cornmill 62 ltd

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cornmill 62 ltd Company Information

Share CORNMILL 62 LTD

Company Number

10832968

Shareholders

sarah elizabeth horner

stewart john linn

Group Structure

View All

Industry

Wholesale of other intermediate products

 

Registered Address

16 bond street, wakefield, west yorkshire, WF1 2QP

Website

-

cornmill 62 ltd Estimated Valuation

£109.7k

Pomanda estimates the enterprise value of CORNMILL 62 LTD at £109.7k based on a Turnover of £405.5k and 0.27x industry multiple (adjusted for size and gross margin).

cornmill 62 ltd Estimated Valuation

£1.6k

Pomanda estimates the enterprise value of CORNMILL 62 LTD at £1.6k based on an EBITDA of £617 and a 2.61x industry multiple (adjusted for size and gross margin).

cornmill 62 ltd Estimated Valuation

£9.1k

Pomanda estimates the enterprise value of CORNMILL 62 LTD at £9.1k based on Net Assets of £4.3k and 2.11x industry multiple (adjusted for liquidity).

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Cornmill 62 Ltd Overview

Cornmill 62 Ltd is a live company located in west yorkshire, WF1 2QP with a Companies House number of 10832968. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in June 2017, it's largest shareholder is sarah elizabeth horner with a 50% stake. Cornmill 62 Ltd is a young, micro sized company, Pomanda has estimated its turnover at £405.5k with healthy growth in recent years.

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Cornmill 62 Ltd Health Check

Pomanda's financial health check has awarded Cornmill 62 Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £405.5k, make it smaller than the average company (£16.8m)

£405.5k - Cornmill 62 Ltd

£16.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.8%)

11% - Cornmill 62 Ltd

6.8% - Industry AVG

production

Production

with a gross margin of 17%, this company has a higher cost of product (24.8%)

17% - Cornmill 62 Ltd

24.8% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (6.6%)

0.2% - Cornmill 62 Ltd

6.6% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (35)

2 - Cornmill 62 Ltd

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)

£44.5k - Cornmill 62 Ltd

£44.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £202.8k, this is less efficient (£402.8k)

£202.8k - Cornmill 62 Ltd

£402.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is near the average (56 days)

66 days - Cornmill 62 Ltd

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 78 days, this is slower than average (27 days)

78 days - Cornmill 62 Ltd

27 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cornmill 62 Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Cornmill 62 Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 94.3%, this is a higher level of debt than the average (46.7%)

94.3% - Cornmill 62 Ltd

46.7% - Industry AVG

CORNMILL 62 LTD financials

EXPORTms excel logo

Cornmill 62 Ltd's latest turnover from June 2023 is estimated at £405.5 thousand and the company has net assets of £4.3 thousand. According to their latest financial statements, Cornmill 62 Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018
Turnover405,527376,220351,245297,457306,327437
Other Income Or Grants
Cost Of Sales336,475311,560291,271248,553258,042362
Gross Profit69,05364,66059,97448,90548,28575
Admin Expenses68,43641,74356,72247,00467,262-48
Operating Profit61722,9173,2521,901-18,977123
Interest Payable
Interest Receivable
Pre-Tax Profit61722,9173,2521,901-18,977123
Tax-154-4,354-618-361-23
Profit After Tax46318,5632,6341,540-18,977100
Dividends Paid
Retained Profit46318,5632,6341,540-18,977100
Employee Costs88,98487,27383,48783,52681,31639,846
Number Of Employees222221
EBITDA*61722,9173,2521,901-18,977123

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018
Tangible Assets2,0432,0432,0432,0432,043
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets2,0432,0432,0432,0432,043
Stock & work in progress
Trade Debtors74,33967,07055,88341,52847,029100
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets74,33967,07055,88341,52847,029100
total assets76,38269,11357,92643,57149,072100
Bank overdraft
Bank loan
Trade Creditors 72,05965,25372,62960,90867,949
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities72,05965,25372,62960,90867,949
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities72,05965,25372,62960,90867,949
net assets4,3233,860-14,703-17,337-18,877100
total shareholders funds4,3233,860-14,703-17,337-18,877100
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018
Operating Activities
Operating Profit61722,9173,2521,901-18,977123
Depreciation
Amortisation
Tax-154-4,354-618-361-23
Stock
Debtors7,26911,18714,355-5,50146,929100
Creditors6,806-7,37611,721-7,04167,949
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations2,043
Investing Activities
capital expenditure-2,043
Change in Investments
cash flow from investments-2,043
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash

cornmill 62 ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for cornmill 62 ltd. Get real-time insights into cornmill 62 ltd's credit score, group structure and payment trends.

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Cornmill 62 Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for cornmill 62 ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in WF1 area or any other competitors across 12 key performance metrics.

cornmill 62 ltd Ownership

CORNMILL 62 LTD group structure

Cornmill 62 Ltd has no subsidiary companies.

Ultimate parent company

CORNMILL 62 LTD

10832968

CORNMILL 62 LTD Shareholders

sarah elizabeth horner 50%
stewart john linn 50%

cornmill 62 ltd directors

Cornmill 62 Ltd currently has 2 directors. The longest serving directors include Mrs Sarah Horner (Jun 2017) and Mr Stewart Linn (Jun 2017).

officercountryagestartendrole
Mrs Sarah HornerUnited Kingdom47 years Jun 2017- Director
Mr Stewart LinnEngland45 years Jun 2017- Director

P&L

June 2023

turnover

405.5k

+8%

operating profit

617.3

0%

gross margin

17.1%

-0.93%

turnover

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

Balance Sheet

June 2023

net assets

4.3k

+0.12%

total assets

76.4k

+0.11%

cash

0

0%

net assets

Total assets minus all liabilities

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cornmill 62 ltd company details

company number

10832968

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

incorporation date

June 2017

age

8

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

June 2023

previous names

N/A

accountant

-

auditor

-

address

16 bond street, wakefield, west yorkshire, WF1 2QP

Bank

-

Legal Advisor

-

cornmill 62 ltd 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 cornmill 62 ltd.

cornmill 62 ltd 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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cornmill 62 ltd Companies House Filings - See Documents

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