How much does Proper Cornish Limited make?

Proper Cornish Limited reported revenue of £22.9m and £2m profit in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Proper Cornish Limited have?

Proper Cornish Limited reported an average of 212 employees in the year to 31 Dec 2022.

Is Proper Cornish Limited profitable?

Yes — Proper Cornish Limited reported a profit of £2m in the year to 31 Dec 2022.

Company No. 03789756 · Incorporated 15 Jun 1999

Proper Cornish Limited

Registered name: PROPER CORNISH LIMITED

Part of Proper Cornish Holdings Limited group

Proper Cornish Limited made £22.9m revenue and £2m profit in the year to 31 Dec 2022.

Proper Cornish Limited’s revenue grew 28% to £22.9m in the year to 31 Dec 2022, with £2m profit and 212 employees. The company is classified under “manufacture of bread; manufacture of fresh pastry goods and cakes” and is based in Bodmin; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10710Manufacture of bread; manufacture of fresh pastry goods and cakes

Status: Active
Location: Bodmin, South West
Age: 27 yrs · since 1999
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Proper Cornish Holdings Limited”

Latest accounts · year to 31 Dec 2022

Key figures

Cash flow filed

Revenue

£22.9m

Growth ▲28.4%

Profit

£2m

Growth ▼1.7%

Profit margin

8.8%

Gross 43.5%

Employees

212

Change ▲8.2%

Profit / employee

£9.5k

Revenue/employee £108k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£17.8m	£22.9m
Cost of sales	£9.9m	£13m
Gross profit	£7.9m	£10m
Operating profit	£2.7m	£3.3m
Profit before tax	£2.6m	£2.5m
Profit after tax	£2.1m	£2m
Profit (best available)	£2.1m	£2m
Staff costs	£5.3m	£6.3m
Employees (average)	196	212
Ratios
Profit margin	11.5%	8.8%
Gross margin	44.5%	43.5%
Revenue per employee	£91.1k	£108k
Profit per employee	£10.5k	£9.5k
Cash conversion	97.4%	24.2%
Growth (year on year)
Revenue growth	—	▲28.4%
Profit growth	—	▼1.7%
Headcount growth	—	▲8.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£358k
Net assets	£5.3m	£7.3m
Fixed assets	£2.8m	£3.2m
Current assets	£6.4m	£7.8m
Debtors	£3.6m	£4.1m
Cash from operations	£2.6m	£801k
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023

Derived from the latest filing

How the business works

Profit margin: 8.8%; Profit ÷ revenue.
Gross margin: 43.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £108k; Revenue ÷ average employees.
Profit per employee: £9.5k; Profit ÷ average employees.
Cash conversion: 24.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 14.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲38%; Now £7.3m
Cash at bank: ▼68%; Now £358k
Headcount: ▲8%; Now 212
Deferred income: —; Now —
Fixed assets: ▲16%; Now £3.2m

Corporate ownership

Group structure

Ownership chain

Proper Cornish Holdings Limitedultimate parent75–100%
Proper Cornish Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2022 (profit £2m), from the Companies House accounts bulk data published Oct 2023. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.