startline motor finance limited
startline motor finance limited Company Information
Company Number
08302453
Next Accounts
Sep 2025
Shareholders
startline holdings limited
undisclosed
Group Structure
View All
Industry
Financial leasing
Registered Address
6th floor 60 gracechurch street, london, EC3V 0HR
Website
startlinemotorfinance.comstartline motor finance limited Estimated Valuation
Pomanda estimates the enterprise value of STARTLINE MOTOR FINANCE LIMITED at £241.9m based on a Turnover of £100.3m and 2.41x industry multiple (adjusted for size and gross margin).
startline motor finance limited Estimated Valuation
Pomanda estimates the enterprise value of STARTLINE MOTOR FINANCE LIMITED at £1b based on an EBITDA of £107.8m and a 9.53x industry multiple (adjusted for size and gross margin).
startline motor finance limited Estimated Valuation
Pomanda estimates the enterprise value of STARTLINE MOTOR FINANCE LIMITED at £127.8m based on Net Assets of £63.9m and 2x industry multiple (adjusted for liquidity).
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Startline Motor Finance Limited Overview
Startline Motor Finance Limited is a live company located in london, EC3V 0HR with a Companies House number of 08302453. It operates in the financial leasing sector, SIC Code 64910. Founded in November 2012, it's largest shareholder is startline holdings limited with a 80.3% stake. Startline Motor Finance Limited is a established, mega sized company, Pomanda has estimated its turnover at £100.3m with high growth in recent years.
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Startline Motor Finance Limited Health Check
Pomanda's financial health check has awarded Startline Motor Finance Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
1 Weak
Size
annual sales of £100.3m, make it larger than the average company (£2.9m)
£100.3m - Startline Motor Finance Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (-0.2%)
22% - Startline Motor Finance Limited
-0.2% - Industry AVG
Production
with a gross margin of 30.9%, this company has a higher cost of product (49.3%)
30.9% - Startline Motor Finance Limited
49.3% - Industry AVG
Profitability
an operating margin of 106.7% make it more profitable than the average company (39.8%)
106.7% - Startline Motor Finance Limited
39.8% - Industry AVG
Employees
with 183 employees, this is above the industry average (8)
183 - Startline Motor Finance Limited
8 - Industry AVG
Pay Structure
on an average salary of £56.2k, the company has an equivalent pay structure (£69.9k)
£56.2k - Startline Motor Finance Limited
£69.9k - Industry AVG
Efficiency
resulting in sales per employee of £548k, this is equally as efficient (£548k)
£548k - Startline Motor Finance Limited
£548k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Startline Motor Finance Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Startline Motor Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Startline Motor Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 227 weeks, this is more cash available to meet short term requirements (5 weeks)
227 weeks - Startline Motor Finance Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.8%, this is a similar level of debt than the average (96.3%)
90.8% - Startline Motor Finance Limited
96.3% - Industry AVG
STARTLINE MOTOR FINANCE LIMITED financials
Startline Motor Finance Limited's latest turnover from December 2023 is £100.3 million and the company has net assets of £63.9 million. According to their latest financial statements, Startline Motor Finance Limited has 183 employees and maintains cash reserves of £36.7 million 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 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 100,278,255 | 85,246,214 | 68,009,466 | 54,651,917 | 21,670,802 | 21,120,438 | 18,949,407 | 13,583,360 | 5,496,719 | 193,649 | 259 |
| Other Income Or Grants | 27,980,958 | 8,855,688 | |||||||||
| Cost Of Sales | 69,253,626 | 43,071,950 | 37,519,117 | 34,356,267 | 12,131,199 | 10,850,084 | 9,572,110 | 6,817,960 | 4,387,925 | 644,655 | 9,605 |
| Gross Profit | 31,024,629 | 70,155,222 | 39,346,037 | 20,295,650 | 9,539,603 | 10,270,354 | 9,377,297 | 6,765,400 | 1,108,794 | -451,006 | -9,346 |
| Admin Expenses | 2,304,234 | 1,342,057 | |||||||||
| Operating Profit | -2,755,240 | -1,351,403 | |||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | -681,737 | 48,949,762 | 21,485,431 | 3,768,239 | -731,586 | 3,195,205 | 3,720,951 | 2,346,111 | -2,487,333 | -2,755,240 | -1,351,403 |
| Tax | -3,573,240 | -3,952,840 | -3,241,532 | -1,102,970 | 128,837 | -628,785 | -730,766 | -574,852 | 263,177 | 191,557 | 288,011 |
| Profit After Tax | -4,254,977 | 44,996,922 | 18,243,899 | 2,665,269 | -602,749 | 2,566,420 | 2,990,185 | 1,771,259 | -2,224,156 | -2,563,683 | -1,063,392 |
| Dividends Paid | 3,870,000 | ||||||||||
| Retained Profit | -4,254,977 | 44,996,922 | 14,373,899 | 2,665,269 | -602,749 | 2,566,420 | 2,990,185 | 1,771,259 | -2,224,156 | -2,563,683 | -1,063,392 |
| Employee Costs | 10,281,849 | 8,532,806 | 7,970,946 | 6,526,463 | 5,915,079 | 4,507,638 | 3,631,941 | 2,747,209 | 2,121,642 | 1,338,237 | 591,384 |
| Number Of Employees | 183 | 160 | 141 | 121 | 97 | 73 | 57 | 41 | 29 | 15 | 11 |
| EBITDA* | -2,636,014 | -1,338,707 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 461,603,081 | 433,250,576 | 321,570,967 | 274,157,722 | 3,778,442 | 2,099,558 | 2,208,249 | 2,087,107 | 1,688,570 | 636,466 | 338,718 |
| Intangible Assets | 2,298,202 | 2,112,431 | 1,541,544 | 1,628,568 | 1,320,684 | 884,093 | 751,521 | 696,116 | 594,709 | 509,926 | 407,044 |
| Investments & Other | 11,844,382 | 27,659,870 | 317,621,831 | ||||||||
| Debtors (Due After 1 year) | 449,392,318 | 405,196,984 | 1,242,099 | 272,452,414 | 1,616,016 | 1,757,585 | 2,054,387 | 1,737,515 | 834,379 | 96,905 | 130 |
| Total Fixed Assets | 463,901,283 | 435,363,007 | 321,870,412 | 275,754,898 | 4,721,996 | 2,983,651 | 2,959,770 | 2,783,223 | 2,283,279 | 1,146,392 | 745,762 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 102,030,506 | ||||||||||
| Group Debtors | 603,513 | 368,351 | 1,452,735 | 1,152,182 | 154,798 | 112,835 | 8,050 | ||||
| Misc Debtors | 44,030,331 | 39,683,133 | 31,372,395 | 24,745,256 | 1,350,622 | 391 | 400 | ||||
| Cash | 36,698,816 | 33,510,125 | 47,939,426 | 22,451,965 | 4,099,597 | 2,781,721 | 1,139,577 | 3,145,167 | 3,317,727 | 196,658 | 284,534 |
| misc current assets | 153,649,625 | 135,073,092 | 115,645,344 | 17,376,323 | 17,072,501 | 14,865,563 | 12,718,985 | 8,420,626 | 2,942,800 | 131,343 | |
| total current assets | 234,378,772 | 208,266,350 | 194,957,165 | 149,227,727 | 23,430,055 | 20,222,573 | 17,457,875 | 17,016,334 | 11,893,151 | 3,252,684 | 424,327 |
| total assets | 698,280,055 | 643,629,357 | 516,827,577 | 424,982,625 | 28,152,051 | 23,206,224 | 20,417,645 | 19,799,557 | 14,176,430 | 4,399,076 | 1,170,089 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 893,001 | 1,057,109 | 531,096 | 7,920 | |||||||
| Group/Directors Accounts | 3,688,143 | ||||||||||
| other short term finances | 404,165 | ||||||||||
| hp & lease commitments | 145,070 | 145,070 | 145,070 | 145,070 | 145,070 | ||||||
| other current liabilities | 8,225,289 | 6,853,082 | 9,122,530 | 6,614,364 | 4,393,898 | 2,714,076 | 2,644,029 | 1,310,773 | 1,093,661 | 789,736 | 335,518 |
| total current liabilities | 8,370,359 | 6,998,152 | 9,267,600 | 7,163,599 | 8,227,111 | 2,714,076 | 2,644,029 | 2,203,774 | 2,150,770 | 1,320,832 | 343,438 |
| loans | 1,047,797,046 | 961,990,256 | 869,275,672 | 618,373,012 | 2,369,476 | ||||||
| hp & lease commitments | 604,458 | 749,528 | 1,184,738 | ||||||||
| Accruals and Deferred Income | 406,555 | 23,082 | 75,771 | ||||||||
| other liabilities | 101,984,583 | 76,448,795 | 38,317,997 | 88,813,878 | 934,387 | 2,103,013 | 2,075,236 | 4,885,281 | 3,764,134 | ||
| provisions | 171,292 | 182,722 | 197,180 | 187,084 | 292,184 | 147,948 | 50,820 | 55,434 | |||
| total long term liabilities | 625,968,752 | 557,535,284 | 473,460,978 | 398,093,926 | 2,288,299 | 2,252,758 | 2,100,646 | 4,912,998 | 3,764,134 | ||
| total liabilities | 634,339,111 | 564,533,436 | 482,728,578 | 405,257,525 | 10,515,410 | 4,966,834 | 4,744,675 | 7,116,772 | 5,914,904 | 1,320,832 | 343,438 |
| net assets | 63,940,944 | 79,095,921 | 34,098,999 | 19,725,100 | 17,636,641 | 18,239,390 | 15,672,970 | 12,682,785 | 8,261,526 | 3,078,244 | 826,651 |
| total shareholders funds | 63,940,944 | 79,095,921 | 34,098,999 | 19,725,100 | 17,636,641 | 18,239,390 | 15,672,970 | 12,682,785 | 8,261,526 | 3,078,244 | 826,651 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -2,755,240 | -1,351,403 | |||||||||
| Depreciation | 283,947 | 273,722 | 264,205 | 253,417 | 222,331 | 52,998 | 38,715 | 29,193 | 16,911 | 10,076 | 1,946 |
| Amortisation | 526,555 | 480,717 | 433,324 | 452,760 | 308,882 | 206,097 | 313,777 | 201,678 | 128,537 | 109,150 | 10,750 |
| Tax | -3,573,240 | -3,952,840 | -3,241,532 | -1,102,970 | 128,837 | -628,785 | -730,766 | -574,852 | 263,177 | 191,557 | 288,011 |
| Stock | |||||||||||
| Debtors | 48,542,532 | 412,265,623 | -366,613,682 | 395,658,025 | 1,444,215 | -1,381,186 | 617,425 | 1,900,520 | 779,046 | 201,551 | 8,580 |
| Creditors | -893,001 | -164,108 | 526,013 | 523,176 | 7,920 | ||||||
| Accruals and Deferred Income | 1,372,207 | -2,676,003 | 2,914,721 | 2,197,384 | 1,627,133 | 145,818 | 1,333,256 | 217,112 | 303,925 | 454,218 | 335,518 |
| Deferred Taxes & Provisions | -11,430 | -14,458 | 10,096 | -105,100 | 144,236 | 97,128 | -4,614 | 55,434 | |||
| Cash flow from operations | -1,668,614 | -715,838 | |||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -15,815,488 | -289,961,961 | 317,621,831 | ||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -3,688,143 | 3,688,143 | |||||||||
| Other Short Term Loans | -404,165 | 404,165 | |||||||||
| Long term loans | 85,806,790 | 92,714,584 | 250,902,660 | 616,003,536 | 2,369,476 | ||||||
| Hire Purchase and Lease Commitments | -145,070 | 749,528 | -1,184,738 | 1,329,808 | |||||||
| other long term liabilities | 25,535,788 | 38,130,798 | -50,495,881 | 87,879,491 | -1,168,626 | 27,777 | -2,810,045 | 1,121,147 | 3,764,134 | ||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | 100,297,508 | 131,594,910 | 200,002,614 | 698,837,501 | 6,218,801 | 27,777 | -2,810,045 | 3,771,147 | 11,171,572 | 4,815,276 | 1,890,043 |
| cash and cash equivalents | |||||||||||
| cash | 3,188,691 | -14,429,301 | 25,487,461 | 18,352,368 | 1,317,876 | 1,642,144 | -2,005,590 | -172,560 | 3,121,069 | -87,876 | 284,534 |
| overdraft | |||||||||||
| change in cash | 3,188,691 | -14,429,301 | 25,487,461 | 18,352,368 | 1,317,876 | 1,642,144 | -2,005,590 | -172,560 | 3,121,069 | -87,876 | 284,534 |
startline motor finance limited Credit Report and Business Information
Startline Motor Finance Limited Competitor Analysis
Perform a competitor analysis for startline motor finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3V area or any other competitors across 12 key performance metrics.
startline motor finance limited Ownership
STARTLINE MOTOR FINANCE LIMITED group structure
Startline Motor Finance Limited has no subsidiary companies.
Ultimate parent company
STARTLINE INVESTORS LP
#0031718
STARTLINE HOLDINGS LTD
#0087241
2 parents
STARTLINE MOTOR FINANCE LIMITED
08302453
startline motor finance limited directors
Startline Motor Finance Limited currently has 5 directors. The longest serving directors include Mr Paul Burgess (Nov 2012) and Mr Joseph Izhakoff (Jul 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Burgess | 55 years | Nov 2012 | - | Director | |
| Mr Joseph Izhakoff | England | 59 years | Jul 2013 | - | Director |
| Mr John Sinclair | 78 years | Oct 2013 | - | Director | |
| Mr John Scherer | United Kingdom | 69 years | Oct 2013 | - | Director |
| Mr Alasdair Hannah | United Kingdom | 50 years | Sep 2021 | - | Director |
P&L
December 2023turnover
100.3m
+18%
operating profit
107m
0%
gross margin
31%
-62.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
63.9m
-0.19%
total assets
698.3m
+0.08%
cash
36.7m
+0.1%
net assets
Total assets minus all liabilities
startline motor finance limited company details
company number
08302453
Type
Private limited with Share Capital
industry
64910 - Financial leasing
incorporation date
November 2012
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
6th floor 60 gracechurch street, london, EC3V 0HR
Bank
-
Legal Advisor
MORTON FRASER
startline motor finance limited 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 5 charges/mortgages relating to startline motor finance limited. Currently there are 4 open charges and 1 have been satisfied in the past.
startline motor finance limited 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.
Click to start generating capital raising & share issue transactions for STARTLINE MOTOR FINANCE LIMITED. This can take several minutes, an email will notify you when this has completed.
startline motor finance limited Companies House Filings - See Documents
| date | description | view/download |
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