keith spicer limited

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keith spicer limited Company Information

Share KEITH SPICER LIMITED

Company Number

00348565

Shareholders

harris freeman asia ltd

multitrade overseas pte limited

Group Structure

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Industry

Tea processing

 

Registered Address

5 cobham road, ferndown industrial estate, wimborne, dorset, BH21 7PN

keith spicer limited Estimated Valuation

£11.1m

Pomanda estimates the enterprise value of KEITH SPICER LIMITED at £11.1m based on a Turnover of £21.5m and 0.52x industry multiple (adjusted for size and gross margin).

keith spicer limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of KEITH SPICER LIMITED at £3.7m based on an EBITDA of £1m and a 3.54x industry multiple (adjusted for size and gross margin).

keith spicer limited Estimated Valuation

£0

Pomanda estimates the enterprise value of KEITH SPICER LIMITED at £0 based on Net Assets of £-1.2m and 1.36x industry multiple (adjusted for liquidity).

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Keith Spicer Limited Overview

Keith Spicer Limited is a live company located in wimborne, BH21 7PN with a Companies House number of 00348565. It operates in the tea processing sector, SIC Code 10831. Founded in January 1939, it's largest shareholder is harris freeman asia ltd with a 70% stake. Keith Spicer Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.5m with healthy growth in recent years.

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Keith Spicer Limited Health Check

Pomanda's financial health check has awarded Keith Spicer Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £21.5m, make it in line with the average company (£26.7m)

£21.5m - Keith Spicer Limited

£26.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.6%)

9% - Keith Spicer Limited

4.6% - Industry AVG

production

Production

with a gross margin of 14.9%, this company has a higher cost of product (20.2%)

14.9% - Keith Spicer Limited

20.2% - Industry AVG

profitability

Profitability

an operating margin of 3% make it more profitable than the average company (1.3%)

3% - Keith Spicer Limited

1.3% - Industry AVG

employees

Employees

with 127 employees, this is below the industry average (166)

127 - Keith Spicer Limited

166 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.3k, the company has an equivalent pay structure (£37.4k)

£38.3k - Keith Spicer Limited

£37.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £169.7k, this is less efficient (£244.2k)

£169.7k - Keith Spicer Limited

£244.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 62 days, this is near the average (52 days)

62 days - Keith Spicer Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 28 days, this is close to average (28 days)

28 days - Keith Spicer Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 89 days, this is more than average (69 days)

89 days - Keith Spicer Limited

69 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (9 weeks)

14 weeks - Keith Spicer Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 107.8%, this is a higher level of debt than the average (74.1%)

107.8% - Keith Spicer Limited

74.1% - Industry AVG

KEITH SPICER LIMITED financials

EXPORTms excel logo

Keith Spicer Limited's latest turnover from December 2023 is £21.5 million and the company has net assets of -£1.2 million. According to their latest financial statements, Keith Spicer Limited has 127 employees and maintains cash reserves of £838.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover21,546,97317,411,57217,677,93416,680,19721,012,83219,125,77924,696,17524,849,59924,609,20725,343,20827,599,74028,206,40519,332,10519,298,50921,125,536
Other Income Or Grants000000000000000
Cost Of Sales18,327,88314,876,99015,131,84614,691,31418,695,54716,971,93621,564,60321,627,52319,630,46820,207,65624,215,15123,529,33416,807,91617,652,81718,179,624
Gross Profit3,219,0902,534,5822,546,0881,988,8832,317,2852,153,8433,131,5723,222,0764,978,7395,135,5523,384,5894,677,0712,524,1891,645,6922,945,912
Admin Expenses2,570,3652,527,3592,483,4412,347,9992,634,6613,271,6254,101,6984,495,1294,478,7624,447,2344,499,1374,304,6383,531,6223,333,6333,676,065
Operating Profit648,7257,22362,647-359,116-317,376-1,117,782-970,126-1,273,053499,977688,318-1,114,548372,433-1,007,433-1,687,941-730,153
Interest Payable705,841317,213240,343204,390335,411413,691726,236723,730360,006392,334694,928527,604322,898363,157320,666
Interest Receivable12,7262,3291,01917,0342,7152,291279,308330,4711,004335,552311,596352,008390,672363,056427,330
Pre-Tax Profit-61,255-281,661-163,677-546,472-633,072-1,511,182-1,417,054-1,666,312115,975269,536-1,530,630164,087-939,6592,345,848-235,337
Tax0243,078-241,855000000202000141,075219,092
Profit After Tax-61,255-38,583-405,532-546,472-633,072-1,511,182-1,417,054-1,666,312115,975269,738-1,530,630164,087-939,6592,486,923-16,245
Dividends Paid000000000000119,1281,857,3600
Retained Profit-61,255-38,583-405,532-546,472-633,072-1,511,182-1,417,054-1,666,312115,975269,738-1,530,630164,087-1,058,787629,563-16,245
Employee Costs4,860,8264,200,1014,034,2954,108,4274,335,0493,967,9145,352,3915,345,6744,381,5274,449,6214,864,6844,250,3163,747,5733,954,7994,595,505
Number Of Employees127123121132146134142149166162183183155198195
EBITDA*1,044,032514,539596,784197,177259,524-532,767-333,741-635,7731,142,3221,318,863-600,433718,469-650,427-1,275,909-258,206

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets4,408,2634,731,9115,099,7105,580,7146,054,8607,084,0397,369,7877,534,4587,555,0907,163,8387,506,5426,436,0311,056,6411,428,6583,066,955
Intangible Assets20,82430,20839,59248,97558,35867,74077,124104,2080000000
Investments & Other963,732963,7322,206,7321,858,7321,700,732525,004289,004444432,754401,503467,003460,000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets5,392,8195,725,8517,346,0347,488,4217,813,9507,676,7837,735,9157,638,6707,555,0947,163,8427,506,5466,468,7851,458,1441,895,6613,526,955
Stock & work in progress4,505,4486,044,8354,738,7835,229,5954,426,7574,134,4165,524,0977,067,5355,729,7495,794,6785,403,8576,594,6915,952,0354,057,1534,681,576
Trade Debtors3,704,6722,591,6672,362,9492,313,8322,492,2362,529,5883,135,8253,788,1403,819,0024,703,1914,056,1574,219,9872,687,5272,999,6773,788,631
Group Debtors80,108578,31900000052,326928,85338,26015,90506,75022,624
Misc Debtors688,399426,820293,936421,866335,335415,372538,0441,878,8501,215,183863,356766,563659,760575,113372,538376,826
Cash838,378426,6161,220,221314,587416,429670,919288,601496,650304,540335,229232,355355,716565,5322,389,03690,975
misc current assets000000000000000
total current assets9,817,00510,068,2578,615,8898,279,8807,670,7577,750,2959,486,56713,231,17511,120,80012,625,30710,497,19211,846,0599,780,2079,825,1548,960,632
total assets15,209,82415,794,10815,961,92315,768,30115,484,70715,427,07817,222,48220,869,84518,675,89419,789,14918,003,73818,314,84411,238,35111,720,81512,487,587
Bank overdraft000000000004,944,0004,013,9811,513,2532,604,522
Bank loan0000004,537,5005,080,0004,730,0005,749,0534,994,0000000
Trade Creditors 1,428,4771,171,3163,019,3702,340,5711,018,1671,556,1121,368,9871,271,002958,6991,508,2491,493,2341,457,4501,225,0523,763,6003,619,101
Group/Directors Accounts1,086,4373,340,339000639,238001,369,8592,185,1351,221,814849,73400213,319
other short term finances0000003,925,0831,783,9620000000
hp & lease commitments000000000000000
other current liabilities440,568273,862324,301518,801545,789803,6071,321,0501,297,085877,9991,145,466789,8831,092,730296,512306,769577,489
total current liabilities2,955,4824,785,5173,343,6712,859,3721,563,9562,998,95711,152,6209,432,0497,936,55710,587,9038,498,9318,343,9145,535,5455,583,6227,014,431
loans12,800,00011,599,99411,699,99412,149,99412,736,34410,752,6423,962,1128,280,0815,970,3104,498,1947,158,4936,089,9861,586,949752,049543,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions00553,619174,000129,00089,000321,0890000000141,075
total long term liabilities13,444,00011,810,99412,253,61312,323,99412,865,34410,841,6424,283,2019,203,0816,532,3105,203,1947,715,4936,843,9861,586,949752,049684,075
total liabilities16,399,48216,596,51115,597,28415,183,36614,429,30013,840,59915,435,82118,635,13014,468,86715,791,09716,214,42415,187,9007,122,4946,335,6717,698,506
net assets-1,189,658-802,403364,639584,9351,055,4071,586,4791,786,6612,234,7154,207,0273,998,0521,789,3143,126,9444,115,8575,385,1444,789,081
total shareholders funds-1,189,658-802,403364,639584,9351,055,4071,586,4791,786,6612,234,7154,207,0273,998,0521,789,3143,126,9444,115,8575,385,1444,789,081
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit648,7257,22362,647-359,116-317,376-1,117,782-970,126-1,273,053499,977688,318-1,114,548372,433-1,007,433-1,687,941-730,153
Depreciation385,923497,932524,754546,910567,518575,630625,654629,956642,345630,545514,115346,036357,006412,032471,947
Amortisation9,3849,3849,3839,3839,3829,38510,7317,3240000000
Tax0243,078-241,855000000202000141,075219,092
Stock-1,539,3871,306,052-490,812802,838292,341-1,389,681-1,543,4381,337,786-64,929390,821-1,190,834642,6561,894,882-624,4234,681,576
Debtors876,373939,921-78,813-91,873-117,389-728,909-1,993,121580,479-1,408,8891,634,420-34,6721,633,012-116,325-809,1164,188,081
Creditors257,161-1,848,054678,7991,322,404-537,945187,12597,985312,303-549,55015,01535,784232,398-2,538,548144,4993,619,101
Accruals and Deferred Income166,706-50,439-194,500-26,988-257,818-517,44323,965419,086-267,467355,583-302,847796,218-10,257-270,720577,489
Deferred Taxes & Provisions0-553,619379,61945,00040,000-232,089321,089000000-141,075141,075
Cash flow from operations2,130,913-3,940,4681,788,472826,628-671,1911,023,4163,645,857-1,822,6491,799,123-335,578358,010-528,583-4,977,78931,409-4,571,106
Investing Activities
capital expenditure00000-288,362-458,612-763,038-1,007,813-292,102-1,581,466-5,711,721138,0823,437,295-690,538
Change in Investments0-1,243,000348,000158,0001,175,728236,000289,000000-32,750-368,749-65,5007,003460,000
cash flow from investments01,243,000-348,000-158,000-1,175,728-524,362-747,612-763,038-1,007,813-292,102-1,548,716-5,342,972203,5823,430,292-1,150,538
Financing Activities
Bank loans00000-4,537,500-542,500350,000-1,019,053755,0534,994,0000000
Group/Directors Accounts-2,253,9023,340,33900-639,238639,2380-1,369,859-815,276963,321372,080849,7340-213,319213,319
Other Short Term Loans 00000-3,925,0832,141,1211,783,9620000000
Long term loans1,200,006-100,000-450,000-586,3501,983,7026,790,530-4,317,9692,309,7711,472,116-2,660,2991,068,5074,503,037834,900209,049543,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue-326,000-1,128,459185,23676,000102,0001,311,000969,000-306,00093,0001,939,000193,000-1,153,000-210,500-33,5004,805,326
interest-693,115-314,884-239,324-187,356-332,696-411,400-446,928-393,259-359,002-56,782-383,332-175,59667,774-101106,664
cash flow from financing-2,073,0111,796,996-504,088-697,7061,113,768-133,215-2,197,2762,374,615-628,215940,2936,244,2554,024,175692,174-37,8715,668,309
cash and cash equivalents
cash411,762-793,605905,634-101,842-254,490382,318-208,049192,110-30,689102,874-123,361-209,816-1,823,5042,298,06190,975
overdraft0000000000-4,944,000930,0192,500,728-1,091,2692,604,522
change in cash411,762-793,605905,634-101,842-254,490382,318-208,049192,110-30,689102,8744,820,639-1,139,835-4,324,2323,389,330-2,513,547

keith spicer limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Keith Spicer Limited Competitor Analysis

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Perform a competitor analysis for keith spicer limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BH21 area or any other competitors across 12 key performance metrics.

keith spicer limited Ownership

KEITH SPICER LIMITED group structure

Keith Spicer Limited has 4 subsidiary companies.

Ultimate parent company

HARRIS FREEMAN & CO INC

#0075098

HARRIS FREEMAN ASIA LTD

#0020582

2 parents

KEITH SPICER LIMITED

00348565

4 subsidiaries

KEITH SPICER LIMITED Shareholders

harris freeman asia ltd 70%
multitrade overseas pte limited 30%

keith spicer limited directors

Keith Spicer Limited currently has 6 directors. The longest serving directors include Mrs Maria Roberts (Dec 2010) and Mr Chirayu Borooah (Aug 2014).

officercountryagestartendrole
Mrs Maria RobertsUnited States63 years Dec 2010- Director
Mr Chirayu Borooah59 years Aug 2014- Director
Mr Christopher Owen52 years Jan 2021- Director
Mr Sumit Shah40 years Feb 2021- Director
Mr Martin ClayUnited States61 years Mar 2022- Director
Mr Kishore Shah66 years Oct 2023- Director

P&L

December 2023

turnover

21.5m

+24%

operating profit

648.7k

+8881%

gross margin

15%

+2.63%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-1.2m

+0.48%

total assets

15.2m

-0.04%

cash

838.4k

+0.97%

net assets

Total assets minus all liabilities

keith spicer limited company details

company number

00348565

Type

Private limited with Share Capital

industry

10831 - Tea processing

incorporation date

January 1939

age

86

incorporated

UK

ultimate parent company

HARRIS FREEMAN & CO INC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

MAZARS LLP

address

5 cobham road, ferndown industrial estate, wimborne, dorset, BH21 7PN

Bank

WELLS FARGO BANK N A

Legal Advisor

-

keith spicer limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 15 charges/mortgages relating to keith spicer limited. Currently there are 0 open charges and 15 have been satisfied in the past.

keith spicer limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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keith spicer limited Companies House Filings - See Documents

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