storman software ltd
storman software ltd Company Information
Company Number
06693472
Next Accounts
Sep 2025
Shareholders
storman holdings
Group Structure
View All
Industry
Business and domestic software development
Registered Address
25 st. margarets green, ipswich, suffolk, IP4 2BN
Website
storman.comstorman software ltd Estimated Valuation
Pomanda estimates the enterprise value of STORMAN SOFTWARE LTD at £259.9k based on a Turnover of £301.5k and 0.86x industry multiple (adjusted for size and gross margin).
storman software ltd Estimated Valuation
Pomanda estimates the enterprise value of STORMAN SOFTWARE LTD at £449.1k based on an EBITDA of £85.4k and a 5.26x industry multiple (adjusted for size and gross margin).
storman software ltd Estimated Valuation
Pomanda estimates the enterprise value of STORMAN SOFTWARE LTD at £1m based on Net Assets of £421.9k and 2.38x industry multiple (adjusted for liquidity).
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Storman Software Ltd Overview
Storman Software Ltd is a live company located in suffolk, IP4 2BN with a Companies House number of 06693472. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 2008, it's largest shareholder is storman holdings with a 100% stake. Storman Software Ltd is a established, micro sized company, Pomanda has estimated its turnover at £301.5k with high growth in recent years.
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Storman Software Ltd Health Check
Pomanda's financial health check has awarded Storman Software Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
3 Weak
Size
annual sales of £301.5k, make it smaller than the average company (£4.6m)
£301.5k - Storman Software Ltd
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (10.2%)
28% - Storman Software Ltd
10.2% - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
72% - Storman Software Ltd
72% - Industry AVG
Profitability
an operating margin of 28.3% make it more profitable than the average company (3.4%)
28.3% - Storman Software Ltd
3.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (42)
3 - Storman Software Ltd
42 - Industry AVG
Pay Structure
on an average salary of £45.7k, the company has a lower pay structure (£71.7k)
£45.7k - Storman Software Ltd
£71.7k - Industry AVG
Efficiency
resulting in sales per employee of £100.5k, this is less efficient (£122.3k)
£100.5k - Storman Software Ltd
£122.3k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (58 days)
18 days - Storman Software Ltd
58 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Storman Software Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Storman Software Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 181 weeks, this is more cash available to meet short term requirements (17 weeks)
181 weeks - Storman Software Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.4%, this is a lower level of debt than the average (63.1%)
25.4% - Storman Software Ltd
63.1% - Industry AVG
STORMAN SOFTWARE LTD financials
Storman Software Ltd's latest turnover from December 2023 is £301.5 thousand and the company has net assets of £421.9 thousand. According to their latest financial statements, Storman Software Ltd has 3 employees and maintains cash reserves of £500.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | May 2016 | May 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 301,540 | 235,424 | 180,014 | 144,718 | 128,905 | |||||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | ||||||||||||||||
| Admin Expenses | ||||||||||||||||
| Operating Profit | 85,380 | 112,622 | 43,362 | 22,933 | 56,180 | |||||||||||
| Interest Payable | ||||||||||||||||
| Interest Receivable | ||||||||||||||||
| Pre-Tax Profit | 85,380 | 112,622 | 43,362 | 22,933 | 56,180 | |||||||||||
| Tax | -18,229 | -21,398 | -8,321 | -4,357 | -9,245 | |||||||||||
| Profit After Tax | 67,151 | 91,224 | 35,041 | 18,576 | 46,935 | |||||||||||
| Dividends Paid | ||||||||||||||||
| Retained Profit | 67,151 | 91,224 | 35,041 | 18,576 | 46,935 | |||||||||||
| Employee Costs | 137,095 | 99,651 | 95,340 | 77,645 | 47,487 | 19,696 | 30,374 | |||||||||
| Number Of Employees | 3 | 3 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | |||||||
| EBITDA* | 85,380 | 112,622 | 43,362 | 22,933 | 56,180 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | May 2016 | May 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||||||||
| Intangible Assets | ||||||||||||||||
| Investments & Other | 1,000 | |||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 1,000 | |||||||||||||||
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 15,116 | 8,015 | 4,083 | 6,073 | 3,530 | 6,042 | 3,697 | 1,561 | 10,165 | 11,556 | 7,171 | 9,598 | 8,449 | 16,292 | 7,058 | 7,320 |
| Group Debtors | ||||||||||||||||
| Misc Debtors | 50,000 | 50,000 | 30 | 68 | ||||||||||||
| Cash | 500,524 | 387,940 | 339,557 | 300,385 | 223,746 | 168,400 | 117,336 | 62,535 | 31,340 | 16,411 | 12,011 | 7,525 | 2,072 | 3,305 | 3,479 | 567 |
| misc current assets | ||||||||||||||||
| total current assets | 565,640 | 445,955 | 343,640 | 306,458 | 227,306 | 174,442 | 121,101 | 64,096 | 41,505 | 27,967 | 19,182 | 17,123 | 10,521 | 19,597 | 10,537 | 7,887 |
| total assets | 565,640 | 445,955 | 343,640 | 306,458 | 227,306 | 174,442 | 121,101 | 64,096 | 41,505 | 27,967 | 19,182 | 17,123 | 10,521 | 19,597 | 10,537 | 8,887 |
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 8,775 | 381 | 15,159 | 9,020 | 10,937 | 7,292 | 2,129 | 7,629 | 740 | |||||||
| Group/Directors Accounts | ||||||||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 143,724 | 91,190 | 80,099 | 77,958 | 17,383 | 11,453 | 27,371 | 8,413 | 9,265 | |||||||
| total current liabilities | 143,724 | 91,190 | 80,099 | 77,958 | 17,383 | 11,453 | 27,371 | 17,188 | 9,646 | 15,159 | 9,020 | 10,937 | 7,292 | 2,129 | 7,629 | 740 |
| loans | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | 1,684 | |||||||||||||||
| other liabilities | 80,000 | 45,700 | 96,096 | 56,192 | 33,943 | |||||||||||
| provisions | 1,617 | |||||||||||||||
| total long term liabilities | 80,000 | 45,700 | 96,096 | 57,809 | 35,627 | |||||||||||
| total liabilities | 143,724 | 91,190 | 80,099 | 77,958 | 17,383 | 11,453 | 27,371 | 17,188 | 9,646 | 15,159 | 9,020 | 90,937 | 52,992 | 98,225 | 65,438 | 36,367 |
| net assets | 421,916 | 354,765 | 263,541 | 228,500 | 209,923 | 162,989 | 93,730 | 46,908 | 31,859 | 12,808 | 10,162 | -73,814 | -42,471 | -78,628 | -54,901 | -27,480 |
| total shareholders funds | 421,916 | 354,765 | 263,541 | 228,500 | 209,923 | 162,989 | 93,730 | 46,908 | 31,859 | 12,808 | 10,162 | -73,814 | -42,471 | -78,628 | -54,901 | -27,480 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | May 2016 | May 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 85,380 | 112,622 | 43,362 | 22,933 | 56,180 | |||||||||||
| Depreciation | ||||||||||||||||
| Amortisation | ||||||||||||||||
| Tax | -18,229 | -21,398 | -8,321 | -4,357 | -9,245 | |||||||||||
| Stock | ||||||||||||||||
| Debtors | 7,101 | 53,932 | -1,990 | 2,513 | -2,482 | 2,277 | 2,204 | -9,995 | -1,391 | 4,385 | -2,427 | 1,149 | -7,843 | 9,234 | -262 | 7,320 |
| Creditors | -8,775 | -6,384 | -14,778 | 6,139 | -1,917 | 3,645 | 5,163 | -5,500 | 6,889 | 740 | ||||||
| Accruals and Deferred Income | 52,534 | 11,091 | 2,141 | 60,575 | 5,930 | -15,918 | 18,958 | 8,413 | 9,265 | -1,684 | 1,684 | |||||
| Deferred Taxes & Provisions | -1,617 | 1,617 | ||||||||||||||
| Cash flow from operations | 112,584 | 48,383 | 39,172 | 76,638 | 55,347 | |||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | -1,000 | 1,000 | ||||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | ||||||||||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | ||||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | -80,000 | 34,300 | -50,396 | 39,904 | 22,249 | 33,943 | ||||||||||
| share issue | ||||||||||||||||
| interest | ||||||||||||||||
| cash flow from financing | 1 | -1 | ||||||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | 112,584 | 48,383 | 39,172 | 76,639 | 55,346 | 51,064 | 54,801 | 46,124 | 14,929 | 4,400 | 4,486 | 5,453 | -1,233 | -174 | 2,912 | 567 |
| overdraft | ||||||||||||||||
| change in cash | 112,584 | 48,383 | 39,172 | 76,639 | 55,346 | 51,064 | 54,801 | 46,124 | 14,929 | 4,400 | 4,486 | 5,453 | -1,233 | -174 | 2,912 | 567 |
storman software ltd Credit Report and Business Information
Storman Software Ltd Competitor Analysis
Perform a competitor analysis for storman software ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in IP4 area or any other competitors across 12 key performance metrics.
storman software ltd Ownership
STORMAN SOFTWARE LTD group structure
Storman Software Ltd has no subsidiary companies.
Ultimate parent company
STORMAN SOFTWARE LTD
06693472
storman software ltd directors
Storman Software Ltd currently has 3 directors. The longest serving directors include Mr David Green (Oct 2014) and Mr Kwok Chan (Oct 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Green | United Kingdom | 57 years | Oct 2014 | - | Director |
| Mr Kwok Chan | United Kingdom | 54 years | Oct 2014 | - | Director |
| Mr Joel Sammon | Australia | 42 years | Sep 2021 | - | Director |
P&L
December 2023turnover
301.5k
+28%
operating profit
85.4k
-24%
gross margin
72.1%
+0.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
421.9k
+0.19%
total assets
565.6k
+0.27%
cash
500.5k
+0.29%
net assets
Total assets minus all liabilities
Similar Companies
storman software ltd company details
company number
06693472
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
September 2008
age
17
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
25 st. margarets green, ipswich, suffolk, IP4 2BN
Bank
-
Legal Advisor
-
storman software ltd 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 did not find charges/mortgages relating to storman software ltd.
storman software ltd 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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storman software ltd Companies House Filings - See Documents
| date | description | view/download |
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