sterling trade finance holdings plc
sterling trade finance holdings plc Company Information
Company Number
06657588
Next Accounts
2838 days late
Shareholders
mr soheill sarkoob
mr gerard mizrahi
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
menzies llp 4th floor, 95, gresham street, london, EC2V 7AB
Website
-sterling trade finance holdings plc Estimated Valuation
Pomanda estimates the enterprise value of STERLING TRADE FINANCE HOLDINGS PLC at £622.1k based on a Turnover of £1.1m and 0.54x industry multiple (adjusted for size and gross margin).
sterling trade finance holdings plc Estimated Valuation
Pomanda estimates the enterprise value of STERLING TRADE FINANCE HOLDINGS PLC at £0 based on an EBITDA of £-24.8k and a 3.98x industry multiple (adjusted for size and gross margin).
sterling trade finance holdings plc Estimated Valuation
Pomanda estimates the enterprise value of STERLING TRADE FINANCE HOLDINGS PLC at £1m based on Net Assets of £490.1k and 2.13x industry multiple (adjusted for liquidity).
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Sterling Trade Finance Holdings Plc Overview
Sterling Trade Finance Holdings Plc is a live company located in london, EC2V 7AB with a Companies House number of 06657588. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2008, it's largest shareholder is mr soheill sarkoob with a 7.7% stake. Sterling Trade Finance Holdings Plc is a established, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.
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Sterling Trade Finance Holdings Plc Health Check
Pomanda's financial health check has awarded Sterling Trade Finance Holdings Plc a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£2.3m)
£1.1m - Sterling Trade Finance Holdings Plc
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (4.2%)
-29% - Sterling Trade Finance Holdings Plc
4.2% - Industry AVG
Production
with a gross margin of 36.3%, this company has a comparable cost of product (36.4%)
36.3% - Sterling Trade Finance Holdings Plc
36.4% - Industry AVG
Profitability
an operating margin of -2.7% make it less profitable than the average company (6.5%)
-2.7% - Sterling Trade Finance Holdings Plc
6.5% - Industry AVG
Employees
with 4 employees, this is below the industry average (29)
4 - Sterling Trade Finance Holdings Plc
29 - Industry AVG
Pay Structure
on an average salary of £62.8k, the company has a higher pay structure (£41.6k)
£62.8k - Sterling Trade Finance Holdings Plc
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £286.1k, this is more efficient (£149.5k)
£286.1k - Sterling Trade Finance Holdings Plc
£149.5k - Industry AVG
Debtor Days
it gets paid by customers after 540 days, this is later than average (43 days)
540 days - Sterling Trade Finance Holdings Plc
43 days - Industry AVG
Creditor Days
its suppliers are paid after 363 days, this is slower than average (33 days)
363 days - Sterling Trade Finance Holdings Plc
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sterling Trade Finance Holdings Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (21 weeks)
12 weeks - Sterling Trade Finance Holdings Plc
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.9%, this is a higher level of debt than the average (69.5%)
76.9% - Sterling Trade Finance Holdings Plc
69.5% - Industry AVG
STERLING TRADE FINANCE HOLDINGS PLC financials
Sterling Trade Finance Holdings Plc's latest turnover from December 2015 is £1.1 million and the company has net assets of £490.1 thousand. According to their latest financial statements, Sterling Trade Finance Holdings Plc has 4 employees and maintains cash reserves of £389.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Turnover | 1,144,314 | 1,701,688 | 2,203,666 | 3,161,110 | 2,122,963 | 672,855 | 1,778,413 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 728,623 | 1,291,497 | 1,738,134 | 2,697,800 | 1,792,304 | 486,808 | 1,608,427 |
| Gross Profit | 415,691 | 410,191 | 465,532 | 463,310 | 330,659 | 186,047 | 169,986 |
| Admin Expenses | 447,047 | 450,566 | 393,445 | 417,301 | 416,049 | 363,552 | 474,301 |
| Operating Profit | -31,356 | -40,375 | 72,087 | 46,009 | -85,390 | -177,505 | -304,315 |
| Interest Payable | 85,081 | 100,859 | 109,943 | 187,322 | 166,764 | 98,005 | 39,312 |
| Interest Receivable | 1,069 | 2,492 | 2,913 | 2,813 | 6,995 | 54 | 2,551 |
| Pre-Tax Profit | -115,368 | -138,742 | -34,943 | -138,500 | -245,159 | -275,456 | -399,680 |
| Tax | |||||||
| Profit After Tax | -115,368 | -138,742 | -34,943 | -138,500 | -245,159 | -275,456 | -399,680 |
| Dividends Paid | |||||||
| Retained Profit | -115,368 | -138,742 | -34,943 | -138,500 | -245,159 | -275,456 | -399,680 |
| Employee Costs | 251,396 | 264,725 | 228,845 | 207,440 | 193,005 | 202,352 | 291,977 |
| Number Of Employees | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| EBITDA* | -24,834 | -36,516 | 73,829 | 46,784 | -80,952 | -171,986 | -297,378 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,217 | 5,418 | 8,694 | 634 | 1,184 | 4,917 | 10,206 |
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 12,217 | 5,418 | 8,694 | 634 | 1,184 | 4,917 | 10,206 |
| Stock & work in progress | |||||||
| Trade Debtors | 1,694,701 | 1,793,573 | 1,518,526 | 1,542,791 | 1,290,334 | 1,437,874 | 673,592 |
| Group Debtors | |||||||
| Misc Debtors | 23,976 | 21,797 | 53,713 | 57,980 | 72,175 | 127,987 | 80,308 |
| Cash | 389,359 | 341,411 | 883,043 | 796,354 | 932,962 | 617,979 | 815,805 |
| misc current assets | |||||||
| total current assets | 2,108,036 | 2,156,781 | 2,455,282 | 2,397,125 | 2,295,471 | 2,183,840 | 1,569,705 |
| total assets | 2,120,253 | 2,162,199 | 2,463,976 | 2,397,759 | 2,296,655 | 2,188,757 | 1,579,911 |
| Bank overdraft | 110,967 | 339,782 | 134,430 | 47,006 | 5,502 | ||
| Bank loan | 128,360 | 87,424 | |||||
| Trade Creditors | 726,233 | 513,168 | 820,121 | 503,643 | 265,431 | 990,239 | 386,923 |
| Group/Directors Accounts | |||||||
| other short term finances | 850,000 | 840,000 | 810,000 | 675,000 | 587,500 | 425,000 | 262,500 |
| hp & lease commitments | |||||||
| other current liabilities | 53,889 | 92,565 | 89,614 | 100,150 | 1,098,472 | 187,474 | 101,847 |
| total current liabilities | 1,630,122 | 1,556,700 | 1,719,735 | 1,618,575 | 2,214,193 | 1,737,143 | 756,772 |
| loans | 81,459 | 205,452 | 319,021 | ||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | 81,459 | 205,452 | 319,021 | ||||
| total liabilities | 1,630,122 | 1,556,700 | 1,719,735 | 1,618,575 | 2,295,652 | 1,942,595 | 1,075,793 |
| net assets | 490,131 | 605,499 | 744,241 | 779,184 | 1,003 | 246,162 | 504,118 |
| total shareholders funds | 490,131 | 605,499 | 744,241 | 779,184 | 1,003 | 246,162 | 504,118 |
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -31,356 | -40,375 | 72,087 | 46,009 | -85,390 | -177,505 | -304,315 |
| Depreciation | 6,522 | 3,859 | 1,742 | 775 | 4,438 | 5,519 | 6,937 |
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | -96,693 | 243,131 | -28,532 | 238,262 | -203,352 | 811,961 | 753,900 |
| Creditors | 213,065 | -306,953 | 316,478 | 238,212 | -724,808 | 603,316 | 386,923 |
| Accruals and Deferred Income | -38,676 | 2,951 | -10,536 | -998,322 | 910,998 | 85,627 | 101,847 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 246,248 | -583,649 | 408,303 | -951,588 | 308,590 | -295,004 | -562,508 |
| Investing Activities | |||||||
| capital expenditure | -13,321 | -245 | -9,802 | -225 | -705 | -230 | -17,011 |
| Change in Investments | |||||||
| cash flow from investments | -13,321 | -245 | -9,802 | -225 | -705 | -230 | -17,011 |
| Financing Activities | |||||||
| Bank loans | -128,360 | 40,936 | 87,424 | ||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | 10,000 | 30,000 | 135,000 | 87,500 | 162,500 | 162,500 | 262,500 |
| Long term loans | -81,459 | -123,993 | -113,569 | 319,021 | |||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -84,012 | -98,367 | -107,030 | -184,509 | -159,769 | -97,951 | -36,761 |
| cash flow from financing | -74,012 | -68,367 | 27,970 | 609,853 | -80,326 | 55,904 | 1,448,558 |
| cash and cash equivalents | |||||||
| cash | 47,948 | -541,632 | 86,689 | -136,608 | 314,983 | -197,826 | 815,805 |
| overdraft | -110,967 | 110,967 | -339,782 | 205,352 | 87,424 | 41,504 | 5,502 |
| change in cash | 158,915 | -652,599 | 426,471 | -341,960 | 227,559 | -239,330 | 810,303 |
sterling trade finance holdings plc Credit Report and Business Information
Sterling Trade Finance Holdings Plc Competitor Analysis
Perform a competitor analysis for sterling trade finance holdings plc by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EC2V area or any other competitors across 12 key performance metrics.
sterling trade finance holdings plc Ownership
STERLING TRADE FINANCE HOLDINGS PLC group structure
Sterling Trade Finance Holdings Plc has no subsidiary companies.
Ultimate parent company
STERLING TRADE FINANCE HOLDINGS PLC
06657588
sterling trade finance holdings plc directors
Sterling Trade Finance Holdings Plc currently has 2 directors. The longest serving directors include Mr Soheill Sarkoob (Jul 2008) and Mr Victor Segal (Oct 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Soheill Sarkoob | United Kingdom | 61 years | Jul 2008 | - | Director |
| Mr Victor Segal | United Kingdom | 84 years | Oct 2008 | - | Director |
P&L
December 2015turnover
1.1m
-33%
operating profit
-31.4k
-22%
gross margin
36.4%
+50.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2015net assets
490.1k
-0.19%
total assets
2.1m
-0.02%
cash
389.4k
+0.14%
net assets
Total assets minus all liabilities
sterling trade finance holdings plc company details
company number
06657588
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
July 2008
age
17
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2015
previous names
sovereign trade finance plc (July 2010)
sovereign trade finance limited (August 2008)
accountant
-
auditor
-
address
menzies llp 4th floor, 95, gresham street, london, EC2V 7AB
Bank
-
Legal Advisor
-
sterling trade finance holdings 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 2 charges/mortgages relating to sterling trade finance holdings plc. Currently there are 0 open charges and 2 have been satisfied in the past.
sterling trade finance holdings plc 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.
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sterling trade finance holdings plc Companies House Filings - See Documents
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