corbyn apartments limited

corbyn apartments limited Company Information

Share CORBYN APARTMENTS LIMITED
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EstablishedMicroHealthy

Company Number

09362977

Industry

Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.

 

Shareholders

landford estates ltd

Group Structure

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Contact

Registered Address

stag gates house, 63/64 the avenue, southampton, hampshire, SO17 1XS

corbyn apartments limited Estimated Valuation

£260.4k

Pomanda estimates the enterprise value of CORBYN APARTMENTS LIMITED at £260.4k based on a Turnover of £293.5k and 0.89x industry multiple (adjusted for size and gross margin).

corbyn apartments limited Estimated Valuation

£487k

Pomanda estimates the enterprise value of CORBYN APARTMENTS LIMITED at £487k based on an EBITDA of £135.4k and a 3.6x industry multiple (adjusted for size and gross margin).

corbyn apartments limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of CORBYN APARTMENTS LIMITED at £2.4m based on Net Assets of £979.6k and 2.4x industry multiple (adjusted for liquidity).

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Corbyn Apartments Limited Overview

Corbyn Apartments Limited is a live company located in southampton, SO17 1XS with a Companies House number of 09362977. It operates in the other holiday and other collective accommodation sector, SIC Code 55209. Founded in December 2014, it's largest shareholder is landford estates ltd with a 100% stake. Corbyn Apartments Limited is a established, micro sized company, Pomanda has estimated its turnover at £293.5k with healthy growth in recent years.

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Corbyn Apartments Limited Health Check

Pomanda's financial health check has awarded Corbyn Apartments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

1 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £293.5k, make it smaller than the average company (£541.7k)

£293.5k - Corbyn Apartments Limited

£541.7k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (12.5%)

6% - Corbyn Apartments Limited

12.5% - Industry AVG

production

Production

with a gross margin of 68.9%, this company has a comparable cost of product (68.9%)

68.9% - Corbyn Apartments Limited

68.9% - Industry AVG

profitability

Profitability

an operating margin of 44.9% make it more profitable than the average company (13.7%)

44.9% - Corbyn Apartments Limited

13.7% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (16)

4 - Corbyn Apartments Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £26.2k, the company has an equivalent pay structure (£26.2k)

£26.2k - Corbyn Apartments Limited

£26.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £73.4k, this is equally as efficient (£73.4k)

£73.4k - Corbyn Apartments Limited

£73.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Corbyn Apartments Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Corbyn Apartments Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Corbyn Apartments Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 27 weeks, this is less cash available to meet short term requirements (45 weeks)

27 weeks - Corbyn Apartments Limited

45 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 56.1%, this is a similar level of debt than the average (53.7%)

56.1% - Corbyn Apartments Limited

53.7% - Industry AVG

CORBYN APARTMENTS LIMITED financials

EXPORTms excel logo

Corbyn Apartments Limited's latest turnover from December 2023 is estimated at £293.5 thousand and the company has net assets of £979.6 thousand. According to their latest financial statements, Corbyn Apartments Limited has 4 employees and maintains cash reserves of £17.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016
Turnover293,492222,699209,575206,149245,140208,182277,466628,736820,849
Other Income Or Grants000000000
Cost Of Sales91,40873,13377,97592,43494,77477,873104,800249,764350,474
Gross Profit202,084149,566131,600113,714150,366130,309172,665378,972470,375
Admin Expenses70,25093,144103,93936,21999,40167,896135,907135,871312,516
Operating Profit131,83456,42227,66177,49550,96562,41336,758243,101157,859
Interest Payable117,212100,36671,51165,31465,99073,76778,25292,75853,913
Interest Receivable7953,090674862767488928517
Pre-Tax Profit15,417-40,854-43,17612,267-14,997-10,679-40,605150,628103,964
Tax-3,85400-2,331000-28,619-20,793
Profit After Tax11,563-40,854-43,1769,936-14,997-10,679-40,605122,00983,171
Dividends Paid000000000
Retained Profit11,563-40,854-43,1769,936-14,997-10,679-40,605122,00983,171
Employee Costs104,99889,78180,05478,87769,36075,26868,62468,04268,476
Number Of Employees444444554
EBITDA*135,35858,91831,91981,18555,57868,01939,738244,113166,941

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016
Tangible Assets1,374,0971,377,6211,377,6261,484,761658,451663,064667,130653,950492,841
Intangible Assets000000000
Investments & Other000000000
Debtors (Due After 1 year)000000000
Total Fixed Assets1,374,0971,377,6211,377,6261,484,761658,451663,064667,130653,950492,841
Stock & work in progress0000000673,2771,381,328
Trade Debtors000000000
Group Debtors836,266835,667867,624738,082636,703626,019548,743175,68123,909
Misc Debtors2,6206,6604,42217,51771,29872,300105,35012,54822,398
Cash17,72212,56415,861164,0028,82245,533134,251221,2806,940
misc current assets000000000
total current assets856,608854,891887,907919,601716,823743,852788,3441,082,7861,434,575
total assets2,230,7052,232,5122,265,5332,404,3621,375,2741,406,9161,455,4741,736,7361,927,416
Bank overdraft23,49311,60011,49911,10011,04211,042113,360124,400580,851
Bank loan000000000
Trade Creditors 000000000
Group/Directors Accounts00000007,2020
other short term finances000000000
hp & lease commitments000000000
other current liabilities10,08111,64541,09743,5522,9993,07129,90852,323184,993
total current liabilities33,57423,24552,59654,65214,04114,113143,268183,925765,844
loans1,012,4871,036,1861,042,1781,054,0751,065,2341,076,276985,0001,185,0001,078,000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions205,000205,000205,000176,70017,00022,53122,53122,531301
total long term liabilities1,217,4871,241,1861,247,1781,230,7751,082,2341,098,8071,007,5311,207,5311,078,301
total liabilities1,251,0611,264,4311,299,7741,285,4271,096,2751,112,9201,150,7991,391,4561,844,145
net assets979,644968,081965,7591,118,935278,999293,996304,675345,28083,271
total shareholders funds979,644968,081965,7591,118,935278,999293,996304,675345,28083,271
Dec 2023Dec 2022Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016
Operating Activities
Operating Profit131,83456,42227,66177,49550,96562,41336,758243,101157,859
Depreciation3,5242,4964,2583,6904,6135,6062,9801,0129,082
Amortisation000000000
Tax-3,85400-2,331000-28,619-20,793
Stock000000-673,277-708,0511,381,328
Debtors-3,44186,728116,44747,5989,68244,226465,864141,92246,307
Creditors000000000
Accruals and Deferred Income-1,564-31,907-2,45540,553-72-26,837-22,415-132,670184,993
Deferred Taxes & Provisions028,30028,300159,700-5,5310022,230301
Cash flow from operations133,381-31,417-58,683231,50940,293-3,044224,736671,183-1,096,193
Investing Activities
capital expenditure0104,644102,877-830,0000-1,540-16,160-162,121-501,923
Change in Investments000000000
cash flow from investments0104,644102,877-830,0000-1,540-16,160-162,121-501,923
Financing Activities
Bank loans000000000
Group/Directors Accounts000000-7,2027,2020
Other Short Term Loans 000000000
Long term loans-23,699-17,889-11,897-11,159-11,04291,276-200,000107,0001,078,000
Hire Purchase and Lease Commitments000000000
other long term liabilities000000000
share issue0-110,000-110,000830,000000140,000100
interest-116,417-97,276-70,837-65,228-65,963-73,093-77,363-92,473-53,896
cash flow from financing-140,116-225,165-192,734753,613-77,00518,183-284,565161,7291,024,204
cash and cash equivalents
cash5,158-151,438-148,141155,180-36,711-88,718-87,029214,3406,940
overdraft11,893500399580-102,318-11,040-456,451580,851
change in cash-6,735-151,938-148,540155,122-36,71113,600-75,989670,791-573,911

corbyn apartments limited 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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Corbyn Apartments Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for corbyn apartments limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in SO17 area or any other competitors across 12 key performance metrics.

corbyn apartments limited Ownership

CORBYN APARTMENTS LIMITED group structure

Corbyn Apartments Limited has no subsidiary companies.

Ultimate parent company

1 parent

CORBYN APARTMENTS LIMITED

09362977

CORBYN APARTMENTS LIMITED Shareholders

landford estates ltd 100%

corbyn apartments limited directors

Corbyn Apartments Limited currently has 2 directors. The longest serving directors include Mr Piers Fitzwilliams (Dec 2014) and Mr Rory Fitzwilliams (Dec 2014).

officercountryagestartendrole
Mr Piers Fitzwilliams64 years Dec 2014- Director
Mr Rory Fitzwilliams63 years Dec 2014- Director

P&L

December 2023

turnover

293.5k

+32%

operating profit

131.8k

0%

gross margin

68.9%

+2.52%

turnover

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

Balance Sheet

December 2023

net assets

979.6k

+0.01%

total assets

2.2m

0%

cash

17.7k

+0.41%

net assets

Total assets minus all liabilities

corbyn apartments limited company details

company number

09362977

Type

Private limited with Share Capital

industry

55209 - Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.

incorporation date

December 2014

age

11

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

stag gates house, 63/64 the avenue, southampton, hampshire, SO17 1XS

Bank

-

Legal Advisor

-

corbyn apartments 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 corbyn apartments limited.

corbyn apartments limited 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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corbyn apartments limited Companies House Filings - See Documents

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