Starion International Limited

Starion International Limited is a small, holding company based in Uxbridge, UK, with an active status. Founded 41 years ago in 1984, it holds £265,711 in assets and operates from a real address shared by only one other company. The business is managed by three directors and owned by two individuals, although the ownership list changed five years ago. Starion regularly imports and exports essential oils and perfumes, with 25 months of import activity recorded and 3 months of export activity, the latest in September 2024.

The company's website reveals a very different operation than the import/export business suggests. Starion Group provides engineering expertise and solutions for space, defence, and critical infrastructures across Europe. They offer services ranging from space systems engineering and domain awareness to applied technologies like AI and quantum communications. The site highlights a focus on digital engineering, model-based system engineering (MBSE), and supporting essential space-related programs. It’s a complex operation with multiple offices across Europe, including Belgium, Czech Republic, Germany, Italy, Luxembourg, Netherlands, Spain, and the UK. The website also features a "Careers" section with job alerts and a blog showcasing the company’s expertise.

Financially, Starion International Limited presents a mixed picture. While current assets increased by 17% to £270,000, net assets remained unchanged at -£10,000,000—a significant figure. Bank borrowings remained steady, and cash reserves fell by 100% to zero, a concerning trend. Creditors increased by 30% to £260,000, and trade debtors rose by 6.4% to £240,000. The company meets two of three criteria to be considered small: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The accounts are abridged and unaudited, and no auditor is mentioned.

The company’s large, complex engineering operation, contrasted with its relatively small financial standing, suggests a business that may be burning through money. The lack of cash reserves is a particular cause for concern, and it’s possible the holding company structure is masking underlying financial strain within its various subsidiaries. It’s likely the company is relying on funding from its owners or related parties to sustain operations, and the long-term viability of this model remains to be seen.

Registered in England/Wales under the registration number 01783578, with a registered address at UB8 1JG, United Kingdom, Uxbridge, Charter Building Scion Europe, Charter Place.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.