cordant cleaning limited
cordant cleaning limited Company Information
Company Number
12449344
Website
-Registered Address
1 radian court, knowlhill, milton keynes, MK5 8PJ
Industry
Specialised cleaning services
Telephone
-
Next Accounts Due
533 days late
Group Structure
View All
Shareholders
bidvest noonan (uk) limited 100%
cordant cleaning limited Estimated Valuation
Pomanda estimates the enterprise value of CORDANT CLEANING LIMITED at £123.7m based on a Turnover of £120.4m and 1.03x industry multiple (adjusted for size and gross margin).
cordant cleaning limited Estimated Valuation
Pomanda estimates the enterprise value of CORDANT CLEANING LIMITED at £47.1m based on an EBITDA of £6.7m and a 7.01x industry multiple (adjusted for size and gross margin).
cordant cleaning limited Estimated Valuation
Pomanda estimates the enterprise value of CORDANT CLEANING LIMITED at £2.4m based on Net Assets of £2.2m and 1.09x industry multiple (adjusted for liquidity).
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Cordant Cleaning Limited Overview
Cordant Cleaning Limited is a live company located in milton keynes, MK5 8PJ with a Companies House number of 12449344. It operates in the specialised cleaning services sector, SIC Code 81222. Founded in February 2020, it's largest shareholder is bidvest noonan (uk) limited with a 100% stake. Cordant Cleaning Limited is a startup, mega sized company, Pomanda has estimated its turnover at £120.4m with unknown growth in recent years.
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Cordant Cleaning Limited Health Check
Pomanda's financial health check has awarded Cordant Cleaning 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
2 Strong
4 Regular
4 Weak
Size
annual sales of £120.4m, make it larger than the average company (£535.4k)
£120.4m - Cordant Cleaning Limited
£535.4k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Cordant Cleaning Limited
- - Industry AVG
Production
with a gross margin of 10.5%, this company has a higher cost of product (34.4%)
10.5% - Cordant Cleaning Limited
34.4% - Industry AVG
Profitability
an operating margin of 5.4% make it less profitable than the average company (6.9%)
5.4% - Cordant Cleaning Limited
6.9% - Industry AVG
Employees
with 3816 employees, this is above the industry average (16)
- Cordant Cleaning Limited
16 - Industry AVG
Pay Structure
on an average salary of £23.6k, the company has an equivalent pay structure (£20.6k)
- Cordant Cleaning Limited
£20.6k - Industry AVG
Efficiency
resulting in sales per employee of £31.6k, this is equally as efficient (£31.6k)
- Cordant Cleaning Limited
£31.6k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (50 days)
45 days - Cordant Cleaning Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (40 days)
10 days - Cordant Cleaning Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cordant Cleaning Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (14 weeks)
11 weeks - Cordant Cleaning Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.9%, this is a higher level of debt than the average (66.5%)
90.9% - Cordant Cleaning Limited
66.5% - Industry AVG
CORDANT CLEANING LIMITED financials
Cordant Cleaning Limited's latest turnover from June 2021 is £120.4 million and the company has net assets of £2.2 million. According to their latest financial statements, we estimate that Cordant Cleaning Limited has 3,816 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2021 | |
|---|---|
| Turnover | 120,409,000 |
| Other Income Or Grants | 0 |
| Cost Of Sales | 107,730,000 |
| Gross Profit | 12,679,000 |
| Admin Expenses | 6,205,000 |
| Operating Profit | 6,474,000 |
| Interest Payable | 200,000 |
| Interest Receivable | 0 |
| Pre-Tax Profit | 6,274,000 |
| Tax | -1,564,000 |
| Profit After Tax | 4,710,000 |
| Dividends Paid | 0 |
| Retained Profit | 4,710,000 |
| Employee Costs | 90,177,000 |
| Number Of Employees | |
| EBITDA* | 6,716,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2021 | |
|---|---|
| Tangible Assets | 893,000 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 893,000 |
| Stock & work in progress | 0 |
| Trade Debtors | 15,132,000 |
| Group Debtors | 0 |
| Misc Debtors | 3,304,000 |
| Cash | 4,882,000 |
| misc current assets | 0 |
| total current assets | 23,318,000 |
| total assets | 24,211,000 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 3,056,000 |
| Group/Directors Accounts | 8,211,000 |
| other short term finances | 0 |
| hp & lease commitments | 315,000 |
| other current liabilities | 10,419,000 |
| total current liabilities | 22,001,000 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 0 |
| total liabilities | 22,001,000 |
| net assets | 2,210,000 |
| total shareholders funds | 2,210,000 |
| Jun 2021 | |
|---|---|
| Operating Activities | |
| Operating Profit | 6,474,000 |
| Depreciation | 242,000 |
| Amortisation | 0 |
| Tax | -1,564,000 |
| Stock | 0 |
| Debtors | 18,436,000 |
| Creditors | 3,056,000 |
| Accruals and Deferred Income | 10,419,000 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | 191,000 |
| Investing Activities | |
| capital expenditure | 0 |
| Change in Investments | 0 |
| cash flow from investments | 0 |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 8,211,000 |
| Other Short Term Loans | 0 |
| Long term loans | 0 |
| Hire Purchase and Lease Commitments | 315,000 |
| other long term liabilities | 0 |
| share issue | |
| interest | -200,000 |
| cash flow from financing | 5,826,000 |
| cash and cash equivalents | |
| cash | 4,882,000 |
| overdraft | 0 |
| change in cash | 4,882,000 |
cordant cleaning limited Credit Report and Business Information
Cordant Cleaning Limited Competitor Analysis
Perform a competitor analysis for cordant cleaning 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 cleaning limited Ownership
CORDANT CLEANING LIMITED group structure
Cordant Cleaning Limited has no subsidiary companies.
Ultimate parent company
2 parents
CORDANT CLEANING LIMITED
12449344
cordant cleaning limited directors
Cordant Cleaning Limited currently has 3 directors. The longest serving directors include Mr Declan Doyle (May 2021) and Mr Declan Doyle (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Declan Doyle | Ireland | 44 years | May 2021 | - | Director |
| Mr Declan Doyle | United Kingdom | 44 years | May 2021 | - | Director |
| Mr Guy Pakenham | United Kingdom | 54 years | May 2021 | - | Director |
P&L
June 2021turnover
120.4m
0%
operating profit
6.5m
0%
gross margin
10.6%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2021net assets
2.2m
0%
total assets
24.2m
0%
cash
4.9m
0%
net assets
Total assets minus all liabilities
Similar Companies
cordant cleaning limited company details
company number
12449344
Type
Private limited with Share Capital
industry
81222 - Specialised cleaning services
incorporation date
February 2020
age
4
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
2020 g limited (May 2020)
last accounts submitted
June 2021
address
1 radian court, knowlhill, milton keynes, MK5 8PJ
accountant
-
auditor
BISHOP FLEMING LLP
cordant cleaning 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 4 charges/mortgages relating to cordant cleaning limited. Currently there are 1 open charges and 3 have been satisfied in the past.
cordant cleaning limited Companies House Filings - See Documents
| date | description | view/download |
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