cornwall crafts association

cornwall crafts association Company Information

Share CORNWALL CRAFTS ASSOCIATION
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EstablishedMicroHigh

Company Number

08425370

Industry

Activities of other membership organisations n.e.c.

 

Directors

Elinor Lamond

Paul Jackson

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Shareholders

-

Group Structure

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Contact

Registered Address

trelissick gallery trelissick, feock, truro, cornwall, TR3 6QL

cornwall crafts association Estimated Valuation

£67.7k

Pomanda estimates the enterprise value of CORNWALL CRAFTS ASSOCIATION at £67.7k based on a Turnover of £106.2k and 0.64x industry multiple (adjusted for size and gross margin).

cornwall crafts association Estimated Valuation

£0

Pomanda estimates the enterprise value of CORNWALL CRAFTS ASSOCIATION at £0 based on an EBITDA of £-14.8k and a 4.97x industry multiple (adjusted for size and gross margin).

cornwall crafts association Estimated Valuation

£139.3k

Pomanda estimates the enterprise value of CORNWALL CRAFTS ASSOCIATION at £139.3k based on Net Assets of £47.3k and 2.94x 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 £106.2k with high growth in recent years.

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Cornwall Crafts Association Health Check

Pomanda's financial health check has awarded Cornwall Crafts Association a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £106.2k, make it smaller than the average company (£410.5k)

£106.2k - Cornwall Crafts Association

£410.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.5%)

21% - Cornwall Crafts Association

6.5% - Industry AVG

production

Production

with a gross margin of 54.7%, this company has a comparable cost of product (54.7%)

54.7% - Cornwall Crafts Association

54.7% - Industry AVG

profitability

Profitability

an operating margin of -14.5% make it less profitable than the average company (1.3%)

-14.5% - Cornwall Crafts Association

1.3% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (9)

4 - Cornwall Crafts Association

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £18.1k, the company has a lower pay structure (£27.7k)

£18.1k - Cornwall Crafts Association

£27.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £26.5k, this is less efficient (£62.8k)

£26.5k - Cornwall Crafts Association

£62.8k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Cornwall Crafts Association

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 86 days, this is slower than average (28 days)

86 days - Cornwall Crafts Association

28 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cornwall Crafts Association

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 142 weeks, this is less cash available to meet short term requirements (215 weeks)

142 weeks - Cornwall Crafts Association

215 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 33.4%, this is a higher level of debt than the average (11.9%)

33.4% - Cornwall Crafts Association

11.9% - Industry AVG

CORNWALL CRAFTS ASSOCIATION financials

EXPORTms excel logo

Cornwall Crafts Association's latest turnover from December 2023 is £106.2 thousand and the company has net assets of £47.3 thousand. According to their latest financial statements, Cornwall Crafts Association has 4 employees and maintains cash reserves of £65 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Mar 2014
Turnover106,18897,77189,35459,47897,07895,572110,306100,131103,98500
Other Income Or Grants00000000000
Cost Of Sales48,10744,68536,52124,32140,34240,28343,43941,44444,61700
Gross Profit58,08153,08652,83335,15756,73655,28966,86758,68759,36800
Admin Expenses73,47764,04157,12055,72361,66053,64945,73949,61239,84400
Operating Profit-15,396-10,955-4,287-20,566-4,9241,64021,1289,07519,52400
Interest Payable000000002,83300
Interest Receivable00000000000
Pre-Tax Profit-11,607-8,106-4,090-20,475-4,0822,05117,5147,39515,77600
Tax00000000000
Profit After Tax-11,607-8,106-4,090-20,475-4,0822,05117,5147,39515,77600
Dividends Paid00000000000
Retained Profit-11,607-8,106-4,090-20,475-4,0822,05117,5147,39515,77600
Employee Costs72,43766,85460,86749,89255,68948,22946,80045,17240,71600
Number Of Employees44549999900
EBITDA*-14,790-10,198-3,340-19,375-3,4353,49922,62710,82422,51800

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Mar 2014
Tangible Assets2,4243,0303,7874,7346,5498,0386,6057,6308,45900
Intangible Assets00000000000
Investments & Other24822024220618815515413712000
Debtors (Due After 1 year)00000000000
Total Fixed Assets2,6723,2504,0294,9406,7378,1936,7597,7678,57900
Stock & work in progress00000000000
Trade Debtors0000001,0280000
Group Debtors00000000000
Misc Debtors3,4392,9483,4245,5981,4681,1023,5203,0823,17500
Cash65,01579,32983,45973,853107,933116,727121,24898,13078,30800
misc current assets00000000000
total current assets68,45482,27786,88379,451109,401117,829125,796101,21281,48300
total assets71,12685,52790,91284,391116,138126,022132,555108,97990,06200
Bank overdraft00000001,670000
Bank loan00000000000
Trade Creditors 11,38113,30312,4578,76714,6431,17517,51617,28014,99900
Group/Directors Accounts00000000000
other short term finances00000000000
hp & lease commitments00000000000
other current liabilities12,40313,27511,4004,4799,87529,14521,38913,9106,35600
total current liabilities23,78426,57823,85713,24624,51830,32038,90532,86021,35500
loans00000000000
hp & lease commitments00000000000
Accruals and Deferred Income00000000000
other liabilities00000000000
provisions00000000000
total long term liabilities00000000000
total liabilities23,78426,57823,85713,24624,51830,32038,90532,86021,35500
net assets47,34258,94967,05571,14591,62095,70293,65076,11968,70700
total shareholders funds47,34258,94967,05571,14591,62095,70293,65076,11968,70700
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Mar 2014
Operating Activities
Operating Profit-15,396-10,955-4,287-20,566-4,9241,64021,1289,07519,52400
Depreciation6067579471,1911,4891,8591,4991,7492,99400
Amortisation00000000000
Tax00000000000
Stock00000000000
Debtors491-476-2,1744,130366-3,4461,466-933,17500
Creditors-1,9228463,690-5,87613,468-16,3412362,28114,99900
Accruals and Deferred Income-8721,8756,921-5,396-19,2707,7567,4797,5546,35600
Deferred Taxes & Provisions00000000000
Cash flow from operations-18,075-7,0019,445-34,777-9,603-1,64028,87620,75240,69800
Investing Activities
capital expenditure0006240-3,292-474-920-11,45300
Change in Investments28-223618331171712000
cash flow from investments-2822-36606-33-3,293-491-937-11,57300
Financing Activities
Bank loans00000000000
Group/Directors Accounts00000000000
Other Short Term Loans 00000000000
Long term loans00000000000
Hire Purchase and Lease Commitments00000000000
other long term liabilities00000000000
share issue000001171752,93100
interest00000000-2,83300
cash flow from financing000001171750,09800
cash and cash equivalents
cash-14,314-4,1309,606-34,080-8,794-4,52123,11819,82278,30800
overdraft000000-1,6701,670000
change in cash-14,314-4,1309,606-34,080-8,794-4,52124,78818,15278,30800

cornwall crafts association Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cornwall Crafts Association Competitor Analysis

competitor_analysis_table_img

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 Shareholders

--

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).

officercountryagestartendrole
Ms Elinor LamondUnited Kingdom66 years Mar 2013- Director
Mr Paul JacksonEngland70 years Mar 2013- Director
Mr Timothy RogersUnited Kingdom72 years Mar 2015- Director
Mr Martin PageUnited Kingdom72 years Mar 2015- Director
Ms Lisa WisdomUnited Kingdom41 years Oct 2016- Director

P&L

December 2023

turnover

106.2k

+9%

operating profit

-15.4k

0%

gross margin

54.7%

+0.74%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

47.3k

-0.2%

total assets

71.1k

-0.17%

cash

65k

-0.18%

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

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

JOHN STEVENS

auditor

-

address

trelissick gallery trelissick, feock, truro, cornwall, TR3 6QL

Bank

BARCLAYS BANK PLC

Legal Advisor

-

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.

charges

cornwall crafts association Companies House Filings - See Documents

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