core assets resourcing limited
core assets resourcing limited Company Information
Company Number
04785611
Next Accounts
2734 days late
Shareholders
core assets group ltd
Group Structure
View All
Industry
Management consultancy activities (other than financial management)
Registered Address
abberley view, saxon business park, hanbury, road, stoke prior, bromsgrove, worcestershire, B60 4AD
Website
https://www.coreassets.comcore assets resourcing limited Estimated Valuation
Pomanda estimates the enterprise value of CORE ASSETS RESOURCING LIMITED at £391.3k based on a Turnover of £1.4m and 0.28x industry multiple (adjusted for size and gross margin).
core assets resourcing limited Estimated Valuation
Pomanda estimates the enterprise value of CORE ASSETS RESOURCING LIMITED at £0 based on an EBITDA of £-303k and a 2.4x industry multiple (adjusted for size and gross margin).
core assets resourcing limited Estimated Valuation
Pomanda estimates the enterprise value of CORE ASSETS RESOURCING LIMITED at £0 based on Net Assets of £-1.9m and 2.61x industry multiple (adjusted for liquidity).
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Core Assets Resourcing Limited Overview
Core Assets Resourcing Limited is a live company located in road, stoke prior, bromsgrove, B60 4AD with a Companies House number of 04785611. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in June 2003, it's largest shareholder is core assets group ltd with a 100% stake. Core Assets Resourcing Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Core Assets Resourcing Limited Health Check
Pomanda's financial health check has awarded Core Assets Resourcing Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £1.4m, make it larger than the average company (£340.2k)
£1.4m - Core Assets Resourcing Limited
£340.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (6.4%)
-28% - Core Assets Resourcing Limited
6.4% - Industry AVG
Production
with a gross margin of 5.8%, this company has a higher cost of product (60.2%)
5.8% - Core Assets Resourcing Limited
60.2% - Industry AVG
Profitability
an operating margin of -22.1% make it less profitable than the average company (11.6%)
-22.1% - Core Assets Resourcing Limited
11.6% - Industry AVG
Employees
with 10 employees, this is below the industry average (28)
10 - Core Assets Resourcing Limited
28 - Industry AVG
Pay Structure
on an average salary of £30.2k, the company has a lower pay structure (£56.5k)
£30.2k - Core Assets Resourcing Limited
£56.5k - Industry AVG
Efficiency
resulting in sales per employee of £140.7k, this is equally as efficient (£146.6k)
£140.7k - Core Assets Resourcing Limited
£146.6k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (56 days)
23 days - Core Assets Resourcing Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (32 days)
11 days - Core Assets Resourcing Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Core Assets Resourcing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (30 weeks)
2 weeks - Core Assets Resourcing Limited
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 356.5%, this is a higher level of debt than the average (62.1%)
356.5% - Core Assets Resourcing Limited
62.1% - Industry AVG
CORE ASSETS RESOURCING LIMITED financials
Core Assets Resourcing Limited's latest turnover from December 2015 is £1.4 million and the company has net assets of -£1.9 million. According to their latest financial statements, Core Assets Resourcing Limited has 10 employees and maintains cash reserves of £108 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Turnover | 1,407,000 | 2,515,000 | 4,345,000 | 3,747,000 | 5,113,000 | 10,131,000 | 7,323,462 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 1,325,000 | 2,299,000 | 3,877,000 | 3,217,000 | 4,478,000 | 8,090,000 | 5,600,741 |
| Gross Profit | 82,000 | 216,000 | 468,000 | 530,000 | 635,000 | 2,041,000 | 1,722,721 |
| Admin Expenses | 393,000 | 332,000 | 570,000 | 1,589,107 | |||
| Operating Profit | -311,000 | -116,000 | -102,000 | 133,614 | |||
| Interest Payable | 1,000 | 1,000 | 8,760 | ||||
| Interest Receivable | 308 | ||||||
| Pre-Tax Profit | -312,000 | -117,000 | -102,000 | -193,000 | -516,000 | 121,000 | 125,162 |
| Tax | -96,000 | 41,000 | 14,000 | 47,000 | 148,000 | -33,000 | 259,930 |
| Profit After Tax | -408,000 | -76,000 | -88,000 | -146,000 | -368,000 | 88,000 | 385,092 |
| Dividends Paid | |||||||
| Retained Profit | -408,000 | -76,000 | -88,000 | -146,000 | -368,000 | 88,000 | 385,092 |
| Employee Costs | 302,000 | 559,000 | 664,000 | 687,000 | 814,000 | 1,098,000 | 953,653 |
| Number Of Employees | 10 | 14 | 22 | 26 | 25 | 44 | 33 |
| EBITDA* | -303,000 | -109,000 | -95,000 | 139,927 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,000 | 10,000 | 15,000 | 22,000 | 12,000 | 32,000 | 18,409 |
| Intangible Assets | 1,000 | 1,000 | 770 | ||||
| Investments & Other | 200 | ||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 15,000 | 10,000 | 15,000 | 22,000 | 13,000 | 33,000 | 19,379 |
| Stock & work in progress | |||||||
| Trade Debtors | 91,000 | 147,000 | 887,000 | 414,000 | 474,000 | 1,148,000 | 1,385,674 |
| Group Debtors | 510,000 | 444,000 | 316,000 | 87,000 | 16,000 | 8,000 | 16,170 |
| Misc Debtors | 36,000 | 372,000 | 376,000 | 418,000 | 428,000 | 395,000 | 864,908 |
| Cash | 108,000 | 130,000 | 388,000 | 326,000 | 829,000 | 900,000 | 16 |
| misc current assets | |||||||
| total current assets | 745,000 | 1,093,000 | 1,967,000 | 1,245,000 | 1,747,000 | 2,451,000 | 2,266,768 |
| total assets | 760,000 | 1,103,000 | 1,982,000 | 1,267,000 | 1,760,000 | 2,484,000 | 2,286,147 |
| Bank overdraft | 140,338 | ||||||
| Bank loan | |||||||
| Trade Creditors | 41,000 | 44,000 | 19,000 | 113,000 | 96,000 | 160,000 | 280,977 |
| Group/Directors Accounts | 2,603,000 | 2,372,000 | 3,084,000 | 2,318,000 | 2,654,000 | 2,660,000 | 2,384,913 |
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 65,000 | 228,000 | 336,000 | 205,000 | 233,000 | 519,000 | 422,717 |
| total current liabilities | 2,709,000 | 2,644,000 | 3,439,000 | 2,636,000 | 2,983,000 | 3,339,000 | 3,228,945 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 2,709,000 | 2,644,000 | 3,439,000 | 2,636,000 | 2,983,000 | 3,339,000 | 3,228,945 |
| net assets | -1,949,000 | -1,541,000 | -1,457,000 | -1,369,000 | -1,223,000 | -855,000 | -942,798 |
| total shareholders funds | -1,949,000 | -1,541,000 | -1,457,000 | -1,369,000 | -1,223,000 | -855,000 | -942,798 |
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -311,000 | -116,000 | -102,000 | 133,614 | |||
| Depreciation | 8,000 | 7,000 | 7,000 | 10,000 | 20,000 | 19,595,000 | 6,136 |
| Amortisation | 1,000 | 178,000 | 177 | ||||
| Tax | -96,000 | 41,000 | 14,000 | 47,000 | 148,000 | -33,000 | 259,930 |
| Stock | |||||||
| Debtors | -326,000 | -616,000 | 660,000 | 1,000 | -633,000 | -715,752 | 2,266,752 |
| Creditors | -3,000 | 25,000 | -94,000 | 17,000 | -64,000 | -120,977 | 280,977 |
| Accruals and Deferred Income | -163,000 | -108,000 | 131,000 | -28,000 | -286,000 | 96,283 | 422,717 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -239,000 | 465,000 | -704,000 | -1,163,201 | |||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -200 | 200 | |||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | 231,000 | -712,000 | 766,000 | -336,000 | -6,000 | 275,087 | 2,384,913 |
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -1,000 | -1,000 | -8,452 | ||||
| cash flow from financing | 230,000 | -721,000 | 766,000 | -336,000 | -6,000 | 274,885 | 1,048,571 |
| cash and cash equivalents | |||||||
| cash | -22,000 | -258,000 | 62,000 | -503,000 | -71,000 | 899,984 | 16 |
| overdraft | -140,338 | 140,338 | |||||
| change in cash | -22,000 | -258,000 | 62,000 | -503,000 | -71,000 | 1,040,322 | -140,322 |
core assets resourcing limited Credit Report and Business Information
Core Assets Resourcing Limited Competitor Analysis
Perform a competitor analysis for core assets resourcing limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in B60 area or any other competitors across 12 key performance metrics.
core assets resourcing limited Ownership
CORE ASSETS RESOURCING LIMITED group structure
Core Assets Resourcing Limited has no subsidiary companies.
Ultimate parent company
URSAE BIDCO LTD
#0173982
2 parents
CORE ASSETS RESOURCING LIMITED
04785611
core assets resourcing limited directors
Core Assets Resourcing Limited currently has 3 directors. The longest serving directors include Mr Martin Cockburn (Jun 2003) and Ms Janet Rees (Jun 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Cockburn | England | 75 years | Jun 2003 | - | Director |
| Ms Janet Rees | England | 84 years | Jun 2003 | - | Director |
| Mr Jonathan Clark | United Kingdom | 47 years | Aug 2010 | - | Director |
P&L
December 2015turnover
1.4m
-44%
operating profit
-311k
+168%
gross margin
5.9%
-32.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2015net assets
-1.9m
+0.26%
total assets
760k
-0.31%
cash
108k
-0.17%
net assets
Total assets minus all liabilities
core assets resourcing limited company details
company number
04785611
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
June 2003
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2015
previous names
core assets consultancy & resourcing limited (August 2015)
outcomes (u.k.) limited (February 2013)
accountant
-
auditor
-
address
abberley view, saxon business park, hanbury, road, stoke prior, bromsgrove, worcestershire, B60 4AD
Bank
BARCLAYS BANK PLC
Legal Advisor
-
core assets resourcing 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 core assets resourcing limited.
core assets resourcing 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 CORE ASSETS RESOURCING LIMITED. This can take several minutes, an email will notify you when this has completed.
core assets resourcing limited Companies House Filings - See Documents
| date | description | view/download |
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