forest gate (corby) property limited
forest gate (corby) property limited Company Information
Company Number
10726300
Registered Address
whittle road phoenix parkway, corby, NN17 5DX
Industry
Dormant Company
Telephone
-
Next Accounts Due
43 days late
Group Structure
View All
Shareholders
william john ritchie masson 45%
barry parker 22.5%
View Allforest gate (corby) property limited Estimated Valuation
Pomanda estimates the enterprise value of FOREST GATE (CORBY) PROPERTY LIMITED at £0 based on a Turnover of £24.5m and 0x industry multiple (adjusted for size and gross margin).
forest gate (corby) property limited Estimated Valuation
Pomanda estimates the enterprise value of FOREST GATE (CORBY) PROPERTY LIMITED at £0 based on an EBITDA of £408.3k and a 0x industry multiple (adjusted for size and gross margin).
forest gate (corby) property limited Estimated Valuation
Pomanda estimates the enterprise value of FOREST GATE (CORBY) PROPERTY LIMITED at £0 based on Net Assets of £3.1m and 0x industry multiple (adjusted for liquidity).
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Forest Gate (corby) Property Limited Overview
Forest Gate (corby) Property Limited is a live company located in corby, NN17 5DX with a Companies House number of 10726300. It operates in the dormant company sector, SIC Code 99999. Founded in April 2017, it's largest shareholder is william john ritchie masson with a 45% stake. Forest Gate (corby) Property Limited is a young, large sized company, Pomanda has estimated its turnover at £24.5m with low growth in recent years.
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Forest Gate (corby) Property Limited Health Check
Pomanda's financial health check has awarded Forest Gate (Corby) Property Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £24.5m, make it larger than the average company (£4.8m)
£24.5m - Forest Gate (corby) Property Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.7%)
2% - Forest Gate (corby) Property Limited
3.7% - Industry AVG
Production
with a gross margin of 14.8%, this company has a higher cost of product (33.2%)
14.8% - Forest Gate (corby) Property Limited
33.2% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (4.5%)
1.2% - Forest Gate (corby) Property Limited
4.5% - Industry AVG
Employees
with 76 employees, this is above the industry average (51)
76 - Forest Gate (corby) Property Limited
51 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has an equivalent pay structure (£37.7k)
£34.9k - Forest Gate (corby) Property Limited
£37.7k - Industry AVG
Efficiency
resulting in sales per employee of £321.9k, this is more efficient (£160.7k)
£321.9k - Forest Gate (corby) Property Limited
£160.7k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (39 days)
9 days - Forest Gate (corby) Property Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (45 days)
18 days - Forest Gate (corby) Property Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 31 days, this is less than average (48 days)
31 days - Forest Gate (corby) Property Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Forest Gate (corby) Property Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.5%, this is a lower level of debt than the average (72.9%)
45.5% - Forest Gate (corby) Property Limited
72.9% - Industry AVG
FOREST GATE (CORBY) PROPERTY LIMITED financials
Forest Gate (Corby) Property Limited's latest turnover from December 2022 is £24.5 million and the company has net assets of £3.1 million. According to their latest financial statements, Forest Gate (Corby) Property Limited has 76 employees and maintains cash reserves of £17 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 | |
|---|---|---|---|---|---|---|
| Turnover | 24,467,497 | 21,187,978 | 18,998,285 | 23,267,021 | 24,473,074 | 24,266,823 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 20,856,924 | 17,976,254 | 15,697,097 | 19,510,936 | 20,595,852 | 20,583,370 |
| Gross Profit | 3,610,573 | 3,211,724 | 3,301,188 | 3,756,085 | 3,877,222 | 3,683,453 |
| Admin Expenses | 3,319,183 | 2,869,031 | 2,844,474 | 3,194,678 | 3,201,701 | 3,334,299 |
| Operating Profit | 291,390 | 342,693 | 456,714 | 561,407 | 675,521 | 349,154 |
| Interest Payable | 67,474 | 31,634 | 41,539 | 63,913 | 81,425 | 90,722 |
| Interest Receivable | 0 | 0 | 54 | 1,610 | 0 | 0 |
| Pre-Tax Profit | 223,916 | 311,059 | 415,229 | 499,104 | 594,096 | 258,432 |
| Tax | -59,027 | -72,763 | -81,007 | -77,894 | -98,094 | -51,169 |
| Profit After Tax | 164,889 | 238,296 | 334,222 | 421,210 | 496,002 | 207,263 |
| Dividends Paid | 153,696 | 215,272 | 110,000 | 170,000 | 150,000 | 50,000 |
| Retained Profit | 11,193 | 23,024 | 224,222 | 251,210 | 346,002 | 157,263 |
| Employee Costs | 2,651,829 | 2,492,007 | 2,787,288 | 3,011,744 | 2,884,467 | 2,712,820 |
| Number Of Employees | 76 | 82 | 92 | 97 | 97 | 96 |
| EBITDA* | 408,316 | 435,426 | 553,454 | 655,632 | 772,143 | 435,464 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,808,273 | 2,894,897 | 2,913,059 | 2,952,259 | 3,033,283 | 2,659,258 |
| Intangible Assets | 0 | 0 | 3,315 | 6,932 | 10,548 | 14,165 |
| Investments & Other | 1,145,585 | 0 | 0 | 0 | 0 | 372,737 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,953,858 | 2,894,897 | 2,916,374 | 2,959,191 | 3,043,831 | 3,046,160 |
| Stock & work in progress | 1,817,471 | 2,338,970 | 1,752,257 | 1,908,646 | 2,254,412 | 1,756,284 |
| Trade Debtors | 647,157 | 260,286 | 597,666 | 425,061 | 567,655 | 564,980 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 239,162 | 410,992 | 307,056 | 329,033 | 138,120 | 268,208 |
| Cash | 16,997 | 47,787 | 477,033 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,720,787 | 3,058,035 | 3,134,012 | 2,662,740 | 2,960,187 | 2,589,472 |
| total assets | 5,674,645 | 5,952,932 | 6,050,386 | 5,621,931 | 6,004,018 | 5,635,632 |
| Bank overdraft | 191,966 | 0 | 0 | 65,966 | 241,861 | 455,763 |
| Bank loan | 116,200 | 117,163 | 82,254 | 32,255 | 0 | 0 |
| Trade Creditors | 1,077,168 | 1,547,920 | 1,483,664 | 1,752,749 | 2,229,706 | 1,922,171 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 69,952 | 50,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 776,368 | 675,508 | 738,619 | 619,450 | 683,062 | 539,323 |
| total current liabilities | 2,161,702 | 2,340,591 | 2,304,537 | 2,470,420 | 3,224,581 | 2,967,257 |
| loans | 377,720 | 495,887 | 614,624 | 281,960 | 172,446 | 252,430 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 43,553 | 35,977 | 73,772 | 36,320 | 24,970 | 38,325 |
| total long term liabilities | 421,273 | 531,864 | 688,396 | 318,280 | 197,416 | 290,755 |
| total liabilities | 2,582,975 | 2,872,455 | 2,992,933 | 2,788,700 | 3,421,997 | 3,258,012 |
| net assets | 3,091,670 | 3,080,477 | 3,057,453 | 2,833,231 | 2,582,021 | 2,377,620 |
| total shareholders funds | 3,091,670 | 3,080,477 | 3,057,453 | 2,833,231 | 2,582,021 | 2,377,620 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 291,390 | 342,693 | 456,714 | 561,407 | 675,521 | 349,154 |
| Depreciation | 116,926 | 89,418 | 93,123 | 90,608 | 93,005 | 86,310 |
| Amortisation | 0 | 3,315 | 3,617 | 3,617 | 3,617 | 0 |
| Tax | -59,027 | -72,763 | -81,007 | -77,894 | -98,094 | -51,169 |
| Stock | -521,499 | 586,713 | -156,389 | -345,766 | 498,128 | 1,756,284 |
| Debtors | 215,041 | -233,444 | 150,628 | 48,319 | -127,413 | 833,188 |
| Creditors | -470,752 | 64,256 | -269,085 | -476,957 | 307,535 | 1,922,171 |
| Accruals and Deferred Income | 100,860 | -63,111 | 119,169 | -63,612 | 143,739 | 539,323 |
| Deferred Taxes & Provisions | 7,576 | -37,795 | 37,452 | 11,350 | -13,355 | 38,325 |
| Cash flow from operations | 293,431 | -27,256 | 365,744 | 345,966 | 741,253 | 294,642 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | -78,898 | -80,184 |
| Change in Investments | 1,145,585 | 0 | 0 | 0 | -372,737 | 372,737 |
| cash flow from investments | -1,145,585 | 0 | 0 | 0 | 293,839 | -452,921 |
| Financing Activities | ||||||
| Bank loans | -963 | 34,909 | 49,999 | 32,255 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -69,952 | 19,952 | 50,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -118,167 | -118,737 | 332,664 | 109,514 | -79,984 | 252,430 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -67,474 | -31,634 | -41,485 | -62,303 | -81,425 | -90,722 |
| cash flow from financing | -186,604 | -115,462 | 341,178 | 9,514 | -283,058 | 2,432,065 |
| cash and cash equivalents | ||||||
| cash | -30,790 | -429,246 | 477,033 | 0 | 0 | 0 |
| overdraft | 191,966 | 0 | -65,966 | -175,895 | -213,902 | 455,763 |
| change in cash | -222,756 | -429,246 | 542,999 | 175,895 | 213,902 | -455,763 |
forest gate (corby) property limited Credit Report and Business Information
Forest Gate (corby) Property Limited Competitor Analysis
Perform a competitor analysis for forest gate (corby) property limited by selecting its closest rivals, whether from the ACTIVITIES OF EXTRATERRITORIAL ORGANISATIONS AND BODIES sector, other large companies, companies in NN17 area or any other competitors across 12 key performance metrics.
forest gate (corby) property limited Ownership
FOREST GATE (CORBY) PROPERTY LIMITED group structure
Forest Gate (Corby) Property Limited has 1 subsidiary company.
Ultimate parent company
FOREST GATE (CORBY) PROPERTY LIMITED
10726300
1 subsidiary
forest gate (corby) property limited directors
Forest Gate (Corby) Property Limited currently has 3 directors. The longest serving directors include Mr Barry Parker (Sep 2017) and Mr William Masson (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Barry Parker | England | 67 years | Sep 2017 | - | Director |
| Mr William Masson | England | 69 years | Sep 2017 | - | Director |
| Mrs Shirley Parker | United Kingdom | 65 years | Sep 2017 | - | Director |
P&L
December 2022turnover
24.5m
+15%
operating profit
291.4k
-15%
gross margin
14.8%
-2.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.1m
0%
total assets
5.7m
-0.05%
cash
17k
-0.64%
net assets
Total assets minus all liabilities
forest gate (corby) property limited company details
company number
10726300
Type
Private limited with Share Capital
industry
99999 - Dormant Company
incorporation date
April 2017
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
overknow limited (September 2017)
accountant
-
auditor
ARMSTRONG WATSON AUDIT LIMITED
address
whittle road phoenix parkway, corby, NN17 5DX
Bank
-
Legal Advisor
-
forest gate (corby) property 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 forest gate (corby) property limited.
forest gate (corby) property limited Companies House Filings - See Documents
| date | description | view/download |
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