coreng ltd
coreng ltd Company Information
Company Number
12639580
Website
coreng.co.ukRegistered Address
unit 4a delta drive delta drive, tewkesbury, GL20 8HB
Industry
Manufacture of other machine tools
Telephone
01491615361
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
william cross 51%
simon moore 49%
coreng ltd Estimated Valuation
Pomanda estimates the enterprise value of CORENG LTD at £152.6k based on a Turnover of £383.3k and 0.4x industry multiple (adjusted for size and gross margin).
coreng ltd Estimated Valuation
Pomanda estimates the enterprise value of CORENG LTD at £0 based on an EBITDA of £-105.1k and a 3.27x industry multiple (adjusted for size and gross margin).
coreng ltd Estimated Valuation
Pomanda estimates the enterprise value of CORENG LTD at £15k based on Net Assets of £7.4k and 2.03x industry multiple (adjusted for liquidity).
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Coreng Ltd Overview
Coreng Ltd is a live company located in tewkesbury, GL20 8HB with a Companies House number of 12639580. It operates in the manufacture of other machine tools sector, SIC Code 28490. Founded in June 2020, it's largest shareholder is william cross with a 51% stake. Coreng Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £383.3k with unknown growth in recent years.
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Coreng Ltd Health Check
Pomanda's financial health check has awarded Coreng Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £383.3k, make it smaller than the average company (£11m)
- Coreng Ltd
£11m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Coreng Ltd
- - Industry AVG
Production
with a gross margin of 25.8%, this company has a higher cost of product (34.4%)
- Coreng Ltd
34.4% - Industry AVG
Profitability
an operating margin of -27.4% make it less profitable than the average company (3.4%)
- Coreng Ltd
3.4% - Industry AVG
Employees
with 4 employees, this is below the industry average (53)
4 - Coreng Ltd
53 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)
- Coreng Ltd
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £95.8k, this is less efficient (£217.7k)
- Coreng Ltd
£217.7k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (58 days)
- Coreng Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 142 days, this is slower than average (57 days)
- Coreng Ltd
57 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Coreng Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Coreng Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.9%, this is a higher level of debt than the average (44.7%)
94.9% - Coreng Ltd
44.7% - Industry AVG
CORENG LTD financials
Coreng Ltd's latest turnover from June 2023 is estimated at £383.3 thousand and the company has net assets of £7.4 thousand. According to their latest financial statements, Coreng Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| 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 | |||
| Number Of Employees | 4 | 4 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | 54,687 | 68,296 | 10,195 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 54,687 | 68,296 | 10,195 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 88,363 | 123,844 | 33,565 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 1,555 | 2,366 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 89,918 | 126,210 | 33,565 |
| total assets | 144,605 | 194,506 | 43,760 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 110,626 | 53,763 | 23,041 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 110,626 | 53,763 | 23,041 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 21,389 | 0 | 3,083 |
| other liabilities | 5,198 | 7,197 | 9,196 |
| provisions | 0 | 21,086 | 1,603 |
| total long term liabilities | 26,587 | 28,283 | 13,882 |
| total liabilities | 137,213 | 82,046 | 36,923 |
| net assets | 7,392 | 112,460 | 6,837 |
| total shareholders funds | 7,392 | 112,460 | 6,837 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -36,292 | 92,645 | 33,565 |
| Creditors | 56,863 | 30,722 | 23,041 |
| Accruals and Deferred Income | 21,389 | -3,083 | 3,083 |
| Deferred Taxes & Provisions | -21,086 | 19,483 | 1,603 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | -1,999 | -1,999 | 9,196 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
coreng ltd Credit Report and Business Information
Coreng Ltd Competitor Analysis
Perform a competitor analysis for coreng ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in GL20 area or any other competitors across 12 key performance metrics.
coreng ltd Ownership
CORENG LTD group structure
Coreng Ltd has no subsidiary companies.
Ultimate parent company
CORENG LTD
12639580
coreng ltd directors
Coreng Ltd currently has 3 directors. The longest serving directors include Mrs Victoria Cross (Jan 2021) and Mr Simon Moore (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Victoria Cross | United Kingdom | 46 years | Jan 2021 | - | Director |
| Mr Simon Moore | England | 44 years | Jul 2021 | - | Director |
| Mr William Cross | United Kingdom | 40 years | Feb 2022 | - | Director |
P&L
June 2023turnover
383.3k
-10%
operating profit
-105.1k
0%
gross margin
25.9%
+2.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
7.4k
-0.93%
total assets
144.6k
-0.26%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
coreng ltd company details
company number
12639580
Type
Private limited with Share Capital
industry
28490 - Manufacture of other machine tools
incorporation date
June 2020
age
4
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
unit 4a delta drive delta drive, tewkesbury, GL20 8HB
Bank
-
Legal Advisor
-
coreng 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 coreng ltd.
coreng ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
