,112,000 |
| Depreciation | 6,785,000 | 6,489,000 | 5,397,000 | 6,579,000 | 4,322,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Stock | -1,606,000 | 380,000 | 441,000 | 775,000 | 302,000 |
| Debtors | 11,534,000 | 688,000 | 12,160,000 | -1,148,000 | 5,682,000 |
| Creditors | -240,000 | 1,357,000 | 154,000 | -215,000 | 817,000 |
| Accruals and Deferred Income | -366,000 | 539,000 | 1,514,000 | 3,937,000 | 6,660,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 7,220,000 | 14,417,000 | 8,597,000 | 27,606,000 | 15,927,000 |
| Investing Activities | |||||
| capital expenditure | -15,483,000 | ||||
| Change in Investments | 0 | -165,000 | 165,000 | 0 | 0 |
| cash flow from investments | -15,483,000 | ||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -126,000 | 540,000 | 117,000 | 13,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 30,029,000 | 13,750,000 | 15,011,000 | 7,040,000 | 146,699,000 |
| Hire Purchase and Lease Commitments | 571,000 | -362,000 | 477,000 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -5,730,000 | -5,814,000 | -4,901,000 | -4,193,000 | -4,744,000 |
| cash flow from financing | 27,827,000 | 6,422,000 | 9,178,000 | 20,784,000 | 160,470,000 |
| cash and cash equivalents | |||||
| cash | 2,384,000 | 623,000 | -3,551,000 | -260,000 | 3,812,000 |
| overdraft | 0 | -17,000 | 18,000 | 0 | 0 |
| change in cash | 2,384,000 | 640,000 | -3,569,000 | -260,000 | 3,812,000 |
curo places limited Credit Report and Business Information
Curo Places Limited Competitor Analysis
Perform a competitor analysis for curo places limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in BA2 area or any other competitors across 12 key performance metrics.
curo places limited Ownership
CURO PLACES LIMITED group structure
Curo Places Limited has 2 subsidiary companies.
Ultimate parent company
CURO PLACES LIMITED
03574882
2 subsidiaries
curo places limited directors
Curo Places Limited currently has 11 directors. The longest serving directors include Ms Janet Durk (Sep 2007) and Councillor Robin Appleyard (Feb 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Janet Durk | 78 years | Sep 2007 | - | Director | |
| Councillor Robin Appleyard | 72 years | Feb 2008 | - | Director | |
| Mr Charles Thomas | Uk | 73 years | May 2011 | - | Director |
| Mr Martin Nurse | 74 years | Sep 2011 | - | Director | |
| Mr Dermot Courtier | United Kingdom | 67 years | Sep 2011 | - | Director |
| Mr Brian Tapp | Uk | 73 years | Sep 2011 | - | Director |
| Ms Claire Lerpiniere | 54 years | Dec 2011 | - | Director | |
| Mr William Durie | 83 years | Nov 2012 | - | Director | |
| Mr Alex Marsh | 56 years | Oct 2013 | - | Director | |
| Mrs Sandie Lewis | 72 years | Oct 2013 | - | Director |
P&L
March 2014turnover
54.6m
+8%
operating profit
11m
+54%
gross margin
60.6%
-10.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2014net assets
72.5m
+0.16%
total assets
307.8m
+0.14%
cash
3m
+3.82%
net assets
Total assets minus all liabilities
Similar Companies
curo places limited company details
company number
03574882
Type
Private Ltd By Guarantee w/o Share Cap
industry
68201 - Renting and operating of Housing Association real estate
incorporation date
June 1998
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2014
previous names
somer community housing trust (February 2013)
accountant
-
auditor
-
address
the maltings, river place lower bristol road, bath, BA2 1EP
Bank
BARCLAYS BANK PLC
Legal Advisor
-
curo places 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 curo places limited.
curo places limited Companies House Filings - See Documents
| date | description | view/download |
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