unit 7 glebe house, boothen old road, stoke-on-trent, staffordshire, ST4 4EZ
Website
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steer tec ltdEstimated Valuation
£42k
Pomanda estimates the enterprise value of STEER TEC LTD at £42k based on a Turnover of £106.9k and 0.39x industry multiple (adjusted for size and gross margin).
steer tec ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of STEER TEC LTD at £0 based on an EBITDA of £-20.3k and a 3.29x industry multiple (adjusted for size and gross margin).
steer tec ltdEstimated Valuation
£8.1k
Pomanda estimates the enterprise value of STEER TEC LTD at £8.1k based on Net Assets of £3.4k and 2.37x industry multiple (adjusted for liquidity).
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Steer Tec LtdOverview
Steer Tec Ltd is a live company located in stoke-on-trent, ST4 4EZ with a Companies House number of 12780174. It operates in the electrical installation sector, SIC Code 43210. Founded in July 2020, it's largest shareholder is
paul heath
with a 80% stake. Steer Tec Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£106.9k with
high
growth in recent years.
Pomanda's financial health check has awarded Steer Tec Ltd a 1.5 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 Rating1.5out of 5
2 Strong
1 Regular
7 Weak
Size
annual sales of £106.9k, make it smaller than the average company (£2.3m)
£106.9k - Steer Tec Ltd
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (10.7%)
17% - Steer Tec Ltd
10.7% - Industry AVG
Production
with a gross margin of 20.1%, this company has a higher cost of product (32.5%)
20.1% - Steer Tec Ltd
32.5% - Industry AVG
Profitability
an operating margin of -19% make it less profitable than the average company (7.5%)
-19% - Steer Tec Ltd
7.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
1 - Steer Tec Ltd
14 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has an equivalent pay structure (£45.4k)
£45.4k - Steer Tec Ltd
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £106.9k, this is less efficient (£145.1k)
£106.9k - Steer Tec Ltd
£145.1k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (56 days)
94 days - Steer Tec Ltd
56 days - Industry AVG
Creditor Days
its suppliers are paid after 103 days, this is slower than average (35 days)
103 days - Steer Tec Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Steer Tec Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Steer Tec Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.6%, this is a higher level of debt than the average (56.8%)
87.6% - Steer Tec Ltd
56.8% - Industry AVG
STEER TEC LTD financials
EXPORT
Steer Tec Ltd's latest turnover from July 2024 is estimated at £106.9 thousand and the company has net assets of £3.4 thousand. According to their latest financial statements, Steer Tec Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Turnover
106,860
139,578
42,151
66,626
Other Income Or Grants
Cost Of Sales
85,346
111,292
33,126
53,137
Gross Profit
21,513
28,286
9,025
13,489
Admin Expenses
41,773
7,151
20,789
-10,728
Operating Profit
-20,260
21,135
-11,764
24,217
Interest Payable
Interest Receivable
Pre-Tax Profit
-20,260
21,135
-11,764
24,217
Tax
-5,284
-4,601
Profit After Tax
-20,260
15,851
-11,764
19,616
Dividends Paid
Retained Profit
-20,260
15,851
-11,764
19,616
Employee Costs
45,382
42,436
42,624
41,871
Number Of Employees
1
1
1
1
EBITDA*
-20,260
21,135
-11,764
24,217
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Tangible Assets
1,805
3,608
5,411
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,805
3,608
5,411
Stock & work in progress
Trade Debtors
27,719
47,075
9,771
24,186
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
27,719
47,075
9,771
24,186
total assets
27,719
48,880
13,379
29,597
Bank overdraft
Bank loan
Trade Creditors
24,276
25,177
5,527
9,981
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
24,276
25,177
5,527
9,981
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
24,276
25,177
5,527
9,981
net assets
3,443
23,703
7,852
19,616
total shareholders funds
3,443
23,703
7,852
19,616
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Operating Activities
Operating Profit
-20,260
21,135
-11,764
24,217
Depreciation
Amortisation
Tax
-5,284
-4,601
Stock
Debtors
-19,356
37,304
-14,415
24,186
Creditors
-901
19,650
-4,454
9,981
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-1,805
-1,803
-1,803
5,411
Investing Activities
capital expenditure
1,805
1,803
1,803
-5,411
Change in Investments
cash flow from investments
1,805
1,803
1,803
-5,411
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
steer tec ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for steer tec ltd. Get real-time insights into steer tec ltd's credit score, group structure and payment trends.
Perform a competitor analysis for steer tec ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in ST4 area or any other competitors across 12 key performance metrics.
steer tec ltd Ownership
STEER TEC LTD group structure
Steer Tec Ltd has no subsidiary companies.
Ultimate parent company
STEER TEC LTD
12780174
STEER TEC LTD Shareholders
The largest shareholders in Steer Tec Ltd include Paul Heath and Petra Heath.
paul heath
80%
petra heath
20%
steer tec ltd directors
Steer Tec Ltd currently has 2 directors.
The longest serving directors include
Mr Paul Heath (Jul 2020) and
Mrs Petra Heath (Oct 2021).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2024
net assets
3.4k
-0.85%
total assets
27.7k
-0.43%
cash
0
0%
net assets
Total assets minus all liabilities
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steer tec ltd company details
company number
12780174
Type
Private limited with Share Capital
industry
33140 - Repair of electrical equipment
43210 - Electrical installation
incorporation date
July 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
July 2024
previous names
N/A
accountant
-
auditor
-
address
unit 7 glebe house, boothen old road, stoke-on-trent, staffordshire, ST4 4EZ
Bank
-
Legal Advisor
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steer tec ltd 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 steer tec ltd.
steer tec ltd 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.
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steer tec ltdCompanies House Filings - See Documents
