Corrie And Co Ltd

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corrie and co ltd Company Information

Live

EstablishedSmallDeclining

Company Number

07135640

Next Accounts

Dec 2024

Industry

Real estate agencies

Directors

David Corrie

Allen Gibb

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Shareholders

david morgan corrie

officelife developments limited

Group Structure

View All

Contact

Registered Address

cavendish house, kirkby-in-furness, cumbria, LA17 7UN

Website

www.corrieandco.co.uk

corrie and co ltd Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of CORRIE AND CO LTD at £1.3m based on an EBITDA of £243.9k and a 5.51x industry multiple (adjusted for size and gross margin).

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Corrie And Co Ltd is a live company located in cumbria, LA17 7UN with a Companies House number of 07135640. It operates in the real estate agencies sector, SIC Code 68310. Founded in January 2010, it's largest shareholder is david morgan corrie with a 50% stake. Corrie And Co Ltd is a established, small sized company, Pomanda has estimated its turnover at £700.7k with declining growth in recent years.

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

Health Rating4.5out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £700.7k, make it smaller than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.1%)

EXPORT

Corrie And Co Ltd's latest turnover from March 2023 is estimated at £700.7 thousand and the company has net assets of £544.4 thousand. According to their latest financial statements, Corrie And Co Ltd has 18 employees and maintains cash reserves of £468.1 thousand 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	Dec 2010
Turnover	700,736	497,182	446,871	774,234	684,193	617,532	699,097	706,645	70,317	30,001	54,851	268,389	160,308
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	394,435	242,392	209,877	397,119	369,217	303,369	280,085	278,082	25,805	12,813	24,334	121,264	86,403
Gross Profit	306,301	254,791	236,995	377,115	314,976	314,163	419,011	428,562	44,512	17,188	30,517	147,125	73,905
Admin Expenses	86,715	-143,710	-78,376	423,058	352,843	275,360	188,927	331,263	-18,950	-56,041	139,686	770,883	512,864
Operating Profit	219,586	398,501	315,371	-45,943	-37,867	38,803	230,084	97,299	63,462	73,229	-109,169	-623,758	-438,959
Interest Payable	0	128	7,846	13,382	9,822	7,585	12,034	8,365	0	0	0	0	0
Interest Receivable	18,582	2,084	75	0	1	0	1	3	3	3	3	2	2
Pre-Tax Profit	238,168	400,457	307,600	-59,325	-47,688	31,219	218,051	88,936	63,465	73,231	-109,166	-623,756	-438,957
Tax	-45,252	-76,087	-58,444	0	0	-5,932	-43,610	-17,787	-13,328	-16,843	0	0	0
Profit After Tax	192,916	324,370	249,156	-59,325	-47,688	25,287	174,441	71,149	50,137	56,388	-109,166	-623,756	-438,957
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	192,916	324,370	249,156	-59,325	-47,688	25,287	174,441	71,149	50,137	56,388	-109,166	-623,756	-438,957
Employee Costs	670,942	642,523	608,112	1,041,677	981,187	911,648	1,016,450	955,998	37,812	36,731	33,587	96,074	66,853
Number Of Employees	18	16	17	28	25	26	28	26	1	1	1	3	2
EBITDA*	243,945	418,174	334,920	-7,753	-15,701	58,677	247,881	105,795	71,823	81,538	-79,706	-580,327	-409,541

* 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	Dec 2010
Tangible Assets	75,968	63,202	76,276	88,817	55,212	61,493	68,474	68,063	76,355	84,304	92,613	135,031	221,708
Intangible Assets	15,950	22,550	29,150	35,750	42,350	48,950	55,550	62,150	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	22,549	63,884	68,120	58,063	75,963	0	0	0	0	0	0
Total Fixed Assets	91,918	85,752	127,975	188,451	165,682	168,506	199,987	130,213	76,355	84,304	92,613	135,031	221,708
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	150,506	52,912	33,905	75,058	85,527	7,407	21,752	16,222	12,491	3,184	6,859	44,722	23,556
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	13,128	39,567	52,726	79,414	61,610	111,107	0	0	0	0	0
Cash	468,065	406,367	149,324	356	220	0	0	577	577	577	455	603	769
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	618,571	459,279	196,357	114,981	138,473	86,821	83,362	127,906	13,068	3,761	7,314	45,325	24,325
total assets	710,489	545,031	324,332	303,432	304,155	255,327	283,349	258,119	89,423	88,065	99,927	180,356	246,033
Bank overdraft	0	0	3,807	253,436	185,320	94,692	95,711	205,283	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	162,280	191,638	19,694	22,647	21,126	24,012	24,938	34,250	388,240	425,806	494,056	451,357	329,314
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	12,505
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	4,134	2,603	2,226	710	0	0	0	0	0	0	0
other current liabilities	0	0	266,176	239,165	247,974	235,471	261,032	261,227	0	0	0	0	0
total current liabilities	162,280	191,638	293,811	517,851	456,646	354,885	381,681	500,760	388,240	425,806	494,056	451,357	341,819
loans	0	0	0	0	0	11,002	31,975	52,107	0	0	0	0	0
hp & lease commitments	0	0	3,398	7,614	10,217	4,460	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	10,000	20,000	87,080	98,293	98,293	112,255	102,671
provisions	3,800	1,900	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	3,800	1,900	3,398	7,614	10,217	15,462	41,975	72,107	87,080	98,293	98,293	112,255	102,671
total liabilities	166,080	193,538	297,209	525,465	466,863	370,347	423,656	572,867	475,320	524,099	592,349	563,612	444,490
net assets	544,409	351,493	27,123	-222,033	-162,708	-115,020	-140,307	-314,748	-385,897	-436,034	-492,422	-383,256	-198,457
total shareholders funds	544,409	351,493	27,123	-222,033	-162,708	-115,020	-140,307	-314,748	-385,897	-436,034	-492,422	-383,256	-198,457

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Dec 2010
Operating Activities
Operating Profit	219,586	398,501	315,371	-45,943	-37,867	38,803	230,084	97,299	63,462	73,229	-109,169	-623,758	-438,959
Depreciation	17,759	13,073	12,949	31,590	15,566	13,274	11,197	8,496	8,361	8,309	29,463	43,431	29,418
Amortisation	6,600	6,600	6,600	6,600	6,600	6,600	6,600	0	0	0	0	0	0
Tax	-45,252	-76,087	-58,444	0	0	-5,932	-43,610	-17,787	-13,328	-16,843	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	97,594	-16,670	-108,927	-27,864	61,489	-14,441	31,996	114,838	9,307	-3,675	-37,863	44,722	23,556
Creditors	-29,358	171,944	-2,953	1,521	-2,886	-926	-9,312	-353,990	-37,566	-68,250	42,699	451,357	329,314
Accruals and Deferred Income	0	-266,176	27,011	-8,809	12,503	-25,561	-195	261,227	0	0	0	0	0
Deferred Taxes & Provisions	1,900	1,900	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	73,641	266,425	409,461	12,823	-67,573	40,699	162,768	-119,593	11,622	120	856	-173,692	-103,783
Investing Activities
capital expenditure	-30,525	1	-408	-65,195	-9,285	-6,293	-11,608	-62,354	-412	0	12,955	-178,462	-251,126
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-30,525	1	-408	-65,195	-9,285	-6,293	-11,608	-62,354	-412	0	12,955	-178,462	-251,126
Financing Activities
Bank loans	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	12,505
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	-11,002	-20,973	-20,132	52,107	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-7,532	-2,685	-2,226	7,273	5,170	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-10,000	-10,000	-67,080	-11,213	0	-13,962	112,255	102,671
share issue	0	0	0	0	0	0	0	0	0	0	0	240,500	240,500
interest	18,582	1,956	-7,771	-13,382	-9,821	-7,585	-12,033	-8,362	3	3	3	2	2
cash flow from financing	18,582	-5,576	-10,456	-15,608	-13,550	-33,388	-42,165	-23,335	-11,210	3	-13,959	352,757	355,678
cash and cash equivalents
cash	61,698	257,043	148,968	136	220	0	-577	0	0	122	-148	603	769
overdraft	0	-3,807	-249,629	68,116	90,628	-1,019	-109,572	205,283	0	0	0	0	0
change in cash	61,698	260,850	398,597	-67,980	-90,408	1,019	108,995	-205,283	0	122	-148	603	769

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 corrie and co ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in LA17 area or any other competitors across 12 key performance metrics.

CORRIE AND CO LTD group structure

Corrie And Co Ltd has no subsidiary companies.

Ultimate parent company

CORRIE AND CO LTD

07135640

CORRIE AND CO LTD Shareholders

david morgan corrie	50%
officelife developments limited	50%

Corrie And Co Ltd currently has 6 directors. The longest serving directors include Mr David Corrie (Jan 2010) and Mr Allen Gibb (Oct 2011).

officer	country	age	start	end	role
Mr David Corrie		64 years	Jan 2010	-	Director
Mr Allen Gibb	United Kingdom	58 years	Oct 2011	-	Director
Mr Morgan Corrie		30 years	Jun 2024	-	Director
Mr Stewart McCoy		50 years	Jun 2024	-	Director
Mrs Melanie Corrie	United Kingdom	53 years	Jun 2024	-	Director
Mr Fraser Corrie		26 years	Jun 2024	-	Director

P&L

March 2023

turnover

700.7k

+41%

operating profit

219.6k

gross margin

43.8%

-14.7%

turnover

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

Balance Sheet

March 2023

net assets

544.4k

+0.55%

total assets

710.5k

+0.3%

cash

468.1k

+0.15%

net assets

Total assets minus all liabilities

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company number

07135640

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

January 2010

ultimate parent company

None

previous names

N/A

address

cavendish house, kirkby-in-furness, cumbria, LA17 7UN

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.

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corrie and co ltd Company Information

corrie and co ltd Estimated Valuation

corrie and co ltd Estimated Valuation

corrie and co ltd Estimated Valuation

Corrie And Co Ltd Overview

Corrie And Co Ltd Health Check

CORRIE AND CO LTD financials

corrie and co ltd Credit Report and Business Information

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corrie and co ltd Ownership

corrie and co ltd directors

corrie and co ltd company details

corrie and co ltd Charges & Mortgages

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