cornovii developments limited
cornovii developments limited Company Information
Company Number
12088975
Website
cornoviihomes.co.ukRegistered Address
mount mckinley, shrewsbury business park, shrewsbury, SY2 6FG
Industry
Development of building projects
Telephone
01743365211
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
shropshire council 100%
cornovii developments limited Estimated Valuation
Pomanda estimates the enterprise value of CORNOVII DEVELOPMENTS LIMITED at £943.6k based on a Turnover of £1.7m and 0.54x industry multiple (adjusted for size and gross margin).
cornovii developments limited Estimated Valuation
Pomanda estimates the enterprise value of CORNOVII DEVELOPMENTS LIMITED at £2m based on an EBITDA of £487.4k and a 4.14x industry multiple (adjusted for size and gross margin).
cornovii developments limited Estimated Valuation
Pomanda estimates the enterprise value of CORNOVII DEVELOPMENTS LIMITED at £0 based on Net Assets of £-298k and 1.55x industry multiple (adjusted for liquidity).
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Cornovii Developments Limited Overview
Cornovii Developments Limited is a live company located in shrewsbury, SY2 6FG with a Companies House number of 12088975. It operates in the development of building projects sector, SIC Code 41100. Founded in July 2019, it's largest shareholder is shropshire council with a 100% stake. Cornovii Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.
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Cornovii Developments Limited Health Check
Pomanda's financial health check has awarded Cornovii Developments Limited 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 £1.7m, make it in line with the average company (£2.1m)
- Cornovii Developments Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (2.1%)
- Cornovii Developments Limited
2.1% - Industry AVG
Production
with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)
- Cornovii Developments Limited
25.9% - Industry AVG
Profitability
an operating margin of 27.9% make it more profitable than the average company (8.7%)
- Cornovii Developments Limited
8.7% - Industry AVG
Employees
with 7 employees, this is similar to the industry average (6)
- Cornovii Developments Limited
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Cornovii Developments Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £247.5k, this is equally as efficient (£275.7k)
- Cornovii Developments Limited
£275.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (29 days)
- Cornovii Developments Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (31 days)
- Cornovii Developments Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 2002 days, this is more than average (181 days)
- Cornovii Developments Limited
181 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (13 weeks)
24 weeks - Cornovii Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.2%, this is a higher level of debt than the average (74.6%)
102.2% - Cornovii Developments Limited
74.6% - Industry AVG
CORNOVII DEVELOPMENTS LIMITED financials
Cornovii Developments Limited's latest turnover from March 2023 is estimated at £1.7 million and the company has net assets of -£298 thousand. According to their latest financial statements, we estimate that Cornovii Developments Limited has 7 employees and maintains cash reserves of £6.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| 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 | 0 | 0 | ||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Tangible Assets | 6,078 | 5,700 | 5,205 | 2,798 |
| Intangible Assets | 16,917 | 19,032 | 21,147 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 22,995 | 24,732 | 26,352 | 2,798 |
| Stock & work in progress | 7,045,656 | 4,622,571 | 1,214,967 | 155,449 |
| Trade Debtors | 263 | 1,590 | 0 | 0 |
| Group Debtors | 0 | 0 | 1,230 | 0 |
| Misc Debtors | 98,134 | 77,481 | 43,532 | 5,109 |
| Cash | 6,423,305 | 3,227,686 | 2,910,840 | 993,060 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 13,567,358 | 7,929,328 | 4,170,569 | 1,153,618 |
| total assets | 13,590,353 | 7,954,060 | 4,196,921 | 1,156,416 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 31,518 | 621,182 | 236,529 | 363,337 |
| Group/Directors Accounts | 166,515 | 587,556 | 370,614 | 0 |
| other short term finances | 13,250,000 | 5,894,029 | 1,016,989 | 39,228 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 440,290 | 605,164 | 5,500 | 11,132 |
| total current liabilities | 13,888,323 | 7,707,931 | 1,629,632 | 413,697 |
| loans | 0 | 238,486 | 3,132,515 | 960,772 |
| 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 | 238,486 | 3,132,515 | 960,772 |
| total liabilities | 13,888,323 | 7,946,417 | 4,762,147 | 1,374,469 |
| net assets | -297,970 | 7,643 | -565,226 | -218,053 |
| total shareholders funds | -297,970 | 7,643 | -565,226 | -218,053 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 2,602 | 1,926 | 290 | 0 |
| Amortisation | 2,115 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 2,423,085 | 3,407,604 | 1,059,518 | 155,449 |
| Debtors | 19,326 | 34,309 | 39,653 | 5,109 |
| Creditors | -589,664 | 384,653 | -126,808 | 363,337 |
| Accruals and Deferred Income | -164,874 | 599,664 | -5,632 | 11,132 |
| 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 | -421,041 | 216,942 | 370,614 | 0 |
| Other Short Term Loans | 7,355,971 | 4,877,040 | 977,761 | 39,228 |
| Long term loans | -238,486 | -2,894,029 | 2,171,743 | 960,772 |
| 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 | 3,195,619 | 316,846 | 1,917,780 | 993,060 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 3,195,619 | 316,846 | 1,917,780 | 993,060 |
cornovii developments limited Credit Report and Business Information
Cornovii Developments Limited Competitor Analysis
Perform a competitor analysis for cornovii developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in SY2 area or any other competitors across 12 key performance metrics.
cornovii developments limited Ownership
CORNOVII DEVELOPMENTS LIMITED group structure
Cornovii Developments Limited has no subsidiary companies.
Ultimate parent company
SHROPSHIRE COUNCIL
#0022989
1 parent
CORNOVII DEVELOPMENTS LIMITED
12088975
cornovii developments limited directors
Cornovii Developments Limited currently has 7 directors. The longest serving directors include Mr Harpreet Rayet (Feb 2020) and Mr Richard Cambray (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Harpreet Rayet | United Kingdom | 41 years | Feb 2020 | - | Director |
| Mr Richard Cambray | United Kingdom | 57 years | Jul 2020 | - | Director |
| Mr Timothy Pritchard | United Kingdom | 60 years | Jul 2020 | - | Director |
| Mr Chris Poulton | England | 64 years | Jul 2020 | - | Director |
| Mr Richard Cambray | United Kingdom | 57 years | Jul 2020 | - | Director |
| Mr Derek Humphreys | England | 66 years | Jul 2020 | - | Director |
| Mr Ian Churms | England | 57 years | Aug 2023 | - | Director |
P&L
March 2023turnover
1.7m
-47%
operating profit
482.7k
0%
gross margin
25.9%
+9.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-298k
-39.99%
total assets
13.6m
+0.71%
cash
6.4m
+0.99%
net assets
Total assets minus all liabilities
Similar Companies
cornovii developments limited company details
company number
12088975
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
July 2019
age
5
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
AZETS AUDIT SERVICES
auditor
-
address
mount mckinley, shrewsbury business park, shrewsbury, SY2 6FG
Bank
-
Legal Advisor
-
cornovii developments 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 found 3 charges/mortgages relating to cornovii developments limited. Currently there are 3 open charges and 0 have been satisfied in the past.
cornovii developments limited Companies House Filings - See Documents
| date | description | view/download |
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