Sterling Products London Limited

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sterling products london limited Company Information

Live

EstablishedMidRapid

Company Number

07256912

Next Accounts

Mar 2025

Industry

Non-specialised wholesale trade

Directors

Stephen York

Shareholders

nasar mirwais

mohammed hossaini

Group Structure

View All

Contact

Registered Address

21 kings terrace, london, NW1 0JP

Website

www.sterlingproduct.co.uk

sterling products london limited Estimated Valuation

£17.1m

Pomanda estimates the enterprise value of STERLING PRODUCTS LONDON LIMITED at £17.1m based on an EBITDA of £4.4m and a 3.85x industry multiple (adjusted for size and gross margin).

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Sterling Products London Limited is a live company located in london, NW1 0JP with a Companies House number of 07256912. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in May 2010, it's largest shareholder is nasar mirwais with a 90% stake. Sterling Products London Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Sterling Products London Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £5.9m, make it smaller than the average company (£14.5m)

Growth

3 year (CAGR) sales growth of 81%, show it is growing at a faster rate (5.8%)

EXPORT

Sterling Products London Limited's latest turnover from June 2023 is estimated at £5.9 million and the company has net assets of £2.5 million. According to their latest financial statements, Sterling Products London Limited has 23 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Turnover	5,903,314	269,949	738,229	999,503	1,169,234	1,642,170	1,226,024	957,878	2,374,097	2,495,740	2,924,449	1,728,170	727,328
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,842,175	220,448	606,487	821,716	959,006	1,355,032	994,078	778,176	1,935,409	2,053,446	2,408,311	1,415,244	588,184
Gross Profit	1,061,138	49,502	131,742	177,788	210,228	287,137	231,947	179,702	438,688	442,294	516,137	312,926	139,144
Admin Expenses	-3,380,394	107,907	716,857	367,978	363,994	245,823	205,362	144,713	482,079	421,012	442,052	245,878	139,865
Operating Profit	4,441,532	-58,405	-585,115	-190,190	-153,766	41,314	26,585	34,989	-43,391	21,282	74,085	67,048	-721
Interest Payable	11,938	16,240	12,290	8,186	4,706	4,532	2,852	0	0	0	0	0	18
Interest Receivable	9	18	1	1	10	4	36	48	83	99	97	86	0
Pre-Tax Profit	4,429,603	-74,627	-597,403	-198,375	-158,461	36,786	23,769	35,038	-43,308	21,381	74,182	67,134	-739
Tax	-1,107,401	0	0	0	0	-6,989	-4,516	-7,007	0	-4,490	-17,062	-16,112	0
Profit After Tax	3,322,202	-74,627	-597,403	-198,375	-158,461	29,797	19,253	28,030	-43,308	16,891	57,120	51,022	-739
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,322,202	-74,627	-597,403	-198,375	-158,461	29,797	19,253	28,030	-43,308	16,891	57,120	51,022	-739
Employee Costs	975,152	162,048	264,354	298,110	294,617	144,010	105,252	68,794	167,733	164,141	198,716	129,493	64,632
Number Of Employees	23	4	7	8	8	4	3	2	5	5	6	4	2
EBITDA*	4,441,532	-51,832	-576,351	-178,503	-141,282	59,865	42,601	54,084	-20,433	49,559	79,202	67,365	-299

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Tangible Assets	1,987,530	19,720	26,293	35,057	45,398	45,049	48,047	57,280	68,879	84,829	15,348	950	1,267
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,987,530	19,720	26,293	35,057	45,398	45,049	48,047	57,280	68,879	84,829	15,348	950	1,267
Stock & work in progress	0	165,248	189,258	681,717	651,854	720,333	859,223	790,276	784,035	723,861	618,879	272,080	203,965
Trade Debtors	1,632,585	1,090	148,293	155,516	291,526	532,806	321,912	219,073	387,712	467,848	691,659	475,782	96,358
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	55,595	64,180	53,564	173,418	79,503	88,415	90,943	0	0	0	0	21,208
Cash	0	346	2,528	407	1,919	851	241	28,349	10,131	23,132	16,475	22,299	11,989
misc current assets	0	0	0	0	0	0	5,409	0	0	0	0	0	0
total current assets	1,632,585	222,279	404,259	891,204	1,118,717	1,333,493	1,275,200	1,128,641	1,181,878	1,214,841	1,327,013	770,161	333,520
total assets	3,620,115	241,999	430,552	926,261	1,164,115	1,378,542	1,323,247	1,185,921	1,250,757	1,299,670	1,342,361	771,111	334,787
Bank overdraft	0	99,554	93,450	21,987	96,412	43,018	91,249	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	774,299	13,479	120,203	71,147	51,185	68,382	29,116	23,994	948,771	954,376	1,013,958	499,828	105,099
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	661,266	654,572	660,897	795,913	888,076	853,613	831,911	0	0	0	0	9,427
total current liabilities	774,299	774,299	868,225	754,031	943,510	999,476	973,978	855,905	948,771	954,376	1,013,958	499,828	114,526
loans	0	117,500	137,500	150,000	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	394,414	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
total long term liabilities	394,414	117,500	137,500	150,000	0	0	0	0	0	0	0	0	0
total liabilities	1,168,713	891,799	1,005,725	904,031	943,510	999,476	973,978	855,905	948,771	954,376	1,013,958	499,828	114,526
net assets	2,451,402	-649,800	-575,173	22,230	220,605	379,066	349,269	330,016	301,986	345,294	328,403	271,283	220,261
total shareholders funds	2,451,402	-649,800	-575,173	22,230	220,605	379,066	349,269	330,016	301,986	345,294	328,403	271,283	220,261

	Jun 2023	Jun 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Operating Activities
Operating Profit	4,441,532	-58,405	-585,115	-190,190	-153,766	41,314	26,585	34,989	-43,391	21,282	74,085	67,048	-721	0
Depreciation	0	6,573	8,764	11,687	12,484	18,551	16,016	19,095	22,958	28,277	5,117	317	422	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,107,401	0	0	0	0	-6,989	-4,516	-7,007	0	-4,490	-17,062	-16,112	0	0
Stock	-165,248	-24,010	-492,459	29,863	-68,479	-138,890	68,947	6,241	60,174	104,982	346,799	68,115	203,965	0
Debtors	1,575,900	-155,788	3,393	-255,864	-147,365	201,982	100,311	-77,696	-80,136	-223,811	215,877	358,216	117,566	0
Creditors	760,820	-106,724	49,056	19,962	-17,197	39,266	5,122	-924,777	-5,605	-59,582	514,130	394,729	105,099	0
Accruals and Deferred Income	-661,266	6,694	-6,325	-135,016	-92,163	34,463	21,702	831,911	0	0	0	-9,427	9,427	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,023,033	27,936	-44,554	-67,556	-34,798	63,513	-104,349	25,666	-6,076	104,316	13,594	10,224	-207,304	0
Investing Activities
capital expenditure	-1,967,810	0	0	-1,346	-12,833	-15,553	-6,783	-7,496	-7,008	-97,758	-19,515	0	-1,689	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,967,810	0	0	-1,346	-12,833	-15,553	-6,783	-7,496	-7,008	-97,758	-19,515	0	-1,689	0
Financing Activities
Bank loans	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	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-117,500	-20,000	-12,500	150,000	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
other long term liabilities	394,414	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-221,000	0	0	0	0	0	0	0	0	0	0	0	221,000	0
interest	-11,929	-16,222	-12,289	-8,185	-4,696	-4,528	-2,816	48	83	99	97	86	-18	0
cash flow from financing	43,985	-36,222	-24,789	141,815	-4,696	-4,528	-2,816	48	83	99	97	86	220,982	0
cash and cash equivalents
cash	-346	-2,182	2,121	-1,512	1,068	610	-28,108	18,218	-13,001	6,657	-5,824	10,310	11,989	0
overdraft	-99,554	6,104	71,463	-74,425	53,394	-48,231	91,249	0	0	0	0	0	0	0
change in cash	99,208	-8,286	-69,342	72,913	-52,326	48,841	-119,357	18,218	-13,001	6,657	-5,824	10,310	11,989	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for sterling products london limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in NW1 area or any other competitors across 12 key performance metrics.

STERLING PRODUCTS LONDON LIMITED group structure

Sterling Products London Limited has no subsidiary companies.

Ultimate parent company

STERLING PRODUCTS LONDON LIMITED

07256912

STERLING PRODUCTS LONDON LIMITED Shareholders

nasar mirwais	90%
mohammed hossaini	10%

Sterling Products London Limited currently has 1 director, Mr Stephen York serving since Jan 2019.

officer	country	age	start	end	role
Mr Stephen York	England	37 years	Jan 2019	-	Director

P&L

June 2023

turnover

5.9m

+2087%

operating profit

4.4m

gross margin

18%

-1.97%

turnover

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

Balance Sheet

June 2023

net assets

2.5m

-4.77%

total assets

3.6m

+13.96%

cash

-1%

net assets

Total assets minus all liabilities

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company number

07256912

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

May 2010

ultimate parent company

None

previous names

N/A

address

21 kings terrace, london, NW1 0JP

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sterling products london limited Company Information

sterling products london limited Estimated Valuation

sterling products london limited Estimated Valuation

sterling products london limited Estimated Valuation

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STERLING PRODUCTS LONDON LIMITED financials

sterling products london limited Credit Report and Business Information

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sterling products london limited Ownership

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