Sterling Gold Ltd

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sterling gold ltd Company Information

Company Number

10124569

Next Accounts

50 days late

Directors

Muhammed Sheikh

Omar Sheikh

Shareholders

muhammed alim sheikh

omar sheikh

Group Structure

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Industry

Retail sale of watches and jewellery in specialised stores

Registered Address

19 elmhurst road, slough, SL3 8LT

Website

www.cooksongold.com

sterling gold ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of STERLING GOLD LTD at £1.2m based on a Turnover of £4.2m and 0.27x industry multiple (adjusted for size and gross margin).

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Sterling Gold Ltd is a live company located in slough, SL3 8LT with a Companies House number of 10124569. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in April 2016, it's largest shareholder is muhammed alim sheikh with a 50% stake. Sterling Gold Ltd is a young, small sized company, Pomanda has estimated its turnover at £4.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Sterling Gold Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £4.2m, make it smaller than the average company (£18.4m)

Growth

3 year (CAGR) sales growth of 96%, show it is growing at a faster rate (12.4%)

EXPORT

Sterling Gold Ltd's latest turnover from April 2023 is estimated at £4.2 million and the company has net assets of £457.7 thousand. According to their latest financial statements, Sterling Gold Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Turnover	4,248,877	4,538,368	511,872	563,603	795,234	1,681,796	208,375
Other Income Or Grants
Cost Of Sales	3,619,429	3,864,578	441,152	477,098	666,759	1,397,250	171,197
Gross Profit	629,447	673,789	70,720	86,505	128,475	284,545	37,178
Admin Expenses	710,585	746,442	122,766	172,364	-227,309	-279,637	37,098
Operating Profit	-81,138	-72,653	-52,046	-85,859	355,784	564,182	80
Interest Payable
Interest Receivable			740	1,102	2,810	66
Pre-Tax Profit	-81,138	-72,653	-51,306	-84,757	358,594	564,248	80
Tax					-68,133	-107,207	-15
Profit After Tax	-81,138	-72,653	-51,306	-84,757	290,461	457,041	65
Dividends Paid
Retained Profit	-81,138	-72,653	-51,306	-84,757	290,461	457,041	65
Employee Costs	85,668	194,151	166,096	162,613	69,965	126,934	30,791
Number Of Employees	2	5	5	5	2	4	1
EBITDA*	-81,138	-72,653	-52,046	-85,859	355,784	564,182	80

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Tangible Assets			1,669,538
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets			1,669,538
Stock & work in progress
Trade Debtors	1,682,689	1,764,308	131,239		194,820	640,597	76,797
Group Debtors
Misc Debtors
Cash				1,480,438	722,946	26,368
misc current assets
total current assets	1,682,689	1,764,308	131,239	1,480,438	917,766	666,965	76,797
total assets	1,682,689	1,764,308	1,800,777	1,480,438	917,766	666,965	76,797
Bank overdraft
Bank loan
Trade Creditors	120,730	125,159	77,432	113,909		152,084	18,267
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	120,730	125,159	77,432	113,909		152,084	18,267
loans
hp & lease commitments
Accruals and Deferred Income	13,010	13,010	13,010
other liabilities	1,088,236	1,084,288	1,095,831	703,619	170,099	57,675	58,365
provisions	3,000	3,000	3,000
total long term liabilities	1,104,246	1,100,298	1,111,841	703,619	170,099	57,675	58,365
total liabilities	1,224,976	1,225,457	1,189,273	817,528	170,099	209,759	76,632
net assets	457,713	538,851	611,504	662,910	747,667	457,206	165
total shareholders funds	457,713	538,851	611,504	662,910	747,667	457,206	165

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Operating Activities
Operating Profit	-81,138	-72,653	-52,046	-85,859	355,784	564,182	80
Depreciation
Amortisation
Tax					-68,133	-107,207	-15
Stock
Debtors	-81,619	1,633,069	131,239	-194,820	-445,777	563,800	76,797
Creditors	-4,429	47,727	-36,477	113,909	-152,084	133,817	18,267
Accruals and Deferred Income			13,010
Deferred Taxes & Provisions			3,000
Cash flow from operations	-3,948	-1,657,995	-203,752	222,870	581,344	26,992	-58,465
Investing Activities
capital expenditure		1,669,538	-1,669,538
Change in Investments
cash flow from investments		1,669,538	-1,669,538
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	3,948	-11,543	392,212	533,520	112,424	-690	58,365
share issue			-100				100
interest			740	1,102	2,810	66
cash flow from financing	3,948	-11,543	392,852	534,622	115,234	-624	58,465
cash and cash equivalents
cash			-1,480,438	757,492	696,578	26,368
overdraft
change in cash			-1,480,438	757,492	696,578	26,368

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 gold ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SL3 area or any other competitors across 12 key performance metrics.

STERLING GOLD LTD group structure

Sterling Gold Ltd has no subsidiary companies.

Ultimate parent company

STERLING GOLD LTD

10124569

STERLING GOLD LTD Shareholders

muhammed alim sheikh	50%
omar sheikh	50%

Sterling Gold Ltd currently has 2 directors. The longest serving directors include Mr Muhammed Sheikh (Apr 2016) and Mr Omar Sheikh (Oct 2019).

officer	country	age	start	end	role
Mr Muhammed Sheikh	England	73 years	Apr 2016	-	Director
Mr Omar Sheikh	England	42 years	Oct 2019	-	Director

P&L

April 2023

turnover

4.2m

-6%

operating profit

-81.1k

gross margin

14.9%

-0.22%

turnover

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

Balance Sheet

April 2023

net assets

457.7k

-0.15%

total assets

1.7m

-0.05%

cash

net assets

Total assets minus all liabilities

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company number

10124569

Type

Private limited with Share Capital

industry

47770 - Retail sale of watches and jewellery in specialised stores

46720 - Wholesale of metals and metal ores

incorporation date

April 2016

ultimate parent company

None

previous names

N/A

address

19 elmhurst road, slough, SL3 8LT

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.

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sterling gold ltd Company Information

sterling gold ltd Estimated Valuation

sterling gold ltd Estimated Valuation

sterling gold ltd Estimated Valuation

Sterling Gold Ltd Overview

Sterling Gold Ltd Health Check

STERLING GOLD LTD financials

sterling gold ltd Credit Report and Business Information

Sterling Gold Ltd Competitor Analysis

sterling gold ltd Ownership

sterling gold ltd directors

sterling gold ltd company details

sterling gold ltd Charges & Mortgages

sterling gold ltd Capital Raised & Share Issues BETA

sterling gold ltd Companies House Filings - See Documents