proper cornish holdings limited
proper cornish holdings limited Company Information
Company Number
13695209
Next Accounts
Sep 2025
Shareholders
boncolac
Group Structure
View All
Industry
Activities of production holding companies
Registered Address
3 lucknow road, bodmin, cornwall, PL31 1EZ
Website
-proper cornish holdings limited Estimated Valuation
Pomanda estimates the enterprise value of PROPER CORNISH HOLDINGS LIMITED at £46.4m based on a Turnover of £25.1m and 1.84x industry multiple (adjusted for size and gross margin).
proper cornish holdings limited Estimated Valuation
Pomanda estimates the enterprise value of PROPER CORNISH HOLDINGS LIMITED at £19.8m based on an EBITDA of £2.6m and a 7.56x industry multiple (adjusted for size and gross margin).
proper cornish holdings limited Estimated Valuation
Pomanda estimates the enterprise value of PROPER CORNISH HOLDINGS LIMITED at £13.6m based on Net Assets of £8.8m and 1.55x industry multiple (adjusted for liquidity).
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Proper Cornish Holdings Limited Overview
Proper Cornish Holdings Limited is a live company located in cornwall, PL31 1EZ with a Companies House number of 13695209. It operates in the activities of production holding companies sector, SIC Code 64202. Founded in October 2021, it's largest shareholder is boncolac with a 100% stake. Proper Cornish Holdings Limited is a startup, large sized company, Pomanda has estimated its turnover at £25.1m with unknown growth in recent years.
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Proper Cornish Holdings Limited Health Check
Pomanda's financial health check has awarded Proper Cornish Holdings Limited a 4.5 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 £25.1m, make it larger than the average company (£20m)
£25.1m - Proper Cornish Holdings Limited
£20m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Proper Cornish Holdings Limited
- - Industry AVG
Production
with a gross margin of 40.7%, this company has a lower cost of product (32.4%)
40.7% - Proper Cornish Holdings Limited
32.4% - Industry AVG
Profitability
an operating margin of 6.9% make it as profitable than the average company (6%)
6.9% - Proper Cornish Holdings Limited
6% - Industry AVG
Employees
with 211 employees, this is above the industry average (122)
211 - Proper Cornish Holdings Limited
122 - Industry AVG
Pay Structure
on an average salary of £32.8k, the company has a lower pay structure (£41.4k)
£32.8k - Proper Cornish Holdings Limited
£41.4k - Industry AVG
Efficiency
resulting in sales per employee of £119.2k, this is less efficient (£173.6k)
£119.2k - Proper Cornish Holdings Limited
£173.6k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (52 days)
67 days - Proper Cornish Holdings Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is close to average (49 days)
53 days - Proper Cornish Holdings Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is less than average (68 days)
44 days - Proper Cornish Holdings Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (13 weeks)
6 weeks - Proper Cornish Holdings Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.4%, this is a lower level of debt than the average (55.8%)
39.4% - Proper Cornish Holdings Limited
55.8% - Industry AVG
PROPER CORNISH HOLDINGS LIMITED financials
Proper Cornish Holdings Limited's latest turnover from December 2023 is £25.1 million and the company has net assets of £8.8 million. According to their latest financial statements, Proper Cornish Holdings Limited has 211 employees and maintains cash reserves of £652.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 25,146,256 | 26,573,647 |
| Other Income Or Grants | ||
| Cost Of Sales | 14,910,896 | 15,292,043 |
| Gross Profit | 10,235,360 | 11,281,604 |
| Admin Expenses | 8,492,620 | 7,795,678 |
| Operating Profit | 1,742,740 | 3,485,926 |
| Interest Payable | 88,537 | 43,946 |
| Interest Receivable | ||
| Pre-Tax Profit | 1,654,203 | 2,641,980 |
| Tax | -632,352 | -456,269 |
| Profit After Tax | 1,021,851 | 2,185,711 |
| Dividends Paid | ||
| Retained Profit | 1,021,851 | 2,185,711 |
| Employee Costs | 6,917,137 | 7,268,900 |
| Number Of Employees | 211 | 212 |
| EBITDA* | 2,625,298 | 4,381,277 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 3,931,247 | 3,228,264 |
| Intangible Assets | 2,849,090 | 3,211,766 |
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 6,780,337 | 6,440,030 |
| Stock & work in progress | 1,835,270 | 1,580,876 |
| Trade Debtors | 4,631,046 | 4,135,596 |
| Group Debtors | ||
| Misc Debtors | 607,981 | 1,756,481 |
| Cash | 652,131 | 358,271 |
| misc current assets | ||
| total current assets | 7,726,428 | 7,831,224 |
| total assets | 14,506,765 | 14,271,254 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 2,190,270 | 1,407,932 |
| Group/Directors Accounts | 1,673,119 | |
| other short term finances | 34,799 | 824,677 |
| hp & lease commitments | 28,300 | 89,638 |
| other current liabilities | 1,091,303 | 1,017,170 |
| total current liabilities | 5,017,791 | 3,339,417 |
| loans | 2,775,000 | |
| hp & lease commitments | 32,837 | |
| Accruals and Deferred Income | ||
| other liabilities | ||
| provisions | 693,763 | 350,640 |
| total long term liabilities | 693,763 | 3,158,477 |
| total liabilities | 5,711,554 | 6,497,894 |
| net assets | 8,795,211 | 7,773,360 |
| total shareholders funds | 8,795,211 | 7,773,360 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 1,742,740 | 3,485,926 |
| Depreciation | 519,882 | 480,353 |
| Amortisation | 362,676 | 414,998 |
| Tax | -632,352 | -456,269 |
| Stock | 254,394 | 1,580,876 |
| Debtors | -653,050 | 5,892,077 |
| Creditors | 782,338 | 1,407,932 |
| Accruals and Deferred Income | 74,133 | 1,017,170 |
| Deferred Taxes & Provisions | 343,123 | 350,640 |
| Cash flow from operations | 3,591,196 | -772,203 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | 1,673,119 | |
| Other Short Term Loans | -789,878 | 824,677 |
| Long term loans | -2,775,000 | 2,775,000 |
| Hire Purchase and Lease Commitments | -94,175 | 122,475 |
| other long term liabilities | ||
| share issue | ||
| interest | -88,537 | -43,946 |
| cash flow from financing | -2,074,471 | 9,265,855 |
| cash and cash equivalents | ||
| cash | 293,860 | 358,271 |
| overdraft | ||
| change in cash | 293,860 | 358,271 |
proper cornish holdings limited Credit Report and Business Information
Proper Cornish Holdings Limited Competitor Analysis
Perform a competitor analysis for proper cornish holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in PL31 area or any other competitors across 12 key performance metrics.
proper cornish holdings limited Ownership
PROPER CORNISH HOLDINGS LIMITED group structure
Proper Cornish Holdings Limited has 1 subsidiary company.
Ultimate parent company
BONCOLAC SAS
#0099398
2 parents
PROPER CORNISH HOLDINGS LIMITED
13695209
1 subsidiary
proper cornish holdings limited directors
Proper Cornish Holdings Limited currently has 3 directors. The longest serving directors include Mr Paul Saunders (Oct 2021) and Mr Alexandre Vigneron (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Saunders | England | 58 years | Oct 2021 | - | Director |
| Mr Alexandre Vigneron | France | 38 years | Feb 2023 | - | Director |
| Ms Samantha Sayer | England | 42 years | Feb 2023 | - | Director |
P&L
December 2023turnover
25.1m
-5%
operating profit
1.7m
-50%
gross margin
40.8%
-4.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
8.8m
+0.13%
total assets
14.5m
+0.02%
cash
652.1k
+0.82%
net assets
Total assets minus all liabilities
Similar Companies
proper cornish holdings limited company details
company number
13695209
Type
Private limited with Share Capital
industry
64202 - Activities of production holding companies
incorporation date
October 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PKF FRANCIS CLARK
address
3 lucknow road, bodmin, cornwall, PL31 1EZ
Bank
-
Legal Advisor
-
proper cornish holdings 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 did not find charges/mortgages relating to proper cornish holdings limited.
proper cornish holdings 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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proper cornish holdings limited Companies House Filings - See Documents
| date | description | view/download |
|---|
