Cornbrook Metal Recycling Limited

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cornbrook metal recycling limited Company Information

Live

MatureMidHigh

Company Number

04979907

Website

Registered Address

capital house, 272 manchester road, manchester, M43 6PW

Industry

Treatment and disposal of hazardous waste

Sale of used cars and light motor vehicles

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Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Ian Kayes20 Years

Shareholders

cornbrook metal recycling holding ltd 100%

cornbrook metal recycling limited Estimated Valuation

£13.5m

Pomanda estimates the enterprise value of CORNBROOK METAL RECYCLING LIMITED at £13.5m based on an EBITDA of £2.5m and a 5.3x industry multiple (adjusted for size and gross margin).

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Cornbrook Metal Recycling Limited is a live company located in manchester, M43 6PW with a Companies House number of 04979907. It operates in the treatment and disposal of non-hazardous waste sector, SIC Code 38210. Founded in December 2003, it's largest shareholder is cornbrook metal recycling holding ltd with a 100% stake. Cornbrook Metal Recycling Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.9m with high growth in recent years.

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Pomanda's financial health check has awarded Cornbrook Metal Recycling Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

9 Strong

1 Regular

2 Weak

Size

annual sales of £12.9m, make it larger than the average company (£10.1m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (3.9%)

EXPORT

Cornbrook Metal Recycling Limited's latest turnover from December 2022 is £12.9 million and the company has net assets of £3.4 million. According to their latest financial statements, Cornbrook Metal Recycling Limited has 17 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	12,880,746	2,086,786	2,369,244	6,966,159	2,129,938	1,914,954	1,681,988	443,888	4,538,892	4,142,346	3,158,912	2,057,274	2,183,661	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,004,820	1,645,002	1,875,888	5,633,441	1,740,307	1,553,216	1,366,199	365,105	3,778,545	3,402,667	2,598,967	1,671,574	1,729,990	0
Gross Profit	2,875,926	441,784	493,357	1,332,718	389,631	361,738	315,789	78,783	760,347	739,679	559,945	385,700	453,671	0
Admin Expenses	669,113	-54,501	-56,132	941,640	-560,470	-675,005	-657,275	246,130	634,317	680,234	737,182	333,375	255,805	-1,170,480
Operating Profit	2,206,813	496,285	549,489	391,078	950,101	1,036,743	973,064	-167,347	126,030	59,445	-177,237	52,325	197,866	1,170,480
Interest Payable	13,717	43,680	51,575	60,286	63,080	63,335	63,953	50,380	35,339	40,382	32,072	24,535	13,916	0
Interest Receivable	433	4,505	1,484	12,586	12,478	4,802	755	1,086	1,503	1,561	1,571	2,078	2,270	920
Pre-Tax Profit	2,193,529	457,111	499,398	343,378	899,500	978,210	909,866	-216,641	92,195	20,623	-207,739	29,868	186,219	1,171,400
Tax	-763,468	-86,851	-94,886	-65,242	-170,905	-185,860	-181,973	0	-19,361	-4,743	0	-7,766	-52,141	-327,992
Profit After Tax	1,430,061	370,260	404,512	278,136	728,595	792,350	727,893	-216,641	72,834	15,880	-207,739	22,102	134,078	843,408
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,430,061	370,260	404,512	278,136	728,595	792,350	727,893	-216,641	72,834	15,880	-207,739	22,102	134,078	843,408
Employee Costs	496,684	657,047	537,961	543,588	432,436	360,270	304,332	66,399	609,020	538,572	437,258	273,044	332,185	0
Number Of Employees	17	18	15	15	12	10	9	2	18	17	14	9	11	0
EBITDA*	2,537,850	689,646	873,732	670,996	1,107,688	1,194,950	1,196,745	52,300	329,201	259,547	70,443	180,983	296,301	1,286,898

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	3,148,143	2,754,765	2,746,051	3,006,665	2,194,536	1,955,532	2,117,146	2,181,623	1,993,585	2,026,624	2,203,804	1,993,489	799,969	356,392
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	657,598	657,598	657,598	657,598	657,598	657,598	657,598	657,598	657,598	657,598	657,598	657,598
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,148,143	2,754,765	3,403,649	3,664,263	2,852,134	2,613,130	2,774,744	2,839,221	2,651,183	2,684,222	2,861,402	2,651,087	1,457,567	1,013,990
Stock & work in progress	351,705	382,952	425,868	292,726	140,847	193,441	99,016	105,183	307,773	192,000	62,500	63,598	10,000	8,000
Trade Debtors	40,156	19,272	0	0	96,564	271,154	221,593	10,073	11,563	92,194	7,612	5,131	23,839	52,103
Group Debtors	271,560	710,000	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	72,905	94,108	89,839	283,605	42,431	10,856	4,182	6,011	0	0	0	0	0	0
Cash	1,120,692	2,102,478	1,501,896	1,465,518	1,890,629	1,436,919	483,793	120,104	314,265	287,120	337,092	291,156	539,961	367,906
misc current assets	0	0	0	110,422	96,249	35,755	32,000	127,014	27,411	21,182	42,479	20,324	80,640	14,788
total current assets	1,857,018	3,308,810	2,017,603	2,152,271	2,266,720	1,948,125	840,584	368,385	661,012	592,496	449,683	380,209	654,440	442,797
total assets	5,005,161	6,063,575	5,421,252	5,816,534	5,118,854	4,561,255	3,615,328	3,207,606	3,312,195	3,276,718	3,311,085	3,031,296	2,112,007	1,456,787
Bank overdraft	0	67,980	66,938	68,100	82,877	40,779	53,754	76,417	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	49,266	123,859	21,297	937,891	0	48,520	17,174	59,088	985,894	849,649	729,119	531,817	568,103	406,913
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,062,532	1,402,446	965,267	769,108	1,181,469	1,194,077	871,364	712,082	0	0	0	0	0	0
total current liabilities	1,111,798	1,594,285	1,053,502	1,775,099	1,264,346	1,283,376	942,292	847,587	985,894	849,649	729,119	531,817	568,103	406,913
loans	0	503,522	759,314	796,640	838,634	906,734	947,512	968,805	504,933	582,408	660,119	326,721	428,195	0
hp & lease commitments	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
other liabilities	0	0	13,026	53,897	103,112	186,978	333,707	319,865	630,778	738,296	824,015	908,203	138,221	206,464
provisions	497,534	0	0	0	0	0	0	407,425	310,025	298,634	305,981	264,965	0	0
total long term liabilities	497,534	503,522	772,340	850,537	941,746	1,093,712	1,281,219	1,696,095	1,445,736	1,619,338	1,790,115	1,499,889	566,416	206,464
total liabilities	1,609,332	2,097,807	1,825,842	2,625,636	2,206,092	2,377,088	2,223,511	2,543,682	2,431,630	2,468,987	2,519,234	2,031,706	1,134,519	613,377
net assets	3,395,829	3,965,768	3,595,410	3,190,898	2,912,762	2,184,167	1,391,817	663,924	880,565	807,731	791,851	999,590	977,488	843,410
total shareholders funds	3,395,829	3,965,768	3,595,410	3,190,898	2,912,762	2,184,167	1,391,817	663,924	880,565	807,731	791,851	999,590	977,488	843,410

	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	2,206,813	496,285	549,489	391,078	950,101	1,036,743	973,064	-167,347	126,030	59,445	-177,237	52,325	197,866	1,170,480
Depreciation	331,037	193,361	324,243	279,918	157,587	158,207	223,681	219,647	203,171	200,102	247,680	128,658	98,435	116,418
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-763,468	-86,851	-94,886	-65,242	-170,905	-185,860	-181,973	0	-19,361	-4,743	0	-7,766	-52,141	-327,992
Stock	-31,247	-42,916	133,142	151,879	-52,594	94,425	-6,167	-202,590	115,773	129,500	-1,098	53,598	2,000	8,000
Debtors	-438,759	733,541	-193,766	144,610	-143,015	56,235	209,691	4,521	-80,631	84,582	2,481	-18,708	-28,264	52,103
Creditors	-74,593	102,562	-916,594	937,891	-48,520	31,346	-41,914	-926,806	136,245	120,530	197,302	-36,286	161,190	406,913
Accruals and Deferred Income	-339,914	437,179	196,159	-412,361	-12,608	322,713	159,282	712,082	0	0	0	0	0	0
Deferred Taxes & Provisions	497,534	0	0	0	0	0	-407,425	97,400	11,391	-7,347	41,016	264,965	0	0
Cash flow from operations	2,327,415	451,911	119,035	834,795	1,071,264	1,212,489	521,191	133,045	422,334	153,905	307,378	367,006	431,614	1,305,716
Investing Activities
capital expenditure	0	-202,075	-63,629	-1,092,047	-396,591	3,407	-159,204	-407,685	-170,132	-22,922	-457,995	-1,322,178	-542,012	-472,810
Change in Investments	0	-657,598	0	0	0	0	0	0	0	0	0	0	0	657,598
cash flow from investments	0	455,523	-63,629	-1,092,047	-396,591	3,407	-159,204	-407,685	-170,132	-22,922	-457,995	-1,322,178	-542,012	-1,130,408
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-503,522	-255,792	-37,326	-41,994	-68,100	-40,778	-21,293	463,872	-77,475	-77,711	333,398	-101,474	428,195	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-13,026	-40,871	-49,215	-83,866	-146,729	13,842	-310,913	-107,518	-85,719	-84,188	769,982	-68,243	206,464
share issue	-2,000,000	98	0	0	0	0	0	0	0	0	0	0	0	2
interest	-13,284	-39,175	-50,091	-47,700	-50,602	-58,533	-63,198	-49,294	-33,836	-38,821	-30,501	-22,457	-11,646	920
cash flow from financing	-2,516,806	-307,895	-128,288	-138,909	-202,568	-246,040	-70,649	103,665	-218,829	-202,251	218,709	646,051	348,306	207,386
cash and cash equivalents
cash	-981,786	600,582	36,378	-425,111	453,710	953,126	363,689	-194,161	27,145	-49,972	45,936	-248,805	172,055	367,906
overdraft	-67,980	1,042	-1,162	-14,777	42,098	-12,975	-22,663	76,417	0	0	0	0	0	0
change in cash	-913,806	599,540	37,540	-410,334	411,612	966,101	386,352	-270,578	27,145	-49,972	45,936	-248,805	172,055	367,906

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for cornbrook metal recycling limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in M43 area or any other competitors across 12 key performance metrics.

CORNBROOK METAL RECYCLING LIMITED group structure

Cornbrook Metal Recycling Limited has no subsidiary companies.

Ultimate parent company

CORNBROOK METAL RECYCLING HOLDING LTD

13238673

1 parent

CORNBROOK METAL RECYCLING LIMITED

04979907

CORNBROOK METAL RECYCLING LIMITED Shareholders

cornbrook metal recycling holding ltd

100%

Cornbrook Metal Recycling Limited currently has 1 director, Mr Ian Kayes serving since Dec 2003.

officer	country	age	start	end	role
Mr Ian Kayes	England	55 years	Dec 2003	-	Director

P&L

December 2022

turnover

12.9m

operating profit

2.2m

gross margin

22.4%

turnover

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

Balance Sheet

December 2022

net assets

3.4m

-0.14%

total assets

-0.17%

cash

1.1m

-0.47%

net assets

Total assets minus all liabilities

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company number

04979907

Type

Private limited with Share Capital

industry

38210 - Treatment and disposal of non-hazardous waste

38220 - Treatment and disposal of hazardous waste

45112 - Sale of used cars and light motor vehicles

incorporation date

December 2003

accounts

Full Accounts

ultimate parent company

CORNBROOK METAL RECYCLING HOLDING LTD

previous names

N/A

last accounts submitted

December 2022

address

capital house, 272 manchester road, manchester, M43 6PW

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 6 charges/mortgages relating to cornbrook metal recycling limited. Currently there are 0 open charges and 6 have been satisfied in the past.

cornbrook metal recycling limited Company Information

cornbrook metal recycling limited Estimated Valuation

cornbrook metal recycling limited Estimated Valuation

cornbrook metal recycling limited Estimated Valuation

Cornbrook Metal Recycling Limited Overview

Cornbrook Metal Recycling Limited Health Check

CORNBROOK METAL RECYCLING LIMITED financials

cornbrook metal recycling limited Credit Report and Business Information

Cornbrook Metal Recycling Limited Competitor Analysis

cornbrook metal recycling limited Ownership

cornbrook metal recycling limited directors

cornbrook metal recycling limited company details

cornbrook metal recycling limited Charges & Mortgages

cornbrook metal recycling limited Companies House Filings - See Documents