cornmill 62 ltd
cornmill 62 ltd Company Information
Company Number
10832968
Next Accounts
Mar 2025
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
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
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
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
2 Strong
2 Regular
6 Weak
Size
annual sales of £405.5k, make it smaller than the average company (£16.8m)
- Cornmill 62 Ltd
£16.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.8%)
- Cornmill 62 Ltd
6.8% - Industry AVG
Production
with a gross margin of 17%, this company has a higher cost of product (24.8%)
- Cornmill 62 Ltd
24.8% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (6.6%)
- Cornmill 62 Ltd
6.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (35)
2 - Cornmill 62 Ltd
35 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)
- Cornmill 62 Ltd
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £202.8k, this is less efficient (£402.8k)
- Cornmill 62 Ltd
£402.8k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is near the average (56 days)
- Cornmill 62 Ltd
56 days - Industry AVG
Creditor Days
its suppliers are paid after 78 days, this is slower than average (27 days)
- Cornmill 62 Ltd
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cornmill 62 Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Cornmill 62 Ltd
- - Industry AVG
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
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 House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| 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 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,043 | 2,043 | 2,043 | 2,043 | 2,043 | |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 2,043 | 2,043 | 2,043 | 2,043 | 2,043 | |
| Stock & work in progress | ||||||
| Trade Debtors | 74,339 | 67,070 | 55,883 | 41,528 | 47,029 | 100 |
| Group Debtors | ||||||
| Misc Debtors | ||||||
| Cash | ||||||
| misc current assets | ||||||
| total current assets | 74,339 | 67,070 | 55,883 | 41,528 | 47,029 | 100 |
| total assets | 76,382 | 69,113 | 57,926 | 43,571 | 49,072 | 100 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 72,059 | 65,253 | 72,629 | 60,908 | 67,949 | |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | ||||||
| total current liabilities | 72,059 | 65,253 | 72,629 | 60,908 | 67,949 | |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | ||||||
| total liabilities | 72,059 | 65,253 | 72,629 | 60,908 | 67,949 | |
| net assets | 4,323 | 3,860 | -14,703 | -17,337 | -18,877 | 100 |
| total shareholders funds | 4,323 | 3,860 | -14,703 | -17,337 | -18,877 | 100 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | 7,269 | 11,187 | 14,355 | -5,501 | 46,929 | 100 |
| Creditors | 6,806 | -7,376 | 11,721 | -7,041 | 67,949 | |
| Accruals and Deferred Income | ||||||
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| 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
Cornmill 62 Ltd Competitor Analysis
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 directors
Cornmill 62 Ltd currently has 2 directors. The longest serving directors include Mrs Sarah Horner (Jun 2017) and Mr Stewart Linn (Jun 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sarah Horner | United Kingdom | 47 years | Jun 2017 | - | Director |
| Mr Stewart Linn | England | 45 years | Jun 2017 | - | Director |
P&L
June 2023turnover
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 2023net assets
4.3k
+0.12%
total assets
76.4k
+0.11%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
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
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.
Click to start generating capital raising & share issue transactions for CORNMILL 62 LTD. This can take several minutes, an email will notify you when this has completed.
cornmill 62 ltd Companies House Filings - See Documents
| date | description | view/download |
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