cornbrook metal recycling holding ltd Company Information
Company Number
13238673
Website
-Registered Address
capital house, 272 manchester road, manchester, M43 6PW
Industry
Treatment and disposal of non-hazardous waste
Telephone
01612249119
Next Accounts Due
September 2024
Group Structure
View All
Directors
Ian Kayes3 Years
Shareholders
mr ian james kayes 50%
mrs wendy sandra kayes 50%
cornbrook metal recycling holding ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNBROOK METAL RECYCLING HOLDING LTD at £8.9m based on a Turnover of £12.9m and 0.69x industry multiple (adjusted for size and gross margin).
cornbrook metal recycling holding ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNBROOK METAL RECYCLING HOLDING LTD at £11m based on an EBITDA of £2.5m and a 4.33x industry multiple (adjusted for size and gross margin).
cornbrook metal recycling holding ltd Estimated Valuation
Pomanda estimates the enterprise value of CORNBROOK METAL RECYCLING HOLDING LTD at £2.3m based on Net Assets of £6.3m and 0.36x industry multiple (adjusted for liquidity).
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Cornbrook Metal Recycling Holding Ltd Overview
Cornbrook Metal Recycling Holding Ltd is a live company located in manchester, M43 6PW with a Companies House number of 13238673. It operates in the treatment and disposal of non-hazardous waste sector, SIC Code 38210. Founded in March 2021, it's largest shareholder is mr ian james kayes with a 50% stake. Cornbrook Metal Recycling Holding Ltd is a startup, mid sized company, Pomanda has estimated its turnover at £12.9m with unknown growth in recent years.
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Cornbrook Metal Recycling Holding Ltd Health Check
Pomanda's financial health check has awarded Cornbrook Metal Recycling Holding Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £12.9m, make it in line with the average company (£13.3m)
£12.9m - Cornbrook Metal Recycling Holding Ltd
£13.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Cornbrook Metal Recycling Holding Ltd
- - Industry AVG
Production
with a gross margin of 22.3%, this company has a comparable cost of product (23.9%)
22.3% - Cornbrook Metal Recycling Holding Ltd
23.9% - Industry AVG
Profitability
an operating margin of 17.1% make it more profitable than the average company (7.6%)
17.1% - Cornbrook Metal Recycling Holding Ltd
7.6% - Industry AVG
Employees
with 17 employees, this is below the industry average (37)
17 - Cornbrook Metal Recycling Holding Ltd
37 - Industry AVG
Pay Structure
on an average salary of £29.2k, the company has a lower pay structure (£39.4k)
£29.2k - Cornbrook Metal Recycling Holding Ltd
£39.4k - Industry AVG
Efficiency
resulting in sales per employee of £757.7k, this is more efficient (£289.3k)
£757.7k - Cornbrook Metal Recycling Holding Ltd
£289.3k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (42 days)
1 days - Cornbrook Metal Recycling Holding Ltd
42 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (25 days)
1 days - Cornbrook Metal Recycling Holding Ltd
25 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is more than average (3 days)
12 days - Cornbrook Metal Recycling Holding Ltd
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 75 weeks, this is more cash available to meet short term requirements (23 weeks)
75 weeks - Cornbrook Metal Recycling Holding Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.5%, this is a lower level of debt than the average (69.6%)
20.5% - Cornbrook Metal Recycling Holding Ltd
69.6% - Industry AVG
CORNBROOK METAL RECYCLING HOLDING LTD financials
Cornbrook Metal Recycling Holding Ltd's latest turnover from December 2022 is £12.9 million and the company has net assets of £6.3 million. According to their latest financial statements, Cornbrook Metal Recycling Holding Ltd has 17 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | |
---|---|---|
Turnover | 12,880,746 | 12,088,912 |
Other Income Or Grants | 0 | 0 |
Cost Of Sales | 10,008,858 | 9,892,135 |
Gross Profit | 2,871,888 | 2,196,777 |
Admin Expenses | 669,113 | 806,213 |
Operating Profit | 2,202,775 | 1,390,564 |
Interest Payable | 13,717 | 9,312 |
Interest Receivable | 433 | 158 |
Pre-Tax Profit | 2,189,491 | 1,363,992 |
Tax | -763,468 | -236,133 |
Profit After Tax | 1,426,023 | 1,127,859 |
Dividends Paid | 132,000 | 0 |
Retained Profit | 1,294,023 | 1,127,859 |
Employee Costs | 496,684 | 128,433 |
Number Of Employees | 17 | 18 |
EBITDA* | 2,533,810 | 1,712,437 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | |
---|---|---|
Tangible Assets | 3,148,146 | 2,754,765 |
Intangible Assets | 0 | 0 |
Investments & Other | 1,111,000 | 995,000 |
Debtors (Due After 1 year) | 1,636,499 | 0 |
Total Fixed Assets | 5,895,645 | 3,749,765 |
Stock & work in progress | 351,705 | 382,952 |
Trade Debtors | 40,156 | 19,272 |
Group Debtors | 0 | 710,000 |
Misc Debtors | 72,905 | 94,108 |
Cash | 1,620,892 | 2,102,582 |
misc current assets | 0 | 0 |
total current assets | 2,085,658 | 3,308,914 |
total assets | 7,981,303 | 7,058,679 |
Bank overdraft | 0 | 67,980 |
Bank loan | 0 | 0 |
Trade Creditors | 49,268 | 123,858 |
Group/Directors Accounts | 1,177 | 0 |
other short term finances | 0 | 0 |
hp & lease commitments | 0 | 0 |
other current liabilities | 1,062,532 | 1,402,446 |
total current liabilities | 1,112,977 | 1,594,284 |
loans | 0 | 503,522 |
hp & lease commitments | 0 | 0 |
Accruals and Deferred Income | 0 | 0 |
other liabilities | 0 | 0 |
provisions | 526,534 | 0 |
total long term liabilities | 526,534 | 503,522 |
total liabilities | 1,639,511 | 2,097,806 |
net assets | 6,341,792 | 4,960,873 |
total shareholders funds | 6,341,792 | 4,960,873 |
Dec 2022 | Dec 2021 | |
---|---|---|
Operating Activities | ||
Operating Profit | 2,202,775 | 1,390,564 |
Depreciation | 331,035 | 321,873 |
Amortisation | 0 | 0 |
Tax | -763,468 | -236,133 |
Stock | -31,247 | 382,952 |
Debtors | 926,180 | 823,380 |
Creditors | -74,590 | 123,858 |
Accruals and Deferred Income | -339,914 | 1,402,446 |
Deferred Taxes & Provisions | 526,534 | 0 |
Cash flow from operations | 987,439 | 1,796,276 |
Investing Activities | ||
capital expenditure | 0 | |
Change in Investments | 116,000 | 995,000 |
cash flow from investments | -116,000 | |
Financing Activities | ||
Bank loans | 0 | 0 |
Group/Directors Accounts | 1,177 | 0 |
Other Short Term Loans | 0 | 0 |
Long term loans | -503,522 | 503,522 |
Hire Purchase and Lease Commitments | 0 | 0 |
other long term liabilities | 0 | 0 |
share issue | ||
interest | -13,284 | -9,154 |
cash flow from financing | -428,733 | 4,327,382 |
cash and cash equivalents | ||
cash | -481,690 | 2,102,582 |
overdraft | -67,980 | 67,980 |
change in cash | -413,710 | 2,034,602 |
cornbrook metal recycling holding ltd Credit Report and Business Information
Cornbrook Metal Recycling Holding Ltd Competitor Analysis
Perform a competitor analysis for cornbrook metal recycling holding ltd by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in M43 area or any other competitors across 12 key performance metrics.
cornbrook metal recycling holding ltd Ownership
CORNBROOK METAL RECYCLING HOLDING LTD group structure
Cornbrook Metal Recycling Holding Ltd has 2 subsidiary companies.
Ultimate parent company
CORNBROOK METAL RECYCLING HOLDING LTD
13238673
2 subsidiaries
cornbrook metal recycling holding ltd directors
Cornbrook Metal Recycling Holding Ltd currently has 1 director, Mr Ian Kayes serving since Mar 2021.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Ian Kayes | England | 55 years | Mar 2021 | - | Director |
P&L
December 2022turnover
12.9m
+7%
operating profit
2.2m
+58%
gross margin
22.3%
+22.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.3m
+0.28%
total assets
8m
+0.13%
cash
1.6m
-0.23%
net assets
Total assets minus all liabilities
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cornbrook metal recycling holding ltd company details
company number
13238673
Type
Private limited with Share Capital
industry
38210 - Treatment and disposal of non-hazardous waste
incorporation date
March 2021
age
3
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
capital house, 272 manchester road, manchester, M43 6PW
accountant
-
auditor
WYATT MORRIS GOLLAND LTD
cornbrook metal recycling holding 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 cornbrook metal recycling holding ltd.
cornbrook metal recycling holding ltd Companies House Filings - See Documents
date | description | view/download |
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