Pomanda estimates the enterprise value of SILVERSTRING LTD at £2.2m based on a Turnover of £3.1m and 0.69x industry multiple (adjusted for size and gross margin).
silverstring ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of SILVERSTRING LTD at £0 based on an EBITDA of £-748.9k and a 4.54x industry multiple (adjusted for size and gross margin).
silverstring ltdEstimated Valuation
£1.2m
Pomanda estimates the enterprise value of SILVERSTRING LTD at £1.2m based on Net Assets of £547.5k and 2.21x industry multiple (adjusted for liquidity).
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Silverstring LtdOverview
Silverstring Ltd is a live company located in banbury, OX15 4FF with a Companies House number of 04370585. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 2002, it's largest shareholder is
silverstring holdings limited
with a 100% stake. Silverstring Ltd is a mature,
small sized company, Pomanda has estimated its turnover at
£3.1m with
declining
growth in recent years.
Pomanda's financial health check has awarded Silverstring Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
1 Strong
4 Regular
6 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£4.5m)
£3.1m - Silverstring Ltd
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (9.1%)
-23% - Silverstring Ltd
9.1% - Industry AVG
Production
with a gross margin of 46%, this company has a comparable cost of product (46%)
46% - Silverstring Ltd
46% - Industry AVG
Profitability
an operating margin of -30.6% make it less profitable than the average company (5%)
-30.6% - Silverstring Ltd
5% - Industry AVG
Employees
with 15 employees, this is below the industry average (27)
15 - Silverstring Ltd
27 - Industry AVG
Pay Structure
on an average salary of £66.1k, the company has an equivalent pay structure (£66.1k)
£66.1k - Silverstring Ltd
£66.1k - Industry AVG
Efficiency
resulting in sales per employee of £209k, this is more efficient (£154.5k)
£209k - Silverstring Ltd
£154.5k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is later than average (57 days)
79 days - Silverstring Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (31 days)
32 days - Silverstring Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Silverstring Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (16 weeks)
5 weeks - Silverstring Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.9%, this is a similar level of debt than the average (59.2%)
58.9% - Silverstring Ltd
59.2% - Industry AVG
SILVERSTRING LTD financials
EXPORT
Silverstring Ltd's latest turnover from March 2024 is estimated at £3.1 million and the company has net assets of £547.5 thousand. According to their latest financial statements, Silverstring Ltd has 15 employees and maintains cash reserves of £69.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
3,135,352
6,657,079
6,627,289
6,855,637
8,039,615
8,991,726
10,982,579
5,904,362
6,676,823
9,957,328
13,185,510
7,630,069
5,102,443
8,170,273
9,559,306
Other Income Or Grants
Cost Of Sales
1,693,078
3,437,581
3,442,419
3,469,175
3,913,382
4,321,776
5,060,173
2,636,265
2,940,653
4,416,483
5,595,861
3,131,420
2,130,563
3,400,970
3,929,060
Gross Profit
1,442,274
3,219,498
3,184,870
3,386,461
4,126,233
4,669,950
5,922,406
3,268,097
3,736,170
5,540,844
7,589,649
4,498,649
2,971,880
4,769,303
5,630,246
Admin Expenses
2,401,597
3,250,317
3,167,778
3,084,148
3,882,161
4,332,501
5,264,542
3,220,657
4,457,443
5,278,365
7,304,634
4,174,250
2,818,587
5,128,496
5,000,817
Operating Profit
-959,323
-30,819
17,092
302,313
244,072
337,449
657,864
47,440
-721,273
262,479
285,015
324,399
153,293
-359,193
629,429
Interest Payable
5,865
Interest Receivable
16,143
18,489
4,550
582
269
3,250
2,966
1,576
6,060
7,518
6,029
5,252
4,099
3,159
1,440
Pre-Tax Profit
-949,046
-12,330
21,642
302,895
244,341
340,699
660,830
49,016
-715,213
269,997
291,044
329,651
157,392
-356,034
630,869
Tax
-4,112
-57,550
-46,425
-64,733
-125,558
-9,803
-56,699
-66,940
-79,116
-40,922
-176,643
Profit After Tax
-949,046
-12,330
17,530
245,345
197,916
275,966
535,272
39,213
-715,213
213,298
224,104
250,535
116,470
-356,034
454,226
Dividends Paid
Retained Profit
-949,046
-12,330
17,530
245,345
197,916
275,966
535,272
39,213
-715,213
213,298
224,104
250,535
116,470
-356,034
454,226
Employee Costs
992,161
1,007,245
1,175,960
1,216,372
1,237,950
1,191,884
1,153,958
1,215,789
1,274,779
3,834,386
5,010,000
2,864,702
1,926,431
3,115,616
3,760,909
Number Of Employees
15
16
20
22
23
21
21
22
23
69
93
55
37
62
74
EBITDA*
-748,880
203,573
181,856
404,905
249,960
345,489
668,544
61,015
-715,095
279,343
308,695
354,908
196,567
-323,642
676,386
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
16,063
17,066
7,800
10,501
11,953
16,322
21,686
27,563
12,543
32,939
46,058
58,353
82,815
119,993
103,435
Intangible Assets
155,638
358,171
478,197
264,994
6,943
13,019
16,801
20,582
24,364
18,180
Investments & Other
Debtors (Due After 1 year)
930,933
952,757
883,679
653,888
150,752
50,914
Total Fixed Assets
171,701
1,306,170
1,438,754
1,159,174
665,841
16,322
21,686
27,563
12,543
190,634
109,991
75,154
103,397
144,357
121,615
Stock & work in progress
Trade Debtors
682,746
1,398,525
1,414,308
1,446,334
1,923,359
2,369,371
2,822,681
1,190,283
1,284,046
1,480,824
2,024,129
1,118,563
685,687
1,212,699
1,503,593
Group Debtors
Misc Debtors
406,663
Cash
69,858
545,096
324,955
888,376
275,063
262,175
604,359
581,927
679,264
1,744,840
1,262,518
1,148,973
952,017
687,472
576,112
misc current assets
total current assets
1,159,267
1,943,621
1,739,263
2,334,710
2,198,422
2,631,546
3,427,040
1,772,210
1,963,310
3,225,664
3,286,647
2,267,536
1,637,704
1,900,171
2,079,705
total assets
1,330,968
3,249,791
3,178,017
3,493,884
2,864,263
2,647,868
3,448,726
1,799,773
1,975,853
3,416,298
3,396,638
2,342,690
1,741,101
2,044,528
2,201,320
Bank overdraft
Bank loan
Trade Creditors
149,615
1,584,353
1,428,107
1,625,617
1,617,657
1,348,908
2,674,950
1,562,956
1,778,249
2,513,509
2,707,147
1,877,303
1,526,249
1,946,146
1,746,904
Group/Directors Accounts
3,100
other short term finances
67,961
hp & lease commitments
124,688
other current liabilities
380,904
total current liabilities
726,268
1,584,353
1,428,107
1,625,617
1,617,657
1,348,908
2,674,950
1,562,956
1,778,249
2,513,509
2,707,147
1,877,303
1,526,249
1,946,146
1,746,904
loans
36,308
hp & lease commitments
18,609
Accruals and Deferred Income
other liabilities
166,581
240,682
376,297
249,799
provisions
2,313
2,341
382
654
635
1,106
1,687
total long term liabilities
57,230
168,922
241,064
376,951
635
250,905
1,687
total liabilities
783,498
1,753,275
1,669,171
2,002,568
1,618,292
1,599,813
2,676,637
1,562,956
1,778,249
2,513,509
2,707,147
1,877,303
1,526,249
1,946,146
1,746,904
net assets
547,470
1,496,516
1,508,846
1,491,316
1,245,971
1,048,055
772,089
236,817
197,604
902,789
689,491
465,387
214,852
98,382
454,416
total shareholders funds
547,470
1,496,516
1,508,846
1,491,316
1,245,971
1,048,055
772,089
236,817
197,604
902,789
689,491
465,387
214,852
98,382
454,416
Mar 2024
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
-959,323
-30,819
17,092
302,313
244,072
337,449
657,864
47,440
-721,273
262,479
285,015
324,399
153,293
-359,193
629,429
Depreciation
7,911
8,405
3,841
5,172
5,888
8,040
10,680
13,575
6,178
15,378
19,898
26,728
39,492
31,770
46,957
Amortisation
202,532
225,987
160,923
97,420
1,486
3,782
3,781
3,782
3,781
Tax
-4,112
-57,550
-46,425
-64,733
-125,558
-9,803
-56,699
-66,940
-79,116
-40,922
-176,643
Stock
Debtors
-1,240,049
-37,607
37,052
-247,234
207,876
-453,310
1,632,398
-93,763
-347,530
-443,467
956,480
432,876
-527,012
-290,894
1,503,593
Creditors
-1,434,738
156,246
-197,510
7,960
268,749
-1,326,042
1,111,994
-215,293
-735,260
-193,638
829,844
351,054
-419,897
199,242
1,746,904
Accruals and Deferred Income
380,904
Deferred Taxes & Provisions
-28
1,959
-272
19
-471
-581
1,687
Cash flow from operations
-562,693
399,385
-57,090
602,568
263,937
-592,557
24,269
-70,318
-1,102,825
472,473
115,119
193,970
262,760
166,494
743,054
Investing Activities
capital expenditure
-6,907
-123,632
-375,266
-366,134
-1,519
-2,676
-4,803
-28,595
21,161
2,331
-7,603
-2,266
-2,314
-58,293
-168,572
Change in Investments
cash flow from investments
-6,907
-123,632
-375,266
-366,134
-1,519
-2,676
-4,803
-28,595
21,161
2,331
-7,603
-2,266
-2,314
-58,293
-168,572
Financing Activities
Bank loans
Group/Directors Accounts
3,100
Other Short Term Loans
67,961
Long term loans
36,308
Hire Purchase and Lease Commitments
143,297
other long term liabilities
-166,581
-74,101
-135,615
376,297
-249,799
249,799
share issue
10,028
190
interest
10,278
18,489
4,550
582
269
3,250
2,966
1,576
6,060
7,518
6,029
5,252
4,099
3,159
1,440
cash flow from financing
94,363
-55,612
-131,065
376,879
-249,530
253,049
2,966
1,576
16,088
7,518
6,029
5,252
4,099
3,159
1,630
cash and cash equivalents
cash
-475,238
220,141
-563,421
613,313
12,888
-342,184
22,432
-97,337
-1,065,576
482,322
113,545
196,956
264,545
111,360
576,112
overdraft
change in cash
-475,238
220,141
-563,421
613,313
12,888
-342,184
22,432
-97,337
-1,065,576
482,322
113,545
196,956
264,545
111,360
576,112
silverstring ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for silverstring ltd. Get real-time insights into silverstring ltd's credit score, group structure and payment trends.
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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 silverstring ltd.
silverstring ltd 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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silverstring ltdCompanies House Filings - See Documents
