Sterling Press Limited

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sterling press limited Company Information

Live

MatureLargeDeclining

Company Number

02386753

Website

www.sterlingsolutions.co.uk

Registered 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

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Directors

Steven Pizzey33 Years

John Pizzey33 Years

Shareholders

seckloe 297 ltd 100%

sterling press limited Estimated Valuation

£12.9m

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).

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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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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 Rating4out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £23.3m, make it larger than the average company (£9.6m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (0.1%)

EXPORT

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	-949,020	-948,082	-1,058,602	-702,381	8,587	-609,004	-1,838,227	-3,831,573	-2,036,989	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	-949,020	-948,082	-1,058,602	-702,381	8,587	-609,004	-1,838,227	-3,831,573	-2,036,989	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	-165,000	0	0	0	-115,000	0	0	0	-78,000	0	0	0	0	1,649,367
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STERLING PRESS LIMITED group structure

Sterling Press Limited has 1 subsidiary company.

Ultimate parent company

SECKLOE 297 LIMITED

05674751

1 parent

STERLING PRESS LIMITED

02386753

1 subsidiary

STERLING DESIGN LIMITED

03080078

STERLING PRESS LIMITED Shareholders

seckloe 297 ltd

100%

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 2023

turnover

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 2023

net assets

4.7m

+0.07%

total assets

14.8m

-0.07%

cash

966.9k

-0.03%

net assets

Total assets minus all liabilities

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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

accounts

Full Accounts

ultimate parent company

SECKLOE 297 LIMITED

previous names

N/A

incorporated

address

kettering venture park, kettering, northamptonshire, NN15 6XU

last accounts submitted

March 2023

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.

sterling press limited Company Information

sterling press limited Estimated Valuation

sterling press limited Estimated Valuation

sterling press limited Estimated Valuation

Sterling Press Limited Overview

Sterling Press Limited Health Check

STERLING PRESS LIMITED financials

sterling press limited Credit Report and Business Information

Sterling Press Limited Competitor Analysis

sterling press limited Ownership

sterling press limited directors

sterling press limited company details

sterling press limited Charges & Mortgages

sterling press limited Companies House Filings - See Documents