storegga limited

3.5

storegga limited Company Information

Share STOREGGA LIMITED
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Company Number

12250071

Website

-

Registered Address

2nd floor 1-2 hatfields, london, SE1 9PG

Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Telephone

-

Next Accounts Due

September 2025

Group Structure

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Directors

Alan Booth4 Years

Nicholas Cooper4 Years

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Shareholders

mitsui & co ltd 19.7%

elsdon investments pte ltd 19.7%

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storegga limited Estimated Valuation

£11k

Pomanda estimates the enterprise value of STOREGGA LIMITED at £11k based on a Turnover of £5.9k and 1.86x industry multiple (adjusted for size and gross margin).

storegga limited Estimated Valuation

£0

Pomanda estimates the enterprise value of STOREGGA LIMITED at £0 based on an EBITDA of £-31.8m and a 7.04x industry multiple (adjusted for size and gross margin).

storegga limited Estimated Valuation

£142.6m

Pomanda estimates the enterprise value of STOREGGA LIMITED at £142.6m based on Net Assets of £83.4m and 1.71x industry multiple (adjusted for liquidity).

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Storegga Limited Overview

Storegga Limited is a live company located in london, SE1 9PG with a Companies House number of 12250071. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in October 2019, it's largest shareholder is mitsui & co ltd with a 19.7% stake. Storegga Limited is a young, micro sized company, Pomanda has estimated its turnover at £5.9k with declining growth in recent years.

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Storegga Limited Health Check

Pomanda's financial health check has awarded Storegga Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

0 Regular

positive_score

7 Weak

size

Size

annual sales of £5.9k, make it smaller than the average company (£19.5m)

£5.9k - Storegga Limited

£19.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -87%, show it is growing at a slower rate (9.4%)

-87% - Storegga Limited

9.4% - Industry AVG

production

Production

with a gross margin of 67.2%, this company has a lower cost of product (35.9%)

67.2% - Storegga Limited

35.9% - Industry AVG

profitability

Profitability

an operating margin of -547230.6% make it less profitable than the average company (4.5%)

-547230.6% - Storegga Limited

4.5% - Industry AVG

employees

Employees

with 87 employees, this is below the industry average (110)

87 - Storegga Limited

110 - Industry AVG

paystructure

Pay Structure

on an average salary of £181.5k, the company has a higher pay structure (£44.4k)

£181.5k - Storegga Limited

£44.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £68, this is less efficient (£190.5k)

£68 - Storegga Limited

£190.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 338 days, this is later than average (46 days)

338 days - Storegga Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 154538 days, this is slower than average (45 days)

154538 days - Storegga Limited

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Storegga Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 592 weeks, this is more cash available to meet short term requirements (14 weeks)

592 weeks - Storegga Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 14.3%, this is a lower level of debt than the average (69.9%)

14.3% - Storegga Limited

69.9% - Industry AVG

STOREGGA LIMITED financials

EXPORTms excel logo

Storegga Limited's latest turnover from December 2023 is £5.9 thousand and the company has net assets of £83.4 million. According to their latest financial statements, Storegga Limited has 87 employees and maintains cash reserves of £69.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020
Turnover5,91939,7792,136,0542,896,193
Other Income Or Grants0000
Cost Of Sales1,94126,0472,106,3882,427,036
Gross Profit3,97813,73229,666469,157
Admin Expenses32,394,55526,488,8412,973,2751,174,182
Operating Profit-32,390,577-26,475,109-2,943,609-705,025
Interest Payable0000
Interest Receivable378,83854,0275102,847
Pre-Tax Profit-32,011,739-26,421,082-2,943,099-702,178
Tax336,502796,359-319,30332,714
Profit After Tax-31,675,237-25,624,723-3,262,402-669,464
Dividends Paid0000
Retained Profit-31,675,237-25,624,723-3,262,402-669,464
Employee Costs15,791,49712,706,4595,586,6751,674,369
Number Of Employees87834927
EBITDA*-31,843,329-25,941,476-2,448,167-697,594

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020
Tangible Assets1,470,779988,715100,47612,646
Intangible Assets19,933,84914,280,83111,880,3314,503,976
Investments & Other761,049000
Debtors (Due After 1 year)0000
Total Fixed Assets22,165,67715,269,54611,980,8074,516,622
Stock & work in progress0000
Trade Debtors5,4821,0851,4872,042,399
Group Debtors3,402,5673,721,6663,273,0620
Misc Debtors1,825,2684,317,5472,784,7032,699,410
Cash69,923,50738,328,74511,461,3945,786,018
misc current assets0000
total current assets75,156,82446,369,04317,520,64610,527,827
total assets97,322,50161,638,58929,501,45315,044,449
Bank overdraft0000
Bank loan0000
Trade Creditors 821,804321,39584,9902,328,198
Group/Directors Accounts0000
other short term finances0000
hp & lease commitments0000
other current liabilities5,314,4216,071,1944,207,2307,834,092
total current liabilities6,136,2256,392,5894,292,22010,162,290
loans0000
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities7,814,1545,833,3322,839,0290
provisions00320,9211,618
total long term liabilities7,814,1545,833,3323,159,9501,618
total liabilities13,950,37912,225,9217,452,17010,163,908
net assets83,372,12249,412,66822,049,2834,880,541
total shareholders funds83,372,12249,412,66822,049,2834,880,541
Dec 2023Dec 2022Dec 2021Dec 2020
Operating Activities
Operating Profit-32,390,577-26,475,109-2,943,609-705,025
Depreciation67,24853,53415,4427,431
Amortisation480,000480,099480,0000
Tax336,502796,359-319,30332,714
Stock0000
Debtors-2,806,9811,981,0461,317,4434,741,809
Creditors500,409236,405-2,243,2082,328,198
Accruals and Deferred Income-756,7731,863,964-3,626,8627,834,092
Deferred Taxes & Provisions0-320,921319,3031,618
Cash flow from operations-28,956,210-25,346,715-9,635,6804,757,219
Investing Activities
capital expenditure0000
Change in Investments761,049000
cash flow from investments-761,049000
Financing Activities
Bank loans0000
Group/Directors Accounts0000
Other Short Term Loans 0000
Long term loans0000
Hire Purchase and Lease Commitments0000
other long term liabilities1,980,8222,994,3032,839,0290
share issue65,634,69152,988,10820,431,1445,550,005
interest378,83854,0275102,847
cash flow from financing67,994,35156,036,43823,270,6835,552,852
cash and cash equivalents
cash31,594,76226,867,3515,675,3765,786,018
overdraft0000
change in cash31,594,76226,867,3515,675,3765,786,018

storegga limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Storegga Limited Competitor Analysis

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storegga limited Ownership

STOREGGA LIMITED Shareholders

mitsui & co ltd 19.67%
elsdon investments pte ltd 19.67%
macquarie investments i limited 19.34%
m&g luxembourg sa 6.01%
stephen john murphy 5.96%
alan thomas james 5.96%
alan booth 5.49%
jonathan mark taylor 5.37%
snam international bv 5.02%
nicholas john cooper 4.97%

storegga limited directors

Storegga Limited currently has 15 directors. The longest serving directors include Mr Alan Booth (Oct 2019) and Dr Nicholas Cooper (Oct 2019).

officercountryagestartendrole
Mr Alan Booth66 years Oct 2019- Director
Dr Nicholas CooperEngland56 years Oct 2019- Director
Mr Nicholas CooperEngland56 years Oct 2019- Director
Mr Jonathan TaylorEngland59 years Oct 2019- Director
Mr Jan PeterssonEngland42 years Aug 2020- Director
Mr Peter GavanJersey54 years Aug 2020- Director
Mr David ClarksonEngland72 years Jul 2021- Director
Ms Sarah WillowsUnited Kingdom56 years Oct 2021- Director
Mr Huw CritchleyUnited Kingdom37 years Jun 2022- Director
Mr Alan Booth66 years Sep 2022- Director

P&L

December 2023

turnover

5.9k

-85%

operating profit

-32.4m

+22%

gross margin

67.3%

+94.69%

turnover

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

Balance Sheet

December 2023

net assets

83.4m

+0.69%

total assets

97.3m

+0.58%

cash

69.9m

+0.82%

net assets

Total assets minus all liabilities

storegga limited company details

company number

12250071

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

October 2019

age

5

accounts

Group

ultimate parent company

None

previous names

storegga geotechnologies limited (December 2021)

incorporated

UK

address

2nd floor 1-2 hatfields, london, SE1 9PG

last accounts submitted

December 2023

storegga 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 storegga limited.

charges

storegga limited Companies House Filings - See Documents

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