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Starfish 9 ltd
Registration Number
SC358097Incorporation Date
14/04/2009Last Annual Return
Not availableAddress
9 Braid Avenue, Dalziel Park, Motherwell, Lanarkshire. ML1 5ET
Website
www.starfishltd.comAudit Fees
Not availableSecretary
Not available
Directors
Active
Mr Thomas Paul Cadden (61 yrs)
Active
Mr Joseph Fay (65 yrs)
Active
Mr John Jessimer (58 yrs)
Active
Mr Joseph McCabe (57 yrs)
Active
Mr Adam Denton Beaumont (45 yrs)
Active
Mr Daniel Jessimer (32 yrs)
Active
Ms Catherine Jessimer (58 yrs)
Active
Mr Shaun McCluskey (43 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | 30-Mar-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 13666 | 17183 | 18814 | 30000 | 35400 |
| Directors Fees | 695 | 820 | 820 | 820 | 984 |
| Gross Profits | 3461 | 5167 | 7637 | 12000 | 14160 |
| Value Added | 8218 | 10793 | 13246 | 19474 | 25918 |
| Trading Profit | 454 | 1784 | 5359 | 10264 | 16016 |
| Depreciation | 85 | 133 | 145 | 150 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 9 | 11 | 14 | 14 | 17 |
| Pre-tax Profit | 360 | 1640 | 5200 | 10100 | 15819 |
| Retained Profit (Shareholders Funds) | 301 | 1321 | 4553 | 7839 | 6060 |
| Fixed Assets | 832 | 1032 | 2131 | 2150 | 2580 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 412 | 86 | 95 | 98 | 116 |
| Debtors | 2236 | 827 | 2672 | 6730 | 7975 |
| Cash or Equivalent | 3034 | 6120 | 8790 | 13382 | 18624 |
| Total Current Assets | 5682 | 7033 | 11557 | 20210 | 26715 |
| Creditors | 1985 | 1532 | 2707 | 3200 | 4362 |
| Short Term Borrowing | 71 | 126 | 115 | 166 | 0 |
| Other Current Liabilities | 678 | 1159 | 945 | 1244 | 1493 |
| Total Current Liabilities | 2734 | 2817 | 3767 | 4610 | 5855 |
| Net Current Assets | 2948 | 4216 | 7790 | 15600 | 20860 |
| Shareholders Funds | 3667 | 4988 | 9541 | 17380 | 23440 |
| Total Loan Capital | 96 | 184 | 379 | 370 | 0 |
| Other Capital Employed | 18 | 75 | 0 | 0 | 0 |
| Total Capital Employed | 3781 | 5247 | 9920 | 17750 | 23440 |
| Pretax Profit Margin % | 2.63 | 9.54 | 27.64 | 33.67 | 44.69 |
| Sales Growth % | -1 | 26 | 9 | 59 | 18 |
| Pretax Profit Growth % | -45 | 356 | 217 | 94 | 56.62 |
| Debtor Ratio Days | 60 | 18 | 52 | 82 | 82 |
| Creditor Ratio Days | 53 | 32 | 52 | 39 | 44.85 |
| Stock Turnover | 33 | 200 | 198 | 306 | 306 |
| Sales £000 / Employee | 204 | 286 | 314 | 429 | 471.9 |
| Value Added £000/Empl. | 123 | 180 | 221 | 278 | 345.500118644068 |
| Av. Remun. £000 / Empl. | 116 | 150 | 131 | 132 | 132 |
| Total Empl. Remu. £000 | 7764 | 9009 | 7887 | 9210 | 9902.09790209791 |
| Employees | 67 | 60 | 60 | 70 | 75.0158931977114 |
| Pretax Profit/Total Assets % | 6 | 20 | 38 | 45 | 54 |
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 59.0% in the latest year, well above the industry average of -0.9%.
- The company lies an excellent 11th in terms of Pretax Profits in this industry. Up 6 places from last year.
- Gross Profit Margin is 40.0% in the latest year, well above the industry average of 25.4%.
- Sales per Employee is £429,000 which is well above the industry average of £365,000.
- The average salary is £132,000 which is well above the industry average of £52,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years.Only 12 other companies achieved this.
- Pretax Profit Margin is 33.7% in the latest year, well above the industry average of 5.8%.
- Pretax Profit Margin has markedly improved from 27.6% to 33.7% in the latest year.
- 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 15 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
Company Summary
The company currently has £30.0m sales and made £10.1m, by following the proposal plan, sales would rise to £35.4m and profits would rise to £15.8m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £30.0m TO SALES
- ATTRACTIVE PRICE
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-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | 30-Mar-26 |
| Total Sales (£000) | 13666 | 17183 | 18814 | 30000 | 35400 |
| Pre-tax Profit (£000) | 360 | 1640 | 5200 | 10100 | 15819 |
| Total Value (£000) | 8800 | 14300 | 35068 | 63648 | 94771 |
| Asset Value (£000) | 3480 | 1945 | 4898 | 8978 | 10671 |
| Goodwill (£000) | 5320 | 12355 | 30170 | 54670 | 84100 |
| Liabilities (£000) | 186 | 3044 | 4644 | 8402 | 12769 |
| Equity Value (£000) | 8986 | 17344 | 39712 | 72050 | 107540 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR JOHN JESSIMER (100.0%)
MRS CATHERINE JESSIMER
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 16 years.
The number of shareholders is low (2)
2 directors are over 60 years of age.
1 director is under 40 years of age.
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 £63.6m including debts.
The equity value is high, indicating low levels of total liabilities.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 54% return on total assets.
The company's value would increase by 49% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 11%.
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