sterling press limited Company Information
Company Number
02386753
Website
www.sterlingsolutions.co.ukRegistered Address
kettering venture park, kettering, northamptonshire, NN15 6XU
Industry
Printing (other than printing of newspapers and printing on labels and tags) n.e.c.
Telephone
01536527300
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
seckloe 297 ltd 100%
sterling press limited Estimated Valuation
Pomanda estimates the enterprise value of STERLING PRESS LIMITED at £12.9m based on a Turnover of £23.3m and 0.55x industry multiple (adjusted for size and gross margin).
sterling press limited Estimated Valuation
Pomanda estimates the enterprise value of STERLING PRESS LIMITED at £7.3m based on an EBITDA of £1.8m and a 4.13x industry multiple (adjusted for size and gross margin).
sterling press limited Estimated Valuation
Pomanda estimates the enterprise value of STERLING PRESS LIMITED at £8.5m based on Net Assets of £4.7m and 1.82x industry multiple (adjusted for liquidity).
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Sterling Press Limited Overview
Sterling Press Limited is a live company located in northamptonshire, NN15 6XU with a Companies House number of 02386753. It operates in the printing n.e.c. sector, SIC Code 18129. Founded in May 1989, it's largest shareholder is seckloe 297 ltd with a 100% stake. Sterling Press Limited is a mature, large sized company, Pomanda has estimated its turnover at £23.3m with declining growth in recent years.
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Sterling Press Limited Health Check
Pomanda's financial health check has awarded Sterling Press Limited a 4 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 Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
4 Strong
![positive_score](/assets/images/scoreRate1.png)
4 Regular
![positive_score](/assets/images/scoreRate0.png)
4 Weak
![size](/assets/images/scoreRate2.png)
Size
annual sales of £23.3m, make it larger than the average company (£9.6m)
£23.3m - Sterling Press Limited
£9.6m - Industry AVG
![growth](/assets/images/scoreRate0.png)
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (0.1%)
-2% - Sterling Press Limited
0.1% - Industry AVG
![production](/assets/images/scoreRate0.png)
Production
with a gross margin of 24.5%, this company has a higher cost of product (31%)
24.5% - Sterling Press Limited
31% - Industry AVG
![profitability](/assets/images/scoreRate0.png)
Profitability
an operating margin of 1.9% make it less profitable than the average company (4.1%)
1.9% - Sterling Press Limited
4.1% - Industry AVG
![employees](/assets/images/scoreRate2.png)
Employees
with 134 employees, this is above the industry average (63)
134 - Sterling Press Limited
63 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £39.2k, the company has an equivalent pay structure (£36.3k)
£39.2k - Sterling Press Limited
£36.3k - Industry AVG
![efficiency](/assets/images/scoreRate2.png)
Efficiency
resulting in sales per employee of £173.7k, this is more efficient (£139.6k)
£173.7k - Sterling Press Limited
£139.6k - Industry AVG
![debtordays](/assets/images/scoreRate1.png)
Debtor Days
it gets paid by customers after 46 days, this is near the average (52 days)
46 days - Sterling Press Limited
52 days - Industry AVG
![creditordays](/assets/images/scoreRate2.png)
Creditor Days
its suppliers are paid after 79 days, this is slower than average (62 days)
79 days - Sterling Press Limited
62 days - Industry AVG
![stockdays](/assets/images/scoreRate1.png)
Stock Days
it holds stock equivalent to 20 days, this is in line with average (24 days)
20 days - Sterling Press Limited
24 days - Industry AVG
![cashbalance](/assets/images/scoreRate0.png)
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (9 weeks)
7 weeks - Sterling Press Limited
9 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate1.png)
Debt Level
it has a ratio of liabilities to total assets of 68.5%, this is a similar level of debt than the average (65.9%)
68.5% - Sterling Press Limited
65.9% - Industry AVG
STERLING PRESS LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Sterling Press Limited's latest turnover from March 2023 is £23.3 million and the company has net assets of £4.7 million. According to their latest financial statements, Sterling Press Limited has 134 employees and maintains cash reserves of £966.9 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 | 23,280,469 | 19,146,410 | 12,860,163 | 24,413,859 | 25,122,329 | 27,248,856 | 26,898,567 | 27,371,312 | 27,960,799 | 23,864,098 | 22,502,042 | 21,250,490 | 18,646,594 | 17,824,371 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 17,574,639 | 13,438,960 | 9,235,713 | 16,694,876 | 17,195,414 | 18,440,837 | 18,191,808 | 18,710,155 | 18,360,894 | 15,719,024 | 14,944,488 | 13,440,497 | 11,438,886 | 10,834,159 |
Gross Profit | 5,705,830 | 5,707,450 | 3,624,450 | 7,718,983 | 7,926,915 | 8,808,019 | 8,706,759 | 8,661,157 | 9,599,905 | 8,145,074 | 7,557,554 | 7,809,993 | 7,207,708 | 6,990,212 |
Admin Expenses | 5,270,942 | 5,312,225 | 3,420,363 | 7,021,863 | 7,230,231 | 7,854,907 | 8,497,692 | 8,124,075 | 8,447,455 | 6,999,171 | 6,790,124 | 6,647,768 | 6,309,190 | 5,997,960 |
Operating Profit | 434,888 | 395,225 | 204,087 | 697,120 | 696,684 | 953,112 | 209,067 | 537,082 | 1,152,450 | 1,145,903 | 767,430 | 1,162,225 | 898,518 | 992,252 |
Interest Payable | 205,760 | 161,219 | 205,571 | 408,890 | 525,610 | 718,462 | 695,655 | 489,419 | 553,686 | 579,916 | 565,382 | 552,225 | 590,293 | 554,403 |
Interest Receivable | 346,672 | 266,008 | 251,043 | 170,537 | 258,188 | 215,741 | 192,864 | 192,864 | 0 | 0 | 0 | 50,398 | 0 | 11 |
Pre-Tax Profit | 575,800 | 500,014 | 249,559 | 458,767 | 429,262 | 450,391 | -293,724 | 240,527 | 598,764 | 442,213 | 202,048 | 660,398 | 340,321 | 516,382 |
Tax | -104,412 | -186,466 | 63,590 | -134,339 | -2,943 | -74,771 | 111,856 | 8,991 | -123,610 | -50,443 | -35,022 | -208,326 | -111,053 | -186,400 |
Profit After Tax | 471,388 | 313,548 | 313,149 | 324,428 | 426,319 | 375,620 | -181,868 | 249,518 | 475,154 | 391,770 | 167,026 | 452,072 | 229,268 | 329,982 |
Dividends Paid | 0 | 112,000 | 114,000 | 20,000 | 0 | 0 | 165,000 | 101,971 | 0 | 0 | 0 | 0 | 0 | 460,000 |
Retained Profit | 471,388 | 201,548 | 199,149 | 304,428 | 426,319 | 375,620 | -346,868 | 147,547 | 475,154 | 391,770 | 167,026 | 452,072 | 229,268 | -130,018 |
Employee Costs | 5,259,373 | 4,793,119 | 4,476,967 | 6,388,830 | 6,671,050 | 7,530,399 | 8,046,163 | 8,192,780 | 8,420,859 | 6,979,818 | 6,722,622 | 6,359,820 | 5,543,147 | 5,422,960 |
Number Of Employees | 134 | 123 | 131 | 171 | 184 | 211 | 233 | 235 | 224 | 209 | 200 | 195 | 171 | 159 |
EBITDA* | 1,765,207 | 1,711,179 | 1,434,569 | 2,091,223 | 2,331,889 | 2,733,231 | 2,132,603 | 2,246,031 | 3,018,966 | 2,778,365 | 2,507,784 | 2,825,059 | 2,475,906 | 2,517,118 |
* 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 | 4,484,170 | 4,865,469 | 5,233,341 | 5,405,221 | 6,096,943 | 7,740,735 | 8,911,850 | 8,997,159 | 6,874,535 | 6,692,062 | 8,077,072 | 9,131,258 | 7,491,257 | 7,869,617 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 | 36,000 | 60,000 | 84,000 | 108,000 |
Investments & Other | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 5,419,424 | 4,925,002 | 4,366,309 | 3,788,295 | 0 | 3,635,692 | 2,415,263 | 2,121,626 | 2,035,974 | 1,068,652 |
Total Fixed Assets | 4,484,270 | 4,865,469 | 5,233,341 | 5,405,221 | 11,516,467 | 12,665,837 | 13,278,259 | 12,785,554 | 6,874,635 | 10,339,854 | 10,528,435 | 11,312,984 | 9,611,331 | 9,046,369 |
Stock & work in progress | 1,009,734 | 1,316,819 | 517,738 | 746,092 | 566,372 | 409,122 | 435,608 | 648,035 | 731,921 | 492,370 | 439,110 | 523,528 | 460,188 | 352,625 |
Trade Debtors | 2,982,297 | 3,167,532 | 1,819,174 | 3,587,375 | 2,634,500 | 3,912,439 | 3,661,304 | 4,149,040 | 4,349,246 | 4,318,222 | 3,459,248 | 3,189,319 | 969,716 | 2,997,710 |
Group Debtors | 2,228,628 | 2,228,785 | 2,229,319 | 2,231,732 | 0 | 0 | 0 | 0 | 2,039,423 | 0 | 0 | 0 | 831,921 | 631,921 |
Misc Debtors | 3,106,348 | 3,385,896 | 3,713,676 | 4,046,366 | 439,247 | 494,313 | 595,449 | 1,062,789 | 2,407,920 | 484,808 | 580,685 | 510,422 | 1,579,205 | 371,189 |
Cash | 966,898 | 995,641 | 781,139 | 2,635 | 4,823 | 615 | 972 | 6,746 | 5,069 | 28,279 | 1,432 | 13,117 | 48,822 | 30,818 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 10,293,905 | 11,094,673 | 9,061,046 | 10,614,200 | 3,644,942 | 4,816,489 | 4,693,333 | 5,866,610 | 9,533,579 | 5,323,679 | 4,480,475 | 4,236,386 | 3,889,852 | 4,384,263 |
total assets | 14,778,175 | 15,960,142 | 14,294,387 | 16,019,421 | 15,161,409 | 17,482,326 | 17,971,592 | 18,652,164 | 16,408,214 | 15,663,533 | 15,008,910 | 15,549,370 | 13,501,183 | 13,430,632 |
Bank overdraft | 0 | 0 | 141 | 1,666,035 | 1,639,958 | 2,130,721 | 2,308,839 | 2,000,307 | 2,982,741 | 2,637,163 | 2,424,611 | 2,181,244 | 1,841,153 | 1,334,931 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 3,821,041 | 4,831,487 | 2,224,990 | 4,304,082 | 4,056,069 | 4,194,328 | 4,336,694 | 4,113,860 | 4,106,109 | 3,688,728 | 3,177,597 | 3,300,616 | 2,644,399 | 2,458,853 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 595,819 | 593,769 | 358,189 | 106,155 | 305,757 | 327,795 | 235,692 | 445,822 | 396,471 | 128,937 | 106,657 | 39,824 | 137,304 | 153,580 |
hp & lease commitments | 828,718 | 561,892 | 1,160,289 | 1,414,470 | 1,499,903 | 1,647,414 | 2,011,090 | 2,761,948 | 1,491,639 | 1,792,837 | 1,914,927 | 2,391,629 | 1,728,117 | 2,176,838 |
other current liabilities | 1,884,111 | 2,555,384 | 3,485,597 | 3,118,066 | 1,548,591 | 2,029,787 | 1,381,255 | 1,677,425 | 1,631,118 | 1,255,314 | 954,498 | 802,860 | 692,444 | 1,277,900 |
total current liabilities | 7,129,689 | 8,542,532 | 7,229,206 | 10,608,808 | 9,050,278 | 10,330,045 | 10,273,570 | 10,999,362 | 10,608,078 | 9,502,979 | 8,578,290 | 8,716,173 | 7,043,417 | 7,402,102 |
loans | 1,359,392 | 4,946,456 | 5,044,694 | 2,347,856 | 340,322 | 484,439 | 656,300 | 822,778 | 851,780 | 1,311,527 | 491,440 | 400,382 | 809,775 | 662,493 |
hp & lease commitments | 933,324 | 520,138 | 1,152,281 | 1,173,928 | 1,920,552 | 3,050,904 | 3,761,404 | 3,080,838 | 1,363,717 | 1,705,542 | 3,030,465 | 3,595,126 | 3,289,374 | 3,271,688 |
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 | 700,000 | 1,190,000 | 790,000 | 576,000 | 206,000 | 284,000 | 323,000 | 445,000 | 428,000 | 384,000 | 541,000 | 637,000 | 610,000 | 575,000 |
total long term liabilities | 2,992,716 | 3,068,228 | 2,917,347 | 1,461,928 | 2,466,874 | 3,819,343 | 4,740,704 | 4,348,616 | 2,643,497 | 3,401,069 | 4,062,905 | 4,632,508 | 4,709,149 | 4,509,181 |
total liabilities | 10,122,405 | 11,610,760 | 10,146,553 | 12,070,736 | 11,517,152 | 14,149,388 | 15,014,274 | 15,347,978 | 13,251,575 | 12,904,048 | 12,641,195 | 13,348,681 | 11,752,566 | 11,911,283 |
net assets | 4,655,770 | 4,349,382 | 4,147,834 | 3,948,685 | 3,644,257 | 3,332,938 | 2,957,318 | 3,304,186 | 3,156,639 | 2,759,485 | 2,367,715 | 2,200,689 | 1,748,617 | 1,519,349 |
total shareholders funds | 4,655,770 | 4,349,382 | 4,147,834 | 3,948,685 | 3,644,257 | 3,332,938 | 2,957,318 | 3,304,186 | 3,156,639 | 2,759,485 | 2,367,715 | 2,200,689 | 1,748,617 | 1,519,349 |
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 | 434,888 | 395,225 | 204,087 | 697,120 | 696,684 | 953,112 | 209,067 | 537,082 | 1,152,450 | 1,145,903 | 767,430 | 1,162,225 | 898,518 | 992,252 |
Depreciation | 1,330,319 | 1,315,954 | 1,230,482 | 1,394,103 | 1,635,205 | 1,780,119 | 1,923,536 | 1,708,949 | 1,746,516 | 1,608,462 | 1,716,354 | 1,638,834 | 1,553,388 | 1,512,866 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 120,000 | 24,000 | 24,000 | 24,000 | 24,000 | 12,000 |
Tax | -104,412 | -186,466 | 63,590 | -134,339 | -2,943 | -74,771 | 111,856 | 8,991 | -123,610 | -50,443 | -35,022 | -208,326 | -111,053 | -186,400 |
Stock | -307,085 | 799,081 | -228,354 | 179,720 | 157,250 | -26,486 | -212,427 | -83,886 | 239,551 | 53,260 | -84,418 | 63,340 | 107,563 | 352,625 |
Debtors | -464,940 | 1,020,044 | -2,103,304 | 1,372,302 | -838,583 | 708,692 | -377,062 | 203,535 | 357,867 | 1,983,526 | 633,829 | 404,551 | 347,344 | 5,069,472 |
Creditors | -1,010,446 | 2,606,497 | -2,079,092 | 248,013 | -138,259 | -142,366 | 222,834 | 7,751 | 417,381 | 511,131 | -123,019 | 656,217 | 185,546 | 2,458,853 |
Accruals and Deferred Income | -671,273 | -930,213 | 367,531 | 1,569,475 | -481,196 | 648,532 | -296,170 | 46,307 | 375,804 | 300,816 | 151,638 | 110,416 | -585,456 | 1,277,900 |
Deferred Taxes & Provisions | -490,000 | 400,000 | 214,000 | 370,000 | -78,000 | -39,000 | -122,000 | 17,000 | 44,000 | -157,000 | -96,000 | 27,000 | 35,000 | 575,000 |
Cash flow from operations | 261,101 | 1,781,872 | 2,332,256 | 2,592,350 | 2,312,824 | 2,443,420 | 2,638,612 | 2,206,431 | 3,135,123 | 1,346,083 | 1,855,970 | 2,942,475 | 1,545,036 | 1,220,374 |
Investing Activities | ||||||||||||||
capital expenditure | 81,746 | -71,825 | -435,952 | -353,508 | -620,508 | |||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 |
cash flow from investments | 81,746 | -71,825 | -435,952 | -353,508 | -620,608 | |||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 2,050 | 235,580 | 252,034 | -199,602 | -22,038 | 92,103 | -210,130 | 49,351 | 267,534 | 22,280 | 66,833 | -97,480 | -16,276 | 153,580 |
Long term loans | -3,587,064 | -98,238 | 2,696,838 | 2,007,534 | -144,117 | -171,861 | -166,478 | -29,002 | -459,747 | 820,087 | 91,058 | -409,393 | 147,282 | 662,493 |
Hire Purchase and Lease Commitments | 680,012 | -1,230,540 | -275,828 | -832,057 | -1,277,863 | -1,074,176 | -70,292 | 2,987,430 | -643,023 | -1,447,013 | -1,041,363 | 969,264 | -431,035 | 5,448,526 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | 140,912 | 104,789 | 45,472 | -238,353 | -267,422 | -502,721 | -502,791 | -296,555 | -553,686 | -579,916 | -565,382 | -501,827 | -590,293 | -554,392 |
cash flow from financing | -2,929,090 | -988,409 | 2,718,516 | 737,522 | -1,826,440 | -1,656,655 | -949,691 | 2,711,224 | -1,466,922 | -1,184,562 | -1,448,854 | -39,436 | -890,322 | 7,359,574 |
cash and cash equivalents | ||||||||||||||
cash | -28,743 | 214,502 | 778,504 | -2,188 | 4,208 | -357 | -5,774 | 1,677 | -23,210 | 26,847 | -11,685 | -35,705 | 18,004 | 30,818 |
overdraft | 0 | -141 | -1,665,894 | 26,077 | -490,763 | -178,118 | 308,532 | -982,434 | 345,578 | 212,552 | 243,367 | 340,091 | 506,222 | 1,334,931 |
change in cash | -28,743 | 214,643 | 2,444,398 | -28,265 | 494,971 | 177,761 | -314,306 | 984,111 | -368,788 | -185,705 | -255,052 | -375,796 | -488,218 | -1,304,113 |
sterling press limited Credit Report and Business Information
Sterling Press Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for sterling press limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NN15 area or any other competitors across 12 key performance metrics.
sterling press limited Ownership
STERLING PRESS LIMITED group structure
Sterling Press Limited has 1 subsidiary company.
Ultimate parent company
1 parent
STERLING PRESS LIMITED
02386753
1 subsidiary
sterling press limited directors
Sterling Press Limited currently has 2 directors. The longest serving directors include Mr Steven Pizzey (May 1991) and Mr John Pizzey (May 1991).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Steven Pizzey | 62 years | May 1991 | - | Director | |
Mr John Pizzey | England | 67 years | May 1991 | - | Director |
P&L
March 2023turnover
23.3m
+22%
operating profit
434.9k
+10%
gross margin
24.6%
-17.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
4.7m
+0.07%
total assets
14.8m
-0.07%
cash
966.9k
-0.03%
net assets
Total assets minus all liabilities
sterling press limited company details
company number
02386753
Type
Private limited with Share Capital
industry
18129 - Printing (other than printing of newspapers and printing on labels and tags) n.e.c.
incorporation date
May 1989
age
35
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
kettering venture park, kettering, northamptonshire, NN15 6XU
last accounts submitted
March 2023
sterling press 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 26 charges/mortgages relating to sterling press limited. Currently there are 2 open charges and 24 have been satisfied in the past.
![charges](/assets/images/company_charges.png)
sterling press limited Companies House Filings - See Documents
date | description | view/download |
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