Pomanda estimates the enterprise value of CORAXE CLEANING SERVICES LTD at £335.1k based on a Turnover of £710.5k and 0.47x industry multiple (adjusted for size and gross margin).
coraxe cleaning services ltdEstimated Valuation
£84.4k
Pomanda estimates the enterprise value of CORAXE CLEANING SERVICES LTD at £84.4k based on an EBITDA of £27.3k and a 3.09x industry multiple (adjusted for size and gross margin).
coraxe cleaning services ltdEstimated Valuation
£47k
Pomanda estimates the enterprise value of CORAXE CLEANING SERVICES LTD at £47k based on Net Assets of £20.3k and 2.32x industry multiple (adjusted for liquidity).
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Coraxe Cleaning Services LtdOverview
Coraxe Cleaning Services Ltd is a live company located in essex, CM5 9DT with a Companies House number of 14601697. It operates in the other cleaning services sector, SIC Code 81299. Founded in January 2023, it's largest shareholder is
eric mabanza
with a 100% stake. Coraxe Cleaning Services Ltd is a startup,
small sized company, Pomanda has estimated its turnover at
£710.5k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Coraxe Cleaning Services Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
3 Regular
6 Weak
Size
annual sales of £710.5k, make it smaller than the average company (£7.1m)
£710.5k - Coraxe Cleaning Services Ltd
£7.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Coraxe Cleaning Services Ltd
- - Industry AVG
Production
with a gross margin of 27.6%, this company has a comparable cost of product (27.6%)
27.6% - Coraxe Cleaning Services Ltd
27.6% - Industry AVG
Profitability
an operating margin of 3.8% make it less profitable than the average company (5.3%)
3.8% - Coraxe Cleaning Services Ltd
5.3% - Industry AVG
Employees
with 12 employees, this is below the industry average (22)
12 - Coraxe Cleaning Services Ltd
22 - Industry AVG
Pay Structure
on an average salary of £27.2k, the company has an equivalent pay structure (£27.2k)
£27.2k - Coraxe Cleaning Services Ltd
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £59.2k, this is less efficient (£183.2k)
£59.2k - Coraxe Cleaning Services Ltd
£183.2k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (36 days)
10 days - Coraxe Cleaning Services Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (26 days)
7 days - Coraxe Cleaning Services Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Coraxe Cleaning Services Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 7 weeks, this is less cash available to meet short term requirements (17 weeks)
7 weeks - Coraxe Cleaning Services Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.9%, this is a similar level of debt than the average (54.3%)
52.9% - Coraxe Cleaning Services Ltd
54.3% - Industry AVG
CORAXE CLEANING SERVICES LTD financials
EXPORT
Coraxe Cleaning Services Ltd's latest turnover from January 2024 is estimated at £710.5 thousand and the company has net assets of £20.3 thousand. According to their latest financial statements, Coraxe Cleaning Services Ltd has 12 employees and maintains cash reserves of £3.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jan 2024
Turnover
710,529
Other Income Or Grants
Cost Of Sales
514,466
Gross Profit
196,063
Admin Expenses
169,104
Operating Profit
26,959
Interest Payable
Interest Receivable
89
Pre-Tax Profit
27,048
Tax
-6,762
Profit After Tax
20,286
Dividends Paid
Retained Profit
20,286
Employee Costs
326,784
Number Of Employees
12
EBITDA*
27,280
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2024
Tangible Assets
961
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
961
Stock & work in progress
Trade Debtors
20,785
Group Debtors
Misc Debtors
17,924
Cash
3,407
misc current assets
total current assets
42,116
total assets
43,077
Bank overdraft
Bank loan
Trade Creditors
10,076
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
12,714
total current liabilities
22,790
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
22,790
net assets
20,287
total shareholders funds
20,287
Jan 2024
Operating Activities
Operating Profit
26,959
Depreciation
321
Amortisation
Tax
-6,762
Stock
Debtors
38,709
Creditors
10,076
Accruals and Deferred Income
12,714
Deferred Taxes & Provisions
Cash flow from operations
4,599
Investing Activities
capital expenditure
-1,282
Change in Investments
cash flow from investments
-1,282
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1
interest
89
cash flow from financing
90
cash and cash equivalents
cash
3,407
overdraft
change in cash
3,407
coraxe cleaning services ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for coraxe cleaning services ltd. Get real-time insights into coraxe cleaning services ltd's credit score, group structure and payment trends.
Perform a competitor analysis for coraxe cleaning services ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in CM5 area or any other competitors across 12 key performance metrics.
coraxe cleaning services ltd Ownership
CORAXE CLEANING SERVICES LTD group structure
Coraxe Cleaning Services Ltd has no subsidiary companies.
Ultimate parent company
CORAXE CLEANING SERVICES LTD
14601697
CORAXE CLEANING SERVICES LTD Shareholders
The sole shareholder of Coraxe Cleaning Services Ltd is Eric Mabanza.
eric mabanza
100%
coraxe cleaning services ltd directors
Coraxe Cleaning Services Ltd currently has 1 director, Mr Eric Mabanza serving since Jan 2023.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024
net assets
20.3k
0%
total assets
43.1k
0%
cash
3.4k
0%
net assets
Total assets minus all liabilities
Similar Companies
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coraxe cleaning services ltd company details
company number
14601697
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
81299 - Cleaning services (other than disinfecting and extermination services) n.e.c.
incorporation date
January 2023
age
2
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
-
address
47b high street, ongar, essex, CM5 9DT
Bank
-
Legal Advisor
-
coraxe cleaning services 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 coraxe cleaning services ltd.
coraxe cleaning services ltd 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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coraxe cleaning services ltdCompanies House Filings - See Documents
