Starbank Panel Products Limited
Registered name: STARBANK PANEL PRODUCTS LIMITED
Part of Starbank Holdings Limited groupStarbank Panel Products Limited made £10.9m revenue and £662k profit in the year to 30 Nov 2025.
Starbank Panel Products Limited’s revenue grew 21% to £10.9m in the year to 30 Nov 2025, with £662k profit and 76 employees. The company is classified under “manufacture of veneer sheets and wood-based panels” and is based in Newton Le Willows; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Newton Le Willows, North West
- Age
- 30 yrs · since 1996
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 | 30 Nov 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £10.3m | £10.1m | £9m | £10.9m |
| Cost of sales | £6.9m | £6.5m | £6m | £6.9m |
| Gross profit | £3.4m | £3.6m | £3m | £4m |
| Operating profit | £566k | £392k | £41.4k | £814k |
| Profit before tax | £509k | £345k | £12.8k | £757k |
| Profit after tax | £423k | −£145k | −£131k | £662k |
| Profit (best available) | £423k | −£145k | −£131k | £662k |
| Staff costs | £3m | £3.2m | £3m | £3.3m |
| Employees (average) | 80 | 77 | 78 | 76 |
| Ratios | ||||
| Profit margin | 4.1% | −1.4% | −1.5% | 6.1% |
| Gross margin | 32.7% | 35.3% | 33.6% | 36.4% |
| Revenue per employee | £128k | £131k | £115k | £143k |
| Profit per employee | £5.3k | −£1.9k | −£1.7k | £8.7k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼1.7% | ▼10.9% | ▲21.1% |
| Profit growth | — | ▼134.4% | — | — |
| Headcount growth | — | ▼3.8% | ▲1.3% | ▼2.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.7m | £1.7m | £1.6m | £1.5m |
| Net assets | £5.2m | £5.1m | £4.9m | £5.6m |
| Fixed assets | £5.7m | £6m | £5.3m | £4.8m |
| Current assets | £4.2m | £4.6m | £4.1m | £5.1m |
| Debtors | £1.2m | £1.9m | £1.1m | £1.9m |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 6.1%
- Profit ÷ revenue.
- Gross margin
- 36.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £143k
- Revenue ÷ average employees.
- Profit per employee
- £8.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 44.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.8%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲13%
- Now £5.6m
- Cash at bank
- ▼8%
- Now £1.5m
- Headcount
- ▼3%
- Now 76
- Deferred income
- —
- Now —
- Fixed assets
- ▼9%
- Now £4.8m
Group structure
Ownership chain
- Starbank Holdings Limitedultimate parent75–100%
- Starbank Panel Products Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Duncan Reeds LimitedBillingshurst · Manufacture of veneer sheets and wood-based panels
- Revenue
- £10.1m
- Profit
- £452k
- Staff
- 55
- Hugh Stirling LimitedGlasgow · Manufacture of veneer sheets and wood-based panels
- Revenue
- £13.6m
- Profit
- £248k
- Staff
- 137
- Bathgate Flooring LimitedLiverpool · Manufacture of veneer sheets and wood-based panels
- Revenue
- £18.6m
- Profit
- £190k
- Staff
- 70
Sources
Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £662k), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.