stone technologies limited

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stone technologies limited Company Information

Share STONE TECHNOLOGIES LIMITED

Company Number

02658501

Directors

Cory Reid

James Steadman

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Shareholders

granite one hundred holdings limited

Group Structure

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Industry

Manufacture of computers and peripheral equipment

 

Registered Address

granite one hundred acton gate, stafford, staffordshire, ST18 9AA

stone technologies limited Estimated Valuation

£289m

Pomanda estimates the enterprise value of STONE TECHNOLOGIES LIMITED at £289m based on a Turnover of £162.4m and 1.78x industry multiple (adjusted for size and gross margin).

stone technologies limited Estimated Valuation

£29.4m

Pomanda estimates the enterprise value of STONE TECHNOLOGIES LIMITED at £29.4m based on an EBITDA of £3m and a 9.85x industry multiple (adjusted for size and gross margin).

stone technologies limited Estimated Valuation

£41.7m

Pomanda estimates the enterprise value of STONE TECHNOLOGIES LIMITED at £41.7m based on Net Assets of £19.9m and 2.1x industry multiple (adjusted for liquidity).

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Stone Technologies Limited Overview

Stone Technologies Limited is a live company located in staffordshire, ST18 9AA with a Companies House number of 02658501. It operates in the manufacture of computers and peripheral equipment sector, SIC Code 26200. Founded in October 1991, it's largest shareholder is granite one hundred holdings limited with a 100% stake. Stone Technologies Limited is a mature, mega sized company, Pomanda has estimated its turnover at £162.4m with healthy growth in recent years.

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Stone Technologies Limited Health Check

Pomanda's financial health check has awarded Stone Technologies Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

9 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

annual sales of £162.4m, make it larger than the average company (£17.8m)

£162.4m - Stone Technologies Limited

£17.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.5%)

11% - Stone Technologies Limited

6.5% - Industry AVG

production

Production

with a gross margin of 19.7%, this company has a higher cost of product (32.1%)

19.7% - Stone Technologies Limited

32.1% - Industry AVG

profitability

Profitability

an operating margin of 1.1% make it less profitable than the average company (3.7%)

1.1% - Stone Technologies Limited

3.7% - Industry AVG

employees

Employees

with 496 employees, this is above the industry average (61)

496 - Stone Technologies Limited

61 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.6k, the company has a lower pay structure (£66.2k)

£42.6k - Stone Technologies Limited

£66.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £327.4k, this is more efficient (£244.5k)

£327.4k - Stone Technologies Limited

£244.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 29 days, this is earlier than average (48 days)

29 days - Stone Technologies Limited

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 36 days, this is slower than average (31 days)

36 days - Stone Technologies Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 14 days, this is less than average (61 days)

14 days - Stone Technologies Limited

61 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (19 weeks)

26 weeks - Stone Technologies Limited

19 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.1%, this is a similar level of debt than the average (50.5%)

51.1% - Stone Technologies Limited

50.5% - Industry AVG

STONE TECHNOLOGIES LIMITED financials

EXPORTms excel logo

Stone Technologies Limited's latest turnover from December 2023 is £162.4 million and the company has net assets of £19.9 million. According to their latest financial statements, Stone Technologies Limited has 496 employees and maintains cash reserves of £9.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover162,399,000145,568,000128,979,000117,810,00094,171,19281,658,45173,640,40684,497,62179,332,51274,333,79677,256,34873,726,33965,516,20469,675,14369,159,744
Other Income Or Grants000000000000000
Cost Of Sales130,421,000116,697,000104,109,00098,501,00075,847,64668,234,03662,757,52473,654,79565,083,89758,709,28362,853,75860,748,13952,806,47556,048,61955,035,689
Gross Profit31,978,00028,871,00024,870,00019,309,00018,323,54613,424,41510,882,88210,842,82614,248,61515,624,51314,402,59012,978,20012,709,72913,626,52414,124,055
Admin Expenses30,211,00026,282,00020,025,00015,627,00014,825,48111,360,2839,936,15712,187,68814,157,21712,681,87211,267,40811,334,05210,790,13412,278,80611,254,322
Operating Profit1,767,0002,589,0004,845,0003,682,0003,498,0652,064,132946,725-1,344,86291,3982,942,6413,135,1821,644,1481,919,5951,347,7182,869,733
Interest Payable0167,00076,000125,000270,113292,839213,04419,856108,481125,785144,133247,224153,83393,35673,018
Interest Receivable118,0002,00001,0001,793524124,225195,703347,963286,907192,220140,817109,52972,978
Pre-Tax Profit1,885,0002,424,0004,769,0003,558,0003,229,7451,771,817733,693-1,360,493178,6203,164,8192,482,3081,589,1441,906,5791,198,3712,869,693
Tax-137,000-356,000-943,000-663,000-632,889-338,092-92,134184,157-85,995-63,941-483,061-260,622-161,15851,010-208,292
Profit After Tax1,748,0002,068,0003,826,0002,895,0002,596,8561,433,725641,559-1,176,33692,6253,100,8781,999,2471,328,5221,745,4211,249,3812,661,401
Dividends Paid000000000000000
Retained Profit1,748,0002,068,0003,826,0002,895,0002,596,8561,433,725641,559-1,176,33692,6253,100,8781,999,2471,328,5221,745,4211,249,3812,661,401
Employee Costs21,107,00018,892,00014,624,00012,607,00010,557,5687,477,8786,693,1447,285,6838,411,7257,625,3466,854,7306,567,1996,413,9196,895,8366,576,778
Number Of Employees496480378309275208197227257233229231222219214
EBITDA*2,982,0003,401,0005,403,0004,188,0004,015,7442,550,9241,463,597-845,7791,635,0133,606,1623,862,3702,457,3612,609,9541,842,3373,367,807

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,812,0001,971,0001,392,0001,377,0001,348,9051,234,5721,254,0371,513,9881,810,1392,006,5142,917,1273,374,2993,552,5254,047,0613,334,530
Intangible Assets2,817,0002,717,0001,744,000650,000493,628464,831596,611701,440693,6861,605,7821,027,9721,106,1621,184,3521,262,5421,315,183
Investments & Other000000000000000
Debtors (Due After 1 year)000000000039,39228,74743,142786,4843,600
Total Fixed Assets4,629,0004,688,0003,136,0002,027,0001,842,5331,699,4031,850,6482,215,4282,503,8253,612,2963,984,4914,509,2084,780,0196,096,0874,653,313
Stock & work in progress5,070,0008,552,00010,433,0007,502,0006,131,3914,126,2163,935,0873,956,2624,325,5263,594,5674,533,4514,005,2296,675,2795,677,7545,032,901
Trade Debtors12,965,00011,888,0009,714,00011,580,0007,196,5806,530,5335,753,6816,537,6637,486,8626,430,5866,328,5657,559,9748,181,5256,964,9355,812,357
Group Debtors5,215,00070,0009,872,0008,947,00011,579,7888,847,3128,829,312526,637253,63713,024,62711,576,4169,602,680000
Misc Debtors3,116,0003,416,0001,929,0001,432,0001,477,5381,443,1201,547,7561,576,834527,419778,157699,785206,114173,000394,508704,464
Cash9,723,0007,658,0005,770,0005,732,0005,124,8095,560,9822,667,8246,728,6777,417,8058,014,4065,403,3563,993,8293,390,2702,639,7832,688,699
misc current assets000000000000000
total current assets36,089,00031,584,00037,718,00035,193,00031,510,10626,508,16322,733,66019,326,07320,011,24931,842,34328,541,57325,367,82618,420,07415,676,98014,238,421
total assets40,718,00036,272,00040,854,00037,220,00033,352,63928,207,56624,584,30821,541,50122,515,07435,454,63932,526,06429,877,03423,200,09321,773,06718,891,734
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 12,889,0009,995,0008,949,0009,910,0008,597,1296,719,9105,057,1766,844,5286,379,6765,591,8635,479,2665,522,4917,029,2258,041,9637,330,459
Group/Directors Accounts629,00012,00000000007,277,5527,165,7716,625,923000
other short term finances000000000000000
hp & lease commitments0020,00050,00060,11338,70923,37185,697112,98989,37816,97351,57654,66222,38821,539
other current liabilities5,321,0006,103,0007,517,0007,591,0003,836,0962,593,2552,066,5071,432,2731,376,3731,631,3552,425,1962,297,6131,819,9231,531,6001,009,402
total current liabilities18,839,00016,110,00016,486,00017,551,00012,493,3389,351,8747,147,0548,362,4987,869,03814,590,14815,087,20614,497,6038,903,8109,595,9518,361,400
loans004,729,0003,567,0003,415,4750000000319,26842,93069,591
hp & lease commitments00020,00019,71440,960013,670104,253149,4010095,31724,49133,798
Accruals and Deferred Income000000000000000
other liabilities000003,977,3223,991,53100000000
provisions1,982,0001,938,0001,514,0001,283,0001,190,2031,200,3571,242,3951,603,5641,803,6781,968,9981,793,6441,733,4631,564,2521,537,6701,104,301
total long term liabilities1,982,0001,938,0006,243,0004,870,0004,625,3925,218,6395,233,9261,617,2341,907,9312,118,3991,793,6441,733,4631,978,8371,605,0911,207,690
total liabilities20,821,00018,048,00022,729,00022,421,00017,118,73014,570,51312,380,9809,979,7329,776,96916,708,54716,880,85016,231,06610,882,64711,201,0429,569,090
net assets19,897,00018,224,00018,125,00014,799,00016,233,90913,637,05312,203,32811,561,76912,738,10518,746,09215,645,21413,645,96812,317,44610,572,0259,322,644
total shareholders funds19,897,00018,224,00018,125,00014,799,00016,233,90913,637,05312,203,32811,561,76912,738,10518,746,09215,645,21413,645,96812,317,44610,572,0259,322,644
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,767,0002,589,0004,845,0003,682,0003,498,0652,064,132946,725-1,344,86291,3982,942,6413,135,1821,644,1481,919,5951,347,7182,869,733
Depreciation628,000481,000390,000348,000389,168324,967383,442375,372429,078397,331648,998735,023612,169416,429428,824
Amortisation587,000331,000168,000158,000128,511161,825133,430123,7111,114,537266,19078,19078,19078,19078,19069,250
Tax-137,000-356,000-943,000-663,000-632,889-338,092-92,134184,157-85,995-63,941-483,061-260,622-161,15851,010-208,292
Stock-3,482,000-1,881,0002,931,0001,370,6092,005,175191,129-21,175-369,264730,959-938,884528,222-2,670,050997,525644,8535,032,901
Debtors5,922,000-6,141,000-444,0001,705,0943,432,941690,2167,489,615373,216-11,965,4521,589,2121,246,6438,999,848251,7401,625,5066,520,421
Creditors2,894,0001,046,000-961,0001,312,8711,877,2191,662,734-1,787,352464,852787,813112,597-43,225-1,506,734-1,012,738711,5047,330,459
Accruals and Deferred Income-782,000-1,414,000-74,0003,754,9041,242,841526,748634,23455,900-254,982-793,841127,583477,690288,323522,1981,009,402
Deferred Taxes & Provisions44,000424,000231,00092,797-10,154-42,038-361,169-200,114-165,320175,35460,181169,21126,582433,3691,104,301
Cash flow from operations2,561,00011,123,0001,169,0005,609,8691,054,6453,478,931-7,611,264-344,93613,151,0222,386,0031,748,983-4,992,892501,6981,290,0591,050,355
Investing Activities
capital expenditure-1,156,000-2,364,000-1,667,000-690,467-660,809-335,547-152,092-210,686-435,144-330,718-191,826-556,797-117,633-1,154,509-5,147,787
Change in Investments000000000000000
cash flow from investments-1,156,000-2,364,000-1,667,000-690,467-660,809-335,547-152,092-210,686-435,144-330,718-191,826-556,797-117,633-1,154,509-5,147,787
Financing Activities
Bank loans000000000000000
Group/Directors Accounts617,00012,000000000-7,277,552111,781539,8486,625,923000
Other Short Term Loans 000000000000000
Long term loans0-4,729,0001,162,000151,5253,415,475000000-319,268276,338-26,66169,591
Hire Purchase and Lease Commitments0-20,000-50,000-9,82715856,298-75,996-117,875-21,537221,806-34,603-98,403103,100-8,45855,337
other long term liabilities0000-3,977,322-14,2093,991,53100000000
share issue-75,000-1,969,000-500,000-4,329,9090000-6,100,6120-10006,661,243
interest118,000-165,000-76,000-124,000-268,320-292,315-213,032-15,63187,222222,178142,774-55,004-13,01616,173-40
cash flow from financing660,000-6,871,000536,000-4,312,211-830,009-250,2263,702,503-133,506-13,312,479555,765648,0186,153,248366,422-18,9466,786,131
cash and cash equivalents
cash2,065,0001,888,00038,000607,191-436,1732,893,158-4,060,853-689,128-596,6012,611,0501,409,527603,559750,487-48,9162,688,699
overdraft000000000000000
change in cash2,065,0001,888,00038,000607,191-436,1732,893,158-4,060,853-689,128-596,6012,611,0501,409,527603,559750,487-48,9162,688,699

stone technologies 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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Stone Technologies Limited Competitor Analysis

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Perform a competitor analysis for stone technologies limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in ST18 area or any other competitors across 12 key performance metrics.

stone technologies limited Ownership

STONE TECHNOLOGIES LIMITED group structure

Stone Technologies Limited has 1 subsidiary company.

Ultimate parent company

CONVERGE TECHNOLOGY SOLUTIONS CORP

#0113290

2 parents

STONE TECHNOLOGIES LIMITED

02658501

1 subsidiary

STONE TECHNOLOGIES LIMITED Shareholders

granite one hundred holdings limited 100%

stone technologies limited directors

Stone Technologies Limited currently has 4 directors. The longest serving directors include Mr Cory Reid (Nov 2022) and Mr James Steadman (Jul 2024).

officercountryagestartendrole
Mr Cory ReidEngland54 years Nov 2022- Director
Mr James Steadman50 years Jul 2024- Director
Mr Peter Berks51 years Dec 2024- Director
Mr Greg BerardUnited States45 years Dec 2024- Director

P&L

December 2023

turnover

162.4m

+12%

operating profit

1.8m

-32%

gross margin

19.7%

-0.72%

turnover

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

Balance Sheet

December 2023

net assets

19.9m

+0.09%

total assets

40.7m

+0.12%

cash

9.7m

+0.27%

net assets

Total assets minus all liabilities

stone technologies limited company details

company number

02658501

Type

Private limited with Share Capital

industry

26200 - Manufacture of computers and peripheral equipment

incorporation date

October 1991

age

34

incorporated

UK

ultimate parent company

CONVERGE TECHNOLOGY SOLUTIONS CORP

accounts

Full Accounts

last accounts submitted

December 2023

previous names

stone computers limited (November 2020)

omega electronic equipment (europe) limited (December 2002)

accountant

-

auditor

ARMSTRONG WATSON AUDIT LIMITED

address

granite one hundred acton gate, stafford, staffordshire, ST18 9AA

Bank

-

Legal Advisor

-

stone technologies 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 16 charges/mortgages relating to stone technologies limited. Currently there are 3 open charges and 13 have been satisfied in the past.

stone technologies 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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stone technologies limited Companies House Filings - See Documents

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