Spirent Communications Plc

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spirent communications plc Company Information

Live

MatureMegaDeclining

Company Number

00470893

Website

www.spirent.com

Registered Address

origin one 108 high street, crawley, RH10 1BD

Industry

Other telecommunications activities

Activities of head offices

Telephone

01293767676

Next Accounts Due

June 2025

Group Structure

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Directors

Jonathan Silver9 Years

Paula Bell8 Years

View All

Shareholders

-0%

spirent communications plc Estimated Valuation

£1b

Pomanda estimates the enterprise value of SPIRENT COMMUNICATIONS PLC at £1b based on a Turnover of £380.7m and 2.75x industry multiple (adjusted for size and gross margin).

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Spirent Communications Plc is a live company located in crawley, RH10 1BD with a Companies House number of 00470893. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in July 1949, it's largest shareholder is unknown. Spirent Communications Plc is a mature, mega sized company, Pomanda has estimated its turnover at £380.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Spirent Communications Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £380.7m, make it larger than the average company (£17.7m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.9%)

EXPORT

Spirent Communications Plc's latest turnover from December 2023 is £380.7 million and the company has net assets of £301.7 million. According to their latest financial statements, Spirent Communications Plc has 1,621 employees and maintains cash reserves of £86.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	380,749,779	477,144,204	461,871,542	418,891,829	360,512,564	380,303,030	363,840,000	344,934,087	369,501,239	312,807,882	271,914,250	281,912,037	303,665,935	292,917,021	259,506,743
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	104,920,928	133,836,004	121,321,466	111,458,584	96,642,566	105,582,137	103,840,000	100,640,301	112,530,979	96,401,204	83,316,894	80,981,083	92,293,791	97,861,742	87,352,691
Gross Profit	275,828,851	343,308,200	340,550,076	307,433,245	263,869,998	274,720,893	260,000,000	244,293,785	256,970,260	216,406,678	188,597,356	200,930,954	211,372,144	195,055,279	172,154,052
Admin Expenses	261,058,039	254,791,078	256,996,231	230,695,213	200,443,840	228,867,623	225,040,000	275,254,237	249,148,079	200,191,571	162,885,513	136,420,600	138,440,687	126,594,582	119,426,558
Operating Profit	14,770,812	88,517,122	83,553,845	76,738,032	63,426,158	45,853,270	34,960,000	-30,960,452	7,822,181	16,215,107	25,711,843	64,510,354	72,931,457	68,460,697	52,727,494
Interest Payable	722,485	785,423	962,232	1,202,790	1,288,568	79,745	0	527,307	387,237	0	591,833	298,383	7,938,557	789,697	1,518,649
Interest Receivable	4,334,912	2,277,725	481,116	1,282,976	2,004,438	1,120,000	480,000	225,988	309,789	273,672	591,832	477,412	8,842,132	485,967	3,644,757
Pre-Tax Profit	18,383,238	90,009,425	83,072,729	76,818,218	64,142,029	48,803,828	37,280,000	-34,651,601	7,434,944	16,488,779	25,711,843	64,689,384	73,770,492	68,156,968	51,573,320
Tax	1,846,351	-11,545,712	-11,546,789	-9,141,208	-8,304,102	-4,306,220	-14,080,000	2,787,194	3,020,446	-2,394,636	-4,208,588	-17,306,200	-17,038,854	-20,106,913	3,826,996
Profit After Tax	20,229,590	78,463,713	71,525,940	67,677,011	55,837,927	44,497,608	23,200,000	-31,864,407	10,455,390	14,094,143	21,503,255	47,383,183	56,731,638	48,050,055	55,400,316
Dividends Paid	37,328,410	31,338,360	0	0	20,473,907	43,700,159	19,680,000	18,229,755	18,200,124	15,188,834	14,598,540	12,114,340	11,294,695	8,322,197	7,350,261
Retained Profit	-17,098,820	47,125,353	71,525,940	67,677,011	35,364,020	797,448	3,520,000	-50,094,162	-7,899,628	-1,163,109	6,904,715	7,161,186	49,761,198	39,727,858	48,050,055
Employee Costs	205,426,668	210,257,619	212,974,100	186,512,709	157,420,001	166,586,922	165,920,000	162,937,853	174,721,190	144,430,761	120,865,391	111,117,742	118,755,647	103,085,895	97,254,283
Number Of Employees	1,621	1,648	1,582	1,484	1,465	1,457	1,505	1,599	1,754	1,727	1,514	1,545	1,540	1,460	1,449
EBITDA*	32,832,945	107,053,094	104,322,026	94,779,889	80,821,819	62,451,164	55,040,000	-15,894,539	39,498,141	30,582,923	43,072,269	77,221,459	83,322,576	76,661,402	62,082,371

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	100,024,083	103,911,404	137,037,928	103,921,097	93,564,321	52,312,600	56,960,000	64,783,427	67,301,735	53,160,920	41,428,290	40,460,703	44,856,073	44,223,059	44,101,567
Intangible Assets	179,658,024	158,655,357	166,947,318	128,217,465	114,754,098	125,996,810	130,880,000	127,909,605	194,857,497	186,986,864	130,729,269	123,769,171	79,514,651	68,035,476	68,278,459
Investments & Other	0	392,711	641,488	240,558	214,761	6,000,000	4,560,000	0	3,562,577	0	0	0	451,787	0	0
Debtors (Due After 1 year)	45,677,129	38,642,789	51,319,060	34,880,923	29,279,118	0	0	3,465,160	3,330,235	2,873,563	2,893,404	2,924,151	2,065,315	0	0
Total Fixed Assets	238,018,784	229,186,302	258,760,323	202,710,287	183,978,810	178,880,000	187,840,000	192,693,032	262,159,231	240,147,783	172,157,559	164,229,874	124,370,724	112,258,534	112,380,026
Stock & work in progress	34,920,125	31,259,817	20,848,368	17,881,485	14,746,939	20,560,000	18,880,000	20,640,301	17,735,439	18,130,815	20,779,903	20,290,028	28,139,925	22,840,481	17,069,614
Trade Debtors	90,952,878	111,844,172	119,637,559	94,940,261	92,132,579	98,405,104	91,040,000	84,519,774	86,043,990	73,754,789	58,920,234	50,665,394	61,443,139	49,629,450	41,003,523
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	16,376,334	14,451,775	11,947,718	11,145,858	10,093,779	14,720,000	14,400,000	12,580,037	13,088,599	10,331,143	8,614,453	6,385,391	7,034,981	10,023,083	8,382,942
Cash	86,778,518	164,624,568	140,165,183	193,408,708	131,147,540	97,280,000	102,720,000	72,391,713	78,996,282	68,281,335	142,171,368	148,355,910	152,639,731	136,010,205	105,637,225
misc current assets	802,761	706,880	962,232	641,488	429,523	1,515,152	0	301,318	464,684	4,584,018	0	0	0	0	607,460
total current assets	230,633,379	324,772,227	295,565,712	318,338,545	248,908,297	230,542,265	227,040,000	190,433,145	196,328,996	175,082,102	230,485,960	225,696,724	249,257,777	218,503,220	172,700,765
total assets	468,652,163	553,958,529	554,326,035	521,048,832	432,887,107	409,422,265	414,880,000	383,126,177	458,488,227	415,229,885	402,643,519	389,926,598	373,628,501	330,761,754	285,080,791
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	15,493,297	26,390,198	10,343,998	7,537,487	17,610,423	10,287,081	56,160,000	15,819,209	12,159,232	12,178,435	12,033,932	9,488,572	13,876,339	16,401,409	11,420,241
Group/Directors Accounts	0	0	57,814,129	52,201,107	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	5,034,206	1,640,140	789,697
hp & lease commitments	8,589,548	5,576,500	0	0	6,084,902	0	0	0	0	0	0	0	0	0	0
other current liabilities	95,528,616	117,577,754	73,530,589	64,710,125	86,835,133	53,680,000	53,360,000	84,369,112	90,923,170	82,101,805	80,226,209	62,242,643	66,348,262	58,984,325	50,479,890
total current liabilities	119,611,463	149,544,455	141,688,718	124,448,721	110,530,460	102,791,069	109,520,000	100,188,324	103,082,404	94,280,241	92,260,143	71,731,217	85,258,810	77,025,878	62,689,831
loans	17,179,096	41,391,768	0	0	35,220,845	8,640,000	8,640,000	0	0	1,847,290	0	0	0	0	0
hp & lease commitments	8,589,548	11,781,338	0	0	17,538,835	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	5,853,580	5,131,906	9,735,843	0	0	10,772,128	0	7,525,998	8,548,694	0	5,679,617	3,705,503	3,826,995
other liabilities	27,213,614	157,084	39,531,712	31,914,039	572,696	3,280,000	6,160,000	1,958,568	17,657,991	1,094,690	1,446,702	6,803,127	968,116	850,443	971,935
provisions	23,119,530	18,535,971	16,839,065	8,980,834	12,742,499	28,320,000	23,200,000	25,762,709	37,174,720	26,546,249	5,786,807	31,270,512	18,458,757	3,766,248	7,775,481
total long term liabilities	47,362,928	39,035,501	53,804,827	41,536,364	34,361,801	21,760,000	22,080,000	25,612,052	36,245,353	23,741,105	12,888,801	22,438,383	15,877,113	6,439,071	8,686,672
total liabilities	166,974,391	188,579,956	195,493,545	165,985,085	144,892,261	124,551,069	131,600,000	125,800,376	139,327,757	118,021,346	105,148,944	94,169,600	101,135,923	83,464,949	71,376,503
net assets	301,677,771	365,378,574	358,832,491	355,063,747	287,994,846	284,871,196	283,280,000	257,325,801	318,928,128	297,140,121	297,494,575	295,756,998	272,492,578	247,296,805	213,704,288
total shareholders funds	301,677,772	365,378,574	358,832,491	355,063,748	287,994,846	285,167,464	283,280,000	257,325,800	318,928,129	297,140,120	297,494,575	295,756,997	272,492,578	247,296,805	213,704,289

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	14,770,812	88,517,122	83,553,845	76,738,032	63,426,158	45,853,270	34,960,000	-30,960,452	7,822,181	16,215,107	25,711,843	64,510,354	72,931,457	68,460,697	52,727,494
Depreciation	13,968,050	14,373,233	16,277,764	16,518,323	15,892,333	13,157,895	14,400,000	14,387,947	19,361,834	13,478,380	10,850,266	9,070,836	8,519,427	7,228,769	8,200,705
Amortisation	4,094,083	4,162,739	4,490,417	1,523,534	1,503,328	3,440,000	5,680,000	677,966	12,314,126	889,436	6,510,159	3,640,269	1,871,692	971,935	1,154,173
Tax	1,846,351	-11,545,712	-11,546,789	-9,141,208	-8,304,102	-4,306,220	-14,080,000	2,787,194	3,020,446	-2,394,636	-4,208,588	-17,306,200	-17,038,854	-20,106,913	3,826,996
Stock	3,660,308	10,411,449	2,966,883	3,134,546	-5,813,061	1,680,000	-1,760,301	2,904,862	-395,376	-2,649,088	489,875	-7,849,897	5,299,444	5,770,867	17,069,614
Debtors	-11,932,395	-17,965,601	41,937,295	9,461,566	18,065,476	8,000,000	4,875,029	-1,897,853	15,503,328	16,531,405	10,453,156	-10,568,500	10,890,902	10,266,068	49,386,465
Creditors	-10,896,901	16,046,200	2,806,511	-10,072,936	7,323,342	-45,872,919	40,340,791	3,659,977	-19,203	144,503	2,545,360	-4,387,767	-2,525,070	4,981,169	11,420,241
Accruals and Deferred Income	-22,049,138	38,193,585	9,542,138	-26,728,945	42,890,976	320,000	-41,781,240	4,218,070	1,295,367	852,900	26,532,260	-9,785,236	9,338,051	8,382,943	54,306,885
Deferred Taxes & Provisions	4,583,559	1,696,906	7,858,231	-3,761,665	-15,577,501	5,120,000	-2,562,709	-11,412,011	10,628,471	20,759,442	-25,483,705	12,811,755	14,692,509	-4,009,233	7,775,481
Cash flow from operations	14,588,903	158,998,225	68,077,939	32,479,023	94,902,119	8,032,026	33,842,114	-17,648,318	39,315,270	36,062,815	31,514,564	76,972,408	71,598,866	49,872,432	72,955,896
Investing Activities
capital expenditure	-35,177,479	22,882,513	-92,614,866	-41,861,999	-47,404,670	-7,067,305	-15,226,968	54,400,287	-53,687,408	-82,358,040	-25,288,111	-52,570,255	-22,503,308	-8,079,212	-121,734,904
Change in Investments	-392,711	-248,777	400,930	25,797	-5,785,239	1,440,000	4,560,000	-3,562,577	3,562,577	0	0	-451,787	451,787	0	0
cash flow from investments	-34,784,768	23,131,290	-93,015,796	-41,887,796	-41,619,431	-8,507,305	-19,786,968	57,962,864	-57,249,985	-82,358,040	-25,288,111	-52,118,468	-22,955,095	-8,079,212	-121,734,904
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-57,814,129	5,613,022	52,201,107	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	-5,034,206	3,394,066	850,443	789,697
Long term loans	-24,212,672	41,391,768	0	-35,220,845	26,580,845	0	8,640,000	0	-1,847,290	1,847,290	0	0	0	0	0
Hire Purchase and Lease Commitments	-178,742	17,357,838	0	-23,623,737	23,623,737	0	0	0	0	0	0	0	0	0	0
other long term liabilities	27,056,530	-39,374,628	7,617,673	31,341,343	-2,707,304	-2,880,000	4,201,432	-15,699,423	16,563,301	-352,012	-5,356,425	5,835,011	117,673	-121,492	971,935
share issue	-46,601,982	-40,579,271	-67,757,197	-608,109	-32,536,638	1,090,016	22,434,200	-11,508,166	29,687,636	808,655	-5,167,137	16,103,233	-24,565,425	-6,135,342	165,654,234
interest	3,612,427	1,492,302	-481,116	80,186	715,870	1,040,255	480,000	-301,319	-77,448	273,672	-1	179,029	903,575	-303,730	2,126,108
cash flow from financing	-40,324,439	-77,526,120	-55,007,618	24,169,945	15,676,510	-749,729	35,755,632	-27,508,908	44,326,199	2,577,605	-10,523,563	17,083,067	-20,150,111	-5,710,121	169,541,974
cash and cash equivalents
cash	-77,846,050	24,459,385	-53,243,525	62,261,168	33,867,540	-5,440,000	30,328,287	-6,604,569	10,714,947	-73,890,033	-6,184,542	-4,283,821	16,629,526	30,372,980	105,637,225
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-77,846,050	24,459,385	-53,243,525	62,261,168	33,867,540	-5,440,000	30,328,287	-6,604,569	10,714,947	-73,890,033	-6,184,542	-4,283,821	16,629,526	30,372,980	105,637,225

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for spirent communications plc by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in RH10 area or any other competitors across 12 key performance metrics.

SPIRENT COMMUNICATIONS PLC group structure

Spirent Communications Plc has 17 subsidiary companies.

Ultimate parent company

SPIRENT COMMUNICATIONS PLC

00470893

17 subsidiaries

SPIRENT LIMITED

00720989

CAMBRIDGE ANALYTICAL GROUP LIMITED

01908036

PG INTERNATIONAL LIMITED

00688533

SPIRENT HOLDINGS LIMITED

03451782

INCLEX NO 8 LIMITED

01632114

SPIRENT CAPITAL LIMITED

03806529

SPIRENT FINANCIAL LIMITED

03806518

SPIRENT INVESTMENT LIMITED

04118396

INCLEX NO 1 LIMITED

03940403

INCLEX NO 3 LIMITED

04207632

INCLEX NO 4 LIMITED

02648579

SHIPBRICK LIMITED

05234102

INCLEX NO 2 LIMITED

06605875

INCLEX NO 5 LIMITED

03417067

SPIRENT SYSTEMS LIMITED

02638491

SPIRENT SHARESAVE TRUST LIMITED

03430194

BOWTHORPE LIMITED

03900841

SPIRENT COMMUNICATIONS PLC Shareholders

Spirent Communications Plc currently has 8 directors. The longest serving directors include Mr Jonathan Silver (Jun 2015) and Mrs Paula Bell (Sep 2016).

officer	country	age	start	end	role
Mr Jonathan Silver		67 years	Jun 2015	-	Director
Mrs Paula Bell		57 years	Sep 2016	-	Director
Mr Gary Bullard	England	67 years	Dec 2016	-	Director
Sir William Thomas	England	65 years	Dec 2016	-	Director
Mr Edgar Masri	England	66 years	Jan 2018	-	Director
Ms Wendy Koh	England	55 years	Jan 2018	-	Director
Mr Eric Updyke	England	58 years	May 2019	-	Director
Ms Margaret Buggie	United Kingdom	46 years	Apr 2021	-	Director

P&L

December 2023

turnover

380.7m

-20%

operating profit

14.8m

-83%

gross margin

72.5%

+0.69%

turnover

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

Balance Sheet

December 2023

net assets

301.7m

-0.17%

total assets

468.7m

-0.15%

cash

86.8m

-0.47%

net assets

Total assets minus all liabilities

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company number

00470893

Type

Public limited with Share Capital

industry

61900 - Other telecommunications activities

70100 - Activities of head offices

incorporation date

July 1949

ultimate parent company

None

previous names

spirent plc (May 2006)

bowthorpe plc (May 2000)

address

origin one 108 high street, crawley, RH10 1BD

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 3 charges/mortgages relating to spirent communications plc. Currently there are 1 open charges and 2 have been satisfied in the past.

spirent communications plc Company Information

spirent communications plc Estimated Valuation

spirent communications plc Estimated Valuation

spirent communications plc Estimated Valuation

Spirent Communications Plc Overview

Spirent Communications Plc Health Check

SPIRENT COMMUNICATIONS PLC financials

spirent communications plc Credit Report and Business Information

Spirent Communications Plc Competitor Analysis

spirent communications plc Ownership

spirent communications plc directors

spirent communications plc company details

spirent communications plc Charges & Mortgages

spirent communications plc Companies House Filings - See Documents