Stace Roofing Limited

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stace roofing limited Company Information

Live

EstablishedSmallRapid

Company Number

07183112

Website

www.staceroofing.co.uk

Registered Address

unit b3, rotherhill business park, melton mowbray, leicestershire, LE13 1FU

Industry

Roofing activities

Telephone

01664431370

Next Accounts Due

December 2024

Group Structure

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Directors

Andrew Stace14 Years

Gregory Stace11 Years

Shareholders

the stace group limited 100%

stace roofing limited Estimated Valuation

£653.6k

Pomanda estimates the enterprise value of STACE ROOFING LIMITED at £653.6k based on Net Assets of £278.2k and 2.35x industry multiple (adjusted for liquidity).

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Stace Roofing Limited is a live company located in melton mowbray, LE13 1FU with a Companies House number of 07183112. It operates in the roofing activities sector, SIC Code 43910. Founded in March 2010, it's largest shareholder is the stace group limited with a 100% stake. Stace Roofing Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.

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Pomanda's financial health check has awarded Stace Roofing Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £1.3m, make it larger than the average company (£622.2k)

Growth

3 year (CAGR) sales growth of 74%, show it is growing at a faster rate (6.8%)

EXPORT

Stace Roofing Limited's latest turnover from March 2023 is estimated at £1.3 million and the company has net assets of £278.2 thousand. According to their latest financial statements, Stace Roofing Limited has 6 employees and maintains cash reserves of £79.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	1,346,867	653,219	496,370	255,122	280,483	576,355	749,813	627,411	335,346	253,705	168,772	197,704	374,531
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	990,495	464,295	357,367	183,212	200,941	423,703	552,007	456,313	244,608	182,552	115,356	136,409	253,946
Gross Profit	356,373	188,924	139,003	71,910	79,541	152,652	197,806	171,097	90,738	71,154	53,416	61,295	120,585
Admin Expenses	339,204	69,230	5,548	37,615	-37,584	201,413	197,706	174,202	87,465	70,676	54,195	61,690	118,859
Operating Profit	17,169	119,694	133,455	34,295	117,125	-48,761	100	-3,105	3,273	478	-779	-395	1,726
Interest Payable	11,195	5,198	3,144	982	882	344	127	0	0	0	0	0	0
Interest Receivable	2,337	991	140	33	73	52	26	54	55	1	3	3	0
Pre-Tax Profit	8,311	115,486	130,451	33,346	116,316	-49,053	-1	-3,051	3,328	479	-776	-393	1,726
Tax	-1,579	-21,942	-24,786	-6,336	-22,100	0	0	0	-699	-110	0	0	-483
Profit After Tax	6,732	93,544	105,665	27,010	94,216	-49,053	-1	-3,051	2,629	369	-776	-393	1,243
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,732	93,544	105,665	27,010	94,216	-49,053	-1	-3,051	2,629	369	-776	-393	1,243
Employee Costs	223,821	199,857	171,202	150,600	147,370	406,886	436,231	145,524	69,408	65,556	32,952	32,788	88,147
Number Of Employees	6	6	5	4	4	13	13	4	2	2	1	1	3
EBITDA*	34,962	133,194	141,553	39,784	123,296	-48,761	100	7,568	11,767	6,434	6,521	4,359	7,251

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	31,301	25,787	24,289	15,209	15,969	20,494	27,326	29,020	22,478	14,870	18,898	11,259	13,575
Intangible Assets	0	0	0	0	1,000	2,000	3,000	4,000	5,000	6,000	7,000	8,000	9,000
Investments & Other	0	0	0	0	0	107	107	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	31,301	25,787	24,289	15,209	16,969	22,601	30,433	33,020	27,478	20,870	25,898	19,259	22,575
Stock & work in progress	26,025	31,545	4,610	3,558	1,995	1,950	25,853	1,950	5,590	1,950	1,800	7,500	0
Trade Debtors	316,476	159,637	99,952	21,413	16,049	7,174	27,422	108,786	42,886	41,939	19,555	24,155	48,735
Group Debtors	187,624	195,545	0	0	51,983	0	0	0	0	0	0	0	0
Misc Debtors	153,245	157,199	159,702	135,189	140,314	105,796	101,823	0	0	0	0	0	0
Cash	79,708	30,282	233,961	46,202	19,393	8	20,965	16	21,488	424	153	1,001	0
misc current assets	0	0	0	0	0	0	0	107	107	107	0	0	0
total current assets	763,078	574,208	498,225	206,362	229,734	114,928	176,063	110,859	70,071	44,420	21,508	32,656	48,735
total assets	794,379	599,995	522,514	221,571	246,703	137,529	206,496	143,879	97,549	65,290	47,406	51,915	71,310
Bank overdraft	43,775	22,882	15,625	0	19,604	6,516	4,074	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	155,973	43,302	86,250	43,368	57,757	81,630	65,198	121,010	79,784	63,199	45,191	50,964	69,966
Group/Directors Accounts	2,778	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	15,508	12,582	0	0	0	0	0	0	0	0	0
hp & lease commitments	14,797	2,478	0	0	5,146	5,896	6,563	0	0	0	0	0	0
other current liabilities	171,699	206,766	163,586	73,917	84,675	49,908	66,695	0	0	0	0	0	0
total current liabilities	389,022	275,428	280,969	129,867	167,182	143,950	142,530	121,010	79,784	63,199	45,191	50,964	69,966
loans	111,151	40,625	59,375	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	8,250	8,197	0	0	1,205	6,351	11,000	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	4,845	0	0	0	0	0	0
other liabilities	0	0	0	16,894	30,725	36,000	48,000	17,902	11,266	0	0	0	0
provisions	7,721	4,242	4,211	2,516	2,307	160	0	4,845	3,326	1,547	2,040	0	0
total long term liabilities	127,122	53,064	63,586	19,410	34,237	42,511	63,845	22,747	14,592	1,547	2,040	0	0
total liabilities	516,144	328,492	344,555	149,277	201,419	186,461	206,375	143,757	94,376	64,746	47,231	50,964	69,966
net assets	278,235	271,503	177,959	72,294	45,284	-48,932	121	122	3,173	544	175	951	1,344
total shareholders funds	278,235	271,503	177,959	72,294	45,284	-48,932	121	122	3,173	544	175	951	1,344

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	17,169	119,694	133,455	34,295	117,125	-48,761	100	-3,105	3,273	478	-779	-395	1,726
Depreciation	17,793	13,500	8,098	4,489	5,171	0	0	9,673	7,494	4,956	6,300	3,754	4,525
Amortisation	0	0	0	1,000	1,000	0	0	1,000	1,000	1,000	1,000	1,000	1,000
Tax	-1,579	-21,942	-24,786	-6,336	-22,100	0	0	0	-699	-110	0	0	-483
Stock	-5,520	26,935	1,052	1,563	45	-23,903	23,903	-3,640	3,640	150	-5,700	7,500	0
Debtors	144,964	252,727	103,052	-51,744	95,376	-16,275	20,459	65,900	947	22,384	-4,600	-24,580	48,735
Creditors	112,671	-42,948	42,882	-14,389	-23,873	16,432	-55,812	41,226	16,585	18,008	-5,773	-19,002	69,966
Accruals and Deferred Income	-35,067	43,180	89,669	-10,758	34,767	-21,632	71,540	0	0	0	0	0	0
Deferred Taxes & Provisions	3,479	31	1,695	209	2,147	160	-4,845	1,519	1,779	-493	2,040	0	0
Cash flow from operations	-24,978	-168,147	146,909	58,691	18,816	-13,623	-33,379	-11,947	24,845	1,305	13,088	2,437	27,999
Investing Activities
capital expenditure	-23,307	-14,998	-17,178	-3,729	-646	7,832	2,694	-16,215	-15,102	-928	-13,939	-1,438	-28,100
Change in Investments	0	0	0	0	-107	0	107	0	0	0	0	0	0
cash flow from investments	-23,307	-14,998	-17,178	-3,729	-539	7,832	2,587	-16,215	-15,102	-928	-13,939	-1,438	-28,100
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	2,778	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	-15,508	2,926	12,582	0	0	0	0	0	0	0	0	0
Long term loans	70,526	-18,750	59,375	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	12,372	10,675	0	-6,351	-5,896	-5,316	17,563	0	0	0	0	0	0
other long term liabilities	0	0	-16,894	-13,831	-5,275	-12,000	30,098	6,636	11,266	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	101
interest	-8,858	-4,207	-3,004	-949	-809	-292	-101	54	55	1	3	3	0
cash flow from financing	76,818	-27,790	42,403	-8,549	-11,980	-17,608	47,560	6,690	11,321	1	3	3	101
cash and cash equivalents
cash	49,426	-203,679	187,759	26,809	19,385	-20,957	20,949	-21,472	21,064	271	-848	1,001	0
overdraft	20,893	7,257	15,625	-19,604	13,088	2,442	4,074	0	0	0	0	0	0
change in cash	28,533	-210,936	172,134	46,413	6,297	-23,399	16,875	-21,472	21,064	271	-848	1,001	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STACE ROOFING LIMITED group structure

Stace Roofing Limited has no subsidiary companies.

Ultimate parent company

THE STACE GROUP LIMITED

13526853

1 parent

STACE ROOFING LIMITED

07183112

STACE ROOFING LIMITED Shareholders

the stace group limited

100%

Stace Roofing Limited currently has 2 directors. The longest serving directors include Mr Andrew Stace (Mar 2010) and Mr Gregory Stace (Apr 2013).

officer	country	age	start	end	role
Mr Andrew Stace	England	51 years	Mar 2010	-	Director
Mr Gregory Stace	United Kingdom	42 years	Apr 2013	-	Director

P&L

March 2023

turnover

1.3m

+106%

operating profit

17.2k

gross margin

26.5%

-8.51%

turnover

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

Balance Sheet

March 2023

net assets

278.2k

+0.02%

total assets

794.4k

+0.32%

cash

79.7k

+1.63%

net assets

Total assets minus all liabilities

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company number

07183112

Type

Private limited with Share Capital

industry

43910 - Roofing activities

incorporation date

March 2010

accounts

Total Exemption Full

ultimate parent company

THE STACE GROUP LIMITED

previous names

N/A

last accounts submitted

March 2023

address

unit b3, rotherhill business park, melton mowbray, leicestershire, LE13 1FU

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 stace roofing limited. Currently there are 1 open charges and 0 have been satisfied in the past.

stace roofing limited Company Information

stace roofing limited Estimated Valuation

stace roofing limited Estimated Valuation

stace roofing limited Estimated Valuation

Stace Roofing Limited Overview

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STACE ROOFING LIMITED financials

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stace roofing limited Ownership

stace roofing limited directors

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