cornish spiritsmith ltd
cornish spiritsmith ltd Company Information
Company Number
11113599
Next Accounts
Sep 2025
Industry
Distilling, rectifying and blending of spirits
Shareholders
william martin
andrew walton
View AllGroup Structure
View All
Contact
Registered Address
the marine store the quay, east looe, looe, PL13 1DX
Website
-cornish spiritsmith ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNISH SPIRITSMITH LTD at £178.5k based on a Turnover of £320.1k and 0.56x industry multiple (adjusted for size and gross margin).
cornish spiritsmith ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNISH SPIRITSMITH LTD at £0 based on an EBITDA of £-15k and a 3.53x industry multiple (adjusted for size and gross margin).
cornish spiritsmith ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNISH SPIRITSMITH LTD at £8.1k based on Net Assets of £4.7k and 1.71x industry multiple (adjusted for liquidity).
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Cornish Spiritsmith Ltd Overview
Cornish Spiritsmith Ltd is a live company located in looe, PL13 1DX with a Companies House number of 11113599. It operates in the distilling, rectifying and blending of spirits sector, SIC Code 11010. Founded in December 2017, it's largest shareholder is william martin with a 50% stake. Cornish Spiritsmith Ltd is a young, micro sized company, Pomanda has estimated its turnover at £320.1k with high growth in recent years.
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Cornish Spiritsmith Ltd Health Check
Pomanda's financial health check has awarded Cornish Spiritsmith Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £320.1k, make it smaller than the average company (£23.2m)
- Cornish Spiritsmith Ltd
£23.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (14.2%)
- Cornish Spiritsmith Ltd
14.2% - Industry AVG
Production
with a gross margin of 24.4%, this company has a higher cost of product (38.7%)
- Cornish Spiritsmith Ltd
38.7% - Industry AVG
Profitability
an operating margin of -4.7% make it less profitable than the average company (9%)
- Cornish Spiritsmith Ltd
9% - Industry AVG
Employees
with 2 employees, this is below the industry average (75)
2 - Cornish Spiritsmith Ltd
75 - Industry AVG
Pay Structure
on an average salary of £50.8k, the company has an equivalent pay structure (£50.8k)
- Cornish Spiritsmith Ltd
£50.8k - Industry AVG
Efficiency
resulting in sales per employee of £160.1k, this is less efficient (£303.2k)
- Cornish Spiritsmith Ltd
£303.2k - Industry AVG
Debtor Days
it gets paid by customers after 103 days, this is later than average (40 days)
- Cornish Spiritsmith Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is quicker than average (63 days)
- Cornish Spiritsmith Ltd
63 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cornish Spiritsmith Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Cornish Spiritsmith Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.1%, this is a higher level of debt than the average (47.9%)
97.1% - Cornish Spiritsmith Ltd
47.9% - Industry AVG
CORNISH SPIRITSMITH LTD financials
Cornish Spiritsmith Ltd's latest turnover from December 2023 is estimated at £320.1 thousand and the company has net assets of £4.7 thousand. According to their latest financial statements, Cornish Spiritsmith Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 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 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 69,984 | 72,557 | 78,712 | 80,427 | 73,824 | 38,434 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 69,984 | 72,557 | 78,712 | 80,427 | 73,824 | 38,434 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 90,729 | 112,623 | 130,500 | 64,563 | 23,806 | 37,100 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 90,729 | 112,623 | 130,500 | 64,563 | 23,806 | 37,100 |
| total assets | 160,713 | 185,180 | 209,212 | 144,990 | 97,630 | 75,534 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 34,978 | 27,801 | 31,206 | 17,755 | 12,312 | 693 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 34,978 | 27,801 | 31,206 | 17,755 | 12,312 | 693 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 121,000 | 137,600 | 149,200 | 119,258 | 115,201 | 74,332 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 121,000 | 137,600 | 149,200 | 119,258 | 115,201 | 74,332 |
| total liabilities | 155,978 | 165,401 | 180,406 | 137,013 | 127,513 | 75,025 |
| net assets | 4,735 | 19,779 | 28,806 | 7,977 | -29,883 | 509 |
| total shareholders funds | 4,735 | 19,779 | 28,806 | 7,977 | -29,883 | 509 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -21,894 | -17,877 | 65,937 | 40,757 | -13,294 | 37,100 |
| Creditors | 7,177 | -3,405 | 13,451 | 5,443 | 11,619 | 693 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -16,600 | -11,600 | 29,942 | 4,057 | 40,869 | 74,332 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
cornish spiritsmith ltd Credit Report and Business Information
Cornish Spiritsmith Ltd Competitor Analysis
Perform a competitor analysis for cornish spiritsmith ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in PL13 area or any other competitors across 12 key performance metrics.
cornish spiritsmith ltd Ownership
CORNISH SPIRITSMITH LTD group structure
Cornish Spiritsmith Ltd has no subsidiary companies.
Ultimate parent company
CORNISH SPIRITSMITH LTD
11113599
cornish spiritsmith ltd directors
Cornish Spiritsmith Ltd currently has 3 directors. The longest serving directors include Mr Marcus Aldred (Dec 2024) and Mrs Julie Aldred (Dec 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marcus Aldred | United Kingdom | 63 years | Dec 2024 | - | Director |
| Mrs Julie Aldred | United Kingdom | 53 years | Dec 2024 | - | Director |
| Mr Andrew Walton | United Kingdom | 57 years | Dec 2024 | - | Director |
P&L
December 2023turnover
320.1k
-15%
operating profit
-15k
0%
gross margin
24.4%
+3.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.7k
-0.76%
total assets
160.7k
-0.13%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
cornish spiritsmith ltd company details
company number
11113599
Type
Private limited with Share Capital
industry
11010 - Distilling, rectifying and blending of spirits
incorporation date
December 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
the marine store the quay, east looe, looe, PL13 1DX
Bank
-
Legal Advisor
-
cornish spiritsmith 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 spiritsmith ltd.
cornish spiritsmith 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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cornish spiritsmith ltd Companies House Filings - See Documents
| date | description | view/download |
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