corrboard bioenergy limited
corrboard bioenergy limited Company Information
Company Number
10154074
Website
www.corrboarduk.comRegistered Address
lifford halll lifford lane, kings norton, birmingham, B30 3JN
Industry
Other manufacturing n.e.c.
Telephone
441724781668
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
leavale investments limited 75%
mclaren packaging ltd 25%
corrboard bioenergy limited Estimated Valuation
Pomanda estimates the enterprise value of CORRBOARD BIOENERGY LIMITED at £1.4m based on a Turnover of £2.3m and 0.6x industry multiple (adjusted for size and gross margin).
corrboard bioenergy limited Estimated Valuation
Pomanda estimates the enterprise value of CORRBOARD BIOENERGY LIMITED at £0 based on an EBITDA of £-652.6k and a 3.89x industry multiple (adjusted for size and gross margin).
corrboard bioenergy limited Estimated Valuation
Pomanda estimates the enterprise value of CORRBOARD BIOENERGY LIMITED at £0 based on Net Assets of £-3.5m and 2.05x industry multiple (adjusted for liquidity).
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Corrboard Bioenergy Limited Overview
Corrboard Bioenergy Limited is a live company located in birmingham, B30 3JN with a Companies House number of 10154074. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in April 2016, it's largest shareholder is leavale investments limited with a 75% stake. Corrboard Bioenergy Limited is a young, small sized company, Pomanda has estimated its turnover at £2.3m with healthy growth in recent years.
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Corrboard Bioenergy Limited Health Check
Pomanda's financial health check has awarded Corrboard Bioenergy Limited a 3 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
3 Strong
2 Regular
6 Weak
Size
annual sales of £2.3m, make it smaller than the average company (£13.5m)
- Corrboard Bioenergy Limited
£13.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (2.4%)
- Corrboard Bioenergy Limited
2.4% - Industry AVG
Production
with a gross margin of 19.8%, this company has a higher cost of product (29.5%)
- Corrboard Bioenergy Limited
29.5% - Industry AVG
Profitability
an operating margin of -40.8% make it less profitable than the average company (6.1%)
- Corrboard Bioenergy Limited
6.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (72)
2 - Corrboard Bioenergy Limited
72 - Industry AVG
Pay Structure
on an average salary of £40.1k, the company has an equivalent pay structure (£40.1k)
- Corrboard Bioenergy Limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£176k)
- Corrboard Bioenergy Limited
£176k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (56 days)
- Corrboard Bioenergy Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 269 days, this is slower than average (42 days)
- Corrboard Bioenergy Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Corrboard Bioenergy Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (12 weeks)
3 weeks - Corrboard Bioenergy Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 162.6%, this is a higher level of debt than the average (50.1%)
162.6% - Corrboard Bioenergy Limited
50.1% - Industry AVG
CORRBOARD BIOENERGY LIMITED financials
Corrboard Bioenergy Limited's latest turnover from December 2022 is estimated at £2.3 million and the company has net assets of -£3.5 million. According to their latest financial statements, Corrboard Bioenergy Limited has 2 employees and maintains cash reserves of £82.1 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 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 2 | 2 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,048,890 | 5,350,395 | 5,568,862 | 5,711,183 | 2,647,620 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,048,890 | 5,350,395 | 5,568,862 | 5,711,183 | 2,647,620 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 408,585 | 382,416 | 644,969 | 207,933 | 109,968 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 82,134 | 141,734 | 8,346 | 10,334 | 108,336 | 1 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 490,719 | 524,150 | 653,315 | 218,267 | 218,304 | 1 | 0 |
| total assets | 5,539,609 | 5,874,545 | 6,222,177 | 5,929,450 | 2,865,924 | 1 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,384,628 | 1,406,962 | 1,660,733 | 1,178,997 | 788,511 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,384,628 | 1,406,962 | 1,660,733 | 1,178,997 | 788,511 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 2,077,313 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 7,623,836 | 6,986,263 | 6,195,430 | 5,268,781 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,623,836 | 6,986,263 | 6,195,430 | 5,268,781 | 2,077,313 | 0 | 0 |
| total liabilities | 9,008,464 | 8,393,225 | 7,856,163 | 6,447,778 | 2,865,824 | 0 | 0 |
| net assets | -3,468,855 | -2,518,680 | -1,633,986 | -518,328 | 100 | 1 | 0 |
| total shareholders funds | -3,468,855 | -2,518,680 | -1,633,986 | -518,328 | 100 | 1 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 301,505 | 301,504 | 297,353 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 26,169 | -262,553 | 437,036 | 97,965 | 109,968 | 0 | 0 |
| Creditors | -22,334 | -253,771 | 481,736 | 390,486 | 788,511 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -2,077,313 | 2,077,313 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 637,573 | 790,833 | 926,649 | 5,268,781 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -59,600 | 133,388 | -1,988 | -98,002 | 108,335 | 1 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -59,600 | 133,388 | -1,988 | -98,002 | 108,335 | 1 | 0 |
corrboard bioenergy limited Credit Report and Business Information
Corrboard Bioenergy Limited Competitor Analysis
Perform a competitor analysis for corrboard bioenergy limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
corrboard bioenergy limited Ownership
CORRBOARD BIOENERGY LIMITED group structure
Corrboard Bioenergy Limited has no subsidiary companies.
Ultimate parent company
CORRBOARD BIOENERGY LIMITED
10154074
corrboard bioenergy limited directors
Corrboard Bioenergy Limited currently has 2 directors. The longest serving directors include Mr Nicholas Kirby (May 2016) and Mr Donald McLaren (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Kirby | England | 61 years | May 2016 | - | Director |
| Mr Donald McLaren | England | 45 years | Feb 2018 | - | Director |
P&L
December 2022turnover
2.3m
+1%
operating profit
-954.1k
0%
gross margin
19.8%
+1.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-3.5m
+0.38%
total assets
5.5m
-0.06%
cash
82.1k
-0.42%
net assets
Total assets minus all liabilities
corrboard bioenergy limited company details
company number
10154074
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
April 2016
age
8
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
lifford halll lifford lane, kings norton, birmingham, B30 3JN
last accounts submitted
December 2022
corrboard bioenergy 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 corrboard bioenergy limited.
corrboard bioenergy limited Companies House Filings - See Documents
| date | description | view/download |
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