Sitaru Flooring Solutions Ltd

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sitaru flooring solutions ltd Company Information

Live

EstablishedMicroDeclining

Company Number

07580058

Website

Registered Address

134 park avenue, bushey, hertfordshire, WD23 2BB

Industry

Other building completion and finishing

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Florin Sitaru13 Years

Shareholders

florin sitaru 100%

sitaru flooring solutions ltd Estimated Valuation

£552k

Pomanda estimates the enterprise value of SITARU FLOORING SOLUTIONS LTD at £552k based on Net Assets of £225.5k and 2.45x industry multiple (adjusted for liquidity).

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Sitaru Flooring Solutions Ltd is a live company located in hertfordshire, WD23 2BB with a Companies House number of 07580058. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in March 2011, it's largest shareholder is florin sitaru with a 100% stake. Sitaru Flooring Solutions Ltd is a established, micro sized company, Pomanda has estimated its turnover at £248.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Sitaru Flooring Solutions Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £248.1k, make it smaller than the average company (£316.3k)

Growth

3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (7.1%)

EXPORT

Sitaru Flooring Solutions Ltd's latest turnover from March 2023 is estimated at £248.1 thousand and the company has net assets of £225.5 thousand. According to their latest financial statements, Sitaru Flooring Solutions Ltd has 1 employee and maintains cash reserves of £217.4 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
Turnover	248,080	363,093	165,647	3,400,738	3,275,286	2,313,363	362,432	135,820	134,195	132,786	116,702	107,788
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	186,800	273,190	119,947	2,424,889	2,270,355	1,577,954	249,172	92,681	89,295	91,192	82,399	75,207
Gross Profit	61,279	89,902	45,700	975,849	1,004,931	735,409	113,261	43,139	44,900	41,594	34,302	32,580
Admin Expenses	73,870	27,730	47,384	983,166	930,230	679,982	38,828	25,994	60,484	29,397	23,996	26,480
Operating Profit	-12,591	62,172	-1,684	-7,317	74,701	55,427	74,433	17,145	-15,584	12,197	10,306	6,100
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	9,310	1,658	197	86	0	312	228	199	134	116	44	8
Pre-Tax Profit	-3,281	63,830	-1,487	-7,231	74,701	55,740	74,661	17,344	-15,450	12,313	10,350	6,108
Tax	0	-12,128	0	0	-14,193	-10,591	-14,932	-3,469	0	-2,832	-2,484	-1,588
Profit After Tax	-3,281	51,702	-1,487	-7,231	60,508	45,149	59,729	13,875	-15,450	9,481	7,866	4,520
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,281	51,702	-1,487	-7,231	60,508	45,149	59,729	13,875	-15,450	9,481	7,866	4,520
Employee Costs	32,902	33,500	32,868	31,100	33,229	31,613	34,985	38,394	37,321	35,687	33,187	31,292
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-11,354	63,808	367	-6,212	74,701	55,427	74,433	17,145	-15,584	12,197	10,306	6,100

* 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
Tangible Assets	291	1,528	2,290	3,170	353	707	0	0	0	0	0	0
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	291	1,528	2,290	3,170	353	707	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	55,853	87,992	30,223	531,799	573,713	424,063	34,291	2,632	12,328	12,626	10,218	13,595
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	217,430	220,692	221,388	172,831	0	0	124,832	57,699	21,801	31,850	14,408	3,177
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	273,283	308,684	251,611	704,630	573,713	424,063	159,123	60,331	34,129	44,476	24,626	16,772
total assets	273,574	310,212	253,901	707,800	574,066	424,770	159,123	60,331	34,129	44,476	24,626	16,772
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	14,053	23,062	19,265	524,174	366,482	299,600	79,002	39,939	27,612	22,509	0	12,152
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	6,540	20,888	7,576	5,079	21,806	0	0	0	0	0	0	0
total current liabilities	20,593	43,950	26,841	529,253	388,288	299,600	79,002	39,939	27,612	22,509	0	12,152
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	27,500	37,500	50,000	0	0	0	0	0	0	0	12,140	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	27,500	37,500	50,000	0	0	0	0	0	0	0	12,140	0
total liabilities	48,093	81,450	76,841	529,253	388,288	299,600	79,002	39,939	27,612	22,509	12,140	12,152
net assets	225,481	228,762	177,060	178,547	185,778	125,170	80,121	20,392	6,517	21,967	12,486	4,620
total shareholders funds	225,481	228,762	177,060	178,547	185,778	125,170	80,121	20,392	6,517	21,967	12,486	4,620

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	-12,591	62,172	-1,684	-7,317	74,701	55,427	74,433	17,145	-15,584	12,197	10,306	6,100
Depreciation	1,237	1,636	2,051	1,105	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-12,128	0	0	-14,193	-10,591	-14,932	-3,469	0	-2,832	-2,484	-1,588
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-32,139	57,769	-501,576	-41,914	149,650	389,772	31,659	-9,696	-298	2,408	-3,377	13,595
Creditors	-9,009	3,797	-504,909	157,692	66,882	220,598	39,063	12,327	5,103	22,509	-12,152	12,152
Accruals and Deferred Income	-14,348	13,312	2,497	-16,727	21,806	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-2,572	11,020	-469	176,667	-454	-124,338	66,905	35,699	-10,183	29,466	-953	3,069
Investing Activities
capital expenditure	0	-874	-1,171	-3,922	354	-707	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-874	-1,171	-3,922	354	-707	0	0	0	0	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	-10,000	-12,500	50,000	0	0	0	0	0	0	-12,140	12,140	0
share issue	0	0	0	0	100	-100	0	0	0	0	0	100
interest	9,310	1,658	197	86	0	312	228	199	134	116	44	8
cash flow from financing	-690	-10,842	50,197	86	100	212	228	199	134	-12,024	12,184	108
cash and cash equivalents
cash	-3,262	-696	48,557	172,831	0	-124,832	67,133	35,898	-10,049	17,442	11,231	3,177
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-3,262	-696	48,557	172,831	0	-124,832	67,133	35,898	-10,049	17,442	11,231	3,177

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SITARU FLOORING SOLUTIONS LTD group structure

Sitaru Flooring Solutions Ltd has no subsidiary companies.

Ultimate parent company

SITARU FLOORING SOLUTIONS LTD

07580058

SITARU FLOORING SOLUTIONS LTD Shareholders

florin sitaru

100%

Sitaru Flooring Solutions Ltd currently has 1 director, Mr Florin Sitaru serving since Mar 2011.

officer	country	age	start	end	role
Mr Florin Sitaru	United Kingdom	41 years	Mar 2011	-	Director

P&L

March 2023

turnover

248.1k

-32%

operating profit

-12.6k

gross margin

24.8%

-0.24%

turnover

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

Balance Sheet

March 2023

net assets

225.5k

-0.01%

total assets

273.6k

-0.12%

cash

217.4k

-0.01%

net assets

Total assets minus all liabilities

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company number

07580058

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

incorporation date

March 2011

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

134 park avenue, bushey, hertfordshire, WD23 2BB

last accounts submitted

March 2023

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 sitaru flooring solutions ltd.

sitaru flooring solutions ltd Company Information

sitaru flooring solutions ltd Estimated Valuation

sitaru flooring solutions ltd Estimated Valuation

sitaru flooring solutions ltd Estimated Valuation

Sitaru Flooring Solutions Ltd Overview

Sitaru Flooring Solutions Ltd Health Check

SITARU FLOORING SOLUTIONS LTD financials

sitaru flooring solutions ltd Credit Report and Business Information

Sitaru Flooring Solutions Ltd Competitor Analysis

sitaru flooring solutions ltd Ownership

sitaru flooring solutions ltd directors

sitaru flooring solutions ltd company details

sitaru flooring solutions ltd Charges & Mortgages

sitaru flooring solutions ltd Companies House Filings - See Documents