True Staging Ltd

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true staging ltd Company Information

Live

EstablishedMidRapid

Company Number

06582320

Website

www.truestaging.co.uk

Registered Address

1st floor 19 clifftown road, southend-on-sea, essex, SS1 1AB

Industry

Artistic creation

Telephone

01277658735

Next Accounts Due

March 2025

Group Structure

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Directors

David McCarthy16 Years

Chad Higgins16 Years

Shareholders

chad john higgins 26%

david james mccarthy 26%

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true staging ltd Estimated Valuation

£13.3m

Pomanda estimates the enterprise value of TRUE STAGING LTD at £13.3m based on an EBITDA of £1.8m and a 7.55x industry multiple (adjusted for size and gross margin).

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True Staging Ltd is a live company located in essex, SS1 1AB with a Companies House number of 06582320. It operates in the artistic creation sector, SIC Code 90030. Founded in May 2008, it's largest shareholder is chad john higgins with a 26% stake. True Staging Ltd is a established, mid sized company, Pomanda has estimated its turnover at £10.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded True Staging Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £10.5m, make it larger than the average company (£290.7k)

Growth

3 year (CAGR) sales growth of 96%, show it is growing at a faster rate (5%)

EXPORT

True Staging Ltd's latest turnover from June 2023 is estimated at £10.5 million and the company has net assets of £2.7 million. According to their latest financial statements, True Staging Ltd has 38 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Mar 2010
Turnover	10,530,036	3,355,832	1,013,401	1,405,117	3,400,002	5,139,102	6,963,158	4,949,576	3,817,381	3,258,314	2,639,295	2,764,514	1,737,306	720,625
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,559,438	1,521,902	465,684	626,072	1,443,774	2,265,477	2,900,829	2,988,180	2,235,913	1,898,494	1,746,063	1,799,363	1,117,758	499,304
Gross Profit	4,970,598	1,833,931	547,717	779,045	1,956,228	2,873,625	4,062,329	1,961,396	1,581,468	1,359,820	893,232	965,151	619,548	221,321
Admin Expenses	3,335,880	1,844,816	325,874	728,027	1,789,489	2,629,932	4,104,673	1,054,678	1,062,113	1,000,482	734,942	648,153	432,741	134,942
Operating Profit	1,634,718	-10,885	221,843	51,018	166,739	243,693	-42,344	906,718	519,355	359,338	158,290	316,998	186,807	86,379
Interest Payable	0	28,517	48,393	24,400	0	0	1,816	2,978	4,110	5,483	5,947	3,975	3,485	0
Interest Receivable	86,244	19,342	1,942	1,568	7,895	4,259	1,872	2,899	2,111	1,410	880	8	19	7
Pre-Tax Profit	1,720,963	-20,059	175,391	28,186	174,633	247,952	-40,472	906,639	517,356	355,265	153,223	313,031	183,341	86,386
Tax	-430,241	0	-33,324	-5,355	-33,180	-47,111	0	-183,155	-108,012	-76,875	-31,082	-74,660	-40,831	-17,863
Profit After Tax	1,290,722	-20,059	142,067	22,831	141,453	200,841	-40,472	723,484	409,344	278,390	122,141	238,371	142,510	68,523
Dividends Paid	0	0	0	0	0	0	0	360,000	150,000	144,600	200,000	36,000	46,160	21,000
Retained Profit	1,290,722	-20,059	142,067	22,831	141,453	200,841	-40,472	363,484	259,344	133,790	-77,859	202,371	96,350	47,523
Employee Costs	1,010,691	677,523	665,794	992,251	859,950	945,933	947,379	878,720	1,261,491	1,154,775	929,598	1,045,026	598,160	258,670
Number Of Employees	38	26	25	39	35	37	37	32	46	41	33	38	23	10
EBITDA*	1,757,747	58,531	289,672	129,912	250,856	321,436	16,577	967,037	566,553	388,992	183,137	336,368	203,405	89,436

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Mar 2010
Tangible Assets	539,817	500,037	342,391	409,805	452,289	446,458	310,194	272,210	330,605	243,372	163,758	93,318	81,421	12,941
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	539,817	500,037	342,391	409,805	452,289	446,458	310,194	272,210	330,605	243,372	163,758	93,318	81,421	12,941
Stock & work in progress	93,278	80,928	66,351	78,808	39,132	36,510	42,929	53,853	41,945	39,950	33,200	30,005	9,505	0
Trade Debtors	1,073,318	327,766	14,278	25,958	275,399	533,895	786,674	859,903	309,986	482,614	255,117	424,130	387,741	54,082
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	773,937	97,316	352,952	195,474	344,647	110,404	260,277	260,483	186,128	112,735	99,901	68,474	20,926	50,806
Cash	2,254,058	1,195,714	1,899,064	1,984,550	1,151,781	953,500	750,063	747,583	638,349	228,684	172,458	200,910	78,297	111,233
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,194,591	1,701,724	2,332,645	2,284,790	1,810,959	1,634,309	1,839,943	1,921,822	1,176,408	863,983	560,676	723,519	496,469	216,121
total assets	4,734,408	2,201,761	2,675,036	2,694,595	2,263,248	2,080,767	2,150,137	2,194,032	1,507,013	1,107,355	724,434	816,837	577,890	229,062
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	160,000	13,333	0	0	0	0	0	0	0	0	0	0
Trade Creditors	799,385	158,793	296,751	145,065	356,231	264,789	460,976	558,701	502,937	528,249	293,944	259,353	270,858	64,767
Group/Directors Accounts	0	0	0	0	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	11,421	14,150	21,187	27,203	26,161	13,420	10,560	5,941
other current liabilities	1,197,334	605,001	166,592	450,004	631,350	676,656	730,588	621,548	321,976	197,936	196,997	259,526	227,295	222,522
total current liabilities	1,996,719	763,794	623,343	608,402	987,581	941,445	1,202,985	1,194,399	846,100	753,388	517,102	532,299	508,713	293,230
loans	0	0	626,667	786,667	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	20,302	31,723	45,873	13,934	20,965	21,694	20,711	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	1,800	1,800	0	0	0	0
provisions	77,000	68,000	35,000	51,567	50,539	55,647	44,016	44,604	53,418	37,755	19,679	18,297	16,284	0
total long term liabilities	77,000	68,000	661,667	838,234	50,539	55,647	64,318	76,327	101,091	53,489	40,644	39,991	36,995	0
total liabilities	2,073,719	831,794	1,285,010	1,446,636	1,038,120	997,092	1,267,303	1,270,726	947,191	806,877	557,746	572,290	545,708	293,230
net assets	2,660,689	1,369,967	1,390,026	1,247,959	1,225,128	1,083,675	882,834	923,306	559,822	300,478	166,688	244,547	32,182	-64,168
total shareholders funds	2,660,689	1,369,967	1,390,026	1,247,959	1,225,128	1,083,675	882,834	923,306	559,822	300,478	166,688	244,547	32,182	-64,168

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Mar 2010
Operating Activities
Operating Profit	1,634,718	-10,885	221,843	51,018	166,739	243,693	-42,344	906,718	519,355	359,338	158,290	316,998	186,807	86,379
Depreciation	123,029	69,416	67,829	78,894	84,117	77,743	58,921	60,319	47,198	29,654	24,847	19,370	16,598	3,057
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-430,241	0	-33,324	-5,355	-33,180	-47,111	0	-183,155	-108,012	-76,875	-31,082	-74,660	-40,831	-17,863
Stock	12,350	14,577	-12,457	39,676	2,622	-6,419	-10,924	11,908	1,995	6,750	3,195	20,500	9,505	0
Debtors	1,422,173	57,852	145,798	-398,614	-24,253	-402,652	-73,435	624,272	-99,235	240,331	-137,586	83,937	303,779	104,888
Creditors	640,592	-137,958	151,686	-211,166	91,442	-196,187	-97,725	55,764	-25,312	234,305	34,591	-11,505	206,091	64,767
Accruals and Deferred Income	592,333	438,409	-283,412	-181,346	-45,306	-53,932	109,040	299,572	124,040	939	-62,529	32,231	4,773	222,522
Deferred Taxes & Provisions	9,000	33,000	-16,567	1,028	-5,108	11,631	-588	-8,814	15,663	18,076	1,382	2,013	16,284	0
Cash flow from operations	1,134,908	319,553	-25,286	92,011	280,335	444,908	111,663	494,224	670,172	318,356	259,890	180,010	76,438	253,974
Investing Activities
capital expenditure	-162,809	-227,062	-415	-36,410	-89,948	-214,007	-96,905	-1,924	-134,431	-109,268	-95,287	-31,267	-85,078	-15,998
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-162,809	-227,062	-415	-36,410	-89,948	-214,007	-96,905	-1,924	-134,431	-109,268	-95,287	-31,267	-85,078	-15,998
Financing Activities
Bank loans	0	-160,000	146,667	13,333	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	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	-626,667	-160,000	786,667	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-31,723	-14,150	-21,187	25,923	-5,989	12,012	3,843	25,330	5,941
other long term liabilities	0	0	0	0	0	0	0	-1,800	0	1,800	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	9,994	0	-111,691
interest	86,244	-9,175	-46,451	-22,832	7,895	4,259	56	-79	-1,999	-4,073	-5,067	-3,967	-3,466	7
cash flow from financing	86,244	-795,842	-59,784	777,168	7,895	-27,464	-14,094	-23,066	23,924	-8,262	6,945	9,870	21,864	-105,743
cash and cash equivalents
cash	1,058,344	-703,350	-85,486	832,769	198,281	203,437	2,480	109,234	409,665	56,226	-28,452	122,613	-32,936	111,233
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,058,344	-703,350	-85,486	832,769	198,281	203,437	2,480	109,234	409,665	56,226	-28,452	122,613	-32,936	111,233

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TRUE STAGING LTD group structure

True Staging Ltd has no subsidiary companies.

Ultimate parent company

TRUE STAGING LTD

06582320

TRUE STAGING LTD Shareholders

chad john higgins	26%
david james mccarthy	26%
kerry hyland	24%
elizabeth catherine higgins	24%

True Staging Ltd currently has 2 directors. The longest serving directors include Mr David McCarthy (May 2008) and Mr Chad Higgins (May 2008).

officer	country	age	start	end	role
Mr David McCarthy	United Kingdom	55 years	May 2008	-	Director
Mr Chad Higgins	United Kingdom	46 years	May 2008	-	Director

P&L

June 2023

turnover

10.5m

+214%

operating profit

1.6m

gross margin

47.3%

-13.62%

turnover

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

Balance Sheet

June 2023

net assets

2.7m

+0.94%

total assets

4.7m

+1.15%

cash

2.3m

+0.89%

net assets

Total assets minus all liabilities

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company number

06582320

Type

Private limited with Share Capital

industry

90030 - Artistic creation

incorporation date

May 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

1st floor 19 clifftown road, southend-on-sea, essex, SS1 1AB

last accounts submitted

June 2023

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 1 charges/mortgages relating to true staging ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

true staging ltd Company Information

true staging ltd Estimated Valuation

true staging ltd Estimated Valuation

true staging ltd Estimated Valuation

True Staging Ltd Overview

True Staging Ltd Health Check

TRUE STAGING LTD financials

true staging ltd Credit Report and Business Information

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true staging ltd Ownership

true staging ltd directors

true staging ltd company details

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true staging ltd Companies House Filings - See Documents