spincraft etg limited
spincraft etg limited Company Information
Company Number
00556473
Next Accounts
Mar 2026
Shareholders
precision engineering international ltd
Group Structure
View All
Industry
Manufacture of other fabricated metal products n.e.c.
Registered Address
the scalpel, 18th floor, 52 lime street, london, EC3M 7AF
Website
standexetg.comspincraft etg limited Estimated Valuation
Pomanda estimates the enterprise value of SPINCRAFT ETG LIMITED at £5.2m based on a Turnover of £8.8m and 0.59x industry multiple (adjusted for size and gross margin).
spincraft etg limited Estimated Valuation
Pomanda estimates the enterprise value of SPINCRAFT ETG LIMITED at £0 based on an EBITDA of £-212.9k and a 4.62x industry multiple (adjusted for size and gross margin).
spincraft etg limited Estimated Valuation
Pomanda estimates the enterprise value of SPINCRAFT ETG LIMITED at £14.6m based on Net Assets of £7.4m and 1.96x industry multiple (adjusted for liquidity).
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Spincraft Etg Limited Overview
Spincraft Etg Limited is a live company located in london, EC3M 7AF with a Companies House number of 00556473. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in October 1955, it's largest shareholder is precision engineering international ltd with a 100% stake. Spincraft Etg Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.8m with healthy growth in recent years.
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Spincraft Etg Limited Health Check
Pomanda's financial health check has awarded Spincraft Etg Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £8.8m, make it smaller than the average company (£13.7m)
- Spincraft Etg Limited
£13.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (11%)
- Spincraft Etg Limited
11% - Industry AVG
Production
with a gross margin of 29.8%, this company has a comparable cost of product (29.8%)
- Spincraft Etg Limited
29.8% - Industry AVG
Profitability
an operating margin of -5.7% make it less profitable than the average company (6.7%)
- Spincraft Etg Limited
6.7% - Industry AVG
Employees
with 42 employees, this is below the industry average (80)
42 - Spincraft Etg Limited
80 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)
- Spincraft Etg Limited
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £208.9k, this is more efficient (£159.4k)
- Spincraft Etg Limited
£159.4k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (58 days)
- Spincraft Etg Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (43 days)
- Spincraft Etg Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 57 days, this is in line with average (71 days)
- Spincraft Etg Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is more cash available to meet short term requirements (14 weeks)
42 weeks - Spincraft Etg Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.6%, this is a lower level of debt than the average (43.6%)
23.6% - Spincraft Etg Limited
43.6% - Industry AVG
SPINCRAFT ETG LIMITED financials
Spincraft Etg Limited's latest turnover from June 2024 is estimated at £8.8 million and the company has net assets of £7.4 million. According to their latest financial statements, Spincraft Etg Limited has 42 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,255,033 | 8,502,322 | 6,514,652 | 11,225,553 | 9,317,583 | 8,350,225 | 7,001,590 | 6,633,000 | 10,355,000 | 12,300,000 | 11,737,000 | 16,496,000 | 3,930,000 | 11,031,000 | 10,475,000 | |
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | 6,219,470 | 5,694,947 | 3,997,939 | 6,908,267 | 6,489,877 | 5,174,189 | 4,417,306 | 4,406,000 | 6,045,000 | 6,944,000 | 7,577,000 | 9,022,000 | 2,472,000 | 7,190,000 | 7,125,000 | |
| Gross Profit | 4,035,563 | 2,807,375 | 2,516,713 | 4,317,286 | 2,827,706 | 3,176,036 | 2,584,284 | 2,227,000 | 4,310,000 | 5,356,000 | 4,160,000 | 7,474,000 | 1,458,000 | 3,841,000 | 3,350,000 | |
| Admin Expenses | 2,949,173 | 2,804,154 | 2,367,587 | 2,938,451 | 2,416,703 | 2,521,407 | 2,182,059 | 2,148,000 | 2,252,000 | 2,648,000 | 2,291,000 | 2,495,000 | 642,000 | 2,013,000 | 2,348,000 | |
| Operating Profit | 1,086,390 | 3,221 | 149,126 | 1,378,835 | 411,003 | 654,629 | 402,225 | 79,000 | 2,058,000 | 2,708,000 | 1,869,000 | 4,979,000 | 816,000 | 1,828,000 | 1,002,000 | |
| Interest Payable | 1,000 | |||||||||||||||
| Interest Receivable | 33,000 | 61,000 | 62,000 | 7,000 | 1,000 | 1,000 | ||||||||||
| Pre-Tax Profit | 1,086,390 | 3,221 | 149,126 | 1,378,835 | 411,003 | 654,629 | 402,225 | 80,000 | 2,091,000 | 2,769,000 | 1,931,000 | 4,986,000 | 816,000 | 1,830,000 | 1,003,000 | |
| Tax | -247,264 | 29,839 | -80,150 | -267,393 | -27,776 | -83,940 | -79,050 | -27,000 | -437,000 | -627,000 | -463,000 | -1,278,000 | -219,000 | -584,000 | -289,000 | |
| Profit After Tax | 839,126 | 33,060 | 68,976 | 1,111,442 | 383,227 | 570,689 | 323,175 | 53,000 | 1,654,000 | 2,142,000 | 1,468,000 | 3,708,000 | 597,000 | 1,246,000 | 714,000 | |
| Dividends Paid | 1,200,000 | 2,812,500 | 2,500,000 | 2,501,000 | 1,700,000 | 750,000 | 500,000 | |||||||||
| Retained Profit | 839,126 | 33,060 | 68,976 | -88,558 | 383,227 | 570,689 | -2,489,325 | 53,000 | -846,000 | -359,000 | -232,000 | 3,708,000 | -153,000 | 1,246,000 | 214,000 | |
| Employee Costs | 2,206,027 | 1,948,853 | 1,640,801 | 2,567,645 | 2,347,300 | 2,291,272 | 2,078,284 | 2,225,000 | 2,710,000 | 3,032,000 | 2,819,000 | 3,109,000 | 896,000 | 2,476,000 | 2,659,000 | |
| Number Of Employees | 42 | 38 | 37 | 36 | 52 | 57 | 55 | 63 | 83 | 82 | 91 | 91 | 92 | 92 | ||
| EBITDA* | 1,357,949 | 316,996 | 491,508 | 1,769,436 | 737,947 | 883,775 | 615,019 | 263,000 | 2,254,000 | 2,960,000 | 2,133,000 | 5,300,000 | 886,000 | 2,175,000 | 1,508,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,601,438 | 1,424,557 | 1,208,440 | 1,173,365 | 1,390,104 | 1,569,634 | 1,590,939 | 904,817 | 920,000 | 1,014,000 | 1,149,000 | 1,057,000 | 1,258,000 | 724,000 | 1,307,000 | 1,540,000 |
| Intangible Assets | 51,385 | 47,183 | 109,466 | 190,156 | 263,299 | 348,672 | 321,004 | 174,184 | 210,000 | |||||||
| Investments & Other | 388,000 | |||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 1,652,823 | 1,471,740 | 1,317,906 | 1,363,521 | 1,653,403 | 1,918,306 | 1,911,943 | 1,079,001 | 1,130,000 | 1,014,000 | 1,149,000 | 1,057,000 | 1,258,000 | 724,000 | 1,307,000 | 1,928,000 |
| Stock & work in progress | 973,103 | 1,321,413 | 1,163,985 | 1,399,967 | 1,213,344 | 2,314,268 | 2,109,860 | 1,848,144 | 1,291,000 | 1,270,000 | 1,258,000 | 1,483,000 | 1,327,000 | 1,087,000 | 986,000 | 583,000 |
| Trade Debtors | 2,053,814 | 2,002,619 | 2,505,838 | 1,862,361 | 1,810,263 | 2,772,601 | 2,069,495 | 1,871,837 | 1,941,000 | 2,350,000 | 2,334,000 | 1,710,000 | 2,372,000 | 1,476,000 | 1,987,000 | 1,652,000 |
| Group Debtors | 2,143,585 | 2,112,640 | 2,241,677 | 2,236,093 | 3,840,614 | 3,790,855 | 3,726,590 | 3,617,397 | 4,060,000 | 5,039,000 | 5,839,000 | 5,839,000 | 3,839,000 | 4,039,000 | 3,320,000 | 3,114,000 |
| Misc Debtors | 1,138,605 | 1,329,546 | 476,276 | 182,753 | 201,155 | 215,289 | 438,665 | 349,822 | 258,000 | 354,000 | 345,000 | 419,000 | 387,000 | 328,000 | 102,000 | 336,000 |
| Cash | 1,777,099 | 2,314,537 | 1,267,711 | 1,578,929 | 1,724,687 | 1,329,482 | 834,861 | 791,161 | 2,679,000 | 1,749,000 | 1,315,000 | 1,700,000 | 4,618,000 | 1,406,000 | 1,049,000 | 493,000 |
| misc current assets | ||||||||||||||||
| total current assets | 8,086,206 | 9,080,755 | 7,655,487 | 7,260,103 | 8,790,063 | 10,422,495 | 9,179,471 | 8,478,361 | 10,229,000 | 10,762,000 | 11,091,000 | 11,151,000 | 12,543,000 | 8,336,000 | 7,444,000 | 6,178,000 |
| total assets | 9,739,029 | 10,552,495 | 8,973,393 | 8,623,624 | 10,443,466 | 12,340,801 | 11,091,414 | 9,557,362 | 11,359,000 | 11,776,000 | 12,240,000 | 12,208,000 | 13,801,000 | 9,060,000 | 8,751,000 | 8,106,000 |
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 1,453,675 | 2,063,213 | 1,380,281 | 1,046,967 | 1,325,615 | 1,993,470 | 1,830,888 | 1,752,899 | 1,196,000 | 1,489,000 | 1,420,000 | 1,638,000 | 1,945,000 | 2,178,000 | 1,533,000 | 1,915,000 |
| Group/Directors Accounts | 107,006 | 73,191 | 73,191 | 73,191 | 1,647,391 | 3,001,817 | 726,939 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 453,000 | |||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 605,751 | 520,144 | 526,990 | 543,595 | 579,565 | 365,602 | 1,936,902 | 1,637,718 | 1,502,000 | 1,683,000 | 1,374,000 | 772,000 | 1,928,000 | 635,000 | 800,000 | 561,000 |
| total current liabilities | 2,166,432 | 2,656,548 | 1,980,462 | 1,663,753 | 3,552,571 | 5,360,889 | 4,494,729 | 3,510,617 | 2,818,000 | 3,292,000 | 2,914,000 | 2,530,000 | 3,873,000 | 2,813,000 | 2,333,000 | 2,929,000 |
| loans | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | 10,000 | 28,000 | 53,000 | 61,000 | 60,000 | |||||||||||
| other liabilities | ||||||||||||||||
| provisions | 132,772 | 63,890 | 20,749 | 26,000 | 22,000 | 17,000 | 2,000 | 12,000 | 18,000 | |||||||
| total long term liabilities | 132,772 | 63,890 | 20,749 | 26,000 | 22,000 | 17,000 | 10,000 | 28,000 | 55,000 | 73,000 | 78,000 | |||||
| total liabilities | 2,299,204 | 2,720,438 | 1,980,462 | 1,663,753 | 3,552,571 | 5,360,889 | 4,494,729 | 3,531,366 | 2,844,000 | 3,314,000 | 2,931,000 | 2,540,000 | 3,901,000 | 2,868,000 | 2,406,000 | 3,007,000 |
| net assets | 7,439,825 | 7,832,057 | 6,992,931 | 6,959,871 | 6,890,895 | 6,979,912 | 6,596,685 | 6,025,996 | 8,515,000 | 8,462,000 | 9,309,000 | 9,668,000 | 9,900,000 | 6,192,000 | 6,345,000 | 5,099,000 |
| total shareholders funds | 7,439,825 | 7,832,057 | 6,992,931 | 6,959,871 | 6,890,895 | 6,979,912 | 6,596,685 | 6,025,996 | 8,515,000 | 8,462,000 | 9,309,000 | 9,668,000 | 9,900,000 | 6,192,000 | 6,345,000 | 5,099,000 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 1,086,390 | 3,221 | 149,126 | 1,378,835 | 411,003 | 654,629 | 402,225 | 79,000 | 2,058,000 | 2,708,000 | 1,869,000 | 4,979,000 | 816,000 | 1,828,000 | 1,002,000 | |
| Depreciation | 252,177 | 209,276 | 233,085 | 269,239 | 272,924 | 231,217 | 181,943 | 177,607 | 180,000 | 196,000 | 252,000 | 264,000 | 321,000 | 70,000 | 347,000 | 506,000 |
| Amortisation | 34,593 | 62,283 | 80,690 | 73,143 | 117,677 | 95,727 | 47,203 | 35,187 | 4,000 | |||||||
| Tax | -247,264 | 29,839 | -80,150 | -267,393 | -27,776 | -83,940 | -79,050 | -27,000 | -437,000 | -627,000 | -463,000 | -1,278,000 | -219,000 | -584,000 | -289,000 | |
| Stock | -348,310 | 157,428 | -235,982 | 186,623 | -1,100,924 | 204,408 | 261,716 | 557,144 | 21,000 | 12,000 | -225,000 | 156,000 | 240,000 | 504,000 | 403,000 | 583,000 |
| Debtors | -108,801 | 221,014 | 942,584 | -1,570,825 | -926,713 | 543,995 | 395,694 | -419,944 | -1,484,000 | -775,000 | 550,000 | 1,370,000 | 755,000 | 741,000 | 307,000 | 5,102,000 |
| Creditors | -609,538 | 682,932 | 333,314 | -278,648 | -667,855 | 162,582 | 77,989 | 556,899 | -293,000 | 69,000 | -218,000 | -307,000 | -233,000 | 263,000 | -382,000 | 1,915,000 |
| Accruals and Deferred Income | 85,607 | -6,846 | -16,605 | -35,970 | 213,963 | -1,571,300 | 299,184 | 135,718 | -181,000 | 309,000 | 592,000 | -1,174,000 | 1,268,000 | 67,000 | 240,000 | 621,000 |
| Deferred Taxes & Provisions | 68,882 | 63,890 | -20,749 | -5,251 | 4,000 | 5,000 | 17,000 | -2,000 | -16,000 | -6,000 | 18,000 | |||||
| Cash flow from operations | 1,472,219 | -43,058 | 1,480,942 | 3,075,788 | -1,446,950 | 498,849 | 1,086,135 | 1,229,000 | 2,963,000 | 2,399,000 | -1,337,000 | 4,060,000 | -264,000 | 733,000 | -1,912,000 | |
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | -388,000 | -388,000 | 388,000 | |||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | 33,815 | -1,574,200 | -1,354,426 | 2,274,878 | 606,939 | 120,000 | -453,000 | -453,000 | 453,000 | |||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | ||||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | ||||||||||||||||
| share issue | ||||||||||||||||
| interest | -1,000 | 33,000 | 61,000 | 62,000 | 7,000 | 1,000 | 1,000 | |||||||||
| cash flow from financing | -1,574,200 | -1,354,885 | 2,274,878 | 606,939 | 321 | -1,000 | 32,000 | 61,000 | 182,000 | 7,000 | 793,000 | -452,000 | 5,339,000 | |||
| cash and cash equivalents | ||||||||||||||||
| cash | -537,438 | 1,046,826 | -311,218 | -145,758 | 395,205 | 494,621 | 43,700 | -1,887,839 | 930,000 | 434,000 | -385,000 | -2,918,000 | 3,212,000 | 913,000 | 556,000 | 493,000 |
| overdraft | ||||||||||||||||
| change in cash | -537,438 | 1,046,826 | -311,218 | -145,758 | 395,205 | 494,621 | 43,700 | -1,887,839 | 930,000 | 434,000 | -385,000 | -2,918,000 | 3,212,000 | 913,000 | 556,000 | 493,000 |
spincraft etg limited Credit Report and Business Information
Spincraft Etg Limited Competitor Analysis
Perform a competitor analysis for spincraft etg limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EC3M area or any other competitors across 12 key performance metrics.
spincraft etg limited Ownership
SPINCRAFT ETG LIMITED group structure
Spincraft Etg Limited has no subsidiary companies.
Ultimate parent company
STANDEX INTERNATIONAL CORP INC
#0071326
2 parents
SPINCRAFT ETG LIMITED
00556473
spincraft etg limited directors
Spincraft Etg Limited currently has 3 directors. The longest serving directors include Mr Leonard Paolillo (Mar 2011) and Mr David Dunbar (Mar 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Leonard Paolillo | United States | 66 years | Mar 2011 | - | Director |
| Mr David Dunbar | United States | 63 years | Mar 2014 | - | Director |
| Mr Donald Murray | United Kingdom | 64 years | Nov 2024 | - | Director |
P&L
June 2024turnover
8.8m
-14%
operating profit
-499.6k
0%
gross margin
29.9%
-24.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
7.4m
-0.05%
total assets
9.7m
-0.08%
cash
1.8m
-0.23%
net assets
Total assets minus all liabilities
spincraft etg limited company details
company number
00556473
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
October 1955
age
70
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2024
previous names
metal spinners group limited (November 2013)
metal spinners (newcastle) limited (April 1998)
accountant
-
auditor
UNW LLP
address
the scalpel, 18th floor, 52 lime street, london, EC3M 7AF
Bank
HSBC BANK PLC
Legal Advisor
-
spincraft etg 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 16 charges/mortgages relating to spincraft etg limited. Currently there are 0 open charges and 16 have been satisfied in the past.
spincraft etg 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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spincraft etg limited Companies House Filings - See Documents
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