Pomanda estimates the enterprise value of THE CORRA FOUNDATION at £66.9m based on a Turnover of £38m and 1.76x industry multiple (adjusted for size and gross margin).
the corra foundationEstimated Valuation
£0
Pomanda estimates the enterprise value of THE CORRA FOUNDATION at £0 based on an EBITDA of £-3.1m and a 11.68x industry multiple (adjusted for size and gross margin).
the corra foundationEstimated Valuation
£113.1m
Pomanda estimates the enterprise value of THE CORRA FOUNDATION at £113.1m based on Net Assets of £38.8m and 2.92x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Corra FoundationOverview
The Corra Foundation is a live company located in edinburgh, EH12 9DT with a Companies House number of SC096068. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in November 1985, it's largest shareholder is
unknown.
The Corra Foundation is a mature,
large sized company, Pomanda has estimated its turnover at
£38m with
low
growth in recent years.
Pomanda's financial health check has awarded The Corra Foundation a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
1 Regular
4 Weak
Size
annual sales of £38m, make it larger than the average company (£416.7k)
£38m - The Corra Foundation
£416.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.5%)
1% - The Corra Foundation
7.5% - Industry AVG
Production
with a gross margin of 87.8%, this company has a comparable cost of product (87.8%)
87.8% - The Corra Foundation
87.8% - Industry AVG
Profitability
an operating margin of -8.2% make it less profitable than the average company (1.5%)
-8.2% - The Corra Foundation
1.5% - Industry AVG
Employees
with 48 employees, this is above the industry average (10)
48 - The Corra Foundation
10 - Industry AVG
Pay Structure
on an average salary of £52.1k, the company has a higher pay structure (£27k)
£52.1k - The Corra Foundation
£27k - Industry AVG
Efficiency
resulting in sales per employee of £791.8k, this is more efficient (£52k)
£791.8k - The Corra Foundation
£52k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (13 days)
0 days - The Corra Foundation
13 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (30 days)
10 days - The Corra Foundation
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Corra Foundation
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 239 weeks, this is more cash available to meet short term requirements (161 weeks)
239 weeks - The Corra Foundation
161 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.5%, this is a lower level of debt than the average (18.7%)
10.5% - The Corra Foundation
18.7% - Industry AVG
THE CORRA FOUNDATION financials
EXPORT
The Corra Foundation's latest turnover from March 2024 is £38 million and the company has net assets of £38.8 million. According to their latest financial statements, The Corra Foundation has 48 employees and maintains cash reserves of £20.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
38,005,000
55,581,000
37,283,000
59,596,000
22,148,000
26,623,000
22,352,000
18,143,000
2,391,000
2,026,000
1,057,000
904,000
6,904,000
4,513,000
8,458,000
Other Income Or Grants
Cost Of Sales
4,652,082
6,252,670
33,882
54,160
2,878,044
1,025,906
899,360
529,676
459,234
3,447,101
2,315,901
Gross Profit
33,352,918
49,328,330
37,249,118
59,541,840
22,148,000
26,623,000
22,352,000
15,264,956
1,365,094
1,126,640
527,324
444,766
3,456,899
2,197,099
Admin Expenses
36,459,097
39,579,716
34,449,492
56,346,881
17,846,739
20,386,727
19,080,051
14,933,542
2,354,496
2,327,585
2,921,164
8,507,943
-955,275
2,127,779
1,004,412
Operating Profit
-3,106,179
9,748,614
2,799,626
3,194,959
4,301,261
6,236,273
3,271,949
331,414
-989,402
-1,200,945
-2,393,840
-8,063,177
4,412,174
69,320
-1,004,412
Interest Payable
27,000
Interest Receivable
Pre-Tax Profit
-2,012,000
8,255,000
2,288,000
2,595,000
3,525,000
5,127,000
2,699,000
272,000
-995,000
-1,210,000
-2,421,000
-8,086,000
3,270,000
-185,000
-1,261,000
Tax
Profit After Tax
-2,012,000
8,255,000
2,288,000
2,595,000
3,525,000
5,127,000
2,699,000
272,000
-995,000
-1,210,000
-2,421,000
-8,086,000
3,270,000
-185,000
-1,261,000
Dividends Paid
Retained Profit
-2,012,000
8,255,000
2,288,000
2,595,000
3,525,000
5,127,000
2,699,000
272,000
-995,000
-1,210,000
-2,421,000
-8,086,000
3,270,000
-185,000
-1,261,000
Employee Costs
2,502,000
3,081,000
2,096,000
1,858,000
1,627,000
1,471,000
1,195,000
747,000
531,000
582,000
496,000
465,000
495,000
568,000
588,000
Number Of Employees
48
51
42
43
44
36
29
23
15
10
13
10
12
14
15
EBITDA*
-3,079,179
9,794,614
2,834,626
3,228,959
4,329,261
6,249,273
3,280,949
350,414
-972,402
-1,184,945
-2,391,840
-8,039,177
4,466,174
133,320
-921,412
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
12,000
23,000
38,000
32,000
39,000
23,000
13,000
26,000
29,000
44,000
20,000
2,000
26,000
87,000
144,000
Intangible Assets
9,000
24,000
36,000
48,000
60,000
21,000
Investments & Other
22,198,000
21,993,000
26,388,000
24,195,000
24,968,000
22,792,000
5,186,000
4,719,000
4,157,000
6,334,000
Debtors (Due After 1 year)
Total Fixed Assets
22,210,000
22,025,000
26,450,000
24,263,000
25,055,000
22,875,000
5,220,000
4,745,000
4,186,000
6,378,000
20,000
2,000
26,000
87,000
144,000
Stock & work in progress
Trade Debtors
26,000
251,000
175,000
144,000
26,000
109,000
263,000
5,257,000
3,544,000
Group Debtors
Misc Debtors
218,000
242,000
251,000
196,000
2,720,000
2,730,000
2,881,000
2,516,000
128,000
11,000
17,000
12,000
10,000
42,000
40,000
Cash
20,848,000
20,835,000
9,788,000
10,264,000
7,226,000
6,265,000
18,630,000
5,430,000
1,439,000
729,000
56,000
1,791,000
907,000
1,365,000
misc current assets
8,283,000
8,147,000
4,405,000
11,169,000
18,246,000
total current assets
21,092,000
21,328,000
10,214,000
10,460,000
9,946,000
9,139,000
21,537,000
8,055,000
1,567,000
1,003,000
8,356,000
8,159,000
11,463,000
15,662,000
19,651,000
total assets
43,302,000
43,353,000
36,664,000
34,723,000
35,001,000
32,014,000
26,757,000
12,800,000
5,753,000
7,381,000
8,376,000
8,161,000
11,489,000
15,749,000
19,795,000
Bank overdraft
339,000
840,000
Bank loan
Trade Creditors
136,000
34,000
34,000
23,000
19,000
22,000
13,000
44,000
37,000
9,000
12,000
138,000
4,000
4,000
9,000
Group/Directors Accounts
39,000
other short term finances
8,000,000
hp & lease commitments
other current liabilities
4,391,000
2,532,000
4,098,000
4,456,000
7,294,000
7,856,000
7,093,000
6,797,000
536,000
858,000
703,000
920,000
878,000
1,644,000
1,768,000
total current liabilities
4,527,000
2,566,000
4,132,000
4,479,000
7,352,000
7,878,000
7,106,000
6,841,000
573,000
1,206,000
715,000
1,898,000
882,000
1,648,000
9,777,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
80,000
total long term liabilities
80,000
total liabilities
4,527,000
2,566,000
4,132,000
4,479,000
7,352,000
7,878,000
7,106,000
6,841,000
573,000
1,206,000
715,000
1,898,000
882,000
1,648,000
9,857,000
net assets
38,775,000
40,787,000
32,532,000
30,244,000
27,649,000
24,136,000
19,651,000
5,959,000
5,180,000
6,175,000
7,661,000
6,263,000
10,607,000
14,101,000
9,938,000
total shareholders funds
38,775,000
40,787,000
32,532,000
30,244,000
27,649,000
24,136,000
19,651,000
5,959,000
5,180,000
6,175,000
7,661,000
6,263,000
10,607,000
14,101,000
9,938,000
Mar 2024
Mar 2023
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
-3,106,179
9,748,614
2,799,626
3,194,959
4,301,261
6,236,273
3,271,949
331,414
-989,402
-1,200,945
-2,393,840
-8,063,177
4,412,174
69,320
-1,004,412
Depreciation
18,000
31,000
23,000
22,000
16,000
13,000
9,000
19,000
17,000
16,000
2,000
24,000
54,000
64,000
83,000
Amortisation
9,000
15,000
12,000
12,000
12,000
Tax
Stock
Debtors
-249,000
493,000
230,000
-2,524,000
-154,000
-33,000
282,000
2,497,000
-146,000
257,000
5,000
-5,255,000
1,681,000
3,546,000
40,000
Creditors
102,000
34,000
11,000
4,000
-3,000
9,000
-31,000
7,000
28,000
-3,000
-126,000
134,000
-5,000
9,000
Accruals and Deferred Income
1,859,000
2,532,000
-358,000
-2,838,000
-562,000
763,000
296,000
6,261,000
-322,000
155,000
-217,000
42,000
-766,000
-124,000
1,768,000
Deferred Taxes & Provisions
-80,000
80,000
Cash flow from operations
-869,179
11,867,614
2,257,626
2,918,959
3,918,261
7,054,273
3,263,949
4,121,414
-1,120,402
-1,289,945
-2,739,840
-2,608,177
2,019,174
-3,621,680
895,588
Investing Activities
capital expenditure
-18,310,000
10,512,000
-70,000
2,364,000
1,678,000
3,663,000
14,000
11,418,000
-13,423,000
Change in Investments
205,000
21,993,000
2,193,000
-773,000
2,176,000
17,606,000
467,000
562,000
-2,177,000
6,334,000
cash flow from investments
-205,000
-21,993,000
-2,193,000
773,000
-2,176,000
-35,916,000
10,045,000
-632,000
4,541,000
-4,656,000
3,663,000
14,000
11,418,000
-13,423,000
Financing Activities
Bank loans
Group/Directors Accounts
-39,000
39,000
Other Short Term Loans
-8,000,000
8,000,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
32,532,000
-12,000
-642,000
10,993,000
507,000
-276,000
3,819,000
3,742,000
-6,764,000
4,348,000
11,199,000
interest
-27,000
cash flow from financing
32,532,000
-39,000
27,000
-642,000
10,993,000
507,000
-276,000
3,819,000
3,742,000
-6,791,000
-3,652,000
19,199,000
cash and cash equivalents
cash
13,000
20,835,000
-476,000
3,038,000
961,000
-12,365,000
13,200,000
3,991,000
710,000
673,000
56,000
-1,791,000
884,000
-458,000
1,365,000
overdraft
-339,000
339,000
-840,000
840,000
change in cash
13,000
20,835,000
-476,000
3,038,000
961,000
-12,365,000
13,200,000
3,991,000
1,049,000
334,000
896,000
-2,631,000
884,000
-458,000
1,365,000
the corra foundation 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 the corra foundation. Get real-time insights into the corra foundation's credit score, group structure and payment trends.
Perform a competitor analysis for the corra foundation by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in EH12 area or any other competitors across 12 key performance metrics.
the corra foundation Ownership
THE CORRA FOUNDATION group structure
The Corra Foundation has no subsidiary companies.
Ultimate parent company
THE CORRA FOUNDATION
SC096068
THE CORRA FOUNDATION Shareholders
The sole shareholder of The Corra Foundation is -.
-
-
the corra foundation directors
The Corra Foundation currently has 13 directors.
The longest serving directors include
Mr David Johnson (Aug 2016) and
Ms Claire Gibson (Dec 2016).
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94990 - Activities of other membership organisations n.e.c.
incorporation date
November 1985
age
40
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
lloyds tsb foundation for scotland (August 2017)
tsb foundation for scotland (January 1997)
accountant
-
auditor
CHIENE & TAIT LLP
address
office suite 30, pure offices, 4 lochside way, edinburgh, EH12 9DT
Bank
SANTANDER CORPORATE & COMMERCIAL BANK
Legal Advisor
-
the corra foundation 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 4 charges/mortgages relating to the corra foundation. Currently there are 0 open charges and 4 have been satisfied in the past.
the corra foundation 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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the corra foundationCompanies House Filings - See Documents
