terrastar gnss limited
terrastar gnss limited Company Information
Company Number
SC440089
Next Accounts
Sep 2025
Shareholders
veripos ltd
Group Structure
View All
Industry
Other telecommunications activities
Registered Address
veripos house, 1b farburn terrace, aberdeen, AB21 7DT
Website
www.terrastar.netterrastar gnss limited Estimated Valuation
Pomanda estimates the enterprise value of TERRASTAR GNSS LIMITED at £8.9m based on a Turnover of £9.2m and 0.96x industry multiple (adjusted for size and gross margin).
terrastar gnss limited Estimated Valuation
Pomanda estimates the enterprise value of TERRASTAR GNSS LIMITED at £17.8m based on an EBITDA of £4.4m and a 4.06x industry multiple (adjusted for size and gross margin).
terrastar gnss limited Estimated Valuation
Pomanda estimates the enterprise value of TERRASTAR GNSS LIMITED at £21.1m based on Net Assets of £8.7m and 2.41x industry multiple (adjusted for liquidity).
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Terrastar Gnss Limited Overview
Terrastar Gnss Limited is a live company located in aberdeen, AB21 7DT with a Companies House number of SC440089. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in January 2013, it's largest shareholder is veripos ltd with a 100% stake. Terrastar Gnss Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.2m with high growth in recent years.
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Terrastar Gnss Limited Health Check
Pomanda's financial health check has awarded Terrastar Gnss Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £9.2m, make it smaller than the average company (£14.1m)
£9.2m - Terrastar Gnss Limited
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (4.5%)
26% - Terrastar Gnss Limited
4.5% - Industry AVG
Production
with a gross margin of 39.1%, this company has a comparable cost of product (39.1%)
39.1% - Terrastar Gnss Limited
39.1% - Industry AVG
Profitability
an operating margin of 27.8% make it more profitable than the average company (4.3%)
27.8% - Terrastar Gnss Limited
4.3% - Industry AVG
Employees
with 39 employees, this is below the industry average (54)
- Terrastar Gnss Limited
54 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Terrastar Gnss Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £236.5k, this is equally as efficient (£238k)
- Terrastar Gnss Limited
£238k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (40 days)
5 days - Terrastar Gnss Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (43 days)
0 days - Terrastar Gnss Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Terrastar Gnss Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (8 weeks)
28 weeks - Terrastar Gnss Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.5%, this is a lower level of debt than the average (65.7%)
11.5% - Terrastar Gnss Limited
65.7% - Industry AVG
TERRASTAR GNSS LIMITED financials
Terrastar Gnss Limited's latest turnover from December 2023 is £9.2 million and the company has net assets of £8.7 million. According to their latest financial statements, we estimate that Terrastar Gnss Limited has 39 employees and maintains cash reserves of £623.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,223,606 | 8,789,528 | 5,992,556 | 4,580,926 | 4,102,490 | 3,476,611 | 2,229,016 | 1,804,026 | 629,852 | 186,153 | 58,628 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | 2,565,299 | 3,095,282 | 1,416,148 | 883,606 | 771,581 | 948,208 | 213,243 | 154,403 | -524,276 | -658,252 | -507,476 |
| Interest Payable | 63 | 250 | 60 | ||||||||
| Interest Receivable | 64,726 | 20,863 | 1,254 | 5,236 | 3,944 | 1,184 | 407 | 493 | 129 | ||
| Pre-Tax Profit | 2,540,996 | 3,210,135 | 1,418,687 | 900,866 | 765,405 | 985,391 | 195,165 | 168,885 | -535,545 | -656,039 | -507,248 |
| Tax | 63,250 | 99,046 | -6,820 | 52,500 | 52,134 | 20,352 | 3,505 | 12,784 | -42,775 | ||
| Profit After Tax | 2,604,246 | 3,309,181 | 1,411,867 | 953,366 | 817,539 | 1,005,743 | 198,670 | 181,669 | -578,320 | -656,039 | -507,248 |
| Dividends Paid | |||||||||||
| Retained Profit | 2,604,246 | 3,309,181 | 1,411,867 | 953,366 | 817,539 | 1,005,743 | 198,670 | 181,669 | -578,320 | -656,039 | -507,248 |
| Employee Costs | 41,024 | 93,657 | 91,691 | 110,701 | 256,086 | 364,629 | 205,423 | ||||
| Number Of Employees | |||||||||||
| EBITDA* | 4,380,897 | 4,910,880 | 2,812,506 | 2,045,606 | 1,830,493 | 1,617,852 | 597,384 | 498,015 | -308,045 | -657,785 | -507,476 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,910,452 | 2,722,490 | 2,671,027 | 2,878,242 | 2,243,380 | 1,877,180 | 1,120,124 | 379,257 | 330,485 | ||
| Intangible Assets | 5,797,056 | 3,110,642 | 1,685,822 | 1,094,155 | 799,927 | 956,595 | 1,155,396 | 958,335 | 1,055,912 | 985,870 | 183,864 |
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | 253,976 | 190,726 | 91,680 | 98,500 | 46,000 | ||||||
| Total Fixed Assets | 8,453,532 | 5,642,406 | 4,356,849 | 3,873,897 | 3,043,307 | 2,833,775 | 2,275,520 | 1,337,592 | 1,386,397 | 985,870 | 183,864 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 133,501 | 76,979 | 90,477 | 57,321 | 75,909 | 175,207 | 90,145 | 46,224 | 26,673 | 38,349 | 18,205 |
| Group Debtors | 663,783 | 697,667 | 526,011 | 410,104 | 284,005 | 318,874 | 149,350 | 162,447 | 56,716 | 22,852 | |
| Misc Debtors | 3,699 | 73,446 | 59,810 | 133,852 | 113,484 | 6,990 | 55,476 | 58,754 | 47,827 | 44,416 | 58,055 |
| Cash | 623,699 | 605,642 | 358,548 | 215,488 | 407,964 | 805,606 | 516,300 | 969,396 | 269,325 | 382,195 | 48,624 |
| misc current assets | |||||||||||
| total current assets | 1,424,682 | 1,453,734 | 1,034,846 | 816,765 | 881,362 | 1,306,677 | 811,271 | 1,236,821 | 400,541 | 487,812 | 124,884 |
| total assets | 9,878,214 | 7,096,140 | 5,391,695 | 4,690,662 | 3,924,669 | 4,140,452 | 3,086,791 | 2,574,413 | 1,786,938 | 1,473,682 | 308,748 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 2,020 | 5,080 | |||||||||
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 1,135,510 | 954,622 | 2,564,438 | 3,275,272 | 3,462,645 | 4,489,833 | 4,421,563 | 4,104,350 | 3,485,760 | 2,636,959 | 815,986 |
| total current liabilities | 1,137,530 | 959,702 | 2,564,438 | 3,275,272 | 3,462,645 | 4,489,833 | 4,421,563 | 4,104,350 | 3,485,760 | 2,636,959 | 815,986 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 12,268 | 52,972 | 59,982 | 85,550 | |||||||
| total long term liabilities | 6,134 | 26,486 | 29,991 | 42,775 | |||||||
| total liabilities | 1,137,530 | 959,702 | 2,564,438 | 3,275,272 | 3,462,645 | 4,495,967 | 4,448,049 | 4,134,341 | 3,528,535 | 2,636,959 | 815,986 |
| net assets | 8,740,684 | 6,136,438 | 2,827,257 | 1,415,390 | 462,024 | -355,515 | -1,361,258 | -1,559,928 | -1,741,597 | -1,163,277 | -507,238 |
| total shareholders funds | 8,740,684 | 6,136,438 | 2,827,257 | 1,415,390 | 462,024 | -355,515 | -1,361,258 | -1,559,928 | -1,741,597 | -1,163,277 | -507,238 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 2,565,299 | 3,095,282 | 1,416,148 | 883,606 | 771,581 | 948,208 | 213,243 | 154,403 | -524,276 | -658,252 | -507,476 |
| Depreciation | 1,097,672 | 1,097,672 | 946,934 | 805,280 | 592,055 | 373,444 | 124,026 | 83,497 | 15,460 | ||
| Amortisation | 717,926 | 717,926 | 449,424 | 356,720 | 466,857 | 296,200 | 260,115 | 260,115 | 200,771 | 467 | |
| Tax | 63,250 | 99,046 | -6,820 | 52,500 | 52,134 | 20,352 | 3,505 | 12,784 | -42,775 | ||
| Stock | |||||||||||
| Debtors | 16,141 | 270,840 | 68,201 | 180,379 | 18,327 | 206,100 | 27,546 | 136,209 | 25,599 | 29,357 | 76,260 |
| Creditors | -3,060 | 5,080 | |||||||||
| Accruals and Deferred Income | 180,888 | -1,609,816 | -710,834 | -187,373 | -1,027,188 | 68,270 | 317,213 | 618,590 | 848,801 | 1,820,973 | 815,986 |
| Deferred Taxes & Provisions | -12,268 | -40,704 | -7,010 | -25,568 | 85,550 | ||||||
| Cash flow from operations | 4,605,834 | 3,134,350 | 2,026,651 | 1,730,354 | 824,844 | 1,459,670 | 883,546 | 967,612 | 557,932 | 1,133,831 | 232,250 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| 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 | 64,726 | 20,863 | 1,254 | 5,236 | 3,944 | 1,184 | 407 | 430 | -121 | -60 | |
| cash flow from financing | 64,726 | 20,863 | 1,254 | 5,236 | 3,944 | 1,184 | 407 | 430 | -121 | -50 | |
| cash and cash equivalents | |||||||||||
| cash | 18,057 | 247,094 | 143,060 | -192,476 | -397,642 | 289,306 | -453,096 | 700,071 | -112,870 | 333,571 | 48,624 |
| overdraft | |||||||||||
| change in cash | 18,057 | 247,094 | 143,060 | -192,476 | -397,642 | 289,306 | -453,096 | 700,071 | -112,870 | 333,571 | 48,624 |
terrastar gnss limited Credit Report and Business Information
Terrastar Gnss Limited Competitor Analysis
Perform a competitor analysis for terrastar gnss limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in AB21 area or any other competitors across 12 key performance metrics.
terrastar gnss limited Ownership
TERRASTAR GNSS LIMITED group structure
Terrastar Gnss Limited has no subsidiary companies.
Ultimate parent company
HEXAGON AB
#0050257
2 parents
TERRASTAR GNSS LIMITED
SC440089
terrastar gnss limited directors
Terrastar Gnss Limited currently has 2 directors. The longest serving directors include Mr Richard Turner (Jun 2017) and Mr Grant Morton (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Turner | Scotland | 52 years | Jun 2017 | - | Director |
| Mr Grant Morton | Scotland | 59 years | Aug 2022 | - | Director |
P&L
December 2023turnover
9.2m
+5%
operating profit
2.6m
-17%
gross margin
39.1%
+0.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
8.7m
+0.42%
total assets
9.9m
+0.39%
cash
623.7k
+0.03%
net assets
Total assets minus all liabilities
terrastar gnss limited company details
company number
SC440089
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
January 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ANDERSON ANDERSON & BROWN AUDIT LLP
address
veripos house, 1b farburn terrace, aberdeen, AB21 7DT
Bank
-
Legal Advisor
-
terrastar gnss 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 terrastar gnss limited.
terrastar gnss limited 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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terrastar gnss limited Companies House Filings - See Documents
| date | description | view/download |
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