Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
the corinium centre, love lane industrial estate, cirencester, gloucestershire, GL7 1YJ
Pomanda estimates the enterprise value of CORIN GROUP HOLDINGS LIMITED at £499.4m based on a Turnover of £157.1m and 3.18x industry multiple (adjusted for size and gross margin).
corin group holdings limitedEstimated Valuation
£210.6m
Pomanda estimates the enterprise value of CORIN GROUP HOLDINGS LIMITED at £210.6m based on an EBITDA of £15.7m and a 13.41x industry multiple (adjusted for size and gross margin).
corin group holdings limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of CORIN GROUP HOLDINGS LIMITED at £0 based on Net Assets of £-87.6m and 1.27x industry multiple (adjusted for liquidity).
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Corin Group Holdings LimitedOverview
Corin Group Holdings Limited is a live company located in cirencester, GL7 1YJ with a Companies House number of 11357499. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in May 2018, it's largest shareholder is
sixplatform iii limited
with a 87.3% stake. Corin Group Holdings Limited is a young,
mega sized company, Pomanda has estimated its turnover at
£157.1m with
low
growth in recent years.
Pomanda's financial health check has awarded Corin Group Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £157.1m, make it larger than the average company (£18.9m)
£157.1m - Corin Group Holdings Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (10.5%)
1% - Corin Group Holdings Limited
10.5% - Industry AVG
Production
with a gross margin of 64.7%, this company has a lower cost of product (36.4%)
64.7% - Corin Group Holdings Limited
36.4% - Industry AVG
Profitability
an operating margin of -2.1% make it less profitable than the average company (4.5%)
-2.1% - Corin Group Holdings Limited
4.5% - Industry AVG
Employees
with 862 employees, this is above the industry average (104)
862 - Corin Group Holdings Limited
104 - Industry AVG
Pay Structure
on an average salary of £73.4k, the company has a higher pay structure (£44.7k)
£73.4k - Corin Group Holdings Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £182.3k, this is equally as efficient (£190.6k)
£182.3k - Corin Group Holdings Limited
£190.6k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (45 days)
55 days - Corin Group Holdings Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (44 days)
102 days - Corin Group Holdings Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 387 days, this is more than average (40 days)
387 days - Corin Group Holdings Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 13 weeks, this is average cash available to meet short term requirements (14 weeks)
13 weeks - Corin Group Holdings Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 145.4%, this is a higher level of debt than the average (69.7%)
145.4% - Corin Group Holdings Limited
69.7% - Industry AVG
CORIN GROUP HOLDINGS LIMITED financials
EXPORT
Corin Group Holdings Limited's latest turnover from December 2023 is £157.1 million and the company has net assets of -£87.6 million. According to their latest financial statements, Corin Group Holdings Limited has 862 employees and maintains cash reserves of £12.5 million 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
157,132,000
165,494,000
157,510,000
150,417,000
166,139,000
53,441,000
Other Income Or Grants
Cost Of Sales
55,435,000
54,434,000
55,485,000
55,382,000
76,266,000
17,738,000
Gross Profit
101,697,000
111,060,000
102,025,000
95,035,000
89,873,000
35,703,000
Admin Expenses
105,077,000
325,000,000
153,136,000
142,694,000
145,902,000
54,558,000
Operating Profit
-3,380,000
-213,940,000
-51,111,000
-47,659,000
-56,029,000
-18,855,000
Interest Payable
35,791,000
24,434,000
13,919,000
17,016,000
13,383,000
3,352,000
Interest Receivable
4,976,000
3,454,000
2,604,000
838,000
2,883,000
Pre-Tax Profit
-34,195,000
-234,920,000
-62,426,000
-63,837,000
-66,529,000
-24,918,000
Tax
-2,058,000
4,398,000
8,829,000
7,866,000
18,156,000
842,000
Profit After Tax
-36,253,000
-230,522,000
-53,597,000
-55,971,000
-48,373,000
-24,076,000
Dividends Paid
Retained Profit
-36,253,000
-230,522,000
-53,597,000
-55,971,000
-48,373,000
-24,076,000
Employee Costs
63,246,000
63,042,000
59,691,000
52,646,000
46,236,000
17,275,000
Number Of Employees
862
844
823
772
741
626
EBITDA*
15,711,000
6,180,000
566,000
4,519,000
-8,254,000
3,698,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Tangible Assets
20,588,000
24,825,000
28,991,000
33,644,000
36,870,000
26,298,000
Intangible Assets
56,449,000
62,635,000
251,292,000
286,957,000
318,138,000
273,733,000
Investments & Other
13,466,000
20,383,000
17,336,000
9,965,000
8,051,000
Debtors (Due After 1 year)
211,000
1,321,000
2,516,000
4,254,000
7,393,000
Total Fixed Assets
90,714,000
109,164,000
300,135,000
334,820,000
370,452,000
300,031,000
Stock & work in progress
58,847,000
54,942,000
56,494,000
62,535,000
75,786,000
41,448,000
Trade Debtors
24,056,000
27,077,000
25,406,000
25,016,000
33,299,000
26,331,000
Group Debtors
Misc Debtors
6,715,000
17,979,000
12,278,000
8,754,000
7,093,000
6,594,000
Cash
12,463,000
12,199,000
17,756,000
37,530,000
4,367,000
7,306,000
misc current assets
3,781,000
total current assets
102,081,000
112,197,000
111,934,000
133,835,000
120,545,000
85,460,000
total assets
192,795,000
221,361,000
412,069,000
468,655,000
490,997,000
385,491,000
Bank overdraft
10,057,000
11,010,000
8,082,000
15,429,000
167,000
Bank loan
Trade Creditors
15,508,000
15,105,000
9,254,000
8,977,000
15,739,000
12,390,000
Group/Directors Accounts
other short term finances
744,000
964,000
hp & lease commitments
499,000
754,000
740,000
798,000
796,000
873,000
other current liabilities
22,815,000
31,736,000
24,244,000
24,489,000
19,048,000
46,537,000
total current liabilities
48,879,000
58,605,000
42,320,000
50,437,000
36,714,000
59,800,000
loans
217,207,000
173,776,000
143,974,000
122,735,000
128,721,000
114,739,000
hp & lease commitments
625,000
421,000
990,000
1,326,000
1,554,000
1,932,000
Accruals and Deferred Income
1,753,000
other liabilities
provisions
11,941,000
40,757,000
50,933,000
66,686,000
74,056,000
350,000
total long term liabilities
231,526,000
214,954,000
195,897,000
190,747,000
204,331,000
117,021,000
total liabilities
280,405,000
273,559,000
238,217,000
241,184,000
241,045,000
176,821,000
net assets
-87,610,000
-52,198,000
173,852,000
227,471,000
249,952,000
208,670,000
total shareholders funds
-87,610,000
-52,198,000
173,852,000
227,471,000
249,952,000
208,670,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Operating Activities
Operating Profit
-3,380,000
-213,940,000
-51,111,000
-47,659,000
-56,029,000
-18,855,000
Depreciation
8,727,000
10,080,000
11,128,000
12,131,000
12,437,000
4,198,000
Amortisation
10,364,000
210,040,000
40,549,000
40,047,000
35,338,000
18,355,000
Tax
-2,058,000
4,398,000
8,829,000
7,866,000
18,156,000
842,000
Stock
3,905,000
-1,552,000
-6,041,000
-13,251,000
34,338,000
41,448,000
Debtors
-15,395,000
6,177,000
2,176,000
-9,761,000
14,860,000
32,925,000
Creditors
403,000
5,851,000
277,000
-6,762,000
3,349,000
12,390,000
Accruals and Deferred Income
-7,168,000
7,492,000
-245,000
5,441,000
-27,489,000
46,537,000
Deferred Taxes & Provisions
-28,816,000
-10,176,000
-15,753,000
-7,370,000
73,706,000
350,000
Cash flow from operations
-10,438,000
9,120,000
-2,461,000
26,706,000
10,270,000
-10,556,000
Investing Activities
capital expenditure
-330,507,000
Change in Investments
-6,917,000
3,047,000
7,371,000
1,914,000
8,051,000
cash flow from investments
6,917,000
-3,047,000
-7,371,000
-1,914,000
-8,051,000
-330,507,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-744,000
-220,000
964,000
Long term loans
43,431,000
29,802,000
21,239,000
-5,986,000
13,982,000
114,739,000
Hire Purchase and Lease Commitments
-51,000
-555,000
-394,000
-226,000
-455,000
2,805,000
other long term liabilities
share issue
841,000
4,472,000
-22,000
33,490,000
89,655,000
232,746,000
interest
-30,815,000
-20,980,000
-11,315,000
-16,178,000
-10,500,000
-3,352,000
cash flow from financing
13,406,000
12,739,000
8,764,000
10,880,000
93,646,000
346,938,000
cash and cash equivalents
cash
264,000
-5,557,000
-19,774,000
33,163,000
-2,939,000
7,306,000
overdraft
-953,000
2,928,000
-7,347,000
15,262,000
167,000
change in cash
1,217,000
-8,485,000
-12,427,000
17,901,000
-3,106,000
7,306,000
corin group holdings limited 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 corin group holdings limited. Get real-time insights into corin group holdings limited's credit score, group structure and payment trends.
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corin group holdings limited Ownership
CORIN GROUP HOLDINGS LIMITED group structure
Corin Group Holdings Limited has 2 subsidiary companies.
The largest shareholders in Corin Group Holdings Limited include Sixplatform Iii Limited and Stefano Alfonsi.
sixplatform iii limited
87.33%
stefano alfonsi
5.76%
aztec nominees limited
4.36%
spree investments holdings limited
1.89%
victoria mary silvester
0.38%
aztec (trustees no. 1) limited
0.15%
klaus clemens
0.13%
corin group holdings limited directors
Corin Group Holdings Limited currently has 6 directors.
The longest serving directors include
Mrs Silvia Oteri (Jun 2020) and
Mr David Floyd (Jul 2020).
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
PERMIRA VI LP 1
accounts
Group
last accounts submitted
December 2023
previous names
chip topco limited (April 2019)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
the corinium centre, love lane industrial estate, cirencester, gloucestershire, GL7 1YJ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
corin group holdings 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 corin group holdings limited.
corin group holdings limited 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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corin group holdings limitedCompanies House Filings - See Documents
