KEGSTAR LIMITED
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Cash
£555K
-48.6% vs 2023
Net assets
£12M
-30.8% first positive since 2020
Employees
15
+36.4% vs 2023
Profit before tax
-£6.2M
-408.7% lowest in 5 filed years
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-06-30 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £6,440,123 | £8,103,616 | — | £14,399,280 | £14,352,474 | -0.3% | |
| Operating profit | -£151,272 | -£1,937,932 | — | £2,109,134 | -£1,501,558 | -171.2% | |
| Profit before tax | -£996,050 | -£2,473,291 | -£904,783 | -£1,210,957 | -£6,160,357 | -408.7% | |
| Net profit | -£907,299 | -£1,473,495 | £320,124 | -£1,127,563 | -£5,310,051 | -370.9% | |
| Cash | £356,374 | £652,877 | £1,755,923 | £1,081,434 | £555,492 | -48.6% | |
| Total assets less current liabilities | £18,591,493 | £18,328,978 | £18,350,613 | £17,223,050 | £11,912,999 | -30.8% | |
| Net assets | -£2,730,124 | £18,030,489 | — | £17,223,050 | £11,912,999 | -30.8% | |
| Equity | -£2,730,124 | £18,030,489 | £18,350,613 | £17,223,050 | £11,912,999 | -30.8% | |
| Average employees | 16 | 15 | 11 | 11 | 15 | +36.4% | |
| Wages | — | £1,390,661 | — | £760,034 | £1,179,448 | +55.2% | |
| Directors' remuneration | £242,890 | £227,663 | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-06-30 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -2.3% | -23.9% | — | 14.6% | -10.5% | |
| Net margin | -14.1% | -18.2% | — | -7.8% | -37.0% | |
| Return on capital employed | -0.8% | -10.6% | — | 12.2% | -12.6% | |
| Gearing (liabilities / total assets) | — | — | — | 67.5% | 79.2% | |
| Current ratio | — | — | — | 0.18x | 0.18x | |
| Interest cover | — | — | — | 0.64x | -0.32x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the liquidity requirements for the Company for at least the next 12 months from the date of approval of these financial statements. They intend to manage their working capital needs on a day to day basis through realising existing resources. In addition to this, the Directors have received assurance of continued financial support from an appropriate Microstar company for at least 12 months from the date of approving these financial statements through a letter of support. Accordingly, they continue to adopt the going concern basis in preparing the annual financial statements.”
Group structure
- KEGSTAR LIMITED · parent
- Kegstar Netherlands BV 100%
Significant events
- “During the year, the Company focused on aligning its operational model with that of MicroStar in the US by signing a long term lease on a brand new 150,000 square foot facility in Milton Keynes.”
- “Loss for the Financial Year 31 December 2024 was due to the expense incurred in a lease at a new facility in Milton Keynes along with the interest expense incurred in borrowing to fund the facility improvements and machinery purchases.”
- “Also contributing to the loss for the year was significant foreign exchange movements attributable to a strengthening of the Great British Pound relative to the United States Dollar.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2021-04-16 | — | — |
| HRANICKA, Michael Lee | Director | 2021-04-16 | Jan 1968 | American |
| PLACE, Bryan James | Director | 2021-04-16 | Jan 1979 | American |
| RALPH, Jon David | Director | 2021-04-16 | Jun 1964 | American |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GANGEMI, Francesca | Secretary | 2016-10-27 | 2019-12-20 |
| MACKENZIE, James Paul | Secretary | 2020-01-28 | 2021-04-16 |
| MONAJEM, Monica | Secretary | 2015-10-05 | 2016-10-27 |
| TRIPPE-SMITH, Adam | Secretary | 2015-08-21 | 2015-10-05 |
| BARDEN, Christian Jamie | Director | 2016-07-15 | 2021-04-16 |
| BERRY, Daniel Robert | Director | 2015-12-15 | 2016-07-15 |
| BLEAKLEY, James Edward | Director | 2020-10-29 | 2021-04-16 |
| CYNK, Christopher Anthony | Director | 2020-08-19 | 2021-04-16 |
| HOLBROOK, Renee Kelly | Director | 2018-08-01 | 2020-08-19 |
| TRIPPE-SMITH, Adam | Director | 2015-08-21 | 2018-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Microstar Uk Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-21 | Active |
| Kegstar Holdings Pty Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2021-04-16 |
Filing timeline
Last 20 of 85 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-15 | AA | accounts | Accounts with accounts type full | |
| 2025-01-27 | AA | accounts | Accounts with accounts type full | |
| 2025-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-18 | CH01 | officers | Change person director company with change date | |
| 2023-06-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-09 | AA | accounts | Accounts with accounts type full | |
| 2023-01-26 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.