storefast limited

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storefast limited Company Information

Share STOREFAST LIMITED

Company Number

02182787

Shareholders

trustee of the kirby 2012 settlement

john kirby

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Group Structure

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Industry

Operation of warehousing and storage facilities for land transport activities of division 49

 

Registered Address

orchard house courtyard v, springhead enterprise park, norhtfleet, kent, DA11 8HN

storefast limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of STOREFAST LIMITED at £2.7m based on a Turnover of £4.1m and 0.66x industry multiple (adjusted for size and gross margin).

storefast limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of STOREFAST LIMITED at £1.7m based on an EBITDA of £470.9k and a 3.68x industry multiple (adjusted for size and gross margin).

storefast limited Estimated Valuation

£16.8m

Pomanda estimates the enterprise value of STOREFAST LIMITED at £16.8m based on Net Assets of £7.6m and 2.2x industry multiple (adjusted for liquidity).

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Storefast Limited Overview

Storefast Limited is a live company located in norhtfleet, DA11 8HN with a Companies House number of 02182787. It operates in the operation of warehousing and storage facilities for land transport activities sector, SIC Code 52103. Founded in October 1987, it's largest shareholder is trustee of the kirby 2012 settlement with a 42% stake. Storefast Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.1m with declining growth in recent years.

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Storefast Limited Health Check

Pomanda's financial health check has awarded Storefast Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £4.1m, make it smaller than the average company (£9.2m)

£4.1m - Storefast Limited

£9.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (7.7%)

-1% - Storefast Limited

7.7% - Industry AVG

production

Production

with a gross margin of 37.5%, this company has a comparable cost of product (37.5%)

37.5% - Storefast Limited

37.5% - Industry AVG

profitability

Profitability

an operating margin of 9.7% make it more profitable than the average company (6.7%)

9.7% - Storefast Limited

6.7% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (52)

4 - Storefast Limited

52 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.3k, the company has an equivalent pay structure (£40.3k)

£40.3k - Storefast Limited

£40.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1m, this is more efficient (£148.3k)

£1m - Storefast Limited

£148.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 31 days, this is earlier than average (48 days)

31 days - Storefast Limited

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 61 days, this is slower than average (38 days)

61 days - Storefast Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 163 days, this is more than average (4 days)

163 days - Storefast Limited

4 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)

0 weeks - Storefast Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 48%, this is a lower level of debt than the average (55.8%)

48% - Storefast Limited

55.8% - Industry AVG

STOREFAST LIMITED financials

EXPORTms excel logo

Storefast Limited's latest turnover from March 2024 is estimated at £4.1 million and the company has net assets of £7.6 million. According to their latest financial statements, Storefast Limited has 4 employees and maintains cash reserves of £4.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover4,097,3603,490,1223,736,2344,264,1663,084,8482,161,7581,031,460833,1611,123,0193,960,7102,336,9771,720,3991,896,9501,819,3162,076,115
Other Income Or Grants000000000000000
Cost Of Sales2,559,1412,240,0212,426,6252,746,0732,066,7201,498,094676,198513,891729,6572,761,1341,591,2421,165,2091,246,5071,125,6271,351,231
Gross Profit1,538,2191,250,1011,309,6091,518,0931,018,128663,664355,262319,270393,3621,199,576745,735555,190650,444693,689724,883
Admin Expenses1,140,216622,740646,7961,038,817699,0751,346,394-1,824,338-613,694-1,927,8281,014,701436,977338,142409,789313,043416,902
Operating Profit398,003627,361662,813479,276319,053-682,7302,179,600932,9642,321,190184,875308,758217,048240,655380,646307,981
Interest Payable330,937304,522210,447199,062106,370106,892200,219180,46585,31390,123186,04995,92690,886187,18596,300
Interest Receivable2,2063,5071,3512582132,4972,1204611216167232
Pre-Tax Profit69,272326,346453,716280,473212,896-787,1251,981,500752,9602,235,88994,767122,725121,129149,772193,464211,683
Tax-17,318-62,006-86,206-53,290-40,4500-376,485-150,592-447,178-19,901-28,227-29,071-38,941-54,170-59,271
Profit After Tax51,954264,340367,510227,183172,446-787,1251,605,015602,3681,788,71174,86694,49892,058110,831139,294152,412
Dividends Paid000000000000000
Retained Profit51,954264,340367,510227,183172,446-787,1251,605,015602,3681,788,71174,86694,49892,058110,831139,294152,412
Employee Costs161,381152,617105,994175,531139,515171,177201,488191,837183,1521,093,136637,595464,883514,091504,426564,176
Number Of Employees443545666352115171719
EBITDA*470,855682,009715,880505,976335,651-666,5782,199,800957,6602,392,403242,977375,993300,609321,013478,070415,241

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets7,740,7796,407,5846,288,7525,913,1194,888,0209,270,0842,558,2751,924,0512,074,0786,081,2436,132,0656,181,1686,217,3076,286,7106,362,573
Intangible Assets000000000000000
Investments & Other4,870,0004,870,0004,870,0004,626,5004,391,31406,884,6135,089,2074,460,211000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets12,610,77911,277,58411,158,75210,539,6199,279,3349,270,0849,442,8887,013,2586,534,2896,081,2436,132,0656,181,1686,217,3076,286,7106,362,573
Stock & work in progress1,143,3141,127,9621,073,1171,054,489778,720575,284006,5006,5006,5006,5005,0002,00032,100
Trade Debtors351,056286,238301,389341,170239,062136,24879,95047,537135,333653,285327,168231,593289,362295,384280,303
Group Debtors000000000000000
Misc Debtors589,052602,414606,193827,623665,2580477,430639,509353,6530000064,013
Cash4,32079,71085,314274,957241,687184,892480,996366,8572,3292,3023,9272,344338356655
misc current assets000000000000000
total current assets2,087,7422,096,3242,066,0132,498,2391,924,7271,454,0171,038,3761,053,903497,815662,087337,595240,437294,700297,740377,071
total assets14,698,52113,373,90813,224,76513,037,85811,204,06110,724,10110,481,2648,067,1617,032,1046,743,3306,469,6606,421,6056,512,0076,584,4506,739,644
Bank overdraft304,885138,0680127,366124,226124,226110,471137,48648,298000000
Bank loan00127,33600000344,175000000
Trade Creditors 434,369317,709407,335487,390361,799365,871458,089362,948392,853689,676479,339347,243354,629362,453496,054
Group/Directors Accounts000000000000000
other short term finances0000032,223000000000
hp & lease commitments000179,33832,2230000000000
other current liabilities1,834,561708,378410,860382,779231,7830150,557205,411225,997000000
total current liabilities2,573,8151,164,155945,5311,176,873750,031646,931719,117705,8451,011,323689,676479,339347,243354,629362,453496,054
loans2,676,5192,763,8442,912,6443,068,1353,206,88002,900,2573,012,3832,232,53902,773,0182,951,55702,796,4782,963,063
hp & lease commitments000553,32324,1670000000000
Accruals and Deferred Income000000000000000
other liabilities17,994197,278407,0250000002,761,485003,126,631505,699500,001
provisions1,791,7451,662,1371,637,4111,477,633591,7460692,498307,750257,787000000
total long term liabilities4,486,2584,623,2594,957,0805,099,0913,822,7933,618,3793,592,7543,320,1332,490,3262,761,4852,773,0182,951,5573,126,6313,302,1773,463,064
total liabilities7,060,0735,787,4145,902,6116,275,9644,572,8244,265,3104,311,8714,025,9783,501,6493,451,1613,252,3573,298,8003,481,2603,664,6303,959,118
net assets7,638,4487,586,4947,322,1546,761,8946,631,2376,458,7916,169,3934,041,1833,530,4553,292,1693,217,3033,122,8053,030,7472,919,8202,780,526
total shareholders funds7,638,4487,586,4947,322,1546,761,8946,631,2376,458,7916,169,3934,041,1833,530,4553,292,1693,217,3033,122,8053,030,7472,919,8202,780,526
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit398,003627,361662,813479,276319,053-682,7302,179,600932,9642,321,190184,875308,758217,048240,655380,646307,981
Depreciation72,85254,64853,06726,70016,59816,15220,20024,69671,21358,10267,23583,56180,35897,424107,260
Amortisation000000000000000
Tax-17,318-62,006-86,206-53,290-40,4500-376,485-150,592-447,178-19,901-28,227-29,071-38,941-54,170-59,271
Stock15,35254,84518,628275,769203,436575,2840-6,5000001,5003,000-30,10032,100
Debtors51,456-18,930-261,211264,473768,072-421,132-129,666198,060-164,299326,11795,575-57,769-6,022-48,932344,316
Creditors116,660-89,626-80,055125,591-4,072-92,21895,141-29,905-296,823210,337132,096-7,386-7,824-133,601496,054
Accruals and Deferred Income1,126,183297,51828,081150,996231,783-150,557-54,854-20,586225,997000000
Deferred Taxes & Provisions129,60824,726159,778885,887591,746-692,498384,74849,963257,787000000
Cash flow from operations1,759,180816,706980,0611,074,918143,150-1,756,0032,378,016614,9802,296,485107,296384,287320,421277,270369,331475,608
Investing Activities
capital expenditure-1,406,047-173,480-428,700-1,051,7994,365,466-6,727,961-654,424125,3313,935,952-7,280-18,132-47,422-10,955-21,561-6,469,833
Change in Investments00243,500235,1864,391,314-6,884,6131,795,406628,9964,460,211000000
cash flow from investments-1,406,047-173,480-672,200-1,286,985-25,848156,652-2,449,830-503,665-524,259-7,280-18,132-47,422-10,955-21,561-6,469,833
Financing Activities
Bank loans0-127,336127,3360000-344,175344,175000000
Group/Directors Accounts000000000000000
Other Short Term Loans 0000-32,22332,223000000000
Long term loans-87,325-148,800-155,491-138,7453,206,880-2,900,257-112,126779,8442,232,539-2,773,018-178,5392,951,557-2,796,478-166,5852,963,063
Hire Purchase and Lease Commitments00-732,661676,27156,3900000000000
other long term liabilities-179,284-209,747407,02500000-2,761,4852,761,4850-3,126,6312,620,9325,698500,001
share issue00192,750-96,52601,076,523523,195-91,640-1,550,4250009602,628,114
interest-328,731-301,015-209,096-198,804-106,157-104,395-198,099-180,004-85,301-90,107-186,033-95,919-90,884-187,182-96,298
cash flow from financing-595,340-786,898-370,137242,1963,124,890-1,895,906212,970164,025-1,820,497-101,640-364,572-270,993-266,334-348,0695,994,880
cash and cash equivalents
cash-75,390-5,604-189,64333,27056,795-296,104114,139364,52827-1,6251,5832,006-18-299655
overdraft166,817138,068-127,3663,140013,755-27,01589,18848,298000000
change in cash-242,207-143,672-62,27730,13056,795-309,859141,154275,340-48,271-1,6251,5832,006-18-299655

storefast limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Storefast Limited Competitor Analysis

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Perform a competitor analysis for storefast limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in DA11 area or any other competitors across 12 key performance metrics.

storefast limited Ownership

STOREFAST LIMITED group structure

Storefast Limited has no subsidiary companies.

Ultimate parent company

STOREFAST LIMITED

02182787

STOREFAST LIMITED Shareholders

trustee of the kirby 2012 settlement 42%
john kirby 29%
sharon claretta angela kirby 29%

storefast limited directors

Storefast Limited currently has 2 directors. The longest serving directors include Mrs Sharon Kirby (Aug 1991) and Mr John Kirby (Aug 1991).

officercountryagestartendrole
Mrs Sharon KirbyEngland67 years Aug 1991- Director
Mr John KirbyEngland69 years Aug 1991- Director

P&L

March 2024

turnover

4.1m

+17%

operating profit

398k

0%

gross margin

37.6%

+4.81%

turnover

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

Balance Sheet

March 2024

net assets

7.6m

+0.01%

total assets

14.7m

+0.1%

cash

4.3k

-0.95%

net assets

Total assets minus all liabilities

storefast limited company details

company number

02182787

Type

Private limited with Share Capital

industry

52103 - Operation of warehousing and storage facilities for land transport activities of division 49

incorporation date

October 1987

age

38

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

astastock limited (February 1988)

accountant

-

auditor

-

address

orchard house courtyard v, springhead enterprise park, norhtfleet, kent, DA11 8HN

Bank

BARCLAYS BANK PLC

Legal Advisor

-

storefast 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 9 charges/mortgages relating to storefast limited. Currently there are 3 open charges and 6 have been satisfied in the past.

storefast limited Capital Raised & Share Issues BETA

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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storefast limited Companies House Filings - See Documents

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