Pomanda estimates the enterprise value of LEIGH SPINNERS LIMITED at £1.8m based on a Turnover of £6m and 0.3x industry multiple (adjusted for size and gross margin).
leigh spinners limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of LEIGH SPINNERS LIMITED at £0 based on an EBITDA of £-159.2k and a 2.88x industry multiple (adjusted for size and gross margin).
leigh spinners limitedEstimated Valuation
£1.4m
Pomanda estimates the enterprise value of LEIGH SPINNERS LIMITED at £1.4m based on Net Assets of £1m and 1.36x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Leigh Spinners LimitedOverview
Leigh Spinners Limited is a live company located in lancashire, WN7 2LB with a Companies House number of 00529628. It operates in the manufacture of woven or tufted carpets and rugs sector, SIC Code 13931. Founded in February 1954, it's largest shareholder is
patricia horrocks
with a 16.6% stake. Leigh Spinners Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£6m with
high
growth in recent years.
Pomanda's financial health check has awarded Leigh Spinners Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
4 Regular
6 Weak
Size
annual sales of £6m, make it smaller than the average company (£23.1m)
£6m - Leigh Spinners Limited
£23.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (6.6%)
26% - Leigh Spinners Limited
6.6% - Industry AVG
Production
with a gross margin of 27.9%, this company has a comparable cost of product (27.9%)
27.9% - Leigh Spinners Limited
27.9% - Industry AVG
Profitability
an operating margin of -3.2% make it less profitable than the average company (2.7%)
-3.2% - Leigh Spinners Limited
2.7% - Industry AVG
Employees
with 42 employees, this is below the industry average (80)
42 - Leigh Spinners Limited
80 - Industry AVG
Pay Structure
on an average salary of £39.6k, the company has an equivalent pay structure (£39.6k)
£39.6k - Leigh Spinners Limited
£39.6k - Industry AVG
Efficiency
resulting in sales per employee of £141.7k, this is less efficient (£251.9k)
£141.7k - Leigh Spinners Limited
£251.9k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (43 days)
39 days - Leigh Spinners Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (35 days)
41 days - Leigh Spinners Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 91 days, this is in line with average (100 days)
91 days - Leigh Spinners Limited
100 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is less cash available to meet short term requirements (22 weeks)
4 weeks - Leigh Spinners Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.1%, this is a higher level of debt than the average (44%)
49.1% - Leigh Spinners Limited
44% - Industry AVG
LEIGH SPINNERS LIMITED financials
EXPORT
Leigh Spinners Limited's latest turnover from February 2024 is estimated at £6 million and the company has net assets of £1 million. According to their latest financial statements, Leigh Spinners Limited has 42 employees and maintains cash reserves of £90.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Turnover
5,951,246
5,922,835
5,980,640
2,973,287
4,452,159
6,363,245
5,184,049
3,717,119
2,124,476
3,766,481
3,286,686
4,593,371
4,282,644
4,073,073
3,809,351
Other Income Or Grants
Cost Of Sales
4,292,523
4,403,396
4,459,433
2,643,629
4,383,542
4,736,474
3,810,756
2,580,008
1,521,525
2,814,126
2,418,362
3,313,007
3,140,793
2,954,139
3,806,404
Gross Profit
1,658,723
1,519,439
1,521,207
329,658
68,617
1,626,771
1,373,293
1,137,111
602,951
952,355
868,324
1,280,364
1,141,851
1,118,933
2,947
Admin Expenses
1,852,405
1,525,689
1,346,688
364,348
605,517
1,542,210
1,151,532
962,828
737,256
747,401
1,240,236
1,281,062
1,340,142
1,578,480
613,624
Operating Profit
-193,682
-6,250
174,519
-34,690
-536,900
84,561
221,761
174,283
-134,305
204,954
-371,912
-698
-198,291
-459,547
-610,677
Interest Payable
4,684
4,644
3,210
5,212
5,041
279,334
Interest Receivable
10,228
14,573
1,878
153
605
926
491
435
1,048
1,242
1,007
880
842
1,716
3,327
Pre-Tax Profit
-188,138
3,679
173,188
-39,749
-541,336
85,486
222,252
174,718
-133,257
206,196
-370,905
182
-197,449
-457,831
-328,016
Tax
-699
-32,906
58,239
-16,242
-42,228
-34,943
-43,301
-44
Profit After Tax
-188,138
2,980
140,282
-39,749
-483,097
69,244
180,024
139,774
-133,257
162,895
-370,905
138
-197,449
-457,831
-328,016
Dividends Paid
29,700
Retained Profit
-188,138
2,980
140,282
-39,749
-483,097
69,244
180,024
139,774
-133,257
162,895
-370,905
138
-197,449
-457,831
-357,716
Employee Costs
1,662,971
1,666,831
1,534,809
1,573,577
1,742,973
1,462,843
1,207,170
1,053,811
415,701
707,964
592,771
863,478
784,848
796,963
1,172,399
Number Of Employees
42
45
43
47
53
45
37
33
13
25
22
31
27
29
52
EBITDA*
-159,165
25,991
197,581
-12,298
-514,512
101,268
228,358
182,775
-120,287
226,724
-341,233
35,952
-86,343
-332,514
-476,386
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Tangible Assets
105,429
100,762
65,964
50,652
71,972
55,584
63,767
14,336
14,539
28,240
39,089
54,070
80,428
181,152
271,650
Intangible Assets
Investments & Other
2
2
2
2
2
2
2
2
2
2
2
2
2
2
9,902
Debtors (Due After 1 year)
20,696
20,696
20,696
Total Fixed Assets
105,431
100,764
65,966
50,654
71,974
55,586
63,769
14,338
14,541
28,242
39,091
74,768
101,126
201,850
281,552
Stock & work in progress
1,073,944
1,152,800
1,373,705
984,625
1,111,854
1,091,552
1,360,101
859,154
758,941
939,608
758,458
964,772
951,870
1,091,750
941,208
Trade Debtors
651,202
557,332
697,850
634,015
676,443
1,133,677
850,883
594,973
468,264
630,397
558,004
854,269
665,416
711,835
641,174
Group Debtors
20,709
20,709
40,696
Misc Debtors
107,383
105,608
167,926
40,577
41,925
153,438
164,485
152,963
60,611
73,021
Cash
90,682
298,942
429,709
321,606
315,660
179,311
67,563
128,721
218,971
200,310
296,676
106,158
245,692
91,146
595,126
misc current assets
total current assets
1,923,211
2,114,682
2,669,190
1,980,823
2,145,882
2,557,978
2,443,032
1,756,520
1,527,496
1,770,315
1,613,138
1,925,199
1,862,978
1,894,731
2,291,225
total assets
2,028,642
2,215,446
2,735,156
2,031,477
2,217,856
2,613,564
2,506,801
1,770,858
1,542,037
1,798,557
1,652,229
1,999,967
1,964,104
2,096,581
2,572,777
Bank overdraft
5,015
5,015
5,015
2,500
Bank loan
Trade Creditors
488,968
483,518
930,177
247,427
478,418
520,339
545,460
231,316
142,985
453,982
470,549
447,382
411,657
346,685
178,045
Group/Directors Accounts
267,523
267,836
267,049
267,762
268,375
275,538
276,878
other short term finances
hp & lease commitments
other current liabilities
200,361
199,203
271,366
388,774
353,800
217,327
153,347
188,450
187,734
187,005
total current liabilities
961,867
955,572
1,473,607
906,463
1,100,593
1,013,204
975,685
419,766
330,719
453,982
470,549
447,382
411,657
346,685
365,050
loans
34,137
39,098
43,753
47,500
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
34,137
39,098
43,753
47,500
total liabilities
996,004
994,670
1,517,360
953,963
1,100,593
1,013,204
975,685
419,766
330,719
453,982
470,549
447,382
411,657
346,685
365,050
net assets
1,032,638
1,220,776
1,217,796
1,077,514
1,117,263
1,600,360
1,531,116
1,351,092
1,211,318
1,344,575
1,181,680
1,552,585
1,552,447
1,749,896
2,207,727
total shareholders funds
1,032,638
1,220,776
1,217,796
1,077,514
1,117,263
1,600,360
1,531,116
1,351,092
1,211,318
1,344,575
1,181,680
1,552,585
1,552,447
1,749,896
2,207,727
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Operating Activities
Operating Profit
-193,682
-6,250
174,519
-34,690
-536,900
84,561
221,761
174,283
-134,305
204,954
-371,912
-698
-198,291
-459,547
-610,677
Depreciation
34,517
32,241
23,062
22,392
22,388
16,707
6,597
8,492
14,018
21,770
30,679
36,650
111,948
127,033
134,291
Amortisation
Tax
-699
-32,906
58,239
-16,242
-42,228
-34,943
-43,301
-44
Stock
-78,856
-220,905
389,080
-127,229
20,302
-268,549
500,947
100,213
-180,667
181,150
-206,314
12,902
-139,880
150,542
941,208
Debtors
95,645
-202,836
191,184
-43,776
-568,747
271,747
246,723
219,061
-80,813
72,393
-316,961
188,853
-46,419
-22,360
754,891
Creditors
5,450
-446,659
682,750
-230,991
-41,921
-25,121
314,144
88,331
-310,997
-16,567
23,167
35,725
64,972
168,640
178,045
Accruals and Deferred Income
1,158
-72,163
-117,408
34,974
136,473
63,980
-35,103
716
187,734
-187,005
187,005
Deferred Taxes & Provisions
Cash flow from operations
-169,346
-69,789
149,753
-37,310
186,724
120,687
-282,499
-82,395
17,930
-86,687
205,209
-130,122
164,928
-479,061
-1,807,435
Investing Activities
capital expenditure
-39,184
-67,039
-38,374
-1,072
-38,776
-8,524
-56,028
-8,289
-317
-10,921
-15,698
-10,292
-11,224
-36,535
609,450
Change in Investments
-9,900
9,902
cash flow from investments
-39,184
-67,039
-38,374
-1,072
-38,776
-8,524
-56,028
-8,289
-317
-10,921
-15,698
-10,292
-11,224
-26,635
599,548
Financing Activities
Bank loans
Group/Directors Accounts
-313
787
-713
-613
-7,163
-1,340
276,878
Other Short Term Loans
Long term loans
-4,961
-4,655
-3,747
47,500
Hire Purchase and Lease Commitments
other long term liabilities
share issue
2,565,443
interest
5,544
9,929
-1,332
-5,059
-4,436
926
491
435
1,048
1,242
1,007
880
842
1,716
-276,007
cash flow from financing
270
6,061
-5,792
41,828
-11,599
-414
277,369
435
1,048
1,242
1,007
880
842
1,716
2,289,436
cash and cash equivalents
cash
-208,260
-130,767
108,103
5,946
136,349
111,748
-61,158
-90,250
18,661
-96,366
190,518
-139,534
154,546
-503,980
595,126
overdraft
2,515
2,500
change in cash
-208,260
-130,767
105,588
3,446
136,349
111,748
-61,158
-90,250
18,661
-96,366
190,518
-139,534
154,546
-503,980
595,126
leigh spinners limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for leigh spinners limited. Get real-time insights into leigh spinners limited's credit score, group structure and payment trends.
Perform a competitor analysis for leigh spinners limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in WN7 area or any other competitors across 12 key performance metrics.
leigh spinners limited Ownership
LEIGH SPINNERS LIMITED group structure
Leigh Spinners Limited has no subsidiary companies.
Ultimate parent company
LEIGH SPINNERS LIMITED
00529628
LEIGH SPINNERS LIMITED Shareholders
The largest shareholders in Leigh Spinners Limited include Patricia Horrocks and Nicholas John Horrocks.
patricia horrocks
16.58%
nicholas john horrocks
15.19%
peter david gray horrocks
13.39%
john & patricia royal & horrocks
7.87%
alistair benzie horrocks
5.07%
martin warner horrocks
5.01%
john scott morrison
4.21%
james robert john horrocks
3.17%
joanna jane howe
3.17%
sarah louise barratt
3.14%
leigh spinners limited directors
Leigh Spinners Limited currently has 6 directors.
The longest serving directors include
Ms Patricia Horrocks (Oct 1995) and
Mr Nicholas Horrocks (Apr 2003).
13931 - Manufacture of woven or tufted carpets and rugs
incorporation date
February 1954
age
71
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
BEEVER & STRUTHERS
auditor
-
address
park lane, leigh, lancashire, WN7 2LB
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
leigh spinners 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 1 charges/mortgages relating to leigh spinners limited. Currently there are 1 open charges and 0 have been satisfied in the past.
leigh spinners 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.
Click to start generating capital raising & share issue transactions for LEIGH SPINNERS LIMITED. This can take several minutes, an email will notify you when this has completed.
leigh spinners limitedCompanies House Filings - See Documents
