Stirlin Developments Limited

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stirlin developments limited Company Information

Company Number

06390806

Next Accounts

Jul 2025

Directors

James Kirby

Joanna Kirby

Shareholders

stirlin group limited

Group Structure

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Industry

Construction of commercial buildings

Registered Address

11 sadler court stirlin point, lincoln, lincolnshire, LN6 3RG

Website

www.stirlin.com

stirlin developments limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of STIRLIN DEVELOPMENTS LIMITED at £1.6m based on an EBITDA of £461.2k and a 3.51x industry multiple (adjusted for size and gross margin).

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Stirlin Developments Limited is a live company located in lincolnshire, LN6 3RG with a Companies House number of 06390806. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in October 2007, it's largest shareholder is stirlin group limited with a 100% stake. Stirlin Developments Limited is a established, small sized company, Pomanda has estimated its turnover at £4.8m with declining growth in recent years.

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

Health Rating4out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £4.8m, make it smaller than the average company (£9.6m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (6%)

EXPORT

Stirlin Developments Limited's latest turnover from October 2023 is estimated at £4.8 million and the company has net assets of £850.2 thousand. According to their latest financial statements, Stirlin Developments Limited has 23 employees and maintains cash reserves of £392.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	4,787,960	5,998,485	6,229,753	4,824,959	9,211,577	7,153,455	4,942,325	3,787,331	3,231,502	3,147,002	2,265,599	1,992,582	2,198,704	2,432,028
Other Income Or Grants
Cost Of Sales	4,031,759	5,041,364	5,269,006	4,079,554	7,670,383	5,970,806	4,118,595	3,188,485	2,771,891	2,720,102	1,954,916	1,722,834	1,862,711	2,028,600
Gross Profit	756,201	957,121	960,747	745,404	1,541,195	1,182,649	823,731	598,846	459,610	426,901	310,683	269,749	335,993	403,428
Admin Expenses	353,852	848,667	577,198	800,233	1,433,604	1,143,177	806,417	478,147	440,874	553,700	274,464	175,793	404,839	139,481	91,449
Operating Profit	402,349	108,454	383,549	-54,829	107,591	39,472	17,314	120,699	18,736	-126,799	36,219	93,956	-68,846	263,947	-91,449
Interest Payable	26,016	25,266	21,922	11,438
Interest Receivable	20,163	5,880	157	357	3,337	1,927	311	186	217	127	163	287	778	578	14
Pre-Tax Profit	396,496	89,068	361,784	-65,909	110,928	41,399	17,625	120,885	18,954	-126,672	36,382	94,243	-68,068	264,525	-91,435
Tax	-99,124	-16,923	-68,739		-21,076	-7,866	-3,349	-24,177	-3,791		-8,368	-22,618		-74,067
Profit After Tax	297,372	72,145	293,045	-65,909	89,852	33,533	14,276	96,708	15,163	-126,672	28,014	71,625	-68,068	190,458	-91,435
Dividends Paid
Retained Profit	297,372	72,145	293,045	-65,909	89,852	33,533	14,276	96,708	15,163	-126,672	28,014	71,625	-68,068	190,458	-91,435
Employee Costs	1,230,154	1,140,004	1,061,819	927,824	1,710,619	1,792,542	1,259,492	562,756	410,211	440,770	347,339	306,144	374,089	403,848
Number Of Employees	23	22	22	19	35	38	28	13	10	11	9	8	10	11
EBITDA*	461,238	177,259	436,777	13,530	189,420	181,891	37,231	169,038	46,152	-118,805	45,515	104,624	-57,737	270,977	-84,760

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	258,301	261,590	325,305	215,721	347,782	546,669	696,902	386,047	98,314	72,359	20,553	25,173	25,486	13,228	11,860
Intangible Assets						500	4,000	7,500	6,000	9,000	12,000	15,000	18,000	21,000	24,000
Investments & Other	1	1	1	1	1	1	1	1	1
Debtors (Due After 1 year)
Total Fixed Assets	258,302	261,591	325,306	215,722	347,783	547,170	700,903	393,548	104,315	81,359	32,553	40,173	43,486	34,228	35,860
Stock & work in progress	117,086	53,658			352,500	58,000	713,909	690,598	493,217	479,286	317,322	306,129	248,614	311,006	782,860
Trade Debtors	542,867	682,508	1,012,013	413,986	433,868	494,988	296,875	179,829	136,247	134,056	152,311	90,758	141,172	117,036	3,605
Group Debtors	1,083,772	1,081,368	451,131	456,486	411,917
Misc Debtors	453,797	838,666	1,038,198	926,877	1,007,489	1,639,743	654,367	131,410
Cash	392,555	375,550	147,093	166,302	548,082	341,909	171,967	76,806	71,944	15,042	35,789	29,412	85,499	225,510	5,728
misc current assets									83,364	51,837	140,311	152,892
total current assets	2,590,077	3,031,750	2,648,435	1,963,651	2,753,856	2,534,640	1,837,118	1,078,643	784,772	680,221	645,733	579,191	475,285	653,552	792,193
total assets	2,848,379	3,293,341	2,973,741	2,179,373	3,101,639	3,081,810	2,538,021	1,472,191	889,087	761,580	678,286	619,364	518,771	687,780	828,053
Bank overdraft	75,000	75,000	75,000	31,250
Bank loan
Trade Creditors	552,568	936,078	685,241	680,674	1,967,600	1,057,036	480,567	485,640	543,283	528,285	368,481	327,544	392,356	435,879	769,388
Group/Directors Accounts	234,790	189,524	11,021	9,021
other short term finances
hp & lease commitments	58,987	51,559	58,266	55,531	89,683	136,630	123,706	76,086
other current liabilities	540,836	768,510	833,068	602,989	377,323	1,150,831	949,328	102,203
total current liabilities	1,462,181	2,020,671	1,662,596	1,379,465	2,434,606	2,344,497	1,553,601	663,929	543,283	528,285	368,481	327,544	392,356	435,879	769,388
loans	118,750	193,750	268,750	343,750
hp & lease commitments	158,608	142,890	172,507	71,284	126,921	272,786	454,734	252,858
Accruals and Deferred Income
other liabilities	194,058	333,493	327,390	156,242	222,624	244,625	335,196	387,995	306,956	214,801	175,000	184,105	90,262	150,000	150,000
provisions	64,575	49,702	61,808	40,987	63,934	56,200	64,321	51,516	19,663	14,472	4,111	5,035	5,098	2,778
total long term liabilities	535,991	719,835	830,455	612,263	413,479	573,611	854,251	692,369	326,619	229,273	179,111	189,140	95,360	152,778	150,000
total liabilities	1,998,172	2,740,506	2,493,051	1,991,728	2,848,085	2,918,108	2,407,852	1,356,298	869,902	757,558	547,592	516,684	487,716	588,657	919,388
net assets	850,207	552,835	480,690	187,645	253,554	163,702	130,169	115,893	19,185	4,022	130,694	102,680	31,055	99,123	-91,335
total shareholders funds	850,207	552,835	480,690	187,645	253,554	163,702	130,169	115,893	19,185	4,022	130,694	102,680	31,055	99,123	-91,335

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	402,349	108,454	383,549	-54,829	107,591	39,472	17,314	120,699	18,736	-126,799	36,219	93,956	-68,846	263,947	-91,449
Depreciation	58,889	68,805	53,228	68,359	81,329	138,919	16,417	44,839	24,416	4,994	6,296	7,668	8,109	4,030	3,689
Amortisation					500	3,500	3,500	3,500	3,000	3,000	3,000	3,000	3,000	3,000	3,000
Tax	-99,124	-16,923	-68,739		-21,076	-7,866	-3,349	-24,177	-3,791		-8,368	-22,618		-74,067
Stock	63,428	53,658		-352,500	294,500	-655,909	23,311	197,381	13,931	161,964	11,193	57,515	-62,392	-471,854	782,860
Debtors	-522,106	101,200	703,993	-55,925	-281,457	1,183,489	640,003	174,992	2,191	-18,255	61,553	-50,414	24,136	113,431	3,605
Creditors	-383,510	250,837	4,567	-1,286,926	910,564	576,469	-5,073	-57,643	14,998	159,804	40,937	-64,812	-43,523	-333,509	769,388
Accruals and Deferred Income	-227,674	-64,558	230,079	225,666	-773,508	201,503	847,125	102,203
Deferred Taxes & Provisions	14,873	-12,106	20,821	-22,947	7,734	-8,121	12,805	31,853	5,191	10,361	-924	-63	2,320	2,778
Cash flow from operations	224,481	179,651	-80,488	-662,252	300,091	416,296	225,425	-151,099	46,428	-92,349	4,414	10,030	-60,684	224,602	-101,837
Investing Activities
capital expenditure	-55,600	-5,090	-162,812	63,702	117,558	11,314	-327,272	-337,572	-50,371	-56,800	-1,676	-7,355	-20,367	-5,398	-42,549
Change in Investments									1
cash flow from investments	-55,600	-5,090	-162,812	63,702	117,558	11,314	-327,272	-337,572	-50,372	-56,800	-1,676	-7,355	-20,367	-5,398	-42,549
Financing Activities
Bank loans
Group/Directors Accounts	45,266	178,503	2,000	9,021
Other Short Term Loans
Long term loans	-75,000	-75,000	-75,000	343,750
Hire Purchase and Lease Commitments	23,146	-36,324	103,958	-89,789	-192,812	-169,024	249,496	328,944
other long term liabilities	-139,435	6,103	171,148	-66,382	-22,001	-90,571	-52,799	81,039	92,155	39,801	-9,105	93,843	-59,738		150,000
share issue															100
interest	-5,853	-19,386	-21,765	-11,081	3,337	1,927	311	186	217	127	163	287	778	578	14
cash flow from financing	-151,876	53,896	180,341	185,519	-211,476	-257,668	197,008	410,169	92,372	39,928	-8,942	94,130	-58,960	578	150,114
cash and cash equivalents
cash	17,005	228,457	-19,209	-381,780	206,173	169,942	95,161	4,862	56,902	-20,747	6,377	-56,087	-140,011	219,782	5,728
overdraft			43,750	31,250
change in cash	17,005	228,457	-62,959	-413,030	206,173	169,942	95,161	4,862	56,902	-20,747	6,377	-56,087	-140,011	219,782	5,728

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STIRLIN DEVELOPMENTS LIMITED group structure

Stirlin Developments Limited has 1 subsidiary company.

Ultimate parent company

STIRLIN GROUP LIMITED

10473257

1 parent

STIRLIN DEVELOPMENTS LIMITED

06390806

1 subsidiary

STIRLIN MANAGEMENT LIMITED

07344094

STIRLIN DEVELOPMENTS LIMITED Shareholders

stirlin group limited

100%

Stirlin Developments Limited currently has 2 directors. The longest serving directors include Mr James Kirby (Oct 2007) and Mrs Joanna Kirby (Jun 2015).

officer	country	age	start	end	role
Mr James Kirby	England	48 years	Oct 2007	-	Director
Mrs Joanna Kirby	England	42 years	Jun 2015	-	Director

P&L

October 2023

turnover

4.8m

-20%

operating profit

402.3k

gross margin

15.8%

-1.02%

turnover

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

Balance Sheet

October 2023

net assets

850.2k

+0.54%

total assets

2.8m

-0.14%

cash

392.6k

+0.05%

net assets

Total assets minus all liabilities

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company number

06390806

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

October 2007

ultimate parent company

STIRLIN GROUP LIMITED

previous names

N/A

address

11 sadler court stirlin point, lincoln, lincolnshire, LN6 3RG

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 4 charges/mortgages relating to stirlin developments limited. Currently there are 2 open charges and 2 have been satisfied in the past.

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stirlin developments limited Company Information

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stirlin developments limited Estimated Valuation

stirlin developments limited Estimated Valuation

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