startin group limited Company Information
Company Number
00543964
Registered Address
far moor lane coventry highway, redditch, worcestershire, B98 0SD
Industry
Sale of new cars and light motor vehicles
Telephone
08435152839
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
freeman junior ltd 100%
startin group limited Estimated Valuation
Pomanda estimates the enterprise value of STARTIN GROUP LIMITED at £4.8m based on a Turnover of £16.9m and 0.29x industry multiple (adjusted for size and gross margin).
startin group limited Estimated Valuation
Pomanda estimates the enterprise value of STARTIN GROUP LIMITED at £413.1k based on an EBITDA of £97.6k and a 4.23x industry multiple (adjusted for size and gross margin).
startin group limited Estimated Valuation
Pomanda estimates the enterprise value of STARTIN GROUP LIMITED at £1.1m based on Net Assets of £440.1k and 2.46x industry multiple (adjusted for liquidity).
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Startin Group Limited Overview
Startin Group Limited is a live company located in worcestershire, B98 0SD with a Companies House number of 00543964. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in January 1955, it's largest shareholder is freeman junior ltd with a 100% stake. Startin Group Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.9m with high growth in recent years.
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Startin Group Limited Health Check
Pomanda's financial health check has awarded Startin Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
5 Weak
Size
annual sales of £16.9m, make it smaller than the average company (£53.3m)
- Startin Group Limited
£53.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (2.1%)
- Startin Group Limited
2.1% - Industry AVG
Production
with a gross margin of 10.3%, this company has a comparable cost of product (10.3%)
- Startin Group Limited
10.3% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (2.5%)
- Startin Group Limited
2.5% - Industry AVG
Employees
with 32 employees, this is below the industry average (90)
32 - Startin Group Limited
90 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)
- Startin Group Limited
£36.4k - Industry AVG
Efficiency
resulting in sales per employee of £527.8k, this is equally as efficient (£594.9k)
- Startin Group Limited
£594.9k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is near the average (5 days)
- Startin Group Limited
5 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is slower than average (28 days)
- Startin Group Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 47 days, this is in line with average (53 days)
- Startin Group Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (5 weeks)
1 weeks - Startin Group Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.3%, this is a higher level of debt than the average (68.7%)
87.3% - Startin Group Limited
68.7% - Industry AVG
startin group limited Credit Report and Business Information
Startin Group Limited Competitor Analysis
Perform a competitor analysis for startin group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
startin group limited Ownership
STARTIN GROUP LIMITED group structure
Startin Group Limited has no subsidiary companies.
Ultimate parent company
2 parents
STARTIN GROUP LIMITED
00543964
startin group limited directors
Startin Group Limited currently has 3 directors. The longest serving directors include Mr Gerald Freeman (May 1991) and Mr Benjamin Winslow (Dec 2012).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Gerald Freeman | 67 years | May 1991 | - | Director | |
Mr Benjamin Winslow | 49 years | Dec 2012 | - | Director | |
Mr Timothy Freeman | 35 years | Jul 2016 | - | Director |
STARTIN GROUP LIMITED financials
Startin Group Limited's latest turnover from December 2022 is estimated at £16.9 million and the company has net assets of £440.1 thousand. According to their latest financial statements, Startin Group Limited has 32 employees and maintains cash reserves of £51.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | 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 | 8,673,052 | 11,314,586 | 35,418,146 | 33,763,699 | ||||||||||
Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||||||
Cost Of Sales | 7,545,324 | 10,100,496 | 31,229,851 | 29,547,519 | ||||||||||
Gross Profit | 1,127,728 | 1,214,090 | 4,188,295 | 4,216,180 | ||||||||||
Admin Expenses | 1,055,797 | 1,335,507 | 3,971,844 | 3,754,856 | ||||||||||
Operating Profit | 71,931 | -121,417 | 216,451 | 461,324 | ||||||||||
Interest Payable | 900 | 1,150 | 3,980 | 15,412 | ||||||||||
Interest Receivable | 4 | 16 | 11 | 94 | ||||||||||
Pre-Tax Profit | -336,053 | -972,551 | 212,482 | 446,006 | ||||||||||
Tax | -7,842 | 16,946 | -40,886 | -125,974 | ||||||||||
Profit After Tax | -343,895 | -955,605 | 171,596 | 320,032 | ||||||||||
Dividends Paid | 0 | 0 | 2,145,000 | 65,100 | ||||||||||
Retained Profit | -343,895 | -955,605 | -1,973,404 | 254,932 | ||||||||||
Employee Costs | 500,358 | 641,724 | 2,157,594 | 2,194,658 | ||||||||||
Number Of Employees | 32 | 26 | 26 | 27 | 27 | 26 | 27 | 26 | 22 | 27 | 100 | 92 | ||
EBITDA* | 100,364 | -93,786 | 299,894 | 574,673 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | 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 | 737,012 | 772,964 | 699,383 | 736,551 | 763,864 | 660,374 | 115,508 | 130,116 | 82,223 | 59,772 | 65,339 | 76,914 | 226,156 | 2,455,122 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 737,012 | 772,964 | 699,383 | 736,551 | 763,864 | 660,374 | 115,508 | 130,116 | 82,223 | 59,772 | 65,339 | 76,914 | 226,156 | 2,655,122 |
Stock & work in progress | 1,978,067 | 2,455,946 | 2,207,378 | 1,835,268 | 1,022,592 | 799,114 | 983,079 | 1,080,853 | 913,340 | 767,864 | 596,431 | 825,620 | 2,756,854 | 2,272,552 |
Trade Debtors | 289,200 | 144,438 | 34,737 | 60,080 | 8,395 | 164,893 | 184,860 | 167,690 | 154,539 | 124,052 | 76,736 | 28,226 | 611,341 | 317,406 |
Group Debtors | 300,225 | 168,195 | 73,487 | 235,276 | 0 | 68,204 | 0 | 0 | 0 | 0 | 0 | 485,437 | 32,561 | 0 |
Misc Debtors | 103,536 | 55,254 | 101,663 | 86,343 | 0 | 69,185 | 79,979 | 0 | 0 | 0 | 73,950 | 63,500 | 192,300 | 183,307 |
Cash | 51,234 | 216,875 | 522,561 | 114,081 | 267,030 | 252,345 | 221,713 | 1,411 | 130,521 | 12,730 | 1,289 | 12,014 | 20,719 | 15,948 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,722,262 | 3,040,708 | 2,939,826 | 2,331,048 | 1,368,565 | 1,353,741 | 1,469,631 | 1,249,954 | 1,198,400 | 904,646 | 748,406 | 1,414,797 | 3,613,775 | 2,789,213 |
total assets | 3,459,274 | 3,813,672 | 3,639,209 | 3,067,599 | 2,132,429 | 2,014,115 | 1,585,139 | 1,380,070 | 1,280,623 | 964,418 | 813,745 | 1,491,711 | 3,839,931 | 5,444,335 |
Bank overdraft | 0 | 0 | 0 | 0 | 81,333 | 32,000 | 0 | 33,892 | 0 | 0 | 92,416 | 479,195 | 508,620 | 60,000 |
Bank loan | 70,500 | 303,000 | 71,333 | 89,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,651,440 | 2,051,505 | 1,805,957 | 1,743,527 | 947,635 | 896,843 | 1,069,002 | 1,164,225 | 916,552 | 1,152,513 | 653,410 | 576,374 | 1,604,608 | 1,262,691 |
Group/Directors Accounts | 680,744 | 514,959 | 500,947 | 257,301 | 0 | 255,898 | 66,273 | 96,343 | 254,400 | 0 | 0 | 0 | 0 | 200,176 |
other short term finances | 0 | 0 | 0 | 0 | 140,803 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 9,807 | 9,807 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 227,109 | 272,399 | 268,930 | 196,865 | 0 | 98,096 | 366,879 | 126,618 | 141,943 | 0 | 192,251 | 156,579 | 431,535 | 592,896 |
total current liabilities | 2,629,793 | 3,141,863 | 2,647,167 | 2,287,360 | 1,304,293 | 1,292,644 | 1,511,961 | 1,421,078 | 1,312,895 | 1,152,513 | 938,077 | 1,212,148 | 2,544,763 | 2,115,763 |
loans | 282,000 | 108,750 | 411,750 | 336,000 | 0 | 448,000 | 0 | 0 | 0 | 0 | 210,000 | 270,000 | 330,000 | 390,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 817 | 10,624 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 107,404 | 111,429 | 70,760 | 74,898 | 0 | 52,509 | 19,441 | 22,807 | 14,931 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 389,404 | 220,179 | 482,510 | 410,898 | 502,200 | 501,326 | 30,065 | 22,807 | 14,931 | 0 | 210,000 | 270,000 | 330,000 | 390,000 |
total liabilities | 3,019,197 | 3,362,042 | 3,129,677 | 2,698,258 | 1,806,493 | 1,793,970 | 1,542,026 | 1,443,885 | 1,327,826 | 1,152,513 | 1,148,077 | 1,482,148 | 2,874,763 | 2,505,763 |
net assets | 440,077 | 451,630 | 509,532 | 369,341 | 325,936 | 220,145 | 43,113 | -63,815 | -47,203 | -188,095 | -334,332 | 9,563 | 965,168 | 2,938,572 |
total shareholders funds | 440,077 | 451,630 | 509,532 | 369,341 | 325,936 | 220,145 | 43,113 | -63,815 | -47,203 | -188,095 | -334,332 | 9,563 | 965,168 | 2,938,572 |
Dec 2022 | 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 | 71,931 | -121,417 | 216,451 | 461,324 | ||||||||||
Depreciation | 77,557 | 71,041 | 71,796 | 68,821 | 69,600 | 36,233 | 24,750 | 20,800 | 18,756 | 16,685 | 28,433 | 27,631 | 83,443 | 113,349 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | -7,842 | 16,946 | -40,886 | -125,974 | ||||||||||
Stock | -477,879 | 248,568 | 372,110 | 812,676 | 223,478 | -183,965 | -97,774 | 167,513 | 145,476 | 171,433 | -229,189 | -1,931,234 | 484,302 | 2,272,552 |
Debtors | 325,074 | 158,000 | -171,812 | 373,304 | -293,887 | 37,443 | 97,149 | 13,151 | 30,487 | -26,634 | -426,477 | -259,039 | 335,489 | 500,713 |
Creditors | -400,065 | 245,548 | 62,430 | 795,892 | 50,792 | -172,159 | -95,223 | 247,673 | -235,961 | 499,103 | 77,036 | -1,028,234 | 341,917 | 1,262,691 |
Accruals and Deferred Income | -45,290 | 3,469 | 72,065 | 196,865 | -98,096 | -268,783 | 240,261 | -15,325 | 141,943 | -192,251 | 35,672 | -274,956 | -161,361 | 592,896 |
Deferred Taxes & Provisions | -4,025 | 40,669 | -4,138 | 74,898 | -52,509 | 33,068 | -3,366 | 7,876 | 14,931 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 860,896 | 810,243 | -380,227 | -468,979 | ||||||||||
Investing Activities | ||||||||||||||
capital expenditure | -106,248 | -58,779 | ||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200,000 | 200,000 |
cash flow from investments | 93,752 | -258,779 | ||||||||||||
Financing Activities | ||||||||||||||
Bank loans | -232,500 | 231,667 | -18,334 | 89,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 165,785 | 14,012 | 243,646 | 257,301 | -255,898 | 189,625 | -30,070 | -158,057 | 254,400 | 0 | 0 | 0 | -200,176 | 200,176 |
Other Short Term Loans | 0 | 0 | 0 | -140,803 | 140,803 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 173,250 | -303,000 | 75,750 | 336,000 | -448,000 | 448,000 | 0 | 0 | 0 | -210,000 | -60,000 | -60,000 | -60,000 | 390,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -10,624 | -9,807 | 20,431 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -896 | -1,134 | -3,969 | -15,318 | ||||||||||
cash flow from financing | -60,896 | -61,134 | -264,145 | 3,258,498 | ||||||||||
cash and cash equivalents | ||||||||||||||
cash | -165,641 | -305,686 | 408,480 | -152,949 | 14,685 | 30,632 | 220,302 | -129,110 | 117,791 | 11,441 | -10,725 | -8,705 | 4,771 | 15,948 |
overdraft | 0 | 0 | 0 | -81,333 | 49,333 | 32,000 | -33,892 | 33,892 | 0 | -92,416 | -386,779 | -29,425 | 448,620 | 60,000 |
change in cash | -165,641 | -305,686 | 408,480 | -71,616 | -34,648 | -1,368 | 254,194 | -163,002 | 117,791 | 103,857 | 376,054 | 20,720 | -443,849 | -44,052 |
P&L
December 2022turnover
16.9m
+19%
operating profit
20.1k
0%
gross margin
10.4%
+6.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
440.1k
-0.03%
total assets
3.5m
-0.09%
cash
51.2k
-0.76%
net assets
Total assets minus all liabilities
startin group limited company details
company number
00543964
Type
Private limited with Share Capital
industry
45111 - Sale of new cars and light motor vehicles
incorporation date
January 1955
age
69
accounts
Small Company
ultimate parent company
previous names
startin facilities limited (December 1993)
incorporated
UK
address
far moor lane coventry highway, redditch, worcestershire, B98 0SD
last accounts submitted
December 2022
startin group limited 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 13 charges/mortgages relating to startin group limited. Currently there are 2 open charges and 11 have been satisfied in the past.
startin group limited Companies House Filings - See Documents
date | description | view/download |
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