cornerstone city church
cornerstone city church Company Information
Company Number
07963955
Next Accounts
Sep 2025
Shareholders
-
Group Structure
View All
Industry
Activities of religious organisations
Registered Address
jasper centre, cornerstone city church, rochester, kent, ME1 2LD
Website
http://cornerstonecity.co.ukcornerstone city church Estimated Valuation
Pomanda estimates the enterprise value of CORNERSTONE CITY CHURCH at £329.9k based on a Turnover of £523.5k and 0.63x industry multiple (adjusted for size and gross margin).
cornerstone city church Estimated Valuation
Pomanda estimates the enterprise value of CORNERSTONE CITY CHURCH at £0 based on an EBITDA of £-31.6k and a 3.11x industry multiple (adjusted for size and gross margin).
cornerstone city church Estimated Valuation
Pomanda estimates the enterprise value of CORNERSTONE CITY CHURCH at £530.3k based on Net Assets of £232.9k and 2.28x industry multiple (adjusted for liquidity).
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Cornerstone City Church Overview
Cornerstone City Church is a live company located in rochester, ME1 2LD with a Companies House number of 07963955. It operates in the activities of religious organizations sector, SIC Code 94910. Founded in February 2012, it's largest shareholder is unknown. Cornerstone City Church is a established, small sized company, Pomanda has estimated its turnover at £523.5k with declining growth in recent years.
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Cornerstone City Church Health Check
Pomanda's financial health check has awarded Cornerstone City Church a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
3 Weak
Size
annual sales of £523.5k, make it larger than the average company (£316.5k)
£523.5k - Cornerstone City Church
£316.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (3.5%)
- Cornerstone City Church
3.5% - Industry AVG
Production
with a gross margin of 88%, this company has a comparable cost of product (88%)
88% - Cornerstone City Church
88% - Industry AVG
Profitability
an operating margin of -7.1% make it less profitable than the average company (0.9%)
-7.1% - Cornerstone City Church
0.9% - Industry AVG
Employees
with 11 employees, this is above the industry average (6)
11 - Cornerstone City Church
6 - Industry AVG
Pay Structure
on an average salary of £20.7k, the company has an equivalent pay structure (£23.8k)
£20.7k - Cornerstone City Church
£23.8k - Industry AVG
Efficiency
resulting in sales per employee of £47.6k, this is less efficient (£63.5k)
£47.6k - Cornerstone City Church
£63.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cornerstone City Church
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Cornerstone City Church
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cornerstone City Church
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1912 weeks, this is more cash available to meet short term requirements (353 weeks)
1912 weeks - Cornerstone City Church
353 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.5%, this is a lower level of debt than the average (5.4%)
1.5% - Cornerstone City Church
5.4% - Industry AVG
CORNERSTONE CITY CHURCH financials
Cornerstone City Church's latest turnover from December 2023 is £523.5 thousand and the company has net assets of £232.9 thousand. According to their latest financial statements, Cornerstone City Church has 11 employees and maintains cash reserves of £125.8 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 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 523,500 | 413,302 | 92,837 | |||||||||
| Other Income Or Grants | 0 | |||||||||||
| Cost Of Sales | 0 | |||||||||||
| Gross Profit | 92,837 | |||||||||||
| Admin Expenses | 108,420 | |||||||||||
| Operating Profit | -15,583 | |||||||||||
| Interest Payable | 0 | 0 | 0 | |||||||||
| Interest Receivable | 0 | 0 | 26 | |||||||||
| Pre-Tax Profit | -29,736 | 10,804 | -15,557 | |||||||||
| Tax | 0 | 0 | 0 | |||||||||
| Profit After Tax | -29,736 | 10,804 | -15,557 | |||||||||
| Dividends Paid | 0 | 0 | 0 | |||||||||
| Retained Profit | -29,736 | 10,804 | -15,557 | |||||||||
| Employee Costs | 227,839 | 184,868 | ||||||||||
| Number Of Employees | 11 | 10 | 8 | 8 | 7 | |||||||
| EBITDA* | -13,102 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 105,295 | 101,777 | 105,527 | 111,926 | 113,027 | 116,777 | 116,662 | 119,639 | 122,616 | 125,593 | 128,570 | 131,547 |
| 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 | 2,326 | 3,991 | 0 | 0 |
| Total Fixed Assets | 105,295 | 101,777 | 105,527 | 111,926 | 113,027 | 116,777 | 116,662 | 119,639 | 124,942 | 129,584 | 128,570 | 131,547 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 146,890 | 104,751 | 63,226 | 41,909 | 41,496 | 12,349 | 0 | 0 | 2,655 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,231 | 11,706 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,781 |
| Cash | 125,809 | 149,768 | 0 | 0 | 0 | 0 | 0 | 0 | 17,901 | 12,192 | 6,829 | 21,526 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 131,040 | 161,474 | 146,890 | 104,751 | 63,226 | 41,909 | 41,496 | 12,349 | 17,901 | 12,192 | 9,484 | 24,307 |
| total assets | 236,335 | 263,251 | 252,417 | 216,677 | 176,253 | 158,686 | 158,158 | 131,988 | 142,843 | 141,776 | 138,054 | 155,854 |
| 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 | 0 | 0 | 570 | 540 | 1,054 | 1,077 | 1,043 | 3,439 | 4,277 | 2,385 | 5,768 | 0 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,420 | 600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,227 |
| total current liabilities | 3,420 | 600 | 570 | 540 | 1,054 | 1,077 | 1,043 | 3,439 | 4,277 | 2,385 | 5,768 | 19,227 |
| loans | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,420 | 600 | 570 | 540 | 1,054 | 1,077 | 1,043 | 3,439 | 4,277 | 2,385 | 5,768 | 19,227 |
| net assets | 232,915 | 262,651 | 251,847 | 216,137 | 175,199 | 157,609 | 157,115 | 128,549 | 138,566 | 139,391 | 132,286 | 136,627 |
| total shareholders funds | 232,915 | 262,651 | 251,847 | 216,137 | 175,199 | 157,609 | 157,115 | 128,549 | 138,566 | 139,391 | 132,286 | 136,627 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -15,583 | |||||||||||
| Depreciation | 5,325 | 0 | 2,977 | 2,977 | 2,977 | 2,481 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Tax | 0 | 0 | 0 | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -6,475 | -135,184 | 42,139 | 41,525 | 21,317 | 413 | 29,147 | 10,023 | -1,665 | 1,336 | -126 | 2,781 |
| Creditors | 0 | -570 | 30 | -514 | -23 | 34 | -2,396 | -838 | 1,892 | -3,383 | 5,768 | 0 |
| Accruals and Deferred Income | 2,820 | 600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19,227 | 19,227 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,344 | |||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | ||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 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 | 0 | 0 | 26 | |||||||||
| cash flow from financing | 0 | 0 | 152,210 | |||||||||
| cash and cash equivalents | ||||||||||||
| cash | -23,959 | 149,768 | 0 | 0 | 0 | 0 | 0 | -17,901 | 5,709 | 5,363 | -14,697 | 21,526 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -23,959 | 149,768 | 0 | 0 | 0 | 0 | 0 | -17,901 | 5,709 | 5,363 | -14,697 | 21,526 |
cornerstone city church Credit Report and Business Information
Cornerstone City Church Competitor Analysis
Perform a competitor analysis for cornerstone city church by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in ME1 area or any other competitors across 12 key performance metrics.
cornerstone city church Ownership
CORNERSTONE CITY CHURCH group structure
Cornerstone City Church has no subsidiary companies.
Ultimate parent company
CORNERSTONE CITY CHURCH
07963955
cornerstone city church directors
Cornerstone City Church currently has 6 directors. The longest serving directors include Mr Gbolaoluwahan Mogaji (Feb 2012) and Mr Julian Perry (Feb 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gbolaoluwahan Mogaji | United Kingdom | 47 years | Feb 2012 | - | Director |
| Mr Julian Perry | 65 years | Feb 2012 | - | Director | |
| Mr Christopher Norwood | 51 years | Feb 2012 | - | Director | |
| Mrs Abigail Carey | England | 36 years | Nov 2016 | - | Director |
| Mr Griffith Crouch | England | 68 years | Nov 2016 | - | Director |
| Miss Acacia Sooklal | United Kingdom | 42 years | Nov 2021 | - | Director |
P&L
December 2023turnover
523.5k
+27%
operating profit
-37k
0%
gross margin
88%
-4.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
232.9k
-0.11%
total assets
236.3k
-0.1%
cash
125.8k
-0.16%
net assets
Total assets minus all liabilities
cornerstone city church company details
company number
07963955
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94910 - Activities of religious organisations
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
medway family church (April 2014)
accountant
JOHN CALADINE
auditor
-
address
jasper centre, cornerstone city church, rochester, kent, ME1 2LD
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
cornerstone city church 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 cornerstone city church.
cornerstone city church 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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cornerstone city church Companies House Filings - See Documents
| date | description | view/download |
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