Payne And Starnes (u.k.) Limited

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payne and starnes (u.k.) limited Company Information

Company Number

01104877

Next Accounts

Dec 2025

Directors

Joseph Payne

Terence Payne

Shareholders

joseph payne

Group Structure

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Industry

Non-specialised wholesale trade

Registered Address

unit 6 leighton industrial park, billington road, leighton buzzard, bedfordshire, LU7 4AJ

Website

www.payneandstarnes.co.uk

payne and starnes (u.k.) limited Estimated Valuation

£206k

Pomanda estimates the enterprise value of PAYNE AND STARNES (U.K.) LIMITED at £206k based on a Turnover of £604.9k and 0.34x industry multiple (adjusted for size and gross margin).

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Payne And Starnes (u.k.) Limited is a live company located in leighton buzzard, LU7 4AJ with a Companies House number of 01104877. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in March 1973, it's largest shareholder is joseph payne with a 100% stake. Payne And Starnes (u.k.) Limited is a mature, small sized company, Pomanda has estimated its turnover at £604.9k with low growth in recent years.

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Pomanda's financial health check has awarded Payne And Starnes (U.K.) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £604.9k, make it smaller than the average company (£15.4m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.9%)

EXPORT

Payne And Starnes (U.K.) Limited's latest turnover from March 2024 is estimated at £604.9 thousand and the company has net assets of £57 thousand. According to their latest financial statements, Payne And Starnes (U.K.) Limited has 4 employees and maintains cash reserves of £27.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	604,892	555,796	533,485	560,888	514,619	212,263	253,664	316,799	272,197	362,064	353,729	385,423	425,196	535,473	534,342
Other Income Or Grants
Cost Of Sales	439,331	402,809	385,164	409,357	373,425	155,481	186,899	230,104	195,320	259,664	255,193	277,181	305,029	386,323	382,590
Gross Profit	165,561	152,986	148,321	151,532	141,194	56,782	66,765	86,695	76,877	102,400	98,536	108,243	120,167	149,150	151,752
Admin Expenses	159,351	154,369	148,964	149,642	116,820	57,355	120,154	87,126	81,815	79,233	98,426	94,894	124,893	149,332	142,139	-68,973
Operating Profit	6,210	-1,383	-643	1,890	24,374	-573	-53,389	-431	-4,938	23,167	110	13,349	-4,726	-182	9,613	68,973
Interest Payable	4,167	4,366	3,219	1,525
Interest Receivable	1,569	1,649	404	40	27	329	206	85	87	101	55	110	145	121	138	91
Pre-Tax Profit	3,612	-4,099	-3,458	405	24,401	-244	-53,183	-346	-4,851	23,268	165	13,458	-4,581	-61	9,751	69,064
Tax	-903			-77	-4,636					-4,653	-35	-3,095			-2,730	-19,338
Profit After Tax	2,709	-4,099	-3,458	328	19,765	-244	-53,183	-346	-4,851	18,614	130	10,363	-4,581	-61	7,021	49,726
Dividends Paid
Retained Profit	2,709	-4,099	-3,458	328	19,765	-244	-53,183	-346	-4,851	18,614	130	10,363	-4,581	-61	7,021	49,726
Employee Costs	177,098	167,522	162,048	186,600	186,070	36,529	35,710	69,737	35,302	68,605	67,293	67,210	66,355	65,870	96,700
Number Of Employees	4	4	4	5	5	1	1	2	1	2	2	2	2	2	3
EBITDA*	7,002	-549	1,118	5,034	24,374	2,749	-50,963	-273	-4,703	23,516	900	13,985	-3,778	166	10,130	69,745

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,923	2,415	3,249	4,734	7,878	7,881	11,003	329	487	722	1,071	1,312	1,948	737	1,085	1,602
Intangible Assets		300
Investments & Other						2	2	2	2	2	2	2	2	2	2	2
Debtors (Due After 1 year)
Total Fixed Assets	1,923	2,715	3,249	4,734	7,878	7,883	11,005	331	489	724	1,073	1,314	1,950	739	1,087	1,604
Stock & work in progress	58,751	52,215	49,055	41,274	39,666	35,668	38,372	58,931	60,098	62,640	61,025	63,316	59,815	83,276	84,211	90,412
Trade Debtors	60,351	54,910	54,385	55,809	42,457	37,258	51,765	62,599	47,512	70,753	68,408	69,826	69,107	81,024	84,484	48,438
Group Debtors
Misc Debtors	1,618	4,378	2,103	1,247	3,469	2,329	3,254	3,654	4,802	1,549
Cash	27,675	32,086	45,533	62,257	16,899	36,911	50,873	31,692	36,085	33,637	6,583	15,250	28,701	29,480	18,818	36,375
misc current assets
total current assets	148,395	143,589	151,076	160,587	102,491	112,166	144,264	156,876	148,497	168,579	136,016	148,392	157,623	193,780	187,513	175,225
total assets	150,318	146,304	154,325	165,321	110,369	120,049	155,269	157,207	148,986	169,303	137,089	149,706	159,573	194,519	188,600	176,829
Bank overdraft	5,556	5,556	5,556	4,630
Bank loan
Trade Creditors	40,711	36,526	34,416	31,184	30,327	34,467	37,065	43,076	35,880	46,410	50,024	62,771	83,001	113,366	107,386	34,918
Group/Directors Accounts																67,718
other short term finances
hp & lease commitments
other current liabilities	18,380	10,372	10,848	22,322	13,222	18,927	51,305	13,649	12,278	17,214
total current liabilities	64,647	52,454	50,820	58,136	43,549	53,394	88,370	56,725	48,158	63,624	50,024	62,771	83,001	113,366	107,386	102,636
loans	28,704	34,259	39,815	45,370
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities	28,704	34,259	39,815	45,370
total liabilities	93,351	86,713	90,635	103,506	43,549	53,394	88,370	56,725	48,158	63,624	50,024	62,771	83,001	113,366	107,386	102,636
net assets	56,967	59,591	63,690	61,815	66,820	66,655	66,899	100,482	100,828	105,679	87,065	86,935	76,572	81,153	81,214	74,193
total shareholders funds	56,967	59,591	63,690	61,815	66,820	66,655	66,899	100,482	100,828	105,679	87,065	86,935	76,572	81,153	81,214	74,193

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	6,210	-1,383	-643	1,890	24,374	-573	-53,389	-431	-4,938	23,167	110	13,349	-4,726	-182	9,613	68,973
Depreciation	492	834	1,761	3,144		3,322	2,426	158	235	349	790	636	948	348	517	772
Amortisation	300
Tax	-903			-77	-4,636					-4,653	-35	-3,095			-2,730	-19,338
Stock	6,536	3,160	7,781	1,608	3,998	-2,704	-20,559	-1,167	-2,542	1,615	-2,291	3,501	-23,461	-935	-6,201	90,412
Debtors	2,681	2,800	-568	11,130	6,339	-15,432	-11,234	13,939	-19,988	3,894	-1,418	719	-11,917	-3,460	36,046	48,438
Creditors	4,185	2,110	3,232	857	-4,140	-2,598	-6,011	7,196	-10,530	-3,614	-12,747	-20,230	-30,365	5,980	72,468	34,918
Accruals and Deferred Income	8,008	-476	-11,474	9,100	-5,705	-32,378	37,656	1,371	-4,936	17,214
Deferred Taxes & Provisions
Cash flow from operations	9,075	-4,875	-14,337	2,176	-444	-14,091	12,475	-4,478	2,361	26,954	-8,173	-13,560	1,235	10,541	50,023	-53,525
Investing Activities
capital expenditure		-300	-276		3	-200	-13,100				-549		-2,159			-2,374
Change in Investments					-2											2
cash flow from investments		-300	-276		5	-200	-13,100				-549		-2,159			-2,376
Financing Activities
Bank loans
Group/Directors Accounts															-67,718	67,718
Other Short Term Loans
Long term loans	-5,555	-5,556	-5,555	45,370
Hire Purchase and Lease Commitments
other long term liabilities
share issue	-5,333		5,333	-5,333	-19,600		19,600									24,467
interest	-2,598	-2,717	-2,815	-1,485	27	329	206	85	87	101	55	110	145	121	138	91
cash flow from financing	-13,486	-8,273	-3,037	38,552	-19,573	329	19,806	85	87	101	55	110	145	121	-67,580	92,276
cash and cash equivalents
cash	-4,411	-13,447	-16,724	45,358	-20,012	-13,962	19,181	-4,393	2,448	27,054	-8,667	-13,451	-779	10,662	-17,557	36,375
overdraft			926	4,630
change in cash	-4,411	-13,447	-17,650	40,728	-20,012	-13,962	19,181	-4,393	2,448	27,054	-8,667	-13,451	-779	10,662	-17,557	36,375

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for payne and starnes (u.k.) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in LU7 area or any other competitors across 12 key performance metrics.

PAYNE AND STARNES (U.K.) LIMITED group structure

Payne And Starnes (U.K.) Limited has no subsidiary companies.

Ultimate parent company

PAYNE AND STARNES (U.K.) LIMITED

01104877

PAYNE AND STARNES (U.K.) LIMITED Shareholders

joseph payne

100%

Payne And Starnes (U.K.) Limited currently has 2 directors. The longest serving directors include Mr Joseph Payne (Jun 2021) and Mr Terence Payne (Jan 2024).

officer	country	age	start	end	role
Mr Joseph Payne	England	41 years	Jun 2021	-	Director
Mr Terence Payne	England	77 years	Jan 2024	-	Director

P&L

March 2024

turnover

604.9k

+9%

operating profit

6.2k

gross margin

27.4%

-0.56%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

57k

-0.04%

total assets

150.3k

+0.03%

cash

27.7k

-0.14%

net assets

Total assets minus all liabilities

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company number

01104877

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

March 1973

ultimate parent company

None

previous names

payne and starnes (holdings) limited (February 1987)

w.a. mills & son (ruislip) limited (December 1981)

address

unit 6 leighton industrial park, billington road, leighton buzzard, bedfordshire, LU7 4AJ

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.

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When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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payne and starnes (u.k.) limited Company Information

payne and starnes (u.k.) limited Estimated Valuation

payne and starnes (u.k.) limited Estimated Valuation

payne and starnes (u.k.) limited Estimated Valuation

Payne And Starnes (u.k.) Limited Overview

Payne And Starnes (u.k.) Limited Health Check

PAYNE AND STARNES (U.K.) LIMITED financials

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Payne And Starnes (u.k.) Limited Competitor Analysis

payne and starnes (u.k.) limited Ownership

payne and starnes (u.k.) limited directors

payne and starnes (u.k.) limited company details

payne and starnes (u.k.) limited Charges & Mortgages

payne and starnes (u.k.) limited Capital Raised & Share Issues BETA

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