langworthy cornerstone association limited
langworthy cornerstone association limited Company Information
Company Number
05626422
Registered Address
451 liverpool street, salford, lancashire, M6 5QQ
Industry
Other human health activities
Telephone
01612131920
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
langworthy cornerstone association limited Estimated Valuation
Pomanda estimates the enterprise value of LANGWORTHY CORNERSTONE ASSOCIATION LIMITED at £268.4k based on a Turnover of £494.1k and 0.54x industry multiple (adjusted for size and gross margin).
langworthy cornerstone association limited Estimated Valuation
Pomanda estimates the enterprise value of LANGWORTHY CORNERSTONE ASSOCIATION LIMITED at £359k based on an EBITDA of £75.4k and a 4.76x industry multiple (adjusted for size and gross margin).
langworthy cornerstone association limited Estimated Valuation
Pomanda estimates the enterprise value of LANGWORTHY CORNERSTONE ASSOCIATION LIMITED at £841.6k based on Net Assets of £354.2k and 2.38x industry multiple (adjusted for liquidity).
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Langworthy Cornerstone Association Limited Overview
Langworthy Cornerstone Association Limited is a live company located in lancashire, M6 5QQ with a Companies House number of 05626422. It operates in the other human health activities sector, SIC Code 86900. Founded in November 2005, it's largest shareholder is unknown. Langworthy Cornerstone Association Limited is a established, micro sized company, Pomanda has estimated its turnover at £494.1k with declining growth in recent years.
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Langworthy Cornerstone Association Limited Health Check
Pomanda's financial health check has awarded Langworthy Cornerstone Association Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £494.1k, make it smaller than the average company (£727.1k)
£494.1k - Langworthy Cornerstone Association Limited
£727.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (5.4%)
-4% - Langworthy Cornerstone Association Limited
5.4% - Industry AVG
Production
with a gross margin of 36%, this company has a comparable cost of product (36%)
36% - Langworthy Cornerstone Association Limited
36% - Industry AVG
Profitability
an operating margin of 15% make it more profitable than the average company (6.3%)
15% - Langworthy Cornerstone Association Limited
6.3% - Industry AVG
Employees
with 13 employees, this is below the industry average (19)
13 - Langworthy Cornerstone Association Limited
19 - Industry AVG
Pay Structure
on an average salary of £20.3k, the company has an equivalent pay structure (£24.6k)
£20.3k - Langworthy Cornerstone Association Limited
£24.6k - Industry AVG
Efficiency
resulting in sales per employee of £38k, this is equally as efficient (£43.5k)
£38k - Langworthy Cornerstone Association Limited
£43.5k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (22 days)
6 days - Langworthy Cornerstone Association Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 122 days, this is slower than average (18 days)
122 days - Langworthy Cornerstone Association Limited
18 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (10 days)
2 days - Langworthy Cornerstone Association Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 215 weeks, this is more cash available to meet short term requirements (137 weeks)
215 weeks - Langworthy Cornerstone Association Limited
137 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.3%, this is a similar level of debt than the average (22.4%)
23.3% - Langworthy Cornerstone Association Limited
22.4% - Industry AVG
LANGWORTHY CORNERSTONE ASSOCIATION LIMITED financials
Langworthy Cornerstone Association Limited's latest turnover from March 2023 is £494.1 thousand and the company has net assets of £354.2 thousand. According to their latest financial statements, Langworthy Cornerstone Association Limited has 13 employees and maintains cash reserves of £445.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 494,131 | 489,871 | 605,882 | 550,108 | 496,544 | 467,536 | 560,613 | 443,968 | 330,725 | 360,233 | 441,505 | 370,500 | 236,390 | 239,996 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 72,201 | 31,699 | 107,580 | -53,798 | -70,588 | -478 | 3,020 | 16,415 | 29,772 | 19,959 | 154,340 | 38,458 | -7,785 | 6,056 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 72,201 | 31,699 | 107,580 | -53,798 | -70,588 | -478 | 3,020 | 16,415 | 29,772 | 19,959 | 154,340 | 38,458 | -7,785 | 6,056 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 72,201 | 31,699 | 107,580 | -53,798 | -70,588 | -478 | 3,020 | 16,415 | 29,772 | 19,959 | 154,340 | 38,458 | -7,785 | 6,056 |
| Employee Costs | 263,256 | 253,249 | 245,551 | 250,242 | 231,609 | 196,580 | 208,862 | 184,955 | 175,868 | 174,539 | 157,848 | 140,057 | 105,485 | 96,073 |
| Number Of Employees | 13 | 12 | 12 | 12 | 12 | 11 | 12 | 11 | 8 | 8 | 8 | 7 | 4 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 1,917 | 2,175 | 2,355 | 2,199 | 2,053 | 3,419 | 6,089 | 6,427 | 2,417 | 5,989 | 8,713 | 6,878 | 1,050 | 2,743 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,917 | 2,175 | 2,355 | 2,199 | 2,053 | 3,419 | 6,089 | 6,427 | 2,417 | 5,989 | 8,713 | 6,878 | 1,050 | 2,743 |
| Stock & work in progress | 1,800 | 1,800 | 1,800 | 1,800 | 1,700 | 1,090 | 1,480 | 800 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,174 | 192,377 | 0 | 15,851 | 18,585 | 10,253 | 17,390 | 101,617 | 21,198 | 18,861 | 35,563 | 24,398 | 15,909 | 39,480 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,591 | 8,073 | 19,518 | 3,020 | 3,964 | 7,790 | 103,126 | 9,469 | 884 | 304 | 8,297 | 1,463 | 265 | 1,117 |
| Cash | 445,468 | 269,447 | 416,988 | 313,512 | 278,877 | 333,213 | 455,607 | 312,353 | 242,574 | 229,163 | 182,913 | 74,668 | 69,344 | 36,854 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 460,033 | 471,697 | 438,306 | 334,183 | 303,126 | 352,346 | 577,603 | 424,239 | 264,656 | 248,328 | 226,773 | 100,529 | 85,518 | 77,451 |
| total assets | 461,950 | 473,872 | 440,661 | 336,382 | 305,179 | 355,765 | 583,692 | 430,666 | 267,073 | 254,317 | 235,486 | 107,407 | 86,568 | 80,194 |
| Bank overdraft | 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 |
| Trade Creditors | 105,898 | 179,281 | 178,040 | 191,534 | 100,554 | 86,970 | 312,952 | 163,853 | 4,753 | 24,372 | 33,953 | 58,763 | 77,602 | 62,496 |
| 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 | 1,831 | 12,571 | 12,300 | 2,107 | 8,086 | 1,668 | 3,135 | 2,228 | 14,150 | 11,547 | 3,094 | 4,545 | 3,325 | 4,272 |
| total current liabilities | 107,729 | 191,852 | 190,340 | 193,641 | 108,640 | 88,638 | 316,087 | 166,081 | 18,903 | 35,919 | 37,047 | 63,308 | 80,927 | 66,768 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 107,729 | 191,852 | 190,340 | 193,641 | 108,640 | 88,638 | 316,087 | 166,081 | 18,903 | 35,919 | 37,047 | 63,308 | 80,927 | 66,768 |
| net assets | 354,221 | 282,020 | 250,321 | 142,741 | 196,539 | 267,127 | 267,605 | 264,585 | 248,170 | 218,398 | 198,439 | 44,099 | 5,641 | 13,426 |
| total shareholders funds | 354,221 | 282,020 | 250,321 | 142,741 | 196,539 | 267,127 | 267,605 | 264,585 | 248,170 | 218,398 | 198,439 | 44,099 | 5,641 | 13,426 |
| 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 | ||||||||||||||
| Depreciation | 1,430 | 1,570 | 1,222 | 1,623 | 3,104 | 2,670 | 3,326 | 3,685 | 4,155 | 4,568 | 4,108 | 3,545 | 1,693 | 2,396 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 100 | 610 | -390 | 680 | 800 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -187,685 | 180,932 | 647 | -3,678 | 4,506 | -102,473 | 9,430 | 89,004 | 2,917 | -24,695 | 17,999 | 9,687 | -24,423 | 40,597 |
| Creditors | -73,383 | 1,241 | -13,494 | 90,980 | 13,584 | -225,982 | 149,099 | 159,100 | -19,619 | -9,581 | -24,810 | -18,839 | 15,106 | 62,496 |
| Accruals and Deferred Income | -10,740 | 271 | 10,193 | -5,979 | 6,418 | -1,467 | 907 | -11,922 | 2,603 | 8,453 | -1,451 | 1,220 | -947 | 4,272 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | -2,988 | -7,695 | -583 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | -2,988 | -7,695 | -583 | |||||
| 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 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,370 |
| cash and cash equivalents | ||||||||||||||
| cash | 176,021 | -147,541 | 103,476 | 34,635 | -54,336 | -122,394 | 143,254 | 69,779 | 13,411 | 46,250 | 108,245 | 5,324 | 32,490 | 36,854 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 176,021 | -147,541 | 103,476 | 34,635 | -54,336 | -122,394 | 143,254 | 69,779 | 13,411 | 46,250 | 108,245 | 5,324 | 32,490 | 36,854 |
langworthy cornerstone association limited Credit Report and Business Information
Langworthy Cornerstone Association Limited Competitor Analysis
Perform a competitor analysis for langworthy cornerstone association limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in M 6 area or any other competitors across 12 key performance metrics.
langworthy cornerstone association limited Ownership
LANGWORTHY CORNERSTONE ASSOCIATION LIMITED group structure
Langworthy Cornerstone Association Limited has no subsidiary companies.
Ultimate parent company
LANGWORTHY CORNERSTONE ASSOCIATION LIMITED
05626422
langworthy cornerstone association limited directors
Langworthy Cornerstone Association Limited currently has 7 directors. The longest serving directors include Ms Geraldine Stone (Dec 2005) and Mrs Ruth Abou Rached (Aug 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Geraldine Stone | England | 63 years | Dec 2005 | - | Director |
| Mrs Ruth Abou Rached | 50 years | Aug 2012 | - | Director | |
| Mr Thomas Richards | 34 years | Nov 2023 | - | Director | |
| Mr John Wright | 39 years | Nov 2023 | - | Director | |
| Mr Alexis Shama | United Kingdom | 53 years | Nov 2023 | - | Director |
| Mr Sam Palmer | England | 48 years | Jan 2024 | - | Director |
| Miss Kate Crossan | 35 years | Jan 2024 | - | Director |
P&L
March 2023turnover
494.1k
+1%
operating profit
73.9k
0%
gross margin
36.1%
+1.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
354.2k
+0.26%
total assets
462k
-0.03%
cash
445.5k
+0.65%
net assets
Total assets minus all liabilities
langworthy cornerstone association limited company details
company number
05626422
Type
Private Ltd By Guarantee w/o Share Cap
industry
86900 - Other human health activities
incorporation date
November 2005
age
19
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
AM KING
auditor
-
address
451 liverpool street, salford, lancashire, M6 5QQ
Bank
CO-OPERATIVE BANK PLC
Legal Advisor
WEIGHTMANS LLP
langworthy cornerstone association 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 langworthy cornerstone association limited.
langworthy cornerstone association limited Companies House Filings - See Documents
| date | description | view/download |
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