Storetech Limited

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storetech limited Company Information

Live

MatureMicroLow

Company Number

03509775

Next Accounts

65 days late

Industry

Other information technology and computer service activities

Other business support service activities n.e.c.

Directors

Andrew Howarth

Kim Pilkington

Shareholders

andrew howarth

melanie camilla rudland

Group Structure

View All

Contact

Registered Address

thorne lancaster parker, 5th flo, 1-4 argyll street, london, W1F 7TA

Website

www.storetech.com

storetech limited Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of STORETECH LIMITED at £4.1m based on Net Assets of £1.7m and 2.41x industry multiple (adjusted for liquidity).

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Storetech Limited is a live company located in london, W1F 7TA with a Companies House number of 03509775. It operates in the other information technology service activities sector, SIC Code 62090. Founded in February 1998, it's largest shareholder is andrew howarth with a 51% stake. Storetech Limited is a mature, micro sized company, Pomanda has estimated its turnover at £471.5k with low growth in recent years.

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Pomanda's financial health check has awarded Storetech Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £471.5k, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (4.2%)

EXPORT

Storetech Limited's latest turnover from December 2022 is estimated at £471.5 thousand and the company has net assets of £1.7 million. According to their latest financial statements, Storetech Limited has 3 employees and maintains cash reserves of £578.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	471,525	625,319	404,341	451,393	558,853	759,300	479,744	483,452	314,940	343,059	282,163	446,163	936,067	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	257,756	346,355	225,113	249,201	307,260	415,913	260,815	267,403	175,786	191,986	157,518	246,058	502,380	0
Gross Profit	213,769	278,964	179,228	202,191	251,593	343,387	218,929	216,048	139,154	151,073	124,645	200,104	433,687	0
Admin Expenses	-302,002	-226,664	-367,860	165,772	17,144	356,638	233,402	191,040	151,726	138,600	140,487	137,940	360,756	-191,290
Operating Profit	515,771	505,628	547,088	36,419	234,449	-13,251	-14,473	25,008	-12,572	12,473	-15,842	62,164	72,931	191,290
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,051	765	405	2,636	1,957	926	521	962	919	1,170	1,099	647	309	126
Pre-Tax Profit	528,822	506,393	547,493	39,054	236,406	-12,325	-13,952	25,970	-11,653	13,643	-14,743	62,811	73,240	191,415
Tax	-100,476	-96,215	-104,024	-7,420	-44,917	0	0	-5,194	0	-3,138	0	-16,331	-20,507	-53,596
Profit After Tax	428,346	410,178	443,469	31,634	191,489	-12,325	-13,952	20,776	-11,653	10,505	-14,743	46,480	52,733	137,819
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	428,346	410,178	443,469	31,634	191,489	-12,325	-13,952	20,776	-11,653	10,505	-14,743	46,480	52,733	137,819
Employee Costs	177,601	226,879	214,833	211,620	254,760	243,240	192,740	193,386	144,325	141,872	92,426	183,093	309,271	0
Number Of Employees	3	4	4	4	5	5	4	4	3	3	2	4	7	0
EBITDA*	530,059	519,916	559,527	40,637	239,544	-8,842	-11,663	26,457	-11,417	13,285	122	79,311	90,455	194,137

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	14,288	28,576	5,295	6,952	8,669	10,080	8,312	2,485	2,283	1,576	2,783	4,853	4,305
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	14,757	29,514	44,271
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	5	5	5
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	14,288	28,576	5,295	6,952	8,669	10,080	8,312	2,485	2,283	1,576	17,545	34,372	48,581
Stock & work in progress	10,820	21,669	20,209	20,930	14,350	17,240	37,335	99,770	33,059	15,728	15,621	16,892	18,005	9,343
Trade Debtors	87,231	114,926	54,277	64,864	90,484	152,102	76,810	71,653	46,376	50,418	32,565	77,878	165,449	222,875
Group Debtors	700,005	700,005	0	0	0	7,666	1,083	25,090	0	0	0	0	0	0
Misc Debtors	652,591	637,151	547,725	302,608	0	9,412	9,023	30,864	36,581	13,260	6,093	0	0	0
Cash	578,340	167,441	444,465	365,339	337,479	184,471	185,762	231,064	153,812	213,981	254,156	185,574	73,308	50,283
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,028,987	1,641,192	1,066,676	753,741	777,486	370,891	310,013	458,441	269,828	293,387	308,435	280,344	256,762	282,501
total assets	2,028,987	1,655,480	1,095,252	759,036	784,438	379,560	320,093	466,753	272,313	295,670	310,011	297,889	291,134	331,082
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	12,769	31,767	15,116	32,248	22,423	34,418	13,842	40,503	50,322	62,026	86,872	15,890	72,013	192,413
Group/Directors Accounts	99,189	127,359	99,359	99,687	0	21,829	37,357	103,083	0	0	0	44,117	27,719	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	195,423	203,094	97,695	187,488	0	106,823	40,079	80,400	0	0	0	0	0	0
total current liabilities	307,381	362,220	212,170	319,423	376,459	163,070	91,278	223,986	50,322	62,026	86,872	60,007	99,732	192,413
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	307,381	362,220	212,170	319,423	376,459	163,070	91,278	223,986	50,322	62,026	86,872	60,007	99,732	192,413
net assets	1,721,606	1,293,260	883,082	439,613	407,979	216,490	228,815	242,767	221,991	233,644	223,139	237,882	191,402	138,669
total shareholders funds	1,721,606	1,293,260	883,082	439,613	407,979	216,490	228,815	242,767	221,991	233,644	223,139	237,882	191,402	138,669

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	515,771	505,628	547,088	36,419	234,449	-13,251	-14,473	25,008	-12,572	12,473	-15,842	62,164	72,931	191,290
Depreciation	14,288	14,288	12,439	4,218	5,095	4,409	2,810	1,449	1,155	812	1,207	2,390	2,767	2,847
Amortisation	0	0	0	0	0	0	0	0	0	0	14,757	14,757	14,757	0
Tax	-100,476	-96,215	-104,024	-7,420	-44,917	0	0	-5,194	0	-3,138	0	-16,331	-20,507	-53,596
Stock	-10,849	1,460	-721	6,580	-2,890	-20,095	-62,435	66,711	17,331	107	-1,271	-1,113	8,662	9,343
Debtors	-12,255	850,080	234,530	276,988	-78,696	82,264	-40,691	44,650	19,279	25,020	-39,220	-87,571	-57,426	222,875
Creditors	-18,998	16,651	-17,132	9,825	-11,995	20,576	-26,661	-9,819	-11,704	-24,846	70,982	-56,123	-120,400	192,413
Accruals and Deferred Income	-7,671	105,399	-89,793	187,488	-106,823	66,744	-40,321	80,400	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	426,018	-305,789	114,769	-53,038	157,395	16,309	24,481	-19,517	-59,731	-39,826	111,595	95,541	-1,688	100,736
Investing Activities
capital expenditure	0	0	-35,720	-2,561	-3,378	-2,998	-4,578	-7,276	-1,357	-1,519	0	-320	-3,315	-51,423
Change in Investments	0	0	0	0	0	0	0	0	0	0	-5	0	0	5
cash flow from investments	0	0	-35,720	-2,561	-3,378	-2,998	-4,578	-7,276	-1,357	-1,519	5	-320	-3,315	-51,428
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-28,170	28,000	-328	99,687	-21,829	-15,528	-65,726	103,083	0	0	-44,117	16,398	27,719	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	850
interest	13,051	765	405	2,636	1,957	926	521	962	919	1,170	1,099	647	309	126
cash flow from financing	-15,119	28,765	77	102,323	-19,872	-14,602	-65,205	104,045	919	1,170	-43,018	17,045	28,028	976
cash and cash equivalents
cash	410,899	-277,024	79,126	27,860	153,008	-1,291	-45,302	77,252	-60,169	-40,175	68,582	112,266	23,025	50,283
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	410,899	-277,024	79,126	27,860	153,008	-1,291	-45,302	77,252	-60,169	-40,175	68,582	112,266	23,025	50,283

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STORETECH LIMITED group structure

Storetech Limited has no subsidiary companies.

Ultimate parent company

STORETECH LIMITED

03509775

STORETECH LIMITED Shareholders

andrew howarth	51%
melanie camilla rudland	49%

Storetech Limited currently has 2 directors. The longest serving directors include Mr Andrew Howarth (Feb 1998) and Kim Pilkington (Jan 2017).

officer	country	age	start	end	role
Mr Andrew Howarth		61 years	Feb 1998	-	Director
Kim Pilkington	United Kingdom	60 years	Jan 2017	-	Director

P&L

December 2022

turnover

471.5k

-25%

operating profit

515.8k

gross margin

45.4%

+1.62%

turnover

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

Balance Sheet

December 2022

net assets

1.7m

+0.33%

total assets

+0.23%

cash

578.3k

+2.45%

net assets

Total assets minus all liabilities

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company number

03509775

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

82990 - Other business support service activities n.e.c.

incorporation date

February 1998

ultimate parent company

None

previous names

retech limited (March 1998)

address

thorne lancaster parker, 5th flo, 1-4 argyll street, london, W1F 7TA

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 did not find charges/mortgages relating to storetech limited.

storetech limited Company Information

storetech limited Estimated Valuation

storetech limited Estimated Valuation

storetech limited Estimated Valuation

Storetech Limited Overview

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STORETECH LIMITED financials

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storetech limited Ownership

storetech limited directors

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