Coremech Limited

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SOLUTIONS

coremech limited Company Information

Dissolved

Company Number

06775280

Next Accounts

Dec 2024

Industry

Machining

Directors

David Short

Shareholders

mrs catherine short

mr david short

Group Structure

View All

Contact

Registered Address

8 lower cliff road, gorleston, great yarmouth, NR31 6AU

Website

coremech.co.uk

coremech limited Estimated Valuation

£51.6k

Pomanda estimates the enterprise value of COREMECH LIMITED at £51.6k based on an EBITDA of £20.3k and a 2.54x industry multiple (adjusted for size and gross margin).

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Coremech Limited is a dissolved company that was located in great yarmouth, NR31 6AU with a Companies House number of 06775280. It operated in the machining sector, SIC Code 25620. Founded in December 2008, it's largest shareholder was mrs catherine short with a 50% stake. The last turnover for Coremech Limited was estimated at £71.4k.

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

Health Rating2out of 5

2 Strong

1 Regular

5 Weak

Size

annual sales of £71.4k, make it smaller than the average company (£9m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (-0.3%)

EXPORT

Coremech Limited's latest turnover from February 2023 is estimated at £71.4 thousand and the company has net assets of £16.5 thousand. According to their latest financial statements, we estimate that Coremech Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	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	71,376	143,153	50,123	52,614	50,604	48,832	55,693	172,487	158,882	98,463	101,730	69,605	46,913	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	59,252	118,657	40,640	41,198	39,588	38,205	43,317	133,438	124,836	76,882	80,384	54,877	36,606	0
Gross Profit	12,124	24,496	9,483	11,417	11,017	10,627	12,375	39,049	34,046	21,581	21,346	14,728	10,307	0
Admin Expenses	-8,206	62,854	-5,702	53,183	58,486	15,224	18,334	-54,254	1,747	14,850	-15,301	4,036	2,235	-28,016
Operating Profit	20,330	-38,358	15,185	-41,766	-47,469	-4,597	-5,959	93,303	32,299	6,731	36,647	10,692	8,072	28,016
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	111	85	642	974	916	483	784	488	362	318	213	178	95
Pre-Tax Profit	20,330	-38,247	15,269	-41,124	-46,495	-3,681	-5,476	94,086	32,787	7,094	36,964	10,905	8,250	28,111
Tax	-3,863	0	-2,901	0	0	0	0	-18,817	-6,885	-1,632	-8,871	-2,835	-2,310	-7,871
Profit After Tax	16,467	-38,247	12,368	-41,124	-46,495	-3,681	-5,476	75,269	25,902	5,462	28,093	8,070	5,940	20,240
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	16,467	-38,247	12,368	-41,124	-46,495	-3,681	-5,476	75,269	25,902	5,462	28,093	8,070	5,940	20,240
Employee Costs	41,218	40,632	40,053	38,833	36,632	36,459	35,540	70,279	35,405	34,255	34,670	33,661	32,934	0
Number Of Employees	1	1	1	1	1	1	1	2	1	1	1	1	1	0
EBITDA*	20,330	-38,358	15,334	-41,592	-47,263	-4,249	-5,857	93,430	32,478	6,968	36,964	11,115	8,072	28,016

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	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	0	716	842	991	1,166	1,565	306	408	535	714	951	1,268	0	0
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	0	716	842	991	1,166	1,565	306	408	535	714	951	1,268	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	14,531	0	0	0	0
Trade Debtors	16,467	49,610	0	0	0	4,950	0	48,002	0	21,001	20,021	0	10,209	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	2,777	0	27,275	0	20,000	0	7,785	0	0	0	0	0
Cash	0	0	89,162	79,842	91,310	168,357	198,169	188,162	125,287	70,021	74,856	52,313	32,975	38,068
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	16,467	49,610	91,939	79,842	118,585	173,307	218,169	236,164	133,072	105,553	94,877	52,313	43,184	38,068
total assets	16,467	50,326	92,781	80,833	119,751	174,872	218,475	236,572	133,607	106,267	95,828	53,581	43,184	38,068
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	0	4,005	174	174	174	0	4,895	21,544	39,899	38,461	33,484	19,330	17,003	17,827
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	0	0	8,037	8,457	6,251	15,051	50,078	46,050	0	0	0	0	0	0
total current liabilities	0	4,005	8,211	8,631	6,425	15,051	54,973	67,594	39,899	38,461	33,484	19,330	17,003	17,827
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	0	4,005	8,211	8,631	6,425	15,051	54,973	67,594	39,899	38,461	33,484	19,330	17,003	17,827
net assets	16,467	46,321	84,570	72,202	113,326	159,821	163,502	168,978	93,708	67,806	62,344	34,251	26,181	20,241
total shareholders funds	16,467	46,321	84,570	72,202	113,326	159,821	163,502	168,978	93,708	67,806	62,344	34,251	26,181	20,241

	Feb 2023	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	20,330	-38,358	15,185	-41,766	-47,469	-4,597	-5,959	93,303	32,299	6,731	36,647	10,692	8,072	28,016
Depreciation	0	0	149	174	206	348	102	127	179	237	317	423	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,863	0	-2,901	0	0	0	0	-18,817	-6,885	-1,632	-8,871	-2,835	-2,310	-7,871
Stock	0	0	0	0	0	0	0	0	-14,531	14,531	0	0	0	0
Debtors	16,467	46,833	2,777	-27,275	22,325	-15,050	-28,002	40,217	-13,216	980	20,021	-10,209	10,209	0
Creditors	0	3,831	0	0	174	-4,895	-16,649	-18,355	1,438	4,977	14,154	2,327	-824	17,827
Accruals and Deferred Income	0	-8,037	-420	2,206	-8,800	-35,027	4,028	46,050	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	-89,397	9,236	-12,111	-78,214	-29,121	9,524	62,091	54,778	-5,198	22,226	20,816	-5,271	37,972
Investing Activities
capital expenditure	0	126	0	1	193	-1,607	0	0	0	0	0	-1,691	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	126	0	1	193	-1,607	0	0	0	0	0	-1,691	0	0
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	0	-2	0	0	0	0	0	1	0	0	0	0	0	1
interest	0	111	85	642	974	916	483	784	488	362	318	213	178	95
cash flow from financing	0	109	85	642	974	916	483	785	488	362	318	213	178	96
cash and cash equivalents
cash	0	-89,162	9,320	-11,468	-77,047	-29,812	10,007	62,875	55,266	-4,835	22,543	19,338	-5,093	38,068
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-89,162	9,320	-11,468	-77,047	-29,812	10,007	62,875	55,266	-4,835	22,543	19,338	-5,093	38,068

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 coremech limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in NR31 area or any other competitors across 12 key performance metrics.

COREMECH LIMITED group structure

Coremech Limited has no subsidiary companies.

Ultimate parent company

COREMECH LIMITED

06775280

COREMECH LIMITED Shareholders

mrs catherine short	50%
mr david short	50%

Coremech Limited currently has 1 director, Mr David Short serving since Dec 2008.

officer	country	age	start	end	role
Mr David Short	England	65 years	Dec 2008	-	Director

P&L

February 2023

turnover

71.4k

operating profit

20.3k

gross margin

17%

turnover

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

Balance Sheet

February 2023

net assets

16.5k

total assets

16.5k

cash

net assets

Total assets minus all liabilities

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company number

06775280

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

December 2008

ultimate parent company

None

previous names

N/A

address

8 lower cliff road, gorleston, great yarmouth, NR31 6AU

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 coremech limited.

coremech limited Company Information

coremech limited Estimated Valuation

coremech limited Estimated Valuation

coremech limited Estimated Valuation

Coremech Limited Overview

Coremech Limited Health Check

COREMECH LIMITED financials

coremech limited Credit Report and Business Information

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coremech limited Ownership

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coremech limited company details

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coremech limited Companies House Filings - See Documents