corriemoillie windfarm limited
corriemoillie windfarm limited Company Information
Company Number
09377951
Next Accounts
189 days late
Shareholders
edf energy renewables holdings ltd
Group Structure
View All
Industry
Production of electricity
Registered Address
alexander house 1 mandarin road, rainton bridge business park, houghton le spring sunderland, DH4 5RA
Website
https://www.edf-re.uk/corriemoillie windfarm limited Estimated Valuation
Pomanda estimates the enterprise value of CORRIEMOILLIE WINDFARM LIMITED at £70.8m based on a Turnover of £23.4m and 3.03x industry multiple (adjusted for size and gross margin).
corriemoillie windfarm limited Estimated Valuation
Pomanda estimates the enterprise value of CORRIEMOILLIE WINDFARM LIMITED at £167.7m based on an EBITDA of £19.5m and a 8.59x industry multiple (adjusted for size and gross margin).
corriemoillie windfarm limited Estimated Valuation
Pomanda estimates the enterprise value of CORRIEMOILLIE WINDFARM LIMITED at £125.7m based on Net Assets of £47.8m and 2.63x industry multiple (adjusted for liquidity).
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Corriemoillie Windfarm Limited Overview
Corriemoillie Windfarm Limited is a live company located in houghton le spring sunderland, DH4 5RA with a Companies House number of 09377951. It operates in the production of electricity sector, SIC Code 35110. Founded in January 2015, it's largest shareholder is edf energy renewables holdings ltd with a 100% stake. Corriemoillie Windfarm Limited is a established, large sized company, Pomanda has estimated its turnover at £23.4m with rapid growth in recent years.
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Corriemoillie Windfarm Limited Health Check
Pomanda's financial health check has awarded Corriemoillie Windfarm Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 0 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
0 Weak
Size
annual sales of £23.4m, make it larger than the average company (£1.3m)
£23.4m - Corriemoillie Windfarm Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (4.9%)
37% - Corriemoillie Windfarm Limited
4.9% - Industry AVG
Production
with a gross margin of 82%, this company has a comparable cost of product (69.8%)
82% - Corriemoillie Windfarm Limited
69.8% - Industry AVG
Profitability
an operating margin of 68.7% make it more profitable than the average company (45.2%)
68.7% - Corriemoillie Windfarm Limited
45.2% - Industry AVG
Employees
with 72 employees, this is above the industry average (3)
- Corriemoillie Windfarm Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Corriemoillie Windfarm Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £324.8k, this is equally as efficient (£326.7k)
- Corriemoillie Windfarm Limited
£326.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Corriemoillie Windfarm Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 80 days, this is slower than average (23 days)
80 days - Corriemoillie Windfarm Limited
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Corriemoillie Windfarm Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 62 weeks, this is more cash available to meet short term requirements (8 weeks)
62 weeks - Corriemoillie Windfarm Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.5%, this is a lower level of debt than the average (94.7%)
31.5% - Corriemoillie Windfarm Limited
94.7% - Industry AVG
CORRIEMOILLIE WINDFARM LIMITED financials
Corriemoillie Windfarm Limited's latest turnover from December 2022 is £23.4 million and the company has net assets of £47.8 million. According to their latest financial statements, we estimate that Corriemoillie Windfarm Limited has 72 employees and maintains cash reserves of £4.8 million 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 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 23,384,000 | 14,422,000 | 9,933,000 | 9,061,000 | 10,275,000 | 9,902,000 | 691,000 | |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 4,208,000 | 2,607,000 | 2,374,000 | 1,716,000 | 1,951,000 | 1,852,000 | 92,000 | |
| Gross Profit | 19,176,000 | 11,815,000 | 7,559,000 | 7,345,000 | 8,324,000 | 8,050,000 | 599,000 | |
| Admin Expenses | 3,108,000 | 3,712,000 | 3,613,000 | 4,142,000 | 4,559,000 | 3,858,000 | 212,000 | |
| Operating Profit | 16,068,000 | 8,103,000 | 3,946,000 | 3,203,000 | 3,765,000 | 4,192,000 | 387,000 | |
| Interest Payable | 879,000 | 1,843,000 | 350,000 | 867,000 | 1,179,000 | 868,000 | 54,000 | |
| Interest Receivable | 54,000 | |||||||
| Pre-Tax Profit | 15,189,000 | 6,260,000 | 3,596,000 | 2,336,000 | 2,586,000 | 3,378,000 | 333,000 | |
| Tax | -3,007,000 | -2,500,000 | -1,039,000 | -306,000 | -581,000 | -462,000 | 21,000 | 13,000 |
| Profit After Tax | 12,182,000 | 3,760,000 | 2,557,000 | 2,030,000 | 2,005,000 | 2,916,000 | 354,000 | 13,000 |
| Dividends Paid | ||||||||
| Retained Profit | 12,182,000 | 3,760,000 | 2,557,000 | 2,030,000 | 2,005,000 | 2,916,000 | 354,000 | 13,000 |
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* | 19,510,000 | 11,413,000 | 7,257,000 | 7,341,000 | 7,436,000 | 6,440,000 | 576,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,147,000 | 65,484,000 | 68,630,000 | 70,567,000 | 66,144,000 | 69,327,000 | 69,176,000 | 37,729,000 |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 61,147,000 | 65,484,000 | 68,630,000 | 70,567,000 | 66,144,000 | 69,327,000 | 69,176,000 | 37,729,000 |
| Stock & work in progress | ||||||||
| Trade Debtors | 2,000 | 1,136,000 | 406,000 | 2,336,000 | 5,702,000 | 1,349,000 | ||
| Group Debtors | 2,731,000 | 3,344,000 | ||||||
| Misc Debtors | 1,095,000 | 804,000 | 3,903,000 | 3,508,000 | 1,600,000 | 7,251,000 | 770,000 | 706,000 |
| Cash | 4,806,000 | 3,882,000 | 3,024,000 | 3,557,000 | 5,828,000 | |||
| misc current assets | ||||||||
| total current assets | 8,632,000 | 8,032,000 | 8,063,000 | 7,471,000 | 9,764,000 | 12,953,000 | 2,119,000 | 706,000 |
| total assets | 69,779,000 | 73,516,000 | 76,693,000 | 78,038,000 | 75,908,000 | 82,280,000 | 71,295,000 | 38,435,000 |
| Bank overdraft | 1,105,000 | 4,751,000 | 671,000 | |||||
| Bank loan | ||||||||
| Trade Creditors | 925,000 | 885,000 | 122,000 | 81,000 | 403,000 | 148,000 | 896,000 | 686,000 |
| Group/Directors Accounts | 72,000 | 7,000 | ||||||
| other short term finances | ||||||||
| hp & lease commitments | 620,000 | 274,000 | 514,000 | 502,000 | ||||
| other current liabilities | 2,397,000 | 742,000 | 686,000 | 389,000 | 2,271,000 | 2,712,000 | 2,671,000 | 271,000 |
| total current liabilities | 4,014,000 | 1,901,000 | 1,322,000 | 972,000 | 2,674,000 | 3,972,000 | 8,318,000 | 1,628,000 |
| loans | 3,968,000 | 21,342,000 | 30,186,000 | 36,384,000 | 42,540,000 | 49,757,000 | 39,213,000 | 23,957,000 |
| hp & lease commitments | 6,709,000 | 7,594,000 | 7,914,000 | 7,089,000 | ||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 7,271,000 | 7,044,000 | 5,396,000 | 4,275,000 | 3,406,000 | 3,268,000 | 1,363,000 | 59,000 |
| total long term liabilities | 17,948,000 | 35,980,000 | 43,496,000 | 47,748,000 | 45,946,000 | 53,025,000 | 40,576,000 | 24,016,000 |
| total liabilities | 21,962,000 | 37,881,000 | 44,818,000 | 48,720,000 | 48,620,000 | 56,997,000 | 48,894,000 | 25,644,000 |
| net assets | 47,817,000 | 35,635,000 | 31,875,000 | 29,318,000 | 27,288,000 | 25,283,000 | 22,401,000 | 12,791,000 |
| total shareholders funds | 47,817,000 | 35,635,000 | 31,875,000 | 29,318,000 | 27,288,000 | 25,283,000 | 22,401,000 | 12,791,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 16,068,000 | 8,103,000 | 3,946,000 | 3,203,000 | 3,765,000 | 4,192,000 | 387,000 | |
| Depreciation | 3,442,000 | 3,310,000 | 3,311,000 | 4,138,000 | 3,671,000 | 2,248,000 | 189,000 | |
| Amortisation | ||||||||
| Tax | -3,007,000 | -2,500,000 | -1,039,000 | -306,000 | -581,000 | -462,000 | 21,000 | 13,000 |
| Stock | ||||||||
| Debtors | -324,000 | -889,000 | 1,125,000 | -22,000 | -9,017,000 | 10,834,000 | 1,413,000 | 706,000 |
| Creditors | 40,000 | 763,000 | 41,000 | -322,000 | 255,000 | -748,000 | 210,000 | 686,000 |
| Accruals and Deferred Income | 1,655,000 | 56,000 | 297,000 | -1,882,000 | -441,000 | 41,000 | 2,400,000 | 271,000 |
| Deferred Taxes & Provisions | 227,000 | 1,648,000 | 1,121,000 | 869,000 | 138,000 | 1,905,000 | 1,304,000 | 59,000 |
| Cash flow from operations | 18,749,000 | 12,269,000 | 6,552,000 | 5,722,000 | 15,824,000 | -3,658,000 | 3,098,000 | |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 72,000 | -7,000 | 7,000 | |||||
| Other Short Term Loans | ||||||||
| Long term loans | -17,374,000 | -8,844,000 | -6,198,000 | -6,156,000 | -7,217,000 | 10,544,000 | 15,256,000 | 23,957,000 |
| Hire Purchase and Lease Commitments | -539,000 | -560,000 | 837,000 | 7,591,000 | ||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -879,000 | -1,843,000 | -350,000 | -867,000 | -1,179,000 | -814,000 | -54,000 | |
| cash flow from financing | -18,720,000 | -11,247,000 | -5,711,000 | 568,000 | -8,403,000 | 9,703,000 | 24,458,000 | 36,735,000 |
| cash and cash equivalents | ||||||||
| cash | 924,000 | 858,000 | -533,000 | -2,271,000 | 5,828,000 | |||
| overdraft | -1,105,000 | -3,646,000 | 4,080,000 | 671,000 | ||||
| change in cash | 924,000 | 858,000 | -533,000 | -2,271,000 | 6,933,000 | 3,646,000 | -4,080,000 | -671,000 |
corriemoillie windfarm limited Credit Report and Business Information
Corriemoillie Windfarm Limited Competitor Analysis
Perform a competitor analysis for corriemoillie windfarm limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other large companies, companies in DH4 area or any other competitors across 12 key performance metrics.
corriemoillie windfarm limited Ownership
CORRIEMOILLIE WINDFARM LIMITED group structure
Corriemoillie Windfarm Limited has no subsidiary companies.
Ultimate parent company
ELECTRICITE DE FRANCE SA
#0013854
2 parents
CORRIEMOILLIE WINDFARM LIMITED
09377951
corriemoillie windfarm limited directors
Corriemoillie Windfarm Limited currently has 3 directors. The longest serving directors include Mr Hassaan Majid (Feb 2018) and Mr Piero Maggio (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hassaan Majid | England | 56 years | Feb 2018 | - | Director |
| Mr Piero Maggio | England | 47 years | May 2022 | - | Director |
| Mr Ian Jessop | England | 49 years | Aug 2023 | - | Director |
P&L
December 2022turnover
23.4m
+62%
operating profit
16.1m
+98%
gross margin
82.1%
+0.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
47.8m
+0.34%
total assets
69.8m
-0.05%
cash
4.8m
+0.24%
net assets
Total assets minus all liabilities
corriemoillie windfarm limited company details
company number
09377951
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
January 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
edf er cm1 limited (May 2015)
accountant
-
auditor
KPMG LLP
address
alexander house 1 mandarin road, rainton bridge business park, houghton le spring sunderland, DH4 5RA
Bank
-
Legal Advisor
-
corriemoillie windfarm 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 corriemoillie windfarm limited.
corriemoillie windfarm 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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corriemoillie windfarm limited Companies House Filings - See Documents
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