Solar Technology International Limited

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solar technology international limited Company Information

Live

MatureSmallHealthy

Company Number

04108507

Website

www.solartechnology.co.uk

Registered Address

unit 6 station drive, bredon, glos, GL20 7HH

Industry

Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.

Telephone

01684774006

Next Accounts Due

March 2025

Group Structure

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Directors

Wendy Simmons3 Years

Philip Simmons3 Years

View All

Shareholders

simmonsigns limited 100%

solar technology international limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of SOLAR TECHNOLOGY INTERNATIONAL LIMITED at £2m based on Net Assets of £991.4k and 2.01x industry multiple (adjusted for liquidity).

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Solar Technology International Limited is a live company located in glos, GL20 7HH with a Companies House number of 04108507. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46439. Founded in November 2000, it's largest shareholder is simmonsigns limited with a 100% stake. Solar Technology International Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Solar Technology International Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£23.1m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.9%)

EXPORT

Solar Technology International Limited's latest turnover from June 2023 is estimated at £3.4 million and the company has net assets of £991.4 thousand. According to their latest financial statements, Solar Technology International Limited has 12 employees and maintains cash reserves of £70.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	3,435,737	3,399,089	3,286,583	2,505,076	3,763,728	3,479,217	4,092,292	3,052,545	3,312,517	3,348,358	2,732,654	1,897,772	2,628,941	2,103,943
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,686,118	2,700,774	2,591,940	1,913,001	2,893,359	2,681,342	3,140,080	2,342,706	2,523,457	2,588,423	2,078,467	1,454,102	1,992,904	1,590,326
Gross Profit	749,619	698,316	694,643	592,074	870,369	797,875	952,211	709,839	789,060	759,935	654,187	443,669	636,038	513,617
Admin Expenses	1,271,492	697,815	518,239	768,388	728,897	727,057	694,496	692,775	744,038	990,282	470,793	176,500	477,687	-700,984
Operating Profit	-521,873	501	176,404	-176,314	141,472	70,818	257,715	17,064	45,022	-230,347	183,394	267,169	158,351	1,214,601
Interest Payable	0	0	3,660	3,660	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,773	3,077	585	807	5,317	2,744	1,447	2,705	2,027	1,793	1,519	1,099	1,257	865
Pre-Tax Profit	-517,100	3,578	173,330	-179,168	146,789	73,562	259,162	19,769	47,049	-228,554	184,913	268,268	159,608	1,215,467
Tax	0	-680	-32,933	0	-27,890	-13,977	-49,241	-3,954	-9,410	0	-42,530	-69,750	-44,690	-340,331
Profit After Tax	-517,100	2,898	140,397	-179,168	118,899	59,585	209,921	15,815	37,639	-228,554	142,383	198,518	114,918	875,136
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-517,100	2,898	140,397	-179,168	118,899	59,585	209,921	15,815	37,639	-228,554	142,383	198,518	114,918	875,136
Employee Costs	564,225	519,842	476,318	498,745	421,875	454,348	442,646	384,793	327,013	319,381	282,723	185,960	278,232	211,504
Number Of Employees	12	12	12	13	11	12	12	11	10	10	9	6	9	7
EBITDA*	-481,800	32,090	202,648	-168,445	146,228	78,588	265,550	27,621	57,895	-214,586	199,916	279,416	172,357	1,224,820

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	64,030	46,003	22,760	24,205	28,858	16,472	21,064	27,587	38,248	50,050	64,858	28,667	38,916	36,727
Intangible Assets	0	17,399	37,956	56,932	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	734,830	0	0
Total Fixed Assets	64,030	63,402	60,716	81,137	28,858	16,472	21,064	27,587	38,248	50,050	64,858	763,497	38,916	36,727
Stock & work in progress	738,121	906,338	469,533	387,251	444,328	409,923	352,452	292,912	338,507	332,312	375,728	410,164	584,176	372,471
Trade Debtors	478,136	382,939	455,656	250,400	676,931	743,680	938,382	591,035	756,490	728,966	697,674	0	455,051	373,336
Group Debtors	361,486	308,956	4,025	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	318,596	349,096	749,274	291,281	0	0	0	0	0	0	0	0	0	0
Cash	70,479	120,457	371,798	798,723	814,283	603,673	494,003	663,754	418,179	392,420	324,812	282,878	156,604	346,160
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,966,818	2,067,786	2,050,286	1,727,655	1,935,542	1,757,276	1,784,837	1,547,701	1,513,176	1,453,698	1,398,214	693,042	1,195,831	1,091,967
total assets	2,030,848	2,131,188	2,111,002	1,808,792	1,964,400	1,773,748	1,805,901	1,575,288	1,551,424	1,503,748	1,463,072	1,456,539	1,234,747	1,128,694
Bank overdraft	0	0	0	28,000	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	89,838	177,203	470,550	193,978	416,876	345,157	440,025	419,333	409,453	399,416	130,186	266,036	242,169	251,411
Group/Directors Accounts	511,155	313,729	0	22,543	0	0	0	0	0	0	0	0	0	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	427,310	130,624	132,022	104,434	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,028,303	621,556	602,572	348,955	416,876	345,157	440,025	419,333	409,453	399,416	130,186	266,036	242,169	251,411
loans	0	0	0	92,000	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	11,147	1,134	2,830	2,645	3,164	3,130	0	0	1,831	1,831	1,831	1,831	2,424	2,047
total long term liabilities	11,147	1,134	2,830	94,645	3,164	3,130	0	0	1,831	1,831	1,831	1,831	2,424	2,047
total liabilities	1,039,450	622,690	605,402	443,600	420,040	348,287	440,025	419,333	411,284	401,247	132,017	267,867	244,593	253,458
net assets	991,398	1,508,498	1,505,600	1,365,192	1,544,360	1,425,461	1,365,876	1,155,955	1,140,140	1,102,501	1,331,055	1,188,672	990,154	875,236
total shareholders funds	991,398	1,508,498	1,505,600	1,365,192	1,544,360	1,425,461	1,365,876	1,155,955	1,140,140	1,102,501	1,331,055	1,188,672	990,154	875,236

	Jun 2023	Jun 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-521,873	501	176,404	-176,314	141,472	70,818	257,715	17,064	45,022	-230,347	183,394	267,169	158,351	1,214,601
Depreciation	22,674	11,032	7,268	7,869	4,756	7,770	7,835	10,557	12,873	15,761	16,522	12,247	14,006	10,219
Amortisation	17,399	20,557	18,976	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-680	-32,933	0	-27,890	-13,977	-49,241	-3,954	-9,410	0	-42,530	-69,750	-44,690	-340,331
Stock	-168,217	436,805	82,282	-57,077	34,405	57,471	59,540	-45,595	6,195	-43,416	-34,436	-174,012	211,705	372,471
Debtors	117,227	-167,964	667,274	-135,250	-66,749	-194,702	347,347	-165,455	27,524	31,292	-37,156	279,779	81,715	373,336
Creditors	-87,365	-293,347	276,572	-222,898	71,719	-94,868	20,692	9,880	10,037	269,230	-135,850	23,867	-9,242	251,411
Accruals and Deferred Income	296,686	-1,398	27,588	104,434	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	10,013	-1,696	185	-519	34	3,130	0	-1,831	0	0	0	-593	377	2,047
Cash flow from operations	-211,476	-533,872	-275,496	-95,101	222,435	110,104	-169,886	242,766	24,803	66,768	93,128	127,173	-174,618	392,140
Investing Activities
capital expenditure	-40,701	-34,275	-5,823	-60,148	-17,142	-3,178	-1,312	104	-1,071	-953	-52,713	-1,998	-16,195	-46,946
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-40,701	-34,275	-5,823	-60,148	-17,142	-3,178	-1,312	104	-1,071	-953	-52,713	-1,998	-16,195	-46,946
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	197,426	313,729	-22,543	22,543	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-92,000	92,000	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	11	0	0	0	0	0	0	0	0	0	0	100
interest	4,773	3,077	-3,075	-2,853	5,317	2,744	1,447	2,705	2,027	1,793	1,519	1,099	1,257	865
cash flow from financing	202,199	316,806	-117,607	111,690	5,317	2,744	1,447	2,705	2,027	1,793	1,519	1,099	1,257	965
cash and cash equivalents
cash	-49,978	-251,341	-426,925	-15,560	210,610	109,670	-169,751	245,575	25,759	67,608	41,934	126,274	-189,556	346,160
overdraft	0	0	-28,000	28,000	0	0	0	0	0	0	0	0	0	0
change in cash	-49,978	-251,341	-398,925	-43,560	210,610	109,670	-169,751	245,575	25,759	67,608	41,934	126,274	-189,556	346,160

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for solar technology international limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in GL20 area or any other competitors across 12 key performance metrics.

SOLAR TECHNOLOGY INTERNATIONAL LIMITED group structure

Solar Technology International Limited has no subsidiary companies.

Ultimate parent company

SALOP HOLDINGS LIMITED

05477047

SIMMONSIGNS LIMITED

01923947

2 parents

SOLAR TECHNOLOGY INTERNATIONAL LIMITED

04108507

SOLAR TECHNOLOGY INTERNATIONAL LIMITED Shareholders

simmonsigns limited

100%

Solar Technology International Limited currently has 5 directors. The longest serving directors include Mrs Wendy Simmons (Mar 2021) and Mr Philip Simmons (Mar 2021).

officer	country	age	start	end	role
Mrs Wendy Simmons		64 years	Mar 2021	-	Director
Mr Philip Simmons		57 years	Mar 2021	-	Director
Mr Mark Simmons		55 years	Mar 2021	-	Director
Mr Gareth Owen	England	40 years	May 2023	-	Director
Rosalind McDonald	England	44 years	Jun 2023	-	Director

P&L

June 2023

turnover

3.4m

+1%

operating profit

-521.9k

gross margin

21.9%

+6.2%

turnover

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

Balance Sheet

June 2023

net assets

991.4k

-0.34%

total assets

-0.05%

cash

70.5k

-0.41%

net assets

Total assets minus all liabilities

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4.5

company number

04108507

Type

Private limited with Share Capital

industry

46439 - Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.

incorporation date

November 2000

accounts

Small Company

ultimate parent company

SALOP HOLDINGS LIMITED

previous names

N/A

last accounts submitted

June 2023

address

unit 6 station drive, bredon, glos, GL20 7HH

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 2 charges/mortgages relating to solar technology international limited. Currently there are 1 open charges and 1 have been satisfied in the past.

solar technology international limited Company Information

solar technology international limited Estimated Valuation

solar technology international limited Estimated Valuation

solar technology international limited Estimated Valuation

Solar Technology International Limited Overview

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SOLAR TECHNOLOGY INTERNATIONAL LIMITED financials

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