cornish pub company ltd
cornish pub company ltd Company Information
Company Number
10859346
Website
-Registered Address
c/o ideal corporate solutions lt, lancaster house, bolton, BL1 4QZ
Industry
Hotels and similar accommodation
Telephone
-
Next Accounts Due
540 days late
Group Structure
View All
Directors
David Barnard7 Years
Shareholders
david barnard 100%
cornish pub company ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNISH PUB COMPANY LTD at £547.3k based on a Turnover of £570k and 0.96x industry multiple (adjusted for size and gross margin).
cornish pub company ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNISH PUB COMPANY LTD at £1.6m based on an EBITDA of £393.6k and a 3.97x industry multiple (adjusted for size and gross margin).
cornish pub company ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNISH PUB COMPANY LTD at £0 based on Net Assets of £-175.1k and 1.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cornish Pub Company Ltd Overview
Cornish Pub Company Ltd is a live company located in bolton, BL1 4QZ with a Companies House number of 10859346. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in July 2017, it's largest shareholder is david barnard with a 100% stake. Cornish Pub Company Ltd is a young, small sized company, Pomanda has estimated its turnover at £570k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Cornish Pub Company Ltd Health Check
Pomanda's financial health check has awarded Cornish Pub Company Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £570k, make it smaller than the average company (£1.8m)
- Cornish Pub Company Ltd
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a similar rate (-26.1%)
- Cornish Pub Company Ltd
-26.1% - Industry AVG
Production
with a gross margin of 44.7%, this company has a comparable cost of product (44.7%)
- Cornish Pub Company Ltd
44.7% - Industry AVG
Profitability
an operating margin of 64.7% make it more profitable than the average company (-30.5%)
- Cornish Pub Company Ltd
-30.5% - Industry AVG
Employees
with 20 employees, this is below the industry average (71)
20 - Cornish Pub Company Ltd
71 - Industry AVG
Pay Structure
on an average salary of £18.4k, the company has an equivalent pay structure (£18.4k)
- Cornish Pub Company Ltd
£18.4k - Industry AVG
Efficiency
resulting in sales per employee of £28.5k, this is equally as efficient (£27k)
- Cornish Pub Company Ltd
£27k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Cornish Pub Company Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 258 days, this is slower than average (50 days)
- Cornish Pub Company Ltd
50 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is more than average (11 days)
- Cornish Pub Company Ltd
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is more cash available to meet short term requirements (4 weeks)
10 weeks - Cornish Pub Company Ltd
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.1%, this is a higher level of debt than the average (76.3%)
114.1% - Cornish Pub Company Ltd
76.3% - Industry AVG
CORNISH PUB COMPANY LTD financials
Cornish Pub Company Ltd's latest turnover from July 2021 is estimated at £570 thousand and the company has net assets of -£175.1 thousand. According to their latest financial statements, Cornish Pub Company Ltd has 20 employees and maintains cash reserves of £279.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2021 | Jul 2020 | Jul 2019 | Jul 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 | 20 | 20 | 30 | 25 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|
| Tangible Assets | 228,469 | 218,808 | 128,853 | 60,388 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 228,469 | 218,808 | 128,853 | 60,388 |
| Stock & work in progress | 25,000 | 25,000 | 25,000 | 25,000 |
| Trade Debtors | 0 | 0 | 0 | 49,872 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 713,067 | 713,067 | 733,067 | 156,470 |
| Cash | 279,328 | 201,889 | 33,473 | 39,333 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 1,017,395 | 939,956 | 791,540 | 270,675 |
| total assets | 1,245,864 | 1,158,764 | 920,393 | 331,063 |
| Bank overdraft | 50,000 | 50,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 223,701 | 140,493 | 240,878 | 145,707 |
| Group/Directors Accounts | 265,431 | 250,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 881,834 | 1,189,629 | 863,279 | 329,523 |
| total current liabilities | 1,420,966 | 1,630,122 | 1,104,157 | 475,230 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 1,420,966 | 1,630,122 | 1,104,157 | 475,230 |
| net assets | -175,102 | -471,358 | -183,764 | -144,167 |
| total shareholders funds | -175,102 | -471,358 | -183,764 | -144,167 |
| Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 25,016 | 9,930 | 9,930 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 25,000 |
| Debtors | 0 | -20,000 | 526,725 | 206,342 |
| Creditors | 83,208 | -100,385 | 95,171 | 145,707 |
| Accruals and Deferred Income | -307,795 | 326,350 | 533,756 | 329,523 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 15,431 | 250,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 77,439 | 168,416 | -5,860 | 39,333 |
| overdraft | 0 | 50,000 | 0 | 0 |
| change in cash | 77,439 | 118,416 | -5,860 | 39,333 |
cornish pub company ltd Credit Report and Business Information
Cornish Pub Company Ltd Competitor Analysis
Perform a competitor analysis for cornish pub company ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in BL1 area or any other competitors across 12 key performance metrics.
cornish pub company ltd Ownership
CORNISH PUB COMPANY LTD group structure
Cornish Pub Company Ltd has no subsidiary companies.
Ultimate parent company
CORNISH PUB COMPANY LTD
10859346
cornish pub company ltd directors
Cornish Pub Company Ltd currently has 1 director, Mr David Barnard serving since Jul 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Barnard | United Kingdom | 69 years | Jul 2017 | - | Director |
P&L
July 2021turnover
570k
-43%
operating profit
368.6k
0%
gross margin
44.7%
-24.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2021net assets
-175.1k
-0.63%
total assets
1.2m
+0.08%
cash
279.3k
+0.38%
net assets
Total assets minus all liabilities
cornish pub company ltd company details
company number
10859346
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
July 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2021
previous names
N/A
accountant
-
auditor
-
address
c/o ideal corporate solutions lt, lancaster house, bolton, BL1 4QZ
Bank
-
Legal Advisor
-
cornish pub company 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 cornish pub company ltd.
cornish pub company ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
