Company Overview
Cornerstone Garage Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 03 September 2003, so this is a well established company. Cornerstone Garage Limited has been in business for 22 years and 6 months. The accounts status is unaudited abridged and the accounts are next due on Tuesday 30 June 2026.
Registered Address

Unit 26 Mountbatten Road, Tiverton, Devon, EX16 6SW
Credit Reports Available

These credit rating reports are available now:


Credit Analysts Report
Get Report >>

Standard Credit Report
Get Report >>

Basic Credit Report
Get Report >>

24/7 credit rating data feed - no UK company credit reports are updated faster

Companies House Data
Company NameCORNERSTONE GARAGE LIMITED
Company Number04886698
Registered Office AddressUnit 26 Mountbatten Road
 EX16 6SW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date03/09/2003
Accounting Reference Date Day30
Accounting Reference Date Month9
Accounts Next Due Date30/06/2026
Accounts Last Made Up Date30/09/2024
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date01/10/2016
Returns Last Made Up Date03/09/2015
Directors & Members
Show Resigned
Paul Gallaway - Director
(British, 52 years old, born April 1974)
Appointed 06 September 2003
 Active
Secretaries
Show Resigned
Jill Gallaway - Secretary
(British)
Appointed 04 October 2004
 Active
Other Company Directorships
Paul Gallaway
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Sep-2024 30-Sep-2022 30-Sep-2021
Balance Sheet
Fixed Assets 61,409 61,409 69,509
Current Assets 144,313 144,313 157,445
Creditors Due Within One Year 119,231 119,231 127,424
Working Cap 25,082 25,082 30,021
Total Assets Less Current Liabilities 86,491 86,491 99,530
Long-term Liabilities 8,279 8,279 9,860
Net Assets 78,212 78,212 89,670
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 78,212 78,212 89,670
Common Size Financial Analysis Unlock full report
Accounts Date 30-Sep-2024 30-Sep-2022 30-Sep-2021
Tangible Fixed Assets - - -
Fixed Assets 29.9% 29.9% 30.6%
Stocks Inventory - - -
Debtors 11.7% 11.7% 14.0%
Cash Bank In Hand 51.2% 51.2% 48.2%
Current Assets 70.1% 70.1% 69.4%
Creditors Due Within One Year 58.0% 58.0% 56.1%
Net Current Assets Liabilities 12.2% 12.2% 13.2%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 38.0% 38.0% 39.5%
Capital Employed - - -
Total Assets Less Current Liabilities 42.0% 42.0% 43.9%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Sep-2024 30-Sep-2022 30-Sep-2021
Liquidity Ratio 1.2 1.2 1.2
Solvency Ratio 1.6 1.6 1.7
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Sep-2024 30-Sep-2022 30-Sep-2021
Assets 205,722 205,722 226,954
Debt 127,510 127,510 137,284
Net Assets/Debt 78,212 78,212 89,670

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around EX16 6SW
MAYFIELD LABORATORIES LIMITED
UNIT 27 MOUNTBATTEN ROAD, KENNEDY WAY, TIVERTON, DEVON, EX16 6SW
NATURAL LOOKS TRADING LIMITED
UNIT 27 MOUNTBATTEN ROAD, KENNEDY WAY, TIVERTON, DEVON, EX16 6SW
TIVERTON MOTORCYCLES LTD
Unit 17 Mountbatten Road, Tiverton, Devon, EX16 6SW
KAP ENGINEERING & FABRICATION LIMITED
UNIT 28-29 MOUNTBATTEN ROAD, TIVERTON, DEVON, EX16 6SW
HEARTY HOMEMADE MEALS LTD
Unit 21 Mountbatten Rd Tiverton, Mountbatten Road, Tiverton, EX16 6SW
TIVVY TYRES LIMITED
Unit 15 Mountbatten Road, Tiverton, Devon, EX16 6SW
MORE THAN FIRES LIMITED
32 Mountbatten Road, Tiverton, Devon, EX16 6SW
LAMIEA LTD
UNIT 27 MOUNTBATTEN ROAD, KENNEDY WAY, TIVERTON, DEVON, EX16 6SW
Document Filings
Confirmation statement made on 3 September 2025 with updates
Confirmation statement made on 3 September 2024 with updates
Confirmation statement made on 3 September 2023 with updates
Confirmation statement made on 3 September 2022 with updates
Confirmation statement made on 3 September 2021 with updates
Confirmation statement made on 3 September 2020 with updates
Confirmation statement made on 3 September 2019 with updates
Registered office address changed from 29 - 31 Leat Street Tiverton Devon EX16 5LG to Unit 26 Mountbatten Road Tiverton Devon EX16 6SW on 30 October 2018
Confirmation statement made on 3 September 2018 with updates
Confirmation statement made on 3 September 2017 with updates
Confirmation statement made on 3 September 2016 with updates
Director's details changed for Mr Paul Stuart Gallaway on 5 April 2016
Annual return made up to 3 September 2015 with full list of shareholders
Terms and Conditions Cancellations Contact Us

In using this service you agree to the Terms and Conditions

© 2026 Check Free