Highstar Designs Limited

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highstar designs limited Company Information

Company Number

02171074

Next Accounts

99 days late

Directors

Yogeshwar Morzaria

Surbhi Morzaria

Shareholders

mr yogeshwar purshottam morzaria

mrs surbhi y. morzaria

Group Structure

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Industry

Computer consultancy activities

Registered Address

22 crescent road, bishop's stortford, herts, CM23 5JU

Website

highstar designs limited Estimated Valuation

£33k

Pomanda estimates the enterprise value of HIGHSTAR DESIGNS LIMITED at £33k based on a Turnover of £64.5k and 0.51x industry multiple (adjusted for size and gross margin).

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Highstar Designs Limited is a live company located in herts, CM23 5JU with a Companies House number of 02171074. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 1987, it's largest shareholder is mr yogeshwar purshottam morzaria with a 60% stake. Highstar Designs Limited is a mature, micro sized company, Pomanda has estimated its turnover at £64.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Highstar Designs Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £64.5k, make it smaller than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (5.3%)

EXPORT

Highstar Designs Limited's latest turnover from March 2023 is estimated at £64.5 thousand and the company has net assets of £522. According to their latest financial statements, Highstar Designs Limited has 2 employees and maintains cash reserves of 0 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	64,531	105,427	89,899	84,885	49,759	30,342	68,225	41,562	48,027	33,731	72,062	78,314	98,443	68,228
Other Income Or Grants
Cost Of Sales	48,207	77,695	66,602	61,108	35,956	21,682	48,045	28,762	33,448	23,035	47,445	51,638	65,716	44,073
Gross Profit	16,324	27,731	23,297	23,777	13,802	8,660	20,180	12,801	14,579	10,696	24,617	26,677	32,727	24,155
Admin Expenses	17,094	27,771	27,171	18,642	12,990	9,364	19,139	12,651	16,557	9,011	25,961	26,023	31,088	23,762
Operating Profit	-770	-40	-3,874	5,135	812	-704	1,041	150	-1,978	1,685	-1,344	654	1,639	393
Interest Payable
Interest Receivable							22	63	68	57	13	12	14	8
Pre-Tax Profit	-770	-40	-3,874	5,135	812	-704	1,064	213	-1,910	1,742	-1,331	666	1,653	401
Tax				-976	-154		-213	-42		-401		-173	-463	-112
Profit After Tax	-770	-40	-3,874	4,159	658	-704	851	170	-1,910	1,341	-1,331	493	1,190	289
Dividends Paid
Retained Profit	-770	-40	-3,874	4,159	658	-704	851	170	-1,910	1,341	-1,331	493	1,190	289
Employee Costs	112,269	103,067	96,037	96,379	53,458	52,716	55,285	57,517	57,707	55,947	54,071	53,848	52,130	53,627
Number Of Employees	2	2	2	2	1	1	1	1	1	1	1	1	1	1
EBITDA*	-770	-40	-3,874	5,135	812	-704	1,041	180	-1,938	1,736	-1,276	744	1,757	550

* 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	540	718	957	36	46	59	77	99	129	169	220	288	378	496
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	540	718	957	36	46	59	77	99	129	169	220	288	378	496
Stock & work in progress
Trade Debtors	9,812	31,645	26,059	24,384	19,361	12,587	23,248	9,684	12,165	6,769	18,920	20,154	25,860	17,270
Group Debtors
Misc Debtors
Cash								17,901	7,149	19,921	2,717	2,557	2,374	3,232
misc current assets
total current assets	9,812	31,645	26,059	24,384	19,361	12,587	23,248	27,585	19,314	26,690	21,637	22,711	28,234	20,502
total assets	10,352	32,363	27,016	24,420	19,407	12,646	23,325	27,684	19,443	26,859	21,857	22,999	28,612	20,998
Bank overdraft
Bank loan
Trade Creditors	9,830	31,071	25,684	19,214	18,360	12,257	22,232	27,342	19,271	24,777	21,116	20,927	27,033	20,609
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	9,830	31,071	25,684	19,214	18,360	12,257	22,232	27,342	19,271	24,777	21,116	20,927	27,033	20,609
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	9,830	31,071	25,684	19,214	18,360	12,257	22,232	27,342	19,271	24,777	21,116	20,927	27,033	20,609
net assets	522	1,292	1,332	5,206	1,047	389	1,093	342	172	2,082	741	2,072	1,579	389
total shareholders funds	522	1,292	1,332	5,206	1,047	389	1,093	342	172	2,082	741	2,072	1,579	389

	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	-770	-40	-3,874	5,135	812	-704	1,041	150	-1,978	1,685	-1,344	654	1,639	393
Depreciation								30	40	51	68	90	118	157
Amortisation
Tax				-976	-154		-213	-42		-401		-173	-463	-112
Stock
Debtors	-21,833	5,586	1,675	5,023	6,774	-10,661	13,564	-2,481	5,396	-12,151	-1,234	-5,706	8,590	17,270
Creditors	-21,241	5,387	6,470	854	6,103	-9,975	-5,110	8,071	-5,506	3,661	189	-6,106	6,424	20,609
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations	-178	-239	921	-10	-13	-18	-17,846	10,690	-12,840	17,147	147	171	-872	3,777
Investing Activities
capital expenditure	178	239	-921	10	13	18	22							-653
Change in Investments
cash flow from investments	178	239	-921	10	13	18	22							-653
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue							-100							100
interest							22	63	68	57	13	12	14	8
cash flow from financing							-78	63	68	57	13	12	14	108
cash and cash equivalents
cash							-17,901	10,752	-12,772	17,204	160	183	-858	3,232
overdraft
change in cash							-17,901	10,752	-12,772	17,204	160	183	-858	3,232

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HIGHSTAR DESIGNS LIMITED group structure

Highstar Designs Limited has no subsidiary companies.

Ultimate parent company

HIGHSTAR DESIGNS LIMITED

02171074

HIGHSTAR DESIGNS LIMITED Shareholders

mr yogeshwar purshottam morzaria	60%
mrs surbhi y. morzaria	40%

Highstar Designs Limited currently has 2 directors. The longest serving directors include Mr Yogeshwar Morzaria (Jun 1991) and Mrs Surbhi Morzaria (Jun 1991).

officer	country	age	start	end	role
Mr Yogeshwar Morzaria		68 years	Jun 1991	-	Director
Mrs Surbhi Morzaria		66 years	Jun 1991	-	Director

P&L

March 2023

turnover

64.5k

-39%

operating profit

-770

gross margin

25.3%

-3.83%

turnover

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

Balance Sheet

March 2023

net assets

522

-0.6%

total assets

10.4k

-0.68%

cash

net assets

Total assets minus all liabilities

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company number

02171074

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

September 1987

ultimate parent company

None

previous names

N/A

address

22 crescent road, bishop's stortford, herts, CM23 5JU

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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highstar designs limited Company Information

highstar designs limited Estimated Valuation

highstar designs limited Estimated Valuation

highstar designs limited Estimated Valuation

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