startin group limited

3

startin group limited Company Information

Share STARTIN GROUP LIMITED
Live 
MatureMidHigh

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

Directors

Gerald Freeman32 Years

Benjamin Winslow11 Years

View All

Shareholders

freeman junior ltd 100%

startin group limited Estimated Valuation

£4.8m

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

£413.1k

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

£1.1m

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).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

Startin Group Limited AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

View Sample

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.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

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

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

5 Regular

positive_score

5 Weak

size

Size

annual sales of £16.9m, make it smaller than the average company (£53.3m)

£16.9m - Startin Group Limited

£53.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (2.1%)

17% - Startin Group Limited

2.1% - Industry AVG

production

Production

with a gross margin of 10.3%, this company has a comparable cost of product (10.3%)

10.3% - Startin Group Limited

10.3% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (2.5%)

0.1% - Startin Group Limited

2.5% - Industry AVG

employees

Employees

with 32 employees, this is below the industry average (90)

32 - Startin Group Limited

90 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)

£36.4k - Startin Group Limited

£36.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £527.8k, this is equally as efficient (£594.9k)

£527.8k - Startin Group Limited

£594.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is near the average (5 days)

6 days - Startin Group Limited

5 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is slower than average (28 days)

39 days - Startin Group Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 47 days, this is in line with average (53 days)

47 days - Startin Group Limited

53 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for startin group limited. Get real-time insights into startin group limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Startin Group Limited Competitor Analysis

BETA
competitor_analysis_table_img

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 Shareholders

freeman junior ltd 100%

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).

officercountryagestartendrole
Mr Gerald Freeman67 years May 1991- Director
Mr Benjamin Winslow49 years Dec 2012- Director
Mr Timothy Freeman35 years Jul 2016- Director

STARTIN GROUP LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover16,888,58414,213,23510,746,39110,627,0977,393,6508,192,9859,109,0199,157,6157,169,5487,222,4998,673,05211,314,58635,418,14633,763,699
Other Income Or Grants00000000000000
Cost Of Sales15,143,21412,840,2869,748,7339,634,0886,687,3317,402,5268,211,3978,240,1216,425,7416,451,1177,545,32410,100,49631,229,85129,547,519
Gross Profit1,745,3701,372,949997,658993,010706,320790,459897,622917,494743,808771,3821,127,7281,214,0904,188,2954,216,180
Admin Expenses1,725,3131,403,812797,184918,989553,964557,486763,182933,334565,822571,6701,055,7971,335,5073,971,8443,754,856
Operating Profit20,057-30,863200,47474,021152,356232,973134,440-15,840177,986199,71271,931-121,417216,451461,324
Interest Payable36,30227,96427,71721,86323,69715,6001,0591,10109,8299001,1503,98015,412
Interest Receivable4,6929243181,4291,9481,185279330358354161194
Pre-Tax Profit-11,553-57,902173,07553,586130,606218,558133,660-16,612178,344189,918-336,053-972,551212,482446,006
Tax00-32,884-10,181-24,815-41,526-26,7320-37,452-43,681-7,84216,946-40,886-125,974
Profit After Tax-11,553-57,902140,19143,405105,791177,032106,928-16,612140,892146,237-343,895-955,605171,596320,032
Dividends Paid0000000000002,145,00065,100
Retained Profit-11,553-57,902140,19143,405105,791177,032106,928-16,612140,892146,237-343,895-955,605-1,973,404254,932
Employee Costs1,165,932869,435830,783847,715824,974778,997786,658738,596475,988518,909500,358641,7242,157,5942,194,658
Number Of Employees32262627272627261719222710092
EBITDA*97,61440,178272,270142,842221,956269,206159,1904,960196,742216,397100,364-93,786299,894574,673

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets737,012772,964699,383736,551763,864660,374115,508130,11682,22359,77265,33976,914226,1562,455,122
Intangible Assets00000000000000
Investments & Other0000000000000200,000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets737,012772,964699,383736,551763,864660,374115,508130,11682,22359,77265,33976,914226,1562,655,122
Stock & work in progress1,978,0672,455,9462,207,3781,835,2681,022,592799,114983,0791,080,853913,340767,864596,431825,6202,756,8542,272,552
Trade Debtors289,200144,43834,73760,0808,395164,893184,860167,690154,539124,05276,73628,226611,341317,406
Group Debtors300,225168,19573,487235,276068,20400000485,43732,5610
Misc Debtors103,53655,254101,66386,343069,18579,97900073,95063,500192,300183,307
Cash51,234216,875522,561114,081267,030252,345221,7131,411130,52112,7301,28912,01420,71915,948
misc current assets00000000000000
total current assets2,722,2623,040,7082,939,8262,331,0481,368,5651,353,7411,469,6311,249,9541,198,400904,646748,4061,414,7973,613,7752,789,213
total assets3,459,2743,813,6723,639,2093,067,5992,132,4292,014,1151,585,1391,380,0701,280,623964,418813,7451,491,7113,839,9315,444,335
Bank overdraft000081,33332,000033,8920092,416479,195508,62060,000
Bank loan70,500303,00071,33389,6670000000000
Trade Creditors 1,651,4402,051,5051,805,9571,743,527947,635896,8431,069,0021,164,225916,5521,152,513653,410576,3741,604,6081,262,691
Group/Directors Accounts680,744514,959500,947257,3010255,89866,27396,343254,4000000200,176
other short term finances0000140,803000000000
hp & lease commitments000009,8079,8070000000
other current liabilities227,109272,399268,930196,865098,096366,879126,618141,9430192,251156,579431,535592,896
total current liabilities2,629,7933,141,8632,647,1672,287,3601,304,2931,292,6441,511,9611,421,0781,312,8951,152,513938,0771,212,1482,544,7632,115,763
loans282,000108,750411,750336,0000448,0000000210,000270,000330,000390,000
hp & lease commitments0000081710,6240000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions107,404111,42970,76074,898052,50919,44122,80714,93100000
total long term liabilities389,404220,179482,510410,898502,200501,32630,06522,80714,9310210,000270,000330,000390,000
total liabilities3,019,1973,362,0423,129,6772,698,2581,806,4931,793,9701,542,0261,443,8851,327,8261,152,5131,148,0771,482,1482,874,7632,505,763
net assets440,077451,630509,532369,341325,936220,14543,113-63,815-47,203-188,095-334,3329,563965,1682,938,572
total shareholders funds440,077451,630509,532369,341325,936220,14543,113-63,815-47,203-188,095-334,3329,563965,1682,938,572
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit20,057-30,863200,47474,021152,356232,973134,440-15,840177,986199,71271,931-121,417216,451461,324
Depreciation77,55771,04171,79668,82169,60036,23324,75020,80018,75616,68528,43327,63183,443113,349
Amortisation00000000000000
Tax00-32,884-10,181-24,815-41,526-26,7320-37,452-43,681-7,84216,946-40,886-125,974
Stock-477,879248,568372,110812,676223,478-183,965-97,774167,513145,476171,433-229,189-1,931,234484,3022,272,552
Debtors325,074158,000-171,812373,304-293,88737,44397,14913,15130,487-26,634-426,477-259,039335,489500,713
Creditors-400,065245,54862,430795,89250,792-172,159-95,223247,673-235,961499,10377,036-1,028,234341,9171,262,691
Accruals and Deferred Income-45,2903,46972,065196,865-98,096-268,783240,261-15,325141,943-192,25135,672-274,956-161,361592,896
Deferred Taxes & Provisions-4,02540,669-4,13874,898-52,50933,068-3,3667,87614,93100000
Cash flow from operations-198,961-76,704169,44514,336167,737-33,672274,75564,520-95,760334,769860,896810,243-380,227-468,979
Investing Activities
capital expenditure-41,605-144,622-34,628-41,508-173,090-581,099-10,142-68,693-41,207-11,118-16,858121,611-106,248-58,779
Change in Investments000000000000-200,000200,000
cash flow from investments-41,605-144,622-34,628-41,508-173,090-581,099-10,142-68,693-41,207-11,118-16,858121,61193,752-258,779
Financing Activities
Bank loans-232,500231,667-18,33489,6670000000000
Group/Directors Accounts165,78514,012243,646257,301-255,898189,625-30,070-158,057254,400000-200,176200,176
Other Short Term Loans 000-140,803140,803000000000
Long term loans173,250-303,00075,750336,000-448,000448,000000-210,000-60,000-60,000-60,000390,000
Hire Purchase and Lease Commitments0000-10,624-9,80720,4310000000
other long term liabilities00000000000000
share issue00000000000002,683,640
interest-31,610-27,040-27,399-20,434-21,749-14,415-780-771358-9,794-896-1,134-3,969-15,318
cash flow from financing74,925-84,361273,663521,731-595,468613,403-10,419-158,828254,758-219,794-60,896-61,134-264,1453,258,498
cash and cash equivalents
cash-165,641-305,686408,480-152,94914,68530,632220,302-129,110117,79111,441-10,725-8,7054,77115,948
overdraft000-81,33349,33332,000-33,89233,8920-92,416-386,779-29,425448,62060,000
change in cash-165,641-305,686408,480-71,616-34,648-1,368254,194-163,002117,791103,857376,05420,720-443,849-44,052

P&L

December 2022

turnover

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 2022

net 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.

charges

startin group limited Companies House Filings - See Documents

datedescriptionview/download