STARLINKS GLOBAL LIMITED
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Cash
£599K
-14.8% vs 2023
Net assets
-£3M
-162.2% vs 2023
Employees
57
+96.6% vs 2023
Profit before tax
-£2.5M
-257.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £11,341,947 | £18,454,140 | +62.7% | |
| Operating profit | -£498,578 | -£2,069,646 | -315.1% | |
| Profit before tax | -£690,882 | -£2,469,124 | -257.4% | |
| Net profit | -£519,646 | -£1,855,154 | -257% | |
| Cash | £703,347 | £599,429 | -14.8% | |
| Total assets less current liabilities | £385,750 | £4,271,423 | +1,007.3% | |
| Net assets | -£1,143,436 | -£2,998,590 | -162.2% | |
| Equity | -£1,143,436 | -£2,998,590 | -162.2% | |
| Average employees | 29 | 57 | +96.6% | |
| Wages | £1,821,882 | £2,899,164 | +59.1% | |
| Directors' remuneration | £120,833 | £178,000 | +47.3% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -4.4% | -11.2% | |
| Net margin | -4.6% | -10.1% | |
| Return on capital employed | -129.2% | -48.5% | |
| Gearing (liabilities / total assets) | 121.9% | 136.8% | |
| Current ratio | 1.01x | 1.48x | |
| Interest cover | -2.59x | -5.18x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- JS. Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the balance sheet date the company had net liabilities of £2,998,590. The company meets its funding requirements through the provision of loans from a parent undertaking. Management has prepared and considered financial forecasts and has received confirmation from the parent undertaking that it will continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “2024 was a year of further investment in people, IT and infrastructure including the opening of a large warehouse facility and the associated fit out costs, positioning the business for future growth.”
- “During 2024 macro-economic factors, political instability and the resultant weak retail environment negatively impacted volumes and costs making the year particularly challenging for Starlinks Global and the cross-border e-commerce industry as a whole.”
- “The business has also been impacted by foreign currency exchange rate fluctuations, particularly towards the end of 2024 and specifically the US Dollar rates.”
- “VAT in Saudi Arabia: During the year, the company was charged an amount of £509,232 in respect of VAT on services arising in Saudi Arabia and provided by the parent company. ... directors are confident that the company meets the relevant criteria for the amount of £266,080 to be reclaimed...”
- “VAT in United Arab Emirates (UAE): During the year, the company became aware that some of the supplies it makes in UAE are subject to VAT in that country. The company has taken advice on the position and is going to submit an application to retrospectively register for VAT in UAE...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALMOAYYED, Omar Sami Khalil | Director | 2022-05-11 | Jan 1994 | Bahraini |
| BADAMI, Baqir | Director | 2022-05-11 | Sep 1969 | Australian |
| BLYTHE, Gary | Director | 2022-05-11 | Aug 1981 | British |
| CHAPMAN, Beth | Director | 2022-05-19 | Jun 1977 | British |
| KHAMDAN, Ayman Ismaeel | Director | 2022-05-11 | May 1983 | Bahraini |
Ownership
Persons with significant control
Filing timeline
Last 13 of 13 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-05-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-20 | AA | accounts | Accounts with accounts type full | |
| 2024-08-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-12 | SH08 | capital | Capital name of class of shares | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-09 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-05-30 | SH01 | capital | Capital allotment shares | |
| 2022-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-11 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 1
- 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.