verdant community energy c.i.c.
verdant community energy c.i.c. Company Information
Company Number
09655760
Next Accounts
Mar 2025
Shareholders
burnham & weston energy cic
Group Structure
View All
Industry
Production of electricity
Registered Address
redruth house, cornwall business park west, redruth, cornwall, TR16 5EZ
Website
burnhamandwestonenergy.co.ukverdant community energy c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of VERDANT COMMUNITY ENERGY C.I.C. at £3m based on a Turnover of £1.6m and 1.91x industry multiple (adjusted for size and gross margin).
verdant community energy c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of VERDANT COMMUNITY ENERGY C.I.C. at £6.2m based on an EBITDA of £1.1m and a 5.59x industry multiple (adjusted for size and gross margin).
verdant community energy c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of VERDANT COMMUNITY ENERGY C.I.C. at £0 based on Net Assets of £-200.4k and 2.75x industry multiple (adjusted for liquidity).
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Verdant Community Energy C.i.c. Overview
Verdant Community Energy C.i.c. is a live company located in redruth, TR16 5EZ with a Companies House number of 09655760. It operates in the production of electricity sector, SIC Code 35110. Founded in June 2015, it's largest shareholder is burnham & weston energy cic with a 100% stake. Verdant Community Energy C.i.c. is a established, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.
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Verdant Community Energy C.i.c. Health Check
Pomanda's financial health check has awarded Verdant Community Energy C.I.C. a 4.5 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
4 Regular
3 Weak
Size
annual sales of £1.6m, make it in line with the average company (£1.5m)
£1.6m - Verdant Community Energy C.i.c.
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.4%)
5% - Verdant Community Energy C.i.c.
8.4% - Industry AVG
Production
with a gross margin of 98.5%, this company has a lower cost of product (67.5%)
98.5% - Verdant Community Energy C.i.c.
67.5% - Industry AVG
Profitability
an operating margin of 45.1% make it as profitable than the average company (48.9%)
45.1% - Verdant Community Energy C.i.c.
48.9% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Verdant Community Energy C.i.c.
2 - Industry AVG
Pay Structure
on an average salary of £71.1k, the company has an equivalent pay structure (£71.1k)
- Verdant Community Energy C.i.c.
£71.1k - Industry AVG
Efficiency
resulting in sales per employee of £788k, this is more efficient (£405.7k)
£788k - Verdant Community Energy C.i.c.
£405.7k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (14 days)
78 days - Verdant Community Energy C.i.c.
14 days - Industry AVG
Creditor Days
its suppliers are paid after 1172 days, this is slower than average (20 days)
1172 days - Verdant Community Energy C.i.c.
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Verdant Community Energy C.i.c.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (13 weeks)
46 weeks - Verdant Community Energy C.i.c.
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.4%, this is a higher level of debt than the average (90.6%)
102.4% - Verdant Community Energy C.i.c.
90.6% - Industry AVG
VERDANT COMMUNITY ENERGY C.I.C. financials
Verdant Community Energy C.I.C.'s latest turnover from June 2023 is £1.6 million and the company has net assets of -£200.4 thousand. According to their latest financial statements, Verdant Community Energy C.I.C. has 2 employees and maintains cash reserves of £600.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 1,575,933 | 1,323,483 | 1,243,825 | 1,344,471 | 1,194,856 | 1,089,117 | 1,042,354 | |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 23,923 | 16,416 | -6,597 | 10,788 | 31,913 | 13,499 | ||
| Gross Profit | 1,552,010 | 1,307,067 | 1,250,422 | 1,333,683 | 1,162,943 | 1,075,618 | 1,042,354 | |
| Admin Expenses | 841,953 | 745,191 | 658,229 | 692,534 | 722,179 | 767,384 | 1,256,712 | |
| Operating Profit | 710,057 | 561,876 | 592,193 | 641,149 | 440,764 | 308,234 | -214,358 | |
| Interest Payable | 415,430 | 431,618 | 444,030 | 459,227 | 501,321 | 618,853 | 1,084,400 | |
| Interest Receivable | 5,860 | 555 | 2,789 | 6,907 | 6,330 | 1,638 | ||
| Pre-Tax Profit | 300,487 | 130,813 | 150,952 | 188,829 | -54,227 | -214,242 | -672,086 | |
| Tax | -73,437 | -72,134 | 126,401 | |||||
| Profit After Tax | 227,050 | 58,679 | 277,353 | 188,829 | -54,227 | -214,242 | -672,086 | |
| Dividends Paid | ||||||||
| Retained Profit | 227,050 | 58,679 | 277,353 | 188,829 | -54,227 | -214,242 | -672,086 | |
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 |
| EBITDA* | 1,110,942 | 962,761 | 993,077 | 1,042,034 | 841,649 | 709,119 | 186,844 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,215,923 | 7,616,808 | 8,017,693 | 8,418,577 | 8,819,462 | 9,220,347 | 9,621,232 | 9,993,040 |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | 191,749 | 54,267 | 126,401 | |||||
| Total Fixed Assets | 7,407,672 | 7,671,075 | 8,144,094 | 8,418,577 | 8,819,462 | 9,220,347 | 9,621,232 | 9,993,040 |
| Stock & work in progress | ||||||||
| Trade Debtors | 338,644 | 127 | 4,877 | 3,600 | 71,810 | 60,384 | ||
| Group Debtors | ||||||||
| Misc Debtors | 155,973 | 619,772 | 534,993 | 753,082 | 550,605 | 40,372 | 980,195 | |
| Cash | 600,494 | 689,124 | 825,634 | 1,058,138 | 1,210,383 | 918,807 | 120,937 | |
| misc current assets | 452,868 | |||||||
| total current assets | 1,095,111 | 1,309,023 | 1,365,504 | 1,814,820 | 1,760,988 | 1,483,857 | 1,101,132 | 60,384 |
| total assets | 8,502,783 | 8,980,098 | 9,509,598 | 10,233,397 | 10,580,450 | 10,704,204 | 10,722,364 | 10,053,424 |
| Bank overdraft | 280,797 | 4,167,963 | 98 | |||||
| Bank loan | 401,671 | 344,525 | 302,127 | 291,317 | ||||
| Trade Creditors | 76,867 | 48,067 | 45,923 | 32,792 | 37,876 | 66,926 | 11,406,217 | |
| Group/Directors Accounts | 152,406 | 8,512 | 78,708 | 4,413 | 10,061,721 | |||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 45,327 | 96,929 | 73,229 | 681,411 | 744,097 | 634,480 | 3,372 | |
| total current liabilities | 676,271 | 498,033 | 499,987 | 1,009,933 | 1,062,770 | 4,869,369 | 11,406,217 | 10,065,191 |
| loans | 8,007,747 | 8,909,521 | 9,495,746 | 9,986,954 | 10,470,002 | 6,732,930 | ||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 19,170 | |||||||
| total long term liabilities | 8,026,917 | 8,909,521 | 9,495,746 | 9,986,954 | 10,470,002 | 6,732,930 | ||
| total liabilities | 8,703,188 | 9,407,554 | 9,995,733 | 10,996,887 | 11,532,772 | 11,602,299 | 11,406,217 | 10,065,191 |
| net assets | -200,405 | -427,456 | -486,135 | -763,490 | -952,322 | -898,095 | -683,853 | -11,767 |
| total shareholders funds | -200,405 | -427,456 | -486,135 | -763,490 | -952,322 | -898,095 | -683,853 | -11,767 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 710,057 | 561,876 | 592,193 | 641,149 | 440,764 | 308,234 | -214,358 | |
| Depreciation | 400,885 | 400,885 | 400,884 | 400,885 | 400,885 | 400,885 | 401,202 | 7,885 |
| Amortisation | ||||||||
| Tax | -73,437 | -72,134 | 126,401 | |||||
| Stock | ||||||||
| Debtors | 12,200 | 7,895 | -90,411 | 206,077 | 438,423 | -868,013 | 919,811 | 60,384 |
| Creditors | 28,800 | 2,144 | 13,131 | -5,084 | -29,050 | -11,339,291 | 11,406,217 | |
| Accruals and Deferred Income | -51,602 | 23,700 | -608,182 | -62,686 | 109,617 | 634,480 | -3,372 | 3,372 |
| Deferred Taxes & Provisions | 19,170 | |||||||
| Cash flow from operations | 1,021,673 | 908,576 | 614,838 | 768,187 | 483,793 | -9,127,679 | 10,669,878 | |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 57,146 | 42,398 | 10,810 | 291,317 | ||||
| Group/Directors Accounts | 143,894 | -70,196 | 74,295 | 4,413 | -10,061,721 | 10,061,721 | ||
| Other Short Term Loans | ||||||||
| Long term loans | -901,774 | -586,225 | -491,208 | -483,048 | 3,737,072 | 6,732,930 | ||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -409,570 | -431,063 | -441,241 | -452,320 | -494,991 | -617,215 | -1,084,400 | |
| cash flow from financing | -1,110,303 | -1,045,086 | -847,342 | -639,635 | 3,242,081 | 6,115,715 | -11,146,121 | |
| cash and cash equivalents | ||||||||
| cash | -88,630 | -136,510 | -232,504 | -152,245 | 291,576 | 797,870 | 120,937 | |
| overdraft | -280,797 | -3,887,166 | 4,167,963 | -98 | 98 | |||
| change in cash | -88,630 | -136,510 | -232,504 | 128,552 | 4,178,742 | -3,370,093 | 121,035 | -98 |
verdant community energy c.i.c. Credit Report and Business Information
Verdant Community Energy C.i.c. Competitor Analysis
Perform a competitor analysis for verdant community energy c.i.c. by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in TR16 area or any other competitors across 12 key performance metrics.
verdant community energy c.i.c. Ownership
VERDANT COMMUNITY ENERGY C.I.C. group structure
Verdant Community Energy C.I.C. has no subsidiary companies.
Ultimate parent company
VERDANT COMMUNITY ENERGY C.I.C.
09655760
verdant community energy c.i.c. directors
Verdant Community Energy C.I.C. currently has 2 directors. The longest serving directors include Mr William Burnyeat (Oct 2016) and Mr Thomas Cosgrove (Oct 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Burnyeat | United Kingdom | 46 years | Oct 2016 | - | Director |
| Mr Thomas Cosgrove | United Kingdom | 43 years | Oct 2016 | - | Director |
P&L
June 2023turnover
1.6m
+19%
operating profit
710.1k
+26%
gross margin
98.5%
-0.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-200.4k
-0.53%
total assets
8.5m
-0.05%
cash
600.5k
-0.13%
net assets
Total assets minus all liabilities
Similar Companies
verdant community energy c.i.c. company details
company number
09655760
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
June 2015
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
GRIFFIN
address
redruth house, cornwall business park west, redruth, cornwall, TR16 5EZ
Bank
-
Legal Advisor
-
verdant community energy c.i.c. 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 verdant community energy c.i.c..
verdant community energy c.i.c. 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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verdant community energy c.i.c. Companies House Filings - See Documents
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