Coroden Ltd

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coroden ltd Company Information

Company Number

03961773

Next Accounts

Dec 2025

Directors

Nitin Shah

Rajula Shah

Shareholders

nimesh shah

dhara shah

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Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Registered Address

20 acresfield road, timperley, altrincham, WA15 6HU

Website

caroden.co.uk

coroden ltd Estimated Valuation

£407.5k

Pomanda estimates the enterprise value of CORODEN LTD at £407.5k based on a Turnover of £167.1k and 2.44x industry multiple (adjusted for size and gross margin).

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Coroden Ltd is a live company located in altrincham, WA15 6HU with a Companies House number of 03961773. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 2000, it's largest shareholder is nimesh shah with a 44% stake. Coroden Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £167.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Coroden Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £167.1k, make it smaller than the average company (£922.9k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.8%)

EXPORT

Coroden Ltd's latest turnover from March 2024 is estimated at £167.1 thousand and the company has net assets of £129.4 thousand. According to their latest financial statements, Coroden Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	167,093	116,976	196,494	190,974	176,797	212,604	121,806	71,364	116,096	115,538	116,840	60,865	47,437	48,407	44,888
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	109,530	78,098	132,590	126,118	118,170	143,105	80,803	45,733	77,550	81,357	82,147	43,249	33,737	34,131	31,105
Gross Profit	57,563	38,878	63,904	64,856	58,627	69,499	41,003	25,632	38,546	34,181	34,693	17,616	13,700	14,276	13,783
Admin Expenses	90,777	38,589	68,639	73,902	53,786	51,957	4,143	-12,241	26,760	5,745	43,794	-3,181	-887	4,765	-43,761
Operating Profit	-33,214	289	-4,735	-9,046	4,841	17,542	36,860	37,873	11,786	28,436	-9,101	20,797	14,587	9,511	57,544
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	58	34	63	65	20	21	21	16	8
Pre-Tax Profit	-33,214	289	-4,735	-9,046	4,841	17,542	36,919	37,908	11,849	28,501	-9,081	20,817	14,608	9,528	57,553
Tax	0	-55	0	0	-920	-3,333	-7,015	-7,581	-2,370	-5,985	0	-4,996	-3,798	-2,668	-16,115
Profit After Tax	-33,214	234	-4,735	-9,046	3,921	14,209	29,904	30,326	9,479	22,516	-9,081	15,821	10,810	6,860	41,438
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-33,214	234	-4,735	-9,046	3,921	14,209	29,904	30,326	9,479	22,516	-9,081	15,821	10,810	6,860	41,438
Employee Costs	64,897	30,376	29,544	26,856	27,393	26,999	26,006	25,581	26,247	26,060	24,823	23,990	23,982	23,427	24,855
Number Of Employees	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-33,214	289	-4,735	-9,046	4,841	17,542	36,860	38,989	12,902	29,552	-7,985	20,797	14,587	9,511	57,544

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	353,166	353,610	353,861	354,001	354,413	353,224	352,856	353,967	355,083	356,199	357,315	282,851	282,851	282,851	282,851
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	353,166	353,610	353,861	354,001	354,413	353,224	352,856	353,967	355,083	356,199	357,315	282,851	282,851	282,851	282,851
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	28,323	23,538	66,956	63,492	51,967	37,079	18,819	4,446	12,236	6,727	8,573	3,573	675	850	1,100
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	23,374	4,053	21,188	4,974	3,185	5,043	3,267	3,318
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	28,323	23,538	66,956	63,492	51,967	37,079	18,819	27,820	16,289	27,915	13,547	6,758	5,718	4,117	4,418
total assets	381,489	377,148	420,817	417,493	406,380	390,303	371,675	381,787	371,372	384,114	370,862	289,609	288,569	286,968	287,269
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	248,935	208,864	90,294	66,853	49,347	218,021	211,810	240,647	249,470	261,250	260,053	159,668	164,597	164,205	164,220
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	248,935	208,864	90,294	66,853	49,347	218,021	211,810	240,647	249,470	261,250	260,053	159,668	164,597	164,205	164,220
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	3,112	5,628	168,101	183,483	180,830	0	1,792	12,871	23,959	34,400	44,861	54,912	64,764	74,365	81,511
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	3,112	5,628	168,101	183,483	180,830	0	1,792	12,871	23,959	34,400	44,861	54,912	64,764	74,365	81,511
total liabilities	252,047	214,492	258,395	250,336	230,177	218,021	213,602	253,518	273,429	295,650	304,914	214,580	229,361	238,570	245,731
net assets	129,442	162,656	162,422	167,157	176,203	172,282	158,073	128,269	97,943	88,464	65,948	75,029	59,208	48,398	41,538
total shareholders funds	129,442	162,656	162,422	167,157	176,203	172,282	158,073	128,269	97,943	88,464	65,948	75,029	59,208	48,398	41,538

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-33,214	289	-4,735	-9,046	4,841	17,542	36,860	37,873	11,786	28,436	-9,101	20,797	14,587	9,511	57,544
Depreciation	0	0	0	0	0	0	0	1,116	1,116	1,116	1,116	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-55	0	0	-920	-3,333	-7,015	-7,581	-2,370	-5,985	0	-4,996	-3,798	-2,668	-16,115
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	4,785	-43,418	3,464	11,525	14,888	18,260	14,373	-7,790	5,509	-1,846	5,000	2,898	-175	-250	1,100
Creditors	40,071	118,570	23,441	17,506	-168,674	6,211	-28,837	-8,823	-11,780	1,197	100,385	-4,929	392	-15	164,220
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,072	162,222	15,242	-3,065	-179,641	2,160	-13,365	30,375	-6,757	26,610	87,400	7,974	11,356	7,078	204,549
Investing Activities
capital expenditure	444	251	140	412	-1,189	-368	1,111	0	0	0	-75,580	0	0	0	-282,851
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	444	251	140	412	-1,189	-368	1,111	0	0	0	-75,580	0	0	0	-282,851
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	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	0
Long term loans	0	0	0	0	0	0	0	0	0	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	0
other long term liabilities	-2,516	-162,473	-15,382	2,653	180,830	-1,792	-11,079	-11,088	-10,441	-10,461	-10,051	-9,852	-9,601	-7,146	81,511
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	58	34	63	65	20	21	21	16	8
cash flow from financing	-2,516	-162,473	-15,382	2,653	180,830	-1,792	-11,121	-11,054	-10,378	-10,396	-10,031	-9,831	-9,580	-7,130	81,619
cash and cash equivalents
cash	0	0	0	0	0	0	-23,374	19,321	-17,135	16,214	1,789	-1,858	1,776	-51	3,318
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-23,374	19,321	-17,135	16,214	1,789	-1,858	1,776	-51	3,318

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CORODEN LTD group structure

Coroden Ltd has no subsidiary companies.

Ultimate parent company

CORODEN LTD

03961773

CORODEN LTD Shareholders

nimesh shah	44%
dhara shah	44%
rajula shah	10.8%
nitin shah	1.2%

Coroden Ltd currently has 2 directors. The longest serving directors include Mr Nitin Shah (Mar 2000) and Mrs Rajula Shah (May 2020).

officer	country	age	start	end	role
Mr Nitin Shah		69 years	Mar 2000	-	Director
Mrs Rajula Shah	England	68 years	May 2020	-	Director

P&L

March 2024

turnover

167.1k

+43%

operating profit

-33.2k

gross margin

34.5%

+3.65%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

129.4k

-0.2%

total assets

381.5k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

03961773

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

March 2000

ultimate parent company

None

previous names

N/A

address

20 acresfield road, timperley, altrincham, WA15 6HU

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 5 charges/mortgages relating to coroden ltd. Currently there are 3 open charges and 2 have been satisfied in the past.

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coroden ltd Company Information

coroden ltd Estimated Valuation

coroden ltd Estimated Valuation

coroden ltd Estimated Valuation

Coroden Ltd Overview

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CORODEN LTD financials

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