Cornerstone Children's Homes Limited

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cornerstone children's homes limited Company Information

Company Number

06681557

Next Accounts

May 2025

Directors

Darren Smith

Steven Greenall

Shareholders

darren smith

steven greenall

Group Structure

View All

Industry

Other residential care activities

Registered Address

4th floor 1 centenary way, salford, M50 1RF

Website

www.cornerstonech.co.uk

cornerstone children's homes limited Estimated Valuation

£609.4k

Pomanda estimates the enterprise value of CORNERSTONE CHILDREN'S HOMES LIMITED at £609.4k based on Net Assets of £222.7k and 2.74x industry multiple (adjusted for liquidity).

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Cornerstone Children's Homes Limited is a live company located in salford, M50 1RF with a Companies House number of 06681557. It operates in the other residential care activities n.e.c. sector, SIC Code 87900. Founded in August 2008, it's largest shareholder is darren smith with a 90.9% stake. Cornerstone Children's Homes Limited is a established, small sized company, Pomanda has estimated its turnover at £952.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Cornerstone Children'S Homes Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £952.3k, make it smaller than the average company (£2m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.9%)

EXPORT

Cornerstone Children'S Homes Limited's latest turnover from August 2023 is estimated at £952.3 thousand and the company has net assets of £222.7 thousand. According to their latest financial statements, Cornerstone Children'S Homes Limited has 25 employees and maintains cash reserves of £103.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	952,290	901,331	1,035,289	702,693	1,304,638	1,115,153	1,145,181	1,618,994	1,595,314	1,164,260	827,511	613,987	609,238	2,234,898
Other Income Or Grants
Cost Of Sales	684,711	659,147	774,106	507,579	932,119	790,617	808,377	1,139,296	1,144,407	822,157	570,111	415,555	401,716	1,480,482
Gross Profit	267,580	242,184	261,183	195,114	372,519	324,535	336,804	479,698	450,908	342,102	257,401	198,431	207,521	754,416
Admin Expenses	324,422	276,158	254,255	194,501	377,831	379,138	267,802	507,692	439,785	335,621	146,352	75,970	127,677	704,346	-51,796
Operating Profit	-56,842	-33,974	6,928	613	-5,312	-54,603	69,002	-27,994	11,123	6,481	111,049	122,461	79,844	50,070	51,796
Interest Payable												83	83
Interest Receivable	5,241	2,512	165	87	692	1,215	295	176	563	857	952	723	602	773	429
Pre-Tax Profit	-51,601	-31,462	7,093	700	-4,620	-53,388	69,298	-27,818	11,686	7,338	112,001	123,101	80,364	50,843	52,225
Tax			-1,348	-133			-13,167		-2,337	-1,541	-25,760	-29,544	-20,895	-14,236	-14,623
Profit After Tax	-51,601	-31,462	5,745	567	-4,620	-53,388	56,131	-27,818	9,349	5,797	86,241	93,557	59,469	36,607	37,602
Dividends Paid
Retained Profit	-51,601	-31,462	5,745	567	-4,620	-53,388	56,131	-27,818	9,349	5,797	86,241	93,557	59,469	36,607	37,602
Employee Costs	657,958	603,761	595,391	559,402	536,429	525,573	513,024	675,202	673,891	525,676	356,019	271,150	275,136	982,656
Number Of Employees	25	25	25	25	25	25	25	34	33	26	18	14	14	50
EBITDA*	-56,842	-33,974	6,928	613	-5,312	-54,603	69,002	-19,481	13,251	7,276	112,030	123,701	81,160	50,767	52,540

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets									8,513	3,181	3,976	4,957	5,262	2,091	2,232
Intangible Assets
Investments & Other	98,447	248,713	181,050	213,257	174,513	220,262	371,097	160,000	200,000
Debtors (Due After 1 year)
Total Fixed Assets	98,447	248,713	181,050	213,257	174,513	220,262	371,097	160,000	208,513	3,181	3,976	4,957	5,262	2,091	2,232
Stock & work in progress
Trade Debtors	132,819	105,016	150,846	81,080	229,316	119,879	98,171	189,100	159,606	111,106	87,000	44,000	67,489	188,732	92,000
Group Debtors
Misc Debtors										130,165	85,845	59,056	56,004
Cash	103,425	96,231	190,811	139,028	34,198	150,431	173,453	62,887	77,635	147,474	195,403	185,505	103,703	137,290	171,784
misc current assets															15,941
total current assets	236,244	201,247	341,657	220,108	263,514	270,310	271,624	251,987	237,241	388,745	368,248	288,561	227,196	326,022	279,725
total assets	334,691	449,960	522,707	433,365	438,027	490,572	642,721	411,987	445,754	391,926	372,224	293,518	232,458	328,113	281,957
Bank overdraft													2,556
Bank loan
Trade Creditors	79,724	134,506	81,917	48,320	138,549	186,474	285,235	110,632	116,631	72,152	58,247	65,782	11,885	253,403	124,554
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities													83,838
total current liabilities	79,724	134,506	81,917	48,320	138,549	186,474	285,235	110,632	116,631	72,152	58,247	65,782	98,279	253,403	124,554
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	32,240	41,126	135,000	85,000											119,300
provisions
total long term liabilities	32,240	41,126	135,000	85,000											119,300
total liabilities	111,964	175,632	216,917	133,320	138,549	186,474	285,235	110,632	116,631	72,152	58,247	65,782	98,279	253,403	243,854
net assets	222,727	274,328	305,790	300,045	299,478	304,098	357,486	301,355	329,123	319,774	313,977	227,736	134,179	74,710	38,103
total shareholders funds	222,727	274,328	305,790	300,045	299,478	304,098	357,486	301,355	329,123	319,774	313,977	227,736	134,179	74,710	38,103

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-56,842	-33,974	6,928	613	-5,312	-54,603	69,002	-27,994	11,123	6,481	111,049	122,461	79,844	50,070	51,796
Depreciation								8,513	2,128	795	981	1,240	1,316	697	744
Amortisation
Tax			-1,348	-133			-13,167		-2,337	-1,541	-25,760	-29,544	-20,895	-14,236	-14,623
Stock
Debtors	27,803	-45,830	69,766	-148,236	109,437	21,708	-90,929	29,494	-81,665	68,426	69,789	-20,437	-65,239	96,732	92,000
Creditors	-54,782	52,589	33,597	-90,229	-47,925	-98,761	174,603	-5,999	44,479	13,905	-7,535	53,897	-241,518	128,849	124,554
Accruals and Deferred Income												-83,838	83,838
Deferred Taxes & Provisions
Cash flow from operations	-139,427	64,445	-30,589	58,487	-162,674	-175,072	321,367	-54,974	137,058	-48,786	8,946	84,653	-32,176	68,648	70,471
Investing Activities
capital expenditure									-7,460			-935	-4,487	-556	-2,976
Change in Investments	-150,266	67,663	-32,207	38,744	-45,749	-150,835	211,097	-40,000	200,000
cash flow from investments	150,266	-67,663	32,207	-38,744	45,749	150,835	-211,097	40,000	-207,460			-935	-4,487	-556	-2,976
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-8,886	-93,874	50,000	85,000										-119,300	119,300
share issue								50							501
interest	5,241	2,512	165	87	692	1,215	295	176	563	857	952	640	519	773	429
cash flow from financing	-3,645	-91,362	50,165	85,087	692	1,215	295	226	563	857	952	640	519	-118,527	120,230
cash and cash equivalents
cash	7,194	-94,580	51,783	104,830	-116,233	-23,022	110,566	-14,748	-69,839	-47,929	9,898	81,802	-33,587	-34,494	171,784
overdraft												-2,556	2,556
change in cash	7,194	-94,580	51,783	104,830	-116,233	-23,022	110,566	-14,748	-69,839	-47,929	9,898	84,358	-36,143	-34,494	171,784

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CORNERSTONE CHILDREN'S HOMES LIMITED group structure

Cornerstone Children'S Homes Limited has no subsidiary companies.

Ultimate parent company

CORNERSTONE CHILDREN'S HOMES LIMITED

06681557

CORNERSTONE CHILDREN'S HOMES LIMITED Shareholders

darren smith	90.93%
steven greenall	9.07%

Cornerstone Children'S Homes Limited currently has 2 directors. The longest serving directors include Mr Darren Smith (Sep 2012) and Mr Steven Greenall (May 2015).

officer	country	age	start	end	role
Mr Darren Smith	England	40 years	Sep 2012	-	Director
Mr Steven Greenall	England	43 years	May 2015	-	Director

P&L

August 2023

turnover

952.3k

+6%

operating profit

-56.8k

gross margin

28.1%

+4.57%

turnover

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

Balance Sheet

August 2023

net assets

222.7k

-0.19%

total assets

334.7k

-0.26%

cash

103.4k

+0.07%

net assets

Total assets minus all liabilities

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company number

06681557

Type

Private limited with Share Capital

industry

87900 - Other residential care activities

incorporation date

August 2008

ultimate parent company

None

previous names

a lowrie care services limited (September 2016)

address

4th floor 1 centenary way, salford, M50 1RF

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cornerstone children's homes limited Company Information

cornerstone children's homes limited Estimated Valuation

cornerstone children's homes limited Estimated Valuation

cornerstone children's homes limited Estimated Valuation

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CORNERSTONE CHILDREN'S HOMES LIMITED financials

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