storegga limited
storegga limited Company Information
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
View All
Shareholders
mitsui & co ltd 19.7%
elsdon investments pte ltd 19.7%
View Allstoregga limited Estimated Valuation
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
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
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
4 Strong
0 Regular
7 Weak
Size
annual sales of £5.9k, make it smaller than the average company (£19.5m)
£5.9k - Storegga Limited
£19.5m - Industry AVG
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
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
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
with 87 employees, this is below the industry average (110)
87 - Storegga Limited
110 - Industry AVG
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
resulting in sales per employee of £68, this is less efficient (£190.5k)
£68 - Storegga Limited
£190.5k - Industry AVG
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
Creditor Days
its suppliers are paid after 154538 days, this is slower than average (45 days)
154538 days - Storegga Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Storegga Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 5,919 | 39,779 | 2,136,054 | 2,896,193 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,941 | 26,047 | 2,106,388 | 2,427,036 |
| Gross Profit | 3,978 | 13,732 | 29,666 | 469,157 |
| Admin Expenses | 32,394,555 | 26,488,841 | 2,973,275 | 1,174,182 |
| Operating Profit | -32,390,577 | -26,475,109 | -2,943,609 | -705,025 |
| Interest Payable | 0 | 0 | 0 | 0 |
| Interest Receivable | 378,838 | 54,027 | 510 | 2,847 |
| Pre-Tax Profit | -32,011,739 | -26,421,082 | -2,943,099 | -702,178 |
| Tax | 336,502 | 796,359 | -319,303 | 32,714 |
| Profit After Tax | -31,675,237 | -25,624,723 | -3,262,402 | -669,464 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -31,675,237 | -25,624,723 | -3,262,402 | -669,464 |
| Employee Costs | 15,791,497 | 12,706,459 | 5,586,675 | 1,674,369 |
| Number Of Employees | 87 | 83 | 49 | 27 |
| EBITDA* | -31,843,329 | -25,941,476 | -2,448,167 | -697,594 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 1,470,779 | 988,715 | 100,476 | 12,646 |
| Intangible Assets | 19,933,849 | 14,280,831 | 11,880,331 | 4,503,976 |
| Investments & Other | 761,049 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 22,165,677 | 15,269,546 | 11,980,807 | 4,516,622 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,482 | 1,085 | 1,487 | 2,042,399 |
| Group Debtors | 3,402,567 | 3,721,666 | 3,273,062 | 0 |
| Misc Debtors | 1,825,268 | 4,317,547 | 2,784,703 | 2,699,410 |
| Cash | 69,923,507 | 38,328,745 | 11,461,394 | 5,786,018 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 75,156,824 | 46,369,043 | 17,520,646 | 10,527,827 |
| total assets | 97,322,501 | 61,638,589 | 29,501,453 | 15,044,449 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 821,804 | 321,395 | 84,990 | 2,328,198 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 5,314,421 | 6,071,194 | 4,207,230 | 7,834,092 |
| total current liabilities | 6,136,225 | 6,392,589 | 4,292,220 | 10,162,290 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 7,814,154 | 5,833,332 | 2,839,029 | 0 |
| provisions | 0 | 0 | 320,921 | 1,618 |
| total long term liabilities | 7,814,154 | 5,833,332 | 3,159,950 | 1,618 |
| total liabilities | 13,950,379 | 12,225,921 | 7,452,170 | 10,163,908 |
| net assets | 83,372,122 | 49,412,668 | 22,049,283 | 4,880,541 |
| total shareholders funds | 83,372,122 | 49,412,668 | 22,049,283 | 4,880,541 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -32,390,577 | -26,475,109 | -2,943,609 | -705,025 |
| Depreciation | 67,248 | 53,534 | 15,442 | 7,431 |
| Amortisation | 480,000 | 480,099 | 480,000 | 0 |
| Tax | 336,502 | 796,359 | -319,303 | 32,714 |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -2,806,981 | 1,981,046 | 1,317,443 | 4,741,809 |
| Creditors | 500,409 | 236,405 | -2,243,208 | 2,328,198 |
| Accruals and Deferred Income | -756,773 | 1,863,964 | -3,626,862 | 7,834,092 |
| Deferred Taxes & Provisions | 0 | -320,921 | 319,303 | 1,618 |
| Cash flow from operations | -28,956,210 | -25,346,715 | -9,635,680 | 4,757,219 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | 761,049 | 0 | 0 | 0 |
| cash flow from investments | -761,049 | 0 | 0 | 0 |
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,980,822 | 2,994,303 | 2,839,029 | 0 |
| share issue | ||||
| interest | 378,838 | 54,027 | 510 | 2,847 |
| cash flow from financing | 67,994,351 | 56,036,438 | 23,270,683 | 5,552,852 |
| cash and cash equivalents | ||||
| cash | 31,594,762 | 26,867,351 | 5,675,376 | 5,786,018 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 31,594,762 | 26,867,351 | 5,675,376 | 5,786,018 |
storegga limited Credit Report and Business Information
Storegga Limited Competitor Analysis
Perform a competitor analysis for storegga limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
storegga limited Ownership
STOREGGA LIMITED group structure
Storegga Limited has 7 subsidiary companies.
Ultimate parent company
STOREGGA LIMITED
12250071
7 subsidiaries
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Booth | 66 years | Oct 2019 | - | Director | |
| Dr Nicholas Cooper | England | 56 years | Oct 2019 | - | Director |
| Mr Nicholas Cooper | England | 56 years | Oct 2019 | - | Director |
| Mr Jonathan Taylor | England | 59 years | Oct 2019 | - | Director |
| Mr Jan Petersson | England | 42 years | Aug 2020 | - | Director |
| Mr Peter Gavan | Jersey | 54 years | Aug 2020 | - | Director |
| Mr David Clarkson | England | 72 years | Jul 2021 | - | Director |
| Ms Sarah Willows | United Kingdom | 56 years | Oct 2021 | - | Director |
| Mr Huw Critchley | United Kingdom | 37 years | Jun 2022 | - | Director |
| Mr Alan Booth | 66 years | Sep 2022 | - | Director |
P&L
December 2023turnover
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 2023net assets
83.4m
+0.69%
total assets
97.3m
+0.58%
cash
69.9m
+0.82%
net assets
Total assets minus all liabilities
Similar Companies
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
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.
storegga limited Companies House Filings - See Documents
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