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Cornerstone Chemical Company Limited

07879780

active
Private Limited Company
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

C/O SQUARE ONE LAW, ANSON HOUSE, NEWCASTLE UPON TYNE, NE2 3AE
Incorporated 13/12/2011

Compliance

Last accounts

31/12/2023

full

Next accounts due

30/09/2025

Overdue

Confirmation statement

Last: 21/11/2025

Due 05/12/2026

On track

Industry

20140
Manufacture of other organic basic chemicals

Officers

Mr Thomas Blaser

director · Since 17/06/2021

COMPANY DIRECTOR

AMERICAN · UNITED STATES · Age 64

Persons with Significant Control

Cornerstone Chemical Company Incorporated

75–100% shares

10800, River Road, Waggaman

Reg: 4898739 · Delaware · Company Limited By Shares

Notified 13/12/2016

Charges1 outstanding

Charge
outstanding

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Created 08/11/2024Registered 11/11/2024
Charge
satisfied

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Created 24/09/2018Registered 02/10/2018Satisfied 12/11/2024
Charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 31/05/2016Registered 01/06/2016Satisfied 12/11/2024

CompanyRankvs 11+ SIC 20140 peers
78

Financial strength98th percentile among SIC peers · 25/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 2.24× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2021

Turnover

£46.3M

Annual revenue

Net Worth

£8.5M

Balance sheet strength

Cash

£940k

Cash in the bank

Profit Before Tax

£1.3M

Bottom line earnings

Net Current Assets

£15.7M

Working capital

Current Assets

£15.7M

Current Liabilities

£7.0M

Fixed Assets

£0

Debtors

£13.6M

Cost of Sales

£42.3M

Gross Profit

£4.0M

Admin Expenses

£2.9M

Operating Profit

£1.1M

6avg. employees

Balance Sheet

Intangible assets£0
Assets less current liabilities£15.7M
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20212.24

Derived from filed accounts. Not audited figures.