staystrip group limited
staystrip group limited Company Information
Company Number
01481306
Website
www.staystrip.co.ukRegistered Address
11-16 eyre street, birmingham, B18 7AA
Industry
Other manufacturing n.e.c.
Telephone
01214550111
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
david myers 53.8%
david myers & john mcbride 26.6%
View Allstaystrip group limited Estimated Valuation
The estimated valuation range for staystrip group limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £258.2k to £3.9m
staystrip group limited Estimated Valuation
The estimated valuation range for staystrip group limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £258.2k to £3.9m
staystrip group limited Estimated Valuation
The estimated valuation range for staystrip group limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £258.2k to £3.9m
Get a detailed valuation report, edit figures and unlock valuation multiples.
Staystrip Group Limited AI Business Plan
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Staystrip Group Limited Overview
Staystrip Group Limited is a live company located in birmingham, B18 7AA with a Companies House number of 01481306. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in February 1980, it's largest shareholder is david myers with a 53.8% stake. Staystrip Group Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.1m with healthy growth in recent years.
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Staystrip Group Limited Health Check
Pomanda's financial health check has awarded Staystrip Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £6.1m, make it smaller than the average company (£13.5m)
£6.1m - Staystrip Group Limited
£13.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2.4%)
5% - Staystrip Group Limited
2.4% - Industry AVG
Production
with a gross margin of 19.6%, this company has a higher cost of product (29.5%)
19.6% - Staystrip Group Limited
29.5% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (6.2%)
-0.1% - Staystrip Group Limited
6.2% - Industry AVG
Employees
with 46 employees, this is below the industry average (72)
46 - Staystrip Group Limited
72 - Industry AVG
Pay Structure
on an average salary of £40.2k, the company has an equivalent pay structure (£40.2k)
- Staystrip Group Limited
£40.2k - Industry AVG
Efficiency
resulting in sales per employee of £133.2k, this is less efficient (£175.5k)
£133.2k - Staystrip Group Limited
£175.5k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is earlier than average (56 days)
43 days - Staystrip Group Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (42 days)
52 days - Staystrip Group Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 101 days, this is more than average (70 days)
101 days - Staystrip Group Limited
70 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Staystrip Group Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.3%, this is a higher level of debt than the average (49.9%)
56.3% - Staystrip Group Limited
49.9% - Industry AVG
staystrip group limited Credit Report and Business Information
Staystrip Group Limited Competitor Analysis
Perform a competitor analysis for staystrip group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
staystrip group limited Ownership
STAYSTRIP GROUP LIMITED group structure
Staystrip Group Limited has 3 subsidiary companies.
Ultimate parent company
STAYSTRIP GROUP LIMITED
01481306
3 subsidiaries
staystrip group limited directors
Staystrip Group Limited currently has 2 directors. The longest serving directors include Mr David Myers (Dec 1991) and Mr David Shorthouse (Oct 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Myers | 68 years | Dec 1991 | - | Director | |
| Mr David Shorthouse | 55 years | Oct 2009 | - | Director |
STAYSTRIP GROUP LIMITED financials
Staystrip Group Limited's latest turnover from December 2022 is £6.1 million and the company has net assets of £1.1 million. According to their latest financial statements, Staystrip Group Limited has 46 employees and maintains cash reserves of £51.6 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 | 6,124,981 | 6,010,327 | 3,677,217 | 5,219,642 | 5,494,521 | 5,233,633 | 4,530,213 | 4,536,424 | 5,184,117 | 5,110,682 | 5,504,760 | 6,361,099 | 5,746,960 | 4,752,971 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,924,276 | 4,500,487 | 2,951,011 | 4,029,611 | 4,254,740 | 3,821,079 | 3,062,593 | 3,212,755 | 3,807,485 | 3,789,608 | 4,280,742 | 4,906,734 | 4,183,033 | 3,621,000 |
| Gross Profit | 1,200,705 | 1,509,840 | 726,206 | 1,190,031 | 1,239,781 | 1,412,554 | 1,467,620 | 1,323,669 | 1,376,632 | 1,321,074 | 1,224,018 | 1,454,365 | 1,563,927 | 1,131,971 |
| Admin Expenses | 1,205,026 | 1,269,465 | 869,854 | 1,209,433 | 1,378,866 | 1,543,674 | 1,578,418 | 1,448,432 | 1,457,515 | 1,391,721 | 1,428,663 | 1,521,056 | 1,435,082 | 1,259,654 |
| Operating Profit | -4,321 | 240,375 | -143,648 | -19,402 | -139,085 | -131,120 | -110,798 | -124,763 | -80,883 | -70,647 | -204,645 | -66,691 | 128,845 | -127,683 |
| Interest Payable | 15,057 | 16,076 | 9,873 | 11,270 | 10,873 | 8,866 | 4,688 | 7,151 | 6,522 | 2,698 | 5,522 | 5,956 | 225 | 2,060 |
| Interest Receivable | 2,820 | 1,252 | 0 | 17,853 | 0 | 37 | 4 | 0 | 0 | 45 | 2,796 | 5,641 | 3,509 | 233 |
| Pre-Tax Profit | -16,474 | 225,615 | -153,521 | -12,750 | -149,889 | -139,815 | -115,410 | -131,822 | -87,162 | -72,343 | -194,275 | -90,058 | 106,729 | -93,126 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,117 | 0 | 16,396 | 6,966 | -23,362 | 15,916 |
| Profit After Tax | -16,474 | 225,615 | -153,521 | -12,750 | -149,889 | -139,815 | -115,410 | -131,822 | -86,045 | -72,343 | -177,879 | -83,092 | 83,367 | -77,210 |
| Dividends Paid | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Retained Profit | -16,504 | 225,585 | -153,551 | -12,780 | -149,919 | -139,845 | -115,440 | -131,852 | -86,075 | -72,373 | -177,909 | -83,122 | 83,337 | -77,240 |
| Employee Costs | 1,734,154 | 1,698,880 | 1,683,765 | 1,635,094 | 1,765,362 | 1,712,940 | 1,799,794 | 1,808,835 | 1,768,448 | 1,444,841 | ||||
| Number Of Employees | 46 | 46 | 46 | 47 | 49 | 48 | 47 | 48 | 49 | 48 | 50 | 50 | 50 | 52 |
| EBITDA* | 60,183 | 307,412 | -103,694 | 21,726 | -64,402 | -63,442 | -53,614 | -67,008 | -27,473 | -30,994 | -171,032 | -10,543 | 163,796 | -88,636 |
* 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 | 286,831 | 403,915 | 284,285 | 280,394 | 248,126 | 330,005 | 286,428 | 331,092 | 334,882 | 260,219 | 286,565 | 246,621 | 285,769 | 248,120 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 103 | 103 | 103 | 103 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 286,934 | 404,018 | 284,388 | 280,497 | 248,126 | 330,005 | 286,428 | 331,092 | 334,882 | 260,219 | 286,565 | 246,621 | 285,769 | 248,120 |
| Stock & work in progress | 1,374,769 | 1,663,278 | 926,575 | 1,028,718 | 1,063,811 | 1,104,078 | 1,179,907 | 1,133,896 | 1,256,988 | 1,222,347 | 1,359,382 | 1,681,299 | 1,484,422 | 1,209,027 |
| Trade Debtors | 727,658 | 993,474 | 825,287 | 915,695 | 1,025,294 | 1,004,944 | 907,597 | 878,501 | 952,484 | 980,675 | 861,305 | 1,173,283 | 1,134,391 | 1,177,528 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 99,075 | 101,725 | 124,356 | 116,119 | 168,848 | 92,450 | 120,541 | 110,706 | 128,105 | 119,370 | 100,718 | 120,609 | 183,921 | 37,835 |
| Cash | 51,644 | 57,743 | 49,087 | 30,686 | 1,249 | 149,053 | 71,576 | 149,446 | 5,412 | 69,512 | 41,295 | 212 | 201,133 | 13,511 |
| misc current assets | 5,192 | 4,885 | 4,278 | 5,004 | 5,016 | 6,122 | 2,664 | 5,974 | 651 | 312 | 5,068 | 4,748 | 3,668 | 229,866 |
| total current assets | 2,258,338 | 2,821,105 | 1,929,583 | 2,096,222 | 2,264,218 | 2,356,647 | 2,282,285 | 2,278,523 | 2,343,640 | 2,392,216 | 2,367,768 | 2,980,151 | 3,007,535 | 2,667,767 |
| total assets | 2,545,272 | 3,225,123 | 2,213,971 | 2,376,719 | 2,512,344 | 2,686,652 | 2,568,713 | 2,609,615 | 2,678,522 | 2,652,435 | 2,654,333 | 3,226,772 | 3,293,304 | 2,915,887 |
| Bank overdraft | 0 | 261,303 | 298,954 | 366,588 | 385,594 | 349,791 | 57,932 | 278,903 | 310,775 | 153,115 | 0 | 194,124 | 0 | 0 |
| Bank loan | 10,000 | 10,000 | 5,517 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 706,151 | 1,004,551 | 504,480 | 627,200 | 730,493 | 735,102 | 845,118 | 475,828 | 459,972 | 511,647 | 590,019 | 808,540 | 917,693 | 685,473 |
| Group/Directors Accounts | 102 | 102 | 102 | 102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,187 |
| hp & lease commitments | 41,620 | 36,729 | 11,523 | 12,955 | 18,436 | 24,818 | 2,449 | 795 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 614,000 | 630,277 | 431,128 | 304,228 | 302,983 | 269,208 | 295,645 | 372,995 | 300,968 | 294,791 | 299,059 | 280,944 | 348,063 | 230,278 |
| total current liabilities | 1,371,873 | 1,942,962 | 1,251,704 | 1,311,073 | 1,437,506 | 1,378,919 | 1,201,144 | 1,128,521 | 1,071,715 | 959,553 | 889,078 | 1,283,608 | 1,265,756 | 972,938 |
| loans | 24,167 | 34,167 | 44,483 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 36,731 | 118,989 | 14,364 | 8,675 | 5,087 | 88,063 | 8,054 | 6,139 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,262 | 0 |
| total long term liabilities | 60,898 | 153,156 | 58,847 | 8,675 | 5,087 | 88,063 | 8,054 | 6,139 | 0 | 0 | 0 | 0 | 1,262 | 0 |
| total liabilities | 1,432,771 | 2,096,118 | 1,310,551 | 1,319,748 | 1,442,593 | 1,466,982 | 1,209,198 | 1,134,660 | 1,071,715 | 959,553 | 889,078 | 1,283,608 | 1,267,018 | 972,938 |
| net assets | 1,112,501 | 1,129,005 | 903,420 | 1,056,971 | 1,069,751 | 1,219,670 | 1,359,515 | 1,474,955 | 1,606,807 | 1,692,882 | 1,765,255 | 1,943,164 | 2,026,286 | 1,942,949 |
| total shareholders funds | 1,112,501 | 1,129,005 | 903,420 | 1,056,971 | 1,069,751 | 1,219,670 | 1,359,515 | 1,474,955 | 1,606,807 | 1,692,882 | 1,765,255 | 1,943,164 | 2,026,286 | 1,942,949 |
| 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 | -4,321 | 240,375 | -143,648 | -19,402 | -139,085 | -131,120 | -110,798 | -124,763 | -80,883 | -70,647 | -204,645 | -66,691 | 128,845 | -127,683 |
| Depreciation | 64,504 | 67,037 | 39,954 | 41,128 | 74,683 | 67,678 | 57,184 | 57,755 | 53,410 | 39,653 | 33,613 | 56,148 | 34,951 | 39,047 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,117 | 0 | 16,396 | 6,966 | -23,362 | 15,916 |
| Stock | -288,509 | 736,703 | -102,143 | -35,093 | -40,267 | -75,829 | 46,011 | -123,092 | 34,641 | -137,035 | -321,917 | 196,877 | 275,395 | 1,209,027 |
| Debtors | -268,466 | 145,556 | -82,171 | -162,328 | 96,748 | 69,256 | 38,931 | -91,382 | -19,456 | 138,022 | -331,869 | -24,420 | 102,949 | 1,215,363 |
| Creditors | -298,400 | 500,071 | -122,720 | -103,293 | -4,609 | -110,016 | 369,290 | 15,856 | -51,675 | -78,372 | -218,521 | -109,153 | 232,220 | 685,473 |
| Accruals and Deferred Income | -16,277 | 199,149 | 126,900 | 1,245 | 33,775 | -26,437 | -77,350 | 72,027 | 6,177 | -4,268 | 18,115 | -67,119 | 117,785 | 230,278 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,262 | 1,262 | 0 |
| Cash flow from operations | 302,481 | 124,373 | 84,800 | 117,099 | -91,717 | -193,322 | 153,384 | 235,349 | -87,039 | -114,621 | 298,744 | -353,568 | 113,357 | -1,581,359 |
| Investing Activities | ||||||||||||||
| capital expenditure | 31,019 | -114,513 | 22,915 | 33,625 | -47,966 | -78,720 | -60,660 | -42,720 | 127,325 | 69,048 | ||||
| Change in Investments | 0 | 0 | 0 | 103 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 31,019 | -114,513 | 22,915 | 33,625 | -47,966 | -78,720 | -60,660 | -42,720 | 127,325 | 69,048 | ||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 4,483 | 5,517 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 102 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -57,187 | 57,187 |
| Long term loans | -10,000 | -10,316 | 44,483 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -77,367 | 129,831 | 4,257 | -1,893 | -89,358 | 102,378 | 3,569 | 6,934 | 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 | -12,237 | -14,824 | -9,873 | 6,583 | -10,873 | -8,829 | -4,684 | -7,151 | -6,522 | -2,653 | -2,726 | -315 | 3,284 | -1,827 |
| cash flow from financing | -99,604 | 109,174 | 44,384 | 4,792 | -100,231 | 93,549 | -1,115 | -217 | -6,522 | -2,653 | -2,726 | -315 | -53,903 | 2,075,549 |
| cash and cash equivalents | ||||||||||||||
| cash | -6,099 | 8,656 | 18,401 | 29,437 | -147,804 | 77,477 | -77,870 | 144,034 | -64,100 | 28,217 | 41,083 | -200,921 | 187,622 | 13,511 |
| overdraft | -261,303 | -37,651 | -67,634 | -19,006 | 35,803 | 291,859 | -220,971 | -31,872 | 157,660 | 153,115 | -194,124 | 194,124 | 0 | 0 |
| change in cash | 255,204 | 46,307 | 86,035 | 48,443 | -183,607 | -214,382 | 143,101 | 175,906 | -221,760 | -124,898 | 235,207 | -395,045 | 187,622 | 13,511 |
P&L
December 2022turnover
6.1m
+2%
operating profit
-4.3k
-102%
gross margin
19.7%
-21.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.1m
-0.01%
total assets
2.5m
-0.21%
cash
51.6k
-0.11%
net assets
Total assets minus all liabilities
Similar Companies
staystrip group limited company details
company number
01481306
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
February 1980
age
44
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
11-16 eyre street, birmingham, B18 7AA
last accounts submitted
December 2022
staystrip 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 8 charges/mortgages relating to staystrip group limited. Currently there are 1 open charges and 7 have been satisfied in the past.
staystrip group limited Companies House Filings - See Documents
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