corniche acquisition co. ltd.
corniche acquisition co. ltd. Company Information
Company Number
12142353
Website
dtons.comRegistered Address
one fleet place, london, EC4M 7WS
Industry
Activities of financial services holding companies
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
accelerant distribution holdings limited 100%
corniche acquisition co. ltd. Estimated Valuation
Pomanda estimates the enterprise value of CORNICHE ACQUISITION CO. LTD. at £644.2k based on a Turnover of £626.4k and 1.03x industry multiple (adjusted for size and gross margin).
corniche acquisition co. ltd. Estimated Valuation
Pomanda estimates the enterprise value of CORNICHE ACQUISITION CO. LTD. at £2.9m based on an EBITDA of £805.5k and a 3.59x industry multiple (adjusted for size and gross margin).
corniche acquisition co. ltd. Estimated Valuation
Pomanda estimates the enterprise value of CORNICHE ACQUISITION CO. LTD. at £10.5m based on Net Assets of £5.8m and 1.81x industry multiple (adjusted for liquidity).
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Corniche Acquisition Co. Ltd. Overview
Corniche Acquisition Co. Ltd. is a live company located in london, EC4M 7WS with a Companies House number of 12142353. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in August 2019, it's largest shareholder is accelerant distribution holdings limited with a 100% stake. Corniche Acquisition Co. Ltd. is a young, small sized company, Pomanda has estimated its turnover at £626.4k with unknown growth in recent years.
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Corniche Acquisition Co. Ltd. Health Check
Pomanda's financial health check has awarded Corniche Acquisition Co. Ltd. a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
2 Weak
Size
annual sales of £626.4k, make it smaller than the average company (£12.2m)
£626.4k - Corniche Acquisition Co. Ltd.
£12.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Corniche Acquisition Co. Ltd.
- - Industry AVG
Production
with a gross margin of 79.3%, this company has a comparable cost of product (79.3%)
79.3% - Corniche Acquisition Co. Ltd.
79.3% - Industry AVG
Profitability
an operating margin of 128.6% make it more profitable than the average company (10.4%)
128.6% - Corniche Acquisition Co. Ltd.
10.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (66)
- Corniche Acquisition Co. Ltd.
66 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Corniche Acquisition Co. Ltd.
- - Industry AVG
Efficiency
resulting in sales per employee of £208.8k, this is equally as efficient (£222.8k)
- Corniche Acquisition Co. Ltd.
£222.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Corniche Acquisition Co. Ltd.
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Corniche Acquisition Co. Ltd.
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Corniche Acquisition Co. Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Corniche Acquisition Co. Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.3%, this is a lower level of debt than the average (54%)
0.3% - Corniche Acquisition Co. Ltd.
54% - Industry AVG
CORNICHE ACQUISITION CO. LTD. financials
Corniche Acquisition Co. Ltd.'s latest turnover from December 2023 is £626.4 thousand and the company has net assets of £5.8 million. According to their latest financial statements, we estimate that Corniche Acquisition Co. Ltd. has 3 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 | |
|---|---|---|---|---|---|
| Turnover | 626,443 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | |||
| Cost Of Sales | 0 | 0 | |||
| Gross Profit | 0 | 0 | |||
| Admin Expenses | 0 | 0 | |||
| Operating Profit | 0 | 0 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 604,158 | -20,913 | -9,731 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 604,158 | -20,913 | -9,731 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 604,158 | -20,913 | -9,731 | 0 | 0 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||
| EBITDA* | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 5,787,472 | 5,787,472 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,787,472 | 5,787,472 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 46,768 | 0 | 0 | 1 | 1 |
| Misc Debtors | 400 | 400 | 400 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 47,168 | 400 | 400 | 1 | 1 |
| total assets | 5,834,640 | 5,787,872 | 400 | 1 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 600 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 10,847 | 1,582 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 20,096 | 19,596 | 8,548 | 0 | 0 |
| total current liabilities | 20,096 | 31,043 | 10,130 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 20,096 | 31,043 | 10,130 | 0 | 0 |
| net assets | 5,814,544 | 5,756,829 | -9,730 | 1 | 1 |
| total shareholders funds | 5,814,544 | 5,756,829 | -9,730 | 1 | 1 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 0 | 0 | |||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 46,768 | 0 | 399 | 0 | 1 |
| Creditors | -600 | 600 | 0 | 0 | 0 |
| Accruals and Deferred Income | 500 | 11,048 | 8,548 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 0 | -1 | |||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 5,787,472 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -10,847 | 9,265 | 1,582 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -557,290 | 5,796,737 | 1,582 | 0 | 1 |
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
corniche acquisition co. ltd. Credit Report and Business Information
Corniche Acquisition Co. Ltd. Competitor Analysis
Perform a competitor analysis for corniche acquisition co. ltd. by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC4M area or any other competitors across 12 key performance metrics.
corniche acquisition co. ltd. Ownership
CORNICHE ACQUISITION CO. LTD. group structure
Corniche Acquisition Co. Ltd. has no subsidiary companies.
Ultimate parent company
ACCELERANT HOLDINGS LTD
#0030721
ACCELERANT DISTRIBUTION HOLDINGS LTD
#0124666
2 parents
CORNICHE ACQUISITION CO. LTD.
12142353
corniche acquisition co. ltd. directors
Corniche Acquisition Co. Ltd. currently has 3 directors. The longest serving directors include Mr Christopher Lee-Smith (Aug 2019) and Mr George Peto (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Lee-Smith | England | 56 years | Aug 2019 | - | Director |
| Mr George Peto | England | 43 years | Jan 2021 | - | Director |
| Ms Sara Vierkant | England | 45 years | Dec 2023 | - | Director |
P&L
December 2023turnover
626.4k
0%
operating profit
805.5k
0%
gross margin
79.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.8m
+0.01%
total assets
5.8m
+0.01%
cash
0
0%
net assets
Total assets minus all liabilities
corniche acquisition co. ltd. company details
company number
12142353
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
August 2019
age
5
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
accelerant acquisition spv 4 limited (January 2022)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
one fleet place, london, EC4M 7WS
Bank
-
Legal Advisor
-
corniche acquisition co. 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 corniche acquisition co. ltd..
corniche acquisition co. ltd. Companies House Filings - See Documents
| date | description | view/download |
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