Starlight Textiles Limited

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starlight textiles limited Company Information

Live

MatureSmallHealthy

Company Number

01922216

Next Accounts

Dec 2024

Industry

Wholesale of textiles

Directors

Lokeshwari Sharma

Deepak Sharma

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Shareholders

mohit sharma

esha marwaha

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Group Structure

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Contact

Registered Address

2-20 scrutton street, london, EC2A 4RJ

Website

starlight textiles limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of STARLIGHT TEXTILES LIMITED at £3m based on Net Assets of £2.1m and 1.4x industry multiple (adjusted for liquidity).

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Starlight Textiles Limited is a live company located in london, EC2A 4RJ with a Companies House number of 01922216. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in June 1985, it's largest shareholder is mohit sharma with a 25% stake. Starlight Textiles Limited is a mature, small sized company, Pomanda has estimated its turnover at £578k with healthy growth in recent years.

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Pomanda's financial health check has awarded Starlight Textiles Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £578k, make it smaller than the average company (£14.6m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.9%)

EXPORT

Starlight Textiles Limited's latest turnover from March 2023 is estimated at £578 thousand and the company has net assets of £2.1 million. According to their latest financial statements, Starlight Textiles Limited has 3 employees and maintains cash reserves of £96.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	577,979	349,108	290,311	486,932	73,198	70,529	73,002	70,018	1,124,956	1,096,330	934,789	1,053,243	632,739	429,224
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	404,068	249,410	212,090	357,741	54,837	52,684	54,463	52,076	832,224	823,949	714,029	795,176	478,957	320,204
Gross Profit	173,911	99,698	78,221	129,191	18,361	17,845	18,539	17,942	292,732	272,381	220,760	258,067	153,782	109,020
Admin Expenses	-75,917	-102,144	-88,514	-235,919	-254,007	-211,399	-196,296	-146,493	154,462	28,460	74,569	108,852	46,008	-335,472
Operating Profit	249,828	201,842	166,735	365,110	272,368	229,244	214,835	164,435	138,270	243,921	146,191	149,215	107,774	444,492
Interest Payable	146,166	101,283	95,360	98,621	115,710	117,989	118,121	89,837	71,176	97,360	103,996	104,966	54,299	0
Interest Receivable	3,608	1,020	190	129	292	0	0	0	0	0	0	0	298	298
Pre-Tax Profit	107,270	101,579	71,564	266,617	156,949	111,254	96,714	74,599	67,094	146,561	42,195	44,249	53,774	444,790
Tax	-20,381	-19,300	-13,597	-50,657	-29,820	-21,138	-19,343	-14,920	-14,090	-33,709	-10,127	-11,505	-15,057	-124,541
Profit After Tax	86,889	82,279	57,967	215,960	127,129	90,116	77,371	59,679	53,004	112,852	32,068	32,744	38,717	320,249
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	86,889	82,279	57,967	215,960	127,129	90,116	77,371	59,679	53,004	112,852	32,068	32,744	38,717	320,249
Employee Costs	125,834	116,376	109,354	104,444	34,966	34,043	34,372	34,911	131,384	127,741	96,644	131,039	86,722	57,418
Number Of Employees	3	3	3	3	1	1	1	1	4	4	3	4	3	2
EBITDA*	249,917	201,970	166,919	365,377	273,328	230,090	215,509	164,966	138,404	244,129	146,420	149,507	108,147	444,970

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	227	316	444	628	895	1,855	1,539	1,290	535	669	877	1,106	1,398	1,771
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	3,706,349	3,706,349	3,629,928	3,629,928	3,629,928	3,629,928	3,629,928	3,606,428	3,555,148	3,555,148	2,836,874	2,765,057	2,765,057	2,676,726
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,706,576	3,706,665	3,630,372	3,630,556	3,630,823	3,631,783	3,631,467	3,607,718	3,555,683	3,555,817	2,837,751	2,766,163	2,766,455	2,678,497
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	79,971	41,398	35,055	38,108	11,418	11,418	11,418	11,418	15,579	25,616	27,928	35,485	14,652	469
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	31,156	5,667	6,801	4,242	3,998	3,763	3,319	0	0	0	0	0	0
Cash	96,542	73,252	198,767	180,226	77,769	0	0	0	0	0	0	0	0	119,222
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	176,513	145,806	239,489	225,135	93,429	15,416	15,181	14,737	15,579	25,616	27,928	35,485	14,652	119,691
total assets	3,883,089	3,852,471	3,869,861	3,855,691	3,724,252	3,647,199	3,646,648	3,622,455	3,571,262	3,581,433	2,865,679	2,801,648	2,781,107	2,798,188
Bank overdraft	117,366	117,366	117,366	117,366	117,366	185,225	646,403	669,929	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	25,539	1,601	1,600	0	0	0	0	0	354,806	342,589	257,421	307,323	204,569	157,066
Group/Directors Accounts	178,981	192,938	0	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	59,070	59,275	268,954	271,704	291,949	211,348	229,588	204,668	0	0	0	0	0	0
total current liabilities	380,956	371,180	387,920	389,070	409,315	396,573	875,991	874,597	354,806	342,589	257,421	307,323	204,569	157,066
loans	1,275,617	1,341,664	1,424,593	1,467,240	1,531,516	1,594,334	1,204,481	1,259,053	835,222	1,354,811	1,640,874	1,558,998	1,670,725	0
hp & lease commitments	0	0	0	0	0	0	0	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	952,108	507,911	387,388	387,388	390,588	2,164,471
provisions	91,304	91,304	91,304	91,304	96,109	96,109	96,109	102,526	0	0	0	11	41	184
total long term liabilities	1,366,921	1,432,968	1,515,897	1,558,544	1,627,625	1,690,443	1,300,590	1,361,579	1,787,330	1,862,722	2,028,262	1,946,397	2,061,354	2,164,655
total liabilities	1,747,877	1,804,148	1,903,817	1,947,614	2,036,940	2,087,016	2,176,581	2,236,176	2,142,136	2,205,311	2,285,683	2,253,720	2,265,923	2,321,721
net assets	2,135,212	2,048,323	1,966,044	1,908,077	1,687,312	1,560,183	1,470,067	1,386,279	1,429,126	1,376,122	579,996	547,928	515,184	476,467
total shareholders funds	2,135,212	2,048,323	1,966,044	1,908,077	1,687,312	1,560,183	1,470,067	1,386,279	1,429,126	1,376,122	579,996	547,928	515,184	476,467

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	249,828	201,842	166,735	365,110	272,368	229,244	214,835	164,435	138,270	243,921	146,191	149,215	107,774	444,492
Depreciation	89	128	184	267	960	846	674	531	134	208	229	292	373	478
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-20,381	-19,300	-13,597	-50,657	-29,820	-21,138	-19,343	-14,920	-14,090	-33,709	-10,127	-11,505	-15,057	-124,541
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	7,417	31,832	-4,187	29,249	244	235	444	-842	-10,037	-2,312	-7,557	20,833	14,183	469
Creditors	23,938	1	1,600	0	0	0	0	-354,806	12,217	85,168	-49,902	102,754	47,503	157,066
Accruals and Deferred Income	-205	-209,679	-2,750	-20,245	80,601	-18,240	24,920	204,668	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-4,805	0	0	-6,417	102,526	0	0	-11	-30	-143	184
Cash flow from operations	245,852	-58,840	156,359	260,421	323,865	190,477	214,225	103,276	146,568	297,900	93,937	219,893	126,267	477,210
Investing Activities
capital expenditure	0	0	0	0	0	-1,162	-923	-1,286	0	0	0	0	0	-2,249
Change in Investments	0	76,421	0	0	0	0	23,500	51,280	0	718,274	71,817	0	88,331	2,676,726
cash flow from investments	0	-76,421	0	0	0	-1,162	-24,423	-52,566	0	-718,274	-71,817	0	-88,331	-2,678,975
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-13,957	192,938	0	0	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	0	0
Long term loans	-66,047	-82,929	-42,647	-64,276	-62,818	389,853	-54,572	423,831	-519,589	-286,063	81,876	-111,727	1,670,725	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-952,108	444,197	120,523	0	-3,200	-1,773,883	2,164,471
share issue	0	0	0	4,805	0	0	6,417	-102,526	0	683,274	0	0	0	156,218
interest	-142,558	-100,263	-95,170	-98,492	-115,418	-117,989	-118,121	-89,837	-71,176	-97,360	-103,996	-104,966	-54,001	298
cash flow from financing	-222,562	9,746	-137,817	-157,963	-178,236	271,864	-166,276	-720,640	-146,568	420,374	-22,120	-219,893	-157,159	2,320,987
cash and cash equivalents
cash	23,290	-125,515	18,541	102,457	77,769	0	0	0	0	0	0	0	-119,222	119,222
overdraft	0	0	0	0	-67,859	-461,178	-23,526	669,929	0	0	0	0	0	0
change in cash	23,290	-125,515	18,541	102,457	145,628	461,178	23,526	-669,929	0	0	0	0	-119,222	119,222

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STARLIGHT TEXTILES LIMITED group structure

Starlight Textiles Limited has no subsidiary companies.

Ultimate parent company

STARLIGHT TEXTILES LIMITED

01922216

STARLIGHT TEXTILES LIMITED Shareholders

mohit sharma	25%
esha marwaha	25%
lokeswari sharma	25%
deepak sharma	25%

Starlight Textiles Limited currently has 3 directors. The longest serving directors include Mrs Lokeshwari Sharma (Nov 1992) and Mr Deepak Sharma (Sep 2002).

officer	country	age	start	end	role
Mrs Lokeshwari Sharma	England	67 years	Nov 1992	-	Director
Mr Deepak Sharma	England	46 years	Sep 2002	-	Director
Mr Mohit Sharma	England	44 years	Sep 2002	-	Director

P&L

March 2023

turnover

578k

+66%

operating profit

249.8k

gross margin

30.1%

+5.36%

turnover

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

Balance Sheet

March 2023

net assets

2.1m

+0.04%

total assets

3.9m

+0.01%

cash

96.5k

+0.32%

net assets

Total assets minus all liabilities

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company number

01922216

Type

Private limited with Share Capital

industry

46410 - Wholesale of textiles

incorporation date

June 1985

ultimate parent company

None

previous names

N/A

address

2-20 scrutton street, london, EC2A 4RJ

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 11 charges/mortgages relating to starlight textiles limited. Currently there are 6 open charges and 5 have been satisfied in the past.

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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starlight textiles limited Company Information

starlight textiles limited Estimated Valuation

starlight textiles limited Estimated Valuation

starlight textiles limited Estimated Valuation

Starlight Textiles Limited Overview

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STARLIGHT TEXTILES LIMITED financials

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