Sterling Power Products Limited

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sterling power products limited Company Information

Live

EstablishedSmallDeclining

Company Number

05338546

Next Accounts

Nov 2024

Industry

Manufacture of electronic components

Directors

Charles Sterling

Shareholders

sterling power products (holdings) limited

Group Structure

View All

Contact

Registered Address

unit 8 wassage way, hampton lovett industrial estate, droitwich, worcestershire, WR9 0NX

Website

sterling-power-product.myshopify.com

sterling power products limited Estimated Valuation

£10.8m

Pomanda estimates the enterprise value of STERLING POWER PRODUCTS LIMITED at £10.8m based on Net Assets of £5.2m and 2.09x industry multiple (adjusted for liquidity).

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Sterling Power Products Limited is a live company located in droitwich, WR9 0NX with a Companies House number of 05338546. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in January 2005, it's largest shareholder is sterling power products (holdings) limited with a 100% stake. Sterling Power Products Limited is a established, small sized company, Pomanda has estimated its turnover at £4.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Sterling Power Products Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £4.7m, make it smaller than the average company (£18.9m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.8%)

EXPORT

Sterling Power Products Limited's latest turnover from February 2023 is estimated at £4.7 million and the company has net assets of £5.2 million. According to their latest financial statements, Sterling Power Products Limited has 14 employees and maintains cash reserves of £148 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	4,705,019	6,054,778	5,810,206	5,016,569	4,539,471	4,618,580	4,101,308	5,306,596	7,687,292	5,437,854	7,107,198	6,972,277	5,032,138	3,221,641
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,282,705	4,204,377	4,165,194	3,518,643	3,176,321	3,259,430	2,842,543	3,777,383	5,468,771	3,849,821	4,995,199	4,859,424	3,459,535	2,249,035
Gross Profit	1,422,314	1,850,401	1,645,012	1,497,926	1,363,150	1,359,150	1,258,765	1,529,213	2,218,521	1,588,032	2,111,999	2,112,853	1,572,603	972,606
Admin Expenses	820,843	1,167,491	1,641,384	1,498,410	1,364,155	987,881	1,257,182	1,075,666	1,528,358	1,493,728	1,590,243	1,417,369	1,027,202	-1,148,253
Operating Profit	601,471	682,910	3,628	-484	-1,005	371,269	1,583	453,547	690,163	94,304	521,756	695,484	545,401	2,120,859
Interest Payable	3,806	3,019	1,525	0	0	0	0	0	0	317	317	0	0	0
Interest Receivable	5,351	701	142	733	1,197	1,273	398	279	188	78	58	167	272	134
Pre-Tax Profit	603,016	680,591	2,244	249	191	372,542	1,981	453,826	690,351	94,065	521,497	695,651	545,674	2,120,993
Tax	-114,573	-129,312	-426	-47	-36	-70,783	-396	-90,765	-144,974	-21,635	-125,159	-180,869	-152,789	-593,878
Profit After Tax	488,443	551,279	1,818	202	155	301,759	1,585	363,061	545,377	72,430	396,338	514,782	392,885	1,527,115
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	488,443	551,279	1,818	202	155	301,759	1,585	363,061	545,377	72,430	396,338	514,782	392,885	1,527,115
Employee Costs	612,123	628,864	714,440	728,260	676,772	624,122	613,593	613,227	2,106,455	1,582,268	1,933,628	1,823,546	1,319,460	883,447
Number Of Employees	14	15	17	17	17	16	16	16	57	43	55	53	39	26
EBITDA*	675,162	744,151	82,562	83,498	95,854	448,785	57,629	499,640	737,580	128,356	555,702	724,756	562,197	2,141,179

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	414,602	242,100	381,789	309,271	402,365	375,645	294,171	171,446	177,211	217,843	128,798	100,738	63,443	130,720
Intangible Assets	0	0	0	0	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	0	0	0
Total Fixed Assets	414,602	242,100	381,789	309,271	402,365	375,645	294,171	171,446	177,211	217,843	128,798	100,738	63,443	130,720
Stock & work in progress	3,799,131	3,518,596	3,731,659	3,506,069	2,921,242	2,749,887	2,364,999	2,433,289	2,440,935	2,048,241	2,081,752	2,071,631	1,589,881	1,038,121
Trade Debtors	998,945	1,477,895	1,120,111	846,055	895,795	1,013,600	881,729	1,267,789	1,409,994	996,143	1,328,495	1,309,899	892,432	606,751
Group Debtors	0	0	0	0	0	0	87,029	60,718	0	0	0	0	0	0
Misc Debtors	860,501	520,365	341,668	78,162	205,934	147,577	216,998	36,907	0	0	0	0	0	0
Cash	148,013	119,522	160,748	122,951	72,598	246,546	262,554	55,757	55,828	19,401	11,766	11,367	55,479	53,444
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,806,590	5,636,378	5,354,186	4,553,237	4,095,569	4,157,610	3,813,309	3,854,460	3,906,757	3,063,785	3,422,013	3,392,897	2,537,792	1,698,316
total assets	6,221,192	5,878,478	5,735,975	4,862,508	4,497,934	4,533,255	4,107,480	4,025,906	4,083,968	3,281,628	3,550,811	3,493,635	2,601,235	1,829,036
Bank overdraft	9,931	9,686	7,500	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	25,412	12,368	98,826	92,854	97,219	67,521	59,510	37,338	604,540	335,494	686,140	1,043,052	672,334	290,020
Group/Directors Accounts	740,133	845,010	1,214,515	510,649	119,646	70,683	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	149,649	264,727	188,013	90,643	71,738	148,985	144,707	144,924	0	0	0	0	0	0
total current liabilities	925,125	1,131,791	1,508,854	694,146	288,603	287,189	204,217	182,262	604,540	335,494	686,140	1,043,052	672,334	290,020
loans	23,281	33,213	42,500	0	0	0	0	0	0	0	9,750	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	51,310	0	0	0	24,229	66,126	38,466	0	0	1,083	0	0	0	0
provisions	64,246	44,687	67,113	52,672	69,614	64,607	51,223	31,655	30,500	41,500	23,800	15,800	8,900	11,900
total long term liabilities	138,837	77,900	109,613	52,672	93,843	130,733	89,689	31,655	30,500	42,583	33,550	15,800	8,900	11,900
total liabilities	1,063,962	1,209,691	1,618,467	746,818	382,446	417,922	293,906	213,917	635,040	378,077	719,690	1,058,852	681,234	301,920
net assets	5,157,230	4,668,787	4,117,508	4,115,690	4,115,488	4,115,333	3,813,574	3,811,989	3,448,928	2,903,551	2,831,121	2,434,783	1,920,001	1,527,116
total shareholders funds	5,157,230	4,668,787	4,117,508	4,115,690	4,115,488	4,115,333	3,813,574	3,811,989	3,448,928	2,903,551	2,831,121	2,434,783	1,920,001	1,527,116

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	601,471	682,910	3,628	-484	-1,005	371,269	1,583	453,547	690,163	94,304	521,756	695,484	545,401	2,120,859
Depreciation	73,691	61,241	78,934	83,982	96,859	77,516	56,046	46,093	47,417	34,052	33,946	29,272	16,796	20,320
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-114,573	-129,312	-426	-47	-36	-70,783	-396	-90,765	-144,974	-21,635	-125,159	-180,869	-152,789	-593,878
Stock	280,535	-213,063	225,590	584,827	171,355	384,888	-68,290	-7,646	392,694	-33,511	10,121	481,750	551,760	1,038,121
Debtors	-138,814	536,481	537,562	-177,512	-59,448	-24,579	-179,658	-44,580	413,851	-332,352	18,596	417,467	285,681	606,751
Creditors	13,044	-86,458	5,972	-4,365	29,698	8,011	22,172	-567,202	269,046	-350,646	-356,912	370,718	382,314	290,020
Accruals and Deferred Income	-115,078	76,714	97,370	18,905	-77,247	4,278	-217	144,924	0	0	0	0	0	0
Deferred Taxes & Provisions	19,559	-22,426	14,441	-16,942	5,007	13,384	19,568	1,155	-11,000	17,700	8,000	6,900	-3,000	11,900
Cash flow from operations	336,393	259,251	-563,233	-326,266	-58,631	43,366	346,704	39,978	44,107	139,638	52,914	22,288	-48,719	204,349
Investing Activities
capital expenditure	-246,193	78,448	-151,452	9,112	-123,579	-158,990	-178,771	-40,328	-6,785	-123,097	-62,006	-66,567	50,481	-151,040
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-246,193	78,448	-151,452	9,112	-123,579	-158,990	-178,771	-40,328	-6,785	-123,097	-62,006	-66,567	50,481	-151,040
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-104,877	-369,505	703,866	391,003	48,963	70,683	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	-9,932	-9,287	42,500	0	0	0	0	0	0	-9,750	9,750	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	51,310	0	0	-24,229	-41,897	27,660	38,466	0	-1,083	1,083	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	1,545	-2,318	-1,383	733	1,197	1,273	398	279	188	-239	-259	167	272	134
cash flow from financing	-61,954	-381,110	744,983	367,507	8,263	99,616	38,864	279	-895	-8,906	9,491	167	272	135
cash and cash equivalents
cash	28,491	-41,226	37,797	50,353	-173,948	-16,008	206,797	-71	36,427	7,635	399	-44,112	2,035	53,444
overdraft	245	2,186	7,500	0	0	0	0	0	0	0	0	0	0	0
change in cash	28,246	-43,412	30,297	50,353	-173,948	-16,008	206,797	-71	36,427	7,635	399	-44,112	2,035	53,444

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STERLING POWER PRODUCTS LIMITED group structure

Sterling Power Products Limited has no subsidiary companies.

Ultimate parent company

STERLING POWER PRODUCTS (HOLDINGS) LIMITED

08784968

1 parent

STERLING POWER PRODUCTS LIMITED

05338546

STERLING POWER PRODUCTS LIMITED Shareholders

sterling power products (holdings) limited

100%

Sterling Power Products Limited currently has 1 director, Mr Charles Sterling serving since Jan 2005.

officer	country	age	start	end	role
Mr Charles Sterling		65 years	Jan 2005	-	Director

P&L

February 2023

turnover

4.7m

-22%

operating profit

601.5k

gross margin

30.3%

-1.08%

turnover

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

Balance Sheet

February 2023

net assets

5.2m

+0.1%

total assets

6.2m

+0.06%

cash

148k

+0.24%

net assets

Total assets minus all liabilities

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company number

05338546

Type

Private limited with Share Capital

industry

26110 - Manufacture of electronic components

incorporation date

January 2005

ultimate parent company

STERLING POWER PRODUCTS (HOLDINGS) LIMITED

previous names

N/A

address

unit 8 wassage way, hampton lovett industrial estate, droitwich, worcestershire, WR9 0NX

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sterling power products limited Company Information

sterling power products limited Estimated Valuation

sterling power products limited Estimated Valuation

sterling power products limited Estimated Valuation

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STERLING POWER PRODUCTS LIMITED financials

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