project cornwall topco limited
project cornwall topco limited Company Information
Company Number
12729739
Next Accounts
Sep 2025
Shareholders
palatine private equity impact investing fund lp
ww investments
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
st chads house suite 6, cross keys, lichfield, WS13 6DN
Website
-project cornwall topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT CORNWALL TOPCO LIMITED at £28.4m based on a Turnover of £14.4m and 1.97x industry multiple (adjusted for size and gross margin).
project cornwall topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT CORNWALL TOPCO LIMITED at £17.1m based on an EBITDA of £2.1m and a 8.2x industry multiple (adjusted for size and gross margin).
project cornwall topco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT CORNWALL TOPCO LIMITED at £0 based on Net Assets of £-5.5m and 1.34x industry multiple (adjusted for liquidity).
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Project Cornwall Topco Limited Overview
Project Cornwall Topco Limited is a live company located in lichfield, WS13 6DN with a Companies House number of 12729739. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in July 2020, it's largest shareholder is palatine private equity impact investing fund lp with a 41.5% stake. Project Cornwall Topco Limited is a young, mid sized company, Pomanda has estimated its turnover at £14.4m with rapid growth in recent years.
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Project Cornwall Topco Limited Health Check
Pomanda's financial health check has awarded Project Cornwall Topco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £14.4m, make it smaller than the average company (£18.9m)
£14.4m - Project Cornwall Topco Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (10.6%)
47% - Project Cornwall Topco Limited
10.6% - Industry AVG
Production
with a gross margin of 57.7%, this company has a lower cost of product (36.3%)
57.7% - Project Cornwall Topco Limited
36.3% - Industry AVG
Profitability
an operating margin of -4.9% make it less profitable than the average company (4.5%)
-4.9% - Project Cornwall Topco Limited
4.5% - Industry AVG
Employees
with 84 employees, this is similar to the industry average (105)
84 - Project Cornwall Topco Limited
105 - Industry AVG
Pay Structure
on an average salary of £49.7k, the company has an equivalent pay structure (£44.7k)
£49.7k - Project Cornwall Topco Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £171.2k, this is equally as efficient (£191.4k)
£171.2k - Project Cornwall Topco Limited
£191.4k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (45 days)
26 days - Project Cornwall Topco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 225 days, this is slower than average (44 days)
225 days - Project Cornwall Topco Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Project Cornwall Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (14 weeks)
11 weeks - Project Cornwall Topco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 129.1%, this is a higher level of debt than the average (69.6%)
129.1% - Project Cornwall Topco Limited
69.6% - Industry AVG
PROJECT CORNWALL TOPCO LIMITED financials
Project Cornwall Topco Limited's latest turnover from December 2023 is £14.4 million and the company has net assets of -£5.5 million. According to their latest financial statements, Project Cornwall Topco Limited has 84 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 14,379,876 | 12,549,214 | 11,170,786 | 4,481,892 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 6,079,703 | 4,863,756 | 4,370,389 | 2,157,551 |
| Gross Profit | 8,300,173 | 7,685,458 | 6,800,397 | 2,324,341 |
| Admin Expenses | 9,001,047 | 8,945,961 | 6,893,046 | 2,481,042 |
| Operating Profit | -700,874 | -1,260,503 | -92,649 | -156,701 |
| Interest Payable | 1,278,715 | 1,239,426 | 1,174,821 | 445,344 |
| Interest Receivable | 9,067 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,970,522 | -2,499,929 | -1,267,470 | -602,045 |
| Tax | 278,556 | 60,272 | 248,441 | 93,986 |
| Profit After Tax | -1,691,966 | -2,439,657 | -1,019,029 | -508,059 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -1,691,966 | -2,439,657 | -1,019,029 | -508,059 |
| Employee Costs | 4,174,130 | 4,348,316 | 3,424,403 | 1,289,240 |
| Number Of Employees | 84 | 87 | 70 | 60 |
| EBITDA* | 2,086,808 | 989,328 | 2,414,352 | 889,638 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 60,781 | 88,205 | 66,208 | 43,055 |
| Intangible Assets | 11,576,859 | 12,620,506 | 13,230,173 | 15,995,130 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,637,640 | 12,708,711 | 13,296,381 | 16,038,185 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,052,785 | 800,688 | 741,790 | 360,487 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,184,394 | 4,222,789 | 3,806,050 | 3,478,424 |
| Cash | 1,135,458 | 1,746,420 | 3,135,620 | 1,586,498 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 7,372,637 | 6,769,897 | 7,683,460 | 5,425,409 |
| total assets | 19,010,277 | 19,478,608 | 20,979,841 | 21,463,594 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,762,462 | 3,481,204 | 3,944,766 | 3,415,051 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 250,000 | 250,000 | 187,500 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 1,219,823 | 1,272,286 | 898,266 | 1,158,854 |
| total current liabilities | 5,232,285 | 5,003,490 | 5,030,532 | 4,573,905 |
| loans | 15,284,975 | 15,511,020 | 15,737,727 | 16,761,066 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 3,997,794 | 2,776,909 | 1,584,736 | 443,851 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 30,000 | 30,000 | 30,000 | 68,897 |
| total long term liabilities | 19,312,769 | 18,317,929 | 17,352,463 | 17,273,814 |
| total liabilities | 24,545,054 | 23,321,419 | 22,382,995 | 21,847,719 |
| net assets | -5,534,777 | -3,842,811 | -1,403,154 | -384,125 |
| total shareholders funds | -5,534,777 | -3,842,811 | -1,403,154 | -384,125 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -700,874 | -1,260,503 | -92,649 | -156,701 |
| Depreciation | 47,342 | 47,529 | 33,440 | 9,770 |
| Amortisation | 2,740,340 | 2,202,302 | 2,473,561 | 1,036,569 |
| Tax | 278,556 | 60,272 | 248,441 | 93,986 |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 1,213,702 | 475,637 | 708,929 | 3,838,911 |
| Creditors | 281,258 | -463,562 | 529,715 | 3,415,051 |
| Accruals and Deferred Income | 1,168,422 | 1,566,193 | 880,297 | 1,602,705 |
| Deferred Taxes & Provisions | 0 | 0 | -38,897 | 68,897 |
| Cash flow from operations | 2,601,342 | 1,676,594 | 3,324,979 | 2,231,366 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 |
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 62,500 | 187,500 | 0 |
| Long term loans | -226,045 | -226,707 | -1,023,339 | 16,761,066 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -1,269,648 | -1,239,426 | -1,174,821 | -445,344 |
| cash flow from financing | -1,495,693 | -1,403,633 | -2,010,660 | 16,439,656 |
| cash and cash equivalents | ||||
| cash | -610,962 | -1,389,200 | 1,549,122 | 1,586,498 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -610,962 | -1,389,200 | 1,549,122 | 1,586,498 |
project cornwall topco limited Credit Report and Business Information
Project Cornwall Topco Limited Competitor Analysis
Perform a competitor analysis for project cornwall topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in WS13 area or any other competitors across 12 key performance metrics.
project cornwall topco limited Ownership
PROJECT CORNWALL TOPCO LIMITED group structure
Project Cornwall Topco Limited has 1 subsidiary company.
Ultimate parent company
PROJECT CORNWALL TOPCO LIMITED
12729739
1 subsidiary
project cornwall topco limited directors
Project Cornwall Topco Limited currently has 9 directors. The longest serving directors include Mr Ian Woodroffe (Jul 2020) and Ms Alexandra Heasley (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Woodroffe | England | 55 years | Jul 2020 | - | Director |
| Ms Alexandra Heasley | England | 44 years | Aug 2020 | - | Director |
| Mrs Beth Houghton | England | 50 years | Aug 2020 | - | Director |
| Mr James Gregson | United Kingdom | 44 years | Aug 2020 | - | Director |
| Mr Steven Daniels | United Kingdom | 55 years | Aug 2020 | - | Director |
| Mr Michael Miller | England | 46 years | Aug 2020 | - | Director |
| Mr Mark Wainwright | United Kingdom | 47 years | May 2021 | - | Director |
| Mr James Moir | England | 48 years | Feb 2022 | - | Director |
| Mr Elliot Muscant | England | 47 years | Jun 2022 | - | Director |
P&L
December 2023turnover
14.4m
+15%
operating profit
-700.9k
-44%
gross margin
57.8%
-5.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-5.5m
+0.44%
total assets
19m
-0.02%
cash
1.1m
-0.35%
net assets
Total assets minus all liabilities
Similar Companies
project cornwall topco limited company details
company number
12729739
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
July 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
CROWE UK LLP
address
st chads house suite 6, cross keys, lichfield, WS13 6DN
Bank
-
Legal Advisor
-
project cornwall topco 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 1 charges/mortgages relating to project cornwall topco limited. Currently there are 1 open charges and 0 have been satisfied in the past.
project cornwall topco 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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project cornwall topco limited Companies House Filings - See Documents
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