Pomanda estimates the enterprise value of CORDANT SECURITY LIMITED at £117.4m based on a Turnover of £160.3m and 0.73x industry multiple (adjusted for size and gross margin).
cordant security limitedEstimated Valuation
£22.6m
Pomanda estimates the enterprise value of CORDANT SECURITY LIMITED at £22.6m based on an EBITDA of £4.3m and a 5.28x industry multiple (adjusted for size and gross margin).
cordant security limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of CORDANT SECURITY LIMITED at £0 based on Net Assets of £-1m and 1.78x industry multiple (adjusted for liquidity).
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Cordant Security LimitedOverview
Cordant Security Limited is a live company located in milton keynes, MK5 8PJ with a Companies House number of 12449273. It operates in the private security activities sector, SIC Code 80100. Founded in February 2020, it's largest shareholder is
bidvest noonan (uk) limited
with a 100% stake. Cordant Security Limited is a young,
mega sized company, Pomanda has estimated its turnover at
£160.3m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Cordant Security Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
2 Strong
4 Regular
4 Weak
Size
annual sales of £160.3m, make it larger than the average company (£4.1m)
£160.3m - Cordant Security Limited
£4.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Cordant Security Limited
- - Industry AVG
Production
with a gross margin of 7%, this company has a higher cost of product (19.6%)
7% - Cordant Security Limited
19.6% - Industry AVG
Profitability
an operating margin of 2.7% make it as profitable than the average company (3.1%)
2.7% - Cordant Security Limited
3.1% - Industry AVG
Employees
with 4952 employees, this is above the industry average (87)
4952 - Cordant Security Limited
87 - Industry AVG
Pay Structure
on an average salary of £27.3k, the company has an equivalent pay structure (£25.6k)
£27.3k - Cordant Security Limited
£25.6k - Industry AVG
Efficiency
resulting in sales per employee of £32.4k, this is less efficient (£39.6k)
£32.4k - Cordant Security Limited
£39.6k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (51 days)
45 days - Cordant Security Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (15 days)
6 days - Cordant Security Limited
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cordant Security Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 12 weeks, this is average cash available to meet short term requirements (11 weeks)
12 weeks - Cordant Security Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103%, this is a higher level of debt than the average (79.2%)
103% - Cordant Security Limited
79.2% - Industry AVG
CORDANT SECURITY LIMITED financials
EXPORT
Cordant Security Limited's latest turnover from June 2021 is £160.3 million and the company has net assets of -£1 million. According to their latest financial statements, Cordant Security Limited has 4,952 employees and maintains cash reserves of £8.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2021
Turnover
160,303,000
Other Income Or Grants
Cost Of Sales
149,141,000
Gross Profit
11,162,000
Admin Expenses
6,897,000
Operating Profit
4,265,000
Interest Payable
327,000
Interest Receivable
Pre-Tax Profit
3,938,000
Tax
-1,458,000
Profit After Tax
2,480,000
Dividends Paid
Retained Profit
2,480,000
Employee Costs
135,062,000
Number Of Employees
4,952
EBITDA*
4,279,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2021
Tangible Assets
64,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
64,000
Stock & work in progress
Trade Debtors
20,116,000
Group Debtors
3,235,000
Misc Debtors
2,254,000
Cash
8,051,000
misc current assets
total current assets
33,656,000
total assets
33,720,000
Bank overdraft
Bank loan
Trade Creditors
2,519,000
Group/Directors Accounts
15,042,000
other short term finances
hp & lease commitments
other current liabilities
17,177,000
total current liabilities
34,738,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
2,000
provisions
total long term liabilities
2,000
total liabilities
34,740,000
net assets
-1,020,000
total shareholders funds
-1,020,000
Jun 2021
Operating Activities
Operating Profit
4,265,000
Depreciation
14,000
Amortisation
Tax
-1,458,000
Stock
Debtors
25,605,000
Creditors
2,519,000
Accruals and Deferred Income
17,177,000
Deferred Taxes & Provisions
Cash flow from operations
-3,088,000
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
15,042,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
2,000
share issue
-3,500,000
interest
-327,000
cash flow from financing
11,217,000
cash and cash equivalents
cash
8,051,000
overdraft
change in cash
8,051,000
cordant security 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 cordant security limited. Get real-time insights into cordant security limited's credit score, group structure and payment trends.
Perform a competitor analysis for cordant security limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in MK5 area or any other competitors across 12 key performance metrics.
cordant security limited Ownership
CORDANT SECURITY LIMITED group structure
Cordant Security Limited has no subsidiary companies.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2021
net assets
-1m
0%
total assets
33.7m
0%
cash
8.1m
0%
net assets
Total assets minus all liabilities
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cordant security limited company details
company number
12449273
Type
Private limited with Share Capital
industry
80100 - Private security activities
incorporation date
February 2020
age
5
incorporated
UK
ultimate parent company
THE BIDVEST GROUP LTD
accounts
Full Accounts
last accounts submitted
June 2021
previous names
2020 f limited (March 2020)
accountant
-
auditor
BISHOP FLEMING LLP
address
1 radian court, knowlhill, milton keynes, MK5 8PJ
Bank
-
Legal Advisor
-
cordant security 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 cordant security limited. Currently there are 2 open charges and 1 have been satisfied in the past.
cordant security 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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cordant security limitedCompanies House Filings - See Documents
