cornwall energy recovery holdings ltd
cornwall energy recovery holdings ltd Company Information
Company Number
05710695
Website
https://www.sita.co.ukRegistered Address
suez house, grenfell road, maidenhead, berkshire sl6 1es, SL6 1ES
Industry
Activities of head offices
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
suez recycling & recovery uk ltd 33.3%
pip infrastructure investments (no 5) limited 33.3%
View Allcornwall energy recovery holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNWALL ENERGY RECOVERY HOLDINGS LTD at £297.1m based on a Turnover of £48.8m and 6.09x industry multiple (adjusted for size and gross margin).
cornwall energy recovery holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNWALL ENERGY RECOVERY HOLDINGS LTD at £109.5m based on an EBITDA of £10.5m and a 10.43x industry multiple (adjusted for size and gross margin).
cornwall energy recovery holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNWALL ENERGY RECOVERY HOLDINGS LTD at £37.4m based on Net Assets of £9.5m and 3.95x industry multiple (adjusted for liquidity).
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Cornwall Energy Recovery Holdings Ltd Overview
Cornwall Energy Recovery Holdings Ltd is a live company located in maidenhead, SL6 1ES with a Companies House number of 05710695. It operates in the activities of head offices sector, SIC Code 70100. Founded in February 2006, it's largest shareholder is suez recycling & recovery uk ltd with a 33.3% stake. Cornwall Energy Recovery Holdings Ltd is a established, large sized company, Pomanda has estimated its turnover at £48.8m with healthy growth in recent years.
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Cornwall Energy Recovery Holdings Ltd Health Check
Pomanda's financial health check has awarded Cornwall Energy Recovery Holdings 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
5 Strong
2 Regular
2 Weak
Size
annual sales of £48.8m, make it larger than the average company (£20.2m)
£48.8m - Cornwall Energy Recovery Holdings Ltd
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.4%)
12% - Cornwall Energy Recovery Holdings Ltd
4.4% - Industry AVG
Production
with a gross margin of 32.6%, this company has a comparable cost of product (32.6%)
32.6% - Cornwall Energy Recovery Holdings Ltd
32.6% - Industry AVG
Profitability
an operating margin of 21.5% make it more profitable than the average company (5.9%)
21.5% - Cornwall Energy Recovery Holdings Ltd
5.9% - Industry AVG
Employees
with 262 employees, this is above the industry average (120)
- Cornwall Energy Recovery Holdings Ltd
120 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Cornwall Energy Recovery Holdings Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £186.3k, this is equally as efficient (£186.6k)
- Cornwall Energy Recovery Holdings Ltd
£186.6k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (46 days)
56 days - Cornwall Energy Recovery Holdings Ltd
46 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Cornwall Energy Recovery Holdings Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cornwall Energy Recovery Holdings Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 83 weeks, this is more cash available to meet short term requirements (16 weeks)
83 weeks - Cornwall Energy Recovery Holdings Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.6%, this is a higher level of debt than the average (57%)
95.6% - Cornwall Energy Recovery Holdings Ltd
57% - Industry AVG
CORNWALL ENERGY RECOVERY HOLDINGS LTD financials
Cornwall Energy Recovery Holdings Ltd's latest turnover from March 2023 is £48.8 million and the company has net assets of £9.5 million. According to their latest financial statements, we estimate that Cornwall Energy Recovery Holdings Ltd has 262 employees and maintains cash reserves of £50 million 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 | 48,822,000 | 49,266,000 | 42,484,000 | 34,899,000 | 33,225,000 | 78,437,000 | 47,621,000 | 52,491,000 | 73,864,000 | 75,724,000 | 30,498,000 | 29,792,000 | 27,065,000 | 24,295,000 |
| Other Income Or Grants | 0 | 0 | ||||||||||||
| Cost Of Sales | 20,349,000 | 19,198,000 | ||||||||||||
| Gross Profit | 6,716,000 | 5,097,000 | ||||||||||||
| Admin Expenses | 1,552,000 | 2,229,000 | ||||||||||||
| Operating Profit | 10,499,000 | 11,576,000 | 6,405,000 | 4,073,000 | 3,391,000 | 505,000 | 6,715,000 | 5,401,000 | 3,985,000 | 2,930,000 | -293,000 | 2,945,000 | 5,164,000 | 2,868,000 |
| Interest Payable | 11,254,000 | 11,748,000 | 12,194,000 | 12,756,000 | 13,807,000 | 13,911,000 | 11,982,000 | 7,833,000 | 5,958,000 | 3,521,000 | 6,029,000 | 5,591,000 | 2,037,000 | 1,238,000 |
| Interest Receivable | 8,555,000 | 8,300,000 | 8,796,000 | 9,374,000 | 9,855,000 | 10,119,000 | 7,329,000 | 6,215,000 | 3,648,000 | 668,000 | 1,409,000 | 1,264,000 | 16,000 | 11,000 |
| Pre-Tax Profit | 7,800,000 | 8,128,000 | 3,007,000 | 691,000 | -561,000 | -4,427,000 | 15,641,000 | 3,781,000 | 1,922,000 | 515,000 | -5,251,000 | -1,382,000 | 3,143,000 | 1,641,000 |
| Tax | -1,622,000 | -3,462,000 | -700,000 | -646,000 | 63,000 | 604,000 | -2,650,000 | -417,000 | -175,000 | -149,000 | 1,551,000 | 503,000 | -715,000 | -788,000 |
| Profit After Tax | 6,178,000 | 4,666,000 | 2,307,000 | 45,000 | -498,000 | -3,823,000 | 12,991,000 | 3,364,000 | 1,747,000 | 366,000 | -3,700,000 | -879,000 | 2,428,000 | 853,000 |
| Dividends Paid | 7,304,000 | 6,043,000 | 1,350,000 | 8,878,000 | 1,922,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,126,000 | -1,377,000 | 957,000 | -8,833,000 | -2,420,000 | -3,823,000 | 12,991,000 | 3,364,000 | 1,747,000 | 366,000 | -3,700,000 | -879,000 | 2,428,000 | 853,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | ||||||||||||||
| EBITDA* | 10,499,000 | 11,576,000 | 6,405,000 | 4,073,000 | 3,391,000 | 505,000 | 6,715,000 | 5,401,000 | 3,985,000 | 2,930,000 | -293,000 | 2,945,000 | 5,882,000 | 3,615,000 |
* 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 | 142,327,000 | 151,512,000 | 163,827,000 | 175,113,000 | 186,127,000 | 194,570,000 | 163,501,000 | 162,046,000 | 133,360,000 | 85,541,000 | 38,857,000 | 43,652,000 | 16,884,000 | 14,136,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,273,000 | 5,480,000 |
| Investments & Other | 140,818,000 | 149,752,000 | 161,795,000 | 172,797,000 | 183,512,000 | 192,032,000 | 160,082,000 | 160,002,000 | 129,951,000 | 85,415,000 | 37,489,000 | 43,652,000 | 0 | 0 |
| Debtors (Due After 1 year) | 1,509,000 | 1,760,000 | 2,032,000 | 2,316,000 | 2,615,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 142,327,000 | 151,512,000 | 163,827,000 | 175,113,000 | 186,127,000 | 194,570,000 | 163,501,000 | 162,046,000 | 133,360,000 | 85,541,000 | 38,857,000 | 43,652,000 | 22,157,000 | 19,616,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,581,000 | 14,052,000 | 6,460,000 | 6,151,000 | 294,000 | 46,000 | 545,000 | 7,367,000 | 2,000 | 3,000 | 15,000 | 492,000 | 512,000 | 451,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,198,000 | 1,145,000 | 1,099,000 | 955,000 | 5,844,000 | 7,669,000 | 26,494,000 | 8,989,000 | 9,645,000 | 8,280,000 | 6,797,000 | 3,823,000 | 4,627,000 | 3,404,000 |
| Cash | 50,001,000 | 35,145,000 | 27,235,000 | 23,267,000 | 37,242,000 | 44,412,000 | 56,196,000 | 1,311,000 | 1,767,000 | 3,856,000 | 4,866,000 | 3,060,000 | 5,324,000 | 2,868,000 |
| misc current assets | 12,791,000 | 12,044,000 | 11,316,000 | 10,651,000 | 10,004,000 | 9,253,000 | 8,852,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 71,571,000 | 62,386,000 | 46,110,000 | 41,024,000 | 53,384,000 | 61,380,000 | 92,087,000 | 17,667,000 | 11,414,000 | 12,139,000 | 11,678,000 | 7,375,000 | 10,463,000 | 6,723,000 |
| total assets | 213,898,000 | 213,898,000 | 209,937,000 | 216,137,000 | 239,511,000 | 255,950,000 | 255,588,000 | 179,713,000 | 144,774,000 | 97,680,000 | 50,535,000 | 51,027,000 | 32,620,000 | 26,339,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 9,772,000 | 8,135,000 | 7,780,000 | 9,535,000 | 8,780,000 | 8,546,000 | 7,658,000 | 32,744,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,925,000 | 0 | 0 | 4,020,000 | 0 | 101,000 | 185,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,826,000 | 3,372,000 |
| 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 | 21,439,000 | 17,975,000 | 6,064,000 | 6,092,000 | 6,908,000 | 13,419,000 | 6,064,000 | 6,377,000 | 6,325,000 | 2,797,000 | 3,253,000 | 18,140,000 | 2,562,000 | 2,638,000 |
| total current liabilities | 31,211,000 | 26,110,000 | 13,844,000 | 15,627,000 | 15,688,000 | 21,965,000 | 13,722,000 | 43,046,000 | 6,325,000 | 2,797,000 | 7,273,000 | 18,140,000 | 9,489,000 | 6,195,000 |
| loans | 306,690,000 | 332,822,000 | 362,026,000 | 379,314,000 | 405,414,000 | 424,211,000 | 436,634,000 | 253,005,000 | 264,704,000 | 169,015,000 | 70,355,000 | 39,604,000 | 14,825,000 | 14,617,000 |
| 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 | 33,134,000 | 22,562,000 | 11,508,000 | 7,178,000 | 8,112,000 | 4,288,000 | 1,370,000 | 0 | 0 | 0 | 0 | 184,000 | 607,000 | 256,000 |
| total long term liabilities | 173,217,000 | 183,442,000 | 196,088,000 | 204,889,000 | 216,998,000 | 224,617,000 | 230,931,000 | 138,257,000 | 145,759,000 | 90,107,000 | 42,455,000 | 24,451,000 | 15,432,000 | 14,873,000 |
| total liabilities | 204,428,000 | 209,552,000 | 209,932,000 | 220,516,000 | 232,686,000 | 246,582,000 | 244,653,000 | 181,303,000 | 152,084,000 | 92,904,000 | 49,728,000 | 42,591,000 | 24,921,000 | 21,068,000 |
| net assets | 9,470,000 | 4,346,000 | 5,000 | -4,379,000 | 6,825,000 | 9,368,000 | 10,935,000 | -1,590,000 | -7,310,000 | 4,776,000 | 807,000 | 8,436,000 | 7,699,000 | 5,271,000 |
| total shareholders funds | 9,470,000 | 4,346,000 | 5,000 | -4,379,000 | 6,825,000 | 9,368,000 | 10,935,000 | -1,590,000 | -7,310,000 | 4,776,000 | 807,000 | 8,436,000 | 7,699,000 | 5,271,000 |
| 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 | 10,499,000 | 11,576,000 | 6,405,000 | 4,073,000 | 3,391,000 | 505,000 | 6,715,000 | 5,401,000 | 3,985,000 | 2,930,000 | -293,000 | 2,945,000 | 5,164,000 | 2,868,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 511,000 | 541,000 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 207,000 | 206,000 | |
| Tax | -1,622,000 | -3,462,000 | -700,000 | -646,000 | 63,000 | 604,000 | -2,650,000 | -417,000 | -175,000 | -149,000 | 1,551,000 | 503,000 | -715,000 | -788,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -6,669,000 | 7,366,000 | 169,000 | 669,000 | 1,038,000 | -19,324,000 | 10,683,000 | 6,709,000 | 1,364,000 | 1,471,000 | 2,497,000 | -824,000 | 1,284,000 | 3,855,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | -3,925,000 | 3,925,000 | 0 | -4,020,000 | 4,020,000 | -101,000 | -84,000 | 185,000 |
| Accruals and Deferred Income | 3,464,000 | 11,911,000 | -28,000 | -816,000 | -6,511,000 | 7,355,000 | -313,000 | 52,000 | 3,528,000 | -456,000 | -14,887,000 | 15,578,000 | -76,000 | 2,638,000 |
| Deferred Taxes & Provisions | 10,572,000 | 11,054,000 | 4,330,000 | -934,000 | 3,824,000 | 2,918,000 | 1,370,000 | 0 | 0 | 0 | -184,000 | -423,000 | 351,000 | 256,000 |
| Cash flow from operations | 29,582,000 | 23,713,000 | 9,838,000 | 1,008,000 | -271,000 | 30,706,000 | -9,486,000 | 2,252,000 | 5,974,000 | -3,166,000 | -12,290,000 | 4,074,000 | 2,051,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | -1,912,000 | -3,356,000 | ||||||||||||
| Change in Investments | -8,934,000 | -12,043,000 | -11,002,000 | -10,715,000 | -8,520,000 | 31,950,000 | 80,000 | 30,051,000 | 44,536,000 | 47,926,000 | -6,163,000 | 43,652,000 | 0 | 0 |
| cash flow from investments | -1,912,000 | -3,356,000 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 1,637,000 | 355,000 | -1,755,000 | 755,000 | 234,000 | 888,000 | -25,086,000 | 32,744,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,826,000 | 3,454,000 | 3,372,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -26,132,000 | -29,204,000 | -17,288,000 | -26,100,000 | -18,797,000 | -12,423,000 | 183,629,000 | -11,699,000 | 95,689,000 | 98,660,000 | 30,751,000 | 24,779,000 | 208,000 | 14,617,000 |
| 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 | -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 | -2,853,000 | -4,620,000 | -4,327,000 | -2,021,000 | -1,227,000 |
| cash flow from financing | -20,944,000 | -26,579,000 | -19,014,000 | -31,098,000 | -22,638,000 | -13,071,000 | 153,424,000 | 21,783,000 | 79,546,000 | 99,410,000 | 22,202,000 | 15,242,000 | 1,641,000 | 21,180,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 14,856,000 | 7,910,000 | 3,968,000 | -13,975,000 | -7,170,000 | -11,784,000 | 54,885,000 | -456,000 | -2,089,000 | -1,010,000 | 1,806,000 | -2,264,000 | 2,456,000 | 2,868,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 14,856,000 | 7,910,000 | 3,968,000 | -13,975,000 | -7,170,000 | -11,784,000 | 54,885,000 | -456,000 | -2,089,000 | -1,010,000 | 1,806,000 | -2,264,000 | 2,456,000 | 2,868,000 |
cornwall energy recovery holdings ltd Credit Report and Business Information
Cornwall Energy Recovery Holdings Ltd Competitor Analysis
Perform a competitor analysis for cornwall energy recovery holdings ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cornwall energy recovery holdings ltd Ownership
CORNWALL ENERGY RECOVERY HOLDINGS LTD group structure
Cornwall Energy Recovery Holdings Ltd has 1 subsidiary company.
Ultimate parent company
CORNWALL ENERGY RECOVERY HOLDINGS LTD
05710695
1 subsidiary
cornwall energy recovery holdings ltd directors
Cornwall Energy Recovery Holdings Ltd currently has 7 directors. The longest serving directors include Mr Rahul Kadiwar (Mar 2015) and Mr Mark Thompson (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rahul Kadiwar | England | 39 years | Mar 2015 | - | Director |
| Mr Mark Thompson | England | 50 years | Jun 2021 | - | Director |
| Mr Christopher Thorn | 43 years | Dec 2021 | - | Director | |
| Mr Timothy Mihill | United Kingdom | 33 years | Dec 2022 | - | Director |
| Mr Roy Kyle | United Kingdom | 63 years | Mar 2023 | - | Director |
| Kazuma Fukao | England | 51 years | Apr 2023 | - | Director |
| Mr Sho Sakai | England | 40 years | Nov 2023 | - | Director |
P&L
March 2023turnover
48.8m
-1%
operating profit
10.5m
-9%
gross margin
32.7%
+0.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
9.5m
+1.18%
total assets
213.9m
0%
cash
50m
+0.42%
net assets
Total assets minus all liabilities
cornwall energy recovery holdings ltd company details
company number
05710695
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
February 2006
age
18
accounts
Group
ultimate parent company
previous names
sita cornwall holdings limited (November 2015)
bidco 300 limited (July 2006)
incorporated
UK
address
suez house, grenfell road, maidenhead, berkshire sl6 1es, SL6 1ES
last accounts submitted
March 2023
cornwall energy recovery holdings 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 3 charges/mortgages relating to cornwall energy recovery holdings ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
cornwall energy recovery holdings ltd Companies House Filings - See Documents
| date | description | view/download |
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