cornwall crafts association Company Information
Company Number
08425370
Website
www.cornwallcrafts.co.ukRegistered Address
trelissick gallery trelissick, feock, truro, cornwall, TR3 6QL
Industry
Activities of other membership organisations n.e.c.
Telephone
01209217168
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
-0%
cornwall crafts association Estimated Valuation
Pomanda estimates the enterprise value of CORNWALL CRAFTS ASSOCIATION at £60.9k based on a Turnover of £97.8k and 0.62x industry multiple (adjusted for size and gross margin).
cornwall crafts association Estimated Valuation
Pomanda estimates the enterprise value of CORNWALL CRAFTS ASSOCIATION at £0 based on an EBITDA of £-10.2k and a 4.92x industry multiple (adjusted for size and gross margin).
cornwall crafts association Estimated Valuation
Pomanda estimates the enterprise value of CORNWALL CRAFTS ASSOCIATION at £177.7k based on Net Assets of £58.9k and 3.02x industry multiple (adjusted for liquidity).
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Cornwall Crafts Association Overview
Cornwall Crafts Association is a live company located in truro, TR3 6QL with a Companies House number of 08425370. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in March 2013, it's largest shareholder is unknown. Cornwall Crafts Association is a established, micro sized company, Pomanda has estimated its turnover at £97.8k with low growth in recent years.
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Cornwall Crafts Association Health Check
Pomanda's financial health check has awarded Cornwall Crafts Association a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £97.8k, make it smaller than the average company (£382.1k)
£97.8k - Cornwall Crafts Association
£382.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (2.8%)
- Cornwall Crafts Association
2.8% - Industry AVG
Production
with a gross margin of 54.4%, this company has a comparable cost of product (54.4%)
54.4% - Cornwall Crafts Association
54.4% - Industry AVG
Profitability
an operating margin of -11.2% make it less profitable than the average company (4.1%)
-11.2% - Cornwall Crafts Association
4.1% - Industry AVG
Employees
with 4 employees, this is below the industry average (9)
4 - Cornwall Crafts Association
9 - Industry AVG
Pay Structure
on an average salary of £16.7k, the company has a lower pay structure (£26k)
£16.7k - Cornwall Crafts Association
£26k - Industry AVG
Efficiency
resulting in sales per employee of £24.4k, this is less efficient (£60.5k)
£24.4k - Cornwall Crafts Association
£60.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cornwall Crafts Association
- - Industry AVG
Creditor Days
its suppliers are paid after 108 days, this is slower than average (30 days)
108 days - Cornwall Crafts Association
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cornwall Crafts Association
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 155 weeks, this is less cash available to meet short term requirements (200 weeks)
155 weeks - Cornwall Crafts Association
200 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.1%, this is a higher level of debt than the average (13.5%)
31.1% - Cornwall Crafts Association
13.5% - Industry AVG
CORNWALL CRAFTS ASSOCIATION financials
Cornwall Crafts Association's latest turnover from December 2022 is £97.8 thousand and the company has net assets of £58.9 thousand. According to their latest financial statements, Cornwall Crafts Association has 4 employees and maintains cash reserves of £79.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Turnover | 97,771 | 89,354 | 59,478 | 97,078 | 95,572 | 110,306 | 100,131 | 103,985 | ||
Other Income Or Grants | ||||||||||
Cost Of Sales | ||||||||||
Gross Profit | ||||||||||
Admin Expenses | ||||||||||
Operating Profit | ||||||||||
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,833 | ||
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Pre-Tax Profit | -8,106 | -4,090 | -20,475 | -4,082 | 2,051 | 17,514 | 7,395 | 15,776 | ||
Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Profit After Tax | -8,106 | -4,090 | -20,475 | -4,082 | 2,051 | 17,514 | 7,395 | 15,776 | ||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Retained Profit | -8,106 | -4,090 | -20,475 | -4,082 | 2,051 | 17,514 | 7,395 | 15,776 | ||
Employee Costs | 66,854 | 60,867 | 49,892 | 55,689 | 48,229 | 46,800 | 45,172 | 40,716 | ||
Number Of Employees | 4 | 5 | 4 | 9 | 9 | 9 | 9 | 9 | ||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 3,030 | 3,787 | 4,734 | 6,549 | 8,038 | 6,605 | 7,630 | 8,459 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 220 | 242 | 206 | 188 | 155 | 154 | 137 | 120 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 3,250 | 4,029 | 4,940 | 6,737 | 8,193 | 6,759 | 7,767 | 8,579 | 0 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 | 1,028 | 0 | 0 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 2,948 | 3,424 | 5,598 | 1,468 | 1,102 | 3,520 | 3,082 | 3,175 | 0 | 0 |
Cash | 79,329 | 83,459 | 73,853 | 107,933 | 116,727 | 121,248 | 98,130 | 78,308 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 82,277 | 86,883 | 79,451 | 109,401 | 117,829 | 125,796 | 101,212 | 81,483 | 0 | 0 |
total assets | 85,527 | 90,912 | 84,391 | 116,138 | 126,022 | 132,555 | 108,979 | 90,062 | 0 | 0 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 1,670 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 13,303 | 12,457 | 8,767 | 14,643 | 1,175 | 17,516 | 17,280 | 14,999 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 13,275 | 11,400 | 4,479 | 9,875 | 29,145 | 21,389 | 13,910 | 6,356 | 0 | 0 |
total current liabilities | 26,578 | 23,857 | 13,246 | 24,518 | 30,320 | 38,905 | 32,860 | 21,355 | 0 | 0 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 26,578 | 23,857 | 13,246 | 24,518 | 30,320 | 38,905 | 32,860 | 21,355 | 0 | 0 |
net assets | 58,949 | 67,055 | 71,145 | 91,620 | 95,702 | 93,650 | 76,119 | 68,707 | 0 | 0 |
total shareholders funds | 58,949 | 67,055 | 71,145 | 91,620 | 95,702 | 93,650 | 76,119 | 68,707 | 0 | 0 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Operating Profit | ||||||||||
Depreciation | 757 | 947 | 1,191 | 1,489 | 1,859 | 1,499 | 1,749 | 2,994 | ||
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -476 | -2,174 | 4,130 | 366 | -3,446 | 1,466 | -93 | 3,175 | 0 | 0 |
Creditors | 846 | 3,690 | -5,876 | 13,468 | -16,341 | 236 | 2,281 | 14,999 | 0 | 0 |
Accruals and Deferred Income | 1,875 | 6,921 | -5,396 | -19,270 | 7,756 | 7,479 | 7,554 | 6,356 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||
Investing Activities | ||||||||||
capital expenditure | ||||||||||
Change in Investments | -22 | 36 | 18 | 33 | 1 | 17 | 17 | 120 | 0 | 0 |
cash flow from investments | ||||||||||
Financing Activities | ||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 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 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||
interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,833 | ||
cash flow from financing | 0 | 0 | 0 | 0 | 1 | 17 | 17 | 50,098 | ||
cash and cash equivalents | ||||||||||
cash | -4,130 | 9,606 | -34,080 | -8,794 | -4,521 | 23,118 | 19,822 | 78,308 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | -1,670 | 1,670 | 0 | 0 | 0 |
change in cash | -4,130 | 9,606 | -34,080 | -8,794 | -4,521 | 24,788 | 18,152 | 78,308 | 0 | 0 |
cornwall crafts association Credit Report and Business Information
Cornwall Crafts Association Competitor Analysis
Perform a competitor analysis for cornwall crafts association by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in TR3 area or any other competitors across 12 key performance metrics.
cornwall crafts association Ownership
CORNWALL CRAFTS ASSOCIATION group structure
Cornwall Crafts Association has no subsidiary companies.
Ultimate parent company
CORNWALL CRAFTS ASSOCIATION
08425370
cornwall crafts association directors
Cornwall Crafts Association currently has 5 directors. The longest serving directors include Ms Elinor Lamond (Mar 2013) and Mr Paul Jackson (Mar 2013).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ms Elinor Lamond | United Kingdom | 66 years | Mar 2013 | - | Director |
Mr Paul Jackson | United Kingdom | 70 years | Mar 2013 | - | Director |
Mr Timothy Rogers | United Kingdom | 72 years | Mar 2015 | - | Director |
Mr Martin Page | United Kingdom | 72 years | Mar 2015 | - | Director |
Ms Lisa Wisdom | United Kingdom | 41 years | Oct 2016 | - | Director |
P&L
December 2022turnover
97.8k
+9%
operating profit
-11k
0%
gross margin
54.4%
-8.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
58.9k
-0.12%
total assets
85.5k
-0.06%
cash
79.3k
-0.05%
net assets
Total assets minus all liabilities
cornwall crafts association company details
company number
08425370
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94990 - Activities of other membership organisations n.e.c.
incorporation date
March 2013
age
11
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
trelissick gallery trelissick, feock, truro, cornwall, TR3 6QL
accountant
JOHN STEVENS
auditor
-
cornwall crafts association 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 cornwall crafts association.
cornwall crafts association Companies House Filings - See Documents
date | description | view/download |
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