Pomanda estimates the enterprise value of I & C CORLETT LIMITED at £82.5k based on a Turnover of £229.6k and 0.36x industry multiple (adjusted for size and gross margin).
i & c corlett limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of I & C CORLETT LIMITED at £0 based on an EBITDA of £-19.2k and a 2.57x industry multiple (adjusted for size and gross margin).
i & c corlett limitedEstimated Valuation
£51.2k
Pomanda estimates the enterprise value of I & C CORLETT LIMITED at £51.2k based on Net Assets of £21.6k and 2.37x industry multiple (adjusted for liquidity).
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I & C Corlett LimitedOverview
I & C Corlett Limited is a live company located in rochdale, OL12 7RF with a Companies House number of 04367101. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2002, it's largest shareholder is
david corlett
with a 26% stake. I & C Corlett Limited is a mature,
micro sized company, Pomanda has estimated its turnover at
£229.6k with
high
growth in recent years.
Pomanda's financial health check has awarded I & C Corlett Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £229.6k, make it smaller than the average company (£3.7m)
£229.6k - I & C Corlett Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (8.3%)
22% - I & C Corlett Limited
8.3% - Industry AVG
Production
with a gross margin of 17.1%, this company has a higher cost of product (37.9%)
17.1% - I & C Corlett Limited
37.9% - Industry AVG
Profitability
an operating margin of -9.7% make it less profitable than the average company (5.7%)
-9.7% - I & C Corlett Limited
5.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (22)
5 - I & C Corlett Limited
22 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
£46.6k - I & C Corlett Limited
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £45.9k, this is less efficient (£145.7k)
£45.9k - I & C Corlett Limited
£145.7k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is near the average (36 days)
32 days - I & C Corlett Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 213 days, this is slower than average (33 days)
213 days - I & C Corlett Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is less than average (28 days)
18 days - I & C Corlett Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 43 weeks, this is more cash available to meet short term requirements (26 weeks)
43 weeks - I & C Corlett Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84%, this is a higher level of debt than the average (59%)
84% - I & C Corlett Limited
59% - Industry AVG
I & C CORLETT LIMITED financials
EXPORT
I & C Corlett Limited's latest turnover from March 2024 is estimated at £229.6 thousand and the company has net assets of £21.6 thousand. According to their latest financial statements, I & C Corlett Limited has 5 employees and maintains cash reserves of £93.2 thousand 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
229,648
209,053
218,567
126,441
224,127
248,102
226,716
207,495
170,098
157,287
192,438
185,958
230,091
181,573
231,706
Other Income Or Grants
Cost Of Sales
190,423
172,651
183,307
106,625
185,601
206,752
188,721
170,860
140,700
131,014
160,417
154,069
188,616
148,013
187,010
Gross Profit
39,225
36,401
35,259
19,816
38,526
41,350
37,995
36,635
29,398
26,273
32,021
31,889
41,475
33,559
44,696
Admin Expenses
61,426
39,682
23,216
5,828
42,080
49,739
39,003
27,516
31,458
19,844
10,414
33,169
41,924
34,662
42,120
Operating Profit
-22,201
-3,281
12,043
13,988
-3,554
-8,389
-1,008
9,119
-2,060
6,429
21,607
-1,280
-449
-1,103
2,576
Interest Payable
Interest Receivable
5,003
4,173
725
89
85
689
438
196
356
316
320
327
289
277
152
Pre-Tax Profit
-17,198
891
12,768
14,078
-3,469
-7,700
-570
9,315
-1,704
6,746
21,927
-953
-160
-827
2,728
Tax
-169
-2,426
-2,675
-1,863
-1,417
-5,043
-764
Profit After Tax
-17,198
722
10,342
11,403
-3,469
-7,700
-570
7,452
-1,704
5,329
16,884
-953
-160
-827
1,964
Dividends Paid
Retained Profit
-17,198
722
10,342
11,403
-3,469
-7,700
-570
7,452
-1,704
5,329
16,884
-953
-160
-827
1,964
Employee Costs
233,223
223,836
253,471
240,813
238,507
308,605
254,545
213,389
35,692
35,582
35,314
34,814
34,731
34,318
35,429
Number Of Employees
5
5
6
6
6
8
7
6
1
1
1
1
1
1
1
EBITDA*
-19,153
784
15,181
17,546
-1,178
-6,308
796
11,522
612
13,943
29,825
7,596
10,159
7,931
12,058
* 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
11,478
14,526
14,380
13,012
16,570
14,403
7,743
9,547
10,350
10,873
12,986
14,961
13,160
8,435
9,781
Intangible Assets
4,666
9,333
14,000
21,000
28,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
11,478
14,526
14,380
13,012
16,570
14,403
7,743
9,547
10,350
10,873
17,652
24,294
27,160
29,435
37,781
Stock & work in progress
9,895
9,750
8,000
7,085
7,070
7,000
7,000
7,500
7,700
7,300
7,900
8,700
8,360
8,550
8,475
Trade Debtors
20,329
20,991
22,667
12,893
17,940
18,137
16,654
22,287
21,007
23,343
27,498
19,332
34,103
27,453
38,683
Group Debtors
Misc Debtors
9,409
Cash
93,151
97,426
98,927
94,408
84,547
85,801
97,830
77,552
79,292
63,069
63,465
64,612
65,997
49,765
60,835
misc current assets
total current assets
123,375
128,167
129,594
123,795
109,557
110,938
121,484
107,339
107,999
93,712
98,863
92,644
108,460
85,768
107,993
total assets
134,853
142,693
143,974
136,807
126,127
125,341
129,227
116,886
118,349
104,585
116,515
116,938
135,620
115,203
145,774
Bank overdraft
Bank loan
Trade Creditors
111,516
102,149
103,722
10,604
106,685
102,854
101,708
88,797
97,712
82,244
99,503
116,810
134,539
113,966
143,710
Group/Directors Accounts
57,834
other short term finances
hp & lease commitments
other current liabilities
38,190
total current liabilities
111,516
102,149
103,722
106,628
106,685
102,854
101,708
88,797
97,712
82,244
99,503
116,810
134,539
113,966
143,710
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
1,718
1,727
2,157
2,426
3,092
2,668
total long term liabilities
1,718
1,727
2,157
2,426
3,092
2,668
total liabilities
113,234
103,876
105,879
109,054
109,777
105,522
101,708
88,797
97,712
82,244
99,503
116,810
134,539
113,966
143,710
net assets
21,619
38,817
38,095
27,753
16,350
19,819
27,519
28,089
20,637
22,341
17,012
128
1,081
1,237
2,064
total shareholders funds
21,619
38,817
38,095
27,753
16,350
19,819
27,519
28,089
20,637
22,341
17,012
128
1,081
1,237
2,064
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
-22,201
-3,281
12,043
13,988
-3,554
-8,389
-1,008
9,119
-2,060
6,429
21,607
-1,280
-449
-1,103
2,576
Depreciation
3,048
4,065
3,138
3,558
2,376
2,081
1,804
2,403
2,672
2,848
3,551
4,209
3,608
2,034
2,482
Amortisation
4,666
4,667
4,667
7,000
7,000
7,000
Tax
-169
-2,426
-2,675
-1,863
-1,417
-5,043
-764
Stock
145
1,750
915
15
70
-500
-200
400
-600
-800
340
-190
75
8,475
Debtors
-662
-1,676
365
4,362
-197
1,483
-5,633
1,280
-2,336
-4,155
8,166
-14,771
6,650
-11,230
38,683
Creditors
9,367
-1,573
93,118
-96,081
3,831
1,146
12,911
-8,915
15,468
-17,259
-17,307
-17,729
20,573
-29,744
143,710
Accruals and Deferred Income
-38,190
38,190
Deferred Taxes & Provisions
-9
-430
-269
-666
424
2,668
Cash flow from operations
-9,278
-1,462
66,134
-48,063
3,204
-3,977
19,840
-336
18,016
22
109
4,298
24,272
-10,658
107,846
Investing Activities
capital expenditure
-4,211
-4,506
-4,543
-8,741
-1,600
-2,149
-735
-1,576
-6,010
-8,333
-688
-47,263
Change in Investments
cash flow from investments
-4,211
-4,506
-4,543
-8,741
-1,600
-2,149
-735
-1,576
-6,010
-8,333
-688
-47,263
Financing Activities
Bank loans
Group/Directors Accounts
-57,834
57,834
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
4
100
interest
5,003
4,173
725
89
85
689
438
196
356
316
320
327
289
277
152
cash flow from financing
5,003
4,173
-57,109
57,923
85
689
438
196
356
316
320
327
293
277
252
cash and cash equivalents
cash
-4,275
-1,501
4,519
9,861
-1,254
-12,029
20,278
-1,740
16,223
-396
-1,147
-1,385
16,232
-11,070
60,835
overdraft
change in cash
-4,275
-1,501
4,519
9,861
-1,254
-12,029
20,278
-1,740
16,223
-396
-1,147
-1,385
16,232
-11,070
60,835
i & c corlett 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 i & c corlett limited. Get real-time insights into i & c corlett limited's credit score, group structure and payment trends.
Perform a competitor analysis for i & c corlett limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in OL12 area or any other competitors across 12 key performance metrics.
i & c corlett limited Ownership
I & C CORLETT LIMITED group structure
I & C Corlett Limited has no subsidiary companies.
Ultimate parent company
I & C CORLETT LIMITED
04367101
I & C CORLETT LIMITED Shareholders
The largest shareholders in I & C Corlett Limited include David Corlett and Executors Of Karl Buckley.
david corlett
25.96%
executors of karl buckley
25.96%
ivan corlett
24.04%
carol corlett
24.04%
i & c corlett limited directors
I & C Corlett Limited currently has 3 directors.
The longest serving directors include
Mr David Corlett (Mar 2003) and
Ms Carol Corlett (Dec 2003).
82990 - Other business support service activities n.e.c.
incorporation date
February 2002
age
23
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
richmond ventures four limited (March 2003)
accountant
WYATT MORRIS GOLLAND LTD
auditor
-
address
woodhouse garage, forsyth street norden, rochdale, lancashire, OL12 7RF
Bank
-
Legal Advisor
-
i & c corlett 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 i & c corlett limited.
i & c corlett 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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i & c corlett limitedCompanies House Filings - See Documents
