corby solar limited Company Information
Company Number
07696112
Registered Address
2nd floor 2 city place, beehive ring road, gatwick, west sussex, RH6 0PA
Industry
Production of electricity
Telephone
01536262193
Next Accounts Due
March 2025
Group Structure
View All
Directors
Kevin O'Connor0 Years
Shareholders
falcon solar farm limited 100%
corby solar limited Estimated Valuation
Pomanda estimates the enterprise value of CORBY SOLAR LIMITED at £290.5k based on a Turnover of £195k and 1.49x industry multiple (adjusted for size and gross margin).
corby solar limited Estimated Valuation
Pomanda estimates the enterprise value of CORBY SOLAR LIMITED at £486k based on an EBITDA of £114.1k and a 4.26x industry multiple (adjusted for size and gross margin).
corby solar limited Estimated Valuation
Pomanda estimates the enterprise value of CORBY SOLAR LIMITED at £2.6m based on Net Assets of £2m and 1.29x industry multiple (adjusted for liquidity).
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Corby Solar Limited Overview
Corby Solar Limited is a live company located in gatwick, RH6 0PA with a Companies House number of 07696112. It operates in the production of electricity sector, SIC Code 35110. Founded in July 2011, it's largest shareholder is falcon solar farm limited with a 100% stake. Corby Solar Limited is a established, micro sized company, Pomanda has estimated its turnover at £195k with low growth in recent years.
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Corby Solar Limited Health Check
Pomanda's financial health check has awarded Corby Solar Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £195k, make it smaller than the average company (£1.5m)
£195k - Corby Solar Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.3%)
1% - Corby Solar Limited
8.3% - Industry AVG
Production
with a gross margin of 67.5%, this company has a comparable cost of product (67.5%)
67.5% - Corby Solar Limited
67.5% - Industry AVG
Profitability
an operating margin of 32% make it less profitable than the average company (49.1%)
32% - Corby Solar Limited
49.1% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Corby Solar Limited
2 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Corby Solar Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £97.5k, this is less efficient (£381.6k)
£97.5k - Corby Solar Limited
£381.6k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is near the average (14 days)
13 days - Corby Solar Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is slower than average (19 days)
26 days - Corby Solar Limited
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Corby Solar Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 237 weeks, this is more cash available to meet short term requirements (12 weeks)
237 weeks - Corby Solar Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.3%, this is a lower level of debt than the average (90.7%)
4.3% - Corby Solar Limited
90.7% - Industry AVG
CORBY SOLAR LIMITED financials
Corby Solar Limited's latest turnover from June 2023 is £195 thousand and the company has net assets of £2 million. According to their latest financial statements, Corby Solar Limited has 2 employees and maintains cash reserves of £185 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 194,951 | 172,897 | 213,386 | 188,560 | 191,441 | 152,993 | 251,134 | 182,293 | 162,930 | 53,148 | ||
Other Income Or Grants | ||||||||||||
Cost Of Sales | ||||||||||||
Gross Profit | ||||||||||||
Admin Expenses | ||||||||||||
Operating Profit | 62,347 | 46,658 | 94,400 | 50,194 | 63,185 | 22,491 | 103,694 | 52,764 | ||||
Interest Payable | 0 | 0 | 0 | 0 | 0 | 8,735 | 4,096 | 0 | 87 | 10 | ||
Interest Receivable | 77,448 | 59,677 | 47,683 | 34,165 | 21,768 | 0 | 454 | 387 | 0 | 0 | ||
Pre-Tax Profit | 139,795 | 106,335 | 142,083 | 84,359 | 84,953 | 13,756 | 100,052 | 53,151 | 43,386 | 24,765 | ||
Tax | 4,821 | 4,626 | -10,117 | -2,471 | -131 | -1,534 | -5,409 | -10,633 | 0 | 0 | ||
Profit After Tax | 144,616 | 110,961 | 131,966 | 81,888 | 84,822 | 12,222 | 94,643 | 42,518 | 43,386 | 24,765 | ||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Retained Profit | 144,616 | 110,961 | 131,966 | 81,888 | 84,822 | 12,222 | 94,643 | 42,518 | 43,386 | 24,765 | ||
Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Number Of Employees | 2 | 2 | 3 | 3 | ||||||||
EBITDA* | 114,066 | 98,378 | 146,120 | 101,914 | 114,904 | 74,210 | 168,108 | 104,296 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 686,895 | 738,614 | 790,334 | 842,054 | 893,774 | 945,493 | 997,212 | 1,057,161 | 1,108,693 | 1,160,224 | 1,211,755 | 1,225,000 |
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 | 881,025 | 683,341 | 559,176 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 686,895 | 738,614 | 1,671,359 | 1,525,395 | 1,452,950 | 945,493 | 997,212 | 1,057,161 | 1,108,693 | 1,160,224 | 1,211,755 | 1,225,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 7,004 | 67,347 | 3,494 | 60,524 | 626 | 45,181 | 496 | 60,697 | 57,089 | 42,872 | 0 | 34,595 |
Group Debtors | 1,234,005 | 1,059,702 | 0 | 9,070 | 11,245 | 53,064 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 7,107 | 16,885 | 79,180 | 6,973 | 68,414 | 13,064 | 67,123 | 34,338 | 0 | 0 | 28,681 | 16,984 |
Cash | 185,046 | 117,069 | 132,180 | 142,973 | 117,950 | 521,786 | 597,286 | 426,323 | 381,429 | 262,703 | 128,118 | 4,247 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,433,162 | 1,261,003 | 214,854 | 219,540 | 198,235 | 633,095 | 664,905 | 521,358 | 438,518 | 305,575 | 156,799 | 55,826 |
total assets | 2,120,057 | 1,999,617 | 1,886,213 | 1,744,935 | 1,651,185 | 1,578,588 | 1,662,117 | 1,578,519 | 1,547,211 | 1,465,799 | 1,368,554 | 1,280,826 |
Bank overdraft | 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 |
Trade Creditors | 4,588 | 16,589 | 15,596 | 11,739 | 9,682 | 12,647 | 1,384 | 1,655 | 76,196 | 57,338 | 0 | 0 |
Group/Directors Accounts | 0 | 4,621 | 2,192 | 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 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 35,895 | 38,754 | 35,547 | 42,521 | 35,304 | 44,810 | 53,379 | 59,094 | 0 | 0 | 19,944 | 6,051 |
total current liabilities | 40,483 | 59,964 | 53,335 | 54,260 | 44,986 | 57,457 | 54,763 | 60,749 | 76,196 | 57,338 | 19,944 | 6,051 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 100,090 | 105,261 | 105,261 | 0 | 30,449 | 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 | 107,791 | 0 | 0 |
provisions | 50,134 | 54,829 | 59,015 | 48,778 | 46,190 | 45,944 | 44,299 | 44,187 | 39,950 | 0 | 0 | 0 |
total long term liabilities | 50,134 | 54,829 | 59,015 | 48,778 | 46,190 | 45,944 | 144,389 | 149,448 | 145,211 | 107,791 | 30,449 | 0 |
total liabilities | 90,617 | 114,793 | 112,350 | 103,038 | 91,176 | 103,401 | 199,152 | 210,197 | 221,407 | 165,129 | 50,393 | 6,051 |
net assets | 2,029,440 | 1,884,824 | 1,773,863 | 1,641,897 | 1,560,009 | 1,475,187 | 1,462,965 | 1,368,322 | 1,325,804 | 1,300,670 | 1,318,161 | 1,274,775 |
total shareholders funds | 2,029,440 | 1,884,824 | 1,773,863 | 1,641,897 | 1,560,009 | 1,475,187 | 1,462,965 | 1,368,322 | 1,325,804 | 1,300,670 | 1,318,161 | 1,274,775 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Operating Profit | 62,347 | 46,658 | 94,400 | 50,194 | 63,185 | 22,491 | 103,694 | 52,764 | ||||
Depreciation | 51,719 | 51,720 | 51,720 | 51,720 | 51,719 | 51,719 | 64,414 | 51,532 | 51,531 | 51,531 | 51,531 | 25,000 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 4,821 | 4,626 | -10,117 | -2,471 | -131 | -1,534 | -5,409 | -10,633 | 0 | 0 | ||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 104,182 | 180,235 | 203,791 | 120,447 | 528,152 | 43,690 | -27,416 | 37,946 | 14,217 | 14,191 | -22,898 | 51,579 |
Creditors | -12,001 | 993 | 3,857 | 2,057 | -2,965 | 11,263 | -271 | -74,541 | 18,858 | 57,338 | 0 | 0 |
Accruals and Deferred Income | -2,859 | 3,207 | -6,974 | 7,217 | -9,506 | -8,569 | -5,715 | 59,094 | 0 | -19,944 | 13,893 | 6,051 |
Deferred Taxes & Provisions | -4,695 | -4,186 | 10,237 | 2,588 | 246 | 1,645 | 112 | 4,237 | 39,950 | 0 | 0 | 0 |
Cash flow from operations | -4,850 | -77,217 | -60,668 | -9,142 | -425,604 | 33,325 | 184,241 | 44,507 | ||||
Investing Activities | ||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Financing Activities | ||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -4,621 | 2,429 | 2,192 | 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 |
Long term loans | 0 | 0 | 0 | 0 | 0 | -100,090 | -5,171 | 0 | 105,261 | -30,449 | 30,449 | 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 | -107,791 | 107,791 | 0 | 0 |
share issue | ||||||||||||
interest | 77,448 | 59,677 | 47,683 | 34,165 | 21,768 | -8,735 | -3,642 | 387 | -87 | -10 | ||
cash flow from financing | 72,827 | 62,106 | 49,875 | 34,165 | 21,768 | -108,825 | -8,813 | 387 | 30,362 | 1,250,000 | ||
cash and cash equivalents | ||||||||||||
cash | 67,977 | -15,111 | -10,793 | 25,023 | -403,836 | -75,500 | 170,963 | 44,894 | 118,726 | 134,585 | 123,871 | 4,247 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 67,977 | -15,111 | -10,793 | 25,023 | -403,836 | -75,500 | 170,963 | 44,894 | 118,726 | 134,585 | 123,871 | 4,247 |
corby solar limited Credit Report and Business Information
Corby Solar Limited Competitor Analysis
Perform a competitor analysis for corby solar limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other micro companies, companies in RH6 area or any other competitors across 12 key performance metrics.
corby solar limited Ownership
CORBY SOLAR LIMITED group structure
Corby Solar Limited has no subsidiary companies.
Ultimate parent company
BLUEFIELD SOLAR INCOME FUND LTD
#0081159
2 parents
CORBY SOLAR LIMITED
07696112
corby solar limited directors
Corby Solar Limited currently has 1 director, Mr Kevin O'Connor serving since Jul 2024.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Kevin O'Connor | United Kingdom | 43 years | Jul 2024 | - | Director |
P&L
June 2023turnover
195k
+13%
operating profit
62.3k
+34%
gross margin
67.6%
+10.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
2m
+0.08%
total assets
2.1m
+0.06%
cash
185k
+0.58%
net assets
Total assets minus all liabilities
corby solar limited company details
company number
07696112
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
July 2011
age
13
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
solar photovoltaic (spv 1) limited (January 2017)
globerise ltd. (July 2011)
last accounts submitted
June 2023
address
2nd floor 2 city place, beehive ring road, gatwick, west sussex, RH6 0PA
accountant
-
auditor
KPMG CHANNEL ISLANDS LIMITED
corby solar 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 did not find charges/mortgages relating to corby solar limited.
corby solar limited Companies House Filings - See Documents
date | description | view/download |
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