steeple group limited
steeple group limited Company Information
Company Number
08388176
Website
www.steeplegroup.comRegistered Address
eterna lighting huxley close, park farm south, wellingborough, northamptonshire, NN8 6AB
Industry
Wholesale of furniture, carpets and lighting equipment
Telephone
01933672180
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
arnold geoffrey denman 46.3%
dorothy may denman 46.3%
View Allsteeple group limited Estimated Valuation
Pomanda estimates the enterprise value of STEEPLE GROUP LIMITED at £18.3m based on a Turnover of £26.4m and 0.69x industry multiple (adjusted for size and gross margin).
steeple group limited Estimated Valuation
Pomanda estimates the enterprise value of STEEPLE GROUP LIMITED at £23.2m based on an EBITDA of £2.4m and a 9.65x industry multiple (adjusted for size and gross margin).
steeple group limited Estimated Valuation
Pomanda estimates the enterprise value of STEEPLE GROUP LIMITED at £57.5m based on Net Assets of £34.9m and 1.65x industry multiple (adjusted for liquidity).
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Steeple Group Limited Overview
Steeple Group Limited is a live company located in wellingborough, NN8 6AB with a Companies House number of 08388176. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in February 2013, it's largest shareholder is arnold geoffrey denman with a 46.3% stake. Steeple Group Limited is a established, large sized company, Pomanda has estimated its turnover at £26.4m with declining growth in recent years.
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Steeple Group Limited Health Check
Pomanda's financial health check has awarded Steeple Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £26.4m, make it larger than the average company (£13.3m)
£26.4m - Steeple Group Limited
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (4.5%)
-7% - Steeple Group Limited
4.5% - Industry AVG
Production
with a gross margin of 48.3%, this company has a lower cost of product (29.2%)
48.3% - Steeple Group Limited
29.2% - Industry AVG
Profitability
an operating margin of 6.5% make it more profitable than the average company (4.4%)
6.5% - Steeple Group Limited
4.4% - Industry AVG
Employees
with 116 employees, this is above the industry average (38)
116 - Steeple Group Limited
38 - Industry AVG
Pay Structure
on an average salary of £48.9k, the company has a higher pay structure (£36.1k)
£48.9k - Steeple Group Limited
£36.1k - Industry AVG
Efficiency
resulting in sales per employee of £227.4k, this is less efficient (£301.4k)
£227.4k - Steeple Group Limited
£301.4k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (45 days)
58 days - Steeple Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is close to average (39 days)
37 days - Steeple Group Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 230 days, this is more than average (85 days)
230 days - Steeple Group Limited
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 88 weeks, this is more cash available to meet short term requirements (9 weeks)
88 weeks - Steeple Group Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.9%, this is a lower level of debt than the average (59.2%)
12.9% - Steeple Group Limited
59.2% - Industry AVG
steeple group limited Credit Report and Business Information
Steeple Group Limited Competitor Analysis
Perform a competitor analysis for steeple group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
steeple group limited Ownership
STEEPLE GROUP LIMITED group structure
Steeple Group Limited has 6 subsidiary companies.
Ultimate parent company
STEEPLE GROUP LIMITED
08388176
6 subsidiaries
steeple group limited directors
Steeple Group Limited currently has 6 directors. The longest serving directors include Mrs Dorothy Denman (Feb 2013) and Mrs Susan Blatchford (Feb 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Dorothy Denman | 87 years | Feb 2013 | - | Director | |
| Mrs Susan Blatchford | 56 years | Feb 2013 | - | Director | |
| Mr Arnold Denman | 88 years | Feb 2013 | - | Director | |
| Mr Michael Denman | 53 years | Feb 2013 | - | Director | |
| Mr Michael Denman | 53 years | Feb 2013 | - | Director | |
| Mr Robert Johnson | 51 years | Sep 2019 | - | Director |
STEEPLE GROUP LIMITED financials
Steeple Group Limited's latest turnover from December 2022 is £26.4 million and the company has net assets of £34.9 million. According to their latest financial statements, Steeple Group Limited has 116 employees and maintains cash reserves of £7.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 26,374,000 | 27,642,000 | 28,469,000 | 33,003,000 | 30,781,000 | 30,123,000 | 30,433,000 | 27,938,000 | 28,577,000 | 28,408,000 | 26,728,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 13,633,000 | 14,471,000 | 16,131,000 | 19,206,000 | 19,726,000 | 19,330,000 | 18,834,000 | 16,578,000 | 16,992,000 | 17,835,000 | 16,404,000 |
| Gross Profit | 12,741,000 | 13,171,000 | 12,338,000 | 13,797,000 | 11,055,000 | 10,793,000 | 11,599,000 | 11,360,000 | 11,585,000 | 10,573,000 | 10,324,000 |
| Admin Expenses | 11,017,000 | 11,263,000 | 11,793,000 | 12,223,000 | 8,721,000 | 7,309,000 | 6,578,000 | 9,322,000 | 6,643,000 | 6,964,000 | 7,231,000 |
| Operating Profit | 1,724,000 | 1,908,000 | 545,000 | 1,574,000 | 2,334,000 | 3,484,000 | 5,021,000 | 2,038,000 | 4,942,000 | 3,609,000 | 3,093,000 |
| Interest Payable | 0 | 1,000 | 0 | 0 | 0 | 20,000 | 23,000 | 23,000 | 26,000 | 30,000 | 26,000 |
| Interest Receivable | 13,000 | 23,000 | 38,000 | 44,000 | 53,000 | 29,000 | 29,000 | 45,000 | 50,000 | 107,000 | 94,000 |
| Pre-Tax Profit | 1,790,000 | 1,953,000 | 583,000 | 1,618,000 | 2,387,000 | 3,591,000 | 5,065,000 | 2,121,000 | 4,966,000 | 4,252,000 | 3,161,000 |
| Tax | -332,000 | -758,000 | -339,000 | -319,000 | -721,000 | -832,000 | -1,235,000 | -487,000 | -1,071,000 | -939,000 | -532,000 |
| Profit After Tax | 1,458,000 | 1,195,000 | 244,000 | 1,299,000 | 1,666,000 | 2,759,000 | 3,830,000 | 1,634,000 | 3,895,000 | 3,313,000 | 2,629,000 |
| Dividends Paid | 696,000 | 96,000 | 14,000 | 16,000 | 319,000 | 0 | 0 | 0 | 0 | 30,000 | 104,000 |
| Retained Profit | 762,000 | 1,099,000 | 230,000 | 1,283,000 | 1,347,000 | 2,759,000 | 3,830,000 | 1,634,000 | 3,895,000 | 3,283,000 | 2,525,000 |
| Employee Costs | 5,668,000 | 5,661,000 | 6,248,000 | 6,106,000 | 5,195,000 | 4,369,000 | 4,114,000 | 6,262,000 | 3,717,000 | 3,879,000 | 3,773,000 |
| Number Of Employees | 116 | 105 | 124 | 133 | 116 | 106 | 104 | 105 | 107 | 103 | 122 |
| EBITDA* | 2,400,000 | 2,917,000 | 1,691,000 | 2,728,000 | 2,947,000 | 3,752,000 | 5,231,000 | 2,252,000 | 5,163,000 | 3,809,000 | 3,093,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,439,000 | 13,257,000 | 13,348,000 | 13,361,000 | 7,191,000 | 5,754,000 | 5,113,000 | 4,326,000 | 4,582,000 | 4,755,000 | 8,773,000 |
| Intangible Assets | 0 | 461,000 | 1,255,000 | 2,049,000 | 3,551,000 | 0 | 0 | 0 | 0 | 0 | 13,000 |
| Investments & Other | 2,935,000 | 3,178,000 | 1,600,000 | 0 | 1,587,000 | 1,522,000 | 2,300,000 | 1,800,000 | 755,000 | 0 | 32,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,374,000 | 16,896,000 | 16,203,000 | 15,410,000 | 12,329,000 | 7,276,000 | 7,413,000 | 6,126,000 | 5,337,000 | 4,755,000 | 8,818,000 |
| Stock & work in progress | 8,626,000 | 10,656,000 | 7,159,000 | 9,044,000 | 7,550,000 | 7,556,000 | 7,358,000 | 5,494,000 | 4,823,000 | 5,393,000 | 5,664,000 |
| Trade Debtors | 4,237,000 | 4,338,000 | 4,378,000 | 6,119,000 | 7,637,000 | 8,076,000 | 9,297,000 | 7,168,000 | 5,239,000 | 4,615,000 | 4,059,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,281,000 | 1,978,000 | 2,409,000 | 633,000 | 453,000 | 461,000 | 452,000 | 400,000 | 294,000 | 355,000 | 572,000 |
| Cash | 7,601,000 | 6,559,000 | 8,565,000 | 7,701,000 | 9,995,000 | 12,032,000 | 8,733,000 | 10,421,000 | 10,136,000 | 7,161,000 | 11,650,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21,745,000 | 23,531,000 | 22,511,000 | 23,497,000 | 25,635,000 | 28,125,000 | 25,840,000 | 23,483,000 | 20,492,000 | 17,524,000 | 21,945,000 |
| total assets | 40,119,000 | 40,427,000 | 38,714,000 | 38,907,000 | 37,964,000 | 35,401,000 | 33,253,000 | 29,609,000 | 25,829,000 | 22,279,000 | 30,763,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,395,000 | 2,457,000 | 1,699,000 | 1,342,000 | 1,449,000 | 1,268,000 | 1,524,000 | 1,074,000 | 1,074,000 | 1,211,000 | 1,237,000 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,084,000 | 3,713,000 | 3,452,000 | 4,733,000 | 4,066,000 | 3,706,000 | 3,745,000 | 5,241,000 | 3,492,000 | 3,241,000 | 2,148,000 |
| total current liabilities | 4,479,000 | 6,170,000 | 5,151,000 | 6,075,000 | 5,515,000 | 4,974,000 | 5,269,000 | 6,315,000 | 4,566,000 | 4,452,000 | 3,385,000 |
| loans | 152,000 | 152,000 | 152,000 | 177,000 | 202,000 | 227,000 | 252,000 | 252,000 | 252,000 | 332,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 546,000 | 560,000 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 3,000 | 0 | 0 | 0 | 0 | 0 | 332,000 |
| provisions | 554,000 | 383,000 | 509,000 | 317,000 | 1,026,000 | 366,000 | 303,000 | 332,000 | 346,000 | 378,000 | 1,466,000 |
| total long term liabilities | 706,000 | 535,000 | 661,000 | 494,000 | 1,231,000 | 593,000 | 1,101,000 | 1,144,000 | 598,000 | 710,000 | 1,798,000 |
| total liabilities | 5,185,000 | 6,705,000 | 5,812,000 | 6,569,000 | 6,746,000 | 5,567,000 | 6,370,000 | 7,459,000 | 5,164,000 | 5,162,000 | 5,183,000 |
| net assets | 34,934,000 | 33,722,000 | 32,902,000 | 32,338,000 | 31,218,000 | 29,834,000 | 26,883,000 | 22,150,000 | 20,665,000 | 17,117,000 | 25,580,000 |
| total shareholders funds | 34,934,000 | 33,722,000 | 32,902,000 | 32,338,000 | 31,218,000 | 29,834,000 | 26,883,000 | 22,150,000 | 20,665,000 | 17,117,000 | 25,580,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 1,724,000 | 1,908,000 | 545,000 | 1,574,000 | 2,334,000 | 3,484,000 | 5,021,000 | 2,038,000 | 4,942,000 | 3,609,000 | 3,093,000 |
| Depreciation | 215,000 | 215,000 | 352,000 | 352,000 | 290,000 | 268,000 | 210,000 | 214,000 | 221,000 | 200,000 | |
| Amortisation | 461,000 | 794,000 | 794,000 | 802,000 | 323,000 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -332,000 | -758,000 | -339,000 | -319,000 | -721,000 | -832,000 | -1,235,000 | -487,000 | -1,071,000 | -939,000 | -532,000 |
| Stock | -2,030,000 | 3,497,000 | -1,885,000 | 1,494,000 | -6,000 | 198,000 | 1,864,000 | 671,000 | -570,000 | -271,000 | 5,664,000 |
| Debtors | -798,000 | -471,000 | 35,000 | -1,338,000 | -447,000 | -1,212,000 | 2,181,000 | 2,035,000 | 563,000 | 339,000 | 4,631,000 |
| Creditors | -1,062,000 | 758,000 | 357,000 | -107,000 | 181,000 | -256,000 | 450,000 | 0 | -137,000 | -26,000 | 1,237,000 |
| Accruals and Deferred Income | -629,000 | 261,000 | -1,281,000 | 667,000 | 360,000 | -585,000 | -1,510,000 | 2,309,000 | 251,000 | 1,093,000 | 2,148,000 |
| Deferred Taxes & Provisions | 171,000 | -126,000 | 192,000 | -709,000 | 660,000 | 63,000 | -29,000 | -14,000 | -32,000 | -1,088,000 | 1,466,000 |
| Cash flow from operations | 3,376,000 | 26,000 | 2,470,000 | 2,104,000 | 3,880,000 | 3,156,000 | -1,138,000 | 1,354,000 | 4,181,000 | 2,781,000 | |
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -5,080,000 | 52,000 | -1,100,000 | -1,102,000 | -937,000 | 3,909,000 | -452,000 |
| Change in Investments | -243,000 | 1,578,000 | 1,600,000 | -1,587,000 | 65,000 | -778,000 | 500,000 | 1,045,000 | 755,000 | -32,000 | 32,000 |
| cash flow from investments | 243,000 | -1,578,000 | -1,600,000 | 1,587,000 | -5,145,000 | 830,000 | -1,600,000 | -2,147,000 | -1,692,000 | 3,941,000 | -484,000 |
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -25,000 | -25,000 | -25,000 | -25,000 | 0 | 0 | -80,000 | 332,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -3,000 | 3,000 | 0 | 0 | 0 | 0 | -332,000 | 332,000 |
| share issue | |||||||||||
| interest | 13,000 | 22,000 | 38,000 | 44,000 | 53,000 | 9,000 | 6,000 | 22,000 | 24,000 | 77,000 | 68,000 |
| cash flow from financing | 463,000 | -257,000 | 347,000 | -147,000 | 68,000 | 176,000 | 909,000 | -127,000 | -403,000 | -11,669,000 | 23,455,000 |
| cash and cash equivalents | |||||||||||
| cash | 1,042,000 | -2,006,000 | 864,000 | -2,294,000 | -2,037,000 | 3,299,000 | -1,688,000 | 285,000 | 2,975,000 | -4,489,000 | 11,650,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,042,000 | -2,006,000 | 864,000 | -2,294,000 | -2,037,000 | 3,299,000 | -1,688,000 | 285,000 | 2,975,000 | -4,489,000 | 11,650,000 |
P&L
December 2022turnover
26.4m
-5%
operating profit
1.7m
-10%
gross margin
48.4%
+1.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
34.9m
+0.04%
total assets
40.1m
-0.01%
cash
7.6m
+0.16%
net assets
Total assets minus all liabilities
Similar Companies
steeple group limited company details
company number
08388176
Type
Private limited with Share Capital
industry
46470 - Wholesale of furniture, carpets and lighting equipment
incorporation date
February 2013
age
11
accounts
Group
ultimate parent company
previous names
s g denman limited (March 2013)
incorporated
UK
address
eterna lighting huxley close, park farm south, wellingborough, northamptonshire, NN8 6AB
last accounts submitted
December 2022
steeple group 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 did not find charges/mortgages relating to steeple group limited.
steeple group limited Companies House Filings - See Documents
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