communities for renewables c.i.c.
communities for renewables c.i.c. Company Information
Company Number
07934268
Next Accounts
Apr 2025
Shareholders
tim beechey-newman
ian hodgson
View AllGroup Structure
View All
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Registered Address
redruth house, redruth enterprise park, scorrier, redruth, cornwall, TR16 5EZ
Website
cfrcic.co.ukcommunities for renewables c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of COMMUNITIES FOR RENEWABLES C.I.C. at £464.7k based on a Turnover of £497.2k and 0.93x industry multiple (adjusted for size and gross margin).
communities for renewables c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of COMMUNITIES FOR RENEWABLES C.I.C. at £431.6k based on an EBITDA of £69.2k and a 6.24x industry multiple (adjusted for size and gross margin).
communities for renewables c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of COMMUNITIES FOR RENEWABLES C.I.C. at £1.2m based on Net Assets of £514.2k and 2.35x industry multiple (adjusted for liquidity).
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Communities For Renewables C.i.c. Overview
Communities For Renewables C.i.c. is a live company located in scorrier, redruth, TR16 5EZ with a Companies House number of 07934268. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in February 2012, it's largest shareholder is tim beechey-newman with a 22.1% stake. Communities For Renewables C.i.c. is a established, micro sized company, Pomanda has estimated its turnover at £497.2k with healthy growth in recent years.
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Communities For Renewables C.i.c. Health Check
Pomanda's financial health check has awarded Communities For Renewables C.I.C. 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 £497.2k, make it smaller than the average company (£1.8m)
£497.2k - Communities For Renewables C.i.c.
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.8%)
6% - Communities For Renewables C.i.c.
5.8% - Industry AVG
Production
with a gross margin of 89.1%, this company has a lower cost of product (45.2%)
89.1% - Communities For Renewables C.i.c.
45.2% - Industry AVG
Profitability
an operating margin of 12.2% make it more profitable than the average company (6.1%)
12.2% - Communities For Renewables C.i.c.
6.1% - Industry AVG
Employees
with 10 employees, this is below the industry average (17)
10 - Communities For Renewables C.i.c.
17 - Industry AVG
Pay Structure
on an average salary of £49.4k, the company has an equivalent pay structure (£49.4k)
- Communities For Renewables C.i.c.
£49.4k - Industry AVG
Efficiency
resulting in sales per employee of £49.7k, this is less efficient (£117.1k)
£49.7k - Communities For Renewables C.i.c.
£117.1k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (57 days)
93 days - Communities For Renewables C.i.c.
57 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is close to average (32 days)
33 days - Communities For Renewables C.i.c.
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Communities For Renewables C.i.c.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 161 weeks, this is more cash available to meet short term requirements (28 weeks)
161 weeks - Communities For Renewables C.i.c.
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.8%, this is a lower level of debt than the average (53%)
19.8% - Communities For Renewables C.i.c.
53% - Industry AVG
COMMUNITIES FOR RENEWABLES C.I.C. financials
Communities For Renewables C.I.C.'s latest turnover from July 2023 is £497.2 thousand and the company has net assets of £514.2 thousand. According to their latest financial statements, Communities For Renewables C.I.C. has 10 employees and maintains cash reserves of £373.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 497,231 | 546,947 | 523,237 | 417,857 | 256,087 | 170,048 | 458,321 | 401,926 | 115,590 | 64,279 | 47,478 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 54,055 | 51,975 | 62,203 | 41,642 | 20,651 | 2,115 | 169,439 | 186,892 | 46,472 | 19,814 | 61,506 |
| Gross Profit | 443,176 | 494,972 | 461,034 | 376,215 | 235,436 | 167,933 | 288,882 | 215,034 | 69,118 | 44,465 | -14,028 |
| Admin Expenses | 382,681 | 419,993 | 262,853 | 261,651 | 202,119 | 185,368 | 151,488 | 147,669 | 107,254 | 76,643 | 29,651 |
| Operating Profit | 60,495 | 74,979 | 198,181 | 114,564 | 33,317 | -17,435 | 137,394 | 67,365 | -38,136 | -32,178 | -43,679 |
| Interest Payable | 37,639 | 751 | 9,780 | ||||||||
| Interest Receivable | 34,867 | 106 | 147 | 458 | 500 | 318 | 224 | 179 | 353 | 153 | |
| Pre-Tax Profit | 95,362 | 75,085 | 198,328 | 115,022 | 33,817 | 10,544 | 136,867 | 57,585 | -37,957 | -31,825 | -43,526 |
| Tax | -14,475 | -14,513 | -37,925 | -22,097 | -2,938 | -2,049 | -12,429 | 10,825 | |||
| Profit After Tax | 80,887 | 60,572 | 160,403 | 92,925 | 30,879 | 8,495 | 124,438 | 68,410 | -37,957 | -31,825 | -43,526 |
| Dividends Paid | 16,320 | 16,320 | 16,320 | 18,000 | 18,000 | 18,000 | 18,000 | ||||
| Retained Profit | 64,567 | 44,252 | 144,083 | 74,925 | 12,879 | -9,505 | 106,438 | 68,410 | -37,957 | -31,825 | -43,526 |
| Employee Costs | 373,011 | 236,943 | 226,232 | 98,857 | 90,776 | 8,392 | |||||
| Number Of Employees | 10 | 10 | 10 | 8 | 6 | 6 | 6 | 5 | |||
| EBITDA* | 69,196 | 78,602 | 201,881 | 117,674 | 35,335 | -16,895 | 137,819 | 67,815 | -37,927 | -32,026 | -43,679 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 28,811 | 7,056 | 8,429 | 7,982 | 10,262 | 1,708 | 1,279 | 1,436 | 1,088 | 609 | |
| Intangible Assets | |||||||||||
| Investments & Other | 11 | 11 | 11 | 11 | 11 | 11 | 3 | 1 | |||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 28,822 | 7,067 | 8,440 | 7,993 | 10,273 | 1,719 | 1,282 | 1,437 | 1,088 | 609 | |
| Stock & work in progress | 91,732 | 23,820 | |||||||||
| Trade Debtors | 127,730 | 102,599 | 101,230 | 5,940 | 4,093 | 3,790 | 50,081 | 154,899 | 75,070 | 6,009 | |
| Group Debtors | 8,776 | 8,247 | 32,385 | ||||||||
| Misc Debtors | 102,709 | 87,043 | 71,682 | 59,913 | 84,574 | 20,088 | 8,462 | 20,993 | 4,554 | 4,688 | 4,070 |
| Cash | 373,169 | 372,187 | 279,282 | 273,981 | 172,298 | 183,004 | 309,175 | 177,443 | 110,228 | 135,730 | 151,922 |
| misc current assets | |||||||||||
| total current assets | 612,384 | 570,076 | 484,579 | 339,834 | 260,965 | 206,882 | 367,718 | 353,335 | 281,584 | 170,247 | 155,992 |
| total assets | 641,206 | 577,143 | 493,019 | 347,827 | 271,238 | 208,601 | 369,000 | 354,772 | 282,672 | 170,856 | 155,992 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 5,006 | 146 | 3,753 | 6,229 | 19,422 | 2,958 | 1,474 | 27,204 | 3,821 | 1,622 | |
| Group/Directors Accounts | |||||||||||
| other short term finances | 150,000 | 50,000 | |||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 114,892 | 125,788 | 81,438 | 63,196 | 46,179 | 17,786 | 20,246 | 63,886 | 83,279 | 6,889 | 12,849 |
| total current liabilities | 119,898 | 125,934 | 85,191 | 69,425 | 65,601 | 20,744 | 171,720 | 113,886 | 110,483 | 10,710 | 14,471 |
| loans | 150,000 | 150,000 | 100,000 | ||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 410 | 1,395 | 2,380 | 100,000 | |||||||
| provisions | 7,070 | 1,128 | 1,014 | 686 | 876 | 325 | 243 | 287 | |||
| total long term liabilities | 7,070 | 1,538 | 2,409 | 3,066 | 876 | 325 | 243 | 150,287 | 150,000 | 100,000 | 100,000 |
| total liabilities | 126,968 | 127,472 | 87,600 | 72,491 | 66,477 | 21,069 | 171,963 | 264,173 | 260,483 | 110,710 | 114,471 |
| net assets | 514,238 | 449,671 | 405,419 | 275,336 | 204,761 | 187,532 | 197,037 | 90,599 | 22,189 | 60,146 | 41,521 |
| total shareholders funds | 514,238 | 449,671 | 405,419 | 275,336 | 204,761 | 187,532 | 197,037 | 90,599 | 22,189 | 60,146 | 41,521 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 60,495 | 74,979 | 198,181 | 114,564 | 33,317 | -17,435 | 137,394 | 67,365 | -38,136 | -32,178 | -43,679 |
| Depreciation | 8,701 | 3,623 | 3,700 | 3,110 | 2,018 | 540 | 425 | 450 | 209 | 152 | |
| Amortisation | |||||||||||
| Tax | -14,475 | -14,513 | -37,925 | -22,097 | -2,938 | -2,049 | -12,429 | 10,825 | |||
| Stock | -91,732 | 67,912 | 23,820 | ||||||||
| Debtors | 41,326 | -7,408 | 139,444 | -22,814 | 64,789 | -34,665 | -117,349 | 96,268 | 68,927 | 6,627 | 4,070 |
| Creditors | 4,860 | -3,607 | -2,476 | -13,193 | 16,464 | 1,484 | 1,474 | -27,204 | 23,383 | 2,199 | 1,622 |
| Accruals and Deferred Income | -10,896 | 44,350 | 18,242 | 17,017 | 28,393 | -2,460 | -43,640 | -19,393 | 76,390 | -5,960 | 12,849 |
| Deferred Taxes & Provisions | 5,942 | 114 | 328 | -190 | 551 | 82 | -44 | 287 | |||
| Cash flow from operations | 13,301 | 112,354 | 40,606 | 122,025 | 13,016 | 14,827 | 200,529 | 27,794 | -74,993 | -66,234 | -33,278 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 8 | 2 | 1 | ||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | -150,000 | 100,000 | 50,000 | ||||||||
| Long term loans | -150,000 | 50,000 | 100,000 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -410 | -985 | -985 | 2,380 | -100,000 | 100,000 | |||||
| share issue | |||||||||||
| interest | 34,867 | 106 | 147 | 458 | 500 | -37,321 | -527 | -9,780 | 179 | 353 | 153 |
| cash flow from financing | 34,457 | -879 | -14,838 | -1,512 | 4,850 | -187,321 | -50,527 | 40,220 | 50,179 | 50,803 | 185,200 |
| cash and cash equivalents | |||||||||||
| cash | 982 | 92,905 | 5,301 | 101,683 | -10,706 | -126,171 | 131,732 | 67,215 | -25,502 | -16,192 | 151,922 |
| overdraft | |||||||||||
| change in cash | 982 | 92,905 | 5,301 | 101,683 | -10,706 | -126,171 | 131,732 | 67,215 | -25,502 | -16,192 | 151,922 |
communities for renewables c.i.c. Credit Report and Business Information
Communities For Renewables C.i.c. Competitor Analysis
Perform a competitor analysis for communities for renewables c.i.c. by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in TR16 area or any other competitors across 12 key performance metrics.
communities for renewables c.i.c. Ownership
COMMUNITIES FOR RENEWABLES C.I.C. group structure
Communities For Renewables C.I.C. has 2 subsidiary companies.
Ultimate parent company
COMMUNITIES FOR RENEWABLES C.I.C.
07934268
2 subsidiaries
communities for renewables c.i.c. directors
Communities For Renewables C.I.C. currently has 7 directors. The longest serving directors include Mrs Cheryl Hiles (Feb 2012) and Mr William Burnyeat (Feb 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Cheryl Hiles | Uk | 46 years | Feb 2012 | - | Director |
| Mr William Burnyeat | United Kingdom | 46 years | Feb 2012 | - | Director |
| Mr Merlin Hyman | England | 55 years | May 2012 | - | Director |
| Mr Richard Coombs | 70 years | May 2012 | - | Director | |
| Mr Jonathan Johns | England | 67 years | May 2012 | - | Director |
| Mr Neil Harris | United Kingdom | 72 years | Jan 2020 | - | Director |
| Mr Thomas Cosgrove | United Kingdom | 43 years | May 2020 | - | Director |
P&L
July 2023turnover
497.2k
-9%
operating profit
60.5k
-19%
gross margin
89.2%
-1.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
514.2k
+0.14%
total assets
641.2k
+0.11%
cash
373.2k
0%
net assets
Total assets minus all liabilities
Similar Companies
communities for renewables c.i.c. company details
company number
07934268
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
SIMPKINS EDWARDS AUDIT LLP
address
redruth house, redruth enterprise park, scorrier, redruth, cornwall, TR16 5EZ
Bank
-
Legal Advisor
-
communities for renewables c.i.c. 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 communities for renewables c.i.c..
communities for renewables c.i.c. Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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communities for renewables c.i.c. Companies House Filings - See Documents
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