cornerstone merchant services (north) limited
cornerstone merchant services (north) limited Company Information
Company Number
07373392
Website
-Registered Address
1 westleigh office park, scirocco close, northampton, NN3 6BW
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Telephone
01344380021
Next Accounts Due
December 2024
Group Structure
View All
Directors
William Thomson7 Years
Shareholders
richmond international limited 100%
cornerstone merchant services (north) limited Estimated Valuation
Pomanda estimates the enterprise value of CORNERSTONE MERCHANT SERVICES (NORTH) LIMITED at £623.8k based on a Turnover of £878k and 0.71x industry multiple (adjusted for size and gross margin).
cornerstone merchant services (north) limited Estimated Valuation
Pomanda estimates the enterprise value of CORNERSTONE MERCHANT SERVICES (NORTH) LIMITED at £2.2m based on an EBITDA of £778.9k and a 2.83x industry multiple (adjusted for size and gross margin).
cornerstone merchant services (north) limited Estimated Valuation
Pomanda estimates the enterprise value of CORNERSTONE MERCHANT SERVICES (NORTH) LIMITED at £2m based on Net Assets of £922k and 2.14x industry multiple (adjusted for liquidity).
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Cornerstone Merchant Services (north) Limited Overview
Cornerstone Merchant Services (north) Limited is a live company located in northampton, NN3 6BW with a Companies House number of 07373392. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in September 2010, it's largest shareholder is richmond international limited with a 100% stake. Cornerstone Merchant Services (north) Limited is a established, small sized company, Pomanda has estimated its turnover at £878k with rapid growth in recent years.
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Cornerstone Merchant Services (north) Limited Health Check
Pomanda's financial health check has awarded Cornerstone Merchant Services (North) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £878k, make it smaller than the average company (£10m)
- Cornerstone Merchant Services (north) Limited
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (5.4%)
- Cornerstone Merchant Services (north) Limited
5.4% - Industry AVG
Production
with a gross margin of 46.6%, this company has a comparable cost of product (46.6%)
- Cornerstone Merchant Services (north) Limited
46.6% - Industry AVG
Profitability
an operating margin of 55.8% make it more profitable than the average company (11.7%)
- Cornerstone Merchant Services (north) Limited
11.7% - Industry AVG
Employees
with 7 employees, this is below the industry average (49)
7 - Cornerstone Merchant Services (north) Limited
49 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
- Cornerstone Merchant Services (north) Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £125.4k, this is less efficient (£179.2k)
- Cornerstone Merchant Services (north) Limited
£179.2k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is near the average (59 days)
- Cornerstone Merchant Services (north) Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (51 days)
- Cornerstone Merchant Services (north) Limited
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cornerstone Merchant Services (north) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (7 weeks)
18 weeks - Cornerstone Merchant Services (north) Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.2%, this is a lower level of debt than the average (59.3%)
53.2% - Cornerstone Merchant Services (north) Limited
59.3% - Industry AVG
CORNERSTONE MERCHANT SERVICES (NORTH) LIMITED financials
Cornerstone Merchant Services (North) Limited's latest turnover from March 2023 is estimated at £878 thousand and the company has net assets of £922 thousand. According to their latest financial statements, Cornerstone Merchant Services (North) Limited has 7 employees and maintains cash reserves of £369.3 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 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 7 | 5 | 4 | 2 | 1 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,304,637 | 842,617 | 231,969 | 400,462 | 0 | 0 | 0 | 0 | 9,972 | 24,127 | 38,282 | 41,679 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,304,637 | 842,617 | 231,969 | 400,462 | 0 | 0 | 0 | 0 | 9,972 | 24,127 | 38,282 | 41,679 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 147,788 | 82,632 | 28,765 | 42,772 | 0 | 0 | 1,519 | 5,507 | 5,998 | 5,736 | 11,637 | 20,051 |
| Group Debtors | 146,513 | 454,200 | 249,983 | 72,000 | 0 | 40,899 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 15,693 | 14,111 | 0 | 0 | 1,636 | 22,271 | 0 | 0 | 0 | 0 | 0 |
| Cash | 369,311 | 121,460 | 167,961 | 39,927 | 2,740 | 5,776 | 5,828 | 8,266 | 18,288 | 6,977 | 2,718 | 5,280 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 663,612 | 673,985 | 460,820 | 154,699 | 4,298 | 48,311 | 29,618 | 13,773 | 24,286 | 12,713 | 14,355 | 25,331 |
| total assets | 1,968,249 | 1,516,602 | 692,789 | 555,161 | 4,298 | 48,311 | 29,618 | 13,773 | 34,258 | 36,840 | 52,637 | 67,010 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 40,000 | 8,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 32,628 | 21,069 | 102,877 | 18 | 0 | 194 | 4,413 | 459,084 | 498,191 | 522,727 | 576,444 | 614,813 |
| Group/Directors Accounts | 979,543 | 770,451 | 390,208 | 515,208 | 0 | 89,535 | 444,027 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 38,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 34,100 | 23,307 | 9,233 | 29,610 | 0 | 5,684 | 7,104 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,046,271 | 854,827 | 510,651 | 544,836 | 46,384 | 95,413 | 455,544 | 459,084 | 498,191 | 522,727 | 576,444 | 614,813 |
| loans | 0 | 137,500 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 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 |
| total long term liabilities | 0 | 137,500 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,046,271 | 992,327 | 552,318 | 544,836 | 46,384 | 95,413 | 455,544 | 459,084 | 498,191 | 522,727 | 576,444 | 614,813 |
| net assets | 921,978 | 524,275 | 140,471 | 10,325 | -42,086 | -47,102 | -425,926 | -445,311 | -463,933 | -485,887 | -523,807 | -547,803 |
| total shareholders funds | 921,978 | 524,275 | 140,471 | 10,325 | -42,086 | -47,102 | -425,926 | -445,311 | -463,933 | -485,887 | -523,807 | -547,803 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 289,246 | 188,130 | 106,659 | 30,121 | 0 | 0 | 0 | 9,972 | 14,155 | 14,155 | 14,144 | 11,739 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -258,224 | 259,666 | 178,087 | 114,772 | -42,535 | 42,535 | 18,283 | -491 | 262 | -5,901 | -8,414 | 20,051 |
| Creditors | 11,559 | -81,808 | 102,859 | 18 | -194 | 194 | -454,671 | -39,107 | -24,536 | -53,717 | -38,369 | 614,813 |
| Accruals and Deferred Income | 10,793 | 14,074 | -20,377 | 29,610 | -5,684 | 5,684 | 7,104 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | -40,000 | 31,667 | 8,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 209,092 | 380,243 | -125,000 | 515,208 | -89,535 | 89,535 | 444,027 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -38,000 | 38,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -137,500 | 95,833 | 41,667 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 247,851 | -46,501 | 128,034 | 37,187 | -3,036 | 5,776 | -2,438 | -10,022 | 11,311 | 4,259 | -2,562 | 5,280 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 247,851 | -46,501 | 128,034 | 37,187 | -3,036 | 5,776 | -2,438 | -10,022 | 11,311 | 4,259 | -2,562 | 5,280 |
cornerstone merchant services (north) limited Credit Report and Business Information
Cornerstone Merchant Services (north) Limited Competitor Analysis
Perform a competitor analysis for cornerstone merchant services (north) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in NN3 area or any other competitors across 12 key performance metrics.
cornerstone merchant services (north) limited Ownership
CORNERSTONE MERCHANT SERVICES (NORTH) LIMITED group structure
Cornerstone Merchant Services (North) Limited has no subsidiary companies.
Ultimate parent company
1 parent
CORNERSTONE MERCHANT SERVICES (NORTH) LIMITED
07373392
cornerstone merchant services (north) limited directors
Cornerstone Merchant Services (North) Limited currently has 1 director, Mr William Thomson serving since Apr 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Thomson | 61 years | Apr 2017 | - | Director |
P&L
March 2023turnover
878k
+65%
operating profit
489.7k
0%
gross margin
46.7%
+5.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
922k
+0.76%
total assets
2m
+0.3%
cash
369.3k
+2.04%
net assets
Total assets minus all liabilities
cornerstone merchant services (north) limited company details
company number
07373392
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
September 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
1 westleigh office park, scirocco close, northampton, NN3 6BW
Bank
-
Legal Advisor
-
cornerstone merchant services (north) limited 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 2 charges/mortgages relating to cornerstone merchant services (north) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
cornerstone merchant services (north) limited Companies House Filings - See Documents
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