Pomanda estimates the enterprise value of CORCENTRIC LIMITED at £3.8m based on a Turnover of £4.2m and 0.9x industry multiple (adjusted for size and gross margin).
corcentric limitedEstimated Valuation
£2.9m
Pomanda estimates the enterprise value of CORCENTRIC LIMITED at £2.9m based on an EBITDA of £563.3k and a 5.18x industry multiple (adjusted for size and gross margin).
corcentric limitedEstimated Valuation
£4.8m
Pomanda estimates the enterprise value of CORCENTRIC LIMITED at £4.8m based on Net Assets of £2.3m and 2.14x industry multiple (adjusted for liquidity).
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Corcentric LimitedOverview
Corcentric Limited is a live company located in london, SW1E 6DR with a Companies House number of 03814021. It operates in the other information technology service activities sector, SIC Code 62090. Founded in July 1999, it's largest shareholder is
corcentric international limited
with a 100% stake. Corcentric Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£4.2m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Corcentric Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
2 Strong
4 Regular
5 Weak
Size
annual sales of £4.2m, make it smaller than the average company (£6.8m)
£4.2m - Corcentric Limited
£6.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (7%)
6% - Corcentric Limited
7% - Industry AVG
Production
with a gross margin of 57.5%, this company has a comparable cost of product (57.5%)
57.5% - Corcentric Limited
57.5% - Industry AVG
Profitability
an operating margin of 11.6% make it more profitable than the average company (3.9%)
11.6% - Corcentric Limited
3.9% - Industry AVG
Employees
with 26 employees, this is below the industry average (39)
26 - Corcentric Limited
39 - Industry AVG
Pay Structure
on an average salary of £75.9k, the company has an equivalent pay structure (£75.9k)
£75.9k - Corcentric Limited
£75.9k - Industry AVG
Efficiency
resulting in sales per employee of £162.9k, this is equally as efficient (£177k)
£162.9k - Corcentric Limited
£177k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is later than average (52 days)
64 days - Corcentric Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (35 days)
28 days - Corcentric Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Corcentric Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 25 weeks, this is more cash available to meet short term requirements (15 weeks)
25 weeks - Corcentric Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.6%, this is a higher level of debt than the average (60.8%)
78.6% - Corcentric Limited
60.8% - Industry AVG
CORCENTRIC LIMITED financials
EXPORT
Corcentric Limited's latest turnover from December 2023 is estimated at £4.2 million and the company has net assets of £2.3 million. According to their latest financial statements, Corcentric Limited has 26 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
4,234,653
4,612,440
4,045,885
3,514,234
2,893,550
3,097,228
3,529,702
2,754,107
2,669,720
3,136,175
2,954,784
1,242,799
1,072,925
815,741
Other Income Or Grants
Cost Of Sales
1,799,042
1,931,526
1,730,260
1,535,164
1,295,048
1,403,301
1,624,892
1,243,188
1,198,682
1,387,935
1,352,113
574,221
487,393
362,756
Gross Profit
2,435,612
2,680,915
2,315,625
1,979,070
1,598,502
1,693,926
1,904,809
1,510,919
1,471,038
1,748,240
1,602,671
668,579
585,532
452,985
Admin Expenses
1,945,339
2,616,076
1,891,024
1,512,626
1,005,584
802,341
1,930,552
1,495,906
1,231,653
1,390,115
1,413,415
524,892
574,944
417,560
523,632
Operating Profit
490,273
64,839
424,601
466,444
592,918
891,585
-25,743
15,013
239,385
358,125
189,256
143,687
10,588
35,425
-523,632
Interest Payable
441,083
2,906
9,210
8,635
6,068
3,746
2,802
6,263
3,461
Interest Receivable
61,403
11,508
916
355
1,130
83
29
21
152
176
51
74
74
1
1
Pre-Tax Profit
110,593
76,347
425,517
466,799
591,143
882,458
-34,350
8,965
235,791
358,301
189,306
143,762
7,861
29,164
-527,092
Tax
-27,648
-14,506
-80,848
-88,692
-112,317
-167,667
-1,793
-47,158
-75,243
-43,540
-34,503
-2,044
-8,166
Profit After Tax
82,945
61,841
344,669
378,107
478,826
714,791
-34,350
7,172
188,633
283,058
145,766
109,259
5,817
20,998
-527,092
Dividends Paid
Retained Profit
82,945
61,841
344,669
378,107
478,826
714,791
-34,350
7,172
188,633
283,058
145,766
109,259
5,817
20,998
-527,092
Employee Costs
1,972,794
1,475,492
1,305,849
1,224,277
1,330,048
1,467,371
1,282,546
1,259,937
1,248,911
1,117,748
1,098,636
479,721
372,025
326,335
Number Of Employees
26
21
20
20
22
25
24
24
24
22
22
10
8
7
EBITDA*
563,277
81,959
440,658
471,298
598,678
910,559
-6,055
38,368
239,385
365,650
200,771
165,968
35,491
61,498
-499,208
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
55,533
64,709
69,902
43,664
31,168
85,065
90,247
115,523
39,958
47,441
60,584
62,168
74,293
82,470
87,998
Intangible Assets
103,681
103,681
103,681
103,681
103,681
103,681
103,681
103,681
103,681
103,681
103,681
103,681
103,681
103,681
103,681
Investments & Other
Debtors (Due After 1 year)
917,650
1,350,646
1,210,955
740,218
740,218
Total Fixed Assets
1,076,864
1,519,036
1,384,538
887,563
875,067
188,746
193,928
219,204
143,639
151,122
164,265
165,849
177,974
186,151
191,679
Stock & work in progress
Trade Debtors
748,861
991,074
839,934
677,555
513,516
537,611
639,672
399,645
524,300
456,229
163,183
139,968
114,583
128,417
Group Debtors
6,679,007
66,251
Misc Debtors
85,952
86,193
71,390
40,353
104,193
691,185
290,607
139,948
597,249
Cash
1,989,805
349,373
308,234
424,639
285,272
16,174
5,875
5,641
10,800
50,195
20,233
44
29,732
536
misc current assets
1
20,274
7,120
total current assets
9,503,626
1,426,640
1,219,558
1,208,798
902,981
1,265,244
936,154
552,354
608,049
574,495
476,462
163,227
169,700
114,583
128,953
total assets
10,580,490
2,945,676
2,604,096
2,096,361
1,778,048
1,453,990
1,130,082
771,558
751,688
725,617
640,727
329,076
347,674
300,734
320,632
Bank overdraft
22,260
7,738
14,732
Bank loan
Trade Creditors
140,645
194,191
165,279
153,316
123,529
152,972
331,193
188,037
209,093
401,942
567,851
379,097
333,417
212,351
232,965
Group/Directors Accounts
14,697
246,574
6,920
41,500
29,000
33,635
other short term finances
3,595,609
86,092
78,432
hp & lease commitments
58,798
13,049
13,049
other current liabilities
311,685
316,900
305,498
162,764
254,719
225,834
280,157
133,349
160,566
total current liabilities
4,062,636
757,665
477,697
316,080
378,248
523,696
766,591
371,173
418,026
401,942
567,851
379,097
333,417
212,351
232,965
loans
4,245,864
86,101
71,175
100,537
86,212
106,494
hp & lease commitments
59,885
72,935
Accruals and Deferred Income
other liabilities
29,255
59,123
82,514
264,534
258,265
258,265
provisions
10,550
9,516
9,745
8,296
5,922
15,242
17,244
21,664
5,686
6,614
9,005
8,483
total long term liabilities
4,256,414
9,516
9,745
8,296
5,922
15,242
163,230
165,774
106,223
35,869
68,128
90,997
264,534
344,477
364,759
total liabilities
8,319,050
767,181
487,442
324,376
384,170
538,938
929,821
536,947
524,249
437,811
635,979
470,094
597,951
556,828
597,724
net assets
2,261,440
2,178,495
2,116,654
1,771,985
1,393,878
915,052
200,261
234,611
227,439
287,806
4,748
-141,018
-250,277
-256,094
-277,092
total shareholders funds
2,261,440
2,178,495
2,116,654
1,771,985
1,393,878
915,052
200,261
234,611
227,439
287,806
4,748
-141,018
-250,277
-256,094
-277,092
Dec 2023
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
490,273
64,839
424,601
466,444
592,918
891,585
-25,743
15,013
239,385
358,125
189,256
143,687
10,588
35,425
-523,632
Depreciation
19,685
17,120
16,057
4,854
5,760
18,974
19,688
23,355
7,525
11,515
22,281
24,903
26,073
24,424
Amortisation
53,319
Tax
-27,648
-14,506
-80,848
-88,692
-112,317
-167,667
-1,793
-47,158
-75,243
-43,540
-34,503
-2,044
-8,166
Stock
Debtors
6,003,557
305,634
597,902
166,450
129,131
298,517
390,686
-57,656
72,949
68,071
293,046
23,215
25,385
-13,834
128,417
Creditors
-53,546
28,912
11,963
29,787
-29,443
-178,221
143,156
-21,056
-192,849
-165,909
188,754
45,680
121,066
-20,614
232,965
Accruals and Deferred Income
-5,215
11,402
142,734
-91,955
28,885
-54,323
146,808
-27,217
160,566
Deferred Taxes & Provisions
1,034
-229
1,449
2,374
-9,320
-2,002
-4,420
15,978
-928
-2,391
522
8,483
Cash flow from operations
-5,525,655
-198,096
-81,946
156,362
347,352
209,829
-111,197
61,936
86,067
54,036
53,461
162,413
129,128
46,552
-394,660
Investing Activities
capital expenditure
-63,828
-11,927
-42,295
-17,350
48,137
-13,792
5,588
-98,920
7,483
5,618
-9,931
-10,156
-16,726
-20,545
-216,103
Change in Investments
cash flow from investments
-63,828
-11,927
-42,295
-17,350
48,137
-13,792
5,588
-98,920
7,483
5,618
-9,931
-10,156
-16,726
-20,545
-216,103
Financing Activities
Bank loans
Group/Directors Accounts
-231,877
239,654
6,920
-41,500
12,500
-4,635
33,635
Other Short Term Loans
3,595,609
-86,092
7,660
78,432
Long term loans
4,245,864
-86,101
14,926
-29,362
100,537
-86,212
-20,282
106,494
Hire Purchase and Lease Commitments
-58,798
-14,136
-13,050
85,984
other long term liabilities
-29,255
-29,868
-23,391
-182,020
6,269
258,265
share issue
-249,000
250,000
interest
-379,680
11,508
916
355
-1,776
-9,127
-8,606
-6,047
-3,594
176
51
74
-2,728
-6,262
-3,460
cash flow from financing
7,229,916
251,162
7,836
355
-146,666
-143,204
84,202
45,940
-147,677
-29,692
-23,340
-181,946
-82,671
-26,544
611,299
cash and cash equivalents
cash
1,640,432
41,139
-116,405
139,367
269,098
10,299
234
-5,159
-39,395
29,962
20,189
-29,688
29,732
-536
536
overdraft
-22,260
14,522
-6,994
14,732
change in cash
1,640,432
41,139
-116,405
139,367
269,098
32,559
-14,288
1,835
-54,127
29,962
20,189
-29,688
29,732
-536
536
corcentric limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for corcentric limited. Get real-time insights into corcentric limited's credit score, group structure and payment trends.
Perform a competitor analysis for corcentric limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in SW1E area or any other competitors across 12 key performance metrics.
63110 - Data processing, hosting and related activities
62090 - Other information technology and computer service activities
incorporation date
July 1999
age
26
incorporated
UK
ultimate parent company
CORCENTRIC INC
accounts
Small Company
last accounts submitted
December 2023
previous names
netsend limited (January 2021)
newsnet corporation limited (July 2013)
accountant
ASHON LIMITED
auditor
-
address
1 castle lane, london, SW1E 6DR
Bank
BARCLAYS BANK PLC
Legal Advisor
-
corcentric 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 8 charges/mortgages relating to corcentric limited. Currently there are 4 open charges and 4 have been satisfied in the past.
corcentric 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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corcentric limitedCompanies House Filings - See Documents
