silverstone master issuer plc
silverstone master issuer plc Company Information
Company Number
06612744
Website
-Registered Address
third floor 1 king's arms yard, london, EC2R 7AF
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
October 2025
Group Structure
View All
Shareholders
silverstone securitisation holdings ltd 100%
wilmington trust sp services (london) ltd 0%
silverstone master issuer plc Estimated Valuation
Pomanda estimates the enterprise value of SILVERSTONE MASTER ISSUER PLC at £168.7m based on a Turnover of £266.6m and 0.63x industry multiple (adjusted for size and gross margin).
silverstone master issuer plc Estimated Valuation
Pomanda estimates the enterprise value of SILVERSTONE MASTER ISSUER PLC at £2.9b based on an EBITDA of £595.9m and a 4.84x industry multiple (adjusted for size and gross margin).
silverstone master issuer plc Estimated Valuation
Pomanda estimates the enterprise value of SILVERSTONE MASTER ISSUER PLC at £220.6k based on Net Assets of £86k and 2.57x industry multiple (adjusted for liquidity).
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Silverstone Master Issuer Plc Overview
Silverstone Master Issuer Plc is a live company located in london, EC2R 7AF with a Companies House number of 06612744. 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 Master Issuer Plc is a established, mega sized company, Pomanda has estimated its turnover at £266.6m with rapid growth in recent years.
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Silverstone Master Issuer Plc Health Check
Pomanda's financial health check has awarded Silverstone Master Issuer Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
3 Weak
Size
annual sales of £266.6m, make it larger than the average company (£4.6m)
£266.6m - Silverstone Master Issuer Plc
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 71%, show it is growing at a faster rate (9.1%)
71% - Silverstone Master Issuer Plc
9.1% - Industry AVG
Production
with a gross margin of 0.7%, this company has a higher cost of product (36.9%)
0.7% - Silverstone Master Issuer Plc
36.9% - Industry AVG
Profitability
an operating margin of 223.5% make it more profitable than the average company (5.5%)
223.5% - Silverstone Master Issuer Plc
5.5% - Industry AVG
Employees
with 1622 employees, this is above the industry average (26)
- Silverstone Master Issuer Plc
26 - Industry AVG
Pay Structure
on an average salary of £52.5k, the company has an equivalent pay structure (£52.5k)
- Silverstone Master Issuer Plc
£52.5k - Industry AVG
Efficiency
resulting in sales per employee of £164.4k, this is equally as efficient (£164.4k)
- Silverstone Master Issuer Plc
£164.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Silverstone Master Issuer Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Silverstone Master Issuer Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Silverstone Master Issuer Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (23 weeks)
0 weeks - Silverstone Master Issuer Plc
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (61.9%)
100% - Silverstone Master Issuer Plc
61.9% - Industry AVG
SILVERSTONE MASTER ISSUER PLC financials
Silverstone Master Issuer Plc's latest turnover from April 2024 is £266.6 million and the company has net assets of £86 thousand. According to their latest financial statements, we estimate that Silverstone Master Issuer Plc has 1,622 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 266,644,000 | 143,191,000 | 44,307,000 | 53,094,000 | 66,249,000 | 54,720,000 | 46,373,000 | 103,874,000 | 131,398,000 | 257,204,000 | 317,748,000 | 391,017,000 | 356,825,000 | 273,366,000 | 297,736,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 264,762,000 | 141,280,000 | 43,442,000 | 51,856,000 | 63,027,000 | 53,404,000 | 45,358,000 | 102,623,000 | 129,996,000 | 253,421,000 | 329,261,000 | 382,277,000 | 361,717,000 | 273,064,000 | 297,579,000 |
| Gross Profit | 1,882,000 | 1,911,000 | 865,000 | 1,238,000 | 3,222,000 | 1,316,000 | 1,015,000 | 1,251,000 | 1,402,000 | 3,783,000 | -11,513,000 | 8,740,000 | -4,892,000 | 302,000 | 157,000 |
| Admin Expenses | 7,556,000 | ||||||||||||||
| Operating Profit | -3,773,000 | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,090,000 | -705,000 | -1,078,000 | 476,000 | 4,122,000 | -1,559,000 | 2,083,000 | -398,000 | -3,537,000 | 2,423,000 | -1,555,000 | -8,408,000 | -3,053,000 | 9,537,000 | 613,000 |
| 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 Tax | 1,087,000 | -707,000 | -1,080,000 | 474,000 | 4,120,000 | -1,561,000 | 2,081,000 | -400,000 | -3,539,000 | 2,421,000 | -1,557,000 | -8,410,000 | -3,055,000 | 9,535,000 | 611,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,087,000 | -707,000 | -1,080,000 | 474,000 | 4,120,000 | -1,561,000 | 2,081,000 | -400,000 | -3,539,000 | 2,421,000 | -1,557,000 | -8,410,000 | -3,055,000 | 9,535,000 | 611,000 |
| Employee Costs | 0 | 0 | 0 | ||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | -3,773,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 5,630,704,000 | 5,152,148,000 | 5,591,593,000 | 5,338,859,000 | 6,443,677,000 | 3,117,329,000 | 3,763,666,000 | 3,656,204,000 | 6,174,742,000 | 6,778,288,000 | 19,512,757,000 | 21,108,088,000 | 21,114,410,000 | 20,979,180,000 | 19,320,494,000 |
| Misc Debtors | 0 | 0 | 38,000 | 0 | 0 | 0 | 0 | 0 | 37,000 | 37,000 | 37,000 | 93,000 | 112,000 | 98,000 | 93,000 |
| Cash | 1,474,000 | 112,000 | 0 | 0 | 2,000 | 0 | 118,000 | 123,000 | 0 | 1,983,000 | 50,000 | 44,000 | 36,000 | 26,000 | 18,000 |
| misc current assets | 7,741,000 | 16,109,000 | 17,491,000 | 42,287,000 | 308,486,000 | 271,848,000 | 238,460,000 | 425,347,000 | 220,635,000 | 148,958,000 | 49,321,000 | 228,797,000 | 77,005,000 | 24,744,000 | 22,945,000 |
| total current assets | 5,639,919,000 | 5,168,369,000 | 5,609,122,000 | 5,381,146,000 | 6,752,165,000 | 3,389,177,000 | 4,002,244,000 | 4,081,674,000 | 6,395,414,000 | 6,929,266,000 | 19,562,165,000 | 21,337,022,000 | 21,191,563,000 | 21,004,048,000 | 19,343,550,000 |
| total assets | 5,639,919,000 | 5,168,369,000 | 5,609,122,000 | 5,381,146,000 | 6,752,165,000 | 3,389,177,000 | 4,002,244,000 | 4,081,674,000 | 6,395,414,000 | 6,929,266,000 | 19,562,165,000 | 21,337,022,000 | 21,191,563,000 | 21,004,048,000 | 19,343,550,000 |
| Bank overdraft | 0 | 0 | 2,000 | 0 | 0 | 0 | 0 | 0 | 232,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,900,000 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 5,638,581,000 | 5,169,521,000 | 5,611,523,000 | 5,380,657,000 | 6,752,053,000 | 3,392,941,000 | 4,004,235,000 | 4,085,908,000 | 6,399,116,000 | 6,927,761,000 | 19,564,981,000 | 21,289,026,000 | 21,067,398,000 | 20,980,265,000 | 19,342,879,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,252,000 | 2,000 | 2,000 | 5,000 | 44,000 | 52,000 | 264,000 | 102,000 | 2,000 | 2,000 | 2,000 | 49,257,000 | 117,016,000 | 13,579,000 | 2,000 |
| total current liabilities | 5,639,833,000 | 5,169,523,000 | 5,611,527,000 | 5,380,662,000 | 6,752,097,000 | 3,392,993,000 | 4,004,499,000 | 4,086,010,000 | 6,399,350,000 | 6,929,663,000 | 19,564,983,000 | 21,338,283,000 | 21,184,414,000 | 20,993,844,000 | 19,342,881,000 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 5,639,833,000 | 5,169,523,000 | 5,611,527,000 | 5,380,662,000 | 6,752,097,000 | 3,392,993,000 | 4,004,499,000 | 4,086,010,000 | 6,399,350,000 | 6,929,663,000 | 19,564,983,000 | 21,338,283,000 | 21,184,414,000 | 20,993,844,000 | 19,342,881,000 |
| net assets | 86,000 | -1,154,000 | -2,405,000 | 484,000 | 68,000 | -3,816,000 | -2,255,000 | -4,336,000 | -3,936,000 | -397,000 | -2,818,000 | -1,261,000 | 7,149,000 | 10,204,000 | 669,000 |
| total shareholders funds | 86,000 | -1,154,000 | -2,405,000 | 484,000 | 68,000 | -3,816,000 | -2,255,000 | -4,336,000 | -3,936,000 | -397,000 | -2,818,000 | -1,261,000 | 7,149,000 | 10,204,000 | 669,000 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -3,773,000 | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 478,556,000 | -439,483,000 | 252,772,000 | -1,104,818,000 | 3,326,348,000 | -646,337,000 | 107,462,000 | -2,518,575,000 | -603,546,000 | -12,734,469,000 | -1,595,387,000 | -6,341,000 | 135,244,000 | 1,658,691,000 | 19,320,587,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,250,000 | 0 | -3,000 | -39,000 | -8,000 | -212,000 | 162,000 | 100,000 | 0 | 0 | -49,255,000 | -67,759,000 | 103,437,000 | 13,577,000 | 2,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 12,730,694,000 | ||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,900,000 | 1,900,000 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 469,060,000 | -442,002,000 | 230,866,000 | -1,371,396,000 | 3,359,112,000 | -611,294,000 | -81,673,000 | -2,313,208,000 | -528,645,000 | -12,637,220,000 | -1,724,045,000 | 221,628,000 | 87,133,000 | 1,637,386,000 | 19,342,879,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 469,213,000 | -440,044,000 | 229,057,000 | -1,371,454,000 | 3,358,876,000 | -611,294,000 | -81,673,000 | -2,313,208,000 | -530,545,000 | -12,635,320,000 | -1,724,045,000 | 221,628,000 | 87,133,000 | 1,637,386,000 | 19,342,937,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,362,000 | 112,000 | 0 | -2,000 | 2,000 | -118,000 | -5,000 | 123,000 | -1,983,000 | 1,933,000 | 6,000 | 8,000 | 10,000 | 8,000 | 18,000 |
| overdraft | 0 | -2,000 | 2,000 | 0 | 0 | 0 | 0 | -232,000 | 232,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,362,000 | 114,000 | -2,000 | -2,000 | 2,000 | -118,000 | -5,000 | 355,000 | -2,215,000 | 1,933,000 | 6,000 | 8,000 | 10,000 | 8,000 | 18,000 |
silverstone master issuer plc Credit Report and Business Information
Silverstone Master Issuer Plc Competitor Analysis
Perform a competitor analysis for silverstone master issuer plc 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 master issuer plc Ownership
SILVERSTONE MASTER ISSUER PLC group structure
Silverstone Master Issuer Plc has no subsidiary companies.
Ultimate parent company
1 parent
SILVERSTONE MASTER ISSUER PLC
06612744
silverstone master issuer plc directors
Silverstone Master Issuer Plc currently has 4 directors. The longest serving directors include Mr Daniel Wynne (Apr 2017) and Mr Ioannis Kyriakopoulos (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Wynne | 54 years | Apr 2017 | - | Director | |
| Mr Ioannis Kyriakopoulos | 50 years | Mar 2019 | - | Director | |
| Mr Muir Mathieson | 50 years | Mar 2020 | - | Director | |
| Mr Robert Collins | 56 years | Sep 2024 | - | Director |
P&L
April 2024turnover
266.6m
+86%
operating profit
595.9m
0%
gross margin
0.8%
-47.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
86k
-1.07%
total assets
5.6b
+0.09%
cash
1.5m
+12.16%
net assets
Total assets minus all liabilities
silverstone master issuer plc company details
company number
06612744
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
June 2008
age
16
incorporated
UK
ultimate parent company
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 master issuer plc 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 5 charges/mortgages relating to silverstone master issuer plc. Currently there are 5 open charges and 0 have been satisfied in the past.
silverstone master issuer plc Companies House Filings - See Documents
| date | description | view/download |
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