silverstone funding (no.1) limited

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silverstone funding (no.1) limited Company Information

Share SILVERSTONE FUNDING (NO.1) LIMITED

Company Number

06612702

Shareholders

silverstone securitisation holdings ltd

Group Structure

View All

Industry

Other business support service activities n.e.c.

 

Registered Address

third floor 1 king's arms yard, london, EC2R 7AF

Website

-

silverstone funding (no.1) limited Estimated Valuation

£165.2m

Pomanda estimates the enterprise value of SILVERSTONE FUNDING (NO.1) LIMITED at £165.2m based on a Turnover of £266.7m and 0.62x industry multiple (adjusted for size and gross margin).

silverstone funding (no.1) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SILVERSTONE FUNDING (NO.1) LIMITED at £0 based on an EBITDA of £-16.6m and a 4.53x industry multiple (adjusted for size and gross margin).

silverstone funding (no.1) limited Estimated Valuation

£270.9k

Pomanda estimates the enterprise value of SILVERSTONE FUNDING (NO.1) LIMITED at £270.9k based on Net Assets of £127k and 2.13x industry multiple (adjusted for liquidity).

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Silverstone Funding (no.1) Limited Overview

Silverstone Funding (no.1) Limited is a live company located in london, EC2R 7AF with a Companies House number of 06612702. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2008, it's largest shareholder is silverstone securitisation holdings ltd with a 100% stake. Silverstone Funding (no.1) Limited is a established, mega sized company, Pomanda has estimated its turnover at £266.7m with rapid growth in recent years.

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Silverstone Funding (no.1) Limited Health Check

Pomanda's financial health check has awarded Silverstone Funding (No.1) Limited a 2 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 Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £266.7m, make it larger than the average company (£4.3m)

£266.7m - Silverstone Funding (no.1) Limited

£4.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 71%, show it is growing at a faster rate (9.1%)

71% - Silverstone Funding (no.1) Limited

9.1% - Industry AVG

production

Production

with a gross margin of 0.8%, this company has a higher cost of product (37.8%)

0.8% - Silverstone Funding (no.1) Limited

37.8% - Industry AVG

profitability

Profitability

an operating margin of -6.2% make it less profitable than the average company (5.6%)

-6.2% - Silverstone Funding (no.1) Limited

5.6% - Industry AVG

employees

Employees

with 1708 employees, this is above the industry average (25)

1708 - Silverstone Funding (no.1) Limited

25 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Silverstone Funding (no.1) Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £156.2k, this is equally as efficient (£156.2k)

£156.2k - Silverstone Funding (no.1) Limited

£156.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Silverstone Funding (no.1) Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Silverstone Funding (no.1) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Silverstone Funding (no.1) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (24 weeks)

1 weeks - Silverstone Funding (no.1) Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (60.2%)

100% - Silverstone Funding (no.1) Limited

60.2% - Industry AVG

SILVERSTONE FUNDING (NO.1) LIMITED financials

EXPORTms excel logo

Silverstone Funding (No.1) Limited's latest turnover from April 2024 is £266.7 million and the company has net assets of £127 thousand. According to their latest financial statements, we estimate that Silverstone Funding (No.1) Limited has 1,708 employees and maintains cash reserves of £215.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover266,747,000143,309,00044,276,00053,469,00066,484,00055,302,00041,530,00089,851,000119,252,000248,177,000317,785,000377,113,000348,467,000256,576,000291,410,000
Other Income Or Grants
Cost Of Sales264,757,000141,290,00043,442,00051,897,00063,265,00054,222,00040,152,00088,434,000117,645,000244,337,000317,360,000376,408,000347,754,000256,271,000291,068,000
Gross Profit1,990,0002,019,000834,0001,572,0003,219,0001,080,0001,378,0001,417,0001,607,0003,840,000425,000705,000713,000305,000342,000
Admin Expenses18,632,80020,858,4224,710,1882,024,5633,636,9943,766,0212,891,3082,085,5172,283,7529,956,2229,697,7966,170,243-675,051,274-1,300,464,933332,000
Operating Profit-16,642,800-18,839,422-3,876,188-452,563-417,994-2,686,021-1,513,308-668,517-676,752-6,116,222-9,272,796-5,465,243675,764,2741,300,769,93310,000
Interest Payable
Interest Receivable
Pre-Tax Profit10,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,000
Tax-3,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000
Profit After Tax7,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,000
Dividends Paid
Retained Profit7,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,0008,000
Employee Costs34,253,76468,891,03490,904,04996,471,567
Number Of Employees1,7089403204314914073117018931,8082,3792,7962,5912,0182,296
EBITDA*-16,642,800-18,839,422-3,876,188-452,563-417,994-2,686,021-1,513,308-668,517-676,752-6,116,222-9,272,796-5,465,243675,764,2741,300,769,93310,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
Group Debtors5,412,859,0004,730,935,0005,121,792,0004,768,917,0006,132,602,0002,617,298,0003,541,335,0003,265,329,0006,134,392,0006,651,761,00017,179,125,00019,638,190,00020,190,724,00019,309,427,00017,913,753,000
Misc Debtors1,571,00079,536,000110,030,00053,886,000
Cash215,311,000419,056,000468,007,000568,277,000356,602,000499,140,000219,766,000389,508,000153,207,000121,494,0002,328,995,0001,384,174,000806,079,0001,615,470,0001,362,536,000
misc current assets42,988,000
total current assets5,628,170,0005,149,991,0005,589,799,0005,337,194,0006,489,204,0003,116,438,0003,761,101,0003,654,837,0006,287,599,0006,774,826,00019,508,120,00021,101,900,00021,106,833,00020,978,783,00019,319,277,000
total assets5,628,170,0005,149,991,0005,589,799,0005,337,194,0006,489,204,0003,116,438,0003,761,101,0003,654,837,0006,287,599,0006,774,826,00019,508,120,00021,101,900,00021,106,833,00020,978,783,00019,319,277,000
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts5,627,793,0005,149,619,0005,589,364,0005,336,774,0006,489,053,0003,116,173,0003,760,525,0003,654,656,0006,147,817,0006,774,768,00019,507,826,00021,101,662,00021,106,679,000
other short term finances20,978,696,00019,273,739,000
hp & lease commitments
other current liabilities250,000252,000323,000316,00055,000177,000496,000109,000139,718,0002,000246,000198,000122,00063,00045,522,000
total current liabilities5,628,043,0005,149,871,0005,589,687,0005,337,090,0006,489,108,0003,116,350,0003,761,021,0003,654,765,0006,287,535,0006,774,770,00019,508,072,00021,101,860,00021,106,801,00020,978,759,00019,319,261,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities5,628,043,0005,149,871,0005,589,687,0005,337,090,0006,489,108,0003,116,350,0003,761,021,0003,654,765,0006,287,535,0006,774,770,00019,508,072,00021,101,860,00021,106,801,00020,978,759,00019,319,261,000
net assets127,000120,000112,000104,00096,00088,00080,00072,00064,00056,00048,00040,00032,00024,00016,000
total shareholders funds127,000120,000112,000104,00096,00088,00080,00072,00064,00056,00048,00040,00032,00024,00016,000
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-16,642,800-18,839,422-3,876,188-452,563-417,994-2,686,021-1,513,308-668,517-676,752-6,116,222-9,272,796-5,465,243675,764,2741,300,769,93310,000
Depreciation
Amortisation
Tax-3,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000-2,000
Stock
Debtors681,924,000-390,857,000352,875,000-1,363,685,0003,515,304,000-924,037,000276,006,000-2,869,063,000-518,940,000-10,525,793,000-2,538,601,000-583,028,000937,441,0001,449,560,00017,913,753,000
Creditors
Accruals and Deferred Income-2,000-71,0007,000261,000-122,000-319,000387,000-139,609,000139,716,000-244,00048,00076,00059,000-45,459,00045,522,000
Deferred Taxes & Provisions
Cash flow from operations-698,571,800371,944,578-356,746,1881,363,491,437-3,515,845,994921,029,979-277,134,3082,728,783,483657,977,24810,519,430,7782,529,374,204577,636,757-261,619,726-194,251,067-17,868,223,000
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts478,174,000-439,745,000252,590,000-1,152,279,0003,372,880,000-644,352,000105,869,000-2,493,161,000-626,951,000-12,733,058,000-1,593,836,000-5,017,00021,106,679,000
Other Short Term Loans -20,978,696,0001,704,957,00019,273,739,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue8,000
interest
cash flow from financing478,174,000-439,745,000252,590,000-1,152,279,0003,372,880,000-644,352,000105,869,000-2,493,161,000-626,951,000-12,733,058,000-1,593,836,000-5,017,000127,983,0001,704,957,00019,273,747,000
cash and cash equivalents
cash-203,745,000-48,951,000-100,270,000211,675,000-142,538,000279,374,000-169,742,000236,301,00031,713,000-2,207,501,000944,821,000578,095,000-809,391,000252,934,0001,362,536,000
overdraft
change in cash-203,745,000-48,951,000-100,270,000211,675,000-142,538,000279,374,000-169,742,000236,301,00031,713,000-2,207,501,000944,821,000578,095,000-809,391,000252,934,0001,362,536,000

silverstone funding (no.1) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Silverstone Funding (no.1) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for silverstone funding (no.1) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in EC2R area or any other competitors across 12 key performance metrics.

silverstone funding (no.1) limited Ownership

SILVERSTONE FUNDING (NO.1) LIMITED group structure

Silverstone Funding (No.1) Limited has no subsidiary companies.

Ultimate parent company

1 parent

SILVERSTONE FUNDING (NO.1) LIMITED

06612702

SILVERSTONE FUNDING (NO.1) LIMITED Shareholders

silverstone securitisation holdings ltd 100%

silverstone funding (no.1) limited directors

Silverstone Funding (No.1) Limited currently has 4 directors. The longest serving directors include Mr Daniel Wynne (Apr 2017) and Mr Ioannis Kyriakopoulos (Mar 2019).

officercountryagestartendrole
Mr Daniel WynneUnited Kingdom54 years Apr 2017- Director
Mr Ioannis KyriakopoulosUnited Kingdom50 years Mar 2019- Director
Mr Muir Mathieson50 years Mar 2020- Director
Mr Robert Collins57 years Sep 2024- Director

P&L

April 2024

turnover

266.7m

+86%

operating profit

-16.6m

0%

gross margin

0.8%

-47.05%

turnover

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

Balance Sheet

April 2024

net assets

127k

+0.06%

total assets

5.6b

+0.09%

cash

215.3m

-0.49%

net assets

Total assets minus all liabilities

silverstone funding (no.1) limited company details

company number

06612702

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

June 2008

age

17

incorporated

UK

accounts

Full Accounts

last accounts submitted

April 2024

previous names

N/A

accountant

-

auditor

ERNST & YOUNG LLP

address

third floor 1 king's arms yard, london, EC2R 7AF

Bank

-

Legal Advisor

-

silverstone funding (no.1) limited Charges & Mortgages

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 3 charges/mortgages relating to silverstone funding (no.1) limited. Currently there are 3 open charges and 0 have been satisfied in the past.

silverstone funding (no.1) limited 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.

Click to start generating capital raising & share issue transactions for SILVERSTONE FUNDING (NO.1) LIMITED. This can take several minutes, an email will notify you when this has completed.

silverstone funding (no.1) limited Companies House Filings - See Documents

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