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Star refrigeration ltd
Registration Number
SC048005Incorporation Date
12/10/1970Last Annual Return
Not availableAddress
Unit 4 Block 3, Thornliebank Industrial Estate, Glasgow, Lanarkshire. G46 8JW
Website
www.star-ref.co.ukAudit Fees
£37,000Secretary
Not available
Directors
Active
Mr Maurice James Barr (61 yrs)
Active
Mr Ben Brown (49 yrs)
Active
Dr Robert Andrew Lamb (51 yrs)
Active
Mr David Forbes Pearson (52 yrs)
Active
Dr Lewis Brown (37 yrs)
Active
Mr Angus Douglas (55 yrs)
Active
Dr Andrew Brash Pearson (62 yrs)
Active
Ms Nadia Francesca Rae (39 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 52871 | 56335 | 62700 | 69678 | 71229 |
| Directors Fees | 950 | 1011 | 1083 | 1214 | 1214 |
| Gross Profits | 7931 | 7553 | 7162 | 10176 | 10403 |
| Value Added | 21995 | 22696 | 23788 | 28550 | 27696 |
| Trading Profit | 1398 | 732 | -205 | 2436 | 3428 |
| Depreciation | 400 | 380 | 401 | 363 | |
| Non-Trading Income | 47 | 25 | 0 | 69 | 0 |
| Total Interest Charges | 3 | 0 | 8 | 24 | 22 |
| Pre-tax Profit | 1042 | 377 | -614 | 2118 | 3079 |
| Retained Profit (Shareholders Funds) | 855 | 80 | -569 | 1616 | 1271 |
| Fixed Assets | 2029 | 1859 | 1858 | 1723 | 1637 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 418 | 526 | 689 | 936 | 797 |
| Debtors | 12315 | 15390 | 17935 | 15902 | 13818 |
| Cash or Equivalent | 12984 | 6886 | 5011 | 9887 | 14535 |
| Total Current Assets | 25717 | 22802 | 23635 | 26725 | 29150 |
| Creditors | 4849 | 6306 | 6125 | 6658 | 7827 |
| Short Term Borrowing | 388 | 0 | 0 | 24 | 0 |
| Other Current Liabilities | 12904 | 8549 | 10194 | 10685 | 10685 |
| Total Current Liabilities | 18141 | 14855 | 16319 | 17367 | 18512 |
| Net Current Assets | 7576 | 7947 | 7316 | 9358 | 10638 |
| Shareholders Funds | 8753 | 8833 | 8264 | 9880 | 11151 |
| Total Loan Capital | 0 | 0 | 0 | 77 | 0 |
| Other Capital Employed | 852 | 973 | 910 | 1124 | 1124 |
| Total Capital Employed | 9605 | 9806 | 9174 | 11081 | 12275 |
| Pretax Profit Margin % | 1.97 | 0.67 | -0.98 | 3.04 | 4.32 |
| Sales Growth % | 8 | 7 | 11 | 11 | 2 |
| Pretax Profit Growth % | 16 | -64 | -263 | 445 | 45.00 |
| Debtor Ratio Days | 85 | 99 | 104 | 83 | 70.6116536065903 |
| Creditor Ratio Days | 33 | 41 | 36 | 35 | 39.998834639341 |
| Stock Turnover | 126 | 107 | 91 | 74 | 89.3307692307692 |
| Sales £000 / Employee | 141 | 142 | 158 | 180 | 197.540721649484 |
| Value Added £000/Empl. | 58 | 57 | 60 | 74 | 76.8099236816551 |
| Av. Remun. £000 / Empl. | 55 | 55 | 60 | 67 | 67.3041237113402 |
| Total Empl. Remu. £000 | 20597 | 21964 | 23993 | 26114 | 24268.4137799043 |
| Employees | 376 | 397 | 398 | 388 | 360.57840800348 |
| Pretax Profit/Total Assets % | 4 | 2 | -2 | 7 | 10 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
- Total Sales have increased by 11.1% in the latest year, well above the industry average of -1.4%.
- Gross Profit Margin has markedly improved from 11.4% to 14.6% in the latest year.
- The average salary is £67,000 which is well above the industry average of £48,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 11% towards the Total Sales of the company.
- Pretax Profit Margin is 3.0% in the latest year, well above the industry average of 2.5%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is the only Best Trading Partner in this industry (see section 1c).
- The company is among the Top 4 in terms of Value Added.
- The company is among the Top 69 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £69.7m sales and made £2.1m, by following the proposal plan, sales would be level but profits would rise to £3.1m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £69.7m TO SALES
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 52871 | 56335 | 62700 | 69678 | 71229 |
| Pre-tax Profit (£000) | 1042 | 377 | -614 | 2118 | 3079 |
| Total Value (£000) | 24502 | 24590 | 22867 | 34996 | 37827 |
| Asset Value (£000) | 14762 | 17775 | 20482 | 18561 | 16252 |
| Goodwill (£000) | 9740 | 6815 | 2385 | 16435 | 21575 |
| Liabilities (£000) | -6009 | -8942 | -12218 | -8681 | -5101 |
| Equity Value (£000) | 18493 | 15648 | 10649 | 26315 | 32726 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
TRUSTEES OF STAR EMPLOYEE SHARE OWNERSHIP PLAN (18.6%)
MR ANTHONY HAROLD BROWN (13.3%)
MR ANDREW BRASH PEARSON (11.1%)
MRS JEAN PEARSON (7.1%)
Immediate Shareholder: See Shareholders
Subsidiaries
STAR M&E SOLUTIONS LTD
STAR RENEWABLE ENERGY LTD
STARFROST (UK) LTD
GREENSTILLS ASSOCIATES LTD
Acquisition / Valuation Comments
This company has been established 55 years.
2 directors are over 60 years of age.
2 directors are under 40 years of age.
The total value of the company is currently £35.0m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 10% return on total assets.
The proposed plan would improve the overall financial strength of the company by 12%.
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