Cornish Gems Limited

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cornish gems limited Company Information

Live

EstablishedSmallDeclining

Company Number

06984313

Website

www.cornishgems.com

Registered Address

carne house western extension, threemilestone, truro, cornwall, TR4 9LD

Industry

Management of real estate on a fee or contract basis

Telephone

01872241241

Next Accounts Due

September 2025

Group Structure

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Directors

Nadia MacEr-Wright15 Years

Thomas MacEr-Wright1 Years

Shareholders

cornish gems holdings limited 100%

cornish gems limited Estimated Valuation

£11.1m

Pomanda estimates the enterprise value of CORNISH GEMS LIMITED at £11.1m based on a Turnover of £4.8m and 2.3x industry multiple (adjusted for size and gross margin).

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Cornish Gems Limited is a live company located in truro, TR4 9LD with a Companies House number of 06984313. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in August 2009, it's largest shareholder is cornish gems holdings limited with a 100% stake. Cornish Gems Limited is a established, small sized company, Pomanda has estimated its turnover at £4.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Cornish Gems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £4.8m, make it larger than the average company (£1.2m)

Growth

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

EXPORT

Cornish Gems Limited's latest turnover from December 2023 is estimated at £4.8 million and the company has net assets of £1.7 million. According to their latest financial statements, Cornish Gems Limited has 106 employees and maintains cash reserves of £782.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Turnover	4,799,315	4,482,406	5,151,964	5,330,237	4,699,301	4,804,097	4,218,957	2,018,590	1,740,190	3,114,729	1,128,070	693,124	443,173	431,379
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,693,064	2,468,591	2,853,966	3,137,756	2,749,282	2,769,465	2,311,173	1,147,559	965,619	1,824,631	639,403	409,820	254,547	257,717
Gross Profit	2,106,251	2,013,816	2,297,998	2,192,481	1,950,019	2,034,632	1,907,784	871,031	774,571	1,290,098	488,667	283,304	188,626	173,662
Admin Expenses	2,124,121	1,932,574	2,303,238	1,160,643	1,449,427	1,947,485	2,264,613	584,315	374,909	1,086,284	397,712	240,827	155,660	166,070
Operating Profit	-17,870	81,242	-5,240	1,031,838	500,592	87,147	-356,829	286,716	399,662	203,814	90,955	42,477	32,966	7,592
Interest Payable	71,500	0	0	0	7,214	14,696	14,701	21,029	4,093	0	0	0	0	0
Interest Receivable	61,833	73,521	5,884	1,665	6,775	5,190	3,337	1,791	1,404	1,597	1,124	897	467	81
Pre-Tax Profit	-27,537	154,763	643	1,033,502	500,153	77,641	-368,194	267,478	396,973	205,411	92,079	43,374	33,432	7,674
Tax	0	-29,405	-122	-196,365	-95,029	-14,752	0	-52,292	-79,828	-43,136	-21,178	-10,410	-8,692	-2,149
Profit After Tax	-27,537	125,358	521	837,137	405,124	62,889	-368,194	215,186	317,145	162,275	70,901	32,964	24,740	5,525
Dividends Paid	0	0	0	0	0	0	0	122,000	30,000	0	0	0	0	0
Retained Profit	-27,537	125,358	521	837,137	405,124	62,889	-368,194	93,186	287,145	162,275	70,901	32,964	24,740	5,525
Employee Costs	4,787,630	5,322,838	4,673,984	4,405,766	4,114,286	4,200,644	3,591,375	609,111	481,395	838,807	322,934	195,371	132,096	134,337
Number Of Employees	106	120	110	110	100	111	107	17	14	25	10	6	4	4
EBITDA*	32,580	133,716	38,898	1,079,952	574,429	210,351	-271,462	382,974	421,057	219,554	106,909	45,387	36,156	19,779

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Tangible Assets	98,112	132,709	157,443	116,240	162,453	608,628	697,013	671,941	398,410	25,637	38,553	4,969	6,879	9,069
Intangible Assets	58,441	76,868	57,967	72,767	87,567	105,575	125,400	143,700	14,000	15,000	16,000	17,000	18,000	19,000
Investments & Other	22,622	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	179,175	209,577	215,410	189,007	250,020	714,203	822,413	815,641	412,410	40,637	54,553	21,969	24,879	28,069
Stock & work in progress	17,116	27,191	20,477	17,520	18,060	9,249	8,367	7,865	0	0	0	0	0	0
Trade Debtors	162,317	141,944	229,705	152,056	160,443	125,957	142,286	126,005	113,258	309,835	78,084	18,773	3,876	33,217
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,024,833	986,546	231,829	672,314	246,344	62,059	81,307	192,821	377,289	0	0	0	0	0
Cash	782,057	1,691,279	2,509,942	2,197,001	1,132,307	674,390	709,728	624,977	563,521	393,905	244,897	204,643	154,178	32,551
misc current assets	0	100	100	100	0	100	100	100	0	0	0	0	0	0
total current assets	3,986,323	2,847,060	2,992,053	3,038,991	1,557,254	871,755	941,788	951,768	1,054,068	703,740	322,981	223,416	158,054	65,768
total assets	4,165,498	3,056,637	3,207,463	3,227,998	1,807,274	1,585,958	1,764,201	1,767,409	1,466,478	744,377	377,534	245,385	182,933	93,837
Bank overdraft	300,000	0	0	0	0	17,451	16,109	11,109	8,983	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	511,336	452,894	759,256	849,673	459,433	396,244	493,436	389,484	289,632	442,645	235,494	182,056	152,568	88,212
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	51,908	64,116	102,830	46,655	0	0	0	0	0	0
other current liabilities	634,283	850,449	816,638	756,541	400,981	333,143	404,756	179,901	350,564	0	0	0	0	0
total current liabilities	1,445,619	1,303,343	1,575,894	1,606,214	912,322	810,954	1,017,131	627,149	649,179	442,645	235,494	182,056	152,568	88,212
loans	1,000,000	0	0	0	0	196,301	205,583	219,549	227,028	0	0	0	0	0
hp & lease commitments	0	0	0	0	103,397	178,015	197,089	215,212	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	7,745	13,623	17,256	7,992	14,800	29,057	35,656	28,563	6,521	5,127	7,710	0	0	0
total long term liabilities	1,007,745	13,623	17,256	7,992	118,197	403,373	438,328	463,324	233,549	5,127	7,710	0	0	0
total liabilities	2,453,364	1,316,966	1,593,150	1,614,206	1,030,519	1,214,327	1,455,459	1,090,473	882,728	447,772	243,204	182,056	152,568	88,212
net assets	1,712,134	1,739,671	1,614,313	1,613,792	776,755	371,631	308,742	676,936	583,750	296,605	134,330	63,329	30,365	5,625
total shareholders funds	1,712,134	1,739,671	1,614,313	1,613,792	776,755	371,631	308,742	676,936	583,750	296,605	134,330	63,329	30,365	5,625

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Operating Activities
Operating Profit	-17,870	81,242	-5,240	1,031,838	500,592	87,147	-356,829	286,716	399,662	203,814	90,955	42,477	32,966	7,592
Depreciation	32,023	35,109	29,338	33,314	55,829	103,379	67,067	77,958	20,395	14,740	14,954	1,910	2,190	11,187
Amortisation	18,427	17,365	14,800	14,800	18,008	19,825	18,300	18,300	1,000	1,000	1,000	1,000	1,000	1,000
Tax	0	-29,405	-122	-196,365	-95,029	-14,752	0	-52,292	-79,828	-43,136	-21,178	-10,410	-8,692	-2,149
Stock	-10,075	6,714	2,957	-540	8,811	882	502	7,865	0	0	0	0	0	0
Debtors	2,058,660	666,956	-362,836	417,583	218,771	-35,577	-95,233	-171,721	180,712	231,751	59,311	14,897	-29,341	33,217
Creditors	58,442	-306,362	-90,417	390,240	63,189	-97,192	103,952	99,852	-153,013	207,151	53,438	29,488	64,356	88,212
Accruals and Deferred Income	-216,166	33,811	60,097	355,560	67,838	-71,613	224,855	-170,663	350,564	0	0	0	0	0
Deferred Taxes & Provisions	-5,878	-3,633	9,264	-6,808	-14,257	-6,599	7,093	22,042	1,394	-2,583	7,710	0	0	0
Cash flow from operations	-2,179,607	-845,543	377,599	1,205,536	368,588	54,890	159,169	445,769	359,462	149,235	87,568	49,568	121,161	72,625
Investing Activities
capital expenditure	2,574	-46,641	-70,541	12,899	390,346	-14,994	-92,139	-499,489	-393,168	-1,824	-48,538	0	0	-40,256
Change in Investments	22,622	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-20,048	-46,641	-70,541	12,899	390,346	-14,994	-92,139	-499,489	-393,168	-1,824	-48,538	0	0	-40,256
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	1,000,000	0	0	0	-196,301	-9,282	-13,966	-7,479	227,028	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-155,305	-86,826	-57,788	38,052	261,867	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	0	0	-100	0	0	0	0	0	0	100	0	0	100
interest	-9,667	73,521	5,884	1,665	-439	-9,506	-11,364	-19,238	-2,689	1,597	1,124	897	467	81
cash flow from financing	990,333	73,521	5,884	-153,740	-283,566	-76,576	12,722	235,150	224,339	1,597	1,224	897	467	181
cash and cash equivalents
cash	-909,222	-818,663	312,941	1,064,694	457,917	-35,338	84,751	61,456	169,616	149,008	40,254	50,465	121,627	32,551
overdraft	300,000	0	0	0	-17,451	1,342	5,000	2,126	8,983	0	0	0	0	0
change in cash	-1,209,222	-818,663	312,941	1,064,694	475,368	-36,680	79,751	59,330	160,633	149,008	40,254	50,465	121,627	32,551

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CORNISH GEMS LIMITED group structure

Cornish Gems Limited has 1 subsidiary company.

Ultimate parent company

CORNISH GEMS LIMITED

06984313

1 subsidiary

THE COFFEE LOUNGE (CORNWALL) LIMITED

08514033

CORNISH GEMS LIMITED Shareholders

cornish gems holdings limited

100%

Cornish Gems Limited currently has 2 directors. The longest serving directors include Mrs Nadia MacEr-Wright (Aug 2009) and Mr Thomas MacEr-Wright (Sep 2023).

officer	country	age	start	end	role
Mrs Nadia MacEr-Wright	United Kingdom	48 years	Aug 2009	-	Director
Mr Thomas MacEr-Wright	United Kingdom	49 years	Sep 2023	-	Director

P&L

December 2023

turnover

4.8m

+7%

operating profit

-17.9k

gross margin

43.9%

-2.32%

turnover

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

Balance Sheet

December 2023

net assets

1.7m

-0.02%

total assets

4.2m

+0.36%

cash

782.1k

-0.54%

net assets

Total assets minus all liabilities

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company number

06984313

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

incorporation date

August 2009

ultimate parent company

None

previous names

N/A

address

carne house western extension, threemilestone, truro, cornwall, TR4 9LD

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 cornish gems limited. Currently there are 1 open charges and 2 have been satisfied in the past.

cornish gems limited Company Information

cornish gems limited Estimated Valuation

cornish gems limited Estimated Valuation

cornish gems limited Estimated Valuation

Cornish Gems Limited Overview

Cornish Gems Limited Health Check

CORNISH GEMS LIMITED financials

cornish gems limited Credit Report and Business Information

Cornish Gems Limited Competitor Analysis

cornish gems limited Ownership

cornish gems limited directors

cornish gems limited company details

cornish gems limited Charges & Mortgages

cornish gems limited Companies House Filings - See Documents