Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo
Stark software international ltd.
Registration Number
02911704Incorporation Date
23/03/1994Last Annual Return
Not availableAddress
Sentinel House, 10-12 Massetts Road, Horley, Surrey. RH6 7DE
Website
www.stark.co.ukAudit Fees
£254,000Secretary
Not available
Directors
Active
Mr Joel Daniel Benjamin Stark (49 yrs)
Active
Mr Alexander Matthew Warren (50 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-May-21 | 31-May-22 | 31-May-23 | 31-May-24 | 30-May-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 28692 | 32270 | 35893 | 43143 | 50909 |
| Directors Fees | 701 | 684 | 682 | 899 | 1079 |
| Gross Profits | 19126 | 21439 | 24687 | 27885 | 32904 |
| Value Added | 18221 | 19549 | 21625 | 24610 | 30399 |
| Trading Profit | 9433 | 11590 | 12588 | 14022 | 19041 |
| Depreciation | 209 | 202 | 206 | 254 | |
| Non-Trading Income | 54 | 34 | 57 | 218 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 9278 | 11422 | 12439 | 13986 | 18736 |
| Retained Profit (Shareholders Funds) | 8442 | 13709 | 11425 | 11567 | 8392 |
| Fixed Assets | 337 | 330 | 403 | 579 | 695 |
| Intangibles | 0 | 4553 | 5381 | 6842 | 8210 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 153 | 375 | 823 | 298 | 352 |
| Debtors | 5288 | 6968 | 6898 | 7756 | 9152 |
| Cash or Equivalent | 35611 | 42458 | 54162 | 66613 | 75270 |
| Total Current Assets | 41052 | 49801 | 61883 | 74667 | 84774 |
| Creditors | 1984 | 1782 | 1702 | 1778 | 2413 |
| Short Term Borrowing | 950 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 7627 | 7498 | 8968 | 10984 | 13181 |
| Total Current Liabilities | 10561 | 9280 | 10670 | 12762 | 15594 |
| Net Current Assets | 30491 | 40521 | 51213 | 61905 | 69180 |
| Shareholders Funds | 30783 | 44492 | 55917 | 67484 | 75876 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 45 | 912 | 1080 | 1841 | 2209 |
| Total Capital Employed | 30828 | 45404 | 56997 | 69325 | 78085 |
| Pretax Profit Margin % | 32.34 | 35.4 | 34.66 | 32.42 | 36.8 |
| Sales Growth % | 15 | 12 | 11 | 20 | 18 |
| Pretax Profit Growth % | 32 | 23 | 9 | 12 | 33.96 |
| Debtor Ratio Days | 67 | 79 | 70 | 65 | 65.437823053566 |
| Creditor Ratio Days | 25 | 20 | 17 | 15 | 17.2512528104211 |
| Stock Turnover | 188 | 86 | 44 | 145 | 144.775167785235 |
| Sales £000 / Employee | 146 | 162 | 160 | 185 | 203.679399141631 |
| Value Added £000/Empl. | 92 | 98 | 96 | 106 | 121.622535825998 |
| Av. Remun. £000 / Empl. | 45 | 40 | 40 | 45 | 45.4420600858369 |
| Total Empl. Remu. £000 | 8788 | 7959 | 9037 | 10588 | 11358.0363636364 |
| Employees | 197 | 199 | 225 | 233 | 249.945454545455 |
| Pretax Profit/Total Assets % | 22 | 21 | 18 | 17 | 20 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 20.2% in the latest year, well above the industry average of 9.3%.
- Gross Profit Margin is 64.6% in the latest year, well above the industry average of 32.3%.
- The company has consistently improved pretax profits over the last 4 years.Only 25 other companies achieved this.
- Pretax Profit Margin is 32.4% in the latest year, well above the industry average of 5.8%.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 49 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 369 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £43.1m sales and made £14.0m, by following the proposal plan, sales would rise to £50.9m and profits would rise to £18.7m.
Key Attractiveness Features
- ADD £43.1m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
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-May-21 | 31-May-22 | 31-May-23 | 31-May-24 | 30-May-25 |
| Total Sales (£000) | 28692 | 32270 | 35893 | 43143 | 50909 |
| Pre-tax Profit (£000) | 9278 | 11422 | 12439 | 13986 | 18736 |
| Total Value (£000) | 55403 | 72586 | 78825 | 88810 | 117484 |
| Asset Value (£000) | 5778 | 12226 | 13505 | 15475 | 18409 |
| Goodwill (£000) | 49625 | 60360 | 65320 | 73335 | 99075 |
| Liabilities (£000) | 25005 | 32266 | 42412 | 52010 | 57467 |
| Equity Value (£000) | 80408 | 104852 | 121237 | 140820 | 174951 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
STARK SOFTWARE INTERNATIONAL (HOLDINGS) LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
SMART ENERGY CODE COMPANY LTD
Acquisition / Valuation Comments
This company has been established 31 years.
The number of shareholders is low (1)
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £88.8m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 20% return on total assets.
The company's value would increase by 32% if the proposed business plan was followed.
Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo