cornwall energy recovery ltd

cornwall energy recovery ltd Company Information

Share CORNWALL ENERGY RECOVERY LTD
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EstablishedLargeLow

Company Number

05696514

Industry

Treatment and disposal of non-hazardous waste

 

Collection of non-hazardous waste

 

Shareholders

cornwall energy recovery holdings ltd

Group Structure

View All

Contact

Registered Address

suez house grenfell road, maidenhead, berkshire, SL6 1ES

Website

-

cornwall energy recovery ltd Estimated Valuation

£63m

Pomanda estimates the enterprise value of CORNWALL ENERGY RECOVERY LTD at £63m based on a Turnover of £47.2m and 1.33x industry multiple (adjusted for size and gross margin).

cornwall energy recovery ltd Estimated Valuation

£62.7m

Pomanda estimates the enterprise value of CORNWALL ENERGY RECOVERY LTD at £62.7m based on an EBITDA of £7.7m and a 8.09x industry multiple (adjusted for size and gross margin).

cornwall energy recovery ltd Estimated Valuation

£30.8m

Pomanda estimates the enterprise value of CORNWALL ENERGY RECOVERY LTD at £30.8m based on Net Assets of £10.4m and 2.97x industry multiple (adjusted for liquidity).

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Cornwall Energy Recovery Ltd Overview

Cornwall Energy Recovery Ltd is a live company located in berkshire, SL6 1ES with a Companies House number of 05696514. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in February 2006, it's largest shareholder is cornwall energy recovery holdings ltd with a 100% stake. Cornwall Energy Recovery Ltd is a established, large sized company, Pomanda has estimated its turnover at £47.2m with low growth in recent years.

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Cornwall Energy Recovery Ltd Health Check

Pomanda's financial health check has awarded Cornwall Energy Recovery Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £47.2m, make it larger than the average company (£14.9m)

£47.2m - Cornwall Energy Recovery Ltd

£14.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (9.1%)

4% - Cornwall Energy Recovery Ltd

9.1% - Industry AVG

production

Production

with a gross margin of 26%, this company has a comparable cost of product (26%)

26% - Cornwall Energy Recovery Ltd

26% - Industry AVG

profitability

Profitability

an operating margin of 16.4% make it more profitable than the average company (6.8%)

16.4% - Cornwall Energy Recovery Ltd

6.8% - Industry AVG

employees

Employees

with 233 employees, this is above the industry average (48)

233 - Cornwall Energy Recovery Ltd

48 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Cornwall Energy Recovery Ltd

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £202.4k, this is equally as efficient (£210.6k)

£202.4k - Cornwall Energy Recovery Ltd

£210.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (38 days)

0 days - Cornwall Energy Recovery Ltd

38 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Cornwall Energy Recovery Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cornwall Energy Recovery Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 87 weeks, this is more cash available to meet short term requirements (19 weeks)

87 weeks - Cornwall Energy Recovery Ltd

19 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 95%, this is a higher level of debt than the average (64.9%)

95% - Cornwall Energy Recovery Ltd

64.9% - Industry AVG

CORNWALL ENERGY RECOVERY LTD financials

EXPORTms excel logo

Cornwall Energy Recovery Ltd's latest turnover from March 2024 is £47.2 million and the company has net assets of £10.4 million. According to their latest financial statements, we estimate that Cornwall Energy Recovery Ltd has 233 employees and maintains cash reserves of £52.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover47,169,00048,822,00049,266,00042,484,00034,899,00033,225,00078,437,00047,621,00052,491,00073,864,00075,724,00030,498,00029,792,00027,065,00024,295,000
Other Income Or Grants000000000000000
Cost Of Sales34,892,14837,393,10637,548,27932,554,52427,052,32126,160,01560,963,89836,677,20740,881,35458,797,20760,524,11424,156,79123,260,26220,349,00019,198,000
Gross Profit12,276,85211,428,89411,717,7219,929,4767,846,6797,064,98517,473,10210,943,79311,609,64615,066,79315,199,8866,341,2096,531,7396,716,0005,097,000
Admin Expenses4,531,852929,894141,7213,524,4763,773,6793,673,98516,968,1024,228,7936,208,64611,081,79312,269,8866,634,2093,586,7391,552,0002,229,000
Operating Profit7,745,00010,499,00011,576,0006,405,0004,073,0003,391,000505,0006,715,0005,401,0003,985,0002,930,000-293,0002,945,0005,164,0002,868,000
Interest Payable10,669,00011,254,00011,748,00012,194,00012,756,00013,807,00013,911,00011,982,0007,833,0005,958,0002,606,0006,029,0005,591,0002,037,0001,238,000
Interest Receivable9,214,0008,555,0008,300,0008,796,0009,374,0009,855,00010,119,0007,329,0006,215,0003,648,000668,0001,409,0001,264,00016,00011,000
Pre-Tax Profit6,290,0007,800,0008,128,0003,007,000691,000-561,000-4,427,00015,641,0003,781,0001,922,000515,000-5,251,000-1,382,0003,143,0001,641,000
Tax-1,717,000-1,622,000-3,462,000-700,000-646,00063,000604,000-2,650,000-417,000-175,000-149,0001,551,000503,000-715,000-788,000
Profit After Tax4,573,0006,178,0004,666,0002,307,00045,000-498,000-3,823,00012,991,0003,364,0001,747,000366,000-3,700,000-879,0002,428,000853,000
Dividends Paid4,289,0007,304,0006,043,0001,350,0008,878,0001,922,000000000000
Retained Profit284,000-1,126,000-1,377,000957,000-8,833,000-2,420,000-3,823,00012,991,0003,364,0001,747,000366,000-3,700,000-879,0002,428,000853,000
Employee Costs00000000000004,755,1744,124,740
Number Of Employees233256272267212200485301307423426182190173149
EBITDA*7,745,00010,499,00011,576,0006,405,0004,073,0003,391,000505,0006,715,0005,401,0003,985,0002,930,000-293,0002,945,0005,882,0003,615,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets129,264,000142,327,000151,512,000163,827,000175,113,000186,127,000194,570,000163,501,000162,046,000133,360,00085,541,00038,857,00043,652,00016,884,00014,136,000
Intangible Assets00000000000005,273,0005,480,000
Investments & Other128,002,000140,818,000149,752,000161,795,000172,797,000183,512,000192,032,000160,082,000160,002,000129,951,00085,415,00037,489,00043,652,00000
Debtors (Due After 1 year)1,262,0001,509,0001,760,0002,032,0002,316,0002,615,000000000000
Total Fixed Assets129,264,000142,327,000151,512,000163,827,000175,113,000186,127,000194,570,000163,501,000162,046,000133,360,00085,541,00038,857,00043,652,00022,157,00019,616,000
Stock & work in progress000000000000000
Trade Debtors74,000014,052,0006,460,0006,151,000294,00046,000545,0007,367,0002,0003,00015,000492,000512,000451,000
Group Debtors000000000000000
Misc Debtors10,173,0008,779,0001,145,0001,099,000955,0005,844,0007,669,00026,494,0008,989,0009,645,0008,280,0006,797,0003,823,0004,627,0003,404,000
Cash52,658,00050,001,00035,145,00027,235,00023,267,00037,242,00044,412,00056,196,0001,311,0001,767,0003,856,0004,866,0003,060,0005,324,0002,868,000
misc current assets13,633,00012,791,00012,044,00011,316,00010,651,00010,004,0009,253,0008,852,0000000000
total current assets76,538,00071,571,00062,386,00046,110,00041,024,00053,384,00061,380,00092,087,00017,667,00011,414,00012,139,00011,678,0007,375,00010,463,0006,723,000
total assets205,802,000213,898,000213,898,000209,937,000216,137,000239,511,000255,950,000255,588,000179,713,000144,774,00097,680,00050,535,00051,027,00032,620,00026,339,000
Bank overdraft000000000000000
Bank loan11,605,0009,772,0008,135,0007,780,00008,780,0008,546,0007,658,00032,744,000000000
Trade Creditors 000000003,929,0004,0004,0004,0004,000101,000185,000
Group/Directors Accounts00000000000006,830,0003,376,000
other short term finances00009,535,0000000000000
hp & lease commitments000000000000000
other current liabilities19,761,00021,439,00017,975,0006,064,0006,092,0006,908,00013,419,0006,064,0006,377,0006,325,0002,797,0007,273,00018,140,0002,562,0002,638,000
total current liabilities31,366,00031,211,00026,110,00013,844,00015,627,00015,688,00021,965,00013,722,00043,050,0006,329,0002,801,0007,277,00018,144,0009,493,0006,199,000
loans283,209,000306,690,000332,822,000362,026,000379,314,000405,414,000424,211,000436,634,000253,005,000264,704,000169,015,00070,355,00039,604,00014,825,00014,617,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions38,740,00033,134,00022,562,00011,508,0007,178,0008,112,0004,288,0001,370,0000000184,000607,000256,000
total long term liabilities164,073,000173,217,000183,442,000196,088,000204,889,000216,998,000224,617,000230,931,000138,257,000145,759,00090,107,00042,455,00024,451,00015,432,00014,873,000
total liabilities195,439,000204,428,000209,552,000209,932,000220,516,000232,686,000246,582,000244,653,000181,307,000152,088,00092,908,00049,732,00042,595,00024,925,00021,072,000
net assets10,363,0009,470,0004,346,0005,000-4,379,0006,825,0009,368,00010,935,000-1,594,000-7,314,0004,772,000803,0008,432,0007,695,0005,267,000
total shareholders funds10,363,0009,470,0004,346,0005,000-4,379,0006,825,0009,368,00010,935,000-1,594,000-7,314,0004,772,000803,0008,432,0007,695,0005,267,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit7,745,00010,499,00011,576,0006,405,0004,073,0003,391,000505,0006,715,0005,401,0003,985,0002,930,000-293,0002,945,0005,164,0002,868,000
Depreciation0000000000000511,000541,000
Amortisation0000000000000207,000206,000
Tax-1,717,000-1,622,000-3,462,000-700,000-646,00063,000604,000-2,650,000-417,000-175,000-149,0001,551,000503,000-715,000-788,000
Stock000000000000000
Debtors1,221,000-6,669,0007,366,000169,000669,0001,038,000-19,324,00010,683,0006,709,0001,364,0001,471,0002,497,000-824,0001,284,0003,855,000
Creditors0000000-3,929,0003,925,000000-97,000-84,000185,000
Accruals and Deferred Income-1,678,0003,464,00011,911,000-28,000-816,000-6,511,0007,355,000-313,00052,0003,528,000-4,476,000-10,867,00015,578,000-76,0002,638,000
Deferred Taxes & Provisions5,606,00010,572,00011,054,0004,330,000-934,0003,824,0002,918,0001,370,000000-184,000-423,000351,000256,000
Cash flow from operations8,735,00029,582,00023,713,0009,838,0001,008,000-271,00030,706,000-9,490,0002,252,0005,974,000-3,166,000-12,290,00019,330,0004,074,0002,051,000
Investing Activities
capital expenditure13,063,0009,185,00012,315,00011,286,00011,014,0008,443,000-31,069,000-1,455,000-28,686,000-47,819,000-46,684,0004,795,000-21,495,000-1,912,000-3,356,000
Change in Investments-12,816,000-8,934,000-12,043,000-11,002,000-10,715,000-8,520,00031,950,00080,00030,051,00044,536,00047,926,000-6,163,00043,652,00000
cash flow from investments25,879,00018,119,00024,358,00022,288,00021,729,00016,963,000-63,019,000-1,535,000-58,737,000-92,355,000-94,610,00010,958,000-65,147,000-1,912,000-3,356,000
Financing Activities
Bank loans1,833,0001,637,000355,0007,780,000-8,780,000234,000888,000-25,086,00032,744,000000000
Group/Directors Accounts000000000000-6,830,0003,454,0003,376,000
Other Short Term Loans 000-9,535,0009,535,0000000000000
Long term loans-23,481,000-26,132,000-29,204,000-17,288,000-26,100,000-18,797,000-12,423,000183,629,000-11,699,00095,689,00098,660,00030,751,00024,779,000208,00014,617,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue609,0006,250,0005,718,0003,427,000-2,371,000-123,0002,256,000-462,0002,356,000-13,833,0003,603,000-3,929,0001,616,00004,414,000
interest-1,455,000-2,699,000-3,448,000-3,398,000-3,382,000-3,952,000-3,792,000-4,653,000-1,618,000-2,310,000-1,938,000-4,620,000-4,327,000-2,021,000-1,227,000
cash flow from financing-22,494,000-20,944,000-26,579,000-19,014,000-31,098,000-22,638,000-13,071,000153,428,00021,783,00079,546,000100,325,00022,202,00015,238,0001,641,00021,180,000
cash and cash equivalents
cash2,657,00014,856,0007,910,0003,968,000-13,975,000-7,170,000-11,784,00054,885,000-456,000-2,089,000-1,010,0001,806,000-2,264,0002,456,0002,868,000
overdraft000000000000000
change in cash2,657,00014,856,0007,910,0003,968,000-13,975,000-7,170,000-11,784,00054,885,000-456,000-2,089,000-1,010,0001,806,000-2,264,0002,456,0002,868,000

cornwall energy recovery ltd Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cornwall Energy Recovery Ltd Competitor Analysis

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Perform a competitor analysis for cornwall energy recovery ltd by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other large companies, companies in SL6 area or any other competitors across 12 key performance metrics.

cornwall energy recovery ltd Ownership

CORNWALL ENERGY RECOVERY LTD group structure

Cornwall Energy Recovery Ltd has no subsidiary companies.

Ultimate parent company

1 parent

CORNWALL ENERGY RECOVERY LTD

05696514

CORNWALL ENERGY RECOVERY LTD Shareholders

cornwall energy recovery holdings ltd 100%

cornwall energy recovery ltd directors

Cornwall Energy Recovery Ltd currently has 7 directors. The longest serving directors include Mr Rahul Kadiwar (Mar 2015) and Mr Mark Thompson (Jun 2021).

officercountryagestartendrole
Mr Rahul KadiwarEngland40 years Mar 2015- Director
Mr Mark ThompsonEngland51 years Jun 2021- Director
Mr Christopher ThornEngland43 years Dec 2021- Director
Mr Timothy MihillUnited Kingdom34 years Dec 2022- Director
Mr Roy KyleUnited Kingdom63 years Mar 2023- Director
Kazuma FukaoEngland51 years Apr 2023- Director
Mr Sho SakaiEngland41 years Nov 2023- Director

P&L

March 2024

turnover

47.2m

-3%

operating profit

7.7m

-26%

gross margin

26.1%

+11.18%

turnover

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

Balance Sheet

March 2024

net assets

10.4m

+0.09%

total assets

205.8m

-0.04%

cash

52.7m

+0.05%

net assets

Total assets minus all liabilities

cornwall energy recovery ltd company details

company number

05696514

Type

Private limited with Share Capital

industry

38210 - Treatment and disposal of non-hazardous waste

38110 - Collection of non-hazardous waste

incorporation date

February 2006

age

18

incorporated

UK

accounts

Full Accounts

last accounts submitted

March 2024

previous names

sita cornwall limited (November 2015)

accountant

-

auditor

FORVIS MAZARS LLP

address

suez house grenfell road, maidenhead, berkshire, SL6 1ES

Bank

-

Legal Advisor

-

cornwall energy recovery ltd 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 found 4 charges/mortgages relating to cornwall energy recovery ltd. Currently there are 4 open charges and 0 have been satisfied in the past.

cornwall energy recovery ltd 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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cornwall energy recovery ltd Companies House Filings - See Documents

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